LOVE FIRST CHILD DEVELOPMENT CENTER INC

EIN: 882861375 501(c)(3) Human Services

WASHINGTON, DC

Total Revenue
$1,543,287
Total Expenses
$1,478,130
Total Assets
$215,167
Net Assets
$215,167
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
DC
Principal Officer
KEVIN T HART SR
Phone
3013959120
Tax Period
2023-01-01 to 2023-12-31

LOVE FIRST CHILD DEVELOPMENT CENTER INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 410% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 4% surplus.

Mission

CHILDCARE

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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 $1,419,616
Program Service Revenue $123,671
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,543,287

Expense Breakdown

Grants Paid $0
Salaries & Benefits $959,510
Fundraising Expenses $0
Program Expenses $1,174,929
Other Expenses $518,620
TOTAL EXPENSES $1,478,130

Year-over-Year Comparison

2023 2022 Change
Revenue $1,543,287 $302,646 +4.1%
Expenses $1,478,130 $226,542 +5.5%
Net Income $65,157 $76,104 -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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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
1
Independent Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN HART PRESIDENT 40.00
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 No data No data No data No data
2023 $1,543,287 $1,478,130 $215,167 $65,157
2022 $302,646 $226,542 $86,695 $76,104
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