DOWNTOWN HYANNIS COMMUNITY DEVELOPMENT CORPORATION

EIN: 832583271 501(c)(3) Community Improvement

HYANNIS, MA

Total Revenue
$161,500
Total Expenses
$182,812
Total Assets
$20,262
Net Assets
$20,262
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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
2018
Legal Domicile
MA
Principal Officer
STANLEY HODKINSON
Phone
5087757982
Tax Period
2024-01-01 to 2024-12-31

DOWNTOWN HYANNIS COMMUNITY DEVELOPMENT CORPORATION, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $162K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PHYSICAL, SOCIAL, AND ECONOMIC REVITALIZATION OF THE HYANNIS BUSINESS IMPROVEMENT DISTRICT.

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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 $161,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $161,500

Expense Breakdown

Grants Paid $106,812
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $181,412
Other Expenses $76,000
TOTAL EXPENSES $182,812

Year-over-Year Comparison

2024 2023 Change
Revenue $161,500 $252,000 -0.4%
Expenses $182,812 $246,007 -0.3%
Net Income $-21,312 $5,993 -4.6%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STANLEY HODKINSON TREASURER 1.00
Officer Director
$0 $0 $0
MARK SEXTON PRESIDENT 1.00
Officer Director
$0 $0 $0
ELIZABETH YOUNG CLERK 1.00
Officer 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 $161,500 $182,812 $20,262 $-21,312
2023 $252,000 $246,007 $41,574 $5,993
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