Central Urban Development, INC. Purpose is to develop affordable housing for low income families.

501(c)(3) charity; gifts are tax-deductible.
18¢ of each $1 spent went to programs.
$250K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · 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
IRS Pub. 78
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 4
filings with a surplus
Average deficit $299K a year · 189% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
18%
of spending
Concern: 18% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$250K
to officers and key staff · 76% of spending
Concern: pay to officers and key staff is 76% of spending; over 30%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.8M
22% of total assets
Looks good: liabilities are 22% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 5 voting members
Worth a look: 1 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
-17% vs prior year
Spent
$327K
To programs
18%
Net assets
$6.1M
By yearFY2021–FY2024
Revenue
$62K
FY2022▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2021$76K
FY2022$62K
FY2023$100K
FY2024$394K
Expenses
$327K
FY2022▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2021$573K
FY2022$327K
FY2023$351K
FY2024$580K
Net assets
$6.1M
FY2022▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2021$6.4M
FY2022$6.1M
FY2023$6.6M
FY2024$6.4M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated. Listed in IRS Pub. 78 (as of October 2026). Latest filing on record: FY2024. IRS ruling in Jun 2001.

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

Where the money goes

18 cents of each dollar spent went to programs.

Program services 18% · $60K Management & general 82% · $267K

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

6 people listed on the 990; $250K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Preside
$132,800Pt VII · Sec A
Executive Di
$65,545Pt VII · Sec A
President/Ce
$51,000Pt VII · Sec A
$450Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A

James Williams’s $108K as Vice Preside is at the 89th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
James Williams$107,527$99,500$132,800$143,800
Greg McGhee$58,675$58,275$51,000$115,000
Wanda Edwards$60,545$60,545$65,545$101,690
Amziah Christman$1,000$1,000$450$15,000

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 15aNo

Programs and updates

Develops affordable housing for low-income families.

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1 program · $60K · in their own filed words · FY2022
01

Low income housing

$60Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$31K
Money outPt IX
$327K
Ln 25
Programscol B$60K
Managementcol C$267K
Owns and owesPt X
$6.1M
net assets · Ln 32
Cash and savingsLn 1–2$311K
Total assetsLn 16$7.9M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$32K
Fees for servicesLn 2g$31K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$311K
Cash and savings togetherLn 1–2$311K
Land, buildings, equipmentLn 10c$7.0M
Total assetsLn 16$7.9M
LiabilitiesLn 26$1.8M
Net assetsLn 32$6.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 68
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$402K$311K
Land, buildings, equipmentLn 10c$6.7M$7.0M
Total assetsLn 16$7.5M$7.9M
LiabilitiesLn 26$1.1M$1.8M
Net assetsLn 32$6.4M$6.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$250K$51K$198K
Payroll taxesLn 10$7K$662$6K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$6K$1K$4K
Other fees for servicesLn 11g$10K$178$10K
Office expensesLn 13$1K$75$1K
OccupancyLn 16$20K$6K$14K
InterestLn 20$13K$13K
InsuranceLn 23$12K$590$11K
Total functional expensesLn 25$327K$60K$267K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $394K$580K−$185K$6.4M 990 PDF
FY2023 $100K$351K−$251K$6.6M 990 PDF
FY2022 Viewing $62K$327K−$265K$6.1M 990 PDF
FY2021 $76K$573K−$497K$6.4M 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 FY2022 990 (6 parts)
Part I · Summary $62,484 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $51,038$31,550
I-9 Program service revenuePrior year $70,000$30,934
I-10 Investment incomePrior year −$45,440$0
I-11 Other revenue$0
I-12 Total revenuePrior year $75,598$62,484
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $383,269$256,411
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $189,357$70,581
I-18 Total expensesPrior year $572,626$326,992
I-19 Revenue less expensesPrior year −$497,028−$264,508
Part VI · Governance 1 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $62,484 across 4 lines filed
VIII-1f All other contributions, gifts and grants$31,550
VIII-1h Total contributions, gifts and grants$31,550
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,934$30,934
VIII-12 Total revenueRelated to mission $30,934$62,484
Part IX · Statement of functional expenses $326,992 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $51,409 · Management $198,386$249,795
IX-10 Payroll taxesPrograms $662 · Management $5,954$6,616
IX-11b Legal feesManagement $8,545$8,545
IX-11c Accounting feesPrograms $1,115 · Management $4,458$5,573
IX-11g Other fees for servicesPrograms $178 · Management $10,112$10,290
IX-13 Office expensesPrograms $75 · Management $1,420$1,495
IX-16 OccupancyPrograms $5,731 · Management $14,346$20,077
IX-20 InterestManagement $12,807$12,807
IX-23 InsurancePrograms $590 · Management $11,204$11,794
IX-25 Total functional expensesPrograms $59,760 · Management $267,232 · Fundraising $0$326,992
Part X · Balance sheet $7,860,869 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $402,324$310,874
X-4 Accounts receivableStart of year $371,846$560,027
X-10c Land, buildings and equipment, netStart of year $6,685,081$6,989,968
X-16 Total assetsStart of year $7,459,251$7,860,869
X-17 Accounts payable and accrued expensesStart of year $5,748$2,885
X-18 Grants payableStart of year $225,000$225,000
X-24 Unsecured notes and loans payableStart of year $472,502$472,502
X-25 Other liabilitiesStart of year $382,863$1,051,852
X-26 Total liabilitiesStart of year $1,086,113$1,752,239
X-27 Net assets without donor restrictionsStart of year $6,373,138$6,108,630
X-32 Total net assets or fund balancesStart of year $6,373,138$6,108,630
X-33 Total liabilities and net assetsStart of year $7,459,251$7,860,869
Part XI · Reconciliation of net assets $6,108,630 net assets at year end
XI-1 Total revenue$62,484
XI-2 Total expenses$326,992
XI-3 Revenue less expenses−$264,508
XI-4 Net assets at start of year$6,373,138
XI-10 Net assets at end of year$6,108,630

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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