Civic Intelligence

Hope & Main

990 • Fiscal year 2022 • EIN 27-2917974

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 26, 2023

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

1.32x

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

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

Liabilities / Revenue

94th percentile

2.76x

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

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

Net Margin

26th percentile

-4.9%

Higher net margin than 26% of similar nonprofits.

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

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.

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

Asset Growth

56th percentile

3.8%

Faster asset growth than 56% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$2,526,610

Up $91,343 (+3.8%) from 2021

Net Assets

Down

-$808,463

Down $59,287 (-7.9%) from 2021

Liabilities

Up

$3,335,073

Up $150,630 (+4.7%) from 2021

Revenue

Up

$1,208,253

Up $200,803 (+20%) from 2021

Expenses

Up

$1,267,540

Up $146,994 (+13%) from 2021

Net Income

Up

-$59,287

Up $53,809 (+48%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$2,526,610
Liabilities$3,335,073
Net Assets-$808,463

Operations Trend

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

2022

Revenue$1,208,253
Expenses$1,267,540
Net Income-$59,287
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 26, 2023
Return Version
2021v4.0
Gross Receipts
$1,235,610
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$2,221,210$2,146,772▼ $74,438
Cash and Non-Interest-Bearing Accounts$172,486$337,618▲ $165,132
Accounts Receivable$33,781$37,499▲ $3,718
Prepaid Expenses and Deferred Charges$7,790$4,721▼ $3,069
Total Assets$2,435,267$2,526,610▲ $91,343
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,006,476$2,953,455▼ $53,021
Other Liabilities$111,508$327,533▲ $216,025
Accounts Payable and Accrued Expenses$34,388$38,086▲ $3,698
Deferred Revenue$32,071$15,999▼ $16,072
Total Liabilities$3,184,443$3,335,073▲ $150,630
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-749,176$-808,463▼ $59,287
Total Net Assets Fund Balance$-749,176$-808,463▼ $59,287
Total Liabilities and Net Assets / Fund Balance$2,435,267$2,526,610▲ $91,343

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,031,497$486,862$2,518,359
Equipment$65,275$489,278$554,553
Land$50,000-$50,000
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$439,383
Program Service Revenue
$730,826
Investment Income
$0
Other Revenue
$38,044
All Other Contributions
$439,383
Change in Net Assets
$-59,287

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,208,253
Total Revenue per Audited Statements
$1,208,253
Total Revenue per Form 990
$1,208,253
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$768,274
Salaries, Compensation, and Employee Benefits$499,266
Total Fundraising Expense$32,340
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$377,611$44,425$22,212$444,248
Interest$104,212--$104,212
Depreciation Depletion$92,249$4,855-$97,104
Occupancy$64,964$7,218-$72,182
Payroll Taxes$40,636$4,781$2,390$47,807
All Other Expenses$45,598$935-$46,533
Fees for Services Other$29,508$2,799$7,377$39,684
Fees for Services Accounting-$29,091-$29,091
Advertising$22,975--$22,975
Other Expenses$21,951--$21,951
Insurance$17,393$3,094-$20,487
Office Expenses-$20,123-$20,123
Other Employee Benefits$6,129$721$361$7,211
Travel$5,112--$5,112
Fees for Services Legal-$289-$289
Total Functional Expenses$1,116,869$118,331$32,340$1,267,540

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,267,540
Total Expenses per Audited Statements$1,267,540
Total Expenses per Form 990$1,267,540
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$65,373
Fundraising Direct Expenses$27,357
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Schoolyard Twil$65,373$65,373$27,357$38,016
Total Events$65,373$65,373$27,357$38,016
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$237,000
Current Portion Long Term Debt$52,293
Tenant Security Deposits$38,240
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
2023-01-26

Organization Details

Principal Officer
Lisa Raiola
Formed
2014
Legal Domicile
Ri
Voting Board Members
16
Independent Board Members
16
Employees
31
Volunteers
40

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/OfficeExpensesGrp/TotalAmt020123
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0361
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0721
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt06129
IRS990/OtherEmployeeBenefitsGrp/TotalAmt07211
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1REPAIRS
IRS990/OtherExpensesGrp/Desc2KITCHEN EXPENSE
IRS990/OtherExpensesGrp/Desc3BANK CHARGES
IRS990/OtherExpensesGrp/ProgramServicesAmt0184414
IRS990/OtherExpensesGrp/ProgramServicesAmt153034
IRS990/OtherExpensesGrp/ProgramServicesAmt251083
IRS990/OtherExpensesGrp/ProgramServicesAmt321951
IRS990/OtherExpensesGrp/TotalAmt0184414
IRS990/OtherExpensesGrp/TotalAmt153034
IRS990/OtherExpensesGrp/TotalAmt251083
IRS990/OtherExpensesGrp/TotalAmt321951
IRS990/OtherLiabilitiesGrp/BOYAmt0111508
IRS990/OtherLiabilitiesGrp/EOYAmt0327533
IRS990/OtherRevenueMiscGrp/BusinessCd0531120
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt028
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt028
IRS990/OtherRevenueTotalAmt028
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt022212
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt044425
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0377611
IRS990/OtherSalariesAndWagesGrp/TotalAmt0444248
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02390
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04781
IRS990/PayrollTaxesGrp/ProgramServicesAmt040636
IRS990/PayrollTaxesGrp/TotalAmt047807
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07790
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04721
IRS990/PrincipalOfficerNm0LISA RAIOLA
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0730826
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0730826
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0330870
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0708456
IRS990/PYOtherRevenueAmt08020
IRS990/PYProgramServiceRevenueAmt0668560
IRS990/PYRevenuesLessExpensesAmt0-113096
IRS990/PYSalariesCompEmpBnftPaidAmt0412090
IRS990/PYTotalExpensesAmt01120546
IRS990/PYTotalRevenueAmt01007450
IRS990/ReconcilationRevenueExpnssAmt0-59287
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0106
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0439383
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0330870
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0416223
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0145292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0762405
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02094173
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0796227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0676580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0542219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0628787
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02643813
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0106
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0106
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt04737986
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01235610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01007450
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0958442
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0774079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0762405
IRS990ScheduleA/Total509Grp/TotalAmt04737986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01235610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01007450
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0958442
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0774079
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0762511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04738092
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/BookValueAmt02031497
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0486862
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02518359
IRS990ScheduleD/EquipmentGrp/BookValueAmt065275
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0489278
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0554553
IRS990ScheduleD/ExpensesSubtotalAmt01267540
IRS990ScheduleD/LandGrp/BookValueAmt050000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0237000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt152293
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt238240
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FISCAL AGENT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CURRENT PORTION LONG TERM DEBT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt01208253
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02146772
IRS990ScheduleD/TotalExpensesPerForm990Amt01267540
IRS990ScheduleD/TotalLiabilityAmt0327533
IRS990ScheduleD/TotalRevenuePerForm990Amt01208253
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01208253
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01267540
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt027357
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SCHOOLYARD TWIL
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt065373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt065373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt065373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt065373
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt038016
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt027357
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt027357
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

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