Hospitality Hub Of Memphis
- Assets
- $14.3m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 60
- Location
- Memphis, TN
- Founding
- 10/2009
- Data as of
- 12/2022
- EIN
- 26-4417530
Organization Overview
Hospitality Hub Of Memphis is located in Memphis, TN. The organization was established in 2009. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Hospitality Hub Of Memphis employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitality Hub Of Memphis is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hospitality Hub Of Memphis generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.2% each year . All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 29.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE HOSPITALITY HUB OF MEMPHIS (THE HUB) IS A TENNESSEE NON-PROFIT CORPORATION FORMED BY THE DOWNTOWN CHURCHES ASSOCIATION AS A POINT OF ENTRY INTO THE LARGER NETWORK OF HOMELESSNESS SERVICES OFFERED THROUGHOUT THE CITY. THE MISSION OF THE HUB IS TO CONNECT HOMELESS PEOPLE WITH THE RESOURCES THEY NEED TO BEGIN THEIR JOURNEY OUT OF HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2,600 GUESTS SERVED, INCLUDING 515 FAMILIES2,100+ BIRTH CERTIFICATE AND STATE ID'S ISSUED641 COVID LAB TESTS ADMINISTERED198 GUESTS SERVED BY THE HUB HOTEL1,907 MILES LOGGED BY THE STREET OUTREACH TEAMS 3,250 MEALS SERVED IN HUB WARMING CENTER9,282 BAGS OF TRASH FILLED BY WORK LOCAL TEAMS
2,600 GUESTS SERVED, INCLUDING 515 FAMILIES2,100+ BIRTH CERTIFICATE AND STATE ID'S ISSUED641 COVID LAB TESTS ADMINISTERED198 GUESTS SERVED BY THE HUB HOTEL1,907 MILES LOGGED BY THE STREET OUTREACH TEAMS 3,250 MEALS SERVED IN HUB WARMING CENTER9,282 BAGS OF TRASH FILLED BY WORK LOCAL TEAMS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pierre Landaiche Secretary | OfficerTrustee | 1 | $0 |
Susanne Darnell Director | Trustee | 1 | $0 |
Matthew White Director | Trustee | 1 | $0 |
Candace Mcrae Walsh Chairman | OfficerTrustee | 3 | $0 |
Kenneth Anderson Director | Trustee | 1 | $0 |
Keith Turbett Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
React Security Building Security | 12/30/22 | $136,502 |
Dragonfly Collective Inc Management, Accounting, It | 12/30/22 | $303,490 |
Dragonfly Collective Inc Management, Accounting, It | 12/30/22 | $343,371 |
React Security Building Security | 12/30/22 | $136,502 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,620,431 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,177,923 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,798,354 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,798,354 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $94,166 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,416,459 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,674 |
| Payroll taxes | $83,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,670 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $301,976 |
| Advertising and promotion | $0 |
| Office expenses | $68,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,970 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,353 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,721 |
| Insurance | $79,890 |
| All other expenses | $753 |
| Total functional expenses | $2,840,187 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,683 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $300,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $12,099,575 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,649,938 |
| Total assets | $14,338,196 |
| Accounts payable and accrued expenses | $303,903 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $160,662 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $464,565 |
| Net assets without donor restrictions | $12,223,693 |
| Net assets with donor restrictions | $1,649,938 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,338,196 |