Civic Intelligence

Hope Chest Inc.

990 • Fiscal year 2020 • EIN 36-3982573

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 16, 2020

305 West Hillgrove AveLA Grange, IL 60525

(708) 482-0359

Siviq Scores

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

Liabilities / Assets

85th percentile

0.33x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.10x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

33rd percentile

-5.2%

Higher net margin than 33% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

49th percentile

3.0%

Faster asset growth than 49% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

58th percentile

-5.9%

Faster revenue growth than 58% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$81,859

Up $2,373 (+3.0%) from 2019

Net Assets

Down

$54,852

Down $14,452 (-21%) from 2019

Liabilities

Up

$27,007

Up $16,825 (+165%) from 2019

Revenue

Down

$279,331

Down $17,561 (-5.9%) from 2019

Expenses

Down

$293,783

Down $3,140 (-1.1%) from 2019

Net Income

Down

-$14,452

Down $14,421 (-46519%) from 2019

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2014: $42,566Liabilities 2014: $4,713Net Assets 2014: $37,8532014Assets 2016: $66,476Liabilities 2016: $5,810Net Assets 2016: $60,6662016Assets 2017: $81,344Liabilities 2017: $2,224Net Assets 2017: $79,1202017Assets 2018: $73,659Liabilities 2018: $4,324Net Assets 2018: $69,3352018Assets 2019: $79,486Liabilities 2019: $10,182Net Assets 2019: $69,3042019Assets 2020: $81,859Liabilities 2020: $27,007Net Assets 2020: $54,8522020Assets 2021: $130,488Liabilities 2021: $18,064Net Assets 2021: $112,4242021Assets 2022: $125,704Liabilities 2022: $6,725Net Assets 2022: $118,9792022Assets 2023: $126,837Liabilities 2023: $5,944Net Assets 2023: $120,8932023Assets 2024: $101,310Liabilities 2024: $6,581Net Assets 2024: $94,7292024Assets 2025: $144,364Liabilities 2025: $9,151Net Assets 2025: $135,2132025

Highlighted filing

2020

Assets$81,859
Liabilities$27,007
Net Assets$54,852

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2014: $132,114Expenses 2014: $138,682Net Income 2014: -$6,5682014Revenue 2016: $208,689Expenses 2016: $214,900Net Income 2016: -$6,2112016Revenue 2017: $210,844Expenses 2017: $191,341Net Income 2017: $19,5032017Revenue 2018: $263,296Expenses 2018: $272,984Net Income 2018: -$9,6882018Revenue 2019: $296,892Expenses 2019: $296,923Net Income 2019: -$312019Revenue 2020: $279,331Expenses 2020: $293,783Net Income 2020: -$14,4522020Revenue 2021: $295,543Expenses 2021: $237,971Net Income 2021: $57,5722021Revenue 2022: $388,052Expenses 2022: $381,497Net Income 2022: $6,5552022Revenue 2023: $462,063Expenses 2023: $460,149Net Income 2023: $1,9142023Revenue 2024: $485,725Expenses 2024: $511,889Net Income 2024: -$26,1642024Revenue 2025: $467,731Expenses 2025: $427,247Net Income 2025: $40,4842025

Highlighted filing

2020

Revenue$279,331
Expenses$293,783
Net Income-$14,452
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$279,331
Mission and Program Overview

