Hearts For Homes
Hearts For Homes shows consistent growth and zero executive compensation over the past decade.
EIN: 204637974 · Denton, TX · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $839K |
| Total Expenses | $577K |
| Program Spending | 90% |
| Net Assets | $534K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Hearts For Homes Form 990, Revenue, CEO Pay, and IRS Filing Signals
Hearts For Homes is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hearts For Homes in one place.
Form 990 Filing Summary
16 filing years are available, with latest revenue of $689K and expenses of $577K.
Revenue and Expenses
Hearts For Homes reported $689K in revenue and $577K in expenses, a surplus of $112K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Hearts For Homes Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $519K (90%) |
Across stored filings, Hearts For Homes shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 16 stored filing years |
| Peer context | Compare with At&T Corp Management & Nonrepresent Employees Postretirement Welfare | Texas and Human Services context |
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Hearts For Homes directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hearts For Homes
Hearts For Homes (EIN: 204637974) is a nonprofit organization based in Denton, TX, classified under NTEE code P20. The organization reported total revenue of $839K and total assets of $684K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hearts For Homes's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hearts For Homes is a small nonprofit that has been operating for 12 years, with 16 years of IRS 990 filings on record (2008–2023). Revenue has grown at a compound annual rate of 11.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $689K |
| Total Expenses | $577K |
| Surplus / Deficit | +$112K |
| Total Assets | $615K |
| Total Liabilities | $81K |
| Net Assets | $534K |
| Operating Margin | 16.3% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 12.8 months |
Financial Health Grade: A
In 2023, Hearts For Homes reported a surplus of $112K with revenue exceeding expenses, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 16 years of filings (2008–2023), Hearts For Homes's revenue has grown at a compound annual growth rate (CAGR) of 11.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.0% | +37.6% | +16.8% |
| 2022 | +4.5% | +15.4% | +34.3% |
| 2021 | +21.7% | +1.1% | +22.9% |
| 2020 | -4.1% | -4.0% | +1.9% |
| 2019 | +19.8% | +17.6% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hearts For Homes with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Hearts For Homes allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Executive Compensation Analysis
Hearts For Homes consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly unusual for an organization of its size and growth, suggesting a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Hearts For Homes's IRS 990 filings:
- Lack of detail on program spending breakdown within the provided data
- Unusually low administrative expenses could indicate under-reporting or reliance on in-kind support not fully captured.
Strengths
The following positive indicators were identified for Hearts For Homes:
- Consistent revenue and asset growth over a decade, indicating strong financial health.
- 0% reported officer compensation, demonstrating a high commitment to program efficiency.
- Low liabilities relative to assets, suggesting sound financial management.
- Positive net income in most years, allowing for asset accumulation and future program investment (e.g., 2023: Revenue $689,084 vs. Expenses $576,683).
Frequently Asked Questions about Hearts For Homes
Is Hearts For Homes a legitimate charity?
Hearts For Homes (EIN: 204637974) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 95/100. It has 16 years of IRS 990 filings on record. Total revenue: $839K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Hearts For Homes spend its money?
Hearts For Homes directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hearts For Homes tax-deductible?
Hearts For Homes is registered as a tax-exempt nonprofit (EIN: 204637974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hearts For Homes's spending goes to programs?
Hearts For Homes directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hearts For Homes compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Hearts For Homes is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hearts For Homes located?
Hearts For Homes is headquartered in Denton, Texas and files with the IRS under EIN 204637974. It is classified under NTEE code P20.
How many years of IRS 990 filings does Hearts For Homes have?
Hearts For Homes has 16 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $839K in total revenue.
How does Hearts For Homes manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for leadership roles is covered through other means not categorized as 'officer compensation' on the 990 form, such as through a related entity or as general staff salaries if officers also hold other roles.
What is the primary driver of Hearts For Homes' revenue growth?
