Civic Intelligence

Hope Helps Inc.

990 • Fiscal year 2020 • EIN 20-8490916

Jan 01, 2020 to Dec 31, 2020 • Filed on May 26, 2021

812 Eyrie DrOviedo, FL 32765

(407) 366-3422

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.33x

Higher debt load relative to assets than 72% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

73rd percentile

0.38x

Higher debt load relative to revenue than 73% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

59th percentile

10.0%

Higher net margin than 59% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$75,863

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

65th percentile

14%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

24th percentile

-19%

Faster revenue growth than 24% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,053,315

Up $251,660 (+14%) from 2019

Net Assets

Up

$1,377,560

Up $179,067 (+15%) from 2019

Liabilities

Up

$675,755

Up $72,593 (+12%) from 2019

Revenue

Down

$1,793,334

Down $416,197 (-19%) from 2019

Expenses

Down

$1,614,267

Down $537,059 (-25%) from 2019

Net Income

Up

$179,067

Up $120,862 (+208%) from 2019

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 2011: $198,519Liabilities 2011: $20,827Net Assets 2011: $177,6922011Assets 2012: $179,943Liabilities 2012: $15,328Net Assets 2012: $164,6152012Assets 2013: $184,494Liabilities 2013: $16,814Net Assets 2013: $167,6802013Assets 2014: $634,853Liabilities 2014: $324,063Net Assets 2014: $310,7902014Assets 2015: $757,088Liabilities 2015: $380,598Net Assets 2015: $376,4902015Assets 2016: $1,815,600Liabilities 2016: $802,846Net Assets 2016: $1,012,7542016Assets 2017: $1,736,043Liabilities 2017: $645,824Net Assets 2017: $1,090,2192017Assets 2018: $1,768,310Liabilities 2018: $628,022Net Assets 2018: $1,140,2882018Assets 2019: $1,801,655Liabilities 2019: $603,162Net Assets 2019: $1,198,4932019Assets 2020: $2,053,315Liabilities 2020: $675,755Net Assets 2020: $1,377,5602020Assets 2021: $2,160,069Liabilities 2021: $659,392Net Assets 2021: $1,500,6772021Assets 2022: $2,140,910Liabilities 2022: $637,507Net Assets 2022: $1,503,4032022Assets 2023: $2,009,480Liabilities 2023: $626,044Net Assets 2023: $1,383,4362023Assets 2024: $1,949,321Liabilities 2024: $609,744Net Assets 2024: $1,339,5772024

Highlighted filing

2020

Assets$2,053,315
Liabilities$675,755
Net Assets$1,377,560

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,851,298Expenses 2011: $1,858,439Net Income 2011: -$7,1412011Revenue 2012: $1,879,268Expenses 2012: $1,892,345Net Income 2012: -$13,0772012Revenue 2013: $1,707,450Expenses 2013: $1,704,385Net Income 2013: $3,0652013Revenue 2014: $1,762,274Expenses 2014: $1,619,164Net Income 2014: $143,1102014Revenue 2015: $1,918,470Expenses 2015: $1,852,770Net Income 2015: $65,7002015Revenue 2016: $2,334,375Expenses 2016: $1,698,111Net Income 2016: $636,2642016Revenue 2017: $1,877,302Expenses 2017: $1,799,837Net Income 2017: $77,4652017Revenue 2018: $1,936,033Expenses 2018: $1,885,964Net Income 2018: $50,0692018Revenue 2019: $2,209,531Expenses 2019: $2,151,326Net Income 2019: $58,2052019Revenue 2020: $1,793,334Expenses 2020: $1,614,267Net Income 2020: $179,0672020Revenue 2021: $2,140,246Expenses 2021: $1,877,140Net Income 2021: $263,1062021Revenue 2022: $2,466,867Expenses 2022: $2,464,141Net Income 2022: $2,7262022Revenue 2023: $2,710,866Expenses 2023: $2,830,833Net Income 2023: -$119,9672023Revenue 2024: $3,414,102Expenses 2024: $3,457,961Net Income 2024: -$43,8592024

