Civic Intelligence

Hospital Hill Economic Development Corporation

990 • Fiscal year 2014 • EIN 27-4064332

Jul 01, 2013 to Jun 30, 2014 • Filed on May 15, 2015

2301 Holmes StreetSuite64108

(816) 424-3523

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

6.66x

Higher debt load relative to assets than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

100th percentile

16.38x

Higher debt load relative to revenue than 100% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

1st percentile

-835%

Higher net margin than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

22nd percentile

-17%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

98th percentile

419%

Faster revenue growth than 98% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$134,456

Down $27,601 (-17%) from 2013

Net Assets

Down

-$760,834

Down $456,077 (-150%) from 2013

Liabilities

Up

$895,290

Up $428,476 (+92%) from 2013

Revenue

Up

$54,642

Up $44,117 (+419%) from 2013

Expenses

Up

$510,719

Up $192,223 (+60%) from 2013

Net Income

Down

-$456,077

Down $148,106 (-48%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0M-$2.0MAssets 2013: $162,057Liabilities 2013: $466,814Net Assets 2013: -$304,7572013Assets 2014: $134,456Liabilities 2014: $895,290Net Assets 2014: -$760,8342014Assets 2015: $104,029Liabilities 2015: $1,347,494Net Assets 2015: -$1,243,4652015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$134,456
Liabilities$895,290
Net Assets-$760,834

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $10,525Expenses 2013: $318,496Net Income 2013: -$307,9712013Revenue 2014: $54,642Expenses 2014: $510,719Net Income 2014: -$456,0772014Revenue 2015: $13,854Expenses 2015: $496,495Net Income 2015: -$482,6412015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2014

Revenue$54,642
Expenses$510,719
Net Income-$456,077
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 15, 2015
Return Version
2013v4.0
Gross Receipts
$257,776
Mission and Program Overview

Mission

Primary purpose to create and sustain a healthy and economically vibrant urban core in metropolitan kansas city.

To create and sustain a healthy and economically vibrant urban core in metropolitan kansas city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$82,471$75,847▼ $6,624
Cash and Non-Interest-Bearing Accounts$49,080$29,755▼ $19,325
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$162,057$134,456▼ $27,601
Other Assets Total$30,506$28,854▼ $1,652
Liabilities
Accounts Payable and Accrued Expenses$466,814$895,290▲ $428,476
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$466,814$895,290▲ $428,476
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-304,757$-760,834▼ $456,077
Total Net Assets Fund Balance$-304,757$-760,834▼ $456,077
Total Liabilities and Net Assets / Fund Balance$162,057$134,456▼ $27,601

Asset Categories

AssetBook ValueDepreciationBasis
Land$59,130-$59,130
Equipment$16,717$13,174$29,891
Other Assets Org$25,500--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charlie ShieldsDirector / Chairperson
Loretta Britton MdDirector / Vice Chairperson
Cici RojasDirector
Cindy CircoDirector
Daryl WilliamsDirector
E Bernard Franklin PhdDirector
Elizabeth DanforthDirector
John Bluford IiiDirector
Robert P DunnDirector
Shalonn CurlsDirector
Valerie Show MdDirector
Theresa Garza-ruizDirector / Secretary
Ron DuttonDirector / Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$63,350
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-8,708
All Other Contributions
$63,350
Change in Net Assets
$-456,077
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$380,140
Salaries, Compensation, and Employee Benefits$130,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$200,856--$200,856
Fees for Services Legal-$142,654-$142,654
Other Salaries and Wages$104,463--$104,463
Other Employee Benefits$26,116--$26,116
Advertising$11,467--$11,467
Depreciation Depletion$6,624--$6,624
Other Expenses$4,748--$4,748
Office Expenses$3,717--$3,717
Occupancy$3,691--$3,691
Total Functional Expenses$368,065$142,654$0$510,719
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

John bluford iii, charlie shields and cindy circo have business relationships.

Form 990, Part VI, Section C, Line 19

Hhedc's governing documents and financial statements are available upon request.

