Civic Intelligence

Hope Helps Inc.

990 • Fiscal year 2023 • EIN 20-8490916

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 24, 2024

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

75th percentile

0.31x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

68th percentile

0.23x

Higher debt load relative to revenue than 68% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

31st percentile

-4.4%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

64th percentile

$92,297

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

18th percentile

-6.1%

Faster asset growth than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

9.9%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,009,480

Down $131,430 (-6.1%) from 2022

Net Assets

Down

$1,383,436

Down $119,967 (-8.0%) from 2022

Liabilities

Down

$626,044

Down $11,463 (-1.8%) from 2022

Revenue

Up

$2,710,866

Up $243,999 (+9.9%) from 2022

Expenses

Up

$2,830,833

Up $366,692 (+15%) from 2022

Net Income

Down

-$119,967

Down $122,693 (-4501%) from 2022

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

2023

Assets$2,009,480
Liabilities$626,044
Net Assets$1,383,436

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

2023

Revenue$2,710,866
Expenses$2,830,833
Net Income-$119,967
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 24, 2024
Return Version
2023v5.0
Gross Receipts
$2,725,635
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.

To prevent and reduce hunger and 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$1,261,216$1,239,858▼ $21,358
Cash and Non-Interest-Bearing Accounts$580,143$486,186▼ $93,957
Investments in Publicly Traded Securities$255,604$258,690▲ $3,086
Pledges and Grants Receivable$20,147$6,959▼ $13,188
Intangible Assets$6,339--
Total Assets$2,140,910$2,009,480▼ $131,430
Other Assets Total$17,461$17,787▲ $326
Liabilities
Mortgage Notes Payable Secured by Investment Property$495,382$464,873▼ $30,509
Deferred Revenue$88,733$89,822▲ $1,089
Accounts Payable and Accrued Expenses$53,392$71,349▲ $17,957
Total Liabilities$637,507$626,044▼ $11,463
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,483,256$1,376,477▼ $106,779
Net Assets With Donor Restrictions$20,147$6,959▼ $13,188
Total Net Assets Fund Balance$1,503,403$1,383,436▼ $119,967
Total Liabilities and Net Assets / Fund Balance$2,140,910$2,009,480▼ $131,430

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$694,340$203,334$897,674
Land$531,446-$531,446
Equipment$14,072$66,767$80,839
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Joan FaulknerCEOFT$92,297$92,297
Cathy MelendezCFOPT$25,809$25,809
Julie GardellCFOPT$23,165$23,165

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,011,663
Program Service Revenue
$0
Investment Income
$3,111
Other Revenue
$696,092
All Other Contributions
$2,011,663
Change in Net Assets
$-119,967

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$1,116,393Fair Market Value (FMV)
Other Non Cash Contri Table3,862$195,896Fair Market Value (FMV)
Total Noncash Contributions3,863$1,312,289-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,710,866
Total Revenue per Audited Statements
$2,710,866
Total Revenue per Form 990
$2,710,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,603,786
Salaries, Compensation, and Employee Benefits$937,355
Other Expenses$289,692
Total Fundraising Expense$148,336
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$1,603,786--$1,603,786
Other Salaries and Wages$419,024$182,658$74,303$675,985
Current Officers, Directors, Trustees, and Key Employees$87,569$38,172$15,528$141,269
Occupancy$59,445$12,550$3,806$75,801
Payroll Taxes$46,738$20,374$8,288$75,400
Other Employee Benefits$27,709$12,079$4,913$44,701
Depreciation Depletion$22,684$3,099$8,648$34,431
Interest$18,065$3,814$1,157$23,036
Office Expenses$16,632$5,332$457$22,421
Information Technology$6,225$6,776$8,073$21,074
Insurance$14,486$5,247$1,207$20,940
Advertising$9,468$3,784$3,712$16,964
Travel$4,861$5,163$2,996$13,020
Fees for Services Accounting$2,883$4,862$1,081$8,826
Conferences and Meetings$3,002$3,188$1,851$8,041
Other Expenses$1,150$459$451$2,060
Total Functional Expenses$2,370,486$312,011$148,336$2,830,833

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,830,833
Total Expenses per Audited Statements$2,830,833
Total Expenses per Form 990$2,830,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$50,033
Fundraising Direct Expenses$14,769
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
SHAMROCK 'N RUN$50,033$50,033$14,769$35,264
Total Events$50,033$50,033$14,769$35,264
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 chief executive officer, in her discretion, adjusts the compensation of 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
2024-06-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joan Faulkner
Formed
2007
Legal Domicile
Fl
Voting Board Members
17
Independent Board Members
17
Employees
39
Volunteers
1,355

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, 2023 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 2019.

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IRS990/Form990PartVIISectionAGrp/PersonNm18CATHY MELENDEZ
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IRS990/MissionDesc0TO PREVENT AND REDUCE HUNGER AND 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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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