FAITH-HOPE-LOVE-CHARITY INC

EIN: 650464807 501(c)(3) Human Services

PALM SPRINGS, FL

Total Revenue
$4,383,578
Total Expenses
$4,433,852
Total Assets
$1,346,077
Net Assets
$878,880
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
FL
Principal Officer
ROY FOSTER
Phone
5619650929
Tax Period
2023-10-01 to 2024-09-30

FAITH-HOPE-LOVE-CHARITY INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION PROVIDES THE FOLLOWING SERVICES FOR HOMELESS UNITED STATES VETERANS: (1) TRANSITIONAL HOUSING (2) ASSISTANCE WITH FOOD AND HOUSING, AS WELL AS, EMOTIONAL AND PSYCHOLOGICAL SUPPORT AND AFTERCARE SERVICES. (3) HALFWAY HOME FOR HOMELESS VETERANS RECENTLY RELEASED FROM THE WEST PALM BEACH MEDICAL CENTER. (4) SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF), PROVIDING A RANGE OF SUPPORTIVE SERVICES TO ELIGIBLE VETERAN FAMILIES THAT ARE DESIGNED TO PROMOTE HOUSING STABILITY AMOUNG VERY-LOW INCOME VETERAN FAMILIES WHO RESIDE IN OR ARE TRANSITIONING TO PERMANENT HOUSING, AS WELL AS VETERANS AT RISK OF HOMELESSNESS.

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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 $4,375,778
Program Service Revenue $7,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,383,578

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,445,847
Fundraising Expenses $0
Program Expenses $4,264,825
Other Expenses $2,988,005
TOTAL EXPENSES $4,433,852

Year-over-Year Comparison

2023 2022 Change
Revenue $4,383,578 $4,470,277 0.0%
Expenses $4,433,852 $4,385,504 +0.0%
Net Income $-50,274 $84,773 -1.6%
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
10
Independent Members
10
Employees
27
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
0
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY C TORRETTA PRESIDENT EM N/A
Director
$0 $0 $0
HENRY QUINN JOHNSON PRESIDENT N/A
Director
$0 $0 $0
BRUCE M CIARLARIELLO VICE PRESIDE N/A
Director
$0 $0 $0
MARCIA GOODWIN SECRETARY N/A
Director
$0 $0 $0
KEVIN CROCKETT DIRECTOR N/A
Director
$0 $0 $0
MICHAEL GARCIA DIRECTOR N/A
Director
$0 $0 $0
KATHY GARDELL DIRECTOR N/A
Director
$0 $0 $0
JACQUELYNN M JERNIGAN DIRECTOR N/A
Director
$0 $0 $0
MAXWELL NELSON DIRECTOR N/A
Director
$0 $0 $0
SYLVIA MEADE DIRECTOR N/A
Director
$0 $0 $0
ROY FOSTER EXECUTIVE DI N/A
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 $4,383,578 $4,433,852 $1,346,077 $-50,274
2024 $4,383,578 $4,433,852 $1,346,077 $-50,274
2023 $4,470,277 $4,385,504 $1,477,353 $84,773
2023 $4,447,013 $4,448,974 $1,140,501 $-1,961
2022 $3,495,811 $3,476,755 $1,075,288 $19,056
2021 $3,785,093 $3,654,245 $1,109,399 $130,848
2020 $2,686,525 $2,689,742 $1,018,299 $-3,217
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