Civic Intelligence

Hoc Lending Inc.

990EZ • Fiscal year 2020 • EIN 82-2154953

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 05, 2021

Organization ProfileN/A
333 Sherman AveNew Haven, CT 06511

(877) 829-5500

Siviq Scores

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

Liabilities / Assets

76th percentile

0.11x

Higher debt load relative to assets than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

90th percentile

0.48x

Higher debt load relative to revenue than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

90th percentile

53%

Higher net margin than 90% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

32%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

267%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$341,083

Up $82,211 (+32%) from 2019

Net Assets

Up

$301,888

Up $43,016 (+17%) from 2019

Liabilities

$39,195

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin90th percentile

Revenue

Up

$81,182

Up $59,048 (+267%) from 2019

Expenses

Up

$38,166

Up $12,882 (+51%) from 2019

Net Income

Up

$43,016

Up $46,166 (+1466%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd percentile

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

$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

2020

Assets$341,083
Liabilities$39,195
Net Assets$301,888
Open 2020 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$81,182
Expenses$38,166
Net Income$43,016
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 5, 2021
Return Version
2020v4.0
Gross Receipts
$81,182
Mission and Program Overview

Mission

To provide low cost financing to low income families

Program Services

DescriptionGrantsExpenses
EXPENSES TO PERFORM LOW COST FINANCING.-$38,166
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JAMES PALEYExecutive Di-$0--
LESLIE RADCLIFFEPresident-$0--
CAROL HELLERVice Preside-$0--
VIRGINIA STEVENSONSecretary-$0--
SARAH MCQUEENTreasurer-$0--
SANDRA HADLANDBoard Member-$0--
JACQUELYN PHEANIOUSBoard Member-$0--
MONIKA MITTELHOLZERBoard Member-$0--
GLENN DAVISBoard Member-$0--
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
2021-08-05
Discuss with paid preparer
Yes

Preparer

Firm
Ao & Company LLC
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

“Misc income 66,000 total 66,000”

Form 990-ez, Part I, Line 16

“Expenses office exp & supplies 1,127 insurance 9,766 dues license fees 110 total 11,003”

Form 990-ez, Part II, Line 24

“Grants receivable 10,600 0 prepaid expenses and deferred charges 6,616 8,310 mortgage loans receivable 17,516 17,720 due from related party 157,300 0 total 192,032 26,030”

Form 990-ez, Part II, Line 26

“Due to related party 0 38,302 funds held in escrow 0 893”

Raw XML Appendix165 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0JAMES PALEY
CompensationExplanation/CompensationExplanationGrp/PersonNm1LESLIE RADCLIFFE
CompensationExplanation/CompensationExplanationGrp/PersonNm2CAROL HELLER
CompensationExplanation/CompensationExplanationGrp/PersonNm3VIRGINIA STEVENSON
CompensationExplanation/CompensationExplanationGrp/PersonNm4SARAH MCQUEEN
CompensationExplanation/CompensationExplanationGrp/PersonNm5SANDRA HADLAND
CompensationExplanation/CompensationExplanationGrp/PersonNm6JACQUELYN PHEANIOUS
CompensationExplanation/CompensationExplanationGrp/PersonNm7MONIKA MITTELHOLZER
CompensationExplanation/CompensationExplanationGrp/PersonNm8GLENN DAVIS
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0JAMES PALEY
IRS990EZ/BooksInCareOfDetail/PhoneNum08778295500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0333 SHERMAN AVENUE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW HAVEN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd006511
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt066840
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0315053
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt010000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt043016
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0748
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0258872
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0341083
IRS990EZ/GrossReceiptsAmt081182
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0258872
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0301888
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0258872
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0301888
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt5000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt6000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt7000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt8000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt80
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JAMES PALEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LESLIE RADCLIFFE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CAROL HELLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3VIRGINIA STEVENSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4SARAH MCQUEEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SANDRA HADLAND
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JACQUELYN PHEANIOUS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MONIKA MITTELHOLZER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8GLENN DAVIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0192032
IRS990EZ/OtherAssetsTotalDetail/EOYAmt026030
IRS990EZ/OtherExpensesTotalAmt011003
IRS990EZ/OtherRevenueTotalAmt066000
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE LOW COST FINANCING TO LOW INCOME FAMILIES
IRS990EZ/ProgramServiceRevenueAmt05182
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0EXPENSES TO PERFORM LOW COST FINANCING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt038166
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt026415
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt039195
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt038166
IRS990EZ/TotalProgramServiceExpensesAmt038166
IRS990EZ/TotalRevenueAmt081182
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt010301
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt071182
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt022134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt035010
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0128326
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0138627
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt081182
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt022134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt035310
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/Total509Grp/TotalAmt0138627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt081182
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt022134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt035310
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0138627
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MISC INCOME 66,000 TOTAL 66,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXP & SUPPLIES 1,127 INSURANCE 9,766 DUES LICENSE FEES 110 TOTAL 11,003
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS RECEIVABLE 10,600 0 PREPAID EXPENSES AND DEFERRED CHARGES 6,616 8,310 MORTGAGE LOANS RECEIVABLE 17,516 17,720 DUE FROM RELATED PARTY 157,300 0 TOTAL 192,032 26,030
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUE TO RELATED PARTY 0 38,302 FUNDS HELD IN ESCROW 0 893
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES PALEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02037776925
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-05
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/PreparerFirmGrp/PreparerFirmEIN0030500350
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0AO & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0166 ROUTE 81
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KILLINGWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006419
ReturnHeader/PreparerPersonGrp/PhoneNum08606630110
ReturnHeader/PreparerPersonGrp/PreparationDt02021-09-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARIN L OFFERDAHL MBA CPA
ReturnHeader/ReturnTs02021-09-09T10:55:06-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JAMES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PALEY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$341,083
Liabilities
$39,195
Net assets
$301,888
Revenue
$81,182
Expenses
$38,166
Net income
$43,016
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.56$0.14$4.42$0.22$0.14$0.08
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.63$0.82$8.82$1.71$1.80$0.08
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.12$0.22$8.90$1.45$1.64$0.20
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.90$1.23$7.67$5.83$1.18$4.65
2020Detailed filing. Detailed filing data is available for this year.$3.41$0.39$3.02$0.81$0.38$0.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$2.59$0.22$0.25$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$2.62$0.35$0.20$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.12$2.47$0.00$0.05$0.05