Union Development Corporation
Union Development Corporation shows consistent revenue growth and zero executive compensation, with occasional operating deficits.
EIN: 20683218 · Dallas, TX · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $864K |
| Total Expenses | $795K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $863,876 |
| Net Assets | $503K |
| Transparency Score | 85/100 |
Is Union Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Union Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Union Development Corporation
Union Development Corporation (EIN: 20683218) is a nonprofit organization based in Dallas, TX, classified under NTEE code P28. The organization reported total revenue of $864K and total assets of $561K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Union Development Corporation is a small nonprofit that has been operating for 14 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 36.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $786K |
| Total Expenses | $795K |
| Surplus / Deficit | $-9,218 |
| Total Assets | $535K |
| Total Liabilities | $32K |
| Net Assets | $503K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 8.1 months |
Financial Health Grade: B
In 2023, Union Development Corporation reported a deficit of $9K with expenses exceeding revenue, holds 8.1 months of operating reserves (strong position), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Union Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 36.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +16.1% | -2.3% |
| 2022 | +39.1% | -2.3% | +26.7% |
| 2021 | -17.9% | +23.8% | -14.6% |
| 2020 | +71.0% | +270.6% | +47.2% |
| 2019 | +854.2% | +839.4% | +322.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Union Development Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Union Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all seven filing periods, indicating that no funds are allocated to officer salaries, which is highly unusual for an organization with latest revenue of $863,876 and assets of $561,141.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Union Development Corporation's IRS 990 filings:
- Occasional operating deficits (e.g., $795,235 expenses vs. $786,017 revenue in 2023, and $700,929 expenses vs. $582,330 revenue in 2021) could indicate periods of unsustainable spending if not balanced by surpluses in other years.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data limits a full assessment of spending efficiency, despite the positive indicator of 0% officer compensation.
Strengths
The following positive indicators were identified for Union Development Corporation:
- Consistent revenue growth, from $43,480 in 2018 to $863,876 currently, demonstrating increasing support and financial capacity.
- Strong asset growth, from $50,947 in 2017 to $561,141, indicating effective financial management and accumulation of resources.
- 0% officer compensation reported across all seven filing periods, suggesting a high dedication of funds directly to the mission rather than executive salaries.
- Low liabilities relative to assets, indicating good financial health and low risk.
- Consistent filing of IRS Form 990s over seven periods, demonstrating good transparency and compliance.
Frequently Asked Questions about Union Development Corporation
Is Union Development Corporation a legitimate charity?
Union Development Corporation (EIN: 20683218) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 7 years of IRS 990 filings on record. Total revenue: $864K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Union Development Corporation spend its money?
Union Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Union Development Corporation tax-deductible?
Union Development Corporation is registered as a tax-exempt nonprofit (EIN: 20683218). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Union Development Corporation CEO make?
Union Development Corporation's highest-compensated officer earns $863,876 annually. The organization reported $864K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Union Development Corporation's spending goes to programs?
Union Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Union Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Union Development Corporation is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Union Development Corporation located?
Union Development Corporation is headquartered in Dallas, Texas and files with the IRS under EIN 20683218. It is classified under NTEE code P28.
How many years of IRS 990 filings does Union Development Corporation have?
Union Development Corporation has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $864K in total revenue.
Is Union Development Corporation a good charity?
Based on the available data, Union Development Corporation appears to be a financially stable organization with consistent revenue and asset growth. The most notable positive is the reported 0% officer compensation across all filings, suggesting a strong commitment to directing funds towards its mission. However, without a detailed breakdown of program vs. administrative spending, a definitive 'good' rating is difficult, but the financial health and lack of executive pay are strong indicators.
How has Union Development Corporation's financial health changed over time?
Union Development Corporation has shown significant financial growth. Revenue increased from $43,480 in 2018 to $863,876 currently, and assets grew from $50,947 in 2017 to $561,141. While there were operating deficits in 2023 and 2021, the overall trend indicates robust growth and increasing financial capacity.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It means that no salaries were paid to the organization's officers, which is rare for an organization of this size. This suggests that leadership may be entirely volunteer-based or compensated through other means not reported as officer compensation, potentially allowing more funds to be directed to programs.
Filing History
IRS 990 filing history for Union Development Corporation showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Union Development Corporation's revenue has grown by 553.1%, moving from $120K to $786K. Total assets increased by 950.8% over the same period, from $51K to $535K. Total functional expenses rose by 686.7%, from $101K to $795K. In its most recent filing year (2023), Union Development Corporation reported a deficit of $9K, with expenses exceeding revenue. The organization holds $32K in liabilities against $535K in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $503K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $786K | $795K | $535K | $32K | — | View 990 |
| 2022 | $810K | $685K | $548K | $36K | — | — |
| 2021 | $582K | $701K | $433K | $37K | — | View 990 |
| 2020 | $710K | $566K | $506K | $54K | — | View 990 |
| 2019 | $415K | $153K | $344K | $6K | — | View 990 |
| 2018 | $43K | $16K | $81K | $6K | — | View 990 |
| 2017 | $120K | $101K | $51K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $786K, expenses of $795K, and assets of $535K (revenue -3.0% year-over-year).
- 2022: Revenue of $810K, expenses of $685K, and assets of $548K (revenue +39.1% year-over-year).
- 2021: Revenue of $582K, expenses of $701K, and assets of $433K (revenue -17.9% year-over-year).
- 2020: Revenue of $710K, expenses of $566K, and assets of $506K (revenue +71.0% year-over-year).
- 2019: Revenue of $415K, expenses of $153K, and assets of $344K (revenue +854.2% year-over-year).
- 2018: Revenue of $43K, expenses of $16K, and assets of $81K (revenue -63.9% year-over-year).
- 2017: Revenue of $120K, expenses of $101K, and assets of $51K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Union Development Corporation:
Data Sources and Methodology
This transparency report for Union Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.