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Ucc IV INC

Tax-deductible

Marion, OH501(c)(3)HousingEIN 31-1424291

To Provide Senior Housing for Low-Income Persons

501(c)(3) charity; gifts are tax-deductible.
29¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
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
2 of 5
filings with a surplus
Average deficit $52K a year · 10% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.4M
324% of total assets
Concern: liabilities are 324% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 8 voting members
Fine: 4 of 8 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$513K
-4% vs prior year
Spent
$616K
To programs
29%
Net assets
−$2.4M
By yearFY2020–FY2024
Revenue
$513K
FY2024▼ -4%
Revenue by fiscal year
FY2020$499K
FY2021$513K
FY2022$491K
FY2023$532K
FY2024$513K
Expenses
$616K
FY2024-0.3%
Expenses by fiscal year
FY2020$478K
FY2021$506K
FY2022$589K
FY2023$618K
FY2024$616K
Net assets
−$2.4M
FY2024▼ -5%
Net assets by fiscal year
FY2020−$2.1M
FY2021−$2.1M
FY2022−$2.2M
FY2023−$2.3M
FY2024−$2.4M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1995.

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

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $181K Management & general 71% · $436K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Dick Beck
Officer
$0Pt VII · Sec A
Sue Ellis
Officer
$0Pt VII · Sec A
Jim Henry
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Busch
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cathy Green
President
$0Pt VII · Sec A
See Ucc IV INC executive salaries →

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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

Offers affordable housing for seniors with limited income.

Provided by the organization

This section is blank until Ucc IV INC claims this page.

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1 program service account for $181K of program spending, described in the organization's own filed words · FY2024.
01

The Sole Purpose is to Provide Subsidized Apt Rental Housing to Approximately 64 Low-Income Elderly and/or Handicapped Persons through the U.S. Department of HUD Sec. 202 Program.

$181Kprogram expense

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By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$513K
Ln 12
Gifts and grantsLn 1h$268K
Fees for servicesLn 2g$240K
Other incomeLn 4–11$5K
Money outPt IX
$616K
Ln 25
Programscol B$181K
Managementcol C$436K
Owns and owesPt X
−$2.4M
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$268K
Government grantsLn 1e$268K
Fees for servicesLn 2g$240K
Investment incomeLn 3$138
Other incomeLn 4–11$5K
Total revenueLn 12$513K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Land, buildings, equipmentLn 10c$870K
Other assetsLn 15$143K
Total assetsLn 16$1.1M
LiabilitiesLn 26$3.4M
Net assetsLn 32−$2.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$58K$14K
Land, buildings, equipmentLn 10c$959K$870K
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$3.5M$3.4M
Net assetsLn 32−$2.3M−$2.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$91K$39K$52K$0
Other employee benefitsLn 9$47K$0$47K$0
Payroll taxesLn 10$6K$0$6K$0
Management feesLn 11a$61K$0$61K$0
Accounting feesLn 11c$12K$0$12K$0
Other fees for servicesLn 11g$601$0$601$0
Advertising and promotionLn 12$331$0$331$0
Office expensesLn 13$13K$0$13K$0
OccupancyLn 16$82K$0$82K$0
Depreciation, depletion and amortizationLn 22$93K$0$93K$0
InsuranceLn 23$68K$0$68K$0
Other expenses (24a–d)Ln 24$142K$142K$0$0
All other expensesLn 24e$2K$0$2K$0
Total functional expensesLn 25$616K$181K$436K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $513K$616K−$103K−$2.4M 990 PDF
FY2023 $532K$618K−$86K−$2.3M 990 PDF
FY2022 $491K$589K−$98K−$2.2M 990 PDF
FY2021 $513K$506K$7K−$2.1M 990 PDF
FY2020 $499K$478K$22K−$2.1M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $513,474 across 6 lines filed
Lines not itemized here account for $85 of total revenue; see the IRS return.
VIII-1e Government grants$268,196
VIII-1h Total contributions, gifts and grants$268,196
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$240,114
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$138
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,941 · Unrelated business $0 · Excluded from tax $0$4,941
VIII-12 Total revenueRelated to mission $245,278 · Unrelated business $0 · Excluded from tax $0$513,474
Part IX · Statement of functional expenses $616,387 across 13 lines filed
IX-7 Other salaries and wagesPrograms $39,011 · Management $51,780 · Fundraising $0$90,791
IX-9 Other employee benefitsPrograms $0 · Management $46,541 · Fundraising $0$46,541
IX-10 Payroll taxesPrograms $0 · Management $6,011 · Fundraising $0$6,011
IX-11a Management feesPrograms $0 · Management $60,704 · Fundraising $0$60,704
IX-11c Accounting feesPrograms $0 · Management $11,709 · Fundraising $0$11,709
IX-11g Other fees for servicesPrograms $0 · Management $601 · Fundraising $0$601
IX-12 Advertising and promotionPrograms $0 · Management $331 · Fundraising $0$331
IX-13 Office expensesPrograms $0 · Management $13,021 · Fundraising $0$13,021
IX-16 OccupancyPrograms $0 · Management $82,233 · Fundraising $0$82,233
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $93,482 · Fundraising $0$93,482
IX-23 InsurancePrograms $0 · Management $67,703 · Fundraising $0$67,703
IX-24 Other expenses (24a–d)Programs $141,728 · Management $0 · Fundraising $0$141,728
IX-24e All other expensesPrograms $0 · Management $1,532 · Fundraising $0$1,532
IX-25 Total functional expensesPrograms $180,739 · Management $435,648 · Fundraising $0$616,387
Part X · Balance sheet $1,065,831 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $57,809$14,156
X-4 Accounts receivableStart of year $3,738$6,645
X-9 Prepaid expenses and deferred chargesStart of year $19,294$31,739
X-10c Land, buildings and equipment, netStart of year $958,911$870,271
X-15 Other assetsStart of year $135,734$143,020
X-16 Total assetsStart of year $1,175,486$1,065,831
X-17 Accounts payable and accrued expensesStart of year $196,595$189,535
X-19 Deferred revenueStart of year $176$476
X-26 Total liabilitiesStart of year $3,455,690$3,448,948
X-27 Net assets without donor restrictionsStart of year −$2,280,204−$2,383,117
X-32 Total net assets or fund balancesStart of year −$2,280,204−$2,383,117
X-33 Total liabilities and net assetsStart of year $1,175,486$1,065,831
Part XI · Reconciliation of net assets −$2,383,117 net assets at year end
XI-1 Total revenue$513,474
XI-2 Total expenses$616,387
XI-3 Revenue less expenses−$102,913
XI-4 Net assets at start of year−$2,280,204
XI-10 Net assets at end of year−$2,383,117

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

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