Loving Arms Inc

Nonprofit profile at a glance

EIN
571087389
IRS 990 coverage
2010–2023
Forms available
Form 990 2023, Form 990-N 2010
Location
Ladson, SC, USA
Phone
4434151174
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$63,000
Expenses
$39,320
Assets
$278,976
Liabilities
$107,001

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • CINDY R WILLIAMS (CHIEF EXECUTIVE OFFICER)

People named in this filing

  • SHARANA SLOSS (BOARD CHAIR)
  • DARROLL CRIBB (VICE CHAIR)
  • WENDY DESSAUSURE (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to provide immediate, safe, and nurturing shelter for youth ages 10-18 who are runaway, homeless, or at risk of homelessness, as well as minors who are survivors of domestic sex and labor trafficking. We offer more than just a roof-through a trauma-informed, family-centered approach, we provide a refuge where children and youth can heal from their experiences, regain a sense of safety, and begin to rebuild their lives. Our services include personalized, wrap-around support that addresses not only their immediate needs for food, shelter, and clothing but also their long-term emotional, mental, and social well-being. With a strong focus on family reunification and stabilization, we work hand-in-hand with parents and caregivers to foster understanding, repair relationships, and create pathways toward healing and growth. At Loving Arms, we believe that every child deserves to be heard, valued, and given the opportunity to thrive-free from fear, abuse, and neglect.

What it reported doing in 2023

Navigation Services to homeless youth 18 - 24 and adults, experiencing homelessness in Baltimore City. We were able to provide intakes and assessments for individuals who were experiencing housing insecurities and enter them into the Coordinated Access Systems for possible Housing Choice Vouchers or Rapid Rehousing Slots. In addition, we provided mental health referrals and access to housing resources, to include assistance with referrals for emergency shelter for youth, young adults and parents experiencing or at risk of becoming homeless.

Operating model

Revenue model
Earned-program. 76% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 92
  • Accountability: 88
  • Sustainability: 64
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.4%; rating input score 62
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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; 64th 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: 37.6%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 7.1; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -11.7% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 49th percentile among comparable filings
  • Asset growth: 8.3% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 62.4% of revenue deployed · 100% of spending went to programs
  • Governance: 11 of 11 board members independent · 5 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $39K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 42 of 42 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 8 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.