GREATER WASHINGTON DC BLACK CHAMBER OF COMMERCE

EIN: 823593199 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$565,412
Total Expenses
$669,449
Total Assets
$64,474
Net Assets
$52,183
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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
2020
Legal Domicile
DC
Principal Officer
DANIELLE WALKER
Phone
2025605629
Tax Period
2024-01-01 to 2024-12-31

GREATER WASHINGTON DC BLACK CHAMBER OF COMMERCE, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $565K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $669K exceeded revenue, resulting in a 18% operating deficit.

Mission

SUPPORTING THE NEED FOR ECONOMIC DEVELOPMENT IN THE BLACK COMMUNITY THROUGH EDUCATION. ADDITIONALLY, PROMOTING BLACK BUSINESS GROWTH IN THE DISTRICT OF COLUMBIA THROUGH THE FACILITATION OF BUSINESS OPPORTUNITIES.

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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 $556,204
Program Service Revenue $0
Investment Income $0
Other Revenue $9,208
TOTAL REVENUE $565,412

Expense Breakdown

Grants Paid $9,700
Salaries & Benefits $337,537
Fundraising Expenses $25,387
Program Expenses $567,941
Other Expenses $322,212
TOTAL EXPENSES $669,449

Year-over-Year Comparison

2024 2023 Change
Revenue $565,412 $1,283,132 -0.6%
Expenses $669,449 $1,247,542 -0.5%
Net Income $-104,037 $35,590 -3.9%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
15

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
5
$0
Total Directors
11
$0
Key Employees
3
$286,614
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTWAYNE FORD FOUNDER AND EXECUTIVE MEMBER 1.00
Officer Director
$0 $0 $0
B DOYLE MITCHELL JR FOUNDER AND EXECUTIVE MEMBER 1.00
Officer Director
$0 $0 $0
COREY GRIFFIN EXECUTIVE MEMBER 1.00
Officer Director
$0 $0 $0
KOLA ISIAQ TREASURER 1.00
Officer Director
$0 $0 $0
STEVE GLAUDE SECRETARY 1.00
Officer Director
$0 $0 $0
DENISE ROLARK BARNES BOARD MEMBER 1.00
Director
$0 $0 $0
DIONNE BUSSY REEDER BOARD MEMBER 1.00
Director
$0 $0 $0
HOWARD JEAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMILA WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
OMAR MCINTOSH BOARD MEMBER 1.00
Director
$0 $0 $0
WILL JONEZ BOARD MEMBER 1.00
Director
$0 $0 $0
AISHA BOND PRESIDENT 40.00
Key Emp
$134,461 $0 $134,461
DANIELLE WALKER DIRECTOR OF ADMINISTRATION 40.00
Key Emp
$76,961 $0 $76,961
SIMONE ELLISON DIRECTOR OF ENGAGEMENT AND STRATEGIC PARTNERSHIPS 40.00
Key Emp
$75,192 $0 $75,192
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 No data No data No data No data
2024 $565,412 $669,449 $64,474 $-104,037
2023 $1,283,132 $1,247,542 $164,120 $35,590
2022 $319,200 $258,330 $125,397 $60,870
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