BUFFALO, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTS FOR THE HOMELESS OF WNY INC, founded in 1993, is a small nonprofit in the Religion sector that reported $586K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $680K exceeded revenue, resulting in a 16% operating deficit.
THE ORGANIZATIONS PURPOSE IS TO PROVIDE PHYSICAL, EMOTIONAL, AND SPIRITUAL RELIEF TO THE HOMELESS,POOR AND DISTRESSED, AND TO SHARE THE GOSPEL OF JESUS CHRIST - SUPPORTED BY HEARTS FOUNDATION, INC.
THE ORGANIZATIONS ACTIVITIES CONSIST OF PROVIDING FOOD AND CLOTHING TO POOR, HOMELESS, AND DESTITUTE MEN, WOMEN, AND CHILDREN. THE FOOD AND CLOTHING ARE DONATED TO THE ORGANIZATION AND DISTRIBUTED BY...
THE ORGANIZATIONS ACTIVITIES CONSIST OF PROVIDING FOOD AND CLOTHING TO POOR, HOMELESS, AND DESTITUTE MEN, WOMEN, AND CHILDREN. THE FOOD AND CLOTHING ARE DONATED TO THE ORGANIZATION AND DISTRIBUTED BY VOLUNTEERS AT VARIOUS OUTDOOR OR PUBLIC LOCAL LOCATIONS.
DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION RECORDED $273,051 IN SUPPORT TO ITS RELATED ENTITY, HEARTS FOUNDATION, INC. THIS AMOUNT REPRESENTS A JOURNAL ENTRY TO REFLECT THE TRANSFER OF...
DURING THE YEAR ENDED DECEMBER 31, 2024, THE ORGANIZATION RECORDED $273,051 IN SUPPORT TO ITS RELATED ENTITY, HEARTS FOUNDATION, INC. THIS AMOUNT REPRESENTS A JOURNAL ENTRY TO REFLECT THE TRANSFER OF PROPERTY TO THE 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 | $586,038 | $417,613 | +0.4% |
| Expenses | $679,666 | $349,396 | +0.9% |
| Net Income | $-93,628 | $68,217 | -2.4% |
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
|
$0 | $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 | No data | No data | No data | No data |
| 2024 | $586,038 | $679,666 | $991,787 | $-93,628 |
| 2023 | $417,613 | $349,396 | $1,062,956 | $68,217 |
| 2022 | $614,497 | $539,770 | $1,040,779 | $74,727 |
| 2022 | $614,497 | $539,770 | $1,040,779 | $74,727 |
| 2021 | $732,497 | $454,175 | $1,132,870 | $278,322 |
| 2020 | $507,925 | $348,701 | $831,602 | $159,224 |
| 2019 | $638,479 | $567,779 | $566,753 | $70,700 |
| 2018 | $567,351 | $532,726 | $480,813 | $34,625 |
Compare HEARTS FOR THE HOMELESS OF WNY INC with other nonprofits in New York and across the country.