HUB COMMUNITY DEVELOPMENT CORPORAT… - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

BISHOP VAN MOODY

Phone

2054511750

Tax Period

2023-01-01 to 2023-12-31

HUB COMMUNITY DEVELOPMENT CORPORATION, founded in 2011, is a small nonprofit in the Religion sector that reported $352K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $826K exceeded revenue, resulting in a 135% operating deficit.

Mission

TO CREATE OPPORTUNITIES FOR RESIDENTS, BUSINESSES, AND GOVERNMENT REPRESENTATIVES TO WORK TOGETHER UTILIZING COMPREHENSIVE COMMUNITY DEVELOPMENT STRATEGIES, DEVELOP DYNAMIC NEIGHBORHOODS, REVITALIZE COMMUNITIES, AND IMPROVE THE QUALITY OF LIFE FOR THE RESIDENTS IN OUR SERVICE AREA, JEFFERSON COUNTY, ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $285,068

HUB COMMUNITY PROVIDES AN OUTREACH PROGRAM OFFERING NUMBEROUS SERVICES FROM HEALTH CARE, FOOD, AND OTHER VIABLE ITEMS TO LOW INCOME AND HOMELESS FAMILIES/ INDIVIDUALS. SPECIFIC SERVICES INCLUDE A...

HUB COMMUNITY PROVIDES AN OUTREACH PROGRAM OFFERING NUMBEROUS SERVICES FROM HEALTH CARE, FOOD, AND OTHER VIABLE ITEMS TO LOW INCOME AND HOMELESS FAMILIES/ INDIVIDUALS. SPECIFIC SERVICES INCLUDE A FOOD PANTRY, HOMELESSNESS SERVICES, FINANCIAL EDUCATION AND COUNSELING, HOMEBUYER EDUCATION, VETERANS RENTAL AND UTILITY ASSITANCE AND HOUSING COUNSELING.

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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 $292,853

Program Service Revenue $0

Investment Income $0

Other Revenue $59,090

TOTAL REVENUE $351,943

Expense Breakdown

Grants Paid $31,157

Salaries & Benefits $79,668

Fundraising Expenses $0

Program Expenses $285,068

Other Expenses $715,666

TOTAL EXPENSES $826,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$351,943	$525,625	-0.3%
Expenses	$826,491	$831,490	0.0%
Net Income	$-474,548	$-305,865	+0.6%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP VAN MOODY	CHAIR	2.00	Officer Director	$0	$0	$0
ART FRANKLIN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
ALESIA JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
NATALIE WOODALL	TREASURER	2.00	Officer Director	$0	$0	$0
FOSTER WARE	BOARD MEMBER	2.00	Director	$0	$0	$0
ALFRED PERKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
RUBEN MORRIS	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE RAYBORN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRANDON PETTAGRUE	BOARD MEMBER	2.00	Director	$0	$0	$0
PAMELIA HARRIS	EXECUTIVE DIRECTOR	2.00	Officer	$30,000	$0	$30,000

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
2023	$351,943	$826,491	$4,148,626	$-474,548
2022	$525,625	$831,490	$4,165,140	$-305,865
2020	$341,200	$51,663	$299,709	$289,537

HUB COMMUNITY DEVELOPMENT CORPORATION