HERITAGE FOR THE BLIND INC

EIN: 582164446 501(c)(3) Religion

BROOKLYN, NY

Total Revenue
$396,073
Total Expenses
$951,771
Total Assets
$189,569
Net Assets
$-2,117,891
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
SHRAGE TOIV
Phone
7182535015
Tax Period
2024-01-01 to 2024-12-31

HERITAGE FOR THE BLIND INC, founded in 1995, is a small nonprofit in the Religion sector that reported $396K in total revenue in fiscal year 2024. Expenses of $952K exceeded revenue, resulting in a 140% operating deficit.

Mission

HEALTHY WORLD INITIATIVE, DEDICATED TO IMPROVING THE ENVIRONMENT AS WELL AS THE EYE HEALTH AND ECONOMIC WELL BEING OF THOSE IN NEED.

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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 $396,073
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $396,073

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,939
Fundraising Expenses $206,044
Program Expenses $572,322
Other Expenses $776,832
TOTAL EXPENSES $951,771

Year-over-Year Comparison

2024 2023 Change
Revenue $396,073 $403,877 0.0%
Expenses $951,771 $1,061,071 -0.1%
Net Income $-555,698 $-657,194 -0.2%
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
3
Employees
2
Volunteers
2

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
2
$118,300
Total Directors
1
$0
Key Employees
1
$118,300
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISRAEL BILUS PRESIDENT 1.00
Officer
$0 $0 $0
SHRAGE TOIV DIRECTOR 40.00
Officer Key Emp
$118,300 $0 $118,300
MENDY EHRMAN TREASURER 2.00
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 $396,073 $951,771 $189,569 $-555,698
2023 $403,877 $1,061,071 $253,498 $-657,194
2022 $681,149 $1,701,413 $290,623 $-1,020,264
2021 $2,541,602 $2,620,098 $346,080 $-78,496
2020 $2,807,569 $2,693,555 $474,312 $114,014
2019 $3,553,198 $3,610,864 $431,909 $-57,666
2018 $3,277,626 $3,201,490 $469,091 $76,136
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