Civic Intelligence

Hanac Inc.

990 • Fiscal year 2010 • EIN 11-2290832

Jul 01, 2009 to Jun 30, 2010 • Filed on Apr 27, 2011

49 West 45th Street 4th Floor10036
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

66th percentile

0.50x

Higher debt load relative to assets than 66% of similar nonprofits.

2010 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$10,443,068

No earlier filing loaded for comparison.

Net Assets

$5,255,106

No earlier filing loaded for comparison.

Liabilities

$5,187,962

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$13,631,311

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $10,443,068Liabilities 2010: $5,187,962Net Assets 2010: $5,255,1062010Assets 2011: $16,288,594Liabilities 2011: $10,603,805Net Assets 2011: $5,684,7892011Assets 2012: $19,122,653Liabilities 2012: $13,100,823Net Assets 2012: $6,021,8302012Assets 2013: $19,279,934Liabilities 2013: $13,984,029Net Assets 2013: $5,295,9052013Assets 2014: $19,380,597Liabilities 2014: $13,897,629Net Assets 2014: $5,482,9682014Assets 2015: $20,547,477Liabilities 2015: $15,466,518Net Assets 2015: $5,080,9592015Assets 2016: $21,039,172Liabilities 2016: $16,517,745Net Assets 2016: $4,521,4272016Assets 2017: $21,309,190Liabilities 2017: $15,271,862Net Assets 2017: $6,037,3282017Assets 2018: $22,912,824Liabilities 2018: $16,453,770Net Assets 2018: $6,459,0542018Assets 2019: $23,068,383Liabilities 2019: $15,857,296Net Assets 2019: $7,211,0872019Assets 2020: $25,016,203Liabilities 2020: $17,327,358Net Assets 2020: $7,688,8452020Assets 2021: $24,898,755Liabilities 2021: $18,175,523Net Assets 2021: $6,723,2322021Assets 2022: $28,146,506Liabilities 2022: $17,528,355Net Assets 2022: $10,618,1512022Assets 2023: $29,101,730Liabilities 2023: $17,859,720Net Assets 2023: $11,242,0102023

Highlighted filing

2010

Assets$10,443,068
Liabilities$5,187,962
Net Assets$5,255,106

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $13,631,3112010Expenses 2011: $13,228,8572011Expenses 2012: $16,343,9992012Expenses 2013: $11,182,9332013Revenue 2014: $10,116,841Expenses 2014: $9,929,778Net Income 2014: $187,0632014Revenue 2015: $11,173,678Expenses 2015: $11,559,211Net Income 2015: -$385,5332015Revenue 2016: $11,721,539Expenses 2016: $12,285,464Net Income 2016: -$563,9252016Revenue 2017: $14,529,724Expenses 2017: $13,048,966Net Income 2017: $1,480,7582017Revenue 2018: $14,225,391Expenses 2018: $13,861,817Net Income 2018: $363,5742018Revenue 2019: $15,105,505Expenses 2019: $14,367,610Net Income 2019: $737,8952019Revenue 2020: $13,648,020Expenses 2020: $13,142,560Net Income 2020: $505,4602020Revenue 2021: $13,915,261Expenses 2021: $14,989,400Net Income 2021: -$1,074,1392021Revenue 2022: $20,374,188Expenses 2022: $16,419,676Net Income 2022: $3,954,5122022Revenue 2023: $18,684,279Expenses 2023: $18,065,917Net Income 2023: $618,3622023

Highlighted filing

2010

Revenue-
Expenses$13,631,311
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Apr 27, 2011
Return Version
2009v1.7
Gross Receipts
$16,061,240
Mission and Program Overview

Mission

To develop, implement and administer various services for the betterment of the general community including social, educational, employment training, mental health, cultural, child care, housing, home care for senior citizens, and youth services, to any and all who are needy without discrimination as to race, creed, national origin or other defining characteristic, and to work closely with other service providers, the city, state and federal government for the betterment of the community.

