SACRED HEART HOUSING INC

EIN: 510384441 501(c)(3) Housing & Shelter

WILMINGTON, DE

Total Revenue
$12,095
Total Expenses
$24,703
Total Assets
$2,079,560
Net Assets
$1,973,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
DE
Principal Officer
KAREN BIFFERATO ESQ
Phone
3026525523
Tax Period
2023-01-01 to 2023-12-31

SACRED HEART HOUSING INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $12K in total revenue in fiscal year 2023. Revenue surged 208% from the prior year, signaling strong growth momentum. Expenses of $25K exceeded revenue, resulting in a 104% operating deficit.

Mission

THE MISSION OF THIS ORGANIZATION IS TO PROVIDE DECENT, AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PERSONS WITHOUT DISCRIMINATION, CREATE AND FOSTER AN INTERGENERATIONAL COMMUNITY AND PRESERVE THE HISTORIC INTEGRITY OF THE EXISTING BUILDINGS.

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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 $0
Program Service Revenue $0
Investment Income $12,095
Other Revenue $0
TOTAL REVENUE $12,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,609
Other Expenses $24,703
TOTAL EXPENSES $24,703

Year-over-Year Comparison

2023 2022 Change
Revenue $12,095 $3,930 +2.1%
Expenses $24,703 $56,815 -0.6%
Net Income $-12,608 $-52,885 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
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
5
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD GESSNER JR MEMBER 0.50
Director
$0 $0 $0
DAVID WILK CRE MAI MEMBER 0.50
Director
$0 $0 $0
BURNEY MILLER MEMBER 0.50
Director
$0 $0 $0
HON MICHELLE H HARLEE MEMBER 0.50
Director
$0 $0 $0
RICHARD FORSTEN ESQ MEMBER 0.50
Director
$0 $0 $0
HON ERNEST CONGO MEMBER 0.50
Director
$0 $0 $0
RICHARD GIACCO MEMBER 0.50
Director
$0 $0 $0
KAREN BIFFERATO ESQ PRESIDENT 0.50
Officer Director
$0 $0 $0
HON MARIA CABRERA VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DEBORAH KRAAK SECRETARY 0.50
Officer Director
$0 $0 $0
DAVID ROSS TREASURER 0.50
Officer Director
$0 $0 $0
BROTHER RONALD GIANNONE EXECUTIVE DIRECTOR 10.00
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 $12,095 $24,703 $2,079,560 $-12,608
2022 $3,930 $56,815 $2,090,658 $-52,885
2021 $1,000,335 $94,464 $2,148,444 $905,871
2020 $300,154 $92,395 $1,198,598 $207,759
2019 $38,094 $53,611 $974,742 $-15,517
2018 $322,000 $4,013 $1,171,942 $317,987
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