Hearts of Empowerment Inc

EIN: 371901353 501(c)(3) Human Services

Arlington, VA

Total Revenue
$192,110
Total Expenses
$228,915
Total Assets
$66,701
Net Assets
$66,701
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
CORREY FACIANE
Phone
7035079813
Tax Period
2023-01-01 to 2023-12-31

Hearts of Empowerment Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $224K in total revenue in fiscal year 2022. The organization ran a surplus of $73K, a strong 32% operating margin.

Mission

We are committed to creating long-term, sustainable solutions for communities in need. We believe that providing equitable opportunities is key to breaking the cycle of inequity, with the hope that those we serve never need our services again. To achieve this goal, we work closely with local partners and community leaders to identify and address the root causes of need. Our projects are thoughtfully designed to empower individuals and communities to take control of their own futures, and to build the skills and resources they need to thrive. With your support, we can create real and lasting change in the lives of those we serve. Together, we can make the world a more just and equitable place, where everyone has the opportunity to reach their full potential. Join us in this mission and make a difference today.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $149,268
Program Service Revenue $42,842
Investment Income $0
Other Revenue $0
TOTAL REVENUE $192,110

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,858
Fundraising Expenses $4,260
Program Expenses $59,850
Other Expenses $190,057
TOTAL EXPENSES $228,915

Year-over-Year Comparison

2023 2022 Change
Revenue $192,110 $223,882 -0.1%
Expenses $228,915 $151,366 +0.5%
Net Income $-36,805 $72,516 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
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
3
$3,027
Total Directors
1
$33,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORREY FACIANE CEO 40.00
Director
$33,275 $0 $33,275
JHUNVAE KIM Director 40.00
Officer
$3,027 $0 $3,027
WILLIAM REYES CCO 40.00
Officer
$0 $0 $0
NIKHIL DATTA COO 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 No data No data No data No data
2023 $192,110 $228,915 $66,701 $-36,805
2022 $223,882 $151,366 $115,270 $72,516
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