Major Activities

Activity 2
Aging - the hanac senior centers offer citizens, age 60 and above, an opportunity to gather in a congenial environment to participate in activities that will enhance their ability to remain active and involved in their community. The jvl senior center and its satellite the archbishop iakovos senior center are year round programs that operate daily from 9 am to 4 pm with scheduled programming that offer members active informal and planned social activities; the opportunity to develop new friendships, interest, hobbies, and educational opportunities; referrals for social services; and, a daily luncheon program. Members are encouraged to play an active role in program planning and in the daily operations of the centers. The advisory committee, at each center, is comprised of senior citizens and community leaders and meets regularly to discuss programmatic issues and to formulate new goals for the program. A strong emphasis is placed on services to the frail elderly. This program serves almost 50,000 meals annually with 970 educational/recreational activities and 12 nutrition classes. This program is funded through the new york city department for the aging with a budget of $633,854; meals and activities to over 2,000 elderly clients.
Activity 3
Education - the hanac begin program mission is to assist students to become financially independent by increasing their academic skills and providing them with job readiness and work experience. Public assistant recipients that reside in manhattan and parts of the bronx are eligible to participate in the program and are referred to us through the hra job centers every two weeks, year round. Our students are engaged 35 hours per week, 2 days in educational classes and 3 days at a worksite from 9 am to 5 pm. During our two week orientation, students are assessed and placed in their appropriate reading and math levels and are assigned a worksite by their caseworker. Students can remain in our program from 6 months to 18 months depending on their level and progress. Our begin work study program (bws) offers classes from literacy up to and including ged. Our language work study program (lws) offers english as a second language instruction from beginning to advance level. These programs are funded by the new york city human resources administration and serve approximately 1,000 students annually. The bws program has a budget of $792,292 and the lws has a budget of $545,041.
Filing and Contact Details

