BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTS FOUNDATION INC, founded in 2003, is a community nonprofit in the Education sector that reported $3.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 13% surplus.
THE ORGANIZATION OPERATES HEARTS THRIFT STORES AND EXISTS SOLELY TO SUPPORT THE ACTIVITIES AND PURPOSES OF HEARTS FOR THE HOMELESS OF WESTERN NEW YORK INC., A 501C3 ORGANIZATION WHICH PROVIDES PHYSICAL, EMOTIONAL, AND SPIRITUAL RELIEF TO THE HOMELESS, POOR AND DISTRESSED AND
THE ORGANIZATION OPERATES A THRIFT SHOP, WHERE NET RESOURCES ARE USED TO SUPPORT THE ACTIVITIES AND PURPOSES OF HEARTS FOR THE HOMELESS OF WESTERN NEW YORK, INC., AN ORGANIZATION DESCRIBED IN IRC...
THE ORGANIZATION OPERATES A THRIFT SHOP, WHERE NET RESOURCES ARE USED TO SUPPORT THE ACTIVITIES AND PURPOSES OF HEARTS FOR THE HOMELESS OF WESTERN NEW YORK, INC., AN ORGANIZATION DESCRIBED IN IRC CODE SECTION 501(C)(3), WHICH PROVIDES PHYSICAL, EMOTIONAL, AND SPIRITUAL RELIEF TO THE HOMELESS, POOR, AND DISTRESSED.
DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION RECORDED $273,051 IN SUPPORT FROM ITS RELATED ENTITY, HEARTS FOR THE HOMELESS OF WESTERN NEW YORK, INC. THIS AMOUNT REPRESENTS A JOURNAL...
DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION RECORDED $273,051 IN SUPPORT FROM ITS RELATED ENTITY, HEARTS FOR THE HOMELESS OF WESTERN NEW YORK, INC. THIS AMOUNT REPRESENTS A JOURNAL ENTRY TO REFLECT THE TRANSFER OF PROPERTY TO HEARTS FOUNDATION, INC., RATHER THAN A CASH OR CHECK TRANSACTION. THE ENTRY WAS MADE TO PROPERLY RECORD THE CHANGE IN OWNERSHIP BETWEEN RELATED ENTITIES AND SHOULD NOT BE INTERPRETED AS A MONETARY CONTRIBUTION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,220,345 | $2,591,619 | +0.2% |
| Expenses | $2,794,302 | $2,511,099 | +0.1% |
| Net Income | $426,043 | $80,520 | +4.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NICHOLAS M CALANDRA | CEO AND PRESIDENT | 25.00 |
Officer
|
$163,000 | $0 | $163,000 |
| RICHARD R IZZO | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID J NORTON | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SUMMER HANDZLIK | MEMBER | 0.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH P HATCH III | MEMBER AND SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK DIMARIA | MEMBER AND TREASURER | 0.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,193,542 | $2,782,596 | $3,202,818 | $410,946 |
| 2024 | $3,220,345 | $2,794,302 | $4,381,447 | $426,043 |
| 2023 | $2,715,627 | $2,556,621 | $3,863,978 | $159,006 |
| 2022 | $2,365,947 | $2,200,819 | $1,717,509 | $165,128 |
| 2022 | $2,388,696 | $2,223,568 | $1,717,509 | $165,128 |
| 2021 | $2,227,720 | $1,824,736 | $1,567,515 | $402,984 |
| 2020 | $1,309,462 | $1,348,209 | $385,917 | $-38,747 |
| 2019 | $1,443,996 | $1,429,633 | $488,327 | $14,363 |
| 2018 | $1,228,460 | $1,137,708 | $397,199 | $90,752 |
Compare HEARTS FOUNDATION INC with other nonprofits in New York and across the country.