Civic Intelligence

Hoc Lending Inc

EIN 82-2154953 • 501(c)3 • New Haven, CT

Profile

To provide low cost financing to low income families

333 Sherman AveNew Haven, CT 06511
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

0.64x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

19th percentile

-53%

Faster asset growth than 19% of similar nonprofits.

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

Revenue Growth

8th percentile

-87%

Faster revenue growth than 8% of similar nonprofits.

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

Assets

Down

$456,369

Down $506,934 (-53%) from 2023

Liabilities

Down

$14,327

Down $67,382 (-82%) from 2023

Net Assets

Down

$442,042

Down $439,552 (-50%) from 2023

Revenue

Down

$22,320

Down $149,177 (-87%) from 2023

Expenses

Down

$14,443

Down $165,319 (-92%) from 2023

Net Income

Up

$7,877

Up $16,142 (+195%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2017: $259,221Liabilities 2017: $12,082Net Assets 2017: $247,1392017Assets 2018: $262,022Net Assets 2018: $262,0222018Assets 2019: $258,872Net Assets 2019: $258,8722019Assets 2020: $341,083Liabilities 2020: $39,195Net Assets 2020: $301,8882020Assets 2021: $890,251Liabilities 2021: $123,079Net Assets 2021: $767,1722021Assets 2022: $911,743Liabilities 2022: $21,884Net Assets 2022: $889,8592022Assets 2023: $963,303Liabilities 2023: $81,709Net Assets 2023: $881,5942023Assets 2024: $456,369Liabilities 2024: $14,327Net Assets 2024: $442,0422024

Highlighted filing

2024

Assets$456,369
Liabilities$14,327
Net Assets$442,042

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2017: $1Expenses 2017: $4,862Net Income 2017: -$4,8612017Revenue 2018: $35,310Expenses 2018: $20,426Net Income 2018: $14,8842018Revenue 2019: $22,134Expenses 2019: $25,284Net Income 2019: -$3,1502019Revenue 2020: $81,182Expenses 2020: $38,166Net Income 2020: $43,0162020Revenue 2021: $583,035Expenses 2021: $117,751Net Income 2021: $465,2842021Revenue 2022: $144,586Expenses 2022: $164,341Net Income 2022: -$19,7552022Revenue 2023: $171,497Expenses 2023: $179,762Net Income 2023: -$8,2652023Revenue 2024: $22,320Expenses 2024: $14,443Net Income 2024: $7,8772024

Highlighted filing

2024

Revenue$22,320
Expenses$14,443
Net Income$7,877

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 31, 2025
Return Version
2024v5.0
Gross Receipts
$22,320
Mission and Program Overview

Mission

To provide low cost financing to low income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$196,106$239,747▲ $43,641
Other Notes and Loans Receivable, Net$28,116$31,714▲ $3,598
Cash and Non-Interest-Bearing Accounts$48,629$23,570▼ $25,059
Total Assets$963,303$456,369▼ $506,934
Other Assets Total$690,452$161,338▼ $529,114
Liabilities
Accounts Payable and Accrued Expenses$68,170--
Other Liabilities$13,539$14,327▲ $788
Total Liabilities$81,709$14,327▼ $67,382
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$881,594$442,042▼ $439,552
Total Net Assets Fund Balance$881,594$442,042▼ $439,552
Total Liabilities and Net Assets / Fund Balance$963,303$456,369▼ $506,934

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$161,338--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Leslie RadcliffePresident
Glenn DavisBoard Member
Jacquelyn PheaniousBoard Member
Monika MittelholzerBoard Member
James PaleyExecutive Di
Virginia StevensonSecretary
Sarah McqueenTreasurer
Carol HellerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,008
Program Service Revenue
$12,093
Investment Income
$0
Other Revenue
$9,219
All Other Contributions
$1,008
Change in Net Assets
$7,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$14,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$12,730--$12,730
Fees for Services Other$1,748--$1,748
Office Expenses$-35--$-35
Total Functional Expenses$14,443$0$0$14,443
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
Funds Held in Escrow$14,327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by management and made available for review to the board of directors prior to filing.

Form 990, Page 6, Part VI, Line 12C

Officers and employees are asked to report conflicts of interest annually and/or as they arise.

Form 990, Page 6, Part VI, Line 19

Governing documents made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hoc Lending Inc
EIN
82-2154953
Phone
8778295500
Address
333 SHERMAN AVE, NEW HAVEN, CT 06511

Signing Officer

Name
James Paley
Title
Executive Director
Phone
2037776925
Signed
2025-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Paley
Formed
2017
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Offerdahl Emerson & Company LLC
Address
166 ROUTE 81 STE 1, KILLINGWORTH, CT 06419-1481
Preparer
Darin L Offerdahl
Phone
8606630110
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services 1,748 0 0

Raw XML Appendix335 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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IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd006511
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES PALEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02037776925
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOC LENDING INC
ReturnHeader/Filer/BusinessNameControlTxt0HOCL
ReturnHeader/Filer/EIN0822154953
ReturnHeader/Filer/PhoneNum08778295500
ReturnHeader/Filer/USAddress/AddressLine1Txt0333 SHERMAN AVE
ReturnHeader/Filer/USAddress/CityNm0NEW HAVEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006511
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0871088082
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OFFERDAHL EMERSON & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0166 ROUTE 81 STE 1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KILLINGWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0064191481
ReturnHeader/PreparerPersonGrp/PhoneNum08606630110
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARIN L OFFERDAHL
ReturnHeader/ReturnTs02025-09-03T14:34:05-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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