Civic Intelligence

Hope & Main

EIN 27-2917974 • 501(c)3 • Warren, RI

Profile

To help local entrepreneurs jump-start early-stage food companies and food related businesses by providing low cost, low risk access to shared-use commercial kitchens and other industry-specific technical resources.

691 Main StreetWarren, RI 02885

makefoodyourbusiness.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.27x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.97x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

25th percentile

-7.5%

Higher net margin than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

58th percentile

6.7%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

72nd percentile

24%

Faster revenue growth than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Assets

Up

$2,877,570

Up $397,075 (+16%) from 2023

Liabilities

Up

$3,660,089

Up $428,530 (+13%) from 2023

Net Assets

Down

-$782,519

Down $31,455 (-4.2%) from 2023

Revenue

Up

$1,858,043

Up $204,657 (+12%) from 2023

Expenses

Up

$1,997,698

Up $385,862 (+24%) from 2023

Net Income

Down

-$139,655

Down $181,205 (-436%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2015: $3,178,848Liabilities 2015: $3,238,158Net Assets 2015: -$59,3102015Assets 2017: $2,841,938Liabilities 2017: $3,112,042Net Assets 2017: -$270,1042017Assets 2018: $2,675,258Liabilities 2018: $3,071,825Net Assets 2018: -$396,5672018Assets 2019: $2,561,774Liabilities 2019: $3,119,120Net Assets 2019: -$557,3462019Assets 2020: $2,633,590Liabilities 2020: $3,269,670Net Assets 2020: -$636,0802020Assets 2021: $2,435,267Liabilities 2021: $3,184,443Net Assets 2021: -$749,1762021Assets 2022: $2,526,610Liabilities 2022: $3,335,073Net Assets 2022: -$808,4632022Assets 2023: $2,480,495Liabilities 2023: $3,231,559Net Assets 2023: -$751,0642023Assets 2024: $2,877,570Liabilities 2024: $3,660,089Net Assets 2024: -$782,5192024

Highlighted filing

2024

Assets$2,877,570
Liabilities$3,660,089
Net Assets-$782,519

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2015: $338,521Expenses 2015: $473,755Net Income 2015: -$135,2342015Revenue 2017: $916,675Expenses 2017: $873,065Net Income 2017: $43,6102017Revenue 2018: $762,511Expenses 2018: $888,974Net Income 2018: -$126,4632018Revenue 2019: $774,079Expenses 2019: $934,858Net Income 2019: -$160,7792019Revenue 2020: $958,442Expenses 2020: $1,037,176Net Income 2020: -$78,7342020Revenue 2021: $1,007,450Expenses 2021: $1,120,546Net Income 2021: -$113,0962021Revenue 2022: $1,208,253Expenses 2022: $1,267,540Net Income 2022: -$59,2872022Revenue 2023: $1,653,386Expenses 2023: $1,611,836Net Income 2023: $41,5502023Revenue 2024: $1,858,043Expenses 2024: $1,997,698Net Income 2024: -$139,6552024

Highlighted filing

2024

Revenue$1,858,043
Expenses$1,997,698
Net Income-$139,655

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,900,404
Mission and Program Overview

Mission

To help local entrepreneurs jump-start early-stage food companies and food related businesses by providing low cost, low risk access to shared-use commercial kitchens and other industry-specific technical resources.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,078,969$2,006,817▼ $72,152
Accounts Receivable$182,564$301,622▲ $119,058
Cash and Non-Interest-Bearing Accounts$188,621$194,471▲ $5,850
Prepaid Expenses and Deferred Charges$5,661$2,188▼ $3,473
Total Assets$2,480,495$2,877,570▲ $397,075
Other Assets Total$24,680$372,472▲ $347,792
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,896,049$2,837,123▼ $58,926
Other Liabilities$281,963$649,079▲ $367,116
Accounts Payable and Accrued Expenses$53,547$168,086▲ $114,539
Deferred Revenue-$5,801-
Total Liabilities$3,231,559$3,660,089▲ $428,530
Net Assets / Fund Balance
Net Assets With Donor Restrictions$386,420$356,044▼ $30,376
Net Assets Without Donor Restrictions$-1,137,484$-1,138,563▼ $1,079
Total Net Assets Fund Balance$-751,064$-782,519▼ $31,455
Total Liabilities and Net Assets / Fund Balance$2,480,495$2,877,570▲ $397,075

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,912,432$613,297$2,525,729
Equipment$44,385$512,988$557,373
Land$50,000-$50,000
Other Assets Org$24,680--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,004,701
Program Service Revenue
$834,820
Investment Income
$0
Other Revenue
$18,522
All Other Contributions
$1,004,701
Change in Net Assets
$-139,655

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,858,043
Total Revenue per Audited Statements
$1,858,043
Total Revenue per Form 990
$1,858,043
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$999,664
Other Expenses$998,034
Total Fundraising Expense$63,832
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$725,508$85,354$42,677$853,539
Fees for Services Other$53,600$82,387$13,400$149,387
Interest$102,639--$102,639
Payroll Taxes$69,809$8,213$4,106$82,128
Occupancy$72,342$8,038-$80,380
Depreciation Depletion$68,544$3,608-$72,152
Other Employee Benefits$54,397$6,400$3,200$63,997
Fees for Services Accounting-$54,900-$54,900
All Other Expenses$43,335$2,438-$45,773
Other Expenses$33,465-$449$33,914
Insurance$28,811$5,084-$33,895
Advertising$33,122--$33,122
Office Expenses-$32,918-$32,918
Travel$16,649--$16,649
Fees for Services Legal-$1,775-$1,775
Total Functional Expenses$1,642,751$291,115$63,832$1,997,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,997,698
Total Expenses per Audited Statements$1,997,698
Total Expenses per Form 990$1,997,698
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$60,883
Fundraising Direct Expenses$42,361
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Schoolyard Twil$60,883$60,883$42,361$18,522
Total Events$60,883$60,883$42,361$18,522
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Fiscal Agent Liability$520,628
Current Portion Long Term Debt$59,681
Tenant Security Deposits$44,090
Current Portion of Operating Lease L$24,680
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

Governing documents, policies and financial statements are available upon request.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Hope & Main
EIN
27-2917974
Phone
4012457400
Address
691 MAIN STREET, WARREN, RI 02885

Signing Officer

Name
Lisa Raiola
Title
Chair
Phone
4012457400
Signed
2025-05-15

Organization Details

Principal Officer
Lisa Raiola
Formed
2014
Legal Domicile
Ri
Voting Board Members
11
Independent Board Members
11
Employees
28
Volunteers
45

Preparer

Firm
FARMER FIRST & VINING PC CPA'S
Address
6 STATE ST, WARREN, RI 02885
Preparer
Joseph Farmer CPA
Phone
4012471040
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