University District Development Corporation
EIN: 262424174 · Little Rock, AR · NTEE: L25
| Metric | Value |
|---|---|
| Total Revenue | $525K |
| Total Expenses | $249K |
| Net Assets | $210K |
Is University District Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About University District Development Corporation
University District Development Corporation (EIN: 262424174) is a nonprofit organization based in Little Rock, AR, classified under NTEE code L25. The organization reported total revenue of $525K and total assets of $890K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University District Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University District Development Corporation is a small nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $210K |
| Total Expenses | $249K |
| Surplus / Deficit | $-39,092 |
| Total Assets | $631K |
| Total Liabilities | $421K |
| Net Assets | $210K |
| Operating Margin | -18.6% |
| Debt-to-Asset Ratio | 66.8% |
| Months of Reserves | 30.4 months |
Financial Health Grade: C
In 2023, University District Development Corporation reported a deficit of $39K with expenses exceeding revenue, holds 30.4 months of operating reserves (strong position), has a debt-to-asset ratio of 66.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), University District Development Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.5% | -34.3% | +150.6% |
| 2022 | +0.7% | +150.6% | -32.9% |
| 2021 | +0.4% | -15.7% | +82.8% |
| 2020 | -15.8% | -25.8% | +9.0% |
| 2019 | +36.5% | -13.4% | -49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for University District Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates University District Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.8%.
Frequently Asked Questions about University District Development Corporation
Is University District Development Corporation a legitimate charity?
University District Development Corporation (EIN: 262424174) is a registered tax-exempt nonprofit based in Arkansas. It has 12 years of IRS 990 filings on record. Total revenue: $525K. No red flags identified. Financial health grade: C.
How does University District Development Corporation spend its money?
University District Development Corporation reported $525K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to University District Development Corporation tax-deductible?
University District Development Corporation is registered as a tax-exempt nonprofit (EIN: 262424174). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is University District Development Corporation located?
University District Development Corporation is headquartered in Little Rock, Arkansas and files with the IRS under EIN 262424174. It is classified under NTEE code L25.
How many years of IRS 990 filings does University District Development Corporation have?
University District Development Corporation has 12 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 $525K in total revenue.
Filing History
IRS 990 filing history for University District Development Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), University District Development Corporation's revenue has declined by 32.2%, moving from $310K to $210K. Total assets increased by 205.9% over the same period, from $206K to $631K. Total functional expenses fell by 17.3%, from $301K to $249K. In its most recent filing year (2023), University District Development Corporation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $421K in liabilities against $631K in assets (debt-to-asset ratio: 66.8%), resulting in net assets of $210K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $210K | $249K | $631K | $421K | — | — |
| 2022 | $290K | $379K | $252K | $34 | — | View 990 |
| 2021 | $288K | $151K | $375K | $34K | — | View 990 |
| 2020 | $286K | $179K | $205K | $31 | — | — |
| 2019 | $340K | $242K | $188K | $90K | — | View 990 |
| 2018 | $249K | $279K | $372K | $372K | — | View 990 |
| 2017 | $233K | $277K | $311K | $280K | — | View 990 |
| 2016 | $273K | $267K | $90K | $16K | — | View 990 |
| 2014 | $236K | $240K | $339K | $279K | — | View 990 |
| 2013 | $270K | $269K | $237K | $172K | — | View 990 |
| 2012 | $291K | $290K | $248K | $185K | — | View 990 |
| 2011 | $310K | $301K | $206K | $155K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $210K, expenses of $249K, and assets of $631K (revenue -27.5% year-over-year).
- 2022: Revenue of $290K, expenses of $379K, and assets of $252K (revenue +0.7% year-over-year).
- 2021: Revenue of $288K, expenses of $151K, and assets of $375K (revenue +0.4% year-over-year).
- 2020: Revenue of $286K, expenses of $179K, and assets of $205K (revenue -15.8% year-over-year).
- 2019: Revenue of $340K, expenses of $242K, and assets of $188K (revenue +36.5% year-over-year).
- 2018: Revenue of $249K, expenses of $279K, and assets of $372K (revenue +6.9% year-over-year).
- 2017: Revenue of $233K, expenses of $277K, and assets of $311K (revenue -14.6% year-over-year).
- 2016: Revenue of $273K, expenses of $267K, and assets of $90K (revenue +15.8% year-over-year).
- 2014: Revenue of $236K, expenses of $240K, and assets of $339K (revenue -12.7% year-over-year).
- 2013: Revenue of $270K, expenses of $269K, and assets of $237K (revenue -7.3% year-over-year).
- 2012: Revenue of $291K, expenses of $290K, and assets of $248K (revenue -5.9% year-over-year).
- 2011: Revenue of $310K, expenses of $301K, and assets of $206K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University District Development Corporation:
Data Sources and Methodology
This transparency report for University District 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.