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Nonprofiteer
← HOC REALTY

Form 990 for tax year 2023

Filed by HOC REALTY.

Totals

Total revenue
$101,972
Total expenses
$131,628
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$101,972
Total assets, end of year
$62,017
Total liabilities, end of year
$5,231
Net assets or fund balances, end of year
$56,786
Program services expenses (Part IX)
$131,628
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$131,628

Program services were 100.0% 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.

  • 11a · Other revenue: COMMISSION INCOME

    total $101,972 · related or exempt $101,972

  • 11e · Other revenue, total

    $101,972

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $43,531 · program services $43,531

  • 9 · Other employee benefits

    total $6,037 · program services $6,037

  • 10 · Payroll taxes

    total $4,748 · program services $4,748

  • 11g · Fees: other

    total $4,711 · program services $4,711

  • 13 · Office expenses

    total $5,949 · program services $5,949

  • 16 · Occupancy

    total $584 · program services $584

  • 20 · Interest

    total $999 · program services $999

  • 23 · Insurance

    total $1,224 · program services $1,224

  • 24a · Other expenses: COMMISSION

    total $63,025 · program services $63,025

  • 24b · Other expenses: DEVEPOPMENT

    total $790 · program services $790

  • 24c · Other expenses: STAFF TRAINING

    total $30 · program services $30

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,508 · end of year $54,073

  • 2 · Savings and temporary cash investments

    end of year $6,944

  • 3 · Pledges and grants receivable

    end of year $1,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,066 · end of year $5,231

  • 27 · Net assets without donor restrictions

    beginning of year $86,442 · end of year $56,786

Mission and programs · 2023

Mission

TO BE A FULL-SERVICE, NONPROFIT REAL ESTATE COMPANY COMMITTED TO PROVIDING THE BEST CUSTOMER-CENTRIC SERVICE TO FIRST-TIME AND REPEAT HOMEBUYERS, SELLERS, LEASEES AND/OR LESSORS OF REAL ESTATE; IN PARTICULAR TO SERVE THOSE CUSTOMERS WHO ARE UNDERSERVED EITHER BECAUSE OF THEIR INCOME OR BECAUSE THEY WILL BE TRANSACTING BUSINESS IN UNDERSERVED MARKETS WITHIN THE STATE OF CONNECTICUT. TO MARSHAL THE CUSTOMER THROUGH THE ENTIRE HOME BUYING/SELLING/LEASING PROCESS AND TO PROVIDE A COMPLETE ONE STOP SHOPPING EXPERIENCE TO CUSTOMERS BY WORKING IN CONJUNCTION WITH OTHER NOT-FOR-PROFIT COMPANIES AND DRAWING UPON THE RELATED SERVICES OF HOMEBUYER EDUCATION, COUNSELING, LENDING AND DEVELOPMENT TO CREATE A SMARTER, MORE PREPARED, DEFAULT-RESISTANT CONSUMER IN THE HOMEOWNERSHIP PROCESS. REGARDLESS OF WHETHER THE CORPORATION IS REPRESENTING BUYERS OR SELLERS, OR IS FACILITATING LEASING TRANSACTIONS, THE CORPORATION SHALL BE COMMITTED TO PLACING PRINCIPLES OVER PROFITS BY MATCHING BUYERS AND SELLERS,

  • FULL-SERVICE, NONPROFIT REAL ESTATE COMPANY REGARDLESS OF WHETHER THE CORPORATION IS REPRESENTING BUYERS OR SELLERS, OR IS FACILITATING LEASING TRANSACTIONS, THE CORPORATION SHALL BE COMMITTED TO PLACING PRINCIPLES OVER PROFITS BY MATCHING BUYERS AND SELLERS, LEA SEES AND LEASSORS AND BY FOCUSING ON AFFORDABILITY, SUSTAINABILITY, AND COMMUNITY STABILIZATION TO PROMOTE AND DEVELOP STABLE, THRIVING NEIGHBORHOODS.

    Expenses $131,628

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Stephen Cremin-Endes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Heller

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Sarah McQueen

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • James A Paley PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    10 + 30 related

  • Leslie Radcliffe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Bridgette P Russell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Virginia Stevenson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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
20 September 2024
IRS schema version
2023v5.0
Source object
202442709349300234

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