Helping Hearts Inc
- Assets
- $766.2k
- Revenue
- $244.0k
- Investments
- $0.0
- Employees
- 0
- Location
- North Olmsted, OH
- Founding
- 07/2001
- Data as of
- 10/2021
- EIN
- 34-1940760
Organization Overview
Helping Hearts Inc is located in North Olmsted, OH. The organization was established in 2001. According to its NTEE Classification (K36) the organization is classified as: Meals on Wheels, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Helping Hearts 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 10/2021, Helping Hearts Inc generated $244.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $43.8k during the year ending 10/2021. While expenses have increased by 1.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST SENIOR CITIZENS IN CLEVELAND OHIO WITH MEDICAL,NUTRITIONAL, FINANCIAL,SOCIAL AND GROUP SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR EVENTS AND FOOD GIVE AWAYS
PROVIDE GENERAL SERVICES TO SENIOR RESIDENTS BY OPERATING SENIOR CENTER
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hsiu Wong President | Trustee | 15 | $0 |
Rosemary Baker Secretary | Trustee | 1 | $0 |
Miao Chan Trustee | Trustee | 1 | $0 |
Hong S Wong Treasurer | Trustee | 15 | $0 |
Su Yu Cao Trustee | Trustee | 1 | $0 |
Jenny Baker Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $0 |
| 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 | $3,181 |
| Net Income from Gaming Activities | $240,847 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $244,028 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,000 |
| 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 | $0 |
| Insurance | $737 |
| All other expenses | $0 |
| Total functional expenses | $43,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $766,199 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $766,199 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 | $766,199 |
| Total liabilities and net assets/fund balances | $766,199 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metropolitan Area Neighborhood Nutrition Alliance Philadelphia, PA | $24,915,419 | $8,784,577 |
Active Aging Inc Meadville, PA | $4,479,755 | $4,367,920 |
Meals On Wheels Of The Greater Lehigh Valley Inc Allentown, PA | $9,546,497 | $4,230,734 |
Meals On Wheels Of Northwest Indiana Inc Merrillville, IN | $5,276,500 | $3,391,387 |
Meals On Wheels Inc Indianapolis, IN | $1,807,663 | $2,774,322 |
Mobile Meals Of Toledo Inc Toledo, OH | $1,043,284 | $2,769,251 |
Meals On Wheels Of Northeastern Pa Inc Scranton, PA | $889,100 | $2,101,498 |
Ypsilanti Meals On Wheels Ypsilanti, MI | $2,994,854 | $1,839,246 |
Oakland Meals On Wheels Troy, MI | $215,102 | $1,260,527 |
Monroe County Meals On Wheels Inc Stroudsburg, PA | $1,715,113 | $1,265,931 |
Copper Country Senior Meals Inc Hancock, MI | $73,353 | $862,702 |
Mobile Meals Foundation Toledo, OH | $5,922,414 | $483,232 |