Overcoming Love Ministries Inc
- Assets
- $2.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Woodhaven, NY
- Founding
- 12/1986
- Data as of
- 12/2023
- EIN
- 11-2774575
Organization Overview
Overcoming Love Ministries Inc is located in Woodhaven, NY. The organization was established in 1986. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Overcoming Love Ministries Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Overcoming Love Ministries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Overcoming Love Ministries Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 14.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONAL MISSION IS TO PROVIDE SERVICES, PROGRAMS, AND SUPPORT THAT WILL MEET THE MENTAL, EMOTIONAL, PHYSICAL, AND SPIRITUAL NEEDS OF ANYONE IN NEED OF OR DESIRING ASSISTANCE. OUR ORGANIZATION BELIEVES THAT A HOLISTIC APPROACH TO MAN'S NEEDS CREATES A MORE STABLE HUMAN BEING AND THUS THE ABILITY TO FUNCTION AT A HIGHER LEVEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAN SICLEN AND PULASKI FAMILY RESIDENCES ARE TRANSITIONAL HOUSING FACILITIES SERVING HOMELESS FAMILIES WITH CHILDREN AS WELL THE VETERANS OF WAR. THE FACILITY ALSO PROVIDES FREE OF CHARGE EMERGENCY FOOD ASSISTANCE ON SITE, REFERRALS TO ADDITIONAL SERVICES SUCH AS EMPLOYMENT PROGRAMS, DOCTORS, DAYCARE CENTERS, ETC.
EMERGENCY FOOD PROGRAMS FOR THE COMMUNITY OPERATING FROM THE SHELTERS PREMISES EVERY WEEK WEDNESDAY TO SUNDAY FROM 4PM TO 7PM WHERE WE DISTRIBUTE FRESH PRODUCE, DRY GOODS AND MEATS TO AN AVERAGE OF 1,500 FAMILIES EACH MONTH. THESE PROGRAMS OPERATES WITH TITHES FROM OUR CHURCH AND A PORTION TAKEN FROM VAN SICLEN AND PULASKI FAMILY RESIDENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rafael Marte Director | OfficerTrustee | 50 | $134,366 |
Alejandratango Treasurer | Trustee | 15 | $13,830 |
Beatriz Rivera Trustee | Trustee | 1 | $0 |
Matilda Garcia Trustee | Trustee | 1 | $0 |
Maria Morrison Trustee | Trustee | 1 | $0 |
Katherine Moreno Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,268,451 |
| All other contributions, gifts, grants, and similar amounts not included above | $716,078 |
| Noncash contributions included in lines 1a–1f | $696,131 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,984,529 |
| Total Program Service Revenue | $36,722 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,021,251 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $148,196 |
| Compensation of current officers, directors, key employees. | $27,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $497,090 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $67,200 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,414 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,682 |
| Advertising and promotion | $0 |
| Office expenses | $39,031 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $255,487 |
| Travel | $3,087 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $423,097 |
| Insurance | $84,063 |
| All other expenses | $4,915 |
| Total functional expenses | $2,460,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309,048 |
| Savings and temporary cash investments | $4,166 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,365,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,678,618 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,561 |
| Total liabilities | $9,561 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,669,057 |
| Total liabilities and net assets/fund balances | $2,678,618 |