FAITH HOUSE INC

EIN: 842362051 501(c)(3) Religion

WESTBURY, NY

Total Revenue
$129,977
Total Expenses
$128,575
Total Assets
$61,200
Net Assets
$61,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
Principal Officer
KIT MUI FLORENCE NG
Phone
8457319607
Tax Period
2023-01-01 to 2023-12-31

FAITH HOUSE INC, founded in 2019, is a small nonprofit in the Religion sector that reported $130K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

TO WITNESS THAT THE LORD JESUS CHRIST IS GOD INCARNATE, AND TO SEEK TO LEAD OTHERS TO PERSONAL FAITH IN CHRIST AS LORD AND SAVIOR. THIS GOAL SHALL BE ACCOMPLISHED THROUGH MUSIC, ARTS, MULTIMEDIA, PERSONAL COMMUNICATIONS, AND SHARING OF GOD'S WORDS.

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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 $129,669
Program Service Revenue $0
Investment Income $308
Other Revenue $0
TOTAL REVENUE $129,977

Expense Breakdown

Grants Paid $300
Salaries & Benefits $103,924
Fundraising Expenses $0
Program Expenses $127,254
Other Expenses $24,351
TOTAL EXPENSES $128,575

Year-over-Year Comparison

2023 2022 Change
Revenue $129,977 $68,858 +0.9%
Expenses $128,575 $62,234 +1.1%
Net Income $1,402 $6,624 -0.8%
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
2
Employees
2
Volunteers
16

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
$40,000
Total Directors
3
$40,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIT MUI FLORENCE NG PRESIDENT 35.00
Officer Director
$40,000 $0 $40,000
JULIE LAU SECRETARY 0.50
Officer Director
$0 $0 $0
SANDY CHAN TREASURER 0.50
Officer 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
2023 $129,977 $128,575 $61,200 $1,402
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