Civic Intelligence

Hope Community Development Agency

990 • Fiscal year 2017 • EIN 20-4105073

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 07, 2018

715 Howard AvenueBiloxi, MS 39530

(228) 435-7180

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.42x

Higher debt load relative to assets than 82% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.54x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

96th percentile

$205,807

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 38.7% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

10th percentile

-18%

Faster asset growth than 10% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

1850%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$681,660

Down $148,372 (-18%) from 2016

Net Assets

Up

$395,117

Up $199,102 (+102%) from 2016

Liabilities

Down

$286,543

Down $347,474 (-55%) from 2016

Revenue

Up

$531,749

Up $504,480 (+1850%) from 2016

Expenses

Up

$332,647

Up $262,575 (+375%) from 2016

Net Income

Up

$199,102

Up $241,905 (+565%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,841,377Liabilities 2010: $720,515Net Assets 2010: $1,120,8622010Assets 2011: $1,741,073Liabilities 2011: $718,461Net Assets 2011: $1,022,6122011Assets 2012: $2,325,716Liabilities 2012: $872,219Net Assets 2012: $1,453,4972012Assets 2013: $2,608,660Liabilities 2013: $921,653Net Assets 2013: $1,687,0072013Assets 2014: $1,312,305Liabilities 2014: $685,695Net Assets 2014: $626,6102014Assets 2015: $873,493Liabilities 2015: $634,675Net Assets 2015: $238,8182015Assets 2016: $830,032Liabilities 2016: $634,017Net Assets 2016: $196,0152016Assets 2017: $681,660Liabilities 2017: $286,543Net Assets 2017: $395,1172017Assets 2018: $587,539Liabilities 2018: $283,283Net Assets 2018: $304,2562018Assets 2019: $567,859Liabilities 2019: $274,773Net Assets 2019: $293,0862019

Highlighted filing

2017

Assets$681,660
Liabilities$286,543
Net Assets$395,117

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $3,032,310Expenses 2010: $2,850,137Net Income 2010: $182,1732010Expenses 2011: $3,761,0732011Expenses 2012: $3,688,5162012Revenue 2013: $2,302,583Expenses 2013: $2,069,073Net Income 2013: $233,5102013Revenue 2014: $501,046Expenses 2014: $1,632,138Net Income 2014: -$1,131,0922014Revenue 2015: $240,945Expenses 2015: $693,613Net Income 2015: -$452,6682015Revenue 2016: $27,269Expenses 2016: $70,072Net Income 2016: -$42,8032016Revenue 2017: $531,749Expenses 2017: $332,647Net Income 2017: $199,1022017Revenue 2018: $35,719Expenses 2018: $126,580Net Income 2018: -$90,8612018Revenue 2019: $45,163Expenses 2019: $56,333Net Income 2019: -$11,1702019

Highlighted filing

2017

Revenue$531,749
Expenses$332,647
Net Income$199,102
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$840,061
Mission and Program Overview

Mission

To support the individuals, families, small businesses, and neighborhoods of east biloxi, mississippi as they rebuild their community in the wake of hurricane katrina.

Activities include linking clients with direct services, coordinating planning for redevelopment efforts, providing architectural design and technical expertise, and facilitating private sector and community investment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$-3,692$159,325▲ $163,017
Accounts Receivable$50,861$50,000▼ $861
Prepaid Expenses and Deferred Charges$4,293$0▼ $4,293
Land, Buildings, and Equipment, Net$4,375$2,159▼ $2,216
Total Assets$830,032$681,660▼ $148,372
Other Assets Total$774,195$470,176▼ $304,019
Liabilities
Mortgage Notes Payable Secured by Investment Property$516,563$211,837▼ $304,726
Accounts Payable and Accrued Expenses$88,491$0▼ $88,491
Other Liabilities$0$47,243▲ $47,243
Deferred Revenue$27,463$27,463→ $0
Escrow Account Liability$1,500$0▼ $1,500
Total Liabilities$634,017$286,543▼ $347,474
Net Assets / Fund Balance
Unrestricted Net Assets$196,015$395,117▲ $199,102
Total Net Assets Fund Balance$196,015$395,117▲ $199,102
Total Liabilities and Net Assets / Fund Balance$830,032$681,660▼ $148,372

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,159$178,080$180,239
Other Assets Org$173,463--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
William F StallworthExecutive DirectorFT$205,807$205,807

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-151,915
Other Revenue
$683,664
Change in Net Assets
$199,102
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$332,647
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$220,427$43,757-$264,184
Occupancy$4,836$16,662-$21,498
Insurance$18,940--$18,940
Interest$15,087--$15,087
Office Expenses$1,106$6,742-$7,848
Depreciation Depletion$2,216--$2,216
Fees for Services Legal$2,013--$2,013
Other Expenses$861--$861
Total Functional Expenses$265,486$67,161$0$332,647
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to William Stallworth$47,243
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The results of the audit are shared with the board of directors and a copy of the 990 is provided upon request.

