Urban Neighborhood Development Corp

Nonprofit profile at a glance

EIN
341301009
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Akron, OH, USA
Phone
3303752696
Rating confidence
Limited

Official website

Reported finances

Revenue
$51,279
Expenses
$16,930
Assets
$280,927
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • TONY CRASI (TRUSTEE)
  • DAVID HONIG (CHAIR)
  • JENNIFER RODGERS (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Revitalize and improve the inner city and encourage private home investment as well as stabilize or even help increase the property values of the neighborhoods we build in.

What it reported doing in 2025

The Urban Neighborhood Development Corporation (UNDC) is a non-profit corporation administered by the Department of Planning & Urban Development of the City of Akron, Ohio which contracts and oversees the construction of new, single-family homes on scattered sites around the city. The objective is to promote revitalization of urban neighborhoods through new private market housing for moderate, and middle-income families. UNDC builds new homes on lots where dilapidated structures have been demolished, returning previously blighted neighborhoods to a stabilized new housing market area. The new homes are generally priced at market value. Each new home features at least 3 bedrooms, 1-1/2 baths, living room, family room, and a 2-car garage. Community Development funds are used for UNDC houses sold to low and moderate income families. UNDC also utilizes available grants and neighborhood stabilization program funds to build new housing with buyer assistance. Since inception, UNDC has built over 400 new homes.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 90
  • Accountability: 82
  • Sustainability: 81
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 69.1%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 67%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 16.59; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -22.5% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -16.7% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: -6.9% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 69.1% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: 2 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.