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CHARITY REVIEW
Issued: June 2026 Expires: June 2028

Heartshare

Accredited Charity
Accredited Charity

Meets Standards
(718) 422-4200
12 MetroTech Center
Brooklyn, NY, 11201
https://www.heartshare.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Heartshare meets the 20 Standards for Charity Accountability.

Stated Purpose:
Heartshare champions and empowers New York Citys most overlooked and underestimated by promoting health and well-being, creating stability, and unlocking futures.


Year, State Incorporated:
1914, NY

For over 150 years, Heartshare has championed access and inclusion for vibrant New York City communities facing systemic barriers. We support two primary populations: children and families navigating the child welfare system, and people of all ages with developmental disabilities. 
Heartshare St. Vincents Family Services transforms 9,000 lives each year. Through resources to stabilize families, housing that supports people based on their needs, formal education in schools, college and career counseling, and a wide range of wellness and healing solutions for people of all backgrounds.
Heartshare Developmental Disability Services transforms the lives of over 2,500 people with developmental disabilities each year. Through housing that supports people based on their needs, formal education in schools, meaningful employment for those who want to work, and resources that provide financial relief for families.
No matter the circumstances, Heartshare fosters well-being, self-belief, and independence- helping to build a future where every New Yorker is heard, valued, and given the opportunity to thrive.

For the year ended June 30, 2025, Heartshare's program expenses were:

Residence programs $87,560,437
Day programs $31,273,004
Education $23,769,824
Boarding home $20,977,882
Prevention $9,609,314
Medical services $7,656,112
Clinical services $1,650,434
American Dream $1,405,400
Respite $641,487
Energy programs $430,075
Grant-making activities $198,172
Total Program Expenses $185,172,141

Chair of the Board
Paul Torre

Chair's Profession / Business Affiliation
EQ Fund

Board Size
14

Method(s) Used:
Direct mail appeals, Print advertisements (newspapers, magazines, etc.), Television, Grant proposals, Cause-related marketing (affinity credit cards, consumer product sales, etc.)

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Heartshare's audited financial statements - consolidated for the year ended June 30, 2025.

Source of Funds
Fees and grants from government agencies $196,713,155
Client fees $5,042,856
Contributions, bequests, and non-government grant $3,290,432
Rental income $2,598,245
Patient service revenues $1,677,475
Conditional contributions $1,560,332
Other revenues $1,245,824
Special events revenues, net $858,334
Interest income $65,892
Total Income $213,052,545

Programs: 89% Fundraising: 1% Administrative: 11%

Total Income $213,052,545
Total expenses: $209,191,087
  Program expenses $185,172,141
  Fundraising expenses $1,277,041
  Administrative expenses $22,741,905
  Other expenses $0
Income in Excess of Expenses $3,861,458
Beginning Net Assets $23,266,143
Other Changes In Net Assets $0
Ending Net Assets $27,127,601
Total Liabilities $154,424,843
Total Assets $181,552,444

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Foundation of Metropolitan New York