UD Property Management Corporation
- Assets
- $5.5m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Irving, TX
- Founding
- Data as of
- 05/2017
- EIN
- 75-2563041
Organization Overview
UD Property Management Corporation is located in Irving, TX. UD Property Management Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2017, UD Property Management Corporation generated $2.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.9m during the year ending 05/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
UD PROPERTY MANAGEMENT PROVIDES HOUSING FOR STUDENTS OF THE UNIVERSITY OF DALLAS AS WELL AS HOUSING FOR LOW & MODERATE INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN, OPERATE, AND MANAGE AN APARTMENT COMPLEX NEAR THE UNIVERSITY OF DALLAS CAMPUS OF WHICH MORE THAN 50% OF THE HOUSING IS PROVIDED TO UNIVERSITY OF DALLAS STUDENTS. HOUSING IS ALSO PROVIDED TO LOW AND MODERATE INCOME INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark P Daly Vice President & Secretary | Officer | 1 | $0 |
John Plotts President & Treasurer | Officer | 1 | $0 |
Joseph O Neuhoff Jr Director | Trustee | 0.1 | $0 |
Robert M Galecke Director | Trustee | 0.1 | $0 |
Mary Manning Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pace Realty Corporation Property Management | 5/30/16 | $121,890 |
Service Response Team Inc Plumbing & Hvac Svc | 5/30/16 | $137,771 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,775,507 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $469,068 |
| Fees for services: Legal | $1,393 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,000 |
| Advertising and promotion | $59,364 |
| Office expenses | $164,573 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $237,174 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $430,141 |
| Insurance | $55,823 |
| All other expenses | $0 |
| Total functional expenses | $2,925,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,082,090 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,464,633 |
| Accounts payable and accrued expenses | $3,290,337 |
| Grants payable | $0 |
| Deferred revenue | $3,555 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,293,892 |
| Net assets without donor restrictions | $2,170,741 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,170,741 |
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