Civic Intelligence

Hope Thrift Inc

990 • Fiscal year 2016 • EIN 45-3858823

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

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

77th percentile

0.10x

Higher debt load relative to assets than 77% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.02x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

57th percentile

6.1%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

96th percentile

$69,633

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 30.2% of source-year revenue.

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

Asset Growth

49th percentile

1.2%

Faster asset growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

34th percentile

-10%

Faster revenue growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$54,987

Up $653 (+1.2%) from 2015

Net Assets

Up

$49,460

Up $14,153 (+40%) from 2015

Liabilities

Down

$5,527

Down $13,500 (-71%) from 2015

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin57th percentile

Revenue

Down

$230,573

Down $26,739 (-10%) from 2015

Expenses

Down

$216,420

Down $2,299 (-1.1%) from 2015

Net Income

Down

$14,153

Down $24,440 (-63%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

2016

Assets$54,987
Liabilities$5,527
Net Assets$49,460
Open 2016 Filing

Operations Trend

Revenue Growth34th percentile

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

2016

Revenue$230,573
Expenses$216,420
Net Income$14,153
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$230,573
Mission and Program Overview

Mission

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$35,307$49,460▲ $14,153
Other Notes and Loans Receivable, Net$31,785$31,785→ $0
Cash and Non-Interest-Bearing Accounts$13,674$15,891▲ $2,217
Land, Buildings, and Equipment, Net$4,835$3,271▼ $1,564
Total Assets$54,334$54,987▲ $653
Other Assets Total$4,040$4,040→ $0
Liabilities
Other Liabilities$19,027$5,527▼ $13,500
Total Liabilities$19,027$5,527▼ $13,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,307$49,460▲ $14,153
Total Liabilities and Net Assets / Fund Balance$54,334$54,987▲ $653

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,922$3,363$6,285
Other Land Buildings$349$377$726
Other Assets Org$4,040--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleOtherTotal
William AntinorePresident$69,633$69,633

Board Members and Trustees

NameTitle
William F BorghardSecretary
Ronald BeebeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,573
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$14,153
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$121,225
Salaries, Compensation, and Employee Benefits$95,195
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$87,201--$87,201
Occupancy$76,334--$76,334
Insurance$10,038--$10,038
Payroll Taxes$7,994--$7,994
Fees for Services Accounting$5,265--$5,265
Office Expenses$2,634--$2,634
Depreciation Depletion$1,564--$1,564
Other Expenses$325--$325
Total Functional Expenses$216,420$0$0$216,420
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
Federal income taxes$5,527
Related note - SOHM-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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

“Organizations Process to Review Form 990 - The governing body reviews Form 990 prior to filing. Electronic copies are distributed, reviewed, and commented on. A final in-person review is conducted.”

Form 990, Part VI, Section C, Line 19

“Governing Documents Disclosure Explanation - Governing documents and financial statements are available upon request.”

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
William Borghard
Title
Secretary
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Borghard
Formed
2012
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
2
Employees
12
Volunteers
15

Preparer

Firm
Van Noy & Co LLP
Address
PO Box 747, Mullica Hill, NJ 08062
Preparer
Linda M Van Noy
Phone
8562230107
Supplemental Narrative

Additional Explanations

Form 990, Part I, Section 1, Line 1

“Form 990 - Organizations 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 c3 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.”

Form 990, Part V, Line Line 3B

“The organization does not have unrelated business income.”

Raw XML Appendix355 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/ExplanationTxt0Form 990 - Organizations 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 c3 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organizations Process to Review Form 990 - The governing body reviews Form 990 prior to filing. Electronic copies are distributed, reviewed, and commented on. A final in-person review is conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing Documents Disclosure Explanation - Governing documents and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The organization does not have unrelated business income.
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IRS990/TotalProgramServiceExpensesAmt0216420
IRS990/TotalProgramServiceRevenueAmt0230573
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230573
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230573
IRS990/TotalVolunteersCnt015
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt054334
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt054987
IRS990/TotReportableCompRltdOrgAmt069633
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01700 South Broadway
IRS990/USAddress/CityNm0Camden
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008104
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0William Borghard
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
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/FilingSecurityInformation/AtSubmissionCreationDeviceId07057FE8080F6BA107BAF0A6E9974679656731C3E
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07057FE8080F6BA107BAF0A6E9974679656731C3E
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.142.76.60
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm018:40:37
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Van Noy & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 747
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mullica Hill
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008062
ReturnHeader/PreparerPersonGrp/PhoneNum08562230107
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Linda M Van Noy
ReturnHeader/ReturnTs02017-11-15T01:42:14-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$54,987
Liabilities
$5,527
Net assets
$49,460
Revenue
$230,573
Expenses
$216,420
Net income
$14,153
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