Biznet Incorporated
- Assets
- $1.6m
- Revenue
- $143.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 05/1994
- Data as of
- 06/2021
- EIN
- 54-1675515
Organization Overview
Biznet Incorporated, operating under the name Hearts And Homes, is located in Norfolk, VA. The organization was established in 1994. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts And Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Hearts And Homes generated $143.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $172.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ADULTS WHO HAVE DEVELOPMENTAL DISABILITIES WITH HOUSING AND DAILY COMMUNITY LIVING OPPORTUNITIES IN SOUTHEASTERN VIRGINIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.
THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Alan Bartel Finance Comm | Officer | $0 | |
Tom Laidlaw Officer | Officer | $0 | |
William R Crosby Jr Treasurer | Officer | 0 | $0 |
Mary Paula Boswell Rules & Memb | Officer | $0 | |
Jay T Lazier PHD President | Officer | $0 | |
Chris Davis Ms Vice Preside | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,600 |
| Total Program Service Revenue | $136,497 |
| Investment income | $4,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $200 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $143,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $8,293 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $847 |
| Fees for services: Other | $17,855 |
| Advertising and promotion | $0 |
| Office expenses | $2,052 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,703 |
| Insurance | $2,205 |
| All other expenses | $0 |
| Total functional expenses | $172,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,252 |
| Savings and temporary cash investments | $171,555 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,482 |
| Net Land, buildings, and equipment | $1,220,414 |
| Investments—publicly traded securities | $210,013 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,627,716 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $313,279 |
| Total liabilities | $313,279 |
| Net assets without donor restrictions | $1,314,437 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,627,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Biznet Incorporated has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Kovar Corporation Woodbridge, VA PURPOSE: TO REPLACE FLOORING IN A GROUP HOME | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charity Global Inc Hagerstown, MD | $173,056,021 | $101,611,139 |
Chimes District Of Columbia Inc Baltimore, MD | $48,959,775 | $100,243,755 |
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Delmarva Community Services Inc Cambridge, MD | $28,890,854 | $21,269,645 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |
Meritan Inc Memphis, TN | $4,688,088 | $16,356,031 |
Hilltoppers Inc Crossville, TN | $11,714,552 | $11,864,400 |