Second Heart Homes Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Sarasota, FL
- Founding
- 10/2019
- Data as of
- 12/2021
- EIN
- 84-1848246
Organization Overview
Second Heart Homes Inc is located in Sarasota, FL. The organization was established in 2019. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Second Heart Homes Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Heart 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, Second Heart Homes Inc generated $1.2m in total revenue. All expenses for the organization totaled $333.2k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE DIGNITY AND INDEPENDENCE TO THE HOMELESS AND MENTAL HEALTH POPULATION THROUGH HOUSING WITH SUPPORTIVE SERVIES. PROVIDE SERVICES THAT ENHANCE THE QUALITY OF LIKE THROUGH EWELLNESS CHECKS AND TARGET SKILL BUILING RELATED TO JOB-SEEKING, COOKING, CLEANING, ART INSTRUCITON AND COMMUNITY ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SECOND HEART PROGRAM SERVES THE HOMELESS AND MENTAL HEALTH POPULATION BY COMBINING HOUSING WITH SUPPORT TO IMPROVE SKILL SETS AND FOSTER SELF- SUFFICIENCY WHILE ENHANCING QUALITY OF LIFE. DAILY TARGETED CASE MANAGEMENT, MENTORSHIP, WORKSHOPS AND ART ARE INTEGRATED TO PROMOTE INDEPENDENCE. SECOND HEART HOMES WAS ABLE TO EXPAND ITS PROGRAM TO SERVE 12 WOMEN IN 2021 THROUGH THE PURCHASE OF 2 ADDITIONAL PROPERTIES. AT LEAST 15 CLIENTS HAVE MOVED INTO PERMANENT HOUSING WHILE 11 CLIENTS ARE STILL IN THE PROGRAM DUE TO NEEDING LONGER SUPPORT. 10 OF OUR CLIENTS WERE ABLE TO GRADUATE A DUAL MENTAL HEALTH JAIL DIVERSION PROGRAM AND THERE HAS BEEN A SIGNIFICANT DECREASE IN ARRESTS, HOSPITALIZATIONS, PANHANDLING AND HIGH RESOURCE USE.
OUR SECOND HEART PROGRAM COMBINES HOUSING WITH SUPPORTIVE SERVICES TO ENGAGE CLIENTS IN NEW SKILL SETS TO ENHANCE INDEPENDENCE AND QUALITY OF LIKE THROUGH TARGETED DAILY CASE MANAGEMENT, WORKSHOPS, HOUSING, AND MENTORSHIP. SEVERAL OF OUR CLIENTS HAVE GAINED EMPLOYEMENT. WE HAVE HAD 10CLIENTS GRADUATE A JAIL DIVERSION PROGRAM FOR THOSE WITH MENTAL ILLNESS. OUR CLIENTS ARE LEARNING AND UTILITZING SKILLS THAT WE HAVE TAUGHT THEM TO ACCOMPLISH PERSONAL AND LARGER GOALS RELATED TO INDEPENDENCE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Howell Executive Di | OfficerTrustee | 60 | $75,107 |
Kurt Bonner Director | Trustee | 1 | $0 |
Jim Doyle Director | Trustee | 1 | $0 |
David Lyons Director | Trustee | 1 | $0 |
Thomas Tryon Director | Trustee | 2 | $0 |
Leslie Travis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $980,821 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $980,821 |
| Total Program Service Revenue | $178,821 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,159,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,107 |
| Compensation of current officers, directors, key employees. | $22,532 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $44,912 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,974 |
| Payroll taxes | $11,698 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,846 |
| Advertising and promotion | $4,898 |
| Office expenses | $75 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,103 |
| Travel | $3,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,155 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,919 |
| Insurance | $16,100 |
| All other expenses | $19,033 |
| Total functional expenses | $333,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465 |
| Savings and temporary cash investments | $341,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,202 |
| Net Land, buildings, and equipment | $1,339,565 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,838 |
| Total assets | $1,699,598 |
| Accounts payable and accrued expenses | $2,961 |
| Grants payable | $0 |
| Deferred revenue | $871 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $577,000 |
| Secured mortgages and notes payable | $149,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $730,252 |
| Net assets without donor restrictions | $969,346 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,699,598 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Second Heart Homes Inc has recieved totaling $5,300.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $5,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Transition House Of Washington Inc Saint Cloud, FL | $1,607,581 | $3,946,761 |
Crossing The Jordan Foundation Inc Weston, FL | $358,334 | $2,743,535 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
Brevard Rescue Mission Inc Melbourne, FL | $6,793,930 | $3,069,601 |
Housing First Steps Forward Inc Tampa, FL | $8,179,447 | $2,637,616 |
Priority Veteran Inc Birmingham, AL | $238,389 | $1,195,144 |
Pinnacle Residential Centre, AL | $768,481 | $1,360,249 |
Rural Neighborhoods Incorporated Florida City, FL | $18,996,790 | $4,207,374 |
Five S T A R Veterans Center Inc Jacksonville, FL | $1,547,656 | $888,650 |