Civic Intelligence

Hope & Main

990 • Fiscal year 2021 • EIN 27-2917974

Jul 01, 2020 to Jun 30, 2021 • Filed on Apr 28, 2021

Organization ProfileMAKEFOODYOURBUSINESS.ORG
691 Main StreetWarren, RI 02885

(401) 245-7400

Siviq Scores

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

Liabilities / Assets

96th percentile

1.31x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

3.16x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-11%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

10th percentile

-7.5%

Faster asset growth than 10% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

41st percentile

5.1%

Faster revenue growth than 41% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$2,435,267

Down $198,323 (-7.5%) from 2020

Net Assets

Down

-$749,176

Down $113,096 (-18%) from 2020

Liabilities

Down

$3,184,443

Down $85,227 (-2.6%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin14th percentile

Revenue

Up

$1,007,450

Up $49,008 (+5.1%) from 2020

Expenses

Up

$1,120,546

Up $83,370 (+8.0%) from 2020

Net Income

Down

-$113,096

Down $34,362 (-44%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2021

Assets$2,435,267
Liabilities$3,184,443
Net Assets-$749,176
Open 2021 Filing

Operations Trend

Revenue Growth41st percentile

Revenue, expenses, and net income across loaded years, with this 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

2021

Revenue$1,007,450
Expenses$1,120,546
Net Income-$113,096
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 28, 2021
Return Version
2020v4.0
Gross Receipts
$1,007,450
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$2,338,003$2,221,210▼ $116,793
Cash and Non-Interest-Bearing Accounts$275,838$172,486▼ $103,352
Loans From Officers Directors$75,153--
Accounts Receivable$13,453$33,781▲ $20,328
Prepaid Expenses and Deferred Charges$6,296$7,790▲ $1,494
Total Assets$2,633,590$2,435,267▼ $198,323
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,921,458$3,006,476▲ $85,018
Other Liabilities$177,480$111,508▼ $65,972
Accounts Payable and Accrued Expenses$38,119$34,388▼ $3,731
Deferred Revenue$57,460$32,071▼ $25,389
Total Liabilities$3,269,670$3,184,443▼ $85,227
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-636,080$-749,176▼ $113,096
Total Net Assets Fund Balance$-636,080$-749,176▼ $113,096
Total Liabilities and Net Assets / Fund Balance$2,633,590$2,435,267▼ $198,323

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,154,201$360,907$2,515,108
Land$50,000-$50,000
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Lisa RaiolaPresident
Joanne B DahmerDirector
Ken BanalewicszDirector
Leo PollockDirector
Lisa BergeronDirector
Lori Pivarnik PhdDirector
Maureen MaloneyDirector
Nick RabarDirector
Sergio FerreiraDirector
Sumana ChintapalliDirector
Tamarah BaconDirector
Tony FonsecaDirector
W Henry BladeDirector
William BigelowDirector
Kyle AdamonisShrm-cp Phr
Ellen AlmeidaTreasurer
Sheila BrushVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$330,870
Program Service Revenue
$668,560
Investment Income
$0
Other Revenue
$8,020
All Other Contributions
$330,870
Change in Net Assets
$-113,096

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,007,450
Total Revenue per Audited Statements
$1,007,450
Total Revenue per Form 990
$1,007,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$708,456
Salaries, Compensation, and Employee Benefits$412,090
Total Fundraising Expense$20,563
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$342,003$40,139$20,069$402,211
Interest$147,832--$147,832
Depreciation Depletion$129,539$6,681-$136,220
Occupancy$58,271$6,475-$64,746
All Other Expenses$30,360$930-$31,290
Other Expenses$20,617--$20,617
Insurance$17,403$3,071-$20,474
Office Expenses-$20,318-$20,318
Advertising$20,286--$20,286
Other Employee Benefits$8,397$988$494$9,879
Fees for Services Accounting-$8,000-$8,000
Fees for Services Legal$2,461$3,229-$5,690
Total Functional Expenses$1,010,152$89,831$20,563$1,120,546

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,120,546
Total Expenses per Audited Statements$1,120,546
Total Expenses per Form 990$1,120,546
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$75,153--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$62,410
Current Portion Long Term Debt$49,098
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
President
Phone
4012457400
Signed
2021-04-28

Organization Details

Principal Officer
Lisa Raiola
Formed
2014
Legal Domicile
Ri
Voting Board Members
17
Independent Board Members
17
Employees
31

