Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
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
16 people listed on the 990; $451K paid to officers and key staff.
Daniel Adams’s $248K as Executive Director is at the 94th 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 · 5 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Daniel Adams | $247,500 | $241,618 | — | — | — |
| Dan Adams | — | — | $237,969 | $206,862 | $203,925 |
| Amy Thornton | $164,795 | $159,970 | $151,049 | $129,868 | $119,406 |
| Paul K Johnson | — | — | — | $113,859 | $108,854 |
| Luann Spangenberg | $111,240 | $105,911 | — | — | — |
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
Stabilizes neighborhoods by providing affordable housing, revitalization, and small business support.
Questions for Afforda
Your first name shows with your question. Afforda answers here, for everyone.
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The uetod is a structured $35 million revolving loan fund. The loan fund provides flexible short-term financing for developers to purchase AND/OR develop transit oriented affordable housing near public transportation throughout the wasatch front.
The utah center for neighborhood stabilization stabilizes neighborhoods through its subsidiary organizations by providing single fmaily and multi-family affordable housing, neighborhood revitalization, and small business lending and investing.
Utah small business growth initiative (usbgi) is a limited liability company organized in the state of utah on june 11, 2012 for the purpose of creating jobs and stabilizing utah's neighborhoods by providing growing businesses with access to capital.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $12.4M | $14.8M |
| InvestmentsLn 11–13 | $5.7M | $6.3M |
| Land, buildings, equipmentLn 10c | $9K | $14K |
| Total assetsLn 16 | $29.6M | $25.0M |
| LiabilitiesLn 26 | $9.6M | $2.2M |
| Net assetsLn 32 | $20.0M | $22.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $151K | $97K | $54K | |
| Other salaries and wagesLn 7 | $207K | $141K | $66K | |
| Pension plan contributionsLn 8 | $4K | $2K | $1K | |
| Other employee benefitsLn 9 | $20K | $13K | $7K | |
| Payroll taxesLn 10 | $25K | $16K | $9K | |
| Legal feesLn 11b | $302 | $302 | ||
| Accounting feesLn 11c | $122K | $118 | $122K | |
| Other fees for servicesLn 11g | $3K | $3 | $3K | |
| OccupancyLn 16 | $16K | $9K | $6K | |
| TravelLn 17 | $1K | $108 | $992 | |
| InterestLn 20 | $239K | $238K | $224 | |
| Depreciation, depletion and amortizationLn 22 | $4K | $3K | $849 | |
| InsuranceLn 23 | $12K | $8K | $4K | |
| Other expenses (24a–d)Ln 24 | $61K | $32K | $29K | |
| All other expensesLn 24e | $631 | $322 | $309 | |
| Total functional expensesLn 25 | $866K | $561K | $305K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $2.5M | $1.6M | $944K | $22.6M | 990 PDF |
| FY2023 | $1.5M | $911K | $613K | $22.3M | 990 PDF |
| FY2022 | $606K | $658K | −$52K | $22.4M | 990 PDF |
| FY2021 Viewing | $2.5M | $866K | $1.7M | $22.8M | 990 PDF |
| FY2020 | $733K | $903K | −$170K | $20.0M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $2,535,036 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 1 to look at
Part VIII · Statement of revenue $2,535,036 across 7 lines filed
Part IX · Statement of functional expenses $865,955 across 15 lines filed
Part X · Balance sheet $25,024,590 assets, 14 lines filed
Part XI · Reconciliation of net assets $22,796,355 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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