Quality of Life Inc

EIN: 813330208 501(c)(3)

Virginia Beach, VA

Total Revenue
$250,096
Total Expenses
$345,242
Total Assets
$76,360
Net Assets
$76,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
VA
Principal Officer
Deuene K Hickman III
Phone
7579982100
Tax Period
2024-01-01 to 2024-12-31

Quality of Life Inc, founded in 2016, is a small nonprofit that reported $250K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $345K exceeded revenue, resulting in a 38% operating deficit.

Mission

Our mission is to empower youth and their families by cultivating mental wellness, resilience, and empowerment across our communities. Through education, advocacy, and community engagement, we are dedicated to promoting holistic well-being, eradicating stigma, and expanding access to quality mental health services for all.

Program Service Accomplishments

Program 1
Expenses: $100,246 Revenue: $83,850

Quality of Life Inc's Mental Health program and initiative is an innovative mental health program specially crafted for today's youth, aimed at nurturing emotional resilience, fostering positive...

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Quality of Life Inc's Mental Health program and initiative is an innovative mental health program specially crafted for today's youth, aimed at nurturing emotional resilience, fostering positive coping mechanisms, and empowering individuals to place their mental health at the forefront. Through a holistic blend of educational workshops, therapeutic interventions, and community support initiatives, youth are equipped with the necessary tools and resources to navigate life's complexities with confidence and fortitude.

Program 2
Expenses: $133,336 Revenue: $133,336

Quality of Life Inc' gun violence reduction program, focuses on addressing the root causes and psychological impacts of violence among youth. By providing comprehensive mental health support...

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Quality of Life Inc' gun violence reduction program, focuses on addressing the root causes and psychological impacts of violence among youth. By providing comprehensive mental health support, including counseling and trauma-informed care, we aim to help young individuals process their experiences, build resilience, and develop coping strategies. The program integrates therapeutic interventions with preventive education to foster emotional well-being and create a supportive environment, ultimately working to reduce the incidence of gun violence and promote a safer, healthier community for youth.

Program 3
Expenses: $19,300 Revenue: $19,300

Quality of Life Inc's mentoring program is a comprehensive initiative aimed at providing individuals with personalized guidance, support, and resources for their personal and professional...

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Quality of Life Inc's mentoring program is a comprehensive initiative aimed at providing individuals with personalized guidance, support, and resources for their personal and professional development. Quality of Life Inc.'s life skills program adopts a holistic approach to empower participants with indispensable skills and knowledge crucial for navigating life's intricacies through an array of dynamic workshops and engaging activities.

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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 $250,096
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $250,096

Expense Breakdown

Grants Paid $46,054
Salaries & Benefits $166,505
Fundraising Expenses $0
Program Expenses $266,382
Other Expenses $132,683
TOTAL EXPENSES $345,242

Year-over-Year Comparison

2024 2023 Change
Revenue $250,096 $334,412 -0.3%
Expenses $345,242 $274,556 +0.3%
Net Income $-95,146 $59,856 -2.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
N/A
Independent Members
N/A
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
7
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deuene Hickman President 30.00
Director
$0 $0 $0
Danita Love Board Chair 1.00
Officer
$0 $0 $0
Jill Clarke Board Vice Chair 1.00
Officer
$0 $0 $0
Lauren Gaddy Board Member 1.00
Officer
$0 $0 $0
Habi Abubakar Board Member 1.00
Officer
$0 $0 $0
Tiffany Wilson Board Member 1.00
Officer
$0 $0 $0
Michael Babb Board Member 1.00
Officer
$0 $0 $0
Hannah Barber Board Member 1.00
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 $250,096 $345,242 $76,360 $-95,146
2023 $334,412 $274,556 $171,506 $59,856
2022 $176,612 $67,205 $111,650 $109,407
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