While the specific sources are not detailed in the provided data, the consistent increase in revenue from $154,627 in 2014 to $689,084 in 2023 suggests successful fundraising efforts, increasing donor support, or expanding program services that attract more funding.
Is the organization's asset growth sustainable?
Hearts For Homes has shown steady asset growth from $133,420 in 2014 to $615,001 in 2023. This growth, coupled with increasing revenue and relatively low liabilities, indicates a sustainable financial trajectory and increasing capacity to support its mission.
Filing History
IRS 990 filing history for Hearts For Homes showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Hearts For Homes's revenue has grown by 438%, moving from $128K to $689K. Total assets increased by 531.5% over the same period, from $97K to $615K. Total functional expenses rose by 653.9%, from $76K to $577K. In its most recent filing year (2023), Hearts For Homes reported a surplus of $112K, with revenue exceeding expenses. The organization holds $81K in liabilities against $615K in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $534K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $689K | $577K | $615K | $81K | — | — |
| 2022 | $459K | $419K | $527K | $105K | — | View 990 |
| 2021 | $440K | $363K | $392K | $11K | — | View 990 |
| 2020 | $361K | $359K | $319K | $14K | — | View 990 |
| 2019 | $376K | $374K | $313K | $10K | — | View 990 |
| 2018 | $314K | $318K | $305K | $4K | — | View 990 |
| 2017 | $266K | $204K | $311K | $6K | — | View 990 |
| 2016 | $261K | $162K | $248K | $5K | — | View 990 |
| 2015 | $189K | $175K | $145K | $516 | — | View 990 |
| 2014 | $155K | $174K | $133K | $3K | — | View 990 |
| 2013 | $134K | $151K | $147K | $4K | — | View 990 |
| 2012 | $141K | $129K | $163K | $4K | — | View 990 |
| 2011 | $120K | $113K | $152K | $4K | — | View 990 |
| 2010 | $126K | $96K | $145K | $4K | — | View 990 |
| 2009 | $95K | $78K | $115K | $4K | — | View 990 |
| 2008 | $128K | $76K | $97K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $689K, expenses of $577K, and assets of $615K (revenue +50.0% year-over-year).
- 2022: Revenue of $459K, expenses of $419K, and assets of $527K (revenue +4.5% year-over-year).
- 2021: Revenue of $440K, expenses of $363K, and assets of $392K (revenue +21.7% year-over-year).
- 2020: Revenue of $361K, expenses of $359K, and assets of $319K (revenue -4.1% year-over-year).
- 2019: Revenue of $376K, expenses of $374K, and assets of $313K (revenue +19.8% year-over-year).
- 2018: Revenue of $314K, expenses of $318K, and assets of $305K (revenue +18.4% year-over-year).
- 2017: Revenue of $266K, expenses of $204K, and assets of $311K (revenue +1.8% year-over-year).
- 2016: Revenue of $261K, expenses of $162K, and assets of $248K (revenue +38.4% year-over-year).
- 2015: Revenue of $189K, expenses of $175K, and assets of $145K (revenue +21.9% year-over-year).
- 2014: Revenue of $155K, expenses of $174K, and assets of $133K (revenue +15.2% year-over-year).
- 2013: Revenue of $134K, expenses of $151K, and assets of $147K (revenue -4.7% year-over-year).
- 2012: Revenue of $141K, expenses of $129K, and assets of $163K (revenue +17.7% year-over-year).
- 2011: Revenue of $120K, expenses of $113K, and assets of $152K (revenue -5.0% year-over-year).
- 2010: Revenue of $126K, expenses of $96K, and assets of $145K (revenue +32.3% year-over-year).
- 2009: Revenue of $95K, expenses of $78K, and assets of $115K (revenue -25.6% year-over-year).
- 2008: Revenue of $128K, expenses of $76K, and assets of $97K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hearts For Homes:
Data Sources and Methodology
This transparency report for Hearts For Homes is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.