Ucc Xi INC

Tax-deductible

Marion, OH501(c)(3)EIN 58-1632007

To Provide Safe and Affordable Housing for Low-Income Persons.

501(c)(3) charity; gifts are tax-deductible.
50¢ 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
4 of 5
filings with a surplus
Average deficit $10K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
168% of total assets
Concern: liabilities are 168% 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
$205K
-12% vs prior year
Spent
$326K
To programs
50%
Net assets
−$457K
By yearFY2020–FY2024
Revenue
$205K
FY2024▼ -12%
Revenue by fiscal year
FY2020$224K
FY2021$227K
FY2022$232K
FY2023$233K
FY2024$205K
Expenses
$326K
FY2024▲ +56%
Expenses by fiscal year
FY2020$196K
FY2021$214K
FY2022$224K
FY2023$209K
FY2024$326K
Net assets
−$457K
FY2024▼ -36%
Net assets by fiscal year
FY2020−$382K
FY2021−$369K
FY2022−$361K
FY2023−$336K
FY2024−$457K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1990.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $162K Management & general 50% · $163K

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Officer
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ucc Xi 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

Builds and manages safe, affordable homes for people with low incomes.

Provided by the organization

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

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1 program service account for $162K of program spending, described in the organization's own filed words · FY2024.
01

The sole purpose is to provide subsidized apartment rental housing to approximately 24 low-income elderly and/or handicapped persons through the U.S. Department of HUD Section 202 Program.

$162Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$94K
Investment incomeLn 3$11K
Money outPt IX
$326K
Ln 25
Programscol B$162K
Managementcol C$163K
Owns and owesPt X
−$457K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$676K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$98K
Fees for servicesLn 2g$94K
Investment incomeLn 3$11K
Other incomeLn 4–11$2K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
Land, buildings, equipmentLn 10c$343K
Other assetsLn 15$290K
Total assetsLn 16$676K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$457K
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$9K$28K
Land, buildings, equipmentLn 10c$277K$343K
Total assetsLn 16$706K$676K
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32−$336K−$457K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K$22K$19K$0
Other employee benefitsLn 9$578$0$578$0
Payroll taxesLn 10$3K$0$3K$0
Management feesLn 11a$14K$0$14K$0
Legal feesLn 11b$9K$0$9K$0
Accounting feesLn 11c$9K$0$9K$0
Other fees for servicesLn 11g$315$0$315$0
Advertising and promotionLn 12$250$0$250$0
Office expensesLn 13$9K$0$9K$0
OccupancyLn 16$38K$0$38K$0
Depreciation, depletion and amortizationLn 22$40K$0$40K$0
InsuranceLn 23$17K$0$17K$0
Other expenses (24a–d)Ln 24$140K$140K$0$0
All other expensesLn 24e$4K$0$4K$0
Total functional expensesLn 25$326K$162K$163K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $205K$326K−$121K−$457K 990 PDF
FY2023 $233K$209K$25K−$336K 990 PDF
FY2022 $232K$224K$8K−$361K 990 PDF
FY2021 $227K$214K$13K−$369K 990 PDF
FY2020 $224K$196K$27K−$382K 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 $204,849 across 6 lines filed
Lines not itemized here account for $83 of total revenue; see the IRS return.
VIII-1e Government grants$97,760
VIII-1h Total contributions, gifts and grants$97,760
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$94,481
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$11,078
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,447 · Unrelated business $0 · Excluded from tax $0$1,447
VIII-12 Total revenueRelated to mission $107,089 · Unrelated business $0 · Excluded from tax $0$204,849
Part IX · Statement of functional expenses $325,697 across 14 lines filed
IX-7 Other salaries and wagesPrograms $22,262 · Management $19,404 · Fundraising $0$41,666
IX-9 Other employee benefitsPrograms $0 · Management $578 · Fundraising $0$578
IX-10 Payroll taxesPrograms $0 · Management $3,284 · Fundraising $0$3,284
IX-11a Management feesPrograms $0 · Management $13,532 · Fundraising $0$13,532
IX-11b Legal feesPrograms $0 · Management $8,980 · Fundraising $0$8,980
IX-11c Accounting feesPrograms $0 · Management $8,973 · Fundraising $0$8,973
IX-11g Other fees for servicesPrograms $0 · Management $315 · Fundraising $0$315
IX-12 Advertising and promotionPrograms $0 · Management $250 · Fundraising $0$250
IX-13 Office expensesPrograms $0 · Management $8,778 · Fundraising $0$8,778
IX-16 OccupancyPrograms $0 · Management $37,994 · Fundraising $0$37,994
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $40,386 · Fundraising $0$40,386
IX-23 InsurancePrograms $0 · Management $17,397 · Fundraising $0$17,397
IX-24 Other expenses (24a–d)Programs $139,987 · Management $0 · Fundraising $0$139,987
IX-24e All other expensesPrograms $0 · Management $3,577 · Fundraising $0$3,577
IX-25 Total functional expensesPrograms $162,249 · Management $163,448 · Fundraising $0$325,697
Part X · Balance sheet $675,980 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $9,358$27,679
X-4 Accounts receivableStart of year $9,658$7,392
X-9 Prepaid expenses and deferred chargesStart of year $4,819$8,147
X-10c Land, buildings and equipment, netStart of year $277,382$343,242
X-15 Other assetsStart of year $404,380$289,520
X-16 Total assetsStart of year $705,597$675,980
X-17 Accounts payable and accrued expensesStart of year $43,820$134,271
X-19 Deferred revenueStart of year $73$200
X-26 Total liabilitiesStart of year $1,041,914$1,133,145
X-27 Net assets without donor restrictionsStart of year −$336,317−$457,165
X-32 Total net assets or fund balancesStart of year −$336,317−$457,165
X-33 Total liabilities and net assetsStart of year $705,597$675,980
Part XI · Reconciliation of net assets −$457,165 net assets at year end
XI-1 Total revenue$204,849
XI-2 Total expenses$325,697
XI-3 Revenue less expenses−$120,848
XI-4 Net assets at start of year−$336,317
XI-10 Net assets at end of year−$457,165

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

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