Hearts Desire
- Assets
- $668.4k
- Revenue
- $274.2k
- Investments
- $0.0
- Employees
- 20
- Location
- Lovington, NM
- Founding
- 01/2007
- Data as of
- 12/2021
- EIN
- 76-0803856
Organization Overview
Hearts Desire is located in Lovington, NM. The organization was established in 2007. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Hearts Desire employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts Desire 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 12/2021, Hearts Desire generated $274.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $300.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 years. 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
TO PROVIDE BIBLICAL SOLUTIONS TO LIFE CONTROLLING ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTS DESIRE INC. WAS FOUNDED IN 2005 WITH THE FUTURE (PHASE 3) DESIRE OF BUILDING A WOMEN AND CHILDREN'S HOME. HDI HAS COMPLETED PHASE 1 WHICH HAS BEEN TO FINISH PAYING OFF THE DEBT OF TWO LARGE THRIFT STORES THAT HELP TO FUND SUPPORT GROUP PROGRAMS. HDI ENDEAVORS TO PROVIDE BIBILICAL SOLUTIONS TO THOSE WITH LIFE-CONTROLLING ISSUES. HDI WILL ACCOMPLISH THESE GOALS BY: PROVIDING GROWTH FOR THOSE WITH DRUG AND ALCOHOL ADDICTIONS THROUGH VARIOUS SUPPORT GROUPS AND PROVIDE AID BASED ON INDIVIDUAL NEED. HDI PROVIDES PHYSICAL HELP FOR INDIVIDUALS IN RECOVERY BY PLACEMENT INTO REHAB FACILITIES CLOSE BY, FEEDING THE HUNGRY, CLOTHING AND PROVIDING HOUSEHOLD ITESM FOR THE POOR. HDI PARTNERS WITH THE UNITED WAY OF LEA COUNTY AS WELL AS SEVERAL OTHER AGENCIES TO OFFER HELP OUTSIDE OF OUR DESIGNATED PURPOSE. HDI IS CURRENTLY (2015) IN THE INITIAL DESIGN AND PLANNING STAGE FOR A NEW PROGRAM CENTER (PHASE 2) TO BROADEN THE ABILITY TO HELP THOSE IN RECOVERY. HDI OWNS PROPERTY FOR THE FUTURE USEAGE OF A PLANNED RECOVERY HOME FOR WOMEN AND CHILDREN (PHASE 3).
TO PROVIDE BIBLICAL SOLUTIONS TO LIFE CONTROLLING ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stewart President | Officer | $0 | |
Kim Reeder Treasurer | Officer | $0 | |
Bobbie Jameson Vice Preside | Officer | $0 | |
Becky Hill Director | Trustee | $0 | |
Jeanine Graham Director | Trustee | $0 | |
Rhonda Phillips Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $274,185 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $274,185 |
| 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 | $150,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $12,377 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,990 |
| Office expenses | $2,374 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,881 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,101 |
| Insurance | $26,133 |
| All other expenses | $9,068 |
| Total functional expenses | $300,137 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,518 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $629,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $668,370 |
| Accounts payable and accrued expenses | $411 |
| 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 | $32,500 |
| Other liabilities | $10,821 |
| Total liabilities | $43,732 |
| Net assets without donor restrictions | $0 |
| 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 | $624,638 |
| Total liabilities and net assets/fund balances | $668,370 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hearts Desire has recieved totaling $35,788.
| Awarding Organization | Amount |
|---|---|
United Way Of Lea County Inc Hobbs, NM PURPOSE: GENERAL SUPPORT | $35,778 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Del Norte Neighborhood Development Corporation Denver, CO | $34,154,860 | $3,468,317 |
Habitat For Humanity International Inc Durango, CO | $4,364,928 | $1,729,163 |
Habitat For Humanity International Inc Sugar Land, TX | $2,901,957 | $1,388,632 |
Denton Affordable Housing Corporation Denton, TX | $4,539,728 | $959,680 |
Boulder Housing Coalition Boulder, CO | $4,706,704 | $707,293 |
Mother Marys Sober Home Inc Littleton, CO | $19,442 | $502,925 |
Mercy Bond Properties Colorado I Denver, CO | $2,483,916 | $591,327 |
Plano Community Home Phase V Inc Plano, TX | $1,013,736 | $408,923 |
Aurora Housing Corporation Denver, CO | $12,062,943 | $724,944 |
Rebuilding Together Greater Dallas Inc Plano, TX | $317,052 | $550,548 |
Highland Lakes Crisis Network Marble Falls, TX | $339,722 | $383,416 |