Uc Independent INC

Tax-deductible

Hayward, CA501(c)(3)Since 2001HousingEIN 91-2159213Revenue $478K in FY2024

On file with the IRSedenhousing.org22645 Grand St, 94541-5031 · Hayward, CATax-exempt since Jun 2002Publicly supported — 509(a)(2)

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To provide affordable income housing for elderly and disabled persons

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
0 of 5
filings with a surplus
Average deficit $244K a year · 64% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
95% of total assets
Concern: liabilities are 95% of assets; over 80%.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$478K
+14% vs prior year
Spent
$678K
To programs
90%
Net assets
$195K
By yearFY2020–FY2024
Revenue
$478K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$326K
FY2021$448K
FY2022$349K
FY2023$374K
FY2024$419K
FY2024$478K
Expenses
$678K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$529K
FY2021$592K
FY2022$656K
FY2023$692K
FY2024$666K
FY2024$678K
Net assets
$195K
FY2024▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$960K
FY2023$643K
FY2024$395K
FY2024$195K

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 Jun 2002.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $611K Management & general 10% · $67K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chair/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Uc Independent 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 15aNo

Programs and updates

Provides affordable housing for elderly and disabled individuals.

Questions for Uc Independent INC

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Provided by the organization

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1 program · $611K · in their own filed words · FY2024
01

The corporation was organized to develop and operate an apartment complex consisting of 40 rental units for the elderly in union city, california under section 202 of the national housing act of 1959. This project is regulated by hud as to rent charges and operating methods.

$611Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$478K
Ln 12
Gifts and grantsLn 1h$303K
Fees for servicesLn 2g$171K
Other incomeLn 4–11$2K
Money outPt IX
$678K
Ln 25
Programscol B$611K
Managementcol C$67K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$6K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$303K
Government grantsLn 1e$303K
Fees for servicesLn 2g$171K
Investment incomeLn 3$1K
Other incomeLn 4–11$2K
Total revenueLn 12$478K
Assets in detailPt X, end of year
CashLn 1$6K
Cash and savings togetherLn 1–2$6K
Land, buildings, equipmentLn 10c$3.7M
Other assetsLn 15$79K
Total assetsLn 16$3.8M
LiabilitiesLn 26$3.6M
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
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$10K$6K
Land, buildings, equipmentLn 10c$3.8M$3.7M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$3.5M$3.6M
Net assetsLn 32$395K$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$39K$39K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$94K$94K
Office expensesLn 13$29K$29K
OccupancyLn 16$302K$302K
Conferences, conventions and meetingsLn 19$757$757
Depreciation, depletion and amortizationLn 22$170K$170K
Other expenses (24a–d)Ln 24$26K$14K$12K
Total functional expensesLn 25$678K$611K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $419K$666K−$247K$395K 990 PDF
FY2023 $374K$692K−$317K$643K 990 PDF
FY2022 $349K$656K−$307K$960K 990 PDF
FY2021 $448K$592K−$143K$1.3M 990 PDF
FY2020 $326K$529K−$203K$1.4M 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 FY2024 990 (6 parts)
Part I · Summary $478,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $252,043$303,383
I-9 Program service revenuePrior year $163,222$171,168
I-10 Investment incomePrior year $1,147$1,334
I-11 Other revenuePrior year $2,391$2,240
I-12 Total revenuePrior year $418,803$478,125
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $666,155$678,496
I-18 Total expensesPrior year $666,155$678,496
I-19 Revenue less expensesPrior year −$247,352−$200,371
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $478,125 across 6 lines filed
Lines not itemized here account for $223 of total revenue; see the IRS return.
VIII-1e Government grants$303,383
VIII-1h Total contributions, gifts and grants$303,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $171,168$171,168
VIII-3 Investment incomeExcluded from tax $1,334$1,334
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,017$2,017
VIII-12 Total revenueRelated to mission $173,408 · Unrelated business $0 · Excluded from tax $1,334$478,125
Part IX · Statement of functional expenses $678,496 across 8 lines filed
IX-11a Management feesManagement $38,880$38,880
IX-11c Accounting feesManagement $16,311$16,311
IX-11g Other fees for servicesPrograms $94,476$94,476
IX-13 Office expensesPrograms $29,091$29,091
IX-16 OccupancyPrograms $302,464$302,464
IX-19 Conferences, conventions and meetingsPrograms $757$757
IX-22 Depreciation, depletion and amortizationPrograms $170,338$170,338
IX-24 Other expenses (24a–d)Programs $14,365 · Management $11,814$26,179
IX-25 Total functional expensesPrograms $611,491 · Management $67,005 · Fundraising $0$678,496
Part X · Balance sheet $3,797,065 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $9,906$6,184
X-4 Accounts receivableStart of year $348$2,525
X-9 Prepaid expenses and deferred chargesStart of year $14,919$18,715
X-10c Land, buildings and equipment, netStart of year $3,833,250$3,690,643
X-15 Other assetsStart of year $63,115$78,998
X-16 Total assetsStart of year $3,921,538$3,797,065
X-17 Accounts payable and accrued expensesStart of year $40,059$37,233
X-19 Deferred revenueStart of year $700$2,665
X-25 Other liabilitiesStart of year $89,706$100,478
X-26 Total liabilitiesStart of year $3,526,094$3,601,992
X-27 Net assets without donor restrictionsStart of year $395,444$195,073
X-32 Total net assets or fund balancesStart of year $395,444$195,073
X-33 Total liabilities and net assetsStart of year $3,921,538$3,797,065
Part XI · Reconciliation of net assets $195,073 net assets at year end
XI-1 Total revenue$478,125
XI-2 Total expenses$678,496
XI-3 Revenue less expenses−$200,371
XI-4 Net assets at start of year$395,444
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$195,073

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

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