Civic Intelligence

Hancock Resource Center

990 • Fiscal year 2022 • EIN 26-3648017

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 10, 2022

454 Hwy 90 Suite BWaveland, MS 39576

(228) 463-8887

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.89x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.16x

Higher debt load relative to revenue than 62% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

53rd percentile

8.3%

Higher net margin than 53% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$104,333

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

58th percentile

4.6%

Faster asset growth than 58% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Revenue Growth

68th percentile

23%

Faster revenue growth than 68% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2022

Assets

Up

$408,019

Up $35,383 (+9.5%) from 2020

Net Assets

Up

$43,314

Up $169,508 (+134%) from 2020

Liabilities

Down

$364,705

Down $134,125 (-27%) from 2020

Revenue

Up

$2,260,359

Up $756,599 (+50%) from 2020

Expenses

Up

$2,071,991

Up $401,421 (+24%) from 2020

Net Income

Up

$188,368

Up $355,178 (+213%) from 2020

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

2022

Assets$408,019
Liabilities$364,705
Net Assets$43,314

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

2022

Revenue$2,260,359
Expenses$2,071,991
Net Income$188,368
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$2,284,012
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$171,054$173,892▲ $2,838
Accounts Receivable$77,426$107,039▲ $29,613
Cash and Non-Interest-Bearing Accounts$60,185$57,037▼ $3,148
Pledges and Grants Receivable$52,896$43,270▼ $9,626
Land, Buildings, and Equipment, Net$20,146$15,481▼ $4,665
Prepaid Expenses and Deferred Charges$5,164$9,900▲ $4,736
Total Assets$388,271$408,019▲ $19,748
Other Assets Total$1,400$1,400→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$320,703$158,695▼ $162,008
Unsecured Notes Loans Payable$20,000$65,000▲ $45,000
Other Liabilities$55,067$61,185▲ $6,118
Deferred Revenue$105,717$52,885▼ $52,832
Accounts Payable and Accrued Expenses$28,642$26,940▼ $1,702
Total Liabilities$530,129$364,705▼ $165,424
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-141,858$43,314▲ $185,172
Total Net Assets Fund Balance$-141,858$43,314▲ $185,172
Total Liabilities and Net Assets / Fund Balance$388,271$408,019▲ $19,748

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,481$43,184$58,665
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rhonda RhodesPresidentFT$104,333$104,333

Board Members and Trustees

NameTitle
Tish WilliamsChairperson
Kelsey JohnsonVice-chairpe
Bennett RimmerBoard Member
Connie LyonsBoard Member
Gwyn RossBoard Member
Heather ClarkBoard Member
James PipperBoard Member
Mary Beth BenvenuttiBoard Member
Stephen HicksBoard Member
Tammy WaltersBoard Member
Wendy McdonaldBoard Member
Amy NecaiseSecretary
James Noel GrafeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,230,204
Program Service Revenue
$6,732
Investment Income
$0
Other Revenue
$23,423
All Other Contributions
$202,043
Change in Net Assets
$188,368

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported Amount
Clothing and Household Goods$26,483
Total Noncash Contributions$26,483

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,260,359
Total Revenue per Audited Statements
$2,260,359
Total Revenue per Form 990
$2,260,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$973,311
Other Expenses$617,955
Grants and Similar Amounts Paid$480,725
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$561,869$70,742-$632,611
Grants to Domestic Individuals$480,725--$480,725
Other Employee Benefits$149,589$25,334-$174,923
Current Officers, Directors, Trustees, and Key Employees$104,333--$104,333
Occupancy$37,699$36,405-$74,104
Payroll Taxes$52,842$8,602-$61,444
Fees for Services Accounting$13,002$16,231-$29,233
Conferences and Meetings$15,768$3,813-$19,581
Office Expenses$4,097$7,503-$11,600
Insurance$1,791$5,232-$7,023
Other Expenses$6,090$488-$6,578
Depreciation Depletion-$4,665-$4,665
Interest-$2,725-$2,725
Information Technology-$1,883-$1,883
Advertising$50$742-$792
Total Functional Expenses$1,887,535$184,456$0$2,071,991

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,071,991
Total Expenses per Audited Statements$2,071,991
Total Expenses per Form 990$2,071,991
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,076
Fundraising Direct Expenses$23,653
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Crawfish Boil F$47,076$47,076$23,653$23,423
Total Events$47,076$47,076$23,653$23,423
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll & Leave$52,782
Accrued Interest$8,403
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

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

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

The policy is reviewd by the board and staff on an annual basis. Board members are required to sign a conflict of interest statement annually.

Form 990, Page 6, Part 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 review the data.

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

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 review the data.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Hancock Resource Center
EIN
26-3648017
Phone
2284638887
Address
454 HWY 90 SUITE B, WAVELAND, MS 39576

Signing Officer

Name
Rhonda Rhodes
Title
President
Phone
2284638887
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rhonda Rhodes
Formed
2009
Legal Domicile
Ms
Voting Board Members
14
Independent Board Members
14
Employees
31
Volunteers
120

Preparer

Firm
Rankin & Associates Pllc
Address
3103 PASCAGOULA ST, PASCAGOULA, MS 39567-4214
Preparer
C Scott Rankin CPA
Phone
2287626343
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IRS990/MissionDesc0THE 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.
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1488
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IRS990/OtherExpensesGrp/ProgramServicesAmt141954
IRS990/OtherExpensesGrp/ProgramServicesAmt26090
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IRS990/OtherExpensesGrp/TotalAmt141954
IRS990/OtherExpensesGrp/TotalAmt26578
IRS990/OtherLiabilitiesGrp/BOYAmt055067
IRS990/OtherLiabilitiesGrp/EOYAmt061185
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt070742
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0632611
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IRS990/PrincipalOfficerNm0RHONDA RHODES
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM REVENUE
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06732
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 MANAGMENT, CONSTRUCTION SCOPE DEFINITION AND ESTIMATION, CONSTRUCTION COORDINATION AND VOLUNTEER MANAGEMENT AND DIRECT ASSISTANCE, AND HOUSING ASSISTANCE.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0474218
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0577688
IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY DEVELOPMENT: THE CENTER SEEKS TO IMPROVE THE MORALE OF THE COMMUNITY, INCREASE THE VALUE OF NEIGHBORHOODS AND PROIDE HEALTHIER ENVIRONMENTS FOR QUALITY LIVING. SPECIAL DEVELOPMENT SERVICES INCLUDE YOUTH LEADERSHIP, CHRISTMAS ASSISTANCE, AND VOLUNTEER PROGRAMS.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0184932
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYTotalRevenueAmt0810743
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IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0173892
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01243099
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06703417
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt032528
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0158205
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt087066
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01243099
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01193410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01243099
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07035024
IRS990/ScheduleBRequiredInd0false
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt043184
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt058665
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18403
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt015481
IRS990ScheduleD/TotalExpensesPerForm990Amt02071991
IRS990ScheduleD/TotalLiabilityAmt061185
IRS990ScheduleD/TotalRevenuePerForm990Amt02260359
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt047076
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt047076
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt047076
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt023423
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt023653
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt023653
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt06507
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1474218
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CASE MGMT & COUNSELING
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1OWNER OCCUPIED REHAB
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2COMMUNITY DEVELOPMENT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt010
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt137
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS SENT TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS REVIEWD 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 REVIEW THE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 REVIEW THE DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false

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