United Nations Development Corporation
|New York State public benefit corporation overview|
|Jurisdiction||Real estate within a defined area in the vicinity of U.N. headquarters in Manhattan|
|Headquarters||Two United Nations Plaza |
New York, NY 10017
|New York State public benefit corporation executive|
The United Nations Development Corporation (UNDC) is a New York State public-benefit corporation in the U.S. state of New York that helps the United Nations with its real estate, office space, and development needs. It was created in 1968. The UNDC is permitted to develop and operate real estate only within a prescribed area (the "Development District") in the vicinity of U.N. headquarters in Manhattan. The boundaries of the Development District and other powers of the Corporation are subject to change to the extent provided by additional legislation.
The UNDC has a 14-member board of directors. Its management team is headed by Executive Vice President and General Counsel Robert Cole, who reports to the board. In 2017, the UNDC had operating expenses of $28.05 million, an outstanding debt of $70.11 million, and a level of staffing of 12 people.
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- "Company Overview of United Nations Development Corporation". www.bloomberg.com. Retrieved December 5, 2018.
- "UNDC Mission Page". Retrieved November 6, 2018.
- "UNDC Board Page". Retrieved November 6, 2018.
- "UNDC Officers Page". Retrieved November 6, 2018.
- "NYSABO 2018 Report" (PDF). pp. 16, 29, 44. Retrieved November 6, 2018.
- "UNDC Plaza Info". Retrieved November 6, 2018.