Civic Intelligence

Hoap Inc.

990EZ • Fiscal year 2024 • EIN 46-2795794

Jan 01, 2024 to Dec 31, 2024 • Filed on Jul 23, 2025

PO Box 8473Grand Rapids, MI 49518-8473

(616) 635-0302

Siviq Scores

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

Liabilities / Assets

81st percentile

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.02x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

38th percentile

-1.9%

Higher net margin than 38% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

29th percentile

-13%

Faster asset growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

9.7%

Faster revenue growth than 59% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$16,414

Down $2,493 (-13%) from 2023

Net Assets

Down

$14,086

Down $2,324 (-14%) from 2023

Liabilities

Down

$2,328

Down $169 (-6.8%) from 2023

Revenue

Up

$131,603

Up $11,620 (+9.7%) from 2023

Expenses

Up

$134,098

Up $8,992 (+7.2%) from 2023

Net Income

Up

-$2,495

Up $2,628 (+51%) from 2023

Historical Trend

Balance Sheet Trend

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

$30K$20K$10K$0Assets 2021: $26,105Net Assets 2021: $26,1052021Assets 2022: $29,891Liabilities 2022: $7,897Net Assets 2022: $21,9942022Assets 2023: $18,907Liabilities 2023: $2,497Net Assets 2023: $16,4102023Assets 2024: $16,414Liabilities 2024: $2,328Net Assets 2024: $14,0862024

Highlighted filing

2024

Assets$16,414
Liabilities$2,328
Net Assets$14,086

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2021: $73,855Expenses 2021: $63,146Net Income 2021: $10,7092021Revenue 2022: $96,006Expenses 2022: $68,796Net Income 2022: $27,2102022Revenue 2023: $119,983Expenses 2023: $125,106Net Income 2023: -$5,1232023Revenue 2024: $131,603Expenses 2024: $134,098Net Income 2024: -$2,4952024

Highlighted filing

2024

Revenue$131,603
Expenses$134,098
Net Income-$2,495
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 23, 2025
Return Version
2024v5.2
Gross Receipts
$131,603
Mission and Program Overview

Mission

Provide housing for young mothers

SEE SCHEDULE 0

Program Services

DescriptionGrantsExpenses
SEE SCHEDULE 0-$0
SEE SCHEDULE 0-$0
SEE SCHEDULE 0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LAKESHIA GILBERTPresidentPT$0--
Latricia LomaxVice-PresidentPT$0--
Summer ThompsonTreasurerPT$0--
Trinity ClemonsBoard MemberPT$0--
Tija MatthewsBoard MemberPT$0--
Ardrace MorrisBoard MemberPT$0--
Latasha WallaceBoard MemberPT$0--
Filing and Contact Details

Filer

Filer Name
Hoap Inc
EIN
46-2795794
In Care Of
% LAKESHIA GILBERT
Address
PO BOX 8473, Grand Rapids, MI 49518-8473

Signing Officer

Name
Lakeshia Gilbert
Title
President
Signed
2025-07-23
Discuss with paid preparer
No

Preparer

Firm
Tim Berghuis Accountant
Address
345 BENJAMIN SE, Grand Rapids, MI 49506
Preparer
Tim Berghuis
Phone
6166350302
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

Description AmountBank Fees 317INSURANCE D&O 1,819Advertising & Marketing 500REPAIRS & MAINT 40Books, Subscp & Reference 3,863Supplies 587PROGRAM Exp 72,617REFUNDS 86Professional Develop 1,034Office Supplies & Software 1,953Telephone 2,271Travel & Meetings 2,471Miscellaneous 408Meals 146

Other changes in net assets or fund balances Part I line 20

Description AmountPRIOR PERIOD ADJUSTMENT 171

Description of other assets Part II line 24

Category Beginning of Year End of YearFURNITURE AND EQUIPMENT 377 377

Description of total liabilities Part II line 26

Category Beginning of Year End of YearLONG TERM LOAN 2,497 148Payroll liabilities 0 2,180

General explanation attachment

PRIMARY EXEMPT PURPOSE: Our mission is to educate, empower, and nurture underserved youth and adolescents including young mothers (mothers-to-be). In 20232024, HOAP served 30 single-parent families, primarily young mothers ages Achievement 1 1824, through our Parentpreneur Program. This initiative prepares mothers for the pathway to permanent housing, while equipping them with the skills and ongoing support to achieve stable living, economic independence, and enhanced physical, social, and emotional well-being.Thanks to the support from funding partners, we were able to significantly expand and deepen our impact: Key Outcomes: 56.67% of participants earned a GED or job-relevant certification in high-demand fields, Achievement 2 56.67% of participants experienced wage growth through promotions, higher-paying roles, or leveraging credentials for better opportunities. 66.67% of participants secured employment or advanced in their careers post-program, highlighting the effectiveness of our job-readiness and certification support. 56.67% of participants enrolled in continued education, including GED programs, college courses, and other post-secondary pathwaysmore than double the mid-year rate of 29%. 22 mothers secured stable, long-term housing that offers security, autonomy, and a sense of community and independence. Direct Services Provided: Achievement 3 83 Empowering Educational Workshops for youth and adolescents including young mothers. Weekly 90-minute and bi-weekly 60 min sessions on financial literacy, career development, parenting, decision making, healthy relationships and mental health awareness.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRIMARY EXEMPT PURPOSE: Our mission is to educate, empower, and nurture underserved youth and adolescents including young mothers (mothers-to-be). In 20232024, HOAP served 30 single-parent families, primarily young mothers ages Achievement 1 1824, through our Parentpreneur Program. This initiative prepares mothers for the pathway to permanent housing, while equipping them with the skills and ongoing support to achieve stable living, economic independence, and enhanced physical, social, and emotional well-being.Thanks to the support from funding partners, we were able to significantly expand and deepen our impact: Key Outcomes: 56.67% of participants earned a GED or job-relevant certification in high-demand fields, Achievement 2 56.67% of participants experienced wage growth through promotions, higher-paying roles, or leveraging credentials for better opportunities. 66.67% of participants secured employment or advanced in their careers post-program, highlighting the effectiveness of our job-readiness and certification support. 56.67% of participants enrolled in continued education, including GED programs, college courses, and other post-secondary pathwaysmore than double the mid-year rate of 29%. 22 mothers secured stable, long-term housing that offers security, autonomy, and a sense of community and independence. Direct Services Provided: Achievement 3 83 Empowering Educational Workshops for youth and adolescents including young mothers. Weekly 90-minute and bi-weekly 60 min sessions on financial literacy, career development, parenting, decision making, healthy relationships and mental health awareness.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Description of other assets Part II line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Description of total liabilities Part II line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4General explanation attachment
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
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ReturnHeader/Filer/EIN0462795794
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ReturnHeader/ReturnTs02025-08-29T13:29:39-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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