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Uc Development Corporation FY2024 filing

Tax-deductible

Kansas City, MO501(c)(3)HousingEIN 71-0873273

To assist in the development and afordability of housing for low to moderate income families and college students.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
0 of 2
filings with a surplus
Average deficit $34K a year · 474% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
97% of total assets
Concern: liabilities are 97% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
−$3K
Spent
$65K
To programs
0%
Net assets
$68K
By yearFY2024–FY2025
Revenue
−$3K
FY2024
Revenue by fiscal year
FY2024−$3K
FY2024−$52K
FY2025$17K
Expenses
$65K
FY2024
Expenses by fiscal year
FY2024$65K
FY2024$14K
FY2025$18K
Net assets
$68K
FY2024
Net assets by fiscal year
FY2024$68K
FY2024−$147K
FY2025−$148K

From the FY2024 Form 990 (year ending May 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Legal name (IRS)Hdr · item CUc Development Corporation
EINHdr · item D71-0873273
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2002
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CKansas City, MO
NTEE classificationIRS BMFHousing (L21)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$65K
Total functional expensesLn 25$65K

Finances

Money in and out, what it owns and owes

Spent on programs
0%
of spending reaches programs
Months of spending covered by cash
18.2mo
months of spending covered by cash and easy-to-sell investments

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$2.3M
FY2024
Total assets by fiscal year
FY2024$2.3M
FY2024$4.4M
FY2025$4.1M
Total liabilities
$2.2M
FY2024
Total liabilities by fiscal year
FY2024$2.2M
FY2024$4.5M
FY2025$4.3M
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$2.3M
Spent on programsPt IX · col B0%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$2.2M
Total net assetsLn 32$68K
Months of cash on handcomputed18.2
Total revenueLn 12−$3K

Money in detail

Form 990 · FY2024 · each figure shown with the dollars behind it
Cash and giving out
Months of spending covered by cash
Cash and easy-to-sell investments $99K · Operating expenses/yr $65K
18.2 months
Where the money goes
Program services
Program services $0 · Total expenses $65K
0%
Management & General
Management & general $65K · Total expenses $65K
100%
Fundraising
Fundraising $0 · Total expenses $65K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $16K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $16K · Total revenue −$3K
—
Government reliance
Government grants — · Total revenue −$3K
—
Earned-income share
Program service revenue $0 · Total revenue −$3K
—
Investment reliance
Investment income $2K · Total revenue −$3K
—
Program self-sufficiency
Program service revenue $0 · Total expenses $65K
0%
Growth & trend
Revenue change from last year
This year −$3K · Prior year —
No prior year on file
Net assets change over the year
End of year $68K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus or deficit, as % of revenue
Revenue −$3K · Expenses $65K
—
Debts compared to what it owns
Total liabilities — · Total assets $2.3M
—
Net assets compared to what it owns
Net assets $68K · Total assets $2.3M
3%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Teresa Grover · Reported title SECRETARY & EXECUTIVE DIRECTO · Highest reported compensation $0 · Total expenses $65K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $65K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Spent on management, % of spending 100%——
Fundraising cost, % of gifts 0%——

Straight from the Form 990 — descriptive, not an evaluation. A share is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Teresa Grover
Secretary & Executive Directo
$0Pt VII · Sec A
Ronald Grover
Board Chairman
$0Pt VII · Sec A
See Uc Development Corporation executive salaries →

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Governance & Policies

Part VI
  • 2Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Develops and makes affordable housing available for low-income families and college students.

Provided by the organization

This section is blank until Uc Development Corporation claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2023.
01

.

Pt IX · col B

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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 · FY2023
Arvest FoundationFY2023$2K
Total grants receivedfrom 1 funder$2K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $17K$18K+133% 990 PDF
FY2024 Viewing −$3K$65K 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

Full filing: Form 990 for FY2024

Every line we hold from the return, cited to its Part and line.
Part VIII · Statement of revenue −$2,588 across 5 lines filed
VIII-1f All other contributions, gifts and grants$16,175
VIII-1h Total contributions, gifts and grants$16,175
VIII-3 Investment incomeRelated to mission $2,166$2,166
VIII-6 Net rental income or lossRelated to mission −$20,929−$20,929
VIII-12 Total revenueRelated to mission −$18,763 · Unrelated business $0 · Excluded from tax $0−$2,588
Part IX · Statement of functional expenses $65,194 across 3 lines filed
IX-11a Management feesManagement $58,588$58,588
IX-13 Office expensesManagement $362$362
IX-17 TravelManagement $6,244$6,244
IX-25 Total functional expensesPrograms $0 · Management $65,194 · Fundraising $0$65,194
Part X · Balance sheet $2,267,808 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $131,251$99,087
X-10c Land, buildings and equipment, netStart of year $2,168,721$2,168,721
X-16 Total assetsStart of year $2,299,972$2,267,808
X-26 Total liabilitiesStart of year $2,200,000$2,200,000
X-32 Total net assets or fund balancesStart of year $99,972$67,808
X-33 Total liabilities and net assetsStart of year $2,299,972$2,267,808
Part XI · Reconciliation of net assets $67,808 net assets at year end
XI-1 Total revenue−$2,588
XI-2 Total expenses$65,194
XI-3 Revenue less expenses−$67,782
XI-4 Net assets at start of year$99,972
XI-8 Prior period adjustments$35,618
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$67,808

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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