Civic Intelligence

Hub Community Development Corporation

EIN 45-3751816 • 501(c)3 • Birmingham, AL

Profile

To create opportunities for residents, businesses, and government representatives to work together utilizing comprehensive community development strategies, develop dynamic neighborhoods, revitalize communities, and improve the quality of life for the residents in our service area, jefferson county, alabama.

100 Derby ParkwayBirmingham, AL 35210

www.thehubcdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.08x

Higher debt load relative to assets than 96% of similar nonprofits.

$1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

12.72x

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

$1M-$5M nonprofits • Source year 2023

Net Margin

5th percentile

-135%

Higher net margin than 5% of similar nonprofits.

$1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

38th percentile

-0.4%

Faster asset growth than 38% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

10th percentile

-33%

Faster revenue growth than 10% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$4,148,626

Down $16,514 (-0.4%) from 2022

Liabilities

Up

$4,476,015

Up $344,171 (+8.3%) from 2022

Net Assets

Down

-$327,389

Down $360,685 (-1083%) from 2022

Revenue

Down

$351,943

Down $173,682 (-33%) from 2022

Expenses

Down

$826,491

Down $4,999 (-0.6%) from 2022

Net Income

Down

-$474,548

Down $168,683 (-55%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2018: $41,756Liabilities 2018: $602018Assets 2019: $4,232Liabilities 2019: $4862019Assets 2020: $299,709Liabilities 2020: $6,425Net Assets 2020: $293,2842020Assets 2022: $4,165,140Liabilities 2022: $4,131,844Net Assets 2022: $33,2962022Assets 2023: $4,148,626Liabilities 2023: $4,476,015Net Assets 2023: -$327,3892023

Highlighted filing

2023

Assets$4,148,626
Liabilities$4,476,015
Net Assets-$327,389

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2018: $50,295Expenses 2018: $18,963Net Income 2018: $31,3322018Revenue 2019: $632Expenses 2019: $38,582Net Income 2019: -$37,9502019Revenue 2020: $341,200Expenses 2020: $51,663Net Income 2020: $289,5372020Revenue 2022: $525,625Expenses 2022: $831,490Net Income 2022: -$305,8652022Revenue 2023: $351,943Expenses 2023: $826,491Net Income 2023: -$474,5482023

Highlighted filing

2023

Revenue$351,943
Expenses$826,491
Net Income-$474,548

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$351,943
Mission and Program Overview

Mission

To create opportunities for residents, businesses, and government representatives to work together utilizing comprehensive community development strategies, develop dynamic neighborhoods, revitalize communities, and improve the quality of life for the residents in our service area, jefferson county, alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,862,548$3,919,226▲ $56,678
Intangible Assets$147,841$114,020▼ $33,821
Other Notes and Loans Receivable, Net$117,001$59,001▼ $58,000
Cash and Non-Interest-Bearing Accounts$16,112$49,879▲ $33,767
Accounts Receivable$15,138--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$33,296$-327,389▼ $360,685
Total Assets$4,165,140$4,148,626▼ $16,514
Other Assets Total$6,500$6,500→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,286,290$3,295,000▲ $8,710
Other Liabilities$817,179$1,141,162▲ $323,983
Accounts Payable and Accrued Expenses$28,375$39,853▲ $11,478
Total Liabilities$4,131,844$4,476,015▲ $344,171
Net Assets / Fund Balance
Total Net Assets Fund Balance$33,296$-327,389▼ $360,685
Total Liabilities and Net Assets / Fund Balance$4,165,140$4,148,626▼ $16,514

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,128,190$190,146$3,318,336
Land$670,000-$670,000
Equipment$121,036-$121,036
Compensation and Service Providers