Preparer

Firm
FARMER & FIRST PC CPA'S
Address
6 STATE ST, WARREN, RI 02885-3120
Preparer
Joseph Farmer CPA
Phone
4012471040
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IRS990/OtherExpensesGrp/ProgramServicesAmt144578
IRS990/OtherExpensesGrp/ProgramServicesAmt238335
IRS990/OtherExpensesGrp/ProgramServicesAmt320617
IRS990/OtherExpensesGrp/TotalAmt0150070
IRS990/OtherExpensesGrp/TotalAmt144578
IRS990/OtherExpensesGrp/TotalAmt238335
IRS990/OtherExpensesGrp/TotalAmt320617
IRS990/OtherLiabilitiesGrp/BOYAmt0177480
IRS990/OtherLiabilitiesGrp/EOYAmt0111508
IRS990/OtherRevenueMiscGrp/BusinessCd0531120
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08020
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08020
IRS990/OtherRevenueTotalAmt08020
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt020069
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt040139
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0342003
IRS990/OtherSalariesAndWagesGrp/TotalAmt0402211
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06296
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07790
IRS990/PrincipalOfficerNm0LISA RAIOLA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531120
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc1EVENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0664960
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13600
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0664960
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13600
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0416223
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0637359
IRS990/PYProgramServiceRevenueAmt0542219
IRS990/PYRevenuesLessExpensesAmt0-78734
IRS990/PYSalariesCompEmpBnftPaidAmt0399817
IRS990/PYTotalExpensesAmt01037176
IRS990/PYTotalRevenueAmt0958442
IRS990/ReconcilationRevenueExpnssAmt0-113096
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0493
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0330870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0416223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0145292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0762405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0916288
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02571078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0676580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0542219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0628787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01847586
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0106
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0387
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0493
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99960
IRS990ScheduleA/PublicSupportTotal509Amt04418664
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01007450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0958442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0774079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0762405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0916288
IRS990ScheduleA/Total509Grp/TotalAmt04418664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01007450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0958442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0774079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0762511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0916675
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04419157
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt02154201
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0360907
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02515108
IRS990ScheduleD/ExpensesSubtotalAmt01120546
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062410
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt149098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION LONG TERM DEBT
IRS990ScheduleD/RevenueSubtotalAmt01007450
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02204201
IRS990ScheduleD/TotalExpensesPerForm990Amt01120546
IRS990ScheduleD/TotalLiabilityAmt0111508
IRS990ScheduleD/TotalRevenuePerForm990Amt01007450
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01007450
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01120546
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02633590
IRS990/TotalAssetsEOYAmt02435267
IRS990/TotalAssetsGrp/BOYAmt02633590
IRS990/TotalAssetsGrp/EOYAmt02435267
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0330870
IRS990/TotalEmployeeCnt031
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020563
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt089831
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01010152
IRS990/TotalFunctionalExpensesGrp/TotalAmt01120546
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03269670
IRS990/TotalLiabilitiesEOYAmt03184443
IRS990/TotalLiabilitiesGrp/BOYAmt03269670
IRS990/TotalLiabilitiesGrp/EOYAmt03184443
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-636080
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-749176
IRS990/TotalProgramServiceExpensesAmt01010152
IRS990/TotalProgramServiceRevenueAmt0668560
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0676580
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01007450
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02633590
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02435267
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,435,267
Liabilities
$3,184,443
Net assets
-$749,176
Revenue
$1,007,450
Expenses
$1,120,546
Net income
-$113,096
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.88$3.66$0.78$1.86$2.00$0.14
2023Detailed filing. Detailed filing data is available for this year.$2.48$3.23$0.75$1.65$1.61$0.04
2022Detailed filing. Detailed filing data is available for this year.$2.53$3.34$0.81$1.21$1.27$0.06
2021Detailed filing. Detailed filing data is available for this year.$2.44$3.18$0.75$1.01$1.12$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.63$3.27$0.64$0.96$1.04$0.08
2019Detailed filing. Detailed filing data is available for this year.$2.56$3.12$0.56$0.77$0.93$0.16
2018Detailed filing. Detailed filing data is available for this year.$2.68$3.07$0.40$0.76$0.89$0.13
2017Detailed filing. Detailed filing data is available for this year.$2.84$3.11$0.27$0.92$0.87$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.18$3.24$0.06$0.34$0.47$0.14