Second Heart Homes Inc
EIN: 841848246 · Bradenton, FL · NTEE: L40
Is Second Heart Homes Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Second Heart Homes Inc
Second Heart Homes Inc (EIN: 841848246) is a nonprofit organization based in Bradenton, FL, classified under NTEE code L40. The organization reported total revenue of $3.0M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Second Heart Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Second Heart Homes Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Second Heart Homes Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Frequently Asked Questions about Second Heart Homes Inc
Is Second Heart Homes Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Second Heart Homes Inc (EIN: 841848246) insufficient data. 0 red flags identified, 0 strengths noted.
How does Second Heart Homes Inc spend its money?
Detailed spending breakdown data is not yet available for Second Heart Homes Inc. Check back for updated IRS 990 analysis.
Are donations to Second Heart Homes Inc tax-deductible?
Second Heart Homes Inc is registered as a tax-exempt nonprofit (EIN: 841848246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Second Heart Homes Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Second Heart Homes Inc's revenue has grown by 19456.7%, moving from $10K to $1.9M. Total assets increased by 22357.7% over the same period, from $14K to $3.2M. Total functional expenses rose by 96320.6%, from $896 to $864K. In its most recent filing year (2023), Second Heart Homes Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $476K in liabilities against $3.2M in assets (debt-to-asset ratio: 14.9%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $864K | $3.2M | $476K | — | — |
| 2022 | $1.3M | $619K | $2.2M | $522K | — | View 990 |
| 2021 | $1.2M | $333K | $1.7M | $730K | — | View 990 |
| 2020 | $316K | $185K | $615K | $475K | — | View 990 |
| 2019 | $10K | $896 | $14K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $864K, and assets of $3.2M (revenue +43.3% year-over-year).
- 2022: Revenue of $1.3M, expenses of $619K, and assets of $2.2M (revenue +13.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $333K, and assets of $1.7M (revenue +267.1% year-over-year).
- 2020: Revenue of $316K, expenses of $185K, and assets of $615K (revenue +3163.3% year-over-year).
- 2019: Revenue of $10K, expenses of $896, and assets of $14K.
Data Sources and Methodology
This transparency report for Second Heart Homes Inc 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.