Civic Intelligence

Hope Thrift Inc

990 • Fiscal year 2014 • EIN 45-3858823

Jan 01, 2014 to Dec 31, 2014 • Filed on Sep 01, 2015

Organization Profile
25 South White Horse PikeStratford, NJ 08084

(856) 217-4597

Siviq Scores

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

Liabilities / Assets

95th percentile

1.09x

Higher debt load relative to assets than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

37th percentile

-1.5%

Higher net margin than 37% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

96th percentile

$69,628

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 24.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

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

Source year 2014

Revenue Growth

Score unavailable

No value available

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

Source year 2014

Balance Sheet
Liabilities / Assets95th percentile

Assets

$36,645

No earlier filing loaded for comparison.

Net Assets

-$3,286

No earlier filing loaded for comparison.

Liabilities

$39,931

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin37th percentile

Revenue

$283,696

No earlier filing loaded for comparison.

Expenses

$287,844

No earlier filing loaded for comparison.

Net Income

-$4,148

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.

$80K$60K$40K$20K$0-$20KAssets 2014: $36,645Liabilities 2014: $39,931Net Assets 2014: -$3,2862014Assets 2015: $54,334Liabilities 2015: $19,027Net Assets 2015: $35,3072015Assets 2016: $54,987Liabilities 2016: $5,527Net Assets 2016: $49,4602016Assets 2017: $61,639Liabilities 2017: $0Net Assets 2017: $61,6392017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2014

Assets$36,645
Liabilities$39,931
Net Assets-$3,286
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0-$100KRevenue 2014: $283,696Expenses 2014: $287,844Net Income 2014: -$4,1482014Revenue 2015: $257,312Expenses 2015: $218,719Net Income 2015: $38,5932015Revenue 2016: $230,573Expenses 2016: $216,420Net Income 2016: $14,1532016Revenue 2017: $220,142Expenses 2017: $207,963Net Income 2017: $12,1792017Revenue 2018: $42,525Expenses 2018: $104,164Net Income 2018: -$61,6392018

Highlighted filing

2014

Revenue$283,696
Expenses$287,844
Net Income-$4,148
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Sep 1, 2015
Return Version
2014v5.0
Gross Receipts
$283,696
Mission and Program Overview

Mission

Hope thrift inc. Is a christian faith based organization that collects clothes and other household items and offers them for sale at discount prices. Proceeds from the sales are donated to seeds of hope ministries, inc., a related 501(c)(3) organization. A portion of the clothing and other items collected will be distributed to those in need without charge. Newly released inmates work in this ministry to assist in their reentry into the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$40,793$26,425▼ $14,368
Land, Buildings, and Equipment, Net-$220-
Rtn Earn Endowment Incm Other Fnds$862$-3,286▼ $4,148
Total Assets$40,793$36,645▼ $4,148
Other Assets Total-$10,000-
Liabilities
Other Liabilities$39,931$39,931→ $0
Total Liabilities$39,931$39,931→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$862$-3,286▼ $4,148
Total Liabilities and Net Assets / Fund Balance$40,793$36,645▼ $4,148

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$220$330$550
Other Assets Org$10,000--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
William M AntinorePresidentPT$69,628$69,628

Board Members and Trustees

NameTitle
William F BorghardSecretary
John P VolzTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$283,696
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-4,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$197,821
Salaries, Compensation, and Employee Benefits$90,023
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$95,500--$95,500
Other Salaries and Wages$80,998--$80,998
Occupancy$62,073--$62,073
Payroll Taxes$9,025--$9,025
Insurance$4,198--$4,198
Fees for Services Accounting$3,895--$3,895
Office Expenses$3,812--$3,812
Other Expenses$1,981$2,226-$1,981
All Other Expenses$1,095$343-$1,438
Depreciation Depletion$330--$330
Total Functional Expenses$285,275$2,569$0$287,844
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
Loan Payable - Sohm$39,931
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Hope Thrift Inc
EIN
45-3858823
Phone
8562174597
Address
25 SOUTH WHITE HORSE PIKE, STRATFORD, NJ 08084

Signing Officer

Name
John P Volz
Title
Director
Phone
8562174597
Signed
2015-09-01

Organization Details

Principal Officer
John P Volz
Formed
2012
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
13
Volunteers
21

Preparer

Firm
Business Accounting Systems Pc
Address
943 KINGS HWY STE 204, WEST DEPTFORD, NJ 08066
Preparer
Leon a Elwell Pa Ea
Phone
8568535422
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Hope thrift inc. Is a christian faith based organization that collects clothes and other household items and offers them for sale at discount prices. Proceeds from the sales are donated to seeds of hope ministries, inc., a related 501(c)(3) organization. A portion of the clothing and other items collected will be distributed to those in need without charge. Newly released inmates work in this ministry to assist in their reentry into the community.”

Raw XML Appendix273 raw XML fields

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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOPE THRIFT INC. IS A CHRISTIAN FAITH BASED ORGANIZATION THAT COLLECTS CLOTHES AND OTHER HOUSEHOLD ITEMS AND OFFERS THEM FOR SALE AT DISCOUNT PRICES. PROCEEDS FROM THE SALES ARE DONATED TO SEEDS OF HOPE MINISTRIES, INC., A RELATED 501(C)(3) ORGANIZATION. A PORTION OF THE CLOTHING AND OTHER ITEMS COLLECTED WILL BE DISTRIBUTED TO THOSE IN NEED WITHOUT CHARGE. NEWLY RELEASED INMATES WORK IN THIS MINISTRY TO ASSIST IN THEIR REENTRY INTO THE COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08562174597
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-09-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE THRIFT INC
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0453858823
ReturnHeader/Filer/PhoneNum08562174597
ReturnHeader/Filer/USAddress/AddressLine1Txt025 SOUTH WHITE HORSE PIKE
ReturnHeader/Filer/USAddress/CityNm0STRATFORD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008084
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0222002088
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0943 KINGS HWY STE 204
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST DEPTFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008066
ReturnHeader/PreparerPersonGrp/PhoneNum08568535422
ReturnHeader/PreparerPersonGrp/PreparationDt02015-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LEON A ELWELL PA EA
ReturnHeader/ReturnTs02015-11-06T08:05:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,645
Liabilities
$39,931
Net assets
-$3,286
Revenue
$283,696
Expenses
$287,844
Net income
-$4,148
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.43$1.04$0.62
2017Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$2.20$2.08$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.55$0.06$0.49$2.31$2.16$0.14
2015Detailed filing. Detailed filing data is available for this year.$0.54$0.19$0.35$2.57$2.19$0.39
2014Detailed filing. Detailed filing data is available for this year.$0.37$0.40$0.03$2.84$2.88$0.04