Civic Intelligence

Hancock Resource Center

990 • Fiscal year 2017 • EIN 26-3648017

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

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

84th percentile

0.63x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

41st percentile

0.4%

Higher net margin than 41% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

66th percentile

$94,583

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

56th percentile

5.2%

Faster asset growth than 56% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

78th percentile

27%

Faster revenue growth than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$208,846

Up $10,393 (+5.2%) from 2016

Net Assets

Up

$77,632

Up $4,318 (+5.9%) from 2016

Liabilities

Up

$131,214

Up $6,075 (+4.9%) from 2016

Revenue

Up

$1,207,083

Up $254,903 (+27%) from 2016

Expenses

Up

$1,202,765

Up $201,159 (+20%) from 2016

Net Income

Up

$4,318

Up $53,744 (+109%) from 2016

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

2017

Assets$208,846
Liabilities$131,214
Net Assets$77,632

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

2017

Revenue$1,207,083
Expenses$1,202,765
Net Income$4,318
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$1,207,083
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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$106,404$126,438▲ $20,034
Pledges and Grants Receivable$23,495$46,109▲ $22,614
Savings and Temporary Cash Investments$27,955$18,087▼ $9,868
Land, Buildings, and Equipment, Net$10,194$7,870▼ $2,324
Prepaid Expenses and Deferred Charges$4,130$5,693▲ $1,563
Cash and Non-Interest-Bearing Accounts$22,875$4,649▼ $18,226
Total Assets$198,453$208,846▲ $10,393
Other Assets Total$3,400--
Liabilities
Deferred Revenue$104,226$102,073▼ $2,153
Accounts Payable and Accrued Expenses$12,046$22,175▲ $10,129
Mortgage Notes Payable Secured by Investment Property$8,867$6,966▼ $1,901
Total Liabilities$125,139$131,214▲ $6,075
Net Assets / Fund Balance
Unrestricted Net Assets$73,314$77,632▲ $4,318
Total Net Assets Fund Balance$73,314$77,632▲ $4,318
Total Liabilities and Net Assets / Fund Balance$198,453$208,846▲ $10,393

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$7,870$39,768$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
Amy CorrBoard member
Amy CoyneBoard member
Harrison WilliamsBoard member
Jeffery McneeseBoard member
Jennifer LacosteBoard member
Kay KellBoard member
Melanie RaboteauBoard member
Tish WilliamsBoard member
Kelsey JohnsonSecretary
Shirley PridgenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,163,173
Program Service Revenue
$43,460
Investment Income
$450
Other Revenue
$0
All Other Contributions
$285,121
Change in Net Assets
$4,318

Noncash Contribution Practices

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

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$589,160
Grants and Similar Amounts Paid$496,347
Other Expenses$117,258
Total Fundraising Expense$1,132
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$496,347--$496,347
Other Salaries and Wages$324,277$0$0$324,277
Current Officers, Directors, Trustees, and Key Employees$125,923$9,774$0$135,697
Other Employee Benefits$93,074$924$0$93,998
Occupancy$8,941$33,078$0$42,019
Payroll Taxes$34,440$748$0$35,188
Conferences and Meetings$22,158$4,086$0$26,244
Fees for Services Accounting$1,990$5,970$0$7,960
Office Expenses$3,559$3,716$0$7,275
Information Technology$1,125$5,530$0$6,655
Insurance$722$4,600$0$5,322
Other Expenses$0$3,528$0$3,528
Depreciation Depletion$0$2,324$0$2,324
Advertising$1,194$1,004$0$2,198
Fees for Services Management$0$475$0$475
Total Functional Expenses$1,124,188$77,445$1,132$1,202,765
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
2018-05-08
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
21
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/BOYAmt03400
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0924
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt093074
IRS990/OtherEmployeeBenefitsGrp/TotalAmt093998
IRS990/OtherExpensesGrp/Desc0Other costs
IRS990/OtherExpensesGrp/Desc1Other program expenses
IRS990/OtherExpensesGrp/FundraisingAmt01132
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01688
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13528
IRS990/OtherExpensesGrp/ProgramServicesAmt010438
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/TotalAmt013258
IRS990/OtherExpensesGrp/TotalAmt13528
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0324277
IRS990/OtherSalariesAndWagesGrp/TotalAmt0324277
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0748
IRS990/PayrollTaxesGrp/ProgramServicesAmt034440
IRS990/PayrollTaxesGrp/TotalAmt035188
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt023495
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt046109
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04130
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05693
IRS990/PrincipalOfficerNm0RHONDA RHODES
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Program revenue
IRS990/ProgramServiceRevenueGrp/Desc1Miscellaneous
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043385
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt175
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/ExpenseAmt0270809
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0271897
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/ExpenseAmt0176666
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0192270
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0941852
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0159657
IRS990/PYInvestmentIncomeAmt0211
IRS990/PYOtherExpensesAmt0332100
IRS990/PYOtherRevenueAmt019
IRS990/PYProgramServiceRevenueAmt010098
IRS990/PYRevenuesLessExpensesAmt0-49426
IRS990/PYSalariesCompEmpBnftPaidAmt0509849
IRS990/PYTotalExpensesAmt01001606
IRS990/PYTotalRevenueAmt0952180
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04318
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0693573
IRS990/SavingsAndTempCashInvstGrp/BOYAmt027955
IRS990/SavingsAndTempCashInvstGrp/EOYAmt018087
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01163173
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0930708
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0832069
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0916392
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0961993
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04804335
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0450
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0450
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0450
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0450
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt04804335
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01163173
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0930708
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0832069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0916392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0961993
IRS990ScheduleA/Total509Grp/TotalAmt04804335
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04804785
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt07870
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039768
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt047638
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07870
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/ReviewProcessUnusualNCGiftsInd0true
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/TotalAssetsBOYAmt0198453
IRS990/TotalAssetsEOYAmt0208846
IRS990/TotalAssetsGrp/BOYAmt0198453
IRS990/TotalAssetsGrp/EOYAmt0208846
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01163173

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