Civic Intelligence

Hancock Resource Center

990 • Fiscal year 2014 • EIN 26-3648017

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

308 Highway 90 Suite DWaveland, MS 39576

(228) 463-8887

Siviq Scores

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

Liabilities / Assets

67th percentile

0.17x

Higher debt load relative to assets than 67% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.06x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

25th percentile

-6.6%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

85th percentile

$89,608

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Assets

Down

$346,596

Down $97,940 (-22%) from 2010

Net Assets

Up

$286,584

Up $31,465 (+12%) from 2010

Liabilities

Down

$60,012

Down $129,405 (-68%) from 2010

Revenue

$973,525

No earlier filing loaded for comparison.

Expenses

Down

$1,037,528

Down $326,881 (-24%) from 2010

Net Income

-$64,003

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.

$800K$600K$400K$200K$0-$200KAssets 2010: $444,536Liabilities 2010: $189,417Net Assets 2010: $255,1192010Assets 2014: $346,596Liabilities 2014: $60,012Net Assets 2014: $286,5842014Assets 2015: $229,679Liabilities 2015: $106,939Net Assets 2015: $122,7402015Assets 2016: $198,453Liabilities 2016: $125,139Net Assets 2016: $73,3142016Assets 2017: $208,846Liabilities 2017: $131,214Net Assets 2017: $77,6322017Assets 2018: $210,131Liabilities 2018: $119,372Net Assets 2018: $90,7592018Assets 2019: $189,045Liabilities 2019: $148,429Net Assets 2019: $40,6162019Assets 2020: $372,636Liabilities 2020: $498,830Net Assets 2020: -$126,1942020Assets 2022: $408,019Liabilities 2022: $364,705Net Assets 2022: $43,3142022Assets 2023: $431,887Liabilities 2023: $388,981Net Assets 2023: $42,9062023Assets 2024: $341,109Liabilities 2024: $305,113Net Assets 2024: $35,9962024Assets 2025: $644,700Liabilities 2025: $649,382Net Assets 2025: -$4,6822025

Highlighted filing

2014

Assets$346,596
Liabilities$60,012
Net Assets$286,584

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,364,4092010Revenue 2014: $973,525Expenses 2014: $1,037,528Net Income 2014: -$64,0032014Revenue 2015: $832,069Expenses 2015: $997,779Net Income 2015: -$165,7102015Revenue 2016: $952,180Expenses 2016: $1,001,606Net Income 2016: -$49,4262016Revenue 2017: $1,207,083Expenses 2017: $1,202,765Net Income 2017: $4,3182017Revenue 2018: $1,255,156Expenses 2018: $1,242,030Net Income 2018: $13,1262018Revenue 2019: $1,193,410Expenses 2019: $1,237,043Net Income 2019: -$43,6332019Revenue 2020: $1,503,760Expenses 2020: $1,670,570Net Income 2020: -$166,8102020Revenue 2022: $2,260,359Expenses 2022: $2,071,991Net Income 2022: $188,3682022Revenue 2023: $1,968,027Expenses 2023: $1,968,435Net Income 2023: -$4082023Revenue 2024: $1,852,460Expenses 2024: $1,859,370Net Income 2024: -$6,9102024Revenue 2025: $2,334,242Expenses 2025: $2,334,920Net Income 2025: -$6782025

Highlighted filing

2014

Revenue$973,525
Expenses$1,037,528
Net Income-$64,003
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$973,525
Mission and Program Overview

Mission

The hancock resource center works to stabilize families and strengthen the community. Our mission is accomplished by addressing obstacles and barriers to housing and coordinating services for families in need.

