Hudson Drive 2 Inc
Only null% goes to programs Strong reserves Growing revenue
Hudson Drive 2 Inc is a 501(c)(3) organization based in Akron, Ohio, registered in 2002, with $35,444 in FY2023 revenue. CharityIndex grades it C+.
725 E Market St, Akron, OH, 44305 EIN 75-2985047 Since 2002
Revenue (FY2023)
$35K
▲ 0.0% vs prior year
Housing median: $408K
Expenses (FY2023)
$43K
Net assets
$185K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—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 2 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating51 mo reserves · -22% 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 2 Inc: 51 mo reserves · -22% margin earns a C+ 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 2 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 2 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 $21K (FY2013) to $35K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4,039Net assets $185K
Operating margin
-21.9%
Spent more than it raised in the latest fiscal year.
Total assets
$189K
Total liabilities
$4,039
Net assets
$185K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $35,444 | $43,210▲34.1% | $185,399▼4.0% | $189,438▼2.5% | 990 |
| 2022 | $35,443▲10.6% | $32,227▼7.3% | $193,165▲1.7% | $194,240▲1.2% | 990 |
| 2021 | $32,047▲15.5% | $34,749▲0.6% | $189,949▼1.4% | $191,865▼1.9% | 990 |
| 2020 | $27,744▲0.2% | $34,545▲5.8% | $192,651▼3.4% | $195,518▼3.0% | 990 |
| 2019 | $27,694▲10.7% | $32,637▲8.4% | $199,452▼2.4% | $201,575▼5.7% | 990 |
| 2018 | $25,023▼1.6% | $30,096▲10.2% | $204,395▼2.4% | $213,773▼0.3% | 990 |
| 2017 | $25,431▲14.5% | $27,300▼1.3% | $209,468▼0.9% | $214,402▼0.7% | 990 |
| 2016 | $22,206▲3.6% | $27,664▼14.8% | $211,337▼2.5% | $215,907▼1.6% | 990 |
| 2015 | $21,431▼9.5% | $32,483▲14.5% | $216,795▲4.9% | $219,315▼4.6% | 990 |
| 2014 | $23,692▲11.1% | $28,363▲6.7% | $206,727▼2.2% | $229,945▼1.2% | 990 |
| 2013 | $21,333 | $26,587 | $211,398▼2.4% | $232,675▼1.1% | 990 |
| 2012 | — | $26,580▼5.2% | $216,652▼2.9% | $235,288▼3.3% | 990 |
| 2011 | — | $28,034▼6.2% | $223,108▼2.8% | $243,308▼1.1% | 990 |
| 2010 | — | $29,900 | $229,431 | $246,131 | 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 2 Inc a legitimate nonprofit?
- Yes. Hudson Drive 2 Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2985047, based in Akron, Ohio. Donations are tax-deductible.
- What is Hudson Drive 2 Inc's EIN?
- Hudson Drive 2 Inc's Employer Identification Number (EIN) is 75-2985047.
- How much revenue does Hudson Drive 2 Inc report?
- Hudson Drive 2 Inc reported $35,444 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Hudson Drive 2 Inc have?
- CharityIndex grades Hudson Drive 2 Inc C+, based on financial health (reserves and operating margin).
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Data for Hudson Drive 2 Inc (EIN 75-2985047) 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.