Street Hearts Inc

Nonprofit profile at a glance

EIN
461171527
IRS 990 coverage
2015–2023
Forms available
Form 990 2023, Form 990-N 2012
Location
Alexandria, VA, USA
Phone
7542542037
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations
Affiliation
Christianity

Official website

Reported finances

Revenue
$404,590
Expenses
$434,619
Assets
$4,274
Liabilities
$1,941

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

Leadership & pay

7 people listed

Executive titles in this filing

  • Linsey Jorgenson (Founder Executive Director)

Highest reported compensation

  • Linsey Jorgenson (Founder Executive Director): $35,296 total reported compensation
  • Davis Emily (Member): $3,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ther Organisation's mission is to empower homeless youth and transform communities through the love of Jesus.

What it reported doing in 2023

Phase 3 is the workforce development program where our boys aged 16-21 gain guided independence in preparation for graduation at age 21. The workforce development program places the boys between the ages 18-21 in jobs and gives them the opportunity to live in apartments, monitored by the Streethearts workfoce development program staff. The boys, who are now young adults, are taught how to budget and meet the financial obligations as a result of independence. During the first two years of employment by a partner, Streethearts funds the salaries of these jobs through donor sponserships. The goal is to transition the young adult back into thier community as a successful contributing member and to provide assistance as needed. In 2021 the workforce development program launched two small businesses to ensure our elder kids can make

Operating model

Revenue model
Donor-supported. 100% 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

MIXED - A large share of available resources goes toward mission work and program spending has grown recently. Some filing-based governance responses are negative or unanswered and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 50
  • Accountability: 5
  • Sustainability: 18
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.2%; rating input score 97
  • Program expense ratio: 90.5%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 1 of 8 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.4%; rating input score 27; 27th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 0.45; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 8.9%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 4.1% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: -15.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 97.2% of revenue deployed · 90.5% of spending went to programs
  • Governance: 1 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $393K in reported program spending
  • Leadership: top reported pay $35K · 7 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 4 filed schedules · includes foreign activity
  • Filing history: 8 filing years from 2015 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 6 of 7 not reported.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 27/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.