Civic Intelligence

Hancock Resource Center

990 • Fiscal year 2016 • EIN 26-3648017

Jan 01, 2016 to Dec 31, 2016 • Filed on May 11, 2017

454 Hwy 90Waveland, MS 39576

(228) 463-8887

Siviq Scores

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

Liabilities / Assets

87th percentile

0.63x

Higher debt load relative to assets than 87% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.13x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

28th percentile

-5.2%

Higher net margin than 28% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

86th percentile

$94,583

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 9.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

13th percentile

-14%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$198,453

Down $31,226 (-14%) from 2015

Net Assets

Down

$73,314

Down $49,426 (-40%) from 2015

Liabilities

Up

$125,139

Up $18,200 (+17%) from 2015

Revenue

Up

$952,180

Up $120,111 (+14%) from 2015

Expenses

Up

$1,001,606

Up $3,827 (+0.4%) from 2015

Net Income

Up

-$49,426

Up $116,284 (+70%) from 2015

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

2016

Assets$198,453
Liabilities$125,139
Net Assets$73,314

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

2016

Revenue$952,180
Expenses$1,001,606
Net Income-$49,426
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 11, 2017
Return Version
2016v3.0
Gross Receipts
$952,180
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$140,998$106,404▼ $34,594
Savings and Temporary Cash Investments$37,744$27,955▼ $9,789
Pledges and Grants Receivable-$23,495-
Cash and Non-Interest-Bearing Accounts$36,328$22,875▼ $13,453
Land, Buildings, and Equipment, Net$7,402$10,194▲ $2,792
Prepaid Expenses and Deferred Charges$7,207$4,130▼ $3,077
Total Assets$229,679$198,453▼ $31,226
Other Assets Total-$3,400-
Liabilities
Deferred Revenue$88,265$104,226▲ $15,961
Accounts Payable and Accrued Expenses$15,125$12,046▼ $3,079
Mortgage Notes Payable Secured by Investment Property$3,549$8,867▲ $5,318
Total Liabilities$106,939$125,139▲ $18,200
Net Assets / Fund Balance
Unrestricted Net Assets$122,740$73,314▼ $49,426
Total Net Assets Fund Balance$122,740$73,314▼ $49,426
Total Liabilities and Net Assets / Fund Balance$229,679$198,453▼ $31,226

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$47,638-$47,638
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda RhodesPresidentFT$94,583$94,583

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$941,852
Program Service Revenue
$10,098
Investment Income
$211
Other Revenue
$19
All Other Contributions
$314,371
Change in Net Assets
$-49,426

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$509,849
Other Expenses$332,100
Grants and Similar Amounts Paid$159,657
Total Fundraising Expense$5,898
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$256,569$5,519$0$262,088
Fees for Services Management$218,593$1,181$0$219,774
Grants to Domestic Individuals$159,657--$159,657
Current Officers, Directors, Trustees, and Key Employees$120,974$13,442$0$134,416
Payroll Taxes$104,666$8,679$0$113,345
Occupancy$37,754$2,580$0$40,334
Conferences and Meetings$16,616$1,853$0$18,469
Travel$12,422$1,045$0$13,467
Fees for Services Accounting$5,970$1,990$0$7,960
Information Technology$5,313$937$0$6,250
Other Expenses$0$336$5,755$6,091
Office Expenses$5,517$313$143$5,973
Insurance$3,726$1,865$0$5,591
Depreciation Depletion$0$5,438$0$5,438
Advertising$1,338$1,415$0$2,753
Total Functional Expenses$949,115$46,593$5,898$1,001,606
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
454 Hwy 90, Waveland, MS 39576

Signing Officer

Name
Rhonda Rhodes
Title
President
Phone
2284638887
Signed
2017-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Rhodes
Formed
2009
Legal Domicile
Ms
Voting Board Members
12
Independent Board Members
12
Employees
16
Volunteers
120

Preparer

Firm
Gerald W Rigby CPA PC
Address
724 Dunbar Avenue, Bay St Louis, MS 39520
Preparer
Gerald W Rigby CPA
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/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt03400
IRS990/OtherExpensesGrp/Desc0Other costs
IRS990/OtherExpensesGrp/FundraisingAmt05755
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0336
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/TotalAmt06091
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Miscellaneous
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt019
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt019
IRS990/OtherRevenueTotalAmt019
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt05519
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0256569
IRS990/OtherSalariesAndWagesGrp/TotalAmt0262088
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08679
IRS990/PayrollTaxesGrp/ProgramServicesAmt0104666
IRS990/PayrollTaxesGrp/TotalAmt0113345
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt023495
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07207
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04130
IRS990/PrincipalOfficerNm0RHONDA RHODES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Class Registration
IRS990/ProgramServiceRevenueGrp/Desc1Other program income
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0188
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19910
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/ExpenseAmt0251611
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0244310
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/ExpenseAmt076636
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt066248
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0822439
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0452046
IRS990/PYInvestmentIncomeAmt0573
IRS990/PYOtherExpensesAmt0101460
IRS990/PYOtherRevenueAmt0907
IRS990/PYProgramServiceRevenueAmt08150
IRS990/PYRevenuesLessExpensesAmt0-165710
IRS990/PYSalariesCompEmpBnftPaidAmt0444273
IRS990/PYTotalExpensesAmt0997779
IRS990/PYTotalRevenueAmt0832069
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-49426
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0596885
IRS990/SavingsAndTempCashInvstGrp/BOYAmt037744
IRS990/SavingsAndTempCashInvstGrp/EOYAmt027955
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0930708
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0832069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0916392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0961993
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01320732
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04961894
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04961894
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0930708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0832069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0916392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0961993
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01320732
IRS990ScheduleA/Total509Grp/TotalAmt04961894
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04961894
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt047638
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047638
IRS990ScheduleD/TotalBookValueLandBuildingsAmt047638
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
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0229679
IRS990/TotalAssetsEOYAmt0198453
IRS990/TotalAssetsGrp/BOYAmt0229679
IRS990/TotalAssetsGrp/EOYAmt0198453
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0941852
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05898
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt046593
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0949115
IRS990/TotalFunctionalExpensesGrp/TotalAmt01001606
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0106939
IRS990/TotalLiabilitiesEOYAmt0125139
IRS990/TotalLiabilitiesGrp/BOYAmt0106939
IRS990/TotalLiabilitiesGrp/EOYAmt0125139

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