Filer

EIN
11-2290832
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IRS990/Activity2/Description0AGING - THE HANAC SENIOR CENTERS OFFER CITIZENS, AGE 60 AND ABOVE, AN OPPORTUNITY TO GATHER IN A CONGENIAL ENVIRONMENT TO PARTICIPATE IN ACTIVITIES THAT WILL ENHANCE THEIR ABILITY TO REMAIN ACTIVE AND INVOLVED IN THEIR COMMUNITY. THE JVL SENIOR CENTER AND ITS SATELLITE THE ARCHBISHOP IAKOVOS SENIOR CENTER ARE YEAR ROUND PROGRAMS THAT OPERATE DAILY FROM 9 AM TO 4 PM WITH SCHEDULED PROGRAMMING THAT OFFER MEMBERS ACTIVE INFORMAL AND PLANNED SOCIAL ACTIVITIES; THE OPPORTUNITY TO DEVELOP NEW FRIENDSHIPS, INTEREST, HOBBIES, AND EDUCATIONAL OPPORTUNITIES; REFERRALS FOR SOCIAL SERVICES; AND, A DAILY LUNCHEON PROGRAM. MEMBERS ARE ENCOURAGED TO PLAY AN ACTIVE ROLE IN PROGRAM PLANNING AND IN THE DAILY OPERATIONS OF THE CENTERS. THE ADVISORY COMMITTEE, AT EACH CENTER, IS COMPRISED OF SENIOR CITIZENS AND COMMUNITY LEADERS AND MEETS REGULARLY TO DISCUSS PROGRAMMATIC ISSUES AND TO FORMULATE NEW GOALS FOR THE PROGRAM. A STRONG EMPHASIS IS PLACED ON SERVICES TO THE FRAIL ELDERLY. THIS PROGRAM SERVES ALMOST 50,000 MEALS ANNUALLY WITH 970 EDUCATIONAL/RECREATIONAL ACTIVITIES AND 12 NUTRITION CLASSES. THIS PROGRAM IS FUNDED THROUGH THE NEW YORK CITY DEPARTMENT FOR THE AGING WITH A BUDGET OF $633,854; MEALS AND ACTIVITIES TO OVER 2,000 ELDERLY CLIENTS.
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IRS990/Activity3/Description0EDUCATION - THE HANAC BEGIN PROGRAM MISSION IS TO ASSIST STUDENTS TO BECOME FINANCIALLY INDEPENDENT BY INCREASING THEIR ACADEMIC SKILLS AND PROVIDING THEM WITH JOB READINESS AND WORK EXPERIENCE. PUBLIC ASSISTANT RECIPIENTS THAT RESIDE IN MANHATTAN AND PARTS OF THE BRONX ARE ELIGIBLE TO PARTICIPATE IN THE PROGRAM AND ARE REFERRED TO US THROUGH THE HRA JOB CENTERS EVERY TWO WEEKS, YEAR ROUND. OUR STUDENTS ARE ENGAGED 35 HOURS PER WEEK, 2 DAYS IN EDUCATIONAL CLASSES AND 3 DAYS AT A WORKSITE FROM 9 AM TO 5 PM. DURING OUR TWO WEEK ORIENTATION, STUDENTS ARE ASSESSED AND PLACED IN THEIR APPROPRIATE READING AND MATH LEVELS AND ARE ASSIGNED A WORKSITE BY THEIR CASEWORKER. STUDENTS CAN REMAIN IN OUR PROGRAM FROM 6 MONTHS TO 18 MONTHS DEPENDING ON THEIR LEVEL AND PROGRESS. OUR BEGIN WORK STUDY PROGRAM (BWS) OFFERS CLASSES FROM LITERACY UP TO AND INCLUDING GED. OUR LANGUAGE WORK STUDY PROGRAM (LWS) OFFERS ENGLISH AS A SECOND LANGUAGE INSTRUCTION FROM BEGINNING TO ADVANCE LEVEL. THESE PROGRAMS ARE FUNDED BY THE NEW YORK CITY HUMAN RESOURCES ADMINISTRATION AND SERVE APPROXIMATELY 1,000 STUDENTS ANNUALLY. THE BWS PROGRAM HAS A BUDGET OF $792,292 AND THE LWS HAS A BUDGET OF $545,041.
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IRS990/Description0RESIDENTIAL - THE WEATHERIZATION ASSISTANCE PROGRAM IS COMMITTED TO REDUCING HEATING AND ELECTRICAL COSTS WHILE INCREASING COMFORT FOR LOW-INCOME FAMILIES BY IMPROVING THE ENERGY EFFICIENCY OF THEIR HOMES. ONCE AN APPLICANT IS DEEMED ELIGIBLE, A COMPREHENSIVE ENERGY ANALYSIS OF THE APPLICANT'S HOME IS CONDUCTED. BASED ON THAT ANALYSIS AND THE FUNDS AVAILABLE, WEATHERIZATION MEASURES ARE INSTITUTED WHICH HAVE BEEN DETERMINED TO BE THE MOST COST-EFFECTIVE IN REDUCING THE APPLICANT'S ENERGY CONSUMPTION WHILE INCREASING THEIR COMFORT. WE PROVIDE ENERGY CONSERVATION MEASURES SUCH AS HIGH EFFICIENCY LIGHTING, ENERGY STAR REFRIGERATORS, ROOF INSULATION, BOILER AND WINDOW REPAIR AND REPLACEMENT AND MUCH MORE, DEPENDING ON ENERGY ANALYSIS OF EACH BUILDING. ANY SIZE BUILDING IS ELIGIBLE TO APPLY. WEATHERIZATION IS THE ONLY NEW YORK STATE DEPARTMENT OF HOUSING AND COMMUNITY RENEWAL (NYSDHCR) SPONSORED PROGRAM THAT EFFECTIVELY DEALS WITH ENERGY CONSERVATION AND GIVES BOTH SHORT-TERM AND LONG-TERM SAVINGS BENEFITS TO LANDLORD AND TENANTS. WAP Stimulus is contracted to provide energy efficiency to 1,200 units over a 2 year plus period. Phasing in the first year AND implementation the second contracted year. THE WAP PROGRAM PROVIDED ENERGY EFFICIENCY TO 546 DWELLINGS AND 1,000 CLIENTS THIS YEAR WITH AN ANNUAL BUDGET OF $8,420,202.
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IRS990/NbrVotingMembersGoverningBody011
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IRS990/NetIncomeFromFundraisingEvents/TotalRevenueColumn00
IRS990/NetIncomeFromGaming/TotalRevenueColumn00
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IRS990/OtherExpenses/Description2EQUIPMENT REPAIR/MAINTENANCE
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$29.1$17.9$11.2$18.7$18.1$0.62
2022Summary only. Only limited summary data is available for this year.$28.1$17.5$10.6$20.4$16.4$3.95
2021Summary only. Only limited summary data is available for this year.$24.9$18.2$6.72$13.9$15.0$1.07
2020Summary only. Only limited summary data is available for this year.$25.0$17.3$7.69$13.6$13.1$0.51
2019Summary only. Only limited summary data is available for this year.$23.1$15.9$7.21$15.1$14.4$0.74
2018Summary only. Only limited summary data is available for this year.$22.9$16.5$6.46$14.2$13.9$0.36
2017Summary only. Only limited summary data is available for this year.$21.3$15.3$6.04$14.5$13.0$1.48
2016Summary only. Only limited summary data is available for this year.$21.0$16.5$4.52$11.7$12.3$0.56
2015Summary only. Only limited summary data is available for this year.$20.5$15.5$5.08$11.2$11.6$0.39
2014Summary only. Only limited summary data is available for this year.$19.4$13.9$5.48$10.1$9.93$0.19
2013Summary only. Only limited summary data is available for this year.$19.3$14.0$5.30$11.2
2012Summary only. Only limited summary data is available for this year.$19.1$13.1$6.02$16.3
2011Summary only. Only limited summary data is available for this year.$16.3$10.6$5.68$13.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$5.19$5.26$13.6