Community of Change Inc

EIN: 812315327 501(c)(3) Human Services

Portsmouth, VA

Total Revenue
$911,948
Total Expenses
$684,631
Total Assets
$412,994
Net Assets
$409,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Lateacia Sessoms
Phone
7577382106
Tax Period
2024-01-01 to 2024-12-31

Community of Change Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $912K in total revenue in fiscal year 2024. Revenue surged 319% from the prior year, signaling strong growth momentum. The organization ran a surplus of $227K, a strong 25% operating margin.

Mission

Community of Change is a nonprofit organization that was created in 2016 with the intention of enhancing wellness, extending kindness, and facilitating healing within our community. Also provide culturally competent, holistic, and wellness focused services.

Program Service Accomplishments

Program 1
Expenses: $21,277 Revenue: $14,195

Portsmouth Pride Fest is an inaugural community festival celebrating the LGBT community in Portsmouth Pride Fest is an inaugural community festival celebrating the LGBT community in Portsmouth, VA...

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Portsmouth Pride Fest is an inaugural community festival celebrating the LGBT community in Portsmouth Pride Fest is an inaugural community festival celebrating the LGBT community in Portsmouth, VA and Hampton Roads. The charitable focus is Mental Health in the LGBTQIA community and beyond! The purpose of the first annual Portsmouth Pride Fest is to connect LGBTQIA youth, teens, adults and families with their greates resource..their community. This Festival hosts on average 5000 citizens.

Program 2
Expenses: $626,734 Revenue: $897,752

The Safer Together initiative is about more than programs and policies, its about people. At its core, this work is designed to bring healing, trust, and hope to communities in Southeastern Virginia...

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The Safer Together initiative is about more than programs and policies, its about people. At its core, this work is designed to bring healing, trust, and hope to communities in Southeastern Virginia that have been deeply impacted by gun violence. The services offered are built to meet people where they are, whether in the hospital after a traumatic event, at a community health fair, or in their own neighborhood.

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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 (2024)

Revenue Breakdown

Contributions & Grants $827,657
Program Service Revenue $84,291
Investment Income $0
Other Revenue $0
TOTAL REVENUE $911,948

Expense Breakdown

Grants Paid $14,291
Salaries & Benefits $161,495
Fundraising Expenses $0
Program Expenses $648,011
Other Expenses $508,845
TOTAL EXPENSES $684,631

Year-over-Year Comparison

2024 2023 Change
Revenue $911,948 $217,841 +3.2%
Expenses $684,631 $179,116 +2.8%
Net Income $227,317 $38,725 +4.9%
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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Governance

Voting Members
5
Independent Members
5
Employees
15
Volunteers
132

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
1
$62,408
Total Directors
3
$12,195
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lateacia Sessoms Exectuive Director 1.00
Officer
$62,408 $0 $62,408
Renee Sandifer President 0.20
Director
$0 $0 $0
Ikai Peele Treasurer 0.20
Director
$12,195 $0 $12,195
Nicole Porter Secretary 0.20
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 $911,948 $684,631 $412,994 $227,317
2023 $217,841 $179,116 $182,922 $38,725
2022 $296,433 $274,874 $143,281 $21,559
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