Civic Intelligence

Hope-Net

990EZ • Fiscal year 2015 • EIN 95-4192021

Jan 01, 2015 to Dec 31, 2015 • Filed on May 04, 2016

Organization ProfileN/A
760 S Westmoreland AvenueLos Angeles, CA 90005

(213) 389-9949

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$3,340

Down $2,256,369 (-100%) from 2014

Net Assets

Down

$0

Down $684,722 (-100%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

Down

$0

Down $243,952 (-100%) from 2014

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $2,090,560Liabilities 2010: $1,424,893Net Assets 2010: $665,6672010Assets 2011: $2,122,495Liabilities 2011: $1,451,390Net Assets 2011: $671,1052011Assets 2012: $2,196,335Liabilities 2012: $1,493,260Net Assets 2012: $703,0752012Assets 2013: $2,249,696Liabilities 2013: $1,542,325Net Assets 2013: $707,3712013Assets 2014: $2,259,709Liabilities 2014: $1,574,987Net Assets 2014: $684,7222014Assets 2015: $3,340Net Assets 2015: $02015Assets 2015: $2,255,313Liabilities 2015: $1,612,356Net Assets 2015: $642,9572015Assets 2016: $2,237,189Liabilities 2016: $1,655,507Net Assets 2016: $581,6822016Assets 2017: $2,203,091Liabilities 2017: $1,681,958Net Assets 2017: $521,1332017Assets 2018: $2,189,004Liabilities 2018: $1,718,209Net Assets 2018: $470,7952018Assets 2019: $2,073,720Liabilities 2019: $3,520,336Net Assets 2019: -$1,446,6162019Assets 2020: $1,974,966Liabilities 2020: $3,581,207Net Assets 2020: -$1,606,2412020Assets 2021: $1,925,832Liabilities 2021: $3,640,545Net Assets 2021: -$1,714,7132021Assets 2022: $1,783,948Liabilities 2022: $3,680,132Net Assets 2022: -$1,896,1842022Assets 2023: $1,795,150Liabilities 2023: $3,743,974Net Assets 2023: -$1,948,8242023Assets 2024: $1,797,141Liabilities 2024: $3,798,610Net Assets 2024: -$2,001,4692024

Highlighted filing

2015

Assets$3,340
Liabilities-
Net Assets$0
Open 2015 Filing

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $363,970Expenses 2010: $330,257Net Income 2010: $33,7132010Revenue 2011: $322,294Expenses 2011: $316,856Net Income 2011: $5,4382011Revenue 2012: $325,406Expenses 2012: $293,436Net Income 2012: $31,9702012Revenue 2013: $260,911Expenses 2013: $256,615Net Income 2013: $4,2962013Revenue 2014: $243,952Expenses 2014: $266,601Net Income 2014: -$22,6492014Revenue 2015: $02015Revenue 2015: $209,094Expenses 2015: $250,859Net Income 2015: -$41,7652015Revenue 2016: $172,151Expenses 2016: $233,426Net Income 2016: -$61,2752016Revenue 2017: $173,101Expenses 2017: $233,650Net Income 2017: -$60,5492017Revenue 2018: $154,678Expenses 2018: $205,016Net Income 2018: -$50,3382018Revenue 2019: $416,449Expenses 2019: $550,924Net Income 2019: -$134,4752019Revenue 2020: $434,913Expenses 2020: $594,538Net Income 2020: -$159,6252020Revenue 2021: $389,619Expenses 2021: $486,768Net Income 2021: -$97,1492021Revenue 2022: $316,874Expenses 2022: $498,345Net Income 2022: -$181,4712022Revenue 2023: $465,680Expenses 2023: $518,320Net Income 2023: -$52,6402023Revenue 2024: $435,740Expenses 2024: $488,385Net Income 2024: -$52,6452024

Highlighted filing

2015

Revenue$0
Expenses-
Net Income-
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 4, 2016
Return Version
2015v2.0
Mission and Program Overview

Mission

The Organizaton was formed to address the hunger and homeless needs of poverty stricken families of the community through the distribution of food, clothing and shelter. Additionally, it develops, owns and operates a 17 unit apartment complex providing housing to families with low household income.

The Organizaton which was founded by 12 area congregations was established to address the hunger and homeless needs in the Wilshire Center Area of Los Angeles, CA. Hope-Net continues that mission today.

Program Services

DescriptionGrantsExpenses
The Organization operates 13 Food Pantries in Mid-Wilshire Area offering emergency food as available to homeless people.--
The Organization received a $700,200 loan from City of Los Angeles for the development of 17-unit apartment building in the City of Los Angeles. This loan was then transferred to Hope-West Apartment, a limited partnership that provides housing to very low income families. Hope-Net is the general partner and recognizes 'Pass Thru' income and expense on this loan at annual interest rate of 6.0%.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robert BarnesMember-$0--
Tom PattersonPresident-$0--
Walter EnglerTreasurer-$0--
Sandra RogersSecretary-$0--
Bill GaddyMember-$0--
Floydette GibsonMember-$0--
Steven TatorVice President-$0--
Patricia GordonMember-$0--
Brian MilderMember-$0--
Laurie BrownMember-$0--
Hilary DubinMember-$0--
Jose NarciscoMember-$0--
Andrew NiemanVice President-$0--
Patrick MacKellanMember-$0--
Douglas FerraroExecutive DirectorFT$0--
Filing and Contact Details

