BRONZE2023

Akron - Barberton - Summit County COC

Akron, OH   |  http://WWW.SUMMITCOC.ORG
GuideStar Charity Check

Akron - Barberton - Summit County COC

EIN: 83-0591179


Mission

PROMOTE COMMUNITYWIDE COMMITTMENT TO THE GOAL OF ENDING HOMELESSNESS.

Ruling year info

2019

Executive Director

Mar-quetta Boddie

Main address

23 S Main St Ste 302

Akron, OH 44308 USA

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EIN

83-0591179

Subject area info

Philanthropy

Human services

NTEE code info

Philanthropy / Charity / Voluntarism Promotion (General) (T50)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Programs and results

What we aim to solve

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This organization has not yet reported any program information.

Where we work

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Financials

Akron - Barberton - Summit County COC
Fiscal year: Apr 01 - Mar 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.00

Average of 0.00 over 2 years

Months of cash in 2023 info

SOURCE: IRS Form 990

0.2

Average of 0.6 over 2 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

8%

Average of 8% over 2 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Akron - Barberton - Summit County COC

Revenue & expenses

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Akron - Barberton - Summit County COC

Balance sheet

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Akron - Barberton - Summit County COC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Apr 01 - Mar 31

SOURCE: IRS Form 990 info

This snapshot of Akron - Barberton - Summit County COC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2022 2023
Unrestricted surplus (deficit) before depreciation -$2,434 -$22,010
As % of expenses -0.5% -2.9%
Unrestricted surplus (deficit) after depreciation -$2,434 -$22,010
As % of expenses -0.5% -2.9%
Revenue composition info
Total revenue (unrestricted & restricted) $469,897 $745,138
Total revenue, % change over prior year 0.0% 58.6%
Program services revenue 0.6% 0.3%
Membership dues 0.0% 0.0%
Investment income 0.0% 0.0%
Government grants 98.6% 93.7%
All other grants and contributions 0.7% 6.0%
Other revenue 0.0% 0.0%
Expense composition info
Total expenses before depreciation $472,331 $767,148
Total expenses, % change over prior year 0.0% 62.4%
Personnel 40.5% 29.9%
Professional fees 6.3% 10.6%
Occupancy 25.0% 2.4%
Interest 0.0% 0.0%
Pass-through 0.0% 0.0%
All other expenses 28.2% 57.1%
Full cost components (estimated) info 2022 2023
Total expenses (after depreciation) $472,331 $767,148
One month of savings $39,361 $63,929
Debt principal payment $0 $0
Fixed asset additions $0 $0
Total full costs (estimated) $511,692 $831,077

Capital structure indicators

Liquidity info 2022 2023
Months of cash 1.0 0.2
Months of cash and investments 1.0 0.2
Months of estimated liquid unrestricted net assets 1.0 0.3
Balance sheet composition info 2022 2023
Cash $39,188 $14,976
Investments $0 $0
Receivables $0 $0
Gross land, buildings, equipment (LBE) $0 $0
Accumulated depreciation (as a % of LBE) 0.0% 0.0%
Liabilities (as a % of assets) 0.0% 0.0%
Unrestricted net assets $40,713 $18,703
Temporarily restricted net assets N/A N/A
Permanently restricted net assets N/A N/A
Total restricted net assets $0 $0
Total net assets $40,713 $18,703

Key data checks

Key data checks info 2022 2023
Material data errors No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Executive Director

Mar-quetta Boddie

Number of employees

Source: IRS Form 990

Akron - Barberton - Summit County COC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
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There are no highest paid employees recorded for this organization.

This organization has no recorded board members.