The Hancock Resource Center provides comprehensive coordination for the planning and implementation of county and municipal housing activities and services in three key areas: Home Rehab; Community Development; and Housing Counseling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$91,873$125,975▲ $34,102
Cash and Non-Interest-Bearing Accounts$201,193$118,102▼ $83,091
Savings and Temporary Cash Investments$82,233$82,274▲ $41
Land, Buildings, and Equipment, Net$17,063$10,684▼ $6,379
Prepaid Expenses and Deferred Charges$6,875$4,261▼ $2,614
Pledges and Grants Receivable$6,787$3,400▼ $3,387
Total Assets$406,384$346,596▼ $59,788
Other Assets Total$360$1,900▲ $1,540
Liabilities
Deferred Revenue$20,000$42,772▲ $22,772
Accounts Payable and Accrued Expenses$29,194$12,091▼ $17,103
Mortgage Notes Payable Secured by Investment Property$6,604$5,149▼ $1,455
Total Liabilities$55,798$60,012▲ $4,214
Net Assets / Fund Balance
Unrestricted Net Assets$330,586$266,584▼ $64,002
Temporarily Rstr Net Assets$20,000$20,000→ $0
Total Net Assets Fund Balance$350,586$286,584▼ $64,002
Total Liabilities and Net Assets / Fund Balance$406,384$346,596▼ $59,788

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,684$33,159$43,843
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda RhodesPresidentFT$89,608$89,608

Board Members and Trustees

NameTitle
Charles BenvenuttiBoard chairman
Michael RichardsonVice-chairman
Anne HaleBoard member
Cornellius HillardBoard member
Harrison WilliamsBoard member
Henry WintersBoard member
Herb Dubuisson SrBoard member
Jeanna WeissBoard member
Susan Williams-allenBoard member
Tish WilliamsBoard member
Camille TateSecretary
Amy CorrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$916,392
Program Service Revenue
$56,373
Investment Income
$0
Other Revenue
$760
All Other Contributions
$256,300
Change in Net Assets
$-64,003

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,525
Total Revenue per Audited Statements
$973,525
Total Revenue per Form 990
$973,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$450,287
Grants and Similar Amounts Paid$448,025
Other Expenses$139,216
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$448,025--$448,025
Other Salaries and Wages$239,326$11,212$0$250,538
Current Officers, Directors, Trustees, and Key Employees$83,783$5,825$0$89,608
Other Employee Benefits$72,493$6,954$0$79,447
Occupancy$39,892$16,927$0$56,819
Payroll Taxes$29,055$1,639$0$30,694
Conferences and Meetings$16,378$3,408$0$19,786
Office Expenses$10,024$3,954$0$13,978
Information Technology$9,315$786$0$10,101
Fees for Services Accounting$7,995$705$0$8,700
Other Expenses$7,222$55$0$7,277
Travel$4,001$2,885$0$6,886
Depreciation Depletion$0$5,975$0$5,975
Insurance$3,125$1,897$0$5,022
Advertising$479$2,360$0$2,839
Fees for Services Other$1,830$0$0$1,830
Total Functional Expenses$972,943$64,585$0$1,037,528

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,037,528
Total Expenses per Audited Statements$1,037,528
Total Expenses per Form 990$1,037,528
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Filing and Contact Details

Filer

Filer Name
Hancock Resource Center
EIN
26-3648017
Phone
2284638887
Address
308 Highway 90 Suite D, Waveland, MS 39576

Signing Officer

Name
Rhonda Rhodes
Title
President
Phone
2284638887
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Rhodes
Formed
2009
Legal Domicile
Ms
Voting Board Members
13
Independent Board Members
13
Employees
15
Volunteers
120

Preparer

Firm
Gerald W Rigby CPA PC
Address
724 Dunbar Avenue, Bay St Louis, MS 39520
Preparer
Gerald W Rigby CPA Pc
Phone
2284675744
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Form 990 is sent to all board members for review prior to filing.

Pt VI, Line 12C

The policy is reviewed by the board and staff on an annual basis. Board members are required to sign a Conflict of Interest Statement annually.

Pt VI, Line 15A

The organization researches salaries for similar positions within the region each year. The President then undergoes an annual performance review by the board. The finance committee reviews the data.

Pt VI, Line 15B

Same as above.

