Hearts For Homes Inc
- Assets
- $33.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Clemens, MI
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-2635533
Organization Overview
Hearts For Homes Inc is located in Mount Clemens, MI. The organization was established in 2017. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts For Homes Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hearts For Homes Inc generated $79.2k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $78.2k during the year ending 12/2021. While expenses have increased by 14.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AFFORDABLE HOUSING PARTNERSHIP PROGRAM, WHICH ALLOWSHOMELESS FAMILIES ACCESS TO PERMANENT HOUSING, AS WELL ASASSIST AT-RISK FAMILIES IN MAINTAINING HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Cannon Jr President/ceo | 20 | $26,000 | |
Sandi Atkins Board Member | 0.5 | $2,080 | |
Lew Stier Chairperson | 4 | $0 | |
Keith Carlson Board Member | 0.5 | $0 | |
Nora Swoveland Treasurer | 2 | $0 | |
Tom Stotz Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,063 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,124 |
| Other Revenue | $0 |
| Total Revenue | $79,187 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $26,000 |
| Professional fees and other payments to independent contractors | $150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,078 |
| Total expenses | $78,228 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,902 |
| Other assets | $0 |
| Total assets | $33,223 |
| Total liabilities | $1,052 |
| Net assets or fund balances | $32,171 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hearts For Homes Inc has recieved totaling $41.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $41 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Mht Housing Inc Bingham Farms, MI | $103,750,395 | $19,352,676 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Saints Incorporated Wayne, MI | $4,505,745 | $8,843,014 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |
Homes Of Opportunity Incorporated Grand Rapids, MI | $1,211,913 | $7,041,682 |
Habitat For Humanity International Inc Menasha, WI | $15,348,102 | $7,467,447 |