ALLEN HEARTH INC

EIN: 562626182 501(c)(3) Housing & Shelter

CAYCE, SC

Total Revenue
$114,772
Total Expenses
$150,208
Total Assets
$937,827
Net Assets
$-560,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
SC
Principal Officer
AJOY JAY
Phone
8035361056
Tax Period
2023-07-01 to 2024-06-30

ALLEN HEARTH INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2023. Expenses of $150K exceeded revenue, resulting in a 31% operating deficit.

Mission

ALLEN HEARTH, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 14 UNIT PROJECT KNOWN AS ALLEN HEARTH APARTMENTS LOCATED IN ORANGEBURG, SOUTH CAROLINA, WHICH PROVIDES HOUISNG FOR LOW INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $68,341
Program Service Revenue $45,366
Investment Income $44
Other Revenue $1,021
TOTAL REVENUE $114,772

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,710
Fundraising Expenses $0
Program Expenses $135,547
Other Expenses $115,498
TOTAL EXPENSES $150,208

Year-over-Year Comparison

2023 2022 Change
Revenue $114,772 $119,256 0.0%
Expenses $150,208 $153,694 0.0%
Net Income $-35,436 $-34,438 +0.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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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
7
Independent Members
7
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM GILMORE MEMBER AT LA N/A
Director
$0 $0 $0
AJOY JAY EX.DIRECTOR N/A
Director
$0 $0 $0
ERICA JENNSEN CHAIR N/A
Officer Director
$0 $0 $0
DAVE PRUETT VICE CHAIR N/A
Officer Director
$0 $0 $0
BRIDGET HOLLIS STATEN MEMBER AT LA N/A
Director
$0 $0 $0
MIKE TAYLOR MEMBER AT LA N/A
Director
$0 $0 $0
MARY TORRO MEMBER AT LA N/A
Officer 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
2025 No data No data No data No data
2024 $114,772 $150,208 $937,827 $-35,436
2023 $119,256 $153,694 $985,946 $-34,438
2022 $99,654 $136,292 $1,006,419 $-36,638
2021 $97,074 $139,196 $1,037,243 $-42,122
2020 $93,851 $132,501 $1,073,856 $-38,650
2019 $98,597 $129,563 $1,113,523 $-30,966
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