GREATER HOOD COMMUNITY DEVELOPMENT CORPORATION

EIN: 853545377 501(c)(3) Human Services

New York, NY

Total Revenue
$7,800
Total Expenses
$113,191
Total Assets
$11,545
Net Assets
$11,545
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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
NY
Principal Officer
Raymel Bowden
Phone
9294622469
Tax Period
2023-07-01 to 2024-06-30

GREATER HOOD COMMUNITY DEVELOPMENT CORPORATION, founded in 2020, is a micro nonprofit in the Human Services sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 1351% operating deficit.

Mission

GHCDC serves to connect the Central Harlem Community with access and supported participation into New York City's wealth of resources while championing individual's self-determined goals for their personal, social, community, economic, and educational futures. We offer programs to engage our community in economic, entrepreneurial, social, physical, artistic, political, educational and 21st century skills development. In addition, we seek to connect people with unique resources/referrals for programmatic opportunities outside our purview.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,800
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,800

Expense Breakdown

Grants Paid $78,541
Salaries & Benefits $4,200
Fundraising Expenses $0
Program Expenses $107,891
Other Expenses $30,450
TOTAL EXPENSES $113,191

Year-over-Year Comparison

2023 2022 Change
Revenue $7,800 $97,581 -0.9%
Expenses $113,191 $113,191 N/A
Net Income $-105,391 $-15,610 +5.8%
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
4
Independent Members
4
Employees
N/A
Volunteers
20

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
$0
Total Directors
5
$0
Key Employees
2
$4,200
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nancy Gomez Program Director 60
Key Emp Highest
$4,200 $0 $4,200
Sabrina Brice Board Member 0.5
Director
$0 $0 $0
Orlando Smith-Baugh Board Member 0.5
Director
$0 $0 $0
Jasmine Taylor Board Member 0.5
Director
$0 $0 $0
Nicole Walls Board Member 0.5
Director
$0 $0 $0
Virginia Montague President and CEO 2.00
Officer Director
$0 $0 $0
Raymel Bowden Executive Director 40
Key Emp
$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 $7,800 $113,191 $11,545 $-105,391
2023 $97,581 $113,191 $12,536 $-15,610
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