Ucc Iii Inc

Ucc Iii Inc is a United States-based nonprofit organization categorized under the National Taxonomy of Exempt Entities (NTEE) as a provider of senior citizens' housing and retirement communities. Donations to this organization are tax deductible, indicating its status as a 501(c)(3) organization, though specific details about its 501(c)(3) status are not available in the provided information.

Type of Nonprofit

Ucc Iii Inc operates primarily for religious, educational, charitable, or similar exempt purposes. It is focused on housing and shelter services for senior citizens, providing retirement communities. This aligns with the broader mission of serving vulnerable populations.

Financial Overview

As reported in its financial disclosures, Ucc Iii Inc derives a significant portion of its revenue from contributions and program services. For example, in a fiscal year ending December 2016, contributions accounted for 62.5% of its total revenue, while program services accounted for 36.4%[1]. Its financial structure includes assets and liabilities, with total assets reported at $781,468 and total liabilities at $2,020,488 during the same period[1].

Governance and Leadership

Key leadership positions within Ucc Iii Inc include a President, Vice President, Assistant Vice President, and Secretary/Treasurer. Although no direct compensation is reported for these roles, significant "other" income is associated with certain officers, indicating potential indirect benefits or compensation arrangements[1].

Purpose and Impact

While specific details about its mission or projects are not available, Ucc Iii Inc contributes to the ongoing need for senior housing and community support. Organizations like Ucc Iii Inc play a crucial role in providing essential services to elderly populations, addressing issues of isolation and healthcare accessibility.

Tax Deductibility

As a registered nonprofit, Ucc Iii Inc offers donors the opportunity to make tax-deductible contributions, which supports its operational sustainability and growth[1]. This status helps in attracting donations from individuals and institutions seeking to support charitable causes.

[1] https://projects.propublica.org/nonprofits/organizations/341789226 [2] https://www.wolterskluwer.com/en/expert-insights/ucc-basics-ucc3s [3] https://www.wolterskluwer.com/en/expert-insights/what-you-need-to-know-about-common-uniform-commercial-code-forms [4] https://www.irs.gov/charities-non-profits/charitable-organizations/exemption-requirements-501c3-organizations [5] https://www.irs.gov/charities-non-profits/charitable-organizations