HILLABEE TOWERS INC

EIN: 630811078 501(c)(3) Housing & Shelter

ALEXANDER CITY, AL

Total Revenue
$1,138,588
Total Expenses
$1,285,204
Total Assets
$2,005,548
Net Assets
$-756,588
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
AL
Principal Officer
ALLEN BAKER
Phone
2059331020
Tax Period
2023-10-01 to 2024-09-30

HILLABEE TOWERS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2019.

Mission

TO PROVIDE LOW-INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,131,938
Investment Income $6,650
Other Revenue $0
TOTAL REVENUE $1,138,588

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,224,943
Other Expenses $1,285,204
TOTAL EXPENSES $1,285,204

Year-over-Year Comparison

2023 2022 Change
Revenue $1,138,588 $1,075,626 +0.1%
Expenses $1,285,204 $1,175,963 +0.1%
Net Income $-146,616 $-100,337 +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 Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALLEN BAKER BOARD MEMBER 0.00
Director
$0 $0 $0
WILSON GONCE PRSIDENT 0.00
Director
$0 $0 $0
MIKE KELLY VICE PRESIDENT 0.00
Director
$0 $0 $0
JAMES CULLINS SECRETARY 0.00
Director
$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 $1,138,588 $1,285,204 $2,005,548 $-146,616
2023 $1,075,626 $1,175,963 $2,156,141 $-100,337
2022 $1,057,087 $1,175,844 $2,268,853 $-118,757
2021 $999,935 $1,063,779 $2,381,795 $-63,844
2020 $1,016,475 $991,102 $2,542,690 $25,373
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