Civic Intelligence

Thread of Hope Inc.

990EZ • Fiscal year 2023 • EIN 46-3914375

Jan 01, 2023 to Dec 31, 2023 • Filed on May 09, 2024

Organization ProfileWWW.THREADOFHOPE.ORG
179 Bear Hill RoadWaltham, MA 02451

(781) 354-3750

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

85th percentile

37%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

234%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

337%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$16,902

Up $11,848 (+234%) from 2022

Net Assets

Up

$16,902

Up $14,702 (+668%) from 2022

Liabilities

Down

$0

Down $2,854 (-100%) from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin85th percentile

Revenue

Up

$40,181

Up $30,981 (+337%) from 2022

Expenses

Up

$25,479

Up $12,993 (+104%) from 2022

Net Income

Up

$14,702

Up $17,988 (+547%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$40K$30K$20K$10K$0Assets 2013: $1,600Liabilities 2013: $02013Assets 2014: $2,590Liabilities 2014: $02014Assets 2015: $154Liabilities 2015: $02015Assets 2016: $2,155Liabilities 2016: $02016Assets 2021: $9,648Liabilities 2021: $4,162Net Assets 2021: $5,4862021Assets 2022: $5,054Liabilities 2022: $2,854Net Assets 2022: $2,2002022Assets 2023: $16,902Liabilities 2023: $0Net Assets 2023: $16,9022023Assets 2024: $35,631Net Assets 2024: $35,6312024

Highlighted filing

2023

Assets$16,902
Liabilities$0
Net Assets$16,902
Open 2023 Filing

Operations Trend

Revenue Growth97th percentile

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

$60K$40K$20K$0-$20KRevenue 2013: $1,600Expenses 2013: $0Net Income 2013: $1,6002013Revenue 2014: $4,162Expenses 2014: $3,172Net Income 2014: $9902014Revenue 2015: $9,396Expenses 2015: $11,832Net Income 2015: -$2,4362015Revenue 2016: $22,821Expenses 2016: $20,820Net Income 2016: $2,0012016Revenue 2021: $13,773Expenses 2021: $11,886Net Income 2021: $1,8872021Revenue 2022: $9,200Expenses 2022: $12,486Net Income 2022: -$3,2862022Revenue 2023: $40,181Expenses 2023: $25,479Net Income 2023: $14,7022023Revenue 2024: $40,777Expenses 2024: $22,048Net Income 2024: $18,7292024

Highlighted filing

2023

Revenue$40,181
Expenses$25,479
Net Income$14,702
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 9, 2024
Return Version
2023v5.1
Gross Receipts
$40,181
Mission and Program Overview

Mission

Making of distributions to 501(3)(c) organizations

Dedicated to collaborating and investing in innovative projects, both domestic and abroad, that help promote change.

Program Services

DescriptionGrantsExpenses
MISSION IS TO REACH OUT TO THE LIVES OF THE UNDERSERVEDAND UNDERREPRESENTED POPULATIONS.$0$22,284
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
TERESA CITROFounder & PresidentPT$0--
ELLIANNA DESTINEE CITROTreasurerPT$0--
JUSTIN CITROVice PresidentPT$0--
Filing and Contact Details

Filer

Filer Name
Thread of Hope Inc
EIN
46-3914375
Phone
7813543750
Address
179 BEAR HILL ROAD, WALTHAM, MA 02451

Signing Officer

Name
Teresa Citro
Title
CEO
Phone
7813543750
Signed
2024-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Darosa Tax And Business Services Inc
Address
100 Copeland Dr Ste 2, Mansfield, MA 02048
Preparer
Antonio H Darosa
Phone
5082778438
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“AUTOMOBILE EXPENSE 2625.”

Form 990EZ, Part I, Line 16

“BANK CHARGES 320.”

Form 990EZ, Part I, Line 16

“Registration & filing fees 105.”

Form 990EZ, Part I, Line 16

“INSURANCE 2000.”