Mission

Through the operation of a up scale thrift shop, the hope chest provides funding to the constance morris house (cmh), a domestic violence shelter and branch of pillars community health. The thrift shop also uses its profits to purchase clothing and household items for cmh as needed and pays certain utility bills for cmh. Cmh is an emergency residential shelter for women and children fleeing from family violence. The shelter can accommodate 25 women and children at any given time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$70,153$72,499▲ $2,346
Rtn Earn Endowment Incm Other Fnds$69,304$54,852▼ $14,452
Prepaid Expenses and Deferred Charges-$2,252-
Land, Buildings, and Equipment, Net$3,323$1,108▼ $2,215
Accounts Receivable$10--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$79,486$81,859▲ $2,373
Other Assets Total$6,000$6,000→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property-$21,730-
Other Liabilities$10,182$5,277▼ $4,905
Total Liabilities$10,182$27,007▲ $16,825
Net Assets / Fund Balance
Total Net Assets Fund Balance$69,304$54,852▼ $14,452
Total Liabilities and Net Assets / Fund Balance$79,486$81,859▲ $2,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,108$10,524$11,632
Other Assets Org$6,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carrie FrechPresident
Heidi HamptonCo Vice-president
Terrie KingCo Vice-president
Amy RooneyBoard Member
Jen RigleyBoard Member
Jessica BallBoard Member
Jill GrechBoard Member
Julie CongerBoard Member
Laura BrownBoard Member
Laura GatlandBoard Member
Monica CarriedoBoard Member
Sally CoutureBoard Member
Sangya ReddyBoard Member
Sharon VolzSecretary
Catherine WashburnTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,026
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$263,305
All Other Contributions
$16,026
Change in Net Assets
$-14,452
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$106,236
Grants and Similar Amounts Paid$99,299
Other Expenses$88,248
Total Fundraising Expense$245
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$99,299--$99,299
Other Salaries and Wages$98,281--$98,281
Occupancy$52,851--$52,851
Payroll Taxes$7,955--$7,955
Fees for Services Accounting-$7,250-$7,250
Fees for Services Other$5,330--$5,330
Insurance$2,670$585-$3,255
Depreciation Depletion$2,215--$2,215
Other Expenses$549$570-$1,119
Advertising$733-$245$978
All Other Expenses$760--$760
Office Expenses-$481-$481
Total Functional Expenses$283,140$10,398$245$293,783
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Pillars Community HealthLa Grange, IL501(c)(3)Cash Grants Are Made to Assist With Funding the Operatiosn of Constance Morris House (cmh), a Domestic Violence Shelter and Branch of Pillars. Additionally, the Home Chest Pays Certainutility Costs to Provide Cmh Residents With Cable and Internet. the Hope Chest Also Suppliesresidents With Clothing and Household Items When Requested by Cmb. Occasionally, the Hope Chest Fundssmall Renovation/refurbishment Projects for Cmh.-
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Payroll Tax$2,078
Sales Tax Payable$1,954
Gift Certificates Outstanding$1,245
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Part VI, Section B, Line 11B

Officers and board members are provided a copy of the 990 tax return to review. Preparer is available to answer any questions the officers or board members have.

Form 990, Part VI, Section C, Line 19

The documents, as well as the financial statements, are kept by the board officers and are available for review upon request.

Filing and Contact Details

Filer

Filer Name
Hope Chest Inc
EIN
36-3982573
Phone
7084820359
Address
305 WEST HILLGROVE AVE, LA GRANGE, IL 60525

Signing Officer

Name
Catherine a Washburn
Title
Treasurer
Phone
7732591273
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Catherine a Washburn
Formed
1994
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
10
Employees
17
Volunteers
0

Preparer

Firm
Cp Accounting Inc
Address
534 NORTH KENSINGTON AVENUE, LA GRANGE PARK, IL 60526
Preparer
Catherine a Phillips
Phone
7086485413
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

As of the filing date, forgiveness for ppp loans has not yet been finalized. It is expected that this entity will receive 100% ppp loan forgiveness based on current ppp loan forgiveness guidelines.

