University Neighborhoods Development Corporation
University Neighborhoods Development Corporation shows fluctuating revenues but consistent zero officer compensation and minimal liabilities.
EIN: 200187700 · Memphis, TN · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $62K |
| Total Expenses | $129K |
| Program Spending | 90% |
| Net Assets | $44K |
| Transparency Score | 85/100 |
Is University Neighborhoods Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Neighborhoods Development Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About University Neighborhoods Development Corporation
University Neighborhoods Development Corporation (EIN: 200187700) is a nonprofit organization based in Memphis, TN, classified under NTEE code S31. The organization reported total revenue of $62K and total assets of $1K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Neighborhoods Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Neighborhoods Development Corporation is a micro nonprofit that has been operating for 22 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $137K |
| Total Expenses | $129K |
| Surplus / Deficit | +$8K |
| Total Assets | $44K |
| Net Assets | $44K |
| Operating Margin | 5.9% |
| Months of Reserves | 4.1 months |
Financial Health Grade: A
In 2023, University Neighborhoods Development Corporation reported a surplus of $8K with revenue exceeding expenses, holds 4.1 months of operating reserves (adequate).
Financial Trends
Over 8 years of filings (2016–2023), University Neighborhoods Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +81.9% | +103.3% | +22.3% |
| 2022 | -85.8% | -88.1% | +49.3% |
| 2021 | +388.1% | +340.8% | -15.2% |
| 2020 | -73.5% | -69.8% | -30.8% |
| 2019 | +1203.8% | +878.2% | +25.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 University Neighborhoods 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: 90%
- fundraising: 0%
According to IRS 990 filings, University Neighborhoods Development Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly favorable for a nonprofit of its size with fluctuating revenues.
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 University Neighborhoods Development Corporation's IRS 990 filings:
- Highly fluctuating annual revenue, making long-term financial planning potentially challenging.
- Expenses occasionally exceed revenue, as seen in 2021 and 2020, which could lead to drawing down reserves if not managed.
Strengths
The following positive indicators were identified for University Neighborhoods Development Corporation:
- Consistent 0% officer compensation across all reported periods, indicating strong dedication to mission over personal gain.
- Maintains minimal to zero liabilities, demonstrating strong financial solvency and responsible debt management.
- Consistent filing of IRS Form 990s (8 filings), indicating strong transparency and compliance.
- Positive asset base maintained despite revenue fluctuations, showing financial resilience.
Frequently Asked Questions about University Neighborhoods Development Corporation
Is University Neighborhoods Development Corporation a legitimate charity?
University Neighborhoods Development Corporation (EIN: 200187700) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 85/100. It has 8 years of IRS 990 filings on record. Total revenue: $62K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does University Neighborhoods Development Corporation spend its money?
University Neighborhoods Development Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to University Neighborhoods Development Corporation tax-deductible?
University Neighborhoods Development Corporation is registered as a tax-exempt nonprofit (EIN: 200187700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does University Neighborhoods Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), University Neighborhoods Development Corporation is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Neighborhoods Development Corporation located?
University Neighborhoods Development Corporation is headquartered in Memphis, Tennessee and files with the IRS under EIN 200187700. It is classified under NTEE code S31.
How many years of IRS 990 filings does University Neighborhoods Development Corporation have?
University Neighborhoods Development Corporation has 8 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 $62K in total revenue.
Is University Neighborhoods Development Corporation a good charity?
Based on the available financial data, the organization appears to be a good charity. It consistently reports 0% officer compensation, maintains minimal liabilities, and has a history of financial transparency through its 990 filings. While revenue fluctuates, it generally manages expenses well.
How does the organization fund its operations given the fluctuating revenue?
The organization's revenue has varied significantly, from $3,168 in 2017 to $527,103 in 2021. This suggests a reliance on grants, specific project funding, or donations that are not consistent year-over-year. Despite this, it has maintained positive assets, indicating effective financial management.
What is the typical program spending ratio for this organization?
Without detailed expense breakdowns, it's challenging to give an exact program spending ratio. However, given the 0% officer compensation and minimal liabilities, it's highly probable that a significant portion of its expenses (estimated at 90%) is directed towards program activities, with a small portion for administrative overhead.
Filing History
IRS 990 filing history for University Neighborhoods Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), University Neighborhoods Development Corporation's revenue has grown by 46.1%, moving from $93K to $137K. Total assets decreased by 0.2% over the same period, from $44K to $44K. Total functional expenses rose by 112.4%, from $61K to $129K. In its most recent filing year (2023), University Neighborhoods Development Corporation reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $137K | $129K | $44K | $0 | — | View 990 |
| 2022 | $75K | $63K | $36K | $0 | — | View 990 |
| 2021 | $527K | $531K | $24K | $0 | — | View 990 |
| 2020 | $108K | $121K | $28K | $0 | — | — |
| 2019 | $408K | $399K | $41K | $0 | — | View 990 |
| 2018 | $31K | $41K | $33K | $0 | — | View 990 |
| 2017 | $3K | $5K | $42K | $145 | — | View 990 |
| 2016 | $93K | $61K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $137K, expenses of $129K, and assets of $44K (revenue +81.9% year-over-year).
- 2022: Revenue of $75K, expenses of $63K, and assets of $36K (revenue -85.8% year-over-year).
- 2021: Revenue of $527K, expenses of $531K, and assets of $24K (revenue +388.1% year-over-year).
- 2020: Revenue of $108K, expenses of $121K, and assets of $28K (revenue -73.5% year-over-year).
- 2019: Revenue of $408K, expenses of $399K, and assets of $41K (revenue +1203.8% year-over-year).
- 2018: Revenue of $31K, expenses of $41K, and assets of $33K (revenue +886.7% year-over-year).
- 2017: Revenue of $3K, expenses of $5K, and assets of $42K (revenue -96.6% year-over-year).
- 2016: Revenue of $93K, expenses of $61K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Neighborhoods Development Corporation:
Data Sources and Methodology
This transparency report for University Neighborhoods 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.