Civic Intelligence

Hoc Realty Inc

990EZ • Fiscal year 2015 • EIN 47-2570391

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 20, 2016

333 Sherman AvenueNew Haven, CT 06518

(203) 777-6925

Siviq Scores

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

Liabilities / Assets

98th percentile

4.32x

Higher debt load relative to assets than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

98th percentile

3.70x

Higher debt load relative to revenue than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

2nd percentile

-284%

Higher net margin than 2% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

98th percentile

835%

Faster asset growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Assets

Up

$9,347

Up $8,347 (+835%) from 2014

Net Assets

-$30,986

No earlier filing loaded for comparison.

Liabilities

Up

$40,333

Up $39,333 (+3933%) from 2014

Revenue

Up

$10,905

Up $10,905 from 2014

Expenses

Up

$41,891

Up $41,891 from 2014

Net Income

Down

-$30,986

Down $30,986 from 2014

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50KAssets 2014: $1,000Liabilities 2014: $1,0002014Assets 2015: $9,347Liabilities 2015: $40,333Net Assets 2015: -$30,9862015Assets 2016: $26,545Liabilities 2016: $74,241Net Assets 2016: -$47,6962016Assets 2017: $52,889Liabilities 2017: $69,348Net Assets 2017: -$16,4592017Assets 2018: $13,228Liabilities 2018: $9,460Net Assets 2018: $3,7682018Assets 2019: $21,809Liabilities 2019: $6,373Net Assets 2019: $15,4362019Assets 2020: $37,307Liabilities 2020: $6,369Net Assets 2020: $30,9382020Assets 2021: $79,239Liabilities 2021: $11,2652021Assets 2022: $91,508Liabilities 2022: $5,066Net Assets 2022: $86,4422022Assets 2023: $62,017Liabilities 2023: $5,231Net Assets 2023: $56,7862023Assets 2024: $26,352Liabilities 2024: $1,000Net Assets 2024: $25,3522024

Highlighted filing

2015

Assets$9,347
Liabilities$40,333
Net Assets-$30,986

Operations Trend

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

$200K$100K$0-$100KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $10,905Expenses 2015: $41,891Net Income 2015: -$30,9862015Revenue 2016: $73,019Expenses 2016: $69,083Net Income 2016: $3,9362016Revenue 2017: $111,245Expenses 2017: $80,009Net Income 2017: $31,2362017Revenue 2018: $106,658Expenses 2018: $86,432Net Income 2018: $20,2262018Revenue 2019: $129,693Expenses 2019: $118,025Net Income 2019: $11,6682019Revenue 2020: $122,927Expenses 2020: $107,425Net Income 2020: $15,5022020Revenue 2021: $186,992Expenses 2021: $149,956Net Income 2021: $37,0362021Revenue 2022: $117,141Expenses 2022: $114,983Net Income 2022: $2,1582022Revenue 2023: $101,972Expenses 2023: $131,628Net Income 2023: -$29,6562023Revenue 2024: $87,473Expenses 2024: $118,909Net Income 2024: -$31,4362024

Highlighted filing

2015

Revenue$10,905
Expenses$41,891
Net Income-$30,986
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 20, 2016
Return Version
2015v2.1
Gross Receipts
$10,905
Mission and Program Overview

Mission

To be a full-service, nonprofit real estate company committed to providing the best customer-centric service to first-time and repeat homebuyers, sellers, leasees and/or lessors of real estate; in particular to serve those customers who are underserved either because of their income or because they will be transacting business in underserved markets within the state of connecticut. To marshal the customer through the entire home buying/selling/leasing process and to provide a complete one stop shopping experience to customers by working in conjunction with other not-for-profit companies and drawing upon the related services of homebuyer education, counseling, lending and development to create a smarter, more prepared, default-resistant consumer in the homeownership process. Regardless of whether the corporation is representing buyers or sellers, or is facilitating leasing transactions, the corporation shall be committed to placing principles over profits by matching buyers and sellers,

Program Services

DescriptionGrantsExpenses
FULL-SERVICE, NONPROFIT REAL ESTATE COMPANY REGARDLESS OF WHETHER THE CORPORATION IS REPRESENTING BUYERS OR SELLERS, OR IS FACILITATING LEASING TRANSACTIONS, THE CORPORATION SHALL BE COMMITTED TO PLACING PRINCIPLES OVER PROFITS BY MATCHING BUYERS AND SELLERS, LEA SEES AND LEASSORS AND BY FOCUSING ON AFFORDABILITY, SUSTAINABILITY, AND COMMUNITY STABILIZATION TO PROMOTE AND DEVELOP STABLE, THRIVING NEIGHBORHOODS.-$41,891
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES A PALEY PHDDirectorFT$0--
VIRGINIA STEVENSONPresident &-$0--
CHRIS PROKOPSecretary-$0--
KEVIN A MORANTreasurer-$0--
CELESTE SUGGSVice Preside-$0--
Filing and Contact Details

Filer

Filer Name
Hoc Realty Inc
EIN
47-2570391
Phone
2037776925
Address
333 SHERMAN AVENUE, NEW HAVEN, CT 06518

Signing Officer

Name
James a Paley Phd
Title
Director
Phone
2037776925
Signed
2016-07-20
Discuss with paid preparer
Yes

