Hoc Realty Inc
Nonprofit profile at a glance
- EIN
- 472570391
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-EZ 2021
- Location
- New Haven, CT, USA
- Phone
- 2037776925
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $42,925
- Expenses
- $25,755
- Assets
- $8,524
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- LESLIE RADCLIFFE (PRESIDENT)
People named in this filing
- GLENN DAVIS (BOARD MEMBER)
- CAROL HELLER (VICE PRESIDE)
- SARAH MCQUEEN (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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,
What it reported doing in 2025
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.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 90
- Accountability: 94
- Sustainability: 58
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 60%; rating input score 60
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 40%; rating input score 82; 82nd percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: -28.7% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: 2.5% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: 5.5% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 60% of revenue deployed · 100% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $26K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- Review — Sustainability: Officer compensation ratio scored 58/100.