Project Hood Community Development Corporation
Nonprofit profile at a glance
- EIN
- 453964886
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Chicago, IL, USA
- Phone
- 7733264200
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $7,119,971
- Expenses
- $6,329,446
- Assets
- $29,073,337
- Liabilities
- $523,446
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- PASTOR COREY BROOKS (PRESIDENT)
- DESMOND MARSHALL (EXECUTIVE DIRECTOR)
Highest reported compensation
- DESMOND MARSHALL (EXECUTIVE DIRECTOR): $130,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Donor-supported. 67% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. The available information about grant readiness federal audit leaves an important question unanswered.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60.2%; rating input score 60
- Program expense ratio: 66.2%; rating input score 66
- Fundraising efficiency: $74.73 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 11.1%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 4.59; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 29.1% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 28.5% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 32.3% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 60.2% of revenue deployed · 66.2% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $4.2M in reported program spending
- Leadership: top reported pay $130K · 6 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 8 filed schedules · includes major donors and grants
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.