Sacred Heart Community Corporation
- Assets
- $894.5k
- Revenue
- $513.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Lyndhurst, OH
- Founding
- 06/1980
- Data as of
- 07/2022
- EIN
- 34-1305770
Organization Overview
Sacred Heart Community Corporation is located in Lyndhurst, OH. The organization was established in 1980. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 07/2022, Sacred Heart Community Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacred Heart Community Corporation 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 07/2022, Sacred Heart Community Corporation generated $513.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $465.6k during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE 50 LOW-INCOME HOUSING UNITS FOR ELDERLY AND HANDICAPPED RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sonia Charles Secretary | Officer | 1 | $0 |
Bruce Houseman Treasurer | Officer | 1 | $0 |
Rigoberto Reveron Chairman | Officer | 1 | $0 |
John Joyce Jr Trustee | Trustee | 1 | $0 |
Maria Ernst Trustee | Trustee | 1 | $0 |
Father William Thaden Ex Officio | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $361,031 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,031 |
| Total Program Service Revenue | $152,278 |
| Investment income | $27 |
| 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 | $513,336 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,268 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,259 |
| Payroll taxes | $6,446 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $176,298 |
| Travel | $0 |
| 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 | $68,066 |
| Insurance | $15,972 |
| All other expenses | $20,621 |
| Total functional expenses | $465,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,999 |
| Savings and temporary cash investments | $318,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312 |
| 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 | $19,760 |
| Net Land, buildings, and equipment | $416,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $77,708 |
| Other assets | $27,851 |
| Total assets | $894,461 |
| Accounts payable and accrued expenses | $34,529 |
| Grants payable | $0 |
| Deferred revenue | $3,164 |
| 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 | $1,693,527 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,183 |
| Total liabilities | $1,740,403 |
| Net assets without donor restrictions | -$845,942 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $894,461 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Heart Group Of Lancaster General Health Lancaster, PA | $8,306,445 | $18,701,008 |
Light Of Hearts Villa Inc Bedford, OH | $9,144,420 | $3,630,164 |
Sacred Heart Villa Assisted Living Community Reading, PA | $2,656 | $2,071,500 |
Adult Congenital Heart Association Inc Media, PA | $1,775,522 | $2,125,476 |
Cardiovascular Institute Philadelphia, PA | $711,582 | $487,550 |
Sacred Heart Community Corporation Lyndhurst, OH | $894,461 | $513,336 |
Military Order Of The Purple Heart Service And Rehabilitation Office Detroit, MI | $86,761 | $400,813 |
Heart Of The Hills Swim Club Inc Rochester, MI | $717,125 | $372,177 |
Hearts & Hands Of Indiana Corporation Indianapolis, IN | $0 | $200,119 |
Vascular Access Society Of The Americas Inc Frankfort, KY | $250,997 | $370,099 |
Heartland Ministries Inc Hardin, KY | $438,233 | $323,981 |
Childrens Heart Association Cincinnati, OH | $9,118,740 | $307,793 |