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IRS990/OfficeExpensesGrp/ProgramServicesAmt010024
IRS990/OfficeExpensesGrp/TotalAmt013978
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0360
IRS990/OtherAssetsTotalGrp/EOYAmt01900
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06954
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt072493
IRS990/OtherEmployeeBenefitsGrp/TotalAmt079447
IRS990/OtherExpensesGrp/Desc0Loss on disposal
IRS990/OtherExpensesGrp/Desc1Other program costs
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt155
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt17222
IRS990/OtherExpensesGrp/TotalAmt03
IRS990/OtherExpensesGrp/TotalAmt17277
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0760
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0760
IRS990/OtherRevenueTotalAmt0760
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011212
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0239326
IRS990/OtherSalariesAndWagesGrp/TotalAmt0250538
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01639
IRS990/PayrollTaxesGrp/ProgramServicesAmt029055
IRS990/PayrollTaxesGrp/TotalAmt030694
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06787
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03400
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06875
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04261
IRS990/PrincipalOfficerNm0RHONDA RHODES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0Class Registration
IRS990/ProgramServiceRevenueGrp/Desc1Case management revenue
IRS990/ProgramServiceRevenueGrp/Desc2Couseling revenue
IRS990/ProgramServiceRevenueGrp/Desc3Other program income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0225
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15962
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt241738
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38448
IRS990/ProgSrvcAccomActy2Grp/Desc0OWNER OCCUPIED REHABILITATION: USING PREDETERMINED CRITERIA, HRC DETERMINES ELIGIBILITY OF INDIVIDUALS AND FAMILIES THAT NEED ASSISTANCE FOR LONG-TERM HOUSING STABILITY, SECURITY AND SAFETY. PROGRAMS INCLUDE HOME REHABILITATION AND WEATHERIZATION. SERVICES MAY BE IN THE FORM OF CASE MANAGEMENT, CONSTRUCTION SCOPE DEFINITION AND ESTIMATION, CONSTRUCTION COORDINATION AND VOLUNTEER MANAGEMENT AND DIRECT ASSISTANCE. AND HOUSING ASSISTANCE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0229008
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0206220
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY DEVELOPMENT: THE CENTER SEEKS TO IMPROVE THE MORALE OF THE COMMUNITY, INCREASE THE VALUE OF NEIGHBORHOODS AND PROVIDE HEALTHIER ENVIRONMENTS FOR QUALITY LIVING. SPECIAL DEVELOPMENT SERVICES INCLUDE; YOUTH LEADERSHIP, CHRISTMAS ASSISTANCE, AND VOLUNTEER PROGRAMS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt073766
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0165212
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0961993
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0429620
IRS990/PYOtherExpensesAmt0124560
IRS990/PYOtherRevenueAmt01343
IRS990/PYProgramServiceRevenueAmt0225
IRS990/PYRevenuesLessExpensesAmt0-51989
IRS990/PYSalariesCompEmpBnftPaidAmt0461370
IRS990/PYTotalExpensesAmt01015550
IRS990/PYTotalRevenueAmt0963561
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-64003
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0572166
IRS990/SavingsAndTempCashInvstGrp/BOYAmt082233
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082274
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0916392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0961993
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01320732
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0490614
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0568357
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04258088
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04258088
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0916392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0961993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01320732
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0490614
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0568357
IRS990ScheduleA/Total509Grp/TotalAmt04258088
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04258088
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt010684
IRS990ScheduleD/EquipmentGrp/DepreciationAmt033159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043843
IRS990ScheduleD/ExpensesSubtotalAmt01037528
IRS990ScheduleD/RevenueSubtotalAmt0973525
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010684
IRS990ScheduleD/TotalExpensesPerForm990Amt01037528
IRS990ScheduleD/TotalRevenuePerForm990Amt0973525
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0973525
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01037528
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0143917
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1253049
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt247696
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Owner Occupied Rehabilitation
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1Case Management & Counseling Services
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2Community Development
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt061
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt1189
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt2422
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is sent to all board members for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The policy is reviewed by the board and staff on an annual basis. Board members are required to sign a Conflict of Interest Statement annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization researches salaries for similar positions within the region each year. The President then undergoes an annual performance review by the board. The finance committee reviews the data.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Same as above.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MS
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false

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