Ujima Community Developmentcorporation FY2020 filing

Tax-deductible

Winston Salem, NC501(c)(3)HousingEIN 20-3947143Revenue $423K in FY2020

On file with the IRSujimacdc.org1922 Martin Luther King JR Drive, 27107-1361 · Winston Salem, NCTax-exempt since Jun 2007Publicly supported — 509(a)(2)

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Construction and maintainance of a senior living facility for residents of East Winston Salem, NC.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $71K a year · 13% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $35K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.4M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$423K
Spent
$581K
To programs
99%
Net assets
$254K
By yearFY2020–FY2024
Revenue
$423K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$423K
FY2021$489K
FY2022$512K
FY2023$705K
FY2024$639K
Expenses
$581K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$581K
FY2021$534K
FY2022$580K
FY2023$710K
FY2024$721K
Net assets
$254K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$254K
FY2021$209K
FY2022$142K
FY2023$138K
FY2024$56K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $576K Management & general 1% · $4K Fundraising 0% · $350

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and maintains a senior living facility for East Winston Salem residents.

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Provided by the organization

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1 program · $576K · in their own filed words · FY2020
01

The Organization provides a quality and affordable housing complex for senior residents of Winston Salem, NC.

$576Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$35K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$423K
Ln 12
Other incomeLn 4–11$377K
Gifts and grantsLn 1h$46K
Investment incomeLn 3$36
Money outPt IX
$581K
Ln 25
Programscol B$576K
Managementcol C$4K
Fundraisingcol D$350
Owns and owesPt X
$254K
net assets · Ln 32
Cash and savingsLn 1–2$152K
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$46K
Government grantsLn 1e$37K
Fundraising eventsLn 1c$2K
Investment incomeLn 3$36
Other incomeLn 4–11$377K
Total revenueLn 12$423K
Assets in detailPt X, end of year
CashLn 1$152K
Cash and savings togetherLn 1–2$152K
Land, buildings, equipmentLn 10c$5.5M
Total assetsLn 16$5.6M
LiabilitiesLn 26$5.4M
Net assetsLn 32$254K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$114K$152K
Land, buildings, equipmentLn 10c$5.6M$5.5M
Total assetsLn 16$5.7M$5.6M
LiabilitiesLn 26$5.3M$5.4M
Net assetsLn 32$412K$254K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$27K$27K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$900$900
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$400$400
Office expensesLn 13$4K$4K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$159K$159K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$228K$228K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$149K$148K$350
All other expensesLn 24e$125$125
Total functional expensesLn 25$581K$576K$4K$350

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $639K$721K−$82K$56K 990 PDF
FY2023 $705K$710K−$4K$138K 990 PDF
FY2022 $512K$580K−$67K$142K 990 PDF
FY2021 $489K$534K−$45K$209K 990 PDF
FY2020 Viewing $423K$581K−$158K$254K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $422,794 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $342,340$46,049
I-9 Program service revenue$0
I-10 Investment incomePrior year $212$36
I-11 Other revenuePrior year $125,038$376,709
I-12 Total revenuePrior year $467,590$422,794
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $259,966$580,545
I-18 Total expensesPrior year $259,966$580,545
I-19 Revenue less expensesPrior year $207,624−$157,751
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $422,794 across 8 lines filed
VIII-1b Membership dues$155
VIII-1c Fundraising events$1,918
VIII-1e Government grants$37,000
VIII-1f All other contributions, gifts and grants$6,976
VIII-1h Total contributions, gifts and grants$46,049
VIII-3 Investment income$36
VIII-6 Net rental income or loss$376,709
VIII-12 Total revenue$422,794
Part IX · Statement of functional expenses $580,545 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $26,692$26,692
IX-11b Legal feesPrograms $2,272$2,272
IX-11c Accounting feesPrograms $900$900
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $400$400
IX-13 Office expensesManagement $4,161$4,161
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $158,514$158,514
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $227,713$227,713
IX-23 InsurancePrograms $10,979$10,979
IX-24 Other expenses (24a–d)Programs $148,439 · Fundraising $350$148,789
IX-24e All other expensesPrograms $125$125
IX-25 Total functional expensesPrograms $576,034 · Management $4,161 · Fundraising $350$580,545
Part X · Balance sheet $5,613,306 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $113,524$152,334
X-8 Inventories for sale or useStart of year $75$75
X-10c Land, buildings and equipment, netStart of year $5,592,024$5,460,897
X-16 Total assetsStart of year $5,705,623$5,613,306
X-25 Other liabilitiesStart of year $94,251$113,387
X-26 Total liabilitiesStart of year $5,293,994$5,359,428
X-27 Net assets without donor restrictionsStart of year $411,629$253,878
X-32 Total net assets or fund balancesStart of year $411,629$253,878
X-33 Total liabilities and net assetsStart of year $5,705,623$5,613,306
Part XI · Reconciliation of net assets $253,878 net assets at year end
XI-1 Total revenue$422,794
XI-2 Total expenses$580,545
XI-3 Revenue less expenses−$157,751
XI-4 Net assets at start of year$411,629
XI-10 Net assets at end of year$253,878

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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