Highlighted filing

2020

Revenue$1,793,334
Expenses$1,614,267
Net Income$179,067
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 26, 2021
Return Version
2020v4.0
Gross Receipts
$1,802,994
Mission and Program Overview

Mission

To prevent and reduce homelessness in central florida by equipping individuals and families to become self-sufficient through housing, outreach, prevention, and education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,348,873$1,318,711▼ $30,162
Cash and Non-Interest-Bearing Accounts$322,451$695,542▲ $373,091
Pledges and Grants Receivable$117,459$30,535▼ $86,924
Total Assets$1,801,655$2,053,315▲ $251,660
Other Assets Total$12,872$8,527▼ $4,345
Liabilities
Mortgage Notes Payable Secured by Investment Property$566,980$542,250▼ $24,730
Other Liabilities-$108,830-
Accounts Payable and Accrued Expenses$36,182$24,675▼ $11,507
Total Liabilities$603,162$675,755▲ $72,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,013,077$1,214,072▲ $200,995
Net Assets With Donor Restrictions$185,416$163,488▼ $21,928
Total Net Assets Fund Balance$1,198,493$1,377,560▲ $179,067
Total Liabilities and Net Assets / Fund Balance$1,801,655$2,053,315▲ $251,660

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$755,407$126,652$882,059
Land$531,446-$531,446
Equipment$31,858$47,552$79,410
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joan FaulknerCEOFT$75,863$75,863
Janis WilliamsCFOPT$18,123$18,123

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,333,105
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$460,229
All Other Contributions
$1,333,105
Change in Net Assets
$179,067

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$475,381Fair Market Value (FMV)
Other Non Cash Contri Table1$33,048Fair Market Value (FMV)
Clothing and Household Goods-$26,017Fair Market Value (FMV)
Other Non Cash Contri Table1$19,725Fair Market Value (FMV)
Total Noncash Contributions3$554,171-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,793,334
Revenue Not Reported on Form 990
$1,640
Total Revenue per Audited Statements
$1,794,974
Total Revenue per Form 990
$1,793,334
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$722,053
Salaries, Compensation, and Employee Benefits$660,214
Other Expenses$232,000
Total Fundraising Expense$170,619
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$722,053--$722,053
Other Salaries and Wages$373,713$26,452$76,953$477,118
Current Officers, Directors, Trustees, and Key Employees$50,270$17,301$26,415$93,986
Occupancy$48,127$4,278$2,833$55,238
Payroll Taxes$39,115$4,037$9,537$52,689
Other Employee Benefits$27,038$2,791$6,592$36,421
Depreciation Depletion$23,076$2,898$7,997$33,971
Interest$22,423$2,242$2,298$26,963
Office Expenses$18,164$2,569$5,931$26,664
Information Technology$9,937$2,657$10,755$23,349
Insurance$14,391$4,389$2,200$20,980
Advertising$4,539$356$7,401$12,296
Fees for Services Accounting-$5,500-$5,500
Travel$4,079$67$204$4,350
Conferences and Meetings$1,257$677$1,652$3,586
Other Expenses$431$393$1,168$1,992
Total Functional Expenses$1,367,041$76,607$170,619$1,614,267

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,615,907
Expenses per Audited Statements$1,614,267
Total Expenses per Form 990$1,614,267
Expenses Not Reported on Form 990$1,640
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,561
Fundraising Direct Expenses$9,660
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
SHAMROCK 'N RUN$48,003$48,003$745$47,258
Other$7,558$7,558-$7,558
Total Events$61,561$61,561$9,660$51,901
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Paycheck Protection Program$108,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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, Page 6, Part VI, Line 11B

Once the 990 is completed, a full copy is emailed out to the executive committee for their feedback, comments, and questions. Once all interested parties have responded and any questions or comments are addressed, form 990 is submitted

Form 990, Page 6, Part VI, Line 12C

The current board of directors and officers were present and instrumental in the development and passage of the current conflict of interest policy. The policy spells out the specific procedures the board and officers shall follow if a suspected conflict of interest exists. If a potential conflict does exists, the member is excused from both the discussion and the vote on the specific topic.

