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Universal Housing Development Corp FY2024 filing

Tax-deductible

Russellville, AR501(c)(3)Housing EIN 23-7416304Revenue $1.8M in FY2024Latest return filed Mar 9, 2026

On file with the IRSuhdchousing.orgPo Box 846, 72811-0846 · Russellville, ARTax-exempt since Dec 1974Publicly supported charity — 170(b)(1)(A)(vi)

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Affordable Housing assistance

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2024 · 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
5 of 6
filings with a surplus
Average surplus $43K a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 14.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $245K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.5M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-8% vs prior year
Spent
$2.0M
To programs
91%
Net assets
$4.4M
By yearFY2020–FY2025
Revenue
$1.8M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.9M
FY2022$1.7M
FY2023$1.9M
FY2024$1.8M
FY2025$2.0M
Expenses
$2.0M
FY2024▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.0M
FY2021$1.9M
FY2022$1.7M
FY2023$1.7M
FY2024$2.0M
FY2025$1.8M
Net assets
$4.4M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.3M
FY2021$4.3M
FY2022$4.4M
FY2023$4.6M
FY2024$4.4M
FY2025$4.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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 Dec 1974.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.8M Management & general 9% · $182K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Steve Hubbard
Board Member
$0Pt VII · Sec A
Mark Thone
Board Member
$0Pt VII · Sec A
Johnnie Carolina
Board Member
$0Pt VII · Sec A
Chris George
Board Member
$0Pt VII · Sec A
Jimmy Hart
Board Member
$0Pt VII · Sec A
Rickey Bowman
Board Member
$0Pt VII · Sec A
Willie Braxton
Secretary Treasurer
$0Pt VII · Sec A
Kay Daugherty
President
$0Pt VII · Sec A

Beverly Massey’s $84K as Executive Director is at the 20th percentile of top reported officer pay among 2036 $1–10M housing 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 · 2 named individuals · Part VII

NameFY2025FY2022FY2021FY2020
Beverly Massey$84,231$76,030$76,005$66,893
Bill Tucker$75,094$71,859$71,784$71,804

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Universal Housing Development Corp is a housing nonprofit based in Russellville, AR.

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Provided by the organization

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3 programs · $1.8M · in their own filed words · FY2023
01

Section 8, 202 and rural development 515 housing assistance provides for housingassistance payments on behalf of eligible tenants toprovide safe, decent & sanitary housing. 4283 clients were assisted through this program.

$980Kprogram expense
02

Other housing programs designed to assist families in obtaining affordable housing. 579 clients served.

$430Kprogram expense
03

Self help and rehab housing provides technical and supervisoryassistance that will aid needy very low and lowincome families in building HOUSES/REHAB. 10 clientswere assisted by this program.

