HEARTS TO HOMES FURNISHINGS INC

EIN: 320542526 501(c)(3) Philanthropy & Grantmaking

YONKERS, NY

Total Revenue
$552,899
Total Expenses
$513,711
Total Assets
$335,480
Net Assets
$283,561
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
NY
Principal Officer
MARY THERESA MCCOMBE
Phone
9144007193
Tax Period
2023-09-01 to 2024-08-31

HEARTS TO HOMES FURNISHINGS INC, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $553K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $514K left a modest 7% surplus.

Mission

AT HEARTS TO HOMES, OUR CORE MISSION IS TO EMPOWER INDIVIDUALS AGING OUT OF FOSTER CARE BY TRANSFORMING EMPTY LIVING SPACES INTO A PLACE THEY CAN CALL HOME. WE PROVIDE ESSENTIAL FURNISHINGS AND A SENSE OF COMFORT TO THOSE IN NEED, ENSURING THAT YOUNG ADULTS WHO ARE TRANSITIONING OUT OF THE FOSTER CARE SYSTEM HAVE THE SUPPORT THEY DESERVE AS THEY EMBARK ON THEIR JOURNEY OF INDEPENDENCE. BY WORKING TO CREATE A MORE COMFORTABLE LIVING ENVIRONMENT WE CAN INCREASE THE STABILITY OF THOSE WHO AGE OUT OF THE SYSTEM WHILE ACTING AS A BARRIER TO HOMELESSNESS, INCARCERATION, AND MULTIGENERATIONAL FOSTER CARE INVOLVEMENT; ALL ISSUES THAT AFFECT THE AGING-OUT POPULATION. WE AIM TO MAKE A MEANINGFUL DIFFERENCE IN THE LIVES OF THOSE WE SERVE, ONE HOME AT A TIME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $544,238
Program Service Revenue $0
Investment Income $11,729
Other Revenue $-3,068
TOTAL REVENUE $552,899

Expense Breakdown

Grants Paid $418,507
Salaries & Benefits $36,491
Fundraising Expenses $32,534
Program Expenses $455,837
Other Expenses $58,713
TOTAL EXPENSES $513,711

Year-over-Year Comparison

2023 2022 Change
Revenue $552,899 $431,001 +0.3%
Expenses $513,711 $436,850 +0.2%
Net Income $39,188 $-5,849 -7.7%
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
19
Independent Members
19
Employees
1
Volunteers
25

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
5
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE GROGAN PRESIDENT 5.00
Officer Director
$0 $0 $0
MARY LEITNER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CATHERINE MURPHY TREASURER 5.00
Officer Director
$0 $0 $0
GLORIA DIOS SECRETARY 1.00
Officer Director
$0 $0 $0
GREG ARCARO BOARD MEMBER 1.00
Director
$0 $0 $0
ANNA BERARDI BOARD MEMBER 1.00
Director
$0 $0 $0
PATTY DAMON BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN KENNEDY BOARD MEMBER 1.00
Director
$0 $0 $0
AMEENA MAKHDOOMI BOARD MEMBER 1.00
Director
$0 $0 $0
MAURA LIPTACK MCMAHON BOARD MEMBER 1.00
Director
$0 $0 $0
ALISANDE HERIYANTO BOARD MEMBER 1.00
Director
$0 $0 $0
JAN JASON BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN NOONAN BOARD MEMBER 1.00
Director
$0 $0 $0
ALLISON REICH BOARD MEMBER 1.00
Director
$0 $0 $0
DANA SOLOMON BOARD MEMBER 1.00
Director
$0 $0 $0
DAN SUZUKI BOARD MEMBER 1.00
Director
$0 $0 $0
JEREMIAH PEREZ-TORRES BOARD MEMBER 1.00
Director
$0 $0 $0
CHRISTINA MURRAY TRIZANO BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN VEZZA BOARD MEMBER 1.00
Director
$0 $0 $0
MARY THERESA MCCOMBE EXECUTIVE DIRECTOR 40.00
Officer
$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 $552,899 $513,711 $335,480 $39,188
2023 $431,001 $436,850 $330,981 $-5,849
2022 $359,792 $286,800 $296,684 $72,992
2021 $323,348 $232,690 $217,759 $90,658
2020 $208,984 $205,887 $100,933 $3,097
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