CITY OF HOPE MISSIONS INC DBA HEARTS-WAY YOUTH SHELTER

EIN: 813720822 501(c)(3) Mental Health

FLINT, TX

Total Revenue
$955,675
Total Expenses
$826,086
Total Assets
$192,567
Net Assets
$-488,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
TX
Principal Officer
SANTHOSH THOMAS
Phone
9037072031
Tax Period
2024-01-01 to 2024-12-31

CITY OF HOPE MISSIONS INC DBA HEARTS-WAY YOUTH SHELTER, founded in 2021, is a small nonprofit in the Mental Health sector that reported $956K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $826K left a modest 14% surplus.

Mission

HEARTS-WAY RTC will provide home, school, and treatment opportunities with intervention and prevention strategies to children, male and female ages 6 to 17 from the state of Texas, and their families from a positive and uplifting perspective to increase their abilities to succeed in life while striving to provide a continuum of care for children that will meet their diverse and changing needs by planting a seed of confidence, hope and a better tomorrow for each precious young life who have been affected by the temporary storms in life and instill that their past does not dictate who they are.

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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 $4,430
Program Service Revenue $951,245
Investment Income $0
Other Revenue $0
TOTAL REVENUE $955,675

Expense Breakdown

Grants Paid $0
Salaries & Benefits $524,818
Fundraising Expenses $0
Program Expenses $448,593
Other Expenses $301,268
TOTAL EXPENSES $826,086

Year-over-Year Comparison

2024 2023 Change
Revenue $955,675 $848,300 +0.1%
Expenses $826,086 $902,105 -0.1%
Net Income $129,589 $-53,805 -3.4%
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
7
Independent Members
N/A
Employees
21
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
4
$0
Total Directors
3
$90,269
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANTHOSH THOMAS Executive Dir. 25.00
Director
$90,269 $0 $90,269
DR KHOREN HEKIMIAN BOARD MEMBER 1.00
Director
$0 $0 $0
JOICE VADAKEKUT BOARD MEMBER 8.00
Director
$0 $0 $0
ROBERT THONGSAVANH Chairman 4.00
Officer
$0 $0 $0
K J CHACKO President 3.00
Officer
$0 $0 $0
BEJOY MATHEW Treasurer 4.00
Officer
$0 $0 $0
MORGAN CHRISTENSEN Secretary 5.00
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 $955,675 $826,086 $192,567 $129,589
2023 $848,300 $902,105 $101,457 $-53,805
2022 $1,053,784 $1,183,057 $161,412 $-129,273
2022 $1,053,784 $1,121,989 $159,848 $-68,205
2021 $542,625 $666,053 $149,136 $-123,428
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