Storehouse Of Hope
- Assets
- $116.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 12/2011
- Data as of
- 12/2022
- EIN
- 30-0600126
Organization Overview
Storehouse Of Hope is located in Detroit, MI. The organization was established in 2011. According to its NTEE Classification (K31) the organization is classified as: Food Banks & Pantries, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Storehouse Of Hope 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 12/2022, Storehouse Of Hope generated $20.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $13.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THROUGHOUT THE YEAR WE ACCOMPLISHED THE DELIVERY OF 18 MOBILE PANTRIES OCCURRING TWICE A MONTH FROM MARCH TO NOVEMBER IN THE 48202 AND 48211 ZIP CODES. OUR PANTRIES PROVIDED FOOD AND SOME PERSONAL CARE PRODUCTS TO 3,000 INDIVIDUALS MONTHLY. WE CONTINUED TO BUILD ON THE WORK OF THE COMMUNITY LAND TRUST BY STABILIZING THE FAMILIES IN 10 OF THE COMMUNITY LAND TRUST PROPERTIES. THE FAMILIES ON THE CLT ARE WITH INCOMES OF 30 % AND LESS OF THE AMI FOR WAYNE COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reverend Joan Ross Board Chair | 14 | $0 | |
Norma Heath Board Vice Chair | 1 | $0 | |
Christian Linear Treassurer | 3 | $0 | |
Alton Williams Board Member | 3 | $0 | |
Latoya Morgan Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $20,434 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,434 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $12,640 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $636 |
| Other expenses | $0 |
| Total expenses | $13,276 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,459 |
| Other assets | $0 |
| Total assets | $116,217 |
| Total liabilities | $0 |
| Net assets or fund balances | $116,217 |