THE NOLITA PROJECT INC

EIN: 814794276 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$232,671
Total Expenses
$232,962
Total Assets
$1,126
Net Assets
$1,126
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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
2016
Legal Domicile
MD
Principal Officer
WESLEY HAWKINS
Phone
4246537663
Tax Period
2024-01-01 to 2024-12-31

THE NOLITA PROJECT INC, founded in 2016, is a small nonprofit in the Youth Development sector that reported $233K in total revenue in fiscal year 2024. Revenue surged 78% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE THE NEEDS OF YOUTH IN THE LOCAL AREA INCLUSIVE OF EDUCATIONAL AND NUTRITIONAL NEEDS

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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 $0
Program Service Revenue $232,671
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,671

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $230,204
Other Expenses $232,962
TOTAL EXPENSES $232,962

Year-over-Year Comparison

2024 2023 Change
Revenue $232,671 $130,368 +0.8%
Expenses $232,962 $116,415 +1.0%
Net Income $-291 $13,953 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
9

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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WESLEY HAWKINS PRESIDENT 40
Officer Director
$0 $0 $0
CHAUNNA WILLIAMS VICE PRESIDENT 5
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 $232,671 $232,962 $1,126 $-291
2021 $38,752 $71,386 $-32,534 $-32,634
2019 $212,111 $212,011 $100 $100
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