Form 990EZ, Part I, Line 16

“MISC EXPENSES”

Form 990EZ, Part I, Line 16

“SUPPLIES 750.”

Form 990EZ, Part I, Line 16

“Program service expenses 13884.”

Form 990EZ, Part I, Line 16

“TRAVEL”

Form 990EZ, Part I, Line 16

“WEBSITE 2600.”

Form 990EZ, Part II, Line 24

“RECEIVABLE”

Form 990EZ, Part II, Line 26

“Current liabilities 2854. 0.”

Raw XML Appendix179 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0TERESA CITRO
IRS990EZ/BooksInCareOfDetail/PhoneNum07813543750
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0179 BEAR HILL RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0WALTHAM
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002451
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt05054
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt016902
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt040180
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt014702
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0900
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt05054
IRS990EZ/Form990TotalAssetsGrp/EOYAmt016902
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt040181
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt01
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02200
IRS990EZ/NetAssetsOrFundBalancesEOYAmt016902
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt02200
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt016902
IRS990EZ/OccupancyRentUtltsAndMaintAmt02220
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt115.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt215.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0TERESA CITRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ELLIANNA DESTINEE CITRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JUSTIN CITRO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0FOUNDER & PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt022284
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DEDICATED TO COLLABORATING AND INVESTING IN INNOVATIVE PROJECTS, BOTH DOMESTIC AND ABROAD, THAT HELP PROMOTE CHANGE.
IRS990EZ/PrintingPublicationsPostageAmt075
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MISSION IS TO REACH OUT TO THE LIVES OF THE UNDERSERVEDAND UNDERREPRESENTED POPULATIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt022284
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02854
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt025479
IRS990EZ/TotalProgramServiceExpensesAmt022284
IRS990EZ/TotalRevenueAmt040181
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.THREADOFHOPE.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040180
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt09148
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt013770
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt02059
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04004
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt069161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99990
IRS990ScheduleA/PublicSupportTotal509Amt069161
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt040180
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt09148
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt013770
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02059
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt04004
IRS990ScheduleA/Total509Grp/TotalAmt069161
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt069166
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AUTOMOBILE EXPENSE 2625.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES 320.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REGISTRATION & FILING FEES 105.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSURANCE 2000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISC EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SUPPLIES 750.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROGRAM SERVICE EXPENSES 13884.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TRAVEL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8WEBSITE 2600.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9RECEIVABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10CURRENT LIABILITIES 2854. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERESA CITRO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum07813543750
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THREAD OF HOPE INC
ReturnHeader/Filer/BusinessNameControlTxt0THRE
ReturnHeader/Filer/EIN0463914375
ReturnHeader/Filer/PhoneNum07813543750
ReturnHeader/Filer/USAddress/AddressLine1Txt0179 BEAR HILL ROAD
ReturnHeader/Filer/USAddress/CityNm0WALTHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002451
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201827541
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Darosa Tax And Business Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 Copeland Dr Ste 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Mansfield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002048
ReturnHeader/PreparerPersonGrp/PhoneNum05082778438
ReturnHeader/PreparerPersonGrp/PreparationDt02024-08-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTONIO H DAROSA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-08-06T12:59:27-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,902
Liabilities
$0
Net assets
$16,902
Revenue
$40,181
Expenses
$25,479
Net income
$14,702
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.6$35.6$40.8$22.0$18.7
2023Detailed filing. Detailed filing data is available for this year.$16.9$0.00$16.9$40.2$25.5$14.7
2022Detailed filing. Detailed filing data is available for this year.$5.05$2.85$2.20$9.20$12.5$3.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.65$4.16$5.49$13.8$11.9$1.89
2016Summary only. Only limited summary data is available for this year.$2.16$0.00$22.8$20.8$2.00
2015Summary only. Only limited summary data is available for this year.$0.15$0.00$9.40$11.8$2.44
2014Summary only. Only limited summary data is available for this year.$2.59$0.00$4.16$3.17$0.99
2013Summary only. Only limited summary data is available for this year.$1.60$0.00$1.60$0.00$1.60