HEARTS FOR HOMES INC

EIN: 812635533 501(c)(3) Housing & Shelter

MT CLEMENS, MI

Total Revenue
$201,279
Total Expenses
$166,453
Total Assets
$69,487
Net Assets
$68,236
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MI
Principal Officer
SAIMA KHALIL
Tax Period
2025-01-01 to 2025-12-31

HEARTS FOR HOMES INC, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $201K in total revenue in fiscal year 2025. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35K, a strong 17% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $140,398

PARTNERING WITH HOMELESS FAMILIES TO PROVIDE ACCESS TO PERMANENT HOUSING, AS WELL AS WITH AT-RISK FAMILIES TO MAINTAIN HOUSING.

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Trantor Score

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

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $171,539
Program Service Revenue $29,740
Investment Income $0
Other Revenue $0
TOTAL REVENUE $201,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $102,585
Fundraising Expenses $0
Program Expenses $140,398
Other Expenses $63,868
TOTAL EXPENSES $166,453

Year-over-Year Comparison

2025 2024 Change
Revenue $201,279 $131,348 +0.5%
Expenses $166,453 $155,445 +0.1%
Net Income $34,826 $-24,097 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
2
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
4
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAIMA KHALIL PRESIDENT 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 VICE PRESIDE N/A
Officer
$0 $0 $0
ANNA PALAZZOLO 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
2025 $201,279 $166,453 $69,487 $34,826
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
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