Loving Hearts & Caring Hands Inc
- Assets
- $2.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madisonville, TN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 45-4654570
Organization Overview
Loving Hearts & Caring Hands Inc is located in Madisonville, TN. The organization was established in 2014. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loving Hearts & Caring Hands 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, Loving Hearts & Caring Hands Inc generated $93.1k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $92.7k during the year ending 12/2023. While expenses have increased by 3.7% 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Rasmussen President | 40 | $10,500 | |
Vickie Rasmussen Secendary | 30 | $10,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,101 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,101 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $21,000 |
| Occupancy, rent, utilities, and maintenance | $39,340 |
| Printing, publications, postage, and shipping | $211 |
| Other expenses | $32,168 |
| Total expenses | $92,719 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,100 |
| Other assets | $0 |
| Total assets | $2,100 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Mennonite Retirement Community Harrisonburg, VA | $34,565,658 | $8,260,781 |
Fv Services Inc St Louis, MO | $5,011,748 | $5,812,310 |
North Carolina Housing Services And Management Corporation Winstonsalem, NC | $778,334 | $4,684,755 |
Mosaic Development Group Inc Davidson, NC | $17,585,293 | $2,611,828 |
Virginia Apartment Management Association Richmond, VA | $2,855,042 | $1,982,384 |
Nho Management Inc Memphis, TN | $6,306,146 | $1,235,670 |
Housing Resource Center Inc Atlanta, GA | $568,036 | $587,859 |
House Everyone Stl St Louis, MO | $311,468 | $260,213 |
Loving Hearts & Caring Hands Inc Madisonville, TN | $2,100 | $0 |
Inspire Your Daughters Atlanta, GA | $38,970 | $0 |
Melkie Jones Homeownership Inc Murfreesboro, TN | $3,680 | $0 |
Plumb Line Foundation Knightdale, NC | $10,506 | $0 |