Hearts for Homes

Tax-deductible

Denton, TX501(c)(3)Human ServicesEIN 20-4637974Revenue $839K in FY2024

On file with the IRSheartsforhomes.org826 E McKinney St, 76209-4308 · Denton, TXTax-exempt since Jul 2014Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Hearts for Homes is to improve the living conditions of low-income senior homeowners in Denton County. Hearts for Homes is a nonprofit Christian outreach providing hope and dignity through home rehabilitation, affording low-income seniors, ages 60 and older, a safe, comfortable, and well-functioning home.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Run by 200 volunteers and 5 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $67K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$57K
to officers and key staff · 8% of spending
Top officer’s pay lower than 54% of similar orgs
Looks good: pay to officers and key staff is 8% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $90K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$47K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$839K
+22% vs prior year
Spent
$737K
To programs
83%
Net assets
$637K
By yearFY2020–FY2024
Revenue
$839K
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$361K
FY2021$440K
FY2022$459K
FY2023$689K
FY2024$839K
Expenses
$737K
FY2024▲ +28%
Tap a bar for its year
Expenses by fiscal year
FY2020$359K
FY2021$363K
FY2022$419K
FY2023$577K
FY2024$737K
Net assets
$637K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$305K
FY2021$382K
FY2022$422K
FY2023$534K
FY2024$637K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Exemption reinstated (2010-06-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $610K Management & general 8% · $58K Fundraising 9% · $69K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $57K paid to officers and key staff.

Part VII, Section A · reportable compensation
$56,975Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Susan Frank’s $57K as CEO is at the 46th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Susan Frank$56,975$57,167———
Susan Franck——$53,265$46,300$45,792

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hearts for Homes executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Rehabilitates homes for low-income senior homeowners, ensuring safety and comfort.

Provided by the organization

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1 program · $610K · in their own filed words · FY2024
01

The mission of Hearts for Homes is to improve the living conditions of low-income senior homeowners in Denton County. Hearts for Homes is a nonprofit Christian outreach providing hope and dignity through home rehabilitation, affording low-income seniors, ages 60 and older, a safe, comfortable, and well-functioning home.

$610Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$839K
Ln 12
Gifts and grantsLn 1h$828K
Investment incomeLn 3$11K
Money outPt IX
$737K
Ln 25
Programscol B$610K
Managementcol C$58K
Fundraisingcol D$69K
Owns and owesPt X
$637K
net assets · Ln 32
Cash and savingsLn 1–2$597K
Total assetsLn 16$684K
LiabilitiesLn 26$47K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$828K
Government grantsLn 1e$0
Noncash giftsLn 1g$134K
Fundraising eventsLn 1c$0
Investment incomeLn 3$11K
Gains on assetsLn 7$4K
Total revenueLn 12$839K
Assets in detailPt X, end of year
CashLn 1$319K
SavingsLn 2$278K
Cash and savings togetherLn 1–2$597K
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$49K
Total assetsLn 16$684K
LiabilitiesLn 26$47K
Net assetsLn 32$637K
OperationsPt I, VI
EmployeesI 55
VolunteersI 6200
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$496K$597K
Land, buildings, equipmentLn 10c$24K$20K
Total assetsLn 16$615K$684K
LiabilitiesLn 26$81K$47K
Net assetsLn 32$534K$637K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$57K$28K$14K$14K
Other salaries and wagesLn 7$113K$86K$8K$18K
Pension plan contributionsLn 8$0
Payroll taxesLn 10$13K$9K$2K$3K
Accounting feesLn 11c$7K$0$7K$0
Professional fundraising feesLn 11e$0
Other fees for servicesLn 11g$34K$6K$28K
Advertising and promotionLn 12$893$0$0$893
Office expensesLn 13$12K$9K$2K$0
OccupancyLn 16$54K$48K$6K$0
Depreciation, depletion and amortizationLn 22$11K$7K$4K$0
InsuranceLn 23$20K$18K$2K$0
Other expenses (24a–d)Ln 24$416K$406K$6K$5K
Total functional expensesLn 25$737K$610K$58K$69K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $839K$737K$102K$637K 990 PDF
FY2023 $689K$577K$112K$534K 990 PDF
FY2022 $459K$419K$41K$422K 990 PDF
FY2021 $440K$363K$76K$382K 990 PDF
FY2020 $361K$359K$2K$305K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $839,396 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $688,611$828,029
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $473$11,367
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $689,084$839,396
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $164,422$182,652
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $412,261$554,309
I-18 Total expensesPrior year $576,683$736,961
I-19 Revenue less expensesPrior year $112,401$102,435
Part VI · Governance 9 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $839,396 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$828,029
VIII-1g Noncash contributions (included above)$133,518
VIII-1h Total contributions, gifts and grants$828,029
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $7,767$7,767
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $3,600$3,600
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,367$839,396
Part IX · Statement of functional expenses $736,961 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,488 · Management $14,244 · Fundraising $14,243$56,975
IX-7 Other salaries and wagesPrograms $85,998 · Management $8,125 · Fundraising $18,432$112,555
IX-8 Pension plan contributions$0
IX-10 Payroll taxesPrograms $8,862 · Management $1,731 · Fundraising $2,529$13,122
IX-11c Accounting feesPrograms $0 · Management $6,800 · Fundraising $0$6,800
IX-11e Professional fundraising fees$0
IX-11g Other fees for servicesManagement $6,462 · Fundraising $27,594$34,056
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $893$893
IX-13 Office expensesPrograms $9,402 · Management $2,350 · Fundraising $0$11,752
IX-16 OccupancyPrograms $47,809 · Management $5,909 · Fundraising $0$53,718
IX-22 Depreciation, depletion and amortizationPrograms $6,671 · Management $4,110 · Fundraising $0$10,781
IX-23 InsurancePrograms $17,646 · Management $2,181 · Fundraising $0$19,827
IX-24 Other expenses (24a–d)Programs $405,529 · Management $5,986 · Fundraising $4,967$416,482
IX-25 Total functional expensesPrograms $610,405 · Management $57,898 · Fundraising $68,658$736,961
Part X · Balance sheet $683,590 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $169,693$318,914
X-2 Savings and temporary cash investmentsStart of year $326,148$278,080
X-8 Inventories for sale or useStart of year $12,788$13,750
X-9 Prepaid expenses and deferred chargesStart of year $4,587$4,089
X-10c Land, buildings and equipment, netStart of year $23,870$20,093
X-15 Other assetsStart of year $77,915$48,664
X-16 Total assetsStart of year $615,001$683,590
X-17 Accounts payable and accrued expensesStart of year $8,679$4,084
X-25 Other liabilitiesStart of year $71,915$42,664
X-26 Total liabilitiesStart of year $80,594$46,748
X-27 Net assets without donor restrictionsStart of year $478,545$556,842
X-28 Net assets with donor restrictionsStart of year $55,862$80,000
X-32 Total net assets or fund balancesStart of year $534,407$636,842
X-33 Total liabilities and net assetsStart of year $615,001$683,590
Part XI · Reconciliation of net assets $636,842 net assets at year end
XI-1 Total revenue$839,396
XI-2 Total expenses$736,961
XI-3 Revenue less expenses$102,435
XI-4 Net assets at start of year$534,407
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$636,842

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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