Civic Intelligence

Hope-Net

990 • Fiscal year 2015 • EIN 95-4192021

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 05, 2016

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

(213) 389-9949

Siviq Scores

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

Liabilities / Assets

85th percentile

0.71x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

7.71x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

52nd percentile

$67,500

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 32.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

46th percentile

-0.2%

Faster asset growth than 46% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

18th percentile

-14%

Faster revenue growth than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$2,255,313

Down $4,396 (-0.2%) from 2014

Net Assets

Down

$642,957

Down $41,765 (-6.1%) from 2014

Liabilities

Up

$1,612,356

Up $37,369 (+2.4%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin14th percentile

Revenue

Down

$209,094

Down $34,858 (-14%) from 2014

Expenses

Down

$250,859

Down $15,742 (-5.9%) from 2014

Net Income

Down

-$41,765

Down $19,116 (-84%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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: $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$2,255,313
Liabilities$1,612,356
Net Assets$642,957
Open 2015 Filing

Operations Trend

Revenue Growth18th percentile

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: $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$209,094
Expenses$250,859
Net Income-$41,765
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 5, 2016
Return Version
2015v2.0
Gross Receipts
$215,731
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$621,627$594,758▼ $26,869
Accounts Receivable$55,800$38,061▼ $17,739
Prepaid Expenses and Deferred Charges$3,099$3,263▲ $164
Land, Buildings, and Equipment, Net$3,340$1,639▼ $1,701
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,259,709$2,255,313▼ $4,396
Other Assets Total$1,575,843$1,617,592▲ $41,749
Liabilities
Other Liabilities$866,222$908,234▲ $42,012
Mortgage Notes Payable Secured by Investment Property$700,200$700,200→ $0
Accounts Payable and Accrued Expenses$8,565$3,922▼ $4,643
Total Liabilities$1,574,987$1,612,356▲ $37,369
Net Assets / Fund Balance
Unrestricted Net Assets$684,722$642,957▼ $41,765
Total Net Assets Fund Balance$684,722$642,957▼ $41,765
Total Liabilities and Net Assets / Fund Balance$2,259,709$2,255,313▼ $4,396

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,639$18,586-
Other Assets Org$700,200--
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Douglas FerraroExecutive DirectorFT$67,500$67,500

Board Members and Trustees

NameTitle
Tom PattersonPresident
Andrew NiemanVice President
Steven TatorVice President
Bill GaddyMember
Brian MilderMember
Floydette GibsonMember
Hilary DubinMember
Jose NarciscoMember
Laurie BrownMember
Patricia GordonMember
Patrick MacKellanMember
Robert BarnesMember
Sandra RogersSecretary
Walter EnglerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$109,358
Program Service Revenue
$42,012
Investment Income
$3,318
Other Revenue
$54,406
All Other Contributions
$45,197
Change in Net Assets
$-41,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,358
Salaries, Compensation, and Employee Benefits$79,501
Total Fundraising Expense$8,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$54,000$6,750$6,750$67,500
Interest$42,012--$42,012
Other Employee Benefits$5,496$687$687$6,870
Occupancy-$6,480-$6,480
Other Expenses$2,347$5,395-$5,395
All Other Expenses-$4,595$551$5,146
Payroll Taxes$4,105$513$513$5,131
Fees for Services Other$2,375$2,375-$4,750
Fees for Services Accounting$2,013$2,012-$4,025
Depreciation Depletion$1,511$190-$1,701
Travel$278$70-$348
Fees for Services Legal-$80-$80
Total Functional Expenses$206,874$35,484$8,501$250,859
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$54,200
Fundraising Direct Expenses$6,637
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Taste of Larchmont$54,200$54,200$6,637$47,563
Total Events$54,200$54,200$6,637$47,563
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$908,234
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The Executive Director reviews and approves Form 990. All Board Members are notified that the return is available to them for review prior to the final submission.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Any board or staff member who is involved in the decision making process of the Organization should inform the members who are incharge of governance of any conflict of interest as soon as such information is available. Those members with conflict should not participate in discussions or vote on matters affecting such transactions.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“The Executive Committee meets annually to determine compensation of the Executive Director (sole employee).”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The Organization is the custodian of governing documents and financial records and upon request can make them available to the public.As noted in Section B / Question 12(a) the Organization retain written conflict of interest policy and can make it available for public inspection.”

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
2016-10-05
Discuss with paid preparer
Yes

Organization Details

Formed
1993
Legal Domicile
CA
Voting Board Members
14
Independent Board Members
0
Employees
1

Preparer

Firm
Forman Richter RubinAcct Corp
Address
858 South Oak Park Road Suite 200, Covina, CA 91724-3674
Preparer
Aneela DeWinter CPA
Phone
6269157666
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IRS990/Form990PartVIISectionAGrp/TitleTxt11Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt12Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt14Executive Director
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IRS990/LegalDomicileStateCd0CA
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IRS990/LoanOutstandingInd0false
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IRS990/MembersOrStockholdersInd0false
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IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The 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.
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IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt047563
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
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IRS990/OtherAssetsTotalGrp/EOYAmt01617592
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0687
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0687
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05496
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06870
IRS990/OtherExpensesGrp/Desc0Food
IRS990/OtherExpensesGrp/Desc1Food Delivery Cost
IRS990/OtherExpensesGrp/Desc2Insurance
IRS990/OtherExpensesGrp/Desc3Office supplies
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06337
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15395
IRS990/OtherExpensesGrp/ProgramServicesAmt055998
IRS990/OtherExpensesGrp/ProgramServicesAmt136739
IRS990/OtherExpensesGrp/ProgramServicesAmt22347
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IRS990/OtherExpensesGrp/TotalAmt136739
IRS990/OtherExpensesGrp/TotalAmt28684
IRS990/OtherExpensesGrp/TotalAmt35395
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IRS990/OtherLiabilitiesGrp/EOYAmt0908234
IRS990/OtherRevenueMiscGrp/BusinessCd0624200
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt06843
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06843
IRS990/OtherRevenueTotalAmt06843
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0513
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0513
IRS990/PayrollTaxesGrp/ProgramServicesAmt04105
IRS990/PayrollTaxesGrp/TotalAmt05131
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03099
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03263
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0624200
IRS990/ProgramServiceRevenueGrp/Desc0PASS THRU INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042012
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt042012
IRS990/ProgSrvcAccomActy2Grp/Desc0The 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%.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt042012
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt042012
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0146974
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03605
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0189804
IRS990/PYOtherRevenueAmt051361
IRS990/PYProgramServiceRevenueAmt042012
IRS990/PYRevenuesLessExpensesAmt0-22649
IRS990/PYSalariesCompEmpBnftPaidAmt076797
IRS990/PYTotalExpensesAmt0266601
IRS990/PYTotalRevenueAmt0243952
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReconcilationRevenueExpnssAmt0-41765
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0170401
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt032602
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0109358
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0146974
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0159864
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0220367
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0206049
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0842612
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03605
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt06541
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06094
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt022950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt042012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt042012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt042012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt042012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt042012
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0210060
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt061043

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Filings

Displayed year

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

Open filing
Assets
$2,255,313
Liabilities
$1,612,356
Net assets
$642,957
Revenue
$209,094
Expenses
$250,859
Net income
-$41,765
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
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
Peer Organizations

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