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Nonprofiteer
← PROJECT HOOD COMMUNITIES

Form 990 for tax year 2023

Filed by PROJECT HOOD COMMUNITIES.

Totals

Total revenue
$21,621,831
Total expenses
$7,342,171
Contributions and grants received
$21,312,060
Grants paid
$2,421,432
Program service revenue
$0
Investment income
$309,771
Other revenue
$0
Total assets, end of year
$27,741,357
Total liabilities, end of year
$336,092
Net assets or fund balances, end of year
$27,405,265
Program services expenses (Part IX)
$5,450,729
Management and general expenses
$1,631,161
Fundraising expenses
$260,281
Program service expenses (Part III)
$5,450,729

Program services were 74.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,698,052

  • 1f · All other contributions, gifts and grants

    $18,614,008

  • 3 · Investment income

    total $309,771 · excluded $309,771

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,373,972 · program services $2,373,972

  • 2 · Grants to domestic individuals

    total $47,460 · program services $47,460

  • 5 · Compensation of officers, directors and key employees

    total $120,825 · program services $78,536 · management and general $42,289

  • 7 · Other salaries and wages

    total $1,578,678 · program services $1,026,141 · management and general $552,537

  • 9 · Other employee benefits

    total $12,605 · program services $8,193 · management and general $4,412

  • 10 · Payroll taxes

    total $145,098 · program services $94,314 · management and general $50,784

  • 11b · Fees: legal

    total $34,142 · management and general $34,142

  • 11c · Fees: accounting

    total $77,043 · management and general $77,043

  • 11g · Fees: other

    total $1,720,844 · program services $1,190,819 · management and general $530,025

  • 12 · Advertising and promotion

    total $37,639 · program services $24,465 · management and general $13,174

  • 13 · Office expenses

    total $198,633 · program services $129,111 · management and general $69,522

  • 16 · Occupancy

    total $191,714 · program services $124,614 · management and general $67,100

  • 17 · Travel

    total $142,440 · program services $92,586 · management and general $49,854

  • 22 · Depreciation, depletion and amortization

    total $88,549 · program services $57,557 · management and general $30,992

  • 23 · Insurance

    total $124,005 · program services $80,603 · management and general $43,402

  • 24a · Other expenses: OUTREACH

    total $260,281 · fundraising $260,281

  • 24b · Other expenses: UTILITIES

    total $96,493 · program services $62,720 · management and general $33,773

  • 24c · Other expenses: PROPERTY TAXES

    total $41,046 · program services $26,680 · management and general $14,366

  • 24d · Other expenses: REPAIRS

    total $39,698 · program services $25,804 · management and general $13,894

  • 24e · All other expenses

    total $11,006 · program services $7,154 · management and general $3,852

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,774,213 · end of year $376,957

  • 2 · Savings and temporary cash investments

    beginning of year $1,811,558 · end of year $7,113,482

  • 3 · Pledges and grants receivable

    beginning of year $350,000 · end of year $12,637,836

  • 4 · Accounts receivable

    beginning of year $236,959 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $30,649 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,694 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $1,768,928

  • 10b · Land, buildings and equipment: accumulated depreciation

    $154,647

  • 10c · Land, buildings and equipment, net

    beginning of year $2,119,047 · end of year $1,614,281

  • 11 · Investments: publicly traded securities

    beginning of year $40,995 · end of year $482,151

  • 15 · Other assets

    beginning of year $286,441 · end of year $5,516,650

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,883 · end of year $46,074

  • 23 · Secured mortgages and notes payable

    beginning of year $150,000 · end of year $150,000

  • 25 · Other liabilities

    beginning of year $286,441 · end of year $140,018

  • 27 · Net assets without donor restrictions

    beginning of year $3,611,525 · end of year $7,069,702

  • 28 · Net assets with donor restrictions

    beginning of year $9,486,707 · end of year $20,335,563

Mission and programs · 2023

Mission

PROJECT H.O.O.D. (HELPING OTHERS OBTAIN DESTINY) IS A TRANSFORMATIVE INITIATIVE WITH A MISSION TO EMPOWER UNDERSERVED COMMUNITIES AND DRIVE POSITIVE CHANGE. THE ORGANIZATION'S WEBSITE, WWW.PROJECTHOOD.ORG, SERVES AS A DYNAMIC PLATFORM TO SHOWCASE THEIR IMPACTFUL PROGRAMS AND INITIATIVES. THROUGH STRATEGIC PARTNERSHIPS, COMMUNITY ENGAGEMENT, AND RESOURCE MOBILIZATION, PROJECT H.O.O.D. STRIVES TO TACKLE SOCIAL INEQUALITIES, ENHANCE EDUCATIONAL OPPORTUNITIES, IMPROVE HEALTHCARE ACCESS, AND PROMOTE SUSTAINABLE PRACTICES. WITH A DEEP COMMITMENT TO FOSTERING A SENSE OF BELONGING AND UNITY, THE PROJECT AIMS TO UPLIFT INDIVIDUALS AND FAMILIES, PROVIDING THEM WITH THE TOOLS AND SUPPORT NEEDED TO UNLOCK THEIR TRUE POTENTIAL. BY LEVERAGING TECHNOLOGY AND INNOVATIVE APPROACHES, PROJECT H.O.O.D. DEMONSTRATES A STRONG DEDICATION TO BUILDING A BRIGHTER FUTURE FOR THOSE WHO NEED IT MOST, SERVING AS AN INSPIRING MODEL FOR GRASSROOTS INITIATIVES ACROSS THE GLOBE.

Activities or mission (Part I)

PROVIDE SPIRIUTAL, EDUCATIONAL AND LIFE SKILLS TO LOW INCOME RESIDENCES IN THE WOODLAWN AND ENGLEWOOD COMMUNITY

  • PROJECT H.O.O.D. IMPLEMENTS A RANGE OF IMPACTFUL PROGRAMS TO UPLIFT UNDERSERVED COMMUNITIES.PROGRAMS INCLUDE NON VIOLENCE PROGRAMS, RE-ENTRY, YOUTH PROGRAMMING, WORKFORCE DEVELOPMENT, AND HEALTH AND WELLNESS. MOREOVER, PROJECT H.O.O.D. FOSTERS ECONOMIC EMPOWERMENT BY OFFERING JOB TRAINING AND ENTREPRENEURIAL OPPORTUNITIES, EMPOWERING INDIVIDUALS TO BREAK THE CYCLE OF POVERTY AND ACHIEVE SUSTAINABLE LIVELIHOODS.

    Expenses $5,450,729 · Grants $2,421,432

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Pastor Corey Brooks

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Isaac Greene

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Bozeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Carlton Lynch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Thomas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Desmond Marshall

    CHIEF OPERATING OFFICER

    Total calculated
    $124,277
    From this org
    $120,825
    From related orgs
    $0
    Other
    $3,452
    Hours/week
    40

  • Brian Alexander

    CHIEF OF STAFF

    Total calculated
    $104,764
    From this org
    $104,764
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443189349306404

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