Hudson Drive 2 INC

Tax-deductible

Akron, OH501(c)(3)HousingEIN 75-2985047

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To provide safe, decent, and affordable housing to single women with a chronic disability in cuyahoga falls, oh.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 4
filings with a surplus
Average deficit $4K a year · 11% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$35K
<0.01% vs prior year
Spent
$43K
To programs
58%
Net assets
$185K
By yearFY2020–FY2023
Revenue
$35K
FY2023<0.01%
Revenue by fiscal year
FY2020$28K
FY2021$32K
FY2022$35K
FY2023$35K
Expenses
$43K
FY2023▲ +34%
Expenses by fiscal year
FY2020$35K
FY2021$35K
FY2022$32K
FY2023$43K
Net assets
$185K
FY2023▼ -4%
Net assets by fiscal year
FY2020$193K
FY2021$190K
FY2022$193K
FY2023$185K

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Mar 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $25K Management & general 42% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/ T
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hudson Drive 2 INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe, decent, affordable housing for single women with chronic disabilities.

Provided by the organization

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1 program · $25K · in their own filed words · FY2023
01

To provide safe, decent, and affordable housing to single women with a chronic disability in cuyahoga falls, oh.

$25Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$35K
Ln 12
Fees for servicesLn 2g$33K
Gifts and grantsLn 1h$3K
Investment incomeLn 3$4
Money outPt IX
$43K
Ln 25
Programscol B$25K
Managementcol C$18K
Owns and owesPt X
$185K
net assets · Ln 32
Cash and savingsLn 1–2$358
Total assetsLn 16$189K
LiabilitiesLn 26$4K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Government grantsLn 1e$3K
Fees for servicesLn 2g$33K
Investment incomeLn 3$4
Total revenueLn 12$35K
Assets in detailPt X, end of year
CashLn 1$358
Cash and savings togetherLn 1–2$358
Land, buildings, equipmentLn 10c$153K
Other assetsLn 15$29K
Total assetsLn 16$189K
LiabilitiesLn 26$4K
Net assetsLn 32$185K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7K$358
Land, buildings, equipmentLn 10c$160K$153K
Total assetsLn 16$194K$189K
LiabilitiesLn 26$1K$4K
Net assetsLn 32$193K$185K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2K$2K
Accounting feesLn 11c$3K$3K
Office expensesLn 13$230$230
OccupancyLn 16$5K$5K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$23K$10K$13K
All other expensesLn 24e$438$438
Total functional expensesLn 25$43K$25K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $35K$43K−$8K$185K 990 PDF
FY2022 $35K$32K$3K$193K 990 PDF
FY2021 $32K$35K−$3K$190K 990 PDF
FY2020 $28K$35K−$7K$193K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $35,444 across 5 lines filed
VIII-1e Government grants$2,800
VIII-1h Total contributions, gifts and grants$2,800
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,640$32,640
VIII-3 Investment incomeExcluded from tax $4$4
VIII-12 Total revenueRelated to mission $32,640 · Excluded from tax $4$35,444
Part IX · Statement of functional expenses $43,210 across 8 lines filed
IX-11a Management feesManagement $1,646$1,646
IX-11c Accounting feesManagement $3,302$3,302
IX-13 Office expensesManagement $230$230
IX-16 OccupancyPrograms $5,230$5,230
IX-22 Depreciation, depletion and amortizationPrograms $6,533$6,533
IX-23 InsurancePrograms $2,858$2,858
IX-24 Other expenses (24a–d)Programs $10,104 · Management $12,869$22,973
IX-24e All other expensesPrograms $438$438
IX-25 Total functional expensesPrograms $25,163 · Management $18,047 · Fundraising $0$43,210
Part X · Balance sheet $189,438 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $7,068$358
X-4 Accounts receivableStart of year $585$6,693
X-10c Land, buildings and equipment, netStart of year $159,649$153,116
X-15 Other assetsStart of year $26,938$29,271
X-16 Total assetsStart of year $194,240$189,438
X-17 Accounts payable and accrued expensesStart of year $1,025$3,960
X-25 Other liabilitiesStart of year $50$79
X-26 Total liabilitiesStart of year $1,075$4,039
X-27 Net assets without donor restrictionsStart of year $193,165$185,399
X-32 Total net assets or fund balancesStart of year $193,165$185,399
X-33 Total liabilities and net assetsStart of year $194,240$189,438
Part XI · Reconciliation of net assets $185,399 net assets at year end
XI-1 Total revenue$35,444
XI-2 Total expenses$43,210
XI-3 Revenue less expenses−$7,766
XI-4 Net assets at start of year$193,165
XI-10 Net assets at end of year$185,399

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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