$375Kprogram 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 · FY2024
Neighborhood Reinvestment CorporationFY2024$245K
Total grants receivedfrom 1 funder$245K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$582K
Other incomeLn 4–11$67K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.8M
Managementcol C$182K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$6.9M
LiabilitiesLn 26$2.5M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$1.1M
Fees for servicesLn 2g$582K
Investment incomeLn 3$39K
Other incomeLn 4–11$67K
Gains on assetsLn 7−$72K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$906K
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$204K
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$565
Total assetsLn 16$6.9M
LiabilitiesLn 26$2.5M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 527
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$3.1M$2.4M
InvestmentsLn 11–13$386K$204K
Land, buildings, equipmentLn 10c$2.6M$3.5M
Total assetsLn 16$7.1M$6.9M
LiabilitiesLn 26$2.5M$2.5M
Net assetsLn 32$4.6M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$970K$832K$138K
Management feesLn 11a$42K$42K
Advertising and promotionLn 12$894$780$114
OccupancyLn 16$150K$138K$13K
TravelLn 17$16K$13K$2K
Conferences, conventions and meetingsLn 19$23K$23K$280
InterestLn 20$86K$86K
Depreciation, depletion and amortizationLn 22$116K$116K$925
InsuranceLn 23$78K$76K$2K
Other expenses (24a–d)Ln 24$485K$460K$25K
Total functional expensesLn 25$2.0M$1.8M$182K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 9, 2026 $2.0M$1.8M$118K$4.5M 990 PDF
FY2024 ViewingFiled with the IRS Mar 31, 2025 $1.8M$2.0M−$196K$4.4M 990 PDF
FY2023Filed with the IRS Apr 3, 2024 $1.9M$1.7M$220K$4.6M 990 PDF
FY2022Filed with the IRS Jan 24, 2023 $1.7M$1.7M$69K$4.4M 990 PDF
FY2021Filed with the IRS Jan 7, 2022 $1.9M$1.9M$28K$4.3M 990 PDF
FY2020Filed with the IRS Jan 8, 2021 $2.0M$2.0M$19K$4.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,771,183 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,137,659$1,122,470
I-9 Program service revenuePrior year $469,491$582,206
I-10 Investment incomePrior year $1,310−$33,035
I-11 Other revenuePrior year $311,051$99,542
I-12 Total revenuePrior year $1,919,511$1,771,183
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $910,335$969,957
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $789,404$996,926
I-18 Total expensesPrior year $1,699,739$1,966,883
I-19 Revenue less expensesPrior year $219,772−$195,700
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,771,183 across 7 lines filed
VIII-1e Government grants$1,122,470
VIII-1h Total contributions, gifts and grants$1,122,470
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $582,206$582,206
VIII-3 Investment incomeRelated to mission $38,913$38,913
VIII-7 Net gain or loss on sales of assetsRelated to mission −$71,948−$71,948
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $99,542$99,542
VIII-12 Total revenueRelated to mission $648,713 · Unrelated business $0 · Excluded from tax $0$1,771,183
Part IX · Statement of functional expenses $1,966,883 across 10 lines filed
IX-7 Other salaries and wagesPrograms $832,008 · Management $137,949$969,957
IX-11a Management feesPrograms $42,259$42,259
IX-12 Advertising and promotionPrograms $780 · Management $114$894
IX-16 OccupancyPrograms $137,873 · Management $12,611$150,484
IX-17 TravelPrograms $13,355 · Management $2,476$15,831
IX-19 Conferences, conventions and meetingsPrograms $22,525 · Management $280$22,805
IX-20 InterestPrograms $85,784$85,784
IX-22 Depreciation, depletion and amortizationPrograms $115,570 · Management $925$116,495
IX-23 InsurancePrograms $75,520 · Management $2,287$77,807
IX-24 Other expenses (24a–d)Programs $459,570 · Management $24,997$484,567
IX-25 Total functional expensesPrograms $1,785,244 · Management $181,639 · Fundraising $0$1,966,883
Part X · Balance sheet $6,851,893 assets, 15 lines filed
Asset lines not itemized here account for $710,262; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $410,953$1,483,553
X-2 Savings and temporary cash investmentsStart of year $2,685,878$905,668
X-4 Accounts receivableStart of year $54,879$30,769
X-9 Prepaid expenses and deferred chargesStart of year $31,165$35,631
X-10c Land, buildings and equipment, netStart of year $2,633,579$3,481,531
X-13 Program-related investmentsStart of year $386,214$203,914
X-15 Other assetsStart of year $3,582$565
X-16 Total assetsStart of year $7,089,303$6,851,893
X-17 Accounts payable and accrued expensesStart of year $62,150$54,337
X-25 Other liabilitiesStart of year $23,313$22,871
X-26 Total liabilitiesStart of year $2,500,090$2,458,380
X-27 Net assets without donor restrictionsStart of year $4,535,393$4,339,693
X-28 Net assets with donor restrictionsStart of year $53,820$53,820
X-32 Total net assets or fund balancesStart of year $4,589,213$4,393,513
X-33 Total liabilities and net assetsStart of year $7,089,303$6,851,893
Part XI · Reconciliation of net assets $4,393,513 net assets at year end
XI-1 Total revenue$1,771,183
XI-2 Total expenses$1,966,883
XI-3 Revenue less expenses−$195,700
XI-4 Net assets at start of year$4,589,213
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,393,513

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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