Hudson Drive 1 Inc
Only null% goes to programs Strong reserves
Hudson Drive 1 Inc is a 501(c)(3) organization based in Akron, Ohio, registered in 2002, with $28,860 in FY2023 revenue. CharityIndex grades it D.
725 E Market St, Akron, OH, 44305 EIN 75-2985031 Since 2002
Revenue (FY2023)
$29K
▼ 16.5% vs prior year
Housing median: $408K
Expenses (FY2023)
$67K
Net assets
$178K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hudson Drive 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating32 mo reserves · -132% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hudson Drive 1 Inc: 32 mo reserves · -132% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hudson Drive 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hudson Drive 1 Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 725 E Market St, Akron, OH, 44305
- City
- Akron
- State
- Ohio
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $22K (FY2013) to $29K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $11KNet assets $178K
Operating margin
-131.7%
Spent more than it raised in the latest fiscal year.
Total assets
$190K
Total liabilities
$11K
Net assets
$178K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $28,860▼16.5% | $66,876▲121% | $178,445▼17.6% | $189,585▼13.3% | 990 |
| 2022 | $34,562▼7.5% | $30,329▼14.4% | $216,461▲2.0% | $218,761▲2.4% | 990 |
| 2021 | $37,371▲19.8% | $35,415▲4.4% | $212,228▲0.9% | $213,607▲1.1% | 990 |
| 2020 | $31,205▼1.3% | $33,916▲30.8% | $210,272▼1.3% | $211,368▼1.2% | 990 |
| 2019 | $31,627▲11.2% | $25,937▲7.0% | $212,983▲2.7% | $213,898▼1.8% | 990 |
| 2018 | $28,430▲19.8% | $24,229▼5.2% | $207,293▲2.1% | $217,872▲1.6% | 990 |
| 2017 | $23,727▲1.4% | $25,558▼0.5% | $203,092▼0.9% | $214,467▼1.1% | 990 |
| 2016 | $23,393▲17.3% | $25,695▲2.2% | $204,923▼1.1% | $216,760▼0.8% | 990 |
| 2015 | $19,949▲0.7% | $25,146▼23.2% | $207,225▲1.6% | $218,451▼1.9% | 990 |
| 2014 | $19,820▼8.0% | $32,730▲27.6% | $204,009▼6.0% | $222,776▼4.7% | 990 |
| 2013 | $21,536 | $25,656▼7.6% | $216,919▼1.9% | $233,668▼0.8% | 990 |
| 2012 | — | $27,768▲9.5% | $221,039▼3.3% | $235,437▼3.3% | 990 |
| 2011 | — | $25,354▼14.1% | $228,603▼2.3% | $243,580▼0.7% | 990 |
| 2010 | — | $29,522 | $233,976 | $245,265 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Hudson Drive 1 Inc a legitimate nonprofit?
- Yes. Hudson Drive 1 Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2985031, based in Akron, Ohio. Donations are tax-deductible.
- What is Hudson Drive 1 Inc's EIN?
- Hudson Drive 1 Inc's Employer Identification Number (EIN) is 75-2985031.
- How much revenue does Hudson Drive 1 Inc report?
- Hudson Drive 1 Inc reported $28,860 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Hudson Drive 1 Inc have?
- CharityIndex grades Hudson Drive 1 Inc D, based on financial health (reserves and operating margin).
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Data for Hudson Drive 1 Inc (EIN 75-2985031) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.