University Area Community Development Corporation Inc

What it reported doing in 2024

Harvest hope park: the university area cdc harvest hope park, located at 13704 n. 20th street, sits on 7-acres of land near the tampa campus of the university of south Florida. It is a vibrant, resident friendly green space in a neighborhood plagued with various kinds of brownfields and related redevelopment challenges. The park was built in four development phases and opened in november 2019. This urban oasis encourages family play, healthy eating, environmental sustainability, education, and community interaction and features a community garden, teaching kitchen, multi-purpose sports field, playground, outdoor fitness stations, walking trail and 2-acre freshwater fishpond for recreational fishing.university area campus: the mission of the university area campus is to serve as a navigational hub, connecting community residents and local businesses with anchored partners who are providing direct programing, services and economic growth opportunities through a holistic approach. This will allow for the expansion of services, and the creation of partnerships, to meet the growing need of our community. This will be done in four (4) phases that include the rehbilitation of a two office duplex, the renovation of a warehouse for programing and services, the contrsuction of a 12,000 sq. Feet economic development center and housing. When developing initial plans for the university area campus, we held numerous community conversations and conducted surveys to gather resident input regarding elements the initiative should include. We listened to those we serve and established an equitable development framework for success. Components of the campus will include social services, economic & small business development, health & wellness opportunities, critical housing needs and more.harvest hope community garden: the university area cdc harvest hope community garden is a catalyst for transformational change because it affords area residents, young and old, the opportunity to (1) improve their physical health through exercise and access to home-grown healthy food; (2) participate in hands-on gardening education and cooking classes (3) improve their mental well-being by communing with nature; and (4) learn eco-friendly ways to sustain their personal community well as the community at large. The primary benefits for community garden program participants and for residents of university area at large include increased access to healthy food and continued education or enhancement of skills related to plants, sustainability, and eco-systems. These benefits are immensely important for this community where poverty, lack of education, health disparities, and social determinants have severely impacted the physical, mental, and emotional health of many of its residents. Attainable housing: uacdc has multiple attainable housing initiatives aimed at restoring and maintaining affordable housing stocks. The median income resident in tampa bay is being forced out of the market by housing costs that are simply unaffordable. Uacdc currently owns and operates two apartment complexes comprising a total of 42 units. These units are all between 30 to 50 percent below market value. In partnership with blue sky communities uacdc operates uptown sky, a 61-unit apartment complex serving families below 70% of the area median income, with set asides for families earning 50% and 60% of ami as well. Uptown sky will have uacdc supportive programing on the 1st floor of the building.rehab to restore hope is a new initiative for acquisition and rehabilitation of existing rental properties from duplexes to small apartment communities. Uacdc purchases, repairs and remodels the properties and rents the units to individuals and families below 80% of the ami. The first purchase under this initiative is a duplex that has been remodeled and is being rented to two veterans.get moving! Mind, body & soul: the university area cdc's get moving! Program is a comprehensive wellness initia

Financial Efficiency

• Mission deployment rate: 89.4%; rating input score 89
• Program expense ratio: 86.1%; rating input score 86
• Fundraising efficiency: $19.67 raised per $1 spent on fundraising; rating input score 59; 59th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 43rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -41.3%; rating input score 3; 3rd percentile among comparable filings
• Total-asset coverage ratio: 1.79; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0.3; rating input score 34; 34th percentile among comparable filings
• Officer compensation ratio: 11.3%; rating input score 26; 26th percentile among comparable filings

Growth

• Program expense growth: 0.1% per year; rating input score 100; 14th percentile among comparable filings
• Revenue growth: -2.6% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: 3.4% per year; rating input score 100; 26th percentile among comparable filings