Caring Hands Foundation INC EIN 87-4024522

Caring Hands Foundation INC

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Feeds and clothes the homeless and less fortunate, including children, the blind, and the elderly. For fiscal year 2023 it reported $561K in revenue, $101K in expenses, and $810K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Pompano Beach, FL
Filings
3 on file (2021–2023)
Revenue
$561KFY2023
Expenses
$101K
Net assets
$810K
People
3
Filings
3
Updates
0
More identity details & actions ⌄
EIN  87-4024522 Public charity (501(c)(3)) Pompano Beach, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Feeds and clothes the homeless and less fortunate, including children, the blind, and the elderly.
Leadership
Luis Dominguez · President
Money in and out
$561K revenue, $101K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$810K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $460K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Surplus margin
+82%
revenue over expenses, this year▼ -18% vs prior filing year
Donor-funded
100%
of revenue is gifts & grants>-0.01% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$561K
FY2023▲ +60%
Expenses
$101K
FY2023
Total assets
$810K
FY2023▲ +131%
Total liabilities
$0
FY2023
Total revenue
$561K
Pt VIII · Ln 12
Total expenses
$101K
Pt IX · Ln 25
Net assets
$810K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$460K
Total assetsPt X · Ln 16$810K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $101K of program spending, described in the organization's own filed words · FY2023.
01

Obtained a building to house the homeless, and leased it ($1/month) to another non-profit organization dedicated to running homeless shelters.

$101Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaring Hands Foundation INC
EINHdr · item D87-4024522
Principal addressHdr · item CPompano Beach, FL
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P99)
Ruling yearIRS BMFNov 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$561K
Other revenue$12
Total revenueLn 12$561K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$101K
Total functional expensesLn 25$101K

Balance Sheet

Part X · end of year
CashLn 1$250K
Total assetsLn 16$810K
Total liabilitiesLn 26$0
Total net assetsLn 32$810K
Months of cash on handcomputed29.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $250K · Operating expenses (Pt IX) $101K · Less non-cash grants $560K · Cash operating expenses/yr $-459K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $101K · Total expenses $101K
100%
Management & General
Management & general $0 · Total expenses $101K
0%
Fundraising
Fundraising $0 · Total expenses $101K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $455K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $561K · Total revenue $561K
100%
Government reliance
Government grants — · Total revenue $561K
Earned-income share
Program service revenue $0 · Total revenue $561K
0%
Investment reliance
Investment income $0 · Total revenue $561K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $101K
0%
Growth & trend
Revenue growth (YoY)
This year $561K · Prior year $350K
+60%
Net-asset trend (YoY)
End of year $810K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $561K · Expenses $101K
+82%
Liabilities-to-Assets
Total liabilities — · Total assets $810K
Net-asset ratio
Net assets $810K · Total assets $810K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $810K
0%
People & payroll
Highest Reported Total Compensation
Individual Luis Dominguez · Reported title President · Highest reported compensation $0 · Total expenses $101K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $101K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 60%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $100K · 2023–2023
United We All Can Cmnty SrvcsFY2023$100,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2023 (Latest)$561K revenue · viewing · ⤓ 990 PDF
FY2022$350K revenue · ⤓ 990 PDF
FY2021$1K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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