Form 990, Part VI, Section B, Line 12C

All employees and all board members sign conflicts of interests policies and it is updated annually.

Form 990, Part VI, Section B, Line 15

The executive director's compensation is governed by the board of directors and in accordance with like positions of its kind locally. Salaries for key employees are determined by the executive director and in accordance with like positions of their kinds locally.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Hope Community Development Agency
EIN
20-4105073
Phone
2284357180
Address
715 HOWARD AVENUE, BILOXI, MS 39530

Signing Officer

Name
William F Stallworth
Title
Executive Director
Phone
2284357180
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William F Stallworth
Formed
2005
Legal Domicile
Ms
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
1117 BOLL WEEVIL CIRCLE, ENTERPRISE, AL 36330
Preparer
J Michael Maddox
Phone
3343470088
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other fees: program service expenses 14,620. Management and general expenses 43,757. Fundraising expenses 0. Total expenses 58,377. Contract labor: program service expenses 205,807. Management and general expenses 0. Fundraising expenses 0. Total expenses 205,807.

Financial Statement Notes

PART IV, LINE 2B:

The agency receives funds on behalf of specific individuals who are participants in the agency's various rehabilitation and construction programs. These funds are held by the agency for use on specific and related projects.

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IRS990ScheduleA/PublicSupportCY509Pct00.74890
IRS990ScheduleA/PublicSupportPY509Pct00.90520
IRS990ScheduleA/PublicSupportTotal509Amt02853546
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0212317
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0927886
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01713343
IRS990ScheduleA/Total509Grp/TotalAmt02853546
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0683762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt027269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0295447
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0501046
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02302583
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03810107
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02159
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0178080
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0180239
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01786
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1294927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2173463
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RENTAL PROPERTY, NET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNDEVELOPED LOTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO WILLIAM STALLWORTH
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE AGENCY RECEIVES FUNDS ON BEHALF OF SPECIFIC INDIVIDUALS WHO ARE PARTICIPANTS IN THE AGENCY'S VARIOUS REHABILITATION AND CONSTRUCTION PROGRAMS. THESE FUNDS ARE HELD BY THE AGENCY FOR USE ON SPECIFIC AND RELATED PROJECTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02159
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0470176
IRS990ScheduleD/TotalLiabilityAmt047243
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0205807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WILLIAM F STALLWORTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0205807
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt01099 INCOME PAID TO WILLIAM STALLWORTH DURING 2017 REPRESENTS BACK PAY FOR 2016 AS WELL AS PAY FOR 2017. THE AGENCY HAD CEASED ALL SIGNIFICANT ACTIVITIES DURING 2016 AND 2017. WILLIAM ASSISTED WITH WINDING DOWN THE ORGANIZATION AND WAS AVAILABLE TO PERFORM DUTIES FOR OTHER ORGANIZATIONS. THEREFORE, HE WAS APPROPRIATELY CONSIDERED A CONTRACT EMPLOYEE FOR THOSE PERIODS.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RESULTS OF THE AUDIT ARE SHARED WITH THE BOARD OF DIRECTORS AND A COPY OF THE 990 IS PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL EMPLOYEES AND ALL BOARD MEMBERS SIGN CONFLICTS OF INTERESTS POLICIES AND IT IS UPDATED ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION IS GOVERNED BY THE BOARD OF DIRECTORS AND IN ACCORDANCE WITH LIKE POSITIONS OF ITS KIND LOCALLY. SALARIES FOR KEY EMPLOYEES ARE DETERMINED BY THE EXECUTIVE DIRECTOR AND IN ACCORDANCE WITH LIKE POSITIONS OF THEIR KINDS LOCALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER FEES: PROGRAM SERVICE EXPENSES 14,620. MANAGEMENT AND GENERAL EXPENSES 43,757. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 58,377. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 205,807. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,807.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0830032
IRS990/TotalAssetsEOYAmt0681660
IRS990/TotalAssetsGrp/BOYAmt0830032
IRS990/TotalAssetsGrp/EOYAmt0681660
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt067161
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0265486
IRS990/TotalFunctionalExpensesGrp/TotalAmt0332647
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0634017
IRS990/TotalLiabilitiesEOYAmt0286543
IRS990/TotalLiabilitiesGrp/BOYAmt0634017
IRS990/TotalLiabilitiesGrp/EOYAmt0286543
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0196015
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0395117
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0265486
IRS990/TotalReportableCompFromOrgAmt0205807
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0531749
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0531749
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0830032
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0681660
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0196015
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0395117
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0715 HOWARD AVENUE
IRS990/USAddress/CityNm0BILOXI
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd039530
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.HOPECDA.ORG
IRS990/WhistleblowerPolicyInd01

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