Compassionate Hearts Financial Services
2605 72nd Avenue East, Suite 583
Ellenton FL 34222
Dedicated to helping those in need achieve productive and rewarding lives.
CEO/Executive Director Mr. Eddie L. Collins
Board Chair Ms. Kilstron L. Collins
Board Chair Affiliation Volunteer
General Info
Organization DBA
Compassionate Hearts Financial Services, Inc.
Former Names
Manasota Community Care, Inc.
Tax Exempt Status Public Supported Charity
Incorporation Year 2012
State Charitable Solicitations Permit Yes Nov 2015
State Registration Exempt Nov 2014
Financial Summary
Note: Revenue includes the value of in-kind contributions/donations
IRS Letter of Determination
IRS determinationView
Impact Statement
We recently secured all of the documentation to be officially classified as a non-profit organization. We have not officially began to provide services but we have received referrals. We expect to secure the required bond, successfully register our organization with the local Social Security office and begin to provide services. We would love to announce a year from now we enrolled 100 persons in need of financial management assistance as well as report we helped 10% of those develop the skills necessary to be able to manage their own financial affairs.
Needs Statement
Our top five (5) most pressing needs are:
  1. $1500.00 to purchase professional software specifically designed to address the accounting and documentation needs of agencies providing representative payee services.
  2. $1200.00 to purchase new computers and server
  3. Volunteers to enrich our board of directors
  4. Marketing and networking
Background Statement
Compassionate Hearts Financial Services Inc. is a non-profit agency created by a licensed mental health counselor who is also a certified addiction professional; who has been providing services to persons with severe and persistent mental health conditions and substance abuse problems for more than twenty years. The goal of the agency is to provide financial discipline and support when the family no longer can and the consumer is too compromised to manage their own financial affairs.
Areas Served
Areas Served
FL- Charlotte
FL- DeSoto
FL- Manatee
FL- Sarasota
Service Categories
Primary Org Type Mental Health & Crisis Intervention
Secondary Org Type
Tertiary Org Type
Statement from the Board Chair/Board President
Statement from the CEO/Executive Director
At Compassionate Hearts Financial Services we are dedicated to providing confidence and support to those who are not capable of making their own financial decisions. We provide stability, assurance and accountability to those we serve. Our services are designed to compensate for or eliminate functional deficits brought on by the person's inability to manage their own financial affairs. Our goal is to eliminate interpersonal and environmental barriers and restore social functioning and independence.
Description Our program provides financial coordination and management for social security recipients who have been deemed incapable of managing their own financial affairs. We provide stability to the person receiving services and assurance to the family members that all the essential and important financial obligations will be paid. Our program attempts to help those we serve develop motivation and the ability to become more independent and self-sufficient. We encourage them to develop strong supportive relationships with their natural support system and/or family members. We encourage those we provide services, to actively engage in rehabilitation or programs that will help them develop the skills to become more independent.
Budget $2,500
Category Mental Health, Substance Abuse Programs, General/other Mental Health, Substance Abuse Programs, General/other
Program Linked to Organizational Strategy Yes
Population Served Alcohol, Drug, Substance Abusers People/Families with of People with Psychological Disabilities People/Families with People of Developmental Disabilities
Short Term Success
We look to have those we serve experience a significant decrease in the level of stress related to the need to have their financial affairs managed. We would like to have:
  1. 80% of those served report a related decrease in their stress within the first 30 days of being admitted to the program.
  2. Within the first 30 days of being admitted 95% of program participants will have enough food to last through the entire month. 
  3. 30% of those served will report improved relationships with family within the first 30 days of being enrolled in services.
  4. 30% of those receiving services will obtain and maintain permanent housing with in the first 90 days of being enrolled in services.
Long Term Success
Long term goals or measures of success are:
  1. At least 25% of those who receive services via our program will develop the necessary skills and abilities to realize the goal of being deemed capable of independently managing their own financial affairs. 
  2. Our belief is supportive natural relationships are vital to the long-term stability and success of those we provide services. At least 50% of program participants will report improved relationships with family and significant others.
  3. 100% of those we providing services to will not experience problems maintaining their housing or placement due to unpaid financial obligations.
  4. 100% of those we are providing services for will have enough food to last them from the beginning to the end of the month and will not need to go to local food pantry for emergency services. 
Program Success Monitoring
Program success is  monitored by:
  1. Stability in housing/living arrangements. 30% of those served will secure permanent housing
  2. Decreased levels of homelessness
  3. Program participants will report an increased in the quality of life they experience after being enrolled in services.
Program Success Examples
"The patient does not demonstrate the necessary skills to manage their own funds." "This person frequently does not have enough money for food." "Very impulsive and will purchase unnecessary items, which often leaves no money for necessary goods." "The patient does not demonstrate the ability to understand the difference between her needs and her wants." "This person is unable to develop a monthly budget that outlines her financial needs." These are some of the reasons people are referred to us for representative payee services. Program success would be monitored by eliminating the problems brought on by the person's inability to do the things listed above. Improved relationships with family members. Increased level of stability and decreased level of need for financial management.