Filing and Contact Details

Filer

EIN
27-4064332
In Care Of
% CHARLIE SHIELDS
Phone
8164243523

Signing Officer

Name
Charlie Shields
Title
CEO
Phone
8164243523
Signed
2015-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlie Shields
Formed
2010
Legal Domicile
Mo
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
13

Preparer

Preparer
Kevin Ensminger CPA
Phone
8164243523
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

There is a food selection crisis in kansas city's urban core. Residents are unable to find a grocery store in their neighborhoods. This leaves urban dwellers with limited options: make fast foods their daily fare, shop corner stores that provide little or no food of nutritional value, or catch city transportation to a grocery store and inconveniently attempt to transport groceries back home. Within a 1.5 mile radius of hhedc, there are only 3 grocery stores, a high dollar specialty store downtown, a neighborhood grocery with little emphasis on healthy eating, and an off brand discount grocery for a population of over 27,000 people. Over a quarter of those residents live in a household without a vehicle. Therefore, to serve the health needs of the community, the hhedc for its initial project, will establish an affordable, full scale grocery store and market near hhedc. Not only will this clean, high service urban market have displays of fresh, healthy foods from local growers, programming that will educate the community on eating right, understanding food labels and healthy cooking techniques, but the store will also be a catalyst for creating numerous jobs. Grocery store management specialists state that the supply chain necessary for an efficient store brings an average of 150 to 175 new jobs to the area. The store will range between 30,000 and 40,000 square feet and will be located within a mile of hhedc. The hhedc store will put a premium on local businesses and encourage entrepreneurship and will attempt to make local businesses and farmers as much as a part of our supply chain as possible. We will cater to all people in the area in a way that is relevant to their culture and lives from providing foods specific to an ethnicity to displays and recipes written in other languages, everyone will feel at home and accepted at the hhedc store. Local grocery shopping, local jobs and local pride equate to starting a better quality of life. This is the ultimate goal of hhedc.

Form 990, Part III, Line 4B

In addition to the hhedc grocery on hospital hill, the hhedc has developed a mobile market that will help to alleviate food deserts throughout the kansas city area by taking fresh produce to the people. Partnering with kcata, a city bus has been outfitted with shelves and coolers full of healthy fruits, vegetables and dry goods at cost. The hhedc mobile market travels the metropolitan area making stops at predetermined locations to provide grocery shopping to various neighborhoods. The mobile market operates two days a week year round and evenings and weekends as requested for special community events. In 2014 an estimated 7000 transactions were completed. This has allowed the hhedc to gain a much broader reach in desperate areas until a stationary grocery store can be built. Along with providing fresh fruits and vegetables the mobile market attends events where health screenings and educational programs are being delivered to improve health literacy throughout the urban core.

