Skip to content
Nonprofiteer
← NEW URBAN COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2025

Filed by NEW URBAN COMMUNITY DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$163,575
Total expenses
$195,029
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$163,551
Investment income
$24
Other revenue
$0
Total assets, end of year
$1,116,759
Total liabilities, end of year
$2,249,283
Net assets or fund balances, end of year
-$1,132,524
Program services expenses (Part IX)
$162,273
Management and general expenses
$32,756
Fundraising expenses
$0
Program service expenses (Part III)
$162,273

Program services were 83.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Townhouse Rental Income

    total $163,551 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $24 · unrelated business $0 · excluded $24

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $790 · program services $0 · management and general $790 · fundraising $0

  • 11c · Fees: accounting

    total $5,075 · program services $0 · management and general $5,075 · fundraising $0

  • 13 · Office expenses

    total $6 · program services $0 · management and general $6 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $69,509 · program services $69,509 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $44,351 · program services $31,294 · management and general $13,057 · fundraising $0

  • 24a · Other expenses: Repairs & Maintenance

    total $51,541 · program services $51,541 · management and general $0 · fundraising $0

  • 24b · Other expenses: Utilities

    total $9,759 · program services $9,759 · management and general $0 · fundraising $0

  • 24c · Other expenses: Management Fees

    total $11,731 · program services $0 · management and general $11,731 · fundraising $0

  • 24d · Other expenses: Other

    total $1,848 · program services $170 · management and general $1,678 · fundraising $0

  • 24e · All other expenses

    total $419 · program services $0 · management and general $419 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $142,314 · end of year $190,617

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,046 · end of year $14,386

  • 10a · Land, buildings and equipment: cost or other basis

    $1,971,967

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,060,211

  • 10c · Land, buildings and equipment, net

    beginning of year $981,265 · end of year $911,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $958 · end of year $1,748

  • 19 · Deferred revenue

    beginning of year $857

  • 23 · Secured mortgages and notes payable

    beginning of year $2,227,175 · end of year $2,227,175

  • 25 · Other liabilities

    beginning of year $17,705 · end of year $20,360

  • 27 · Net assets without donor restrictions

    beginning of year -$1,101,070 · end of year -$1,132,524

Mission and programs · 2025

Mission

Develop and rehabilitate housing for low- and moderate-income families in areas affected by underprivileged or underserved conditions. Additionally, the Organization aims to provide essential infrastructure to help beneficiaries achieve self-reliance.

  • Develop and rehabilitate housing for low- and moderate-income families in areas affected by underprivileged or underserved conditions. Additionally, the Organization aims to provide essential infrastructure to help beneficiaries achieve self-reliance.

    Expenses $162,273 · Revenue $163,551

As filed on the 2025 return.

Listed in Part VII

  • Patrick Franklin

    CEO

    Total calculated
    $228,943
    From this org
    $0
    From related orgs
    $180,654
    Other
    $48,289
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $173,654 related
    Bonus
    $0 + $7,000 related
    Other
    $0
    Deferred
    $0 + $11,610 related
    Nontaxable benefits
    $0 + $36,679 related
    Filer's total
    $0 + $228,943 related

  • Marlon White

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Thais Sullivan

    Secretary

    Total calculated
    $0
    Hours/week
    0

  • Vince Larkin

    Board member

    Total calculated
    $0
    Hours/week
    0

  • Bobby Powell

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Bev Morrison

    Board Member

    Total calculated
    $0
    Hours/week
    0

  • Edith Bush

    Board Member

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
18 March 2026
IRS schema version
2025v4.1
Source object
202620929349300927

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.