Civic Intelligence

Urban Development Corporation

EIN 36-3132762 • 501(c)3 • Chicago, IL

Profile

Providing housing and social services to low income, elderly, and disabled individuals

550 East 50th PlaceChicago, IL 60615
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.09x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.69x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

85th percentile

38%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

70th percentile

13%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

47th percentile

5.8%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$1,085,503

Up $403,090 (+59%) from 2023

Liabilities

Down

$2,264,145

Down $62,741 (-2.7%) from 2023

Net Assets

Up

-$1,178,642

Up $465,831 (+28%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin85th percentile

Revenue

Up

$1,336,903

Up $92,900 (+7.5%) from 2023

Expenses

Down

$822,232

Down $475,090 (-37%) from 2023

Net Income

Up

$514,671

Up $567,990 (+1065%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $417,916Liabilities 2010: $3,012,575Net Assets 2010: -$2,594,6592010Assets 2014: $1,737,177Liabilities 2014: $2,981,954Net Assets 2014: -$1,244,7772014Assets 2020: $1,136,010Liabilities 2020: $2,528,241Net Assets 2020: -$1,392,2312020Assets 2021: $1,100,528Liabilities 2021: $2,515,591Net Assets 2021: -$1,415,0632021Assets 2022: $857,106Liabilities 2022: $2,448,260Net Assets 2022: -$1,591,1542022Assets 2023: $682,413Liabilities 2023: $2,326,886Net Assets 2023: -$1,644,4732023Assets 2024: $1,085,503Liabilities 2024: $2,264,145Net Assets 2024: -$1,178,6422024

Highlighted filing

2024

Assets$1,085,503
Liabilities$2,264,145
Net Assets-$1,178,642
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $02010Revenue 2014: $52,064Expenses 2014: $55,110Net Income 2014: -$3,0462014Revenue 2020: $1,156,821Expenses 2020: $1,163,776Net Income 2020: -$6,9552020Revenue 2021: $1,187,696Expenses 2021: $1,210,528Net Income 2021: -$22,8322021Revenue 2022: $1,194,928Expenses 2022: $1,344,997Net Income 2022: -$150,0692022Revenue 2023: $1,244,003Expenses 2023: $1,297,322Net Income 2023: -$53,3192023Revenue 2024: $1,336,903Expenses 2024: $822,232Net Income 2024: $514,6712024

Highlighted filing

2024

Revenue$1,336,903
Expenses$822,232
Net Income$514,671
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,085,503
Liabilities
$2,264,145
Net assets
-$1,178,642
Revenue
$1,336,903
Expenses
$822,232
Net income
$514,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.09$2.26$1.18$1.34$0.82$0.51
2023Detailed filing. Detailed filing data is available for this year.$0.68$2.33$1.64$1.24$1.30$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.86$2.45$1.59$1.19$1.34$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.10$2.52$1.42$1.19$1.21$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.14$2.53$1.39$1.16$1.16$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.74$2.98$1.24$0.05$0.06$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$3.01$2.59$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$1,336,903
Mission and Program Overview

Mission

Proviing housing and social services to low income, elderly, and disabled individuals

Providing housing and social services to low income elderly and disabled individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$522,530$585,673▲ $63,143
Cash and Non-Interest-Bearing Accounts$2,043$139,153▲ $137,110
Pledges and Grants Receivable$10,438$137,958▲ $127,520
Receivables From Officers Etc-$51,516-
Prepaid Expenses and Deferred Charges-$26,887-
Total Assets$682,413$1,085,503▲ $403,090
Other Assets Total$147,402$144,316▼ $3,086
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,214,671$1,986,247▼ $228,424
Unsecured Notes Loans Payable-$153,039-
Accounts Payable and Accrued Expenses$69,019$75,506▲ $6,487
Other Liabilities$37,294$40,978▲ $3,684
Deferred Revenue$5,902$8,375▲ $2,473
Total Liabilities$2,326,886$2,264,145▼ $62,741
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,644,473$-1,178,642▲ $465,831
Total Net Assets Fund Balance$-1,644,473$-1,178,642▲ $465,831
Total Liabilities and Net Assets / Fund Balance$682,413$1,085,503▲ $403,090

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$527,390$3,759,180-
Land$58,283--
Equipment-$369,230-
Other Assets Org$264--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
C LytePresident
I BuchananDirector
B EleySecretary
E OrtizTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
WR Security Services IncSecurity Guard818 E 63rd Street 13b, Chicago, IL 60637$161,208
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,335,969
Investment Income
$0
Other Revenue
$934
Change in Net Assets
$514,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$641,088
Salaries, Compensation, and Employee Benefits$181,144
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$14,595$89,745-$104,340
Other Employee Benefits$76,804--$76,804
Occupancy$69,829--$69,829
Fees for Services Management-$43,159-$43,159
Office Expenses-$22,086-$22,086
Fees for Services Accounting-$16,050-$16,050
Other Expenses$19,594$15,398-$15,398
Total Functional Expenses$635,794$186,438$0$822,232
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$51,516-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to owner$17,184
Tenant security deposits$17,090
Right of use operating liability$3,171
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Pg 6 Part VI Section B. Policies, Line 11B

“Copy of the Form 990 is provided to all Board of Directors for review fo any changes or corrections before filing the return.”

