Hancock Resource Center
- Assets
- $341.1k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 27
- Location
- Bay St Louis, MS
- Founding
- 04/2009
- Data as of
- 06/2024
- EIN
- 26-3648017
Organization Overview
Hancock Resource Center is located in Bay St Louis, MS. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 06/2024, Hancock Resource Center employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock Resource Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Hancock Resource Center generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 7.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE HANCOCK RESOURCE CENTER WORKS TO STABILIZE FAMILIES AND STRENGTHEN THE COMMUNITY. OUR MISSION IS ACCOMPLISHED BY ADDRESSING OBSTACLES AND BARRIERS TO HOUSING AND COORDINATING SERVICES FOR FAMILIES IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASE MANAGEMENT AND COUNSELING SERVICES: THE ORGANIZATION PROVIDES COUNSELING SERVICES AS PART OF MOST GRANT PROGRAMS; AND IN SOME CASES INDIVIDUALLY. SERVICES INCLUDE; HOME OWNERSHIP COUNSELING, HOMEBUYER EDUCATION, HOUSEHOLD MANAGMENT, HOMELESSNESS PREVENTION, FORECLOSURE COUNSELING, AND EMPLOYMENT COUNSELING AND COMMUNITY EDUCATION PROGRAMS. MOST INDIVIDUALS RECEIVING THESE SERVICES HAVE LOW TO MODERATE INCOME LEVELS.
OWNER OCCUPIED REHABILITATION: USING PREDETERMINED CRITERIA, HRC DETERMINES ELIGIBILITY OF INDIVIDUALS AND FAMILIES THAT NEED ASSISTANCE FOR LONG-TERM HOUSING STABILITY, SECURITY AND SAFETY. PROGRAMS INCLUDE HOME REHABILITATION AND WEATHERIZATION. SERVICES MAY BE IN THE FORM OF CASE MANAGMENT, CONSTRUCTION SCOPE DEFINITION AND ESTIMATION, CONSTRUCTION COORDINATION AND VOLUNTEER MANAGEMENT AND DIRECT ASSISTANCE, AND HOUSING ASSISTANCE.
COMMUNITY DEVELOPMENT: THE CENTER SEEKS TO IMPROVE THE MORALE OF THE COMMUNITY, INCREASE THE VALUE OF NEIGHBORHOODS AND PROIDE HEALTHIER ENVIRONMENTS FOR QUALITY LIVING. SPECIAL DEVELOPMENT SERVICES INCLUDE YOUTH LEADERSHIP, CHRISTMAS ASSISTANCE, AND VOLUNTEER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Mcdonald Chairperson | OfficerTrustee | 4 | $0 |
Mary Beth Benvenutti Vice-Chairpe | OfficerTrustee | 2 | $0 |
James Noel Grafe Treasurer | OfficerTrustee | 2 | $0 |
Jeremy Compretta Board Member | Trustee | 1 | $0 |
Tish Williams Board Member | Trustee | 1 | $0 |
Cheryl Thompson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,778,590 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,364 |
| Noncash contributions included in lines 1a–1f | $27,258 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,815,954 |
| Total Program Service Revenue | $12,283 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $24,223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,852,460 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $355,220 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $109,351 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $192,976 |
| Payroll taxes | $63,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,498 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,247 |
| Interest | $5,506 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,692 |
| Insurance | $9,378 |
| All other expenses | $0 |
| Total functional expenses | $1,859,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,669 |
| Savings and temporary cash investments | $38,663 |
| Pledges and grants receivable | $65,500 |
| Accounts receivable, net | $117,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,761 |
| Net Land, buildings, and equipment | $24,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,249 |
| Total assets | $341,109 |
| Accounts payable and accrued expenses | $14,605 |
| Grants payable | $0 |
| Deferred revenue | $32,393 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $159,929 |
| Unsecured mortgages and notes payable | $30,000 |
| Other liabilities | $68,186 |
| Total liabilities | $305,113 |
| Net assets without donor restrictions | $35,996 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $341,109 |