Hancock Hope House Inc
- Assets
- $992.2k
- Revenue
- $618.5k
- Investments
- $0.0
- Employees
- 19
- Location
- Greenfield, IN
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 35-1839053
Organization Overview
Hancock Hope House Inc is located in Greenfield, IN. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Hancock Hope House Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hancock Hope House 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 06/2022, Hancock Hope House Inc generated $618.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $494.7k during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HANCOCK HOPE HOUSE IS TO PROVIDE HOPE TO THE COMMUNITY WHILE STRENGTHENING INDIVIDUALS AND FAMILIES ON THEIR JOURNEY TO SELF SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER FOR UP TO 35 PEOPLE PER NIGHT IN HANCOCK, HENRY, RUSH, AND SHELBY COUNTIES. EACH ADULT IS ASSISTED IN BUDGETING AND LIFE SKILLS AS WELL AS DEVELPING AND IMPLEMENTING INDIVIDUALIZED PLANS FOR SELF SUFFICIENCY USING AREA AND PERSONAL RESOURCES.
WEARHOUSE THRIFT STORE: PRIMARILY RUN BY VOLUNTEERS. DONATED ITEMS ARE SORTED AND GIVEN FREE OF CHARGE TO SHELTER RESIDENTS AND TO PERSONS AND FAMILIES REFERRED BY LOCAL SOCIAL SERVICE AGENCIES. DONATED ITEMS ARE ALSO SOLD TO THE GENERAL PUBLIC WITH ALL PROCEEDS GOING TO SUPPORT THE ORGANIZATION'S MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mitch Gibson President | OfficerTrustee | 1 | $0 |
Laura Haffner Treasurer | OfficerTrustee | 1 | $0 |
Rena Swails Director | Trustee | 1 | $0 |
Nancy Davis Director | Trustee | 1 | $0 |
Chad Colston Director | Trustee | 1 | $0 |
Hart Summeier Director | 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 | $196,004 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $196,004 |
| Total Program Service Revenue | $0 |
| Investment income | $189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $39,898 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $382,387 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,478 |
| 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. | $66,313 |
| Compensation of current officers, directors, key employees. | $15,252 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,757 |
| Payroll taxes | $23,291 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,726 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,552 |
| Office expenses | $14,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,199 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,858 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,460 |
| Insurance | $14,219 |
| All other expenses | $2,907 |
| Total functional expenses | $494,651 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $561,175 |
| Savings and temporary cash investments | $103,540 |
| 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 | $892 |
| Net Land, buildings, and equipment | $326,593 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $992,200 |
| Accounts payable and accrued expenses | $26,879 |
| 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 | $26,879 |
| Net assets without donor restrictions | $965,321 |
| 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 | $992,200 |