Universal Community Homes FY2021 filing

Tax-deductible

Philadelphia, PA501(c)(3)Since 1993Community DevelopmentEIN 23-2775947Revenue $2.1M in FY2021

On file with the IRS800 S 15th St, 19146-2105 · Philadelphia, PATax-exempt since May 1997Publicly supported charity — 170(b)(1)(A)(vi)

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Universal companies is in the business of helping people. Their mission is to create educational, cultural and entrepreneurial opportunities that will stimulate the development of wealth within historically disenfranchised communities. To accomplish this, Universal companies focuses on the identification and removal of systemic barriers to wealth creation within urban settings. This is what is called the "Universal plan."

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
$249K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $6K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$249K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$259K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.1M
-32% vs prior year
Spent
$2.1M
To programs
51%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$2.1M
FY2021▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$2.1M
FY2022$2.1M
FY2023$1.6M
FY2024$1.6M
FY2025$1.9M
Expenses
$2.1M
FY2021▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.1M
FY2022$1.8M
FY2023$2.0M
FY2024$1.6M
FY2025$2.1M
Net assets
$2.8M
FY2021▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.8M
FY2021$2.8M
FY2022$2.8M
FY2023$2.5M
FY2024$2.5M
FY2025$2.2M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1997.

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

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $1.1M Management & general 49% · $1.0M

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

5 people listed on the 990; $249K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$168,250Pt VII · Sec A
$81,064Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Wallace Dawan’s $210K as CFO is at the 70th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Shahied Dawan———$285,953—$200,000
Wallace Dawan$210,010$192,765$195,678$186,078$168,250$119,135
Lawrence Threadgill$142,632$127,115$127,452$118,340——
Abdur-Rahim Islam—————$127,744
Tamelia Hinson$117,314$72,549$95,444$93,399$81,064$57,596
Faatimah Gamble—$10,708————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Creates educational, cultural, and entrepreneurial opportunities to build wealth in underserved communities.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Universal is providing affordable housing, economic development to stimulate entrepreneurship, workforce development and training, education to generate leadership and is providing social solidarity for lasting renewal.

$1.1Mprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.1M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$6K
Gifts and grantsLn 1h$1K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.1M
Managementcol C$1.0M
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$564K
Total assetsLn 16$3.1M
LiabilitiesLn 26$259K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$1
Other incomeLn 4–11$6K
Total revenueLn 12$2.1M
Assets in detailPt X, end of year
CashLn 1$564K
Cash and savings togetherLn 1–2$564K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$17K
Total assetsLn 16$3.1M
LiabilitiesLn 26$259K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 518
VolunteersI 63
Fiscal year endsHeaderJune
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 FY21End FY21
Cash and savingsLn 1–2$459K$564K
Land, buildings, equipmentLn 10c$2.7M$2.5M
Total assetsLn 16$3.3M$3.1M
LiabilitiesLn 26$489K$259K
Net assetsLn 32$2.8M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$233K$138K$95K
Other salaries and wagesLn 7$553K$327K$226K
Other employee benefitsLn 9$154K$91K$63K
Payroll taxesLn 10$64K$38K$26K
Legal feesLn 11b$109K$109K
Accounting feesLn 11c$71K$71K
Other fees for servicesLn 11g$142K$142K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$49K$29K$20K
OccupancyLn 16$110K$65K$45K
TravelLn 17$539$318$221
Conferences, conventions and meetingsLn 19$2K$1K$810
InterestLn 20$7K$1K$5K
Depreciation, depletion and amortizationLn 22$200K$200K
InsuranceLn 23$70K$41K$29K
Other expenses (24a–d)Ln 24$256K$110K$146K
All other expensesLn 24e$76K$42K$34K
Total functional expensesLn 25$2.1M$1.1M$1.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$2.1M−$271K$2.2M 990 PDF
FY2024 $1.6M$1.6M−$12K$2.5M 990 PDF
FY2023 $1.6M$2.0M−$356K$2.5M 990 PDF
FY2022 $2.1M$1.8M$251K$2.8M 990 PDF
FY2021 Viewing $2.1M$2.1M$16K$2.8M 990 PDF
FY2020 $3.1M$2.8M$333K$2.8M 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 FY2021 990 (6 parts)
Part I · Summary $2,124,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,768$1,022
I-9 Program service revenuePrior year $3,095,411$2,117,607
I-10 Investment incomePrior year $47$1
I-11 Other revenuePrior year $990$5,553
I-12 Total revenuePrior year $3,119,216$2,124,183
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,565,128$1,004,931
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,221,293$1,102,963
I-18 Total expensesPrior year $2,786,421$2,107,894
I-19 Revenue less expensesPrior year $332,795$16,289
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,124,183 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,022
VIII-1h Total contributions, gifts and grants$1,022
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,117,607$2,117,607
VIII-3 Investment incomeRelated to mission $1$1
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,553$5,553
VIII-12 Total revenueRelated to mission $2,123,161 · Unrelated business $0 · Excluded from tax $0$2,124,183
Part IX · Statement of functional expenses $2,107,894 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $137,857 · Management $95,457$233,314
IX-7 Other salaries and wagesPrograms $327,039 · Management $226,455$553,494
IX-9 Other employee benefitsPrograms $91,224 · Management $63,167$154,391
IX-10 Payroll taxesPrograms $37,657 · Management $26,075$63,732
IX-11b Legal feesManagement $109,272$109,272
IX-11c Accounting feesManagement $71,042$71,042
IX-11g Other fees for servicesManagement $141,644$141,644
IX-12 Advertising and promotionManagement $11,155$11,155
IX-13 Office expensesPrograms $29,109 · Management $20,157$49,266
IX-16 OccupancyPrograms $64,724 · Management $44,817$109,541
IX-17 TravelPrograms $318 · Management $221$539
IX-19 Conferences, conventions and meetingsPrograms $1,170 · Management $810$1,980
IX-20 InterestPrograms $1,430 · Management $5,381$6,811
IX-22 Depreciation, depletion and amortizationPrograms $199,624$199,624
IX-23 InsurancePrograms $41,383 · Management $28,656$70,039
IX-24 Other expenses (24a–d)Programs $109,758 · Management $146,440$256,198
IX-24e All other expensesPrograms $41,856 · Management $33,996$75,852
IX-25 Total functional expensesPrograms $1,083,149 · Management $1,024,745 · Fundraising $0$2,107,894
Part X · Balance sheet $3,082,083 assets, 12 lines filed
Asset lines not itemized here account for $26,890; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $459,487$564,452
X-3 Pledges and grants receivableStart of year $23,444$7,100
X-10c Land, buildings and equipment, netStart of year $2,665,829$2,466,205
X-15 Other assetsStart of year $17,436$17,436
X-16 Total assetsStart of year $3,295,285$3,082,083
X-17 Accounts payable and accrued expensesStart of year $77,195$79,637
X-19 Deferred revenue$4,224
X-25 Other liabilitiesStart of year $1,739$25,507
X-26 Total liabilitiesStart of year $488,859$259,368
X-27 Net assets without donor restrictionsStart of year $2,806,426$2,822,715
X-32 Total net assets or fund balancesStart of year $2,806,426$2,822,715
X-33 Total liabilities and net assetsStart of year $3,295,285$3,082,083
Part XI · Reconciliation of net assets $2,822,715 net assets at year end
XI-1 Total revenue$2,124,183
XI-2 Total expenses$2,107,894
XI-3 Revenue less expenses$16,289
XI-4 Net assets at start of year$2,806,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,822,715

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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