150 Hooper INC: FY2022 Nonprofit Profile & Form 990 (EIN 82-3791092)

Revenue by fiscal year
FY2020	$1.6M
FY2021	$1.8M
FY2022	$836K
FY2023	$1.9M
FY2024	$1.8M

Expenses by fiscal year
FY2020	$2.1M
FY2021	$2.0M
FY2022	$2.1M
FY2023	$2.3M
FY2024	$2.3M

Net assets by fiscal year
FY2020	$13.3M
FY2021	$13.1M
FY2022	$11.9M
FY2023	$11.5M
FY2024	$10.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2018.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $2.1M Management & general 3% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Jon Knorpp

Board President

$0Pt VII · Sec A

Ross Portugeis

Board Member

$0Pt VII · Sec A

James Sue

Board Member

$0Pt VII · Sec A

Corinne Ingrassia

Board Secretary

$0Pt VII · Sec A

Brett Hazlett

Boart Treasurer

$0Pt VII · Sec A

Janet Lees

Former Acting CEO

$0Pt VII · Sec A

Linda Becker

CEO

$0Pt VII · Sec A

See 150 Hooper INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Builds affordable manufacturing spaces to create and keep urban jobs.

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Provided by the organization

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1 program · $2.1M · in their own filed words · FY2022

01

Real Estate Development and Management

150 hooper, inc. Provides property management services for a 54,000 SF industrial building in the heart of san francisco to provide critically needed affordable manufacturing space at a time when the sector is feeling the rising cost of the real estate market.

$2.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2021

PlacemadeFY2021$35K

Total grants receivedfrom 1 funder$35K

Grants paid · 1 grant · $34K · 2021–2021

PlacemadeCA · FY2021$34,000

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$836K

Ln 12

Fees for servicesLn 2g$778K

Other incomeLn 4–11$58K

Money outPt IX

$2.1M

Ln 25

Programscol B$2.1M

Managementcol C$56K

Owns and owesPt X

$11.9M

net assets · Ln 32

Cash and savingsLn 1–2$861K

Total assetsLn 16$35.9M

LiabilitiesLn 26$24.1M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$778K

Other incomeLn 4–11$58K

Total revenueLn 12$836K

Assets in detailPt X, end of year

CashLn 1$861K

Cash and savings togetherLn 1–2$861K

Land, buildings, equipmentLn 10c$34.9M

Total assetsLn 16$35.9M

LiabilitiesLn 26$24.1M

Net assetsLn 32$11.9M

OperationsPt I, VI

EmployeesI 51

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$688K	$861K
Land, buildings, equipmentLn 10c	$35.4M	$34.9M
Total assetsLn 16	$37.3M	$35.9M
LiabilitiesLn 26	$24.1M	$24.1M
Net assetsLn 32	$13.1M	$11.9M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$50K	$50K
Other employee benefitsLn 9	$1K	$1K
Payroll taxesLn 10	$5K	$5K
Legal feesLn 11b	$44K	$44K
Accounting feesLn 11c	$12K		$12K
Office expensesLn 13	$395	$385	$10
Information technologyLn 14	$3K	$3K
InterestLn 20	$567K	$567K
Depreciation, depletion and amortizationLn 22	$484K	$484K
InsuranceLn 23	$32K	$32K
Other expenses (24a–d)Ln 24	$912K	$867K	$45K
All other expensesLn 24e	$4K	$4K
Total functional expensesLn 25	$2.1M	$2.1M	$56K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$1.8M	$2.3M	−$546K	$10.9M	990 PDF
FY2023	$1.9M	$2.3M	−$377K	$11.5M	990 PDF
FY2022 Viewing	$836K	$2.1M	−$1.3M	$11.9M	990 PDF
FY2021	$1.8M	$2.0M	−$185K	$13.1M	990 PDF
FY2020	$1.6M	$2.1M	−$548K	$13.3M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2022 990 (6 parts)

Part I · Summary $835,798 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $60,000$0

I-9 Program service revenuePrior year $1,257,374$777,530

I-10 Investment incomePrior year $448$0

I-11 Other revenuePrior year $499,865$58,268

I-12 Total revenuePrior year $1,817,687$835,798

I-13 Grants and similar amounts paidPrior year $35,000$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $17,174$55,897

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,950,198$2,057,091

I-18 Total expensesPrior year $2,002,372$2,112,988

I-19 Revenue less expensesPrior year −$184,685−$1,277,190

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $835,798 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $777,530$777,530

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $58,268$58,268

VIII-12 Total revenueRelated to mission $835,798 · Unrelated business $0 · Excluded from tax $0$835,798

Part IX · Statement of functional expenses $2,112,988 across 12 lines filed

IX-7 Other salaries and wagesPrograms $50,243$50,243

IX-9 Other employee benefitsPrograms $1,010$1,010

IX-10 Payroll taxesPrograms $4,644$4,644

IX-11b Legal feesPrograms $43,819$43,819

IX-11c Accounting feesManagement $11,500$11,500

IX-13 Office expensesPrograms $385 · Management $10$395

IX-14 Information technologyPrograms $3,219$3,219

IX-20 InterestPrograms $567,093$567,093

IX-22 Depreciation, depletion and amortizationPrograms $483,665$483,665

IX-23 InsurancePrograms $31,695$31,695

IX-24 Other expenses (24a–d)Programs $866,852 · Management $44,960$911,812

IX-24e All other expensesPrograms $3,893$3,893

IX-25 Total functional expensesPrograms $2,056,518 · Management $56,470 · Fundraising $0$2,112,988

Part X · Balance sheet $35,934,689 assets, 11 lines filed

X-1 Cash, non-interest-bearingStart of year $687,528$860,527

X-4 Accounts receivableStart of year $1,206,887$182,542

X-9 Prepaid expenses and deferred chargesStart of year $14,014$6,667

X-10c Land, buildings and equipment, netStart of year $35,368,617$34,884,953

X-16 Total assetsStart of year $37,277,046$35,934,689

X-17 Accounts payable and accrued expensesStart of year $46,089$64,832

X-25 Other liabilitiesStart of year $150,369$307,120

X-26 Total liabilitiesStart of year $24,135,119$24,069,952

X-27 Net assets without donor restrictionsStart of year $13,141,927$11,864,737

X-32 Total net assets or fund balancesStart of year $13,141,927$11,864,737

X-33 Total liabilities and net assetsStart of year $37,277,046$35,934,689

Part XI · Reconciliation of net assets $11,864,737 net assets at year end

XI-1 Total revenue$835,798

XI-2 Total expenses$2,112,988

XI-3 Revenue less expenses−$1,277,190

XI-4 Net assets at start of year$13,141,927

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$11,864,737

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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150 Hooper INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for 150 Hooper INC

Real Estate Development and Management

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV