Homes For Hearts
- Assets
- $224.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- Data as of
- 07/2024
- EIN
- 85-2299402
Organization Overview
Homes For Hearts is located in Memphis, TN. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes For Hearts 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 07/2024, Homes For Hearts generated $56.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (32.9%) each year. All expenses for the organization totaled $36.8k during the year ending 07/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
BUILD SINGLE-FAMILY TINY HOMES THROUGHOUT MEMPHIS AREA AND PARTNER WITH SUPPORTIVE SERVICES TO OFFER HOMELESS A PATH TOWARD HOMEOWNERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lolita Crittendon 1 - Chair | 2 | $0 | |
Daniel Irwin 2 - Vice Chair | 2 | $0 | |
Deidre Chatman 3 - Secretary | 2 | $0 | |
Chris Smith 4 - Treasurer | 2 | $0 | |
Zachary Waters 5 - Executive Director | 40 | $3,600 | |
Luke Waters 6 - Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,453 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,330 |
| Investment income | $1,107 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,290 |
| Total Revenue | $56,180 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,940 |
| Professional fees and other payments to independent contractors | $561 |
| Occupancy, rent, utilities, and maintenance | $15,036 |
| Printing, publications, postage, and shipping | $58 |
| Other expenses | $17,190 |
| Total expenses | $36,785 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $71,090 |
| Other assets | $0 |
| Total assets | $224,725 |
| Total liabilities | $0 |
| Net assets or fund balances | $224,725 |