Hub Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 632 | 38,582 | −37,950 | 1.2 | — |
| 2020 | 341,200 | 51,663 | 289,537 | 68.1 | 0% |
| 2022 | 525,625 | 831,490 | −305,865 | 0.5 | 7% |
| 2023 | 351,943 | 826,491 | −474,548 | -4.8 | 9% |
In its most recent public year (2023), this organization spent $474,548 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-4.8 months), down from 1.2 in 2019. Staff pay was 9% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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