Is Sacred Heart Retreat House Inc Legit?

Sacred Heart Retreat House Inc demonstrates consistent financial operations, with revenues generally tracking expenses over the past decade. While there have been fluctuations, such as a dip in revenue to $1,290,961 in 2021 and a peak of $2,644,699 in 2019, the organization has maintained a stable asset base, hovering around $1.5 million to $2 million. The latest filing (202307) shows expenses slightly exceeding revenue ($1,596,413 vs. $1,552,638), which is a minor deficit but not indicative of significant financial distress given the overall asset position of $1,972,814. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of financial health and efficiency. The organization's liabilities have remained relatively low compared to its assets, indicating a healthy balance sheet.