HEARTS FOR HOMES INC (EIN 812635533) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

LARRY IRELAND

Tax Period

2024-01-01 to 2024-12-31

HEARTS FOR HOMES INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $155K exceeded revenue, resulting in a 18% operating deficit.

Mission

AFFORDABLE HOUSING PARTNERSHIP PROGRAM, WHICH ALLOWS HOMELESS FAMILIES ACCESS TO PERMANENT HOUSING, AS WELL AS AT-RISK FAMILIES IN MAINTAINING HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $79,984

Program Service Revenue $51,364

Investment Income $0

Other Revenue $0

TOTAL REVENUE $131,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,375

Fundraising Expenses $0

Program Expenses $133,199

Other Expenses $44,070

TOTAL EXPENSES $155,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,348	$96,226	+0.4%
Expenses	$155,445	$177,420	-0.1%
Net Income	$-24,097	$-81,194	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY IRELAND	PRESIDENT	N/A	Officer	$0	$0	$0
SAIMA KHALIL	VICE PRESIDE	N/A	Officer	$0	$0	$0
TOM STOTZ	SECRETARY	N/A	Officer	$0	$0	$0
JENNIFER MICHAEL	TREASURER	N/A	Officer	$0	$0	$0
JACK MOY	BOARD MEMBER	N/A	Director	$0	$0	$0
SHARON MOY	BOARD MEMBER	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$131,348	$155,445	$36,519	$-24,097
2023	$96,226	$177,420	$59,016	$-81,194
2022	$235,982	$129,450	$140,091	$106,532

HEARTS FOR HOMES INC