Hearts of Mercy
Nonprofit profile at a glance
- EIN
- 471170969
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Manahawkin, NJ, USA
- Phone
- 9087830269
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $45,914
- Expenses
- $44,343
- Assets
- $15,050
- Liabilities
- $12,521
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- MIKE MERCADONTE (President)
- ROBERT DURBOROW (Vice President)
People named in this filing
- KRISTIN SANTORELLI (Executive Dir.)
- MIKE MERCADONTE (President)
- ROBERT DURBOROW (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To break the poverty cycle through learning and enrichment programs that motivate at-risk children to create a better tomorrow.
What it reported doing in 2024
Tutoring, mentoring and general wellness of underprivileged youth in the Barnegat area.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.1%; rating input score 71
- Program expense ratio: 73.6%; rating input score 74
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 3.4%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.34; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.83; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 38% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 22.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 26.6% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 71.1% of revenue deployed · 73.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- Review — Sustainability: Operating margin scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 10/100.