JESSE COSBY NEIGHBORHOOD CENTER INC

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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

1966

Legal Domicile

Principal Officer

DEBRA HODGES-HARMON

Phone

3192341793

Tax Period

2024-07-01 to 2025-06-30

JESSE COSBY NEIGHBORHOOD CENTER INC, founded in 1966, is a small nonprofit in the Human Services sector that reported $317K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO KEEPING AND ENHANCING THE QUALITY OF LIFE FOR ITS NEIGHBORHOOD FAMILIES THROUGH SERVICES, STEWARDSHIP OF RESOURCES AND SHARED RESPONSIBILITY.

Program Service Accomplishments

Program 1

Expenses: $182,351

THE SENIOR CENTER PROGRAM PROVIDES A VARIETY OF PROGRAMS TO SENIOR CITIZENS, INCLUDING WEEKLY EXERCISE CLASSES AND CONGREGATE MEALS, TECHNOLOGY CLASSES, BINGO, KARAOKE, AND OTHER GROUP ACTIVITIES...

THE SENIOR CENTER PROGRAM PROVIDES A VARIETY OF PROGRAMS TO SENIOR CITIZENS, INCLUDING WEEKLY EXERCISE CLASSES AND CONGREGATE MEALS, TECHNOLOGY CLASSES, BINGO, KARAOKE, AND OTHER GROUP ACTIVITIES, COMMUNITY OUTINGS, MEDICATION SAFETY PROGRAMS, AND MEDICARE/MEDICAID UPDATES. DURING THE YEAR ENDED JUNE 30, 2025, MEALS WERE SERVED TO 3,500 SENIORS.

Program 2

Expenses: $119,973

THE CRISIS MANAGEMENT PROGRAMS PROVIDED ENERGY AND RENT ASSISTANCE FOR NEEDY MEMBERS AS WELL AS OTHER OUTREACH PROGRAMS AND SERVICES. DURING THE YEAR ENDED JUNE 30, 2025 CRISIS MANAGEMENT SERVICES...

THE CRISIS MANAGEMENT PROGRAMS PROVIDED ENERGY AND RENT ASSISTANCE FOR NEEDY MEMBERS AS WELL AS OTHER OUTREACH PROGRAMS AND SERVICES. DURING THE YEAR ENDED JUNE 30, 2025 CRISIS MANAGEMENT SERVICES PROCESSED 978 APPLICATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $314,498

Program Service Revenue $0

Investment Income $0

Other Revenue $2,447

TOTAL REVENUE $316,945

Expense Breakdown

Grants Paid $14,821

Salaries & Benefits $194,359

Fundraising Expenses $32,299

Program Expenses $302,324

Other Expenses $186,266

TOTAL EXPENSES $395,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,945	$419,155	-0.2%
Expenses	$395,446	$383,986	+0.0%
Net Income	$-78,501	$35,169	-3.2%

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

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

$62,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEVERLY COSBY	PRESIDENT	0.30	Officer Director	$0	$0	$0
SAUL AUSTIN	TREASURER	0.30	Officer Director	$0	$0	$0
ANN CLAYTON MCINTOSH	SECRETARY	0.30	Officer Director	$0	$0	$0
DAN HOLM JR	DIRECTOR	0.30	Director	$0	$0	$0
REV CHARLES LANE	DIRECTOR	0.30	Director	$0	$0	$0
PASTOR CHAD EDWARDS	DIRECTOR	0.30	Director	$0	$0	$0
HERSTINE FERGUSON	DIRECTOR	0.30	Director	$0	$0	$0
CAROLINE LOVELESS	DIRECTOR	0.30	Director	$0	$0	$0
CHARLES A WRIGHT	INTERIM PRESIDENT	0.30	Officer Director	$0	$0	$0
SHERITA JENKINS	DIRECTOR	0.30	Director	$0	$0	$0
SHERRI JONES	DIRECTOR	0.30	Director	$0	$0	$0
REV CHARLES DANIEL	DIRECTOR	0.30	Director	$0	$0	$0
REV CORY HOLMES	DIRECTOR	0.30	Director	$0	$0	$0
BONITA CUNNINGHAM	DIRECTOR	0.30	Director	$0	$0	$0
TERRI SMITH	DIRECTOR	0.30	Director	$0	$0	$0
GINGER SHIRLEY	DIRECTOR (END AUG 2024)	0.30	Director	$0	$0	$0
JENNIFER ONUIGBO	DIRECTOR (END DEC 2024)	0.30	Director	$0	$0	$0
DEBRA HODGES-HARMON	EXECUTIVE DIRECTOR	40.00	Officer	$62,315	$0	$62,315

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	$316,945	$395,446	$215,012	$-78,501
2024	No data	No data	No data	No data
2023	$542,687	$528,891	$253,089	$13,796
2022	$396,441	$447,240	$148,296	$-50,799
2021	$575,336	$498,928	$270,503	$76,408
2020	$490,051	$480,641	$90,875	$9,410
2019	$470,375	$443,562	$81,495	$26,813
2018	$541,291	$546,055	$57,712	$-4,764