DR MARTIN LUTHER KING JR NEIGHBORHOOD FAMILY CENTER INC

EIN: 270435230 501(c)(3) Youth Development

CLEARWATER, FL

Total Revenue
$808,282
Total Expenses
$811,340
Total Assets
$345,082
Net Assets
$85,144
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
FL
Principal Officer
TERRY JONES
Phone
7272215288
Tax Period
2023-10-01 to 2024-09-30

DR MARTIN LUTHER KING JR NEIGHBORHOOD FAMILY CENTER INC, founded in 2009, is a small nonprofit in the Youth Development sector that reported $808K in total revenue in fiscal year 2023.

Mission

ENRICHING THE LIVES OF CHILDREN AND FAMILIES IN THE SPIRIT OF COMMUNITY BY PROVIDING ACCESS TO RESOURCES AND SUPPORT THAT HELP THEM ACHIEVE THEIR LIFE GOALS.

Program Service Accomplishments

Program 1
Expenses: $673,560

THE CENTER OPERATES THREE MAIN PROGRAM AREAS: YOUTH DEVELOPMENT SERVICES, FAMILY DEVELOPMENT SERVICES, AND COMMUNITY PARTNERSHIPS. 236 UNDUPLICATED CHILDREN RECEIVE AFTER SCHOOL CARE, TUTORING AND...

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THE CENTER OPERATES THREE MAIN PROGRAM AREAS: YOUTH DEVELOPMENT SERVICES, FAMILY DEVELOPMENT SERVICES, AND COMMUNITY PARTNERSHIPS. 236 UNDUPLICATED CHILDREN RECEIVE AFTER SCHOOL CARE, TUTORING AND OTHER ENRICHMENT ACTIVITIES TO INCREASE ACADEMIC AND SOCIAL SKILLS. THE CENTER ALSO SERVES ADULTS THROUGH EVENTS, CLASSES, WORKSHOPS AND ONE-TIME SERVICES (FAX, COPIES, NOTARIZATIONS, ETC). ADULTS/FAMILIES RECEIVE CASE MANAGEMENT AND REFERRAL SERVICES TO ACCESS BASIC NEEDS BASED ON AN AVERAGE ENGAGEMENT OF 6 MONTHS. THE AGENCY HAS DEVELOPED MANY PARTNERSHIPS WITH THE COMMUNITY'S LOCAL AGENCIES AND LOCAL GOVERNMENT TO PROVIDE A NETWORK OF SEAMLESS SERVICES TO OUR FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $808,282
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $808,282

Expense Breakdown

Grants Paid $37,544
Salaries & Benefits $462,786
Fundraising Expenses $12,026
Program Expenses $673,560
Other Expenses $311,010
TOTAL EXPENSES $811,340

Year-over-Year Comparison

2023 2022 Change
Revenue $808,282 $758,962 +0.1%
Expenses $811,340 $685,674 +0.2%
Net Income $-3,058 $73,288 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
14
Volunteers
64

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
3
$73,537
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA HARRIS PRESIDENT 4.00
Officer Director
$0 $0 $0
DARYL MOUNTAIN TREASURER 2.00
Officer Director
$0 $0 $0
KRISTY CORDOVA SECRETARY 2.00
Director
$0 $0 $0
FRANK NEWSOM DIRECTOR 2.00
Director
$0 $0 $0
TERRY JONES CEO 40.00
Officer
$72,068 $1,469 $73,537
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
2024 $808,282 $811,340 $345,082 $-3,058
2023 $758,962 $685,674 $542,720 $73,288
2022 $609,957 $590,573 $197,460 $19,384
2021 $565,723 $548,886 $173,466 $16,837
2020 $555,018 $552,440 $150,132 $2,578
2019 $598,755 $642,847 $138,209 $-44,092
2018 $544,753 $539,868 $54,020 $4,885
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