Form 990, Page 6, Part VI, Line 15A

Periodically, during the budgetary process, the salaries and benefits of key employees is raised. During this process, research as to the compensation packages of employees in similar positions at similarly sized non-profits is pursued. The board of directors votes on a compensation adjustment for the ceo. The chief executive officer, in her discretion, adjusts the compensation of other employees as necessary.

Form 990, Page 6, Part VI, Line 15B

Periodically, during the budgetary process, the salaries and benefits of key employees is raised. During this process, research as to the compensation packages of employees in similar positions at similarly sized non-profits is pursued. The board of directors votes on a compensation adjustment for all key employees. The chief executive officer, in her discretion, adjusts the compensation of other employees as necessary.

Form 990, Page 6, Part VI, Line 19

Hope maintains an open atmosphere regarding governing documents, policies, and financial statements. A request need only be made orally, in writing, or via e-mail for copies of these documents and they will be made available. The contact information is easily found on the organization's website or at their location.

Filing and Contact Details

Filer

Filer Name
Hope Helps Inc
EIN
20-8490916
Phone
4073663422
Address
812 EYRIE DR, OVIEDO, FL 32765

Signing Officer

Name
Joan Faulkner
Title
CEO
Phone
4073664406
Signed
2021-05-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Faulkner
Formed
2007
Legal Domicile
Fl
Voting Board Members
14
Independent Board Members
14
Employees
28
Volunteers
1,000

Preparer

Firm
Moss Krusick & Associates LLC
Address
501 S NEW YORK AVE STE 100, WINTER PARK, FL 32789-4241
Preparer
W Ed Moss Jr
Phone
4076445811
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Food pantry the food pantry provides nonperishable food, produce, meat and fresh bread, 4-days per week, all at no charge, and runs kids of hope,a summer and school breaks lunch program for the disadvantaged children of the community. The organization partners with second harvest food bank of central florida, and the emergency food assistance program (tefap). Hope's emergency network service(hens) delivers food to homebound elderly or disabled who cannot get to hope's facility. The food pantry is supported by a large team of volunteers that assist the staff to run the daily operations, coordinate pick-ups and ongoing food drives hosted by local schools, churches, businesses and many other organizations. The kids of hope lunch program is funded primarily through grants and food donations.

Form 990, Page 2, Part III, Line 4C

Resource center- at this time we accept walk-ins, referrals and assist individuals and families with the following: -basic needs (food, clothing) -case management -access to resources -financial assistance -educational programs -financial management -computer center/access assistance in applying for medicaid and food stamps as well as resume preparation. Our goal is to focus on prevention and promote accountability so individuals and families can take the steps necessary to move on to self-sufficiency.

Financial Statement Notes

Schedule D, Page 3, Part X

Hope is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. The organization has been determined by the internal revenue service not to be a private organization. There was no unrelated business income for the current year. Management has concluded that as of december 31, 2020 there are no uncertain tax positions taken or expected to be taken by the organization that would require recognition of a liability (or asset) or disclosure in the financial statements. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The organization is no longer subject to income tax examination for years prior to 2018.

