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Nonprofiteer
← HOPE & MAIN

Form 990 for tax year 2022

Filed by HOPE & MAIN.

Totals

Total revenue
$1,653,386
Total expenses
$1,611,836
Contributions and grants received
$921,894
Grants paid
$0
Program service revenue
$704,225
Investment income
$0
Other revenue
$27,267
Total assets, end of year
$2,480,495
Total liabilities, end of year
$3,231,559
Net assets or fund balances, end of year
-$751,064
Program services expenses (Part IX)
$1,370,628
Management and general expenses
$196,017
Fundraising expenses
$45,191
Program service expenses (Part III)
$1,370,628

Program services were 85.0% 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.

  • 1f · All other contributions, gifts and grants

    $921,894

  • 2a · Program service revenue: MEMBERSHIP INCOME

    total $704,225 · related or exempt $704,225

  • 8a · Fundraising events: gross income

    $52,525

  • 8b · Fundraising events: direct expenses

    $25,258

  • 8c · Net income from fundraising events

    total $27,267

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $562,666 · program services $478,266 · management and general $56,267 · fundraising $28,133

  • 9 · Other employee benefits

    total $18,877 · program services $16,045 · management and general $1,888 · fundraising $944

  • 10 · Payroll taxes

    total $55,260 · program services $46,971 · management and general $5,526 · fundraising $2,763

  • 11c · Fees: accounting

    total $40,684 · management and general $40,684

  • 11g · Fees: other

    total $111,686 · program services $53,402 · management and general $44,933 · fundraising $13,351

  • 12 · Advertising and promotion

    total $40,849 · program services $40,849

  • 13 · Office expenses

    total $29,055 · management and general $29,055

  • 16 · Occupancy

    total $71,758 · program services $64,582 · management and general $7,176

  • 17 · Travel

    total $8,925 · program services $8,925

  • 20 · Interest

    total $106,539 · program services $106,539

  • 22 · Depreciation, depletion and amortization

    total $77,994 · program services $74,093 · management and general $3,901

  • 23 · Insurance

    total $25,071 · program services $21,301 · management and general $3,770

  • 24a · Other expenses: PROGRAM EXPENSE

    total $243,055 · program services $243,055

  • 24b · Other expenses: SCHOLARSHIPS

    total $58,092 · program services $58,092

  • 24c · Other expenses: REPAIRS

    total $56,183 · program services $56,183

  • 24d · Other expenses: KITCHEN EXPENSE

    total $55,799 · program services $55,799

  • 24e · All other expenses

    total $49,343 · program services $46,526 · management and general $2,817

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $337,618 · end of year $188,621

  • 4 · Accounts receivable

    beginning of year $37,499 · end of year $182,564

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,721 · end of year $5,661

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

    $3,133,102

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

    $1,054,133

  • 10c · Land, buildings and equipment, net

    beginning of year $2,146,772 · end of year $2,078,969

  • 15 · Other assets

    end of year $24,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,086 · end of year $53,547

  • 19 · Deferred revenue

    beginning of year $150

  • 23 · Secured mortgages and notes payable

    beginning of year $2,953,455 · end of year $2,896,049

  • 25 · Other liabilities

    beginning of year $327,533 · end of year $281,963

  • 27 · Net assets without donor restrictions

    beginning of year -$946,852 · end of year -$1,137,484

  • 28 · Net assets with donor restrictions

    beginning of year $154,238 · end of year $386,420

Mission and programs · 2022

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 $1,370,628

As filed on the 2022 return.

Listed in Part VII

  • Kyle Adamonis

    SHRM-CP PHR

    Total calculated
    $0
    Hours/week
    2
  • Melba Depena Affigne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lanre Ajakaiye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Almeida

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Ken Banalewicsz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Bergeron

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • William Bigelow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tino Chow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tony Fonseca

    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
  • Lori Pivarnik PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Lisa Raiola

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Inna Walker

    DIRECTOR

    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
2022
Filed
29 April 2024
IRS schema version
2022v5.0
Source object
202411379349301776

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