Employees

NameTitleBaseTotal
Pamelia HarrisExecutive Director$30,000$30,000

Board Members and Trustees

NameTitle
Bishop Van MoodyChair
Art FranklinCo-chair
Alfred PerkinsBoard Member
Brandon PettagrueBoard Member
Foster WareBoard Member
Ruben MorrisBoard Member
Stephanie RaybornBoard Member
Alesia JonesSecretary
Natalie WoodallTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$292,853
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$59,090
All Other Contributions
$1,500
Change in Net Assets
$-474,548
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$715,666
Salaries, Compensation, and Employee Benefits$79,668
Grants and Similar Amounts Paid$31,157
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$266,159-$266,159
Fees for Services Other-$217,800-$217,800
Depreciation Depletion$110,350$19,473-$129,823
Other Salaries and Wages$39,846$7,032-$46,878
Grants to Domestic Individuals$31,157--$31,157
Current Officers, Directors, Trustees, and Key Employees$25,500$4,500-$30,000
Insurance$25,050$4,420-$29,470
Occupancy$17,241$3,042-$20,283
Fees for Services Accounting-$10,028-$10,028
Fees for Services Legal-$5,332-$5,332
Office Expenses$3,357$592-$3,949
Payroll Taxes$2,372$418-$2,790
All Other Expenses$1,940$343-$2,283
Other Expenses$1,875$331-$2,206
Travel$496$87-$583
Total Functional Expenses$285,068$541,423$0$826,491
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$1,141,162
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 was reviewed by the financial management of the hub cdc's parent company, the worship center christian church.

Form 990, Part VI, Section B, Line 12C

Disclosures of potential conflicts of interest are made to the board prior to being entered for a board vote at minimum annually

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Hub Community Development Corporation
EIN
45-3751816
Phone
2054511750
Address
100 DERBY PARKWAY, BIRMINGHAM, AL 35210

Signing Officer

Name
Bishop Van Moody
Title
Chair
Phone
2054511750
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bishop Van Moody
Formed
2011
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
1
Volunteers
20

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1350 S BOULDER AVE SUITE 800, TULSA, OK 74119
Preparer
Charlotte Henry CPA
Phone
9186280500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 0. Management and general expenses 30,000. Fundraising expenses 0. Total expenses 30,000. Other professional fees: program service expenses 0. Management and general expenses 187,800. Fundraising expenses 0. Total expenses 187,800.

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IRS990/ReconcilationRevenueExpnssAmt0-474548
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt033296
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-327389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0292853
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0509201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0202494
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0341200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0633
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01346381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt059090
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt016425
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt011665
IRS990ScheduleA/OtherIncome170Grp/TotalAmt087180
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93480
IRS990ScheduleA/PublicSupportPY170Pct00.97520
IRS990ScheduleA/PublicSupportTotal170Amt01340052
IRS990ScheduleA/SubstantialContributorsTotAmt06329
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0292853
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0509201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0202494
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0341200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0633
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01346381
IRS990ScheduleA/TotalSupportAmt01433561
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt03128190
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0190146
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03318336
IRS990ScheduleD/EquipmentGrp/BookValueAmt0121036
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0121036
IRS990ScheduleD/LandGrp/BookValueAmt0670000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0670000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01141162
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03919226
IRS990ScheduleD/TotalLiabilityAmt01141162
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt031157
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0RENT AND UTILITY ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt025
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS REVIEWED BY THE FINANCIAL MANAGEMENT OF THE HUB CDC'S PARENT COMPANY, THE WORSHIP CENTER CHRISTIAN CHURCH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCLOSURES OF POTENTIAL CONFLICTS OF INTEREST ARE MADE TO THE BOARD PRIOR TO BEING ENTERED FOR A BOARD VOTE AT MINIMUM ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 30,000. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,000. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 187,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 187,800.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04165140
IRS990/TotalAssetsEOYAmt04148626
IRS990/TotalAssetsGrp/BOYAmt04165140
IRS990/TotalAssetsGrp/EOYAmt04148626
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0292853
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0541423
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0285068
IRS990/TotalFunctionalExpensesGrp/TotalAmt0826491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04131844
IRS990/TotalLiabilitiesEOYAmt04476015
IRS990/TotalLiabilitiesGrp/BOYAmt04131844
IRS990/TotalLiabilitiesGrp/EOYAmt04476015
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt033296
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-327389
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0285068
IRS990/TotalReportableCompFromOrgAmt030000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059090
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0351943
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04165140
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04148626
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt087
IRS990/TravelGrp/ProgramServicesAmt0496
IRS990/TravelGrp/TotalAmt0583
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0100 DERBY PARKWAY
IRS990/USAddress/CityNm0BIRMINGHAM
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035210
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0HTTPS://WWW.THEHUBCDC.ORG/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z

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