CEO/Executive Director
CEO/Executive Director Mr. Eddie L. Collins
CEO Term Start July 2012
CEO/Executive Director Email
Eddie Collins is a licensed mental health counselor as well as a certified addiction professional. He has worked with persons diagnosed  with severe and persistent mental health problems for more than fifteen years. He started his career in 1996 as a mental health case manager. As a case manager, his primary duties included coordinating service delivery to persons with severe and persistent mental health conditions. He advanced through the ranks becoming program supervisor, program coordinator and program director. He currently serves as the director of residential services for a nationally renowned independent housing provider where he has oversight of more than 50 residential treatment beds and 150 independent living units. He has dedicated his life to helping those with severe and persistent mental health conditions achieve the goal of independence. He is a proponent of the adage "if you give a man a fish, he eats for a day. If you teach him how to fish, he will eat a lifetime." Because of his adherence to this philosophy, his principle is to help those receiving services identify their strengths and develop goals that compliment those abilities. 
Former CEOs/Executive Directors
Senior Staff
Staff & Volunteer Statistics
Full Time Staff 1
Part Time Staff 0
Staff Retention Rate % 100
Professional Development No
Contractors 0
Volunteers 0
Management Reports to Board No
CEO/Executive Director Formal Evaluation No
Senior Management Formal Evaluation No
Non-Management Formal Evaluation No
Our organization work very closely with other community based agencies to provide a continuity of care network for those who are referred to our agency for services. Our closest collaboration is with community-based mental health agencies. Community-Based mental health agencies is the primary source of referrals for our services. We work very closely with the staff assigned to the consumer, usually the targeted mental health case manager, to develop plans that assure all of the critical financial needs are addressed. We also attempt to develop processes that help the person receiving services learn to develop strategies that will help those in services begin to develop skills necessary to become able to manage their own finances.
External Assessments and Accreditations
Risk Management Provisions
Government Licenses
Organization Licensed by the Government No
Fundraising Plan No
Communication Plan No
Strategic Plan No
Strategic Plan Years N/A
Strategic Plan Adopted 0
Management Succession Plan No
Continuity of Operations Plan No
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy No
Policies and Procedures No
Other Documents
Other Document 2
Document Destruction Policy
Board Chair
Board Chair Ms. Kilstron L. Collins
Company Affiliation Volunteer
Board Term July 2012 to July 2014
Board Chair Email
Board Members
Board Members
Ms. Kilston L. Collins Bayfront
Ms. Jamil O. Collins Salvation Army
Mr. Deshane J. Collins Salvation Army
Constituency Includes Client Representation No
Board Ethnicity
African American/Black 3
Asian American/Pacific Islander 0
Caucasian 0
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Board Gender
Male 1
Female 2
Unspecified 0
Board Term Lengths 2
Board Term Limits 99
Board Orientation Yes
Number of Full Board Meetings Annually 2
Board Meeting Attendance % 100
Board Self-Evaluation No
Written Board Selection Criteria Yes
Board Conflict of Interest Policy Yes
% of Board Making Monetary Contributions 0
% of Board Making In-Kind Contributions
Governance Comments by Organization
Our biggest challenge regarding our board of directors is finding volunteers willing to help us achieve our goals and fulfill our mission. Being a new non-profit organization makes it very difficult for our organization to attract community volunteers who are dedicated and interested in helping our target population. We would love to find volunteers with assets and knowledge that will help us achieve our mission. Learning how to find, evaluate and attract dedicated community volunteers is one of the goals, we're hopeful, joining the giving partner community will help us achieve.
Current Year Projections
Tax Year Start Month Jan
Tax Year Start Day 01
Tax Year Begins 2015
Tax Year End Month Dec
Tax Year End Day 31
Tax Year Ends 2015
Projected Revenue $5,338.00
Projected Expenses $3,560.00
Organization has Endowment No
Endowment Spending Policy N/A
Capital Campaign
Currently In a Capital Campaign No
Campaign Purpose
Campaign Goal
Amount Raised To Date 0 as of 0
IRS Form 990s
Audit/Financial Documents
Financial Review
Expense Allocation
Fiscal Year201220112010
Program Expense$521----
Administration Expense$0----
Fundraising Expense$0----
Payments to Affiliates$0----
Total Revenue/Total Expenses0.00----
Program Expense/Total Expenses100%----
Fundraising Expense/Contributed Revenue------
Assets and Liabilities
Fiscal Year201220112010
Total Assets$0----
Current Assets$0----
Long-Term Liabilities$0----
Current Liabilities$0----
Total Net Assets$0----
Top Funding Sources
Fiscal Year201220112010
Top Funding Source & Dollar AmountNo funding provided in 2012 $0----
Second Highest Funding Source & Dollar Amount ------
Third Highest Funding Source & Dollar Amount ------
CEO/Executive Director Compensation $0 - $50,000
Tax Credits No
Short Term Solvency
Fiscal Year201220112010
Current Ratio: Current Assets/Current Liabilities------
Long Term Solvency
Fiscal Year201220112010
Long-Term Liabilities/Total Assets------
Financials Comments
Financial Comments by Organization
Being a start up organization with very little financial resources our organization's most challenging obstacles are finding the resources to keep the doors open.
Financial Comments by Foundation
Organization received its 501c3 letter of determination in 2012 and has not yet filed a IRS Form 990. Profit and loss statement for 2012 reflects zero contributions and expenses of $521.
Nonprofit Compassionate Hearts Financial Services
Address 2605 72nd Avenue East, Suite 583
Ellenton, FL
Phone 941 803-4215