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IRS990/Desc0FOOD PANTRY THE FOOD PANTRY PROVIDES NONPERISHABLE FOOD, PRODUCE, MEAT AND FRESH BREAD, 4-DAYS PER WEEK, ALL AT NO CHARGE, AND RUNS KIDS OF HOPE,A SUMMER AND SCHOOL BREAKS LUNCH PROGRAM FOR THE DISADVANTAGED CHILDREN OF THE COMMUNITY. THE ORGANIZATION PARTNERS WITH SECOND HARVEST FOOD BANK OF CENTRAL FLORIDA, AND THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP). HOPE'S EMERGENCY NETWORK SERVICE(HENS) DELIVERS FOOD TO HOMEBOUND ELDERLY OR DISABLED WHO CANNOT GET TO HOPE'S FACILITY. THE FOOD PANTRY IS SUPPORTED BY A LARGE TEAM OF VOLUNTEERS THAT ASSIST THE STAFF TO RUN THE DAILY OPERATIONS, COORDINATE PICK-UPS AND ONGOING FOOD DRIVES HOSTED BY LOCAL SCHOOLS, CHURCHES, BUSINESSES AND MANY OTHER ORGANIZATIONS. THE KIDS OF HOPE LUNCH PROGRAM IS FUNDED PRIMARILY THROUGH GRANTS AND FOOD DONATIONS.
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IRS990/MissionDesc0TO PREVENT AND REDUCE HOMELESSNESS IN CENTRAL FLORIDA BY EQUIPPING INDIVIDUALS AND FAMILIES TO BECOME SELF-SUFFICIENT THROUGH HOUSING, OUTREACH, PREVENTION, AND EDUCATION.
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IRS990/PrincipalOfficerNm0JOAN FAULKNER
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE HOPE CHEST- HOPE'S THRIFT STORE/BOUTIQUE IS BLESSED WITH MANY QUALITY DONATIONS, SOME NEW AND GENTLY USED, ALL FROM OUR COMMUNITY AND FOR SALE TO THE GENERAL PUBLIC. WE ACCEPT CLOTHING, SHOES, SPORTS GEAR, WORKING ELECTRONICS, MUSIC, MOVIES, FURNITURE, NEW BEDDING, JEWELRY, TOOLS AND LAWN EQUIPMENT, INFANT SUPPLIES, HOUSEWARES AND ANTIQUES. WE PROVIDE BASIC NECESSITIES TO THOSE WHO COME FOR ASSISTANCE AT NO CHARGE VIA A VOUCHER PROGRAM THROUGH OUR RESOURCE CENTER, PARTNER SERVICE AGENCIES OR CHURCH REFERRALS. ALL PROCEEDS FROM THE SALES ARE USED TO COVER GENERAL OPERATIONS FUNDING OF HOPE'S MISSION.
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IRS990/ProgSrvcAccomActy3Grp/Desc0RESOURCE CENTER- AT THIS TIME WE ACCEPT WALK-INS, REFERRALS AND ASSIST INDIVIDUALS AND FAMILIES WITH THE FOLLOWING: -BASIC NEEDS (FOOD, CLOTHING) -CASE MANAGEMENT -ACCESS TO RESOURCES -FINANCIAL ASSISTANCE -EDUCATIONAL PROGRAMS -FINANCIAL MANAGEMENT -COMPUTER CENTER/ACCESS ASSISTANCE IN APPLYING FOR MEDICAID AND FOOD STAMPS AS WELL AS RESUME PREPARATION. OUR GOAL IS TO FOCUS ON PREVENTION AND PROMOTE ACCOUNTABILITY SO INDIVIDUALS AND FAMILIES CAN TAKE THE STEPS NECESSARY TO MOVE ON TO SELF-SUFFICIENCY.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HOPE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE ORGANIZATION. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE CURRENT YEAR. MANAGEMENT HAS CONCLUDED THAT AS OF DECEMBER 31, 2020 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BY THE ORGANIZATION THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION FOR YEARS PRIOR TO 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.95$0.61$1.34$3.41$3.46$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.01$0.63$1.38$2.71$2.83$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.14$0.64$1.50$2.47$2.46$0.00
2021Detailed filing. Detailed filing data is available for this year.$2.16$0.66$1.50$2.14$1.88$0.26
2020Detailed filing. Detailed filing data is available for this year.$2.05$0.68$1.38$1.79$1.61$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.80$0.60$1.20$2.21$2.15$0.06
2018Summary only. Only limited summary data is available for this year.$1.77$0.63$1.14$1.94$1.89$0.05
2017Summary only. Only limited summary data is available for this year.$1.74$0.65$1.09$1.88$1.80$0.08
2016Summary only. Only limited summary data is available for this year.$1.82$0.80$1.01$2.33$1.70$0.64
2015Summary only. Only limited summary data is available for this year.$0.76$0.38$0.38$1.92$1.85$0.07
2014Summary only. Only limited summary data is available for this year.$0.63$0.32$0.31$1.76$1.62$0.14
2013Summary only. Only limited summary data is available for this year.$0.18$0.02$0.17$1.71$1.70$0.00
2012Summary only. Only limited summary data is available for this year.$0.18$0.02$0.16$1.88$1.89$0.01
2011Summary only. Only limited summary data is available for this year.$0.20$0.02$0.18$1.85$1.86$0.01