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

$839KRevenue

$684KAssets

95/100Mission Score (Excellent)

P20

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.

AI Transparency Report

Hearts For Homes demonstrates a consistent pattern of growth in revenue and assets over the past decade, indicating increasing capacity to serve its mission. For example, revenue grew from $154,627 in 2014 to $689,084 in 2023, and assets increased from $133,420 to $615,001 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial efficiency and a commitment to directing funds towards programs rather than executive salaries. This practice enhances donor confidence and suggests a volunteer-driven or very lean leadership structure. The organization's liabilities have remained relatively low compared to its assets, with the highest reported in 2022 at $104,578 against $526,584 in assets, suggesting sound financial management and limited reliance on debt. Overall, Hearts For Homes appears to be a financially healthy and efficiently managed nonprofit.

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.

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

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.	PDF
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.

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.