Second Heart Homes Inc
- Assets
- $3.2m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Sarasota, FL
- Founding
- 10/2019
- Data as of
- 12/2023
- 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 12/2023, Second Heart Homes Inc employed 10 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 12/2023, Second Heart Homes Inc generated $1.9m in total revenue. All expenses for the organization totaled $863.9k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REVIVE THE DIGNITY OF HOMELESS ADULTS WITH MENTAL ILLNESSES THROUGH HOUSING, SUPPORT, AND LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SECOND HEART HOMES' PROGRAM PROVIDES HOUSING WITH SUPPORTIVE SOCIAL SERVICES THROUGH CASE MANAGEMENT TO HOMELESS SINGLE ADULTS WITH MENTAL ILLNESSES SO THEY HAVE A PLACE TO LIVE AND REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Howell Executive Di | OfficerTrustee | 40 | $70,106 |
Claudia Barnett Director | Trustee | 1 | $0 |
Cheri Coryea Director | Trustee | 1 | $0 |
James Cox Director | Trustee | 1 | $0 |
Jim Doyle Director | Trustee | 1 | $0 |
David Lyons 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 | $1,441,970 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,441,970 |
| Total Program Service Revenue | $377,870 |
| Investment income | $15,287 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,893,085 |
| 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. | $70,106 |
| Compensation of current officers, directors, key employees. | $21,032 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $255,790 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,295 |
| Payroll taxes | $26,109 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,352 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,698 |
| Advertising and promotion | $8,547 |
| Office expenses | $47 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,719 |
| Travel | $17,498 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,660 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,864 |
| Insurance | $28,622 |
| All other expenses | $47,044 |
| Total functional expenses | $863,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,176 |
| Savings and temporary cash investments | $189,404 |
| Pledges and grants receivable | $25,208 |
| 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 | $14,571 |
| Net Land, buildings, and equipment | $2,818,821 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,085 |
| Other assets | $105,365 |
| Total assets | $3,196,630 |
| Accounts payable and accrued expenses | $20,236 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $201,666 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $156,667 |
| Other liabilities | $97,054 |
| Total liabilities | $475,623 |
| Net assets without donor restrictions | $2,651,882 |
| Net assets with donor restrictions | $69,125 |
| 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 | $3,196,630 |