HILLSBOROUGH STREET COMMUNITY SERVI

EIN: 270305305 501(c)(3) Community Improvement

RALEIGH, NC

Total Revenue
$1,782,318
Total Expenses
$1,712,842
Total Assets
$2,427,502
Net Assets
$1,249,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
Principal Officer
JEFFREY MURISON
Phone
9198000135
Tax Period
2024-07-01 to 2025-06-30

HILLSBOROUGH STREET COMMUNITY SERVI, founded in 2010, is a community nonprofit in the Community Improvement sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 4% surplus.

Mission

THE CORPORATION'S MISSION IS TO MAKE THE HILLSBOROUGH STREET COMMUNITY A DISTINCT DESTINATION IN RALEIGH BY PROVIDING SERVICES AND PROGRAMS THAT IMPROVE THE ECONOMIC SUSTAINABILITY OF THE BUSINESSES AND INCREASE THE MARKET VALUE OF THE PROPERTIES WITHIN THE TERRITORY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $235,800
Program Service Revenue $1,435,437
Investment Income $19,081
Other Revenue $92,000
TOTAL REVENUE $1,782,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $542,462
Fundraising Expenses $30,685
Program Expenses $1,340,898
Other Expenses $1,170,380
TOTAL EXPENSES $1,712,842

Year-over-Year Comparison

2024 2023 Change
Revenue $1,782,318 $1,539,042 +0.2%
Expenses $1,712,842 $1,493,538 +0.1%
Net Income $69,476 $45,504 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
7
Volunteers
100

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$155,502
Total Directors
18
$155,502
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN FOLCKEMER CHAIR 1.00
Officer Director
$0 $0 $0
TODD CHRISCOE VICE CHAIR 1.00
Officer Director
$0 $0 $0
EDIE DECK TREASURER 1.00
Officer Director
$0 $0 $0
JUSTINE HOLLINGSHEAD SECRETARY 1.00
Officer Director
$0 $0 $0
VICTORIA EATON BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY FARIES BOARD MEMBER 1.00
Director
$0 $0 $0
ALICIA KNIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
CAMERON LAWS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER MANESS BOARD MEMBER 1.00
Director
$0 $0 $0
SARA PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
LISE SHERLIN BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE O'KANE BOARD MEMBER 1.00
Director
$0 $0 $0
ZACK TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
JOE WOO BOARD MEMBER 1.00
Director
$0 $0 $0
JON CARTER BOARD MEMBER 1.00
Director
$0 $0 $0
BLYTHE JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
JEFF MURISON EXECUTIVE DIRECTOR 40.00
Officer Director
$137,968 $17,534 $155,502
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,782,318 $1,712,842 $2,427,502 $69,476
2024 $1,539,042 $1,493,538 $2,390,039 $45,504
2023 $1,508,861 $1,338,650 $1,171,337 $170,211
2022 $1,118,324 $1,071,078 $984,145 $47,246
2021 $1,065,693 $885,172 $938,393 $180,521
2020 $1,042,155 $907,311 $756,276 $134,844
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