Civic Intelligence

Herald Family Care Corp

EIN 47-5129115 • 501(c)3 • Flushing, NY

Revoked990-N Coverage

Profile

Provides high quality education for the children

Revocation date: May 15, 2024

4235 Main StFlushing, NY 11355

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2020

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

12th percentile

-72%

Higher net margin than 12% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

6th percentile

-95%

Faster revenue growth than 6% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $76,790 (-100%) from 2019

Liabilities

Down

$0

Down $96,318 (-100%) from 2019

Net Assets

Up

$0

Up $19,528 (+100%) from 2019

Revenue

Down

$12,145

Down $212,926 (-95%) from 2019

Expenses

Down

$20,849

Down $223,580 (-91%) from 2019

Net Income

Up

-$8,704

Up $10,654 (+55%) from 2019

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0-$50KAssets 2016: $16,032Liabilities 2016: $16,167Net Assets 2016: -$1352016Assets 2017: $54,157Liabilities 2017: $65,617Net Assets 2017: -$11,4602017Assets 2019: $76,790Liabilities 2019: $96,318Net Assets 2019: -$19,5282019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2016: $296,746Expenses 2016: $298,712Net Income 2016: -$1,9662016Revenue 2017: $291,771Expenses 2017: $303,094Net Income 2017: -$11,3232017Revenue 2019: $225,071Expenses 2019: $244,429Net Income 2019: -$19,3582019Revenue 2020: $12,145Expenses 2020: $20,849Net Income 2020: -$8,7042020

Highlighted filing

2020

Revenue$12,145
Expenses$20,849
Net Income-$8,704

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 15, 2021
Return Version
2020v4.1
Gross Receipts
$12,145
Mission and Program Overview

Mission

Provides high quality education for the children

PROVIDES HIGH QUALITY EDUCATION FOR THE CHILDREN The mission of Herald Family Care is to provide Christian education to children and the importance of family and offer a variety the parents in community. We emphasize of programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$40,368--
Land, Buildings, and Equipment, Net$21,429$0▼ $21,429
Cash and Non-Interest-Bearing Accounts$5,948--
Rtn Earn Endowment Incm Other Fnds$-19,528--
Total Assets$76,790$0▼ $76,790
Other Assets Total$9,045$0▼ $9,045
Liabilities
Other Liabilities$96,318$0▼ $96,318
Total Liabilities$96,318$0▼ $96,318
Net Assets / Fund Balance
Total Net Assets Fund Balance$-19,528$0▲ $19,528
Total Liabilities and Net Assets / Fund Balance$76,790$0▼ $76,790

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Other Assets Org$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Wanyu ChiangDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,143
Investment Income
$2
Other Revenue
$0
Change in Net Assets
$-8,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,847
Salaries, Compensation, and Employee Benefits$8,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$7,200$0$0$7,200
Depreciation Depletion$6,123$0$0$6,123
All Other Expenses$5,524$0$0$5,524
Fees for Services Accounting$1,200$0$0$1,200
Payroll Taxes$802$0$0$802
Total Functional Expenses$20,849$0$0$20,849
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$0
Corporable Tax Payable$0
Accrued Expense$0
Payroll Tax Liability$0
Payroll Liability$0
Loan to Shareholder$0
Class Deposit$0
Rent Liability$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Herald Family Care Corp
EIN
47-5129115
Phone
7187998233
Address
4235 MAIN ST, FLUSHING, NY 11355

Signing Officer

Name
Sarah Chan
Title
President
Phone
7187998233
Signed
2021-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah Chan
Formed
2015
Legal Domicile
Ny
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Zhang Hongling CPA Pc
Address
133-23 41ST RD 1ST FLOOR, FLUSHING, NY 11355
Preparer
Hongling Zhang
Phone
7183211492
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

NONE

Pt VI, Line 8B

NONE

Pt VI, Line 11B

NONE

Form 990, Part IX, Line 24E

Training expense 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Transporation expense 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Office supply 1050. 1050. 0. 0.

Form 990, Part IX, Line 24E

Outside labor 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Office expense 504. 504. 0. 0.

Form 990, Part IX, Line 24E

RENT 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Bank service charge 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Meal and entertainment 1760. 1760. 0. 0.

Form 990, Part IX, Line 24E

Repair and maintenance 0. 0. 0. 0.

Form 990, Part IX, Line 24E

PARKING FEE 0. 0. 0. 0.

Form 990, Part IX, Line 24E

Utlities 2210. 2210. 0. 0.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07187998233
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HERALD FAMILY CARE CORP
ReturnHeader/Filer/BusinessNameControlTxt0HERA
ReturnHeader/Filer/EIN0475129115
ReturnHeader/Filer/PhoneNum07187998233
ReturnHeader/Filer/USAddress/AddressLine1Txt04235 MAIN ST
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ReturnHeader/Filer/USAddress/ZIPCd011355
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ZHANG HONGLING CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0133-23 41ST RD 1ST FLOOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FLUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011355
ReturnHeader/PreparerPersonGrp/PhoneNum07183211492
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HONGLING ZHANG
ReturnHeader/ReturnTs02021-11-15T09:33:45-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SARAH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CHAN
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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