HUB for Urban Initiatives (EIN 342012803) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Phone

2134466700

Tax Period

2023-07-01 to 2024-06-30

HUB for Urban Initiatives, founded in 1996, is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $502K exceeded revenue, resulting in a 268% operating deficit.

Mission

The HUB for Urban Initiatives is presently engaged in expanding its work with public and private partners to begin developing, owning, operating and managing affordable housing complexes to serve not only low and middle-class households, but also special needs populations.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,700

Program Service Revenue $0

Investment Income $114,871

Other Revenue $0

TOTAL REVENUE $136,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $365,654

Fundraising Expenses $6,979

Program Expenses $425,868

Other Expenses $136,830

TOTAL EXPENSES $502,484

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,571	$3,136,788	-1.0%
Expenses	$502,484	$760,506	-0.3%
Net Income	$-365,913	$2,376,282	-1.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$185,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Colletti	CEO	40.00	Officer	$185,000	$0	$185,000
Mike Stein	President	2.00	Officer	$0	$0	$0
Sandi Romero	Secretary	2.00	Officer	$0	$0	$0
Rick Andrews	Treasurer	2.00	Officer	$0	$0	$0

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	$136,571	$502,484	$4,163,910	$-365,913
2023	$3,136,788	$760,506	$4,537,613	$2,376,282
2022	$19,642	$445,672	$2,167,231	$-426,030
2021	$465,943	$407,724	$2,574,636	$58,219
2020	$156,673	$557,824	$2,873,570	$-401,151

HUB for Urban Initiatives