Form 990 Part IX Line 11G

Description:consulting total fees:165096

Form 990 Part IX Line 11G

Description:contract services total fees:35760

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IRS990/ProgSrvcAccomActy3Grp/Desc0THE HEALTHY HARVEST MARKET IS A COVERED OUTDOOR MARKET THAT IS HELD EVERY WEDNESDAY FROM APRIL TO NOVEMBER AT 23RD AND CHARLOTTE. THE MARKET IS LOCATED ON THE PUBLIC TRANSPORTATION ROUTE AND IS CONVENIENT AND ACCESSIBLE TO CUSTOMERS. FRESH FRUITS, VEGETABLES AND DRY GOODS ARE MADE AVAILABLE TO THE PUBLIC AT COST. COOKING DEMONSTRATIONS AND WELLNESS SESSIONS ARE HELD MONTHLY TO HELP EDUCATE CUSTOMERS ON EATING HEALTHY AND MAINTAINING A HEALTHY LIFESTYLE. SINCE IT'S INCEPTION, AN ESTIMATED 20,000 TRANSACTIONS HAVE BEEN COMPLETED AND OVER 42,000 POUNDS OF PRODUCE SOLD.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS A FOOD SELECTION CRISIS IN KANSAS CITY'S URBAN CORE. RESIDENTS ARE UNABLE TO FIND A GROCERY STORE IN THEIR NEIGHBORHOODS. THIS LEAVES URBAN DWELLERS WITH LIMITED OPTIONS: MAKE FAST FOODS THEIR DAILY FARE, SHOP CORNER STORES THAT PROVIDE LITTLE OR NO FOOD OF NUTRITIONAL VALUE, OR CATCH CITY TRANSPORTATION TO A GROCERY STORE AND INCONVENIENTLY ATTEMPT TO TRANSPORT GROCERIES BACK HOME. WITHIN A 1.5 MILE RADIUS OF HHEDC, THERE ARE ONLY 3 GROCERY STORES, A HIGH DOLLAR SPECIALTY STORE DOWNTOWN, A NEIGHBORHOOD GROCERY WITH LITTLE EMPHASIS ON HEALTHY EATING, AND AN OFF BRAND DISCOUNT GROCERY FOR A POPULATION OF OVER 27,000 PEOPLE. OVER A QUARTER OF THOSE RESIDENTS LIVE IN A HOUSEHOLD WITHOUT A VEHICLE. THEREFORE, TO SERVE THE HEALTH NEEDS OF THE COMMUNITY, THE HHEDC FOR ITS INITIAL PROJECT, WILL ESTABLISH AN AFFORDABLE, FULL SCALE GROCERY STORE AND MARKET NEAR HHEDC. NOT ONLY WILL THIS CLEAN, HIGH SERVICE URBAN MARKET HAVE DISPLAYS OF FRESH, HEALTHY FOODS FROM LOCAL GROWERS, PROGRAMMING THAT WILL EDUCATE THE COMMUNITY ON EATING RIGHT, UNDERSTANDING FOOD LABELS AND HEALTHY COOKING TECHNIQUES, BUT THE STORE WILL ALSO BE A CATALYST FOR CREATING NUMEROUS JOBS. GROCERY STORE MANAGEMENT SPECIALISTS STATE THAT THE SUPPLY CHAIN NECESSARY FOR AN EFFICIENT STORE BRINGS AN AVERAGE OF 150 TO 175 NEW JOBS TO THE AREA. THE STORE WILL RANGE BETWEEN 30,000 AND 40,000 SQUARE FEET AND WILL BE LOCATED WITHIN A MILE OF HHEDC. THE HHEDC STORE WILL PUT A PREMIUM ON LOCAL BUSINESSES AND ENCOURAGE ENTREPRENEURSHIP AND WILL ATTEMPT TO MAKE LOCAL BUSINESSES AND FARMERS AS MUCH AS A PART OF OUR SUPPLY CHAIN AS POSSIBLE. WE WILL CATER TO ALL PEOPLE IN THE AREA IN A WAY THAT IS RELEVANT TO THEIR CULTURE AND LIVES FROM PROVIDING FOODS SPECIFIC TO AN ETHNICITY TO DISPLAYS AND RECIPES WRITTEN IN OTHER LANGUAGES, EVERYONE WILL FEEL AT HOME AND ACCEPTED AT THE HHEDC STORE. LOCAL GROCERY SHOPPING, LOCAL JOBS AND LOCAL PRIDE EQUATE TO STARTING A BETTER QUALITY OF LIFE. THIS IS THE ULTIMATE GOAL OF HHEDC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IN ADDITION TO THE HHEDC GROCERY ON HOSPITAL HILL, THE HHEDC HAS DEVELOPED A MOBILE MARKET THAT WILL HELP TO ALLEVIATE FOOD DESERTS THROUGHOUT THE KANSAS CITY AREA BY TAKING FRESH PRODUCE TO THE PEOPLE. PARTNERING WITH KCATA, A CITY BUS HAS BEEN OUTFITTED WITH SHELVES AND COOLERS FULL OF HEALTHY FRUITS, VEGETABLES AND DRY GOODS AT COST. THE HHEDC MOBILE MARKET TRAVELS THE METROPOLITAN AREA MAKING STOPS AT PREDETERMINED LOCATIONS TO PROVIDE GROCERY SHOPPING TO VARIOUS NEIGHBORHOODS. THE MOBILE MARKET OPERATES TWO DAYS A WEEK YEAR ROUND AND EVENINGS AND WEEKENDS AS REQUESTED FOR SPECIAL COMMUNITY EVENTS. IN 2014 AN ESTIMATED 7000 TRANSACTIONS WERE COMPLETED. THIS HAS ALLOWED THE HHEDC TO GAIN A MUCH BROADER REACH IN DESPERATE AREAS UNTIL A STATIONARY GROCERY STORE CAN BE BUILT. ALONG WITH PROVIDING FRESH FRUITS AND VEGETABLES THE MOBILE MARKET ATTENDS EVENTS WHERE HEALTH SCREENINGS AND EDUCATIONAL PROGRAMS ARE BEING DELIVERED TO IMPROVE HEALTH LITERACY THROUGHOUT THE URBAN CORE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JOHN BLUFORD III, CHARLIE SHIELDS AND CINDY CIRCO HAVE BUSINESS RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HHEDC'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:CONSULTING TOTAL FEES:165096
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:CONTRACT SERVICES TOTAL FEES:35760
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 4A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 11G
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