HEAVENLY GRACE MINISTRIES INC

EIN: 270573105 501(c)(3) Religion

JAMAICA, NY

Total Revenue
$113,062
Total Expenses
$91,460
Total Assets
$21,602
Net Assets
$21,602
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer
LISA SINGH
Phone
6462579888
Tax Period
2024-01-01 to 2024-12-31

HEAVENLY GRACE MINISTRIES INC is a small nonprofit in the Religion sector that reported $113K in total revenue in fiscal year 2024. The organization ran a surplus of $22K, a strong 19% operating margin.

Mission

TO TEACH,COUNSEL AND SUPPORT INDIVDUALS IN THEIR SPRITURAL GROWTH SO THEY CAN IN TURN BE A POSTIVE CONTRIBUTING MEMBER TO SOCIETY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $113,062
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $113,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,000
Fundraising Expenses $0
Program Expenses $91,460
Other Expenses $58,460
TOTAL EXPENSES $91,460

Year-over-Year Comparison

2024 2023 Change
Revenue $113,062 $113,057 +0.0%
Expenses $91,460 $129,231 -0.3%
Net Income $21,602 $-16,174 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
3
Independent Members
N/A
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
3
$33,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA SINGH PRESIDENT 40
Director
$33,000 $0 $33,000
ABIGALL SINGH SECRETARY 5
Director
$0 $0 $0
RUSSEL SAROOP TREASURER 5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $113,062 $91,460 $21,602 $21,602
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