Love Inc of the Heart of Florida

Nonprofit profile at a glance

EIN
134315485
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Summerfield, FL, USA
Phone
3522458774
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Ambulatory Health Center, Community Clinic
Affiliation
Christianity

Official website

Reported finances

Revenue
$729,585
Expenses
$793,935
Assets
$1,399,324
Liabilities
$516,047

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

People named in this filing

  • DANA PARKER (Executive Dir.)
  • BRUCE DILLMAN (Director)
  • GREGORY DENARDIS (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Love inc is a partnership of churches, of all christian denominations, in the local community who work together with community organizations, agencies, clubs, and groups to provide effective help for the disadvantaged.

What it reported doing in 2024

In 2024 love in the name of christ served over 1,283 individuals, received 534 new families seeking resources, prayer, and help. Love inc helped to strengthen our partners (and the community) with education in when helping hurts and redemptive compassion, biblical wholistic help. Journey, our transformational- life skills program has been busy. Serving a steady 38 families each week and an additional 18 families who come and go. Helping them learn new life skills and apply them, including mentorship, meal, childcare for 26 kids and more. Love inc provided information, referrals and resources to individuals, churches, community agencies, civic organizations meeting over 16,530 needs. Love inc also provided volunteer education and training to 33 new volunteers. Love inc provided ministry products and services through the local church through gap ministries for 13,397 documented needs. Persons that would otherwise not have their needs met. For a total of over 22,432 needs met in our community, 9 cities and 55 local christian churches, by the love inc network.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 60%; rating input score 60
  • Fundraising efficiency: $3.19 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.8%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 1.76; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 10.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 60% of spending went to programs
  • Governance: 5 of 5 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $476K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.