Precious Hearts Sisterhood Inc

EIN: 812391633 501(c)(3) Human Services

Brooklyn, NY

Total Revenue
$518,825
Total Expenses
$360,905
Total Assets
$16,845
Net Assets
$16,845
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Phone
9174459743
Tax Period
2023-01-01 to 2023-12-31

Precious Hearts Sisterhood Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $519K in total revenue in fiscal year 2023. The organization ran a surplus of $158K, a strong 30% operating margin.

Mission

Precious Hearts Sisterhood, mission is to empower individuals through education and compassionate care. Originally focused on conducting educational programs for young women, we strive to teach essential job and life skills that enable them to achieve a higher quality of life. Recognizing the broader need for support, we have expanded program to include initiative to adults with mental and physical disabilities the assistance and education necessary to enhance their quality of life. Our commitment is to foster a supportive and inclusive environment where all individuals can thrive and reach their full potential.

Program Service Accomplishments

Program 1
Expenses: $360,207 Revenue: $518,825

Expanded services for Adult daycare to multiple centers where adults with disabilities both mentally and physically can receive assistance and education

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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 $518,825
Investment Income $0
Other Revenue $0
TOTAL REVENUE $518,825

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,404
Program Expenses $360,207
Other Expenses $360,905
TOTAL EXPENSES $360,905

Year-over-Year Comparison

2023 2022 Change
Revenue $518,825 $510,513 +0.0%
Expenses $360,905 $341,700 +0.1%
Net Income $157,920 $168,813 -0.1%
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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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jhihad Griggs Secreatary 5
Officer
$0 $0 $0
Reather Harris Treasurer 5
Officer
$0 $0 $0
Earl Jones President 40
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
2023 $518,825 $360,905 $16,845 $157,920
2022 $510,513 $341,700 $359,031 $168,813
2021 $326,886 $142,809 $190,220 $184,077
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