Nonprofit · EIN 20-0187700
UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION
Tax-exempt · MEMPHIS, TN 38111
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $62,431 | $104,749 | -$42,318 | $1,480 | $0 | $1,480 |
| December 31, 2023 | 990 | $136,574 | $128,574 | $8,000 | $43,798 | $0 | $43,798 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $62,181
- of which government grants
- $61,181
- Program service revenue
- $0
- Investment income
- $250
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,630
- Occupancy
- $10,298
- Program services (functional)
- $101,532
- Management and general (functional)
- $3,217
Balance sheet and other
- Total assets, start of year
- $43,798
- Total assets, end of year
- $1,480
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,480
- Gross receipts
- $62,431
- Employees
- 0
- Volunteers
- 14
- Year formed
- 2003
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KEENEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATTHEW PRINCE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| CECIL HUMPHREYS JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| ZACH TERHUNE | TREASURER Trustee or director, Officer | 1 | $0 |
| RENE BUSTAMANTE | DIRECTOR Trustee or director | 1 | $0 |
| GREG DOTSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUGLAS EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA GALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
| JOSH HAMMOND | DIRECTOR Trustee or director | 1 | $0 |
| TOM HAYES | DIRECTOR Trustee or director | 1 | $0 |
| HENRY MINOR | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL SCHAFFZIN | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN STARLING | DIRECTOR Trustee or director | 1 | $0 |
| CODY FLETCHER | EXECUTIVE DIRECTOR Officer | 5 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL KEENEY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MATTHEW PRINCE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| ZACH TERHUNE | TREASURER Trustee or director, Officer | 1 | $0 |
| CECIL HUMPHREYS JR | SECRETARY Trustee or director, Officer | 1 | $0 |
| RENE BUSTAMANTE | DIRECTOR Trustee or director | 1 | $0 |
| GREG DOTSON | DIRECTOR Trustee or director | 1 | $0 |
| DOUGLAS EDWARDS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT FLEMING | DIRECTOR Trustee or director | 1 | $0 |
| MELISSA GALLOWAY | DIRECTOR Trustee or director | 1 | $0 |
| JOSH HAMMOND | DIRECTOR Trustee or director | 1 | $0 |
| TOM HAYES | DIRECTOR Trustee or director | 1 | $0 |
| AMELIA MAYAHI | DIRECTOR Trustee or director | 1 | $0 |
| HENRY MINOR | DIRECTOR Trustee or director | 1 | $0 |
| DANIEL SHAFFZIN | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN STARLING | DIRECTOR Trustee or director | 1 | $0 |
| CODY FLETCHER | EXECUTIVE DIRECTOR Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 578 S HIGHLAND ST, MEMPHIS, TN 38111-4346
- In care of
- % PETER MOON
- Mailing address (990-N for 2015)
- 3547 WALKER AVENUE, MEMPHIS TN 38111
- Principal officer (990 for 2024)
- ZACH TERHUNE, 578 S HIGHLAND ST, MEMPHIS, TN 381114346
- Principal officer (990-N for 2015)
- RUTH CARR, 3547 WALKER AVENUE, MEMPHIS TN 38111
- Signed the 990
- ZACH TERHUNE, TREASURER
- Phone
- (901) 766-4223
- Website
- WWW.UNDCMEMPHIS.ORG
- Return prepared by
- REYNOLDS BONE & GRIESBECK PLC
Mission
SEE SCHEDULE O
Program accomplishments
- THE UNDC PARTNERED WITH ARCHITECTS AND THE CITY OF MEMPHIS TO CREATE A TAX INCREMENT FINANCE (TIF) DISTRICT AROUND THE UNIVERSITY OF MEMPHIS AREA. THE PROJECT WOULD PROMOTE STUDENT WALKABILITY, ENGAGE STUDENTS IN COMMUNITY LIFE, AND RETAIN TALENT IN MEMPHIS. IN ADDITION, THE PROJECT WOULD ATTRACT NEW BUSINESS TO THE AREA AND INCREASE PROPERTY VALUES.Expenses $101,532 · revenue $61,181
- THE UNDC PARNTERED WITH HOSPITALITY HUB TO EXPAND THE WORK LOCAL PROGRAM. THE PROGRAM IS DESIGNED TO IMPROVE THE COMMUNITY THROUGH JOB ACCESS AND BLIGHT REDUCTION. WORKERS ARE PROVIDED WITH A DAY'S WAGES, A MEAL, AND ADDITIONAL SERVICES & COUNSELING AS NEEDED.
- THE UNDC PROVIDES GRANTS TO MEMPHIS AREA ORGANIZATIONS THAT SUPPORT A SIMILAR MISSION TO BUILD A THRIVING CAMPUS AND COMMUNITY ENVIRONMENT, FREE OF LITTER AND BLIGHT.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0187700
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,480
- Income (IRS master file)
- $62,431
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $62,431 | $104,749 | $1,480 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $136,574 | $128,574 | $43,798 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $75,074 | $63,247 | $35,798 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: RUTH CARR | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0187700).
Questions about UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION
- What is the EIN of UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION is 20-0187700.
- Is UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names ZACH TERHUNE.
- Who are the officers and directors of UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does UNIVERSITY NEIGHBORHOODS DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $62,431, expenses of $104,749 and total assets of $1,480 at year end.
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All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building