Hammer & Nails Inc
- Assets
- $287.8k
- Revenue
- $306.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Canton, OH
- Founding
- 06/2004
- Data as of
- 12/2021
- EIN
- 34-1919568
Organization Overview
Hammer & Nails Inc is located in Canton, OH. The organization was established in 2004. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hammer & Nails Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hammer & Nails Inc 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 12/2021, Hammer & Nails Inc generated $306.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $222.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR DISADVANTAGED AREA HOMEBUYERS THROUGH HOME AND PROPERTY IMPROVEMENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR DISADVANTAGED AREA HOMEOWNERS THROUGH HOME AND PROPERTY IMPROVEMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raymond Fete Executive Director | Officer | 40 | $16,250 |
Jim Humble President | OfficerTrustee | 2 | $0 |
Karen Moser Vice President | OfficerTrustee | 1 | $0 |
Ron Stayer Treasurer | Officer | 1 | $0 |
Craig Ott Board Member | Trustee | 1 | $0 |
Scott Calhoun Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $290,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,151 |
| Total Program Service Revenue | $0 |
| 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 | $15,933 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation of current officers, directors, key employees. | $1,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,426 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,027 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $7,725 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $515 |
| Office expenses | $1,667 |
| Information technology | $2,804 |
| Royalties | $0 |
| Occupancy | $16,590 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,036 |
| Insurance | $8,230 |
| All other expenses | $0 |
| Total functional expenses | $222,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $153,360 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $287,795 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $287,795 |
| Total liabilities and net assets/fund balances | $287,795 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hammer & Nails Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $12,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
People Working Cooperatively Inc Cincinnati, OH | $8,365,996 | $9,385,088 |
Midland Area Homes Inc Midland, MI | $1,332,023 | $3,716,670 |
East Akron Neighborhood Development Corporation Akron, OH | $35,988,464 | $4,723,818 |
Home Repair Services Of Kent County Inc Grand Rapids, MI | $2,849,278 | $3,292,251 |
Rebuilding Together Philadelphia Philadelphia, PA | $1,909,589 | $2,697,411 |
Home Improvement Research Institute Indianapolis, IN | $972,708 | $1,192,557 |
Northwest Pennsylvania Weatherization Inc Meadville, PA | $440,849 | $827,625 |
Near East Area Renewal Inc Indianapolis, IN | $5,123,565 | $993,916 |
Centennial Falcon Properties Inc Bowling Green, OH | $14,113,437 | $0 |
Interfaith Home Maintenance Service Inc Youngstown, OH | $0 | $522,403 |
Morrow County Services For Older Citizens Inc Mt Gilead, OH | $930,239 | $683,244 |
Mountain Outreach Program Inc Williamsburg, KY | $1,168,702 | $1,057,977 |