Form 990 Pg 6, Part VI Section B Policies, Line 12C

“The organization has a written policy that requires all directors and key employees to disclose annually that could rise to conflict of interest.”

Form 990, Pg 6, Part VI Section B Policies Line 15A & 15B

“The compensation of all employees are performed through the budget process in which the Board of Directors approved the budget of salaries and wages, HUD approved the final budget.”

Form 990, Pg 6 Part VI, Section C Disclosure Line 18 & 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public based upon written request.”

Filing and Contact Details

Filer

Filer Name
Urban Development Corporation
EIN
36-3132762
Phone
7732688500
Address
550 East 50th Place, CHICAGO, IL 60615

Signing Officer

Name
Elizabeth Ortiz
Title
President
Phone
7732688500
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheryl Lyte
Formed
1980
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
5

Preparer

Firm
Alexander Mannie & Company P
Address
4749 Lincoln Mall Dr Suite 202, Chicago, IL 60443
Preparer
Reginald K Mannie
Phone
7088560324
Supplemental Narrative

Additional Explanations

Form 990 Part XI Reconcilation of Net Assets line 8

“Prior period adjustments-($48,840) represents adjustment to balance the beginning net assets.”

Raw XML Appendix392 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01072861
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01026674
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01002936
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0955347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0973043
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05030861
IRS990ScheduleA/TotalSupportAmt06080351
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0527390
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03759180
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt04286570
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0369230
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0369230
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt058283
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt058283
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt020295
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18681
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2111327
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3678
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt43071
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5264
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant security deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Escrow deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Residual receipts reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Operating lease right of use asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Organization expense
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017184
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13171
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217090
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to owner
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Right of use operating liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenant security deposits
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0585673
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0144316
IRS990ScheduleD/TotalLiabilityAmt037445
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt051516
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Health
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt051516
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0Board of Directors
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DOD
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt051516
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Copy of the Form 990 is provided to all Board of Directors for review fo any changes or corrections before filing the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has a written policy that requires all directors and key employees to disclose annually that could rise to conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The compensation of all employees are performed through the budget process in which the Board of Directors approved the budget of salaries and wages, HUD approved the final budget.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public based upon written request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior period adjustments-($48,840) represents adjustment to balance the beginning net assets.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 Pg 6 Part VI Section B. Policies, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 Pg 6, Part VI Section B Policies, Line 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Pg 6, Part VI Section B Policies Line 15a & 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Pg 6 Part VI, Section C Disclosure Line 18 & 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 Part XI Reconcilation of Net Assets line 8
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0682413
IRS990/TotalAssetsEOYAmt01085503
IRS990/TotalAssetsGrp/BOYAmt0682413
IRS990/TotalAssetsGrp/EOYAmt01085503
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0186438
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0635794
IRS990/TotalFunctionalExpensesGrp/TotalAmt0822232
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02326886
IRS990/TotalLiabilitiesEOYAmt02264145
IRS990/TotalLiabilitiesGrp/BOYAmt02326886
IRS990/TotalLiabilitiesGrp/EOYAmt02264145
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1644473
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1178642
IRS990/TotalProgramServiceExpensesAmt0822232
IRS990/TotalProgramServiceRevenueAmt01335969
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01336903
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01336903
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0682413
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01085503
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0153039
IRS990/USAddress/AddressLine1Txt0550 East 50th Place
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060615
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Elizabeth Ortiz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum07732688500
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Urban Development Corporation
ReturnHeader/Filer/BusinessNameControlTxt0URBA
ReturnHeader/Filer/EIN0363132762
ReturnHeader/Filer/PhoneNum07732688500
ReturnHeader/Filer/USAddress/AddressLine1Txt0550 East 50th Place
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060615
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0364433175
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alexander Mannie & Company P
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04749 Lincoln Mall Dr Suite 202
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chicago
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060443
ReturnHeader/PreparerPersonGrp/PhoneNum07088560324
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Reginald K Mannie
ReturnHeader/ReturnTs02025-11-17T20:34:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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