Civic Intelligence

Storehouse of Hope

EIN 30-0600126 • 501(c)3 • Detroit, MI

Profile

To provide emergency food through a mobile food pantry delivery and wrap around services to residents of 48202 and 48211 otherwise known as the North End of Detroit. And to operate as a program a Community Land Trust which provides permanently affordable housing.

7700 Second Avenue Suite 500Detroit, MI 48202

thestorehouseofhope.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

64th percentile

6.6%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

39th percentile

-13%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$116,217

Up $7,158 (+6.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$116,217

Up $7,158 (+6.6%) from 2021

Revenue

Down

$20,434

Down $3,038 (-13%) from 2021

Expenses

Up

$13,276

Up $1,666 (+14%) from 2021

Net Income

Down

$7,158

Down $4,704 (-40%) from 2021

Trend Graphs

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2016: $105,959Liabilities 2016: $0Net Assets 2016: $105,9592016Assets 2017: $99,262Liabilities 2017: $0Net Assets 2017: $99,2622017Assets 2018: $102,286Liabilities 2018: $0Net Assets 2018: $102,2862018Assets 2019: $102,286Liabilities 2019: $0Net Assets 2019: $102,2862019Assets 2020: $97,197Liabilities 2020: $0Net Assets 2020: $97,1972020Assets 2021: $109,059Liabilities 2021: $0Net Assets 2021: $109,0592021Assets 2022: $116,217Liabilities 2022: $0Net Assets 2022: $116,2172022

Highlighted filing

2022

Assets$116,217
Liabilities$0
Net Assets$116,217

Operations Trend

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

$40K$20K$0-$20KRevenue 2016: $24,037Expenses 2016: $35,240Net Income 2016: -$11,2032016Revenue 2017: $31,524Expenses 2017: $19,921Net Income 2017: $11,6032017Revenue 2018: $25,668Expenses 2018: $37,533Net Income 2018: -$11,8652018Revenue 2019: $24,564Expenses 2019: $36,236Net Income 2019: -$11,6722019Revenue 2020: $15,505Expenses 2020: $20,594Net Income 2020: -$5,0892020Revenue 2021: $23,472Expenses 2021: $11,610Net Income 2021: $11,8622021Revenue 2022: $20,434Expenses 2022: $13,276Net Income 2022: $7,1582022

Highlighted filing

2022

Revenue$20,434
Expenses$13,276
Net Income$7,158

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Dec 1, 2023
Return Version
2022v5.0
Gross Receipts
$20,434
Mission and Program Overview

Mission

The Storehouse of Hope established in 2008 and received 501c3 status on December 13, 2009 operates as an emergency food pantry and provides wrap around service referrals for residence of 48202 and 48211 which is the zip code designations for Detroit North End community. The Pantry has operated as a Mobile Pantry distribution system and serves between 1200 and 1500 individuals monthly. In the end of 2015, as a result of the record foreclosure proceeding in Detroit and from a Gofund Me campaigned the Storehouse of Hope was given 15 properties throughout Detroit with the hope of maintaining and establishing the families within those properties.

To provide emergency food through a mobile food pantry delivery and wrap around services to residents of 48202 and 48211 otherwise known as the North End of Detroit. And to operate as a program a Community Land Trust which provides permanently affordable housing.

Program Services

DescriptionGrantsExpenses
Throughout the year we accomplished the delivery of 18 Mobile Pantries occurring twice a month from March to November in the 48202 and 48211 zip codes. Our pantries provided food and some personal care products to 3,000 individuals monthly. We continued to build on the work of the Community Land Trust by stabilizing the families in 10 of the community land trust properties. The families on the CLT are with incomes of 30 % and less of the AMI for Wayne County.$0$24,341
The effects of the pandemic continue to be a problem for families. Food costs remain high and the impact on pantry services is up 30%. We partner with other organizations to continue our food pantry.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reverend Joan RossBoard ChairPT$0--
Norma HeathBoard Vice Chair-$0--
Christian LinearTreassurer-$0--
Alton WilliamsBoard Member-$0--
LaToya MorganBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Storehouse of Hope
EIN
30-0600126
Phone
2485656572
Address
7700 Second Avenue Suite 500, Detroit, MI 48202

Signing Officer

Name
Joan Ross
Title
Board Chair
Phone
2485656572
Signed
2023-12-01
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
ReasonableCauseExplanation/ExplanationTxt0We struggle to maintain our operations. Our Vice Chair suffered a stroke in January 2023, and volunteers this year have been challenging to find. We have only been able to employ one minimal part-time person to assist with continuing our pantry services. We have located a nonprofit that we helped get start that we are having a merged meeting with to explore merging. Our desire is to find an organization that can take care of the families who have come to depend on getting help from us.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd01
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Joan Ross
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02485656572
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-12-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0STOREHOUSE OF HOPE
ReturnHeader/Filer/BusinessNameControlTxt0STOR
ReturnHeader/Filer/EIN0300600126
ReturnHeader/Filer/PhoneNum02485656572
ReturnHeader/Filer/USAddress/AddressLine1Txt07700 Second Avenue Suite 500
ReturnHeader/Filer/USAddress/CityNm0Detroit
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048202
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02023-12-01T12:00:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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