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In Reply to: Update on Thomas Hack posted by Jim LaMattery on May 19, 2006 at 15:46:04:
What is reported on the Activated Ministries 990 forms reflects ONLY what Mr. Hack received from Activated. It is NOT a record of his entire income as reported to the IRS. You cannot in good faith assume that his Activated Ministries salary as reported on the 990 form is his sole source of income and equivalent to his total annual income and what is reported on his personal income tax return (which as you know is private and not available to the public).
Jim wrote: "The county records show that a mortgage was obtained by the Hacks for the purchase of the property in the amount of $826,500.00. I found this to be quite interesting as Mr. Hack shows an annual income insufficient to qualify for such a large mortgage. On his 2004 990's filed for Activated Ministries he shows a personal income received of $13,128.00. The income necessary to qualify for the loan on Calmin Drive would be in excess of $9,157.50 per month- nearly his entire reported income for the tax year 2004! "
