Civic Intelligence

Storehouse of Hope

990EZ • Fiscal year 2016 • EIN 30-0600126

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 30, 2017

Organization Profilewww.thestorehouseofhope.org
7700 Second Avenue Suite 500Detroit, MI 48202

(248) 565-6572

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

9th percentile

-47%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

$105,959

No earlier filing loaded for comparison.

Net Assets

$105,959

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin9th percentile

Revenue

$24,037

No earlier filing loaded for comparison.

Expenses

$35,240

No earlier filing loaded for comparison.

Net Income

-$11,203

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2016

Assets$105,959
Liabilities$0
Net Assets$105,959
Open 2016 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2016

Revenue$24,037
Expenses$35,240
Net Income-$11,203
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 30, 2017
Return Version
2016v3.0
Gross Receipts
$24,037
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.

Program Services

DescriptionGrantsExpenses
The Storehouse of Hope having received a donation of 15 properties in the close of 2015 established the cities only community land trust. The land trust seeks to stabilize the families in those properties by assisting with food and other services to the families. Additionally, the Storehouse leases the properties to those families at 30% of their stated income which is used to pay the water bills and or taxes. It also uses the service of a company which helps to look after the families and provides them with referral help.$0$21,055
The Storehouse of Hope as an emergency food provider and a partner of Gleaners Food Banks of Southeast Michigan conducted 13 Mobile Food Pantry distributions and served 400 households monthly.$0$0
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Reverend Joan C RossBoard ChairPT$0--
Norma HeathVice ChairPT$0--
Christian LinerTreasurerPT$0--
Jeffrey JonesDirector-$0--
Sharmaine robinsonDirector-$0--
Nicholas LeonardDirector/Attorney To The Board-$0--
Dewayne WellsDirector-$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
2017-04-30
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Storehouse of Hope having received a donation of 15 properties in the close of 2015 established the cities only community land trust. The land trust seeks to stabilize the families in those properties by assisting with food and other services to the families. Additionally, the Storehouse leases the properties to those families at 30% of their stated income which is used to pay the water bills and or taxes. It also uses the service of a company which helps to look after the families and provides them with referral help.
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chair
ReturnHeader/BusinessOfficerGrp/PhoneNum02485656572
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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/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.127.37.174
ReturnHeader/ReturnTs02017-04-30T12:38:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$105,959
Liabilities
$0
Net assets
$105,959
Revenue
$24,037
Expenses
$35,240
Net income
-$11,203
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.20$0.13$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$0.23$0.12$0.12
2020Detailed filing. Detailed filing data is available for this year.$0.97$0.00$0.97$0.16$0.21$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.25$0.36$0.12
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.26$0.38$0.12
2017Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$0.32$0.20$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.24$0.35$0.11