New Heart Fellowship Inc.
How we got $2.7M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
New Heart Fellowship is an Anabaptist Mennonite church in Southaven, MS that welcomes all people to worship, with Sunday worship, mid-week Bible study, and community outreach.
From the company's website. Industry: Lessors of Nonresidential Buildings (except Miniwarehouses).
Estimated value over time
▲ 14% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NEW HEART FELLOWSHIP INC. this business | $3.1M | — |
| 5 HILLS INC Broken Arrow · 9 employees | $3.9M | 1.1 mi |
| LYNN LANE SELF STORAGE, L.L.C. Broken Arrow · 2 employees | $1.5M | 1.4 mi |
| Evans Road Boat & RV Broken Arrow | $1.7M | 2.0 mi |
| Holman Mini Storage Broken Arrow | $1.7M | 2.1 mi |
| Amazon Locker - Narcisa Broken Arrow | $1.7M | 2.2 mi |
| CoachPort Indoor RV Storage Broken Arrow | $1.7M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.1M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 29% |
| EBITDA = revenue × margin | $890K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.7M |
| Multiple for this size and industry | 3× |
| Value range | $1.4M – $3.7M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $586K – $1.0M |
| Industry (NAICS) | Lessors of Nonresidential Buildings (except Miniwarehouses) (531120) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Services began after the Leland Mast family, members of Faith Mennonite Fellowship in Crawford, Mississippi, moved to Southaven to work with Choice Books.”
Leadership
- SMStan MillerPastor · Company website · source
- LMLeland MastFamily member who began services in the church plant · Company website · source
Advisors
- BankingAVB BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| AVB Bank PPP 2020 | All 309 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $45K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About New Heart Fellowship Inc.
New Heart Fellowship Inc. is a lessors of nonresidential buildings (except miniwarehouses) company in Broken Arrow, Oklahoma, in business since 2010. Its estimated annual revenue is about $3.1M, with roughly $890K of EBITDA. It has about 6 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.7M).
Common questions
- Who owns New Heart Fellowship Inc.?
- The owner of New Heart Fellowship Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does New Heart Fellowship Inc. make?
- SeeBITDA estimates New Heart Fellowship Inc.'s annual revenue at about $3.1M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Heart Fellowship Inc. worth?
- About $2.7M, roughly 3× its estimated EBITDA of $890K, typical for a lessors of nonresidential buildings (except miniwarehouses) company its size. Likely range: $1.4M–$3.7M.
- How many employees does New Heart Fellowship Inc. have?
- About 6, as reported on its PPP loan.
- When was New Heart Fellowship Inc. founded?
- New Heart Fellowship Inc. has been in business since 2010.