Hearts for The Invisible Charlotte Coalition

EIN: 852199656 501(c)(3) Human Services

Charlotte, NC

Total Revenue
$1,048,445
Total Expenses
$679,453
Total Assets
$552,802
Net Assets
$467,464
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
NC
Principal Officer
Jessica Lefkowitz
Phone
7042968060
Tax Period
2024-01-01 to 2024-12-31

Hearts for The Invisible Charlotte Coalition, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 198% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 35% operating margin.

Mission

Eradicating housing inequities for people experiencing homelessness

Program Service Accomplishments

Program 1
Expenses: $679,631

In 2024 Hearts For The Invisible Charlotte Coalition served 863 individuals in Mecklenburg County, including 190 children under the age of 18, and 20 Veterans. 414 identified as a woman, 436...

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In 2024 Hearts For The Invisible Charlotte Coalition served 863 individuals in Mecklenburg County, including 190 children under the age of 18, and 20 Veterans. 414 identified as a woman, 436 identified as a man, 7 as transgender and 2 as non-binary/questioning. Of those served 482 people who reported mental health issues, 318 people who reported chronic health condition, 307 reported a substance use disorder, 196 reported a physical disability and 137 reported a developmental disability. Our team provided benefit assistance with 67 individuals, 40 healthcare referrals, 66 shelter referrals, assisted 77 individuals with housing search and applications, connected 45 individuals to mental health services, 20 individuals to substance use services, and helped 89 individuals obtain their vital records. Lastly, HFTICC's Outreach team achieved 472 positive exits from our homeless street outreach program, meaning 472 neighbors are no longer living in a place not meant for human habitation (e.g., street, car, abandoned building), and have moved into permanent, temporary, or emergency shelter living situations. Of those, 121 individuals move into permanent housing.

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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 $1,034,750
Program Service Revenue $16,389
Investment Income $0
Other Revenue $-2,694
TOTAL REVENUE $1,048,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $416,996
Fundraising Expenses $578
Program Expenses $679,631
Other Expenses $262,457
TOTAL EXPENSES $679,453

Year-over-Year Comparison

2024 2023 Change
Revenue $1,048,445 $352,327 +2.0%
Expenses $679,453 $207,033 +2.3%
Net Income $368,992 $145,294 +1.5%
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
6
Independent Members
6
Employees
10
Volunteers
250

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
5
$77,947
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jessica Lefkowitz Executive Dir. 40.00
Officer
$77,947 $0 $77,947
Malia Suhren President 1.00
Officer Director
$0 $0 $0
Kenneth Robinson Vice President 1.00
Officer Director
$0 $0 $0
Laura Gorecki Secretary 1.00
Officer Director
$0 $0 $0
Ken Griffin Treasurer 1.00
Officer Director
$0 $0 $0
Allen Chavis Director 1.00
Director
$0 $0 $0
Doretha Caston Director 1.00
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 $1,048,445 $679,453 $552,802 $368,992
2024 $865,614 $713,453 $592,797 $152,161
2023 $352,327 $207,033 $151,521 $145,294
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