Preparer

Firm
Michaud Accavallo Woodbridge & Cusano
Address
166 ROUTE 81, KILLINGWORTH, CT 06419
Preparer
Darin L Offerdahl Mba CPA
Phone
8606630110
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Commission income 10,905 total 10,905

Form 990-ez, Part I, Line 16

Expenses office expense 1,821 mileage 79 public relations/marketin 18,925 dues & publications 850 total 21,675

Form 990-ez, Part I, Line 20

Prior period adjustment 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 2,464 due to related parties 1,000 37,869

Form 990-ez, Part III

To be a full-service, nonprofit real estate company committed to providing the best customer-centric service to first-time and repeat homebuyers, sellers, leasees and/or lessors of real estate; in particular to serve those customers who are underserved either because of their income or because they will be transacting business in underserved markets within the state of connecticut. To marshal the customer through the entire home buying/selling/leasing process and to provide a complete one stop shopping experience to customers by working in conjunction with other not-for-profit companies and drawing upon the related services of homebuyer education, counseling, lending and development to create a smarter, more prepared, default-resistant consumer in the homeownership process. Regardless of whether the corporation is representing buyers or sellers, or is facilitating leasing transactions, the corporation shall be committed to placing principles over profits by matching buyers and sellers, lea sees and leassors and by focusing on affordability, sustainability, and community stabilization to promote and develop stable, thriving neighborhoods.

Form 990-ez, Part III, Line 28

Full-service, nonprofit real estate company regardless of whether the corporation is representing buyers or sellers, or is facilitating leasing transactions, the corporation shall be committed to placing principles over profits by matching buyers and sellers, lea sees and leassors and by focusing on affordability, sustainability, and community stabilization to promote and develop stable, thriving neighborhoods.

Raw XML Appendix129 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/ExplanationTxt0COMMISSION INCOME 10,905 TOTAL 10,905
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSE 1,821 MILEAGE 79 PUBLIC RELATIONS/MARKETIN 18,925 DUES & PUBLICATIONS 850 TOTAL 21,675
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 2,464 DUE TO RELATED PARTIES 1,000 37,869
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO BE A FULL-SERVICE, NONPROFIT REAL ESTATE COMPANY COMMITTED TO PROVIDING THE BEST CUSTOMER-CENTRIC SERVICE TO FIRST-TIME AND REPEAT HOMEBUYERS, SELLERS, LEASEES AND/OR LESSORS OF REAL ESTATE; IN PARTICULAR TO SERVE THOSE CUSTOMERS WHO ARE UNDERSERVED EITHER BECAUSE OF THEIR INCOME OR BECAUSE THEY WILL BE TRANSACTING BUSINESS IN UNDERSERVED MARKETS WITHIN THE STATE OF CONNECTICUT. TO MARSHAL THE CUSTOMER THROUGH THE ENTIRE HOME BUYING/SELLING/LEASING PROCESS AND TO PROVIDE A COMPLETE ONE STOP SHOPPING EXPERIENCE TO CUSTOMERS BY WORKING IN CONJUNCTION WITH OTHER NOT-FOR-PROFIT COMPANIES AND DRAWING UPON THE RELATED SERVICES OF HOMEBUYER EDUCATION, COUNSELING, LENDING AND DEVELOPMENT TO CREATE A SMARTER, MORE PREPARED, DEFAULT-RESISTANT CONSUMER IN THE HOMEOWNERSHIP PROCESS. REGARDLESS OF WHETHER THE CORPORATION IS REPRESENTING BUYERS OR SELLERS, OR IS FACILITATING LEASING TRANSACTIONS, THE CORPORATION SHALL BE COMMITTED TO PLACING PRINCIPLES OVER PROFITS BY MATCHING BUYERS AND SELLERS, LEA SEES AND LEASSORS AND BY FOCUSING ON AFFORDABILITY, SUSTAINABILITY, AND COMMUNITY STABILIZATION TO PROMOTE AND DEVELOP STABLE, THRIVING NEIGHBORHOODS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FULL-SERVICE, NONPROFIT REAL ESTATE COMPANY REGARDLESS OF WHETHER THE CORPORATION IS REPRESENTING BUYERS OR SELLERS, OR IS FACILITATING LEASING TRANSACTIONS, THE CORPORATION SHALL BE COMMITTED TO PLACING PRINCIPLES OVER PROFITS BY MATCHING BUYERS AND SELLERS, LEA SEES AND LEASSORS AND BY FOCUSING ON AFFORDABILITY, SUSTAINABILITY, AND COMMUNITY STABILIZATION TO PROMOTE AND DEVELOP STABLE, THRIVING NEIGHBORHOODS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES A PALEY PHD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02037776925
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOC REALTY INC
ReturnHeader/Filer/BusinessNameControlTxt0HOCR
ReturnHeader/Filer/EIN0472570391
ReturnHeader/Filer/PhoneNum02037776925
ReturnHeader/Filer/USAddress/AddressLine1Txt0333 SHERMAN AVENUE
ReturnHeader/Filer/USAddress/CityNm0NEW HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006518
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0030500350
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHAUD ACCAVALLO WOODBRIDGE & CUSANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0166 ROUTE 81
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KILLINGWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006419
ReturnHeader/PreparerPersonGrp/PhoneNum08606630110
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARIN L OFFERDAHL MBA CPA
ReturnHeader/ReturnTs02016-07-22T17:01:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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