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IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06000
IRS990/OtherAssetsTotalGrp/EOYAmt06000
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CREDIT CARD FEES
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3OTHER MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01512
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1570
IRS990/OtherExpensesGrp/ProgramServicesAmt07066
IRS990/OtherExpensesGrp/ProgramServicesAmt15431
IRS990/OtherExpensesGrp/ProgramServicesAmt2549
IRS990/OtherExpensesGrp/TotalAmt07066
IRS990/OtherExpensesGrp/TotalAmt15431
IRS990/OtherExpensesGrp/TotalAmt21512
IRS990/OtherExpensesGrp/TotalAmt31119
IRS990/OtherLiabilitiesGrp/BOYAmt010182
IRS990/OtherLiabilitiesGrp/EOYAmt05277
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0SBA EID LOAN ADVANCE
IRS990/OtherRevenueMiscGrp/Desc1SALE OF SCRAP JEWELRY
IRS990/OtherRevenueMiscGrp/Desc2SALES TAX DISCOUNT
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11511
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2450
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt010000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt11511
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt2450
IRS990/OtherRevenueTotalAmt011961
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt098281
IRS990/OtherSalariesAndWagesGrp/TotalAmt098281
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt07955
IRS990/PayrollTaxesGrp/TotalAmt07955
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02252
IRS990/PrincipalOfficerNm0CATHERINE A WASHBURN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt010235
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt097994
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt091099
IRS990/PYOtherRevenueAmt0286657
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-31
IRS990/PYSalariesCompEmpBnftPaidAmt0107830
IRS990/PYTotalExpensesAmt0296923
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0296892
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-14452
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0251344
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt069304
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt054852
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt016026
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt010236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016371
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt06825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt08053
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt057511
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0251344
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0286439
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0253125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0208567
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0203182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01202657
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01260168
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0267370
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0296675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0269496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0215392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0211235
IRS990ScheduleA/Total509Grp/TotalAmt01260168
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0267370
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0296675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0269496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0215392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0211235
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01260168
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSIT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01108
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010524
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01245
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12078
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GIFT CERTIFICATES OUTSTANDING
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SALES TAX PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF THE FILING DATE, FORGIVENESS FOR PPP LOANS HAS NOT YET BEEN FINALIZED. IT IS EXPECTED THAT THIS ENTITY WILL RECEIVE 100% PPP LOAN FORGIVENESS BASED ON CURRENT PPP LOAN FORGIVENESS GUIDELINES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01108
IRS990ScheduleD/TotalBookValueOtherAssetsAmt06000
IRS990ScheduleD/TotalLiabilityAmt05277
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0PAYMENTS TO COMCAST, RETAIL STORES FOR CLOTHING AND SUPPLIES,
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0CASH GRANTS ARE MADE TO ASSIST WITH FUNDING THE OPERATIOSN OF CONSTANCE MORRIS HOUSE (CMH), A DOMESTIC VIOLENCE SHELTER AND BRANCH OF PILLARS. ADDITIONALLY, THE HOME CHEST PAYS CERTAINUTILITY COSTS TO PROVIDE CMH RESIDENTS WITH CABLE AND INTERNET. THE HOPE CHEST ALSO SUPPLIESRESIDENTS WITH CLOTHING AND HOUSEHOLD ITEMS WHEN REQUESTED BY CMB. OCCASIONALLY, THE HOPE CHEST FUNDSSMALL RENOVATION/REFURBISHMENT PROJECTS FOR CMH.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PILLARS COMMUNITY HEALTH
IRS990ScheduleI/RecipientTable/RecipientEIN0364166490
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0333 NORTH LA GRANGE ROAD
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LA GRANGE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd060526
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0ACTUAL PAYMENTS TO VENDORS
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OFFICERS AND BOARD MEMBERS ARE PROVIDED A COPY OF THE 990 TAX RETURN TO REVIEW. PREPARER IS AVAILABLE TO ANSWER ANY QUESTIONS THE OFFICERS OR BOARD MEMBERS HAVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DOCUMENTS, AS WELL AS THE FINANCIAL STATEMENTS, ARE KEPT BY THE BOARD OFFICERS AND ARE AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt079486
IRS990/TotalAssetsEOYAmt081859
IRS990/TotalAssetsGrp/BOYAmt079486
IRS990/TotalAssetsGrp/EOYAmt081859
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt016026
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0245
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt010398
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0283140
IRS990/TotalFunctionalExpensesGrp/TotalAmt0293783
IRS990/TotalGrossUBIAmt011961
IRS990/TotalLiabilitiesBOYAmt010182
IRS990/TotalLiabilitiesEOYAmt027007

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