Florence Christian Home
- Assets
- $2.2m
- Revenue
- $183.6k
- Investments
- $1.8m
- Employees
- 0
- Location
- Wayne, NJ
- Founding
- 05/1925
- Data as of
- 12/2023
- EIN
- 22-1529789
Organization Overview
Florence Christian Home is located in Wayne, NJ. The organization was established in 1925. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florence Christian Home 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, Florence Christian Home generated $183.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $265.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Florence Christian Home has awarded 30 individual grants totaling $1,048,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hanse President | 0 | $0 | |
Lisa G Cavanaugh Secretary | 0 | $0 | |
Mary Faber Director | 0 | $0 | |
Judy Dedio Vice President | 0 | $0 | |
Barbara A Hanse Director | 0 | $0 | |
Brian W Hanse Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $312 |
| Interest on Savings | $12 |
| Dividends & Interest | $48,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $134,681 |
| Capital Gain Net Income | $134,681 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $183,586 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,643 |
| Depreciation | $10,099 |
| Occupancy | $8,440 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $34,527 |
| Total operating and administrative expenses | $78,209 |
| Contributions, gifts, grants paid | $187,500 |
| Total expenses and disbursements | $265,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $31,283 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,829,214 |
| Net Land, buildings, and equipment | $332,509 |
| Other assets | $0 |
| Total assets | $2,193,006 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $1 |
Grants Awarded
Over the last fiscal year, Florence Christian Home has awarded $157,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOLLAND HOME PURPOSE: CHARITABLE | $7,500 |
FIDELITY INVESTMENTS CHARITABLE PURPOSE: CHARITABLE | $150,000 |