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Nonprofiteer
← HOPE & MAIN

Form 990 for tax year 2023

Filed by HOPE & MAIN.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 17 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,858,043 changed to $1,863,573
Total expenses
$1,997,698 changed to $1,896,190
Contributions and grants received
$1,004,701 changed to $994,910
Program service revenue
$834,820 changed to $841,584
Other revenue
$18,522 changed to $27,079
Total assets, end of year
$2,877,570 changed to $2,518,207
Total liabilities, end of year
$3,660,089 changed to $3,074,038
Net assets or fund balances, end of year
-$782,519 changed to -$555,831
Program services expenses
$1,642,751 changed to $1,568,002
Management and general expenses
$291,115 changed to $280,132
Fundraising expenses
$63,832 changed to $48,056
Program service expenses (Part III)
$1,642,751 changed to $1,568,002

Totals

Total revenue
$1,858,043
Total expenses
$1,997,698
Contributions and grants received
$1,004,701
Grants paid
$0
Program service revenue
$834,820
Investment income
$0
Other revenue
$18,522
Total assets, end of year
$2,877,570
Total liabilities, end of year
$3,660,089
Net assets or fund balances, end of year
-$782,519
Program services expenses (Part IX)
$1,642,751
Management and general expenses
$291,115
Fundraising expenses
$63,832
Program service expenses (Part III)
$1,642,751

Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,004,701

  • 2a · Program service revenue: MEMBERSHIP INCOME

    total $834,820 · related or exempt $834,820

  • 8a · Fundraising events: gross income

    $60,883

  • 8b · Fundraising events: direct expenses

    $42,361

  • 8c · Net income from fundraising events

    total $18,522

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $853,539 · program services $725,508 · management and general $85,354 · fundraising $42,677

  • 9 · Other employee benefits

    total $63,997 · program services $54,397 · management and general $6,400 · fundraising $3,200

  • 10 · Payroll taxes

    total $82,128 · program services $69,809 · management and general $8,213 · fundraising $4,106

  • 11b · Fees: legal

    total $1,775 · management and general $1,775

  • 11c · Fees: accounting

    total $54,900 · management and general $54,900

  • 11g · Fees: other

    total $149,387 · program services $53,600 · management and general $82,387 · fundraising $13,400

  • 12 · Advertising and promotion

    total $33,122 · program services $33,122

  • 13 · Office expenses

    total $32,918 · management and general $32,918

  • 16 · Occupancy

    total $80,380 · program services $72,342 · management and general $8,038

  • 17 · Travel

    total $16,649 · program services $16,649

  • 20 · Interest

    total $102,639 · program services $102,639

  • 22 · Depreciation, depletion and amortization

    total $72,152 · program services $68,544 · management and general $3,608

  • 23 · Insurance

    total $33,895 · program services $28,811 · management and general $5,084

  • 24a · Other expenses: PROGRAM EXPENSE

    total $235,118 · program services $235,118

  • 24b · Other expenses: KITCHEN EXPENSE

    total $53,811 · program services $53,811

  • 24c · Other expenses: REPAIRS

    total $51,601 · program services $51,601

  • 24d · Other expenses: TECHNOLOGY

    total $33,914 · program services $33,465 · fundraising $449

  • 24e · All other expenses

    total $45,773 · program services $43,335 · management and general $2,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $188,621 · end of year $194,471

  • 4 · Accounts receivable

    beginning of year $182,564 · end of year $301,622

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,661 · end of year $2,188

  • 10a · Land, buildings and equipment: cost or other basis

    $3,133,102

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,126,285

  • 10c · Land, buildings and equipment, net

    beginning of year $2,078,969 · end of year $2,006,817

  • 15 · Other assets

    beginning of year $24,680 · end of year $372,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $53,547 · end of year $168,086

  • 19 · Deferred revenue

    end of year $5,801

  • 23 · Secured mortgages and notes payable

    beginning of year $2,896,049 · end of year $2,837,123

  • 25 · Other liabilities

    beginning of year $281,963 · end of year $649,079

  • 27 · Net assets without donor restrictions

    beginning of year -$1,137,484 · end of year -$1,138,563

  • 28 · Net assets with donor restrictions

    beginning of year $386,420 · end of year $356,044

Mission and programs · 2023

Mission

TO HELP LOCAL ENTREPRENEURS JUMP-START EARLY-STAGE FOOD COMPANIES AND FOOD RELATED BUSINESSES BY PROVIDING LOW COST, LOW RISK ACCESS TO SHARED-USE COMMERCIAL KITCHENS AND OTHER INDUSTRY-SPECIFIC TECHNICAL RESOURCES.

  • TO HELP LOCAL ENTREPRENEURS JUMP-START EARLY-STAGE FOOD COMPANIES AND FOOD RELATED BUSINESSES BY PROVIDING LOW COST, LOW RISK ACCESS TO SHARED-USE COMMERCIAL KITCHENS AND OTHER INDUSTRY-SPECIFIC TECHNICAL RESOURCES.

    Expenses $1,642,751

As filed on the 2023 return.

Listed in Part VII

  • Kyle Adamonis

    SHRM-CP PHR

    Total calculated
    $0
    Hours/week
    2

  • Lanre Ajakaiye

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ken Banalewicsz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Bergeron

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • William Bigelow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tino Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosamond Lu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Goldberg Esq M

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maureen Maloney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Raiola

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Inna Walker

    TREASURER

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349317868

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