Filer

Filer Name
Hope-net
EIN
95-4192021
Phone
2133899949
Address
760 S WESTMORELAND AVENUE, LOS ANGELES, CA 90005

Signing Officer

Name
Douglas G Ferraro
Title
Executive Director
Signed
2016-05-04
Discuss with paid preparer
Yes

Preparer

Firm
Forman Richter RubinAcct Corp
Address
858 South Oak Park Road Suite 200, Covina, CA 91724-3674
Preparer
Aneela DeWinter CPA
Phone
6269157666
Supplemental Narrative

Additional Explanations

Other Assets.1005

“Accounts Receivable - Beginning $55800 Accounts Receivable - Ending $0”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $3099 Prepaid Expenses and Deferred Charges - Ending $0”

Other Assets.1

“Deposit - Beginning $263 Deposit - Ending $0”

Other Assets.2

“Interest Receivable - Beginning $866222 Interest Receivable - Ending $0”

Other Assets.3

“Investment in limited partnership - Beginning $9158 Investment in limited partnership - Ending $0”

Other Assets.4

“Loan to Limited Partner - Beginning $700200 Loan to Limited Partner - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $8565 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1007

“Secured Mortgages and Notes Payable - Beginning $700200 Secured Mortgages and Notes Payable - Ending $0”

Total Liabilities.1

“Interest Payable - Beginning $866222 Interest Payable - Ending $0”

Raw XML Appendix210 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Robert Barnes
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Sandra Rogers
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Member
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt13Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt14Executive Director
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OtherAssetsTotalDetail/BOYAmt01634742
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0The Organizaton which was founded by 12 area congregations was established to address the hunger and homeless needs in the Wilshire Center Area of Los Angeles, CA. Hope-Net continues that mission today.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Organization operates 13 Food Pantries in Mid-Wilshire Area offering emergency food as available to homeless people.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1The Organization received a $700,200 loan from City of Los Angeles for the development of 17-unit apartment building in the City of Los Angeles. This loan was then transferred to Hope-West Apartment, a limited partnership that provides housing to very low income families. Hope-Net is the general partner and recognizes 'Pass Thru' income and expense on this loan at annual interest rate of 6.0%.
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IRS990EZ/TotalRevenueAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0733254
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt060999
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounts Receivable - Beginning $55800 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prepaid Expenses and Deferred Charges - Beginning $3099 Prepaid Expenses and Deferred Charges - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Deposit - Beginning $263 Deposit - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Interest Receivable - Beginning $866222 Interest Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Investment in limited partnership - Beginning $9158 Investment in limited partnership - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Loan to Limited Partner - Beginning $700200 Loan to Limited Partner - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $8565 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Secured Mortgages and Notes Payable - Beginning $700200 Secured Mortgages and Notes Payable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Interest Payable - Beginning $866222 Interest Payable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Assets.1011
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Assets.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Assets.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Assets.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1007
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.1
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Douglas G Ferraro
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOPE-NET
ReturnHeader/Filer/BusinessNameControlTxt0HOPE
ReturnHeader/Filer/EIN0954192021
ReturnHeader/Filer/PhoneNum02133899949
ReturnHeader/Filer/USAddress/AddressLine1Txt0760 S WESTMORELAND AVENUE
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090005
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forman Richter RubinAcct Corp
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0858 South Oak Park Road Suite 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Covina
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0917243674
ReturnHeader/PreparerPersonGrp/PhoneNum06269157666
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Aneela DeWinter CPA
ReturnHeader/ReturnTs02016-05-04T11:03:47-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,340
Liabilities
-
Net assets
$0
Revenue
$0
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$3.80$2.00$0.44$0.49$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.80$3.74$1.95$0.47$0.52$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.78$3.68$1.90$0.32$0.50$0.18
2021Detailed filing. Detailed filing data is available for this year.$1.93$3.64$1.71$0.39$0.49$0.10
2020Detailed filing. Detailed filing data is available for this year.$1.97$3.58$1.61$0.43$0.59$0.16
2019Detailed filing. Detailed filing data is available for this year.$2.07$3.52$1.45$0.42$0.55$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.19$1.72$0.47$0.15$0.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.20$1.68$0.52$0.17$0.23$0.06
2016Detailed filing. Detailed filing data is available for this year.$2.24$1.66$0.58$0.17$0.23$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.26$1.61$0.64$0.21$0.25$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.26$1.57$0.68$0.24$0.27$0.02
2013Summary only. Only limited summary data is available for this year.$2.25$1.54$0.71$0.26$0.26$0.00
2012Summary only. Only limited summary data is available for this year.$2.20$1.49$0.70$0.33$0.29$0.03
2011Summary only. Only limited summary data is available for this year.$2.12$1.45$0.67$0.32$0.32$0.01
2010Summary only. Only limited summary data is available for this year.$2.09$1.42$0.67$0.36$0.33$0.03