Second Heart Homes INC FY2020 filing

Tax-deductible

Bradenton, FL501(c)(3)Since 2019HousingEIN 84-1848246

This page gets seen. Tell your story. Claim this org.

The mission of Second Heart Homes is to revive the dignity of homeless adults with mental illnesses through housing, support, and love.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $952K a year · 54% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
27
named funders · $2.1M
Looks good: 27 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$475K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$316K
Spent
$185K
To programs
77%
Net assets
$140K
By yearFY2020–FY2025
Revenue
$316K
FY2020
Revenue by fiscal year
FY2020$316K
FY2021$1.2M
FY2022$1.3M
FY2023$1.9M
FY2024$3.0M
FY2025$3.0M
Expenses
$185K
FY2020
Expenses by fiscal year
FY2020$185K
FY2021$333K
FY2022$619K
FY2023$864K
FY2024$1.2M
FY2025$1.7M
Net assets
$140K
FY2020
Net assets by fiscal year
FY2020$140K
FY2021$969K
FY2022$1.7M
FY2023$2.7M
FY2024$4.5M
FY2025$5.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2019.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $141K Management & general 14% · $26K Fundraising 9% · $17K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

9 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/ Secr
$40,985Pt VII · Sec A
Officer/ Vice President
$9,244Pt VII · Sec A
Employee
$6,190Pt VII · Sec A
$5,405Pt VII · Sec A
Director/ Chair
$0Pt VII · Sec A
Director/Treasu
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Megan Howell’s $131K as Executive Di is at the 60th percentile of top reported officer pay among 2036 $1–10M housing 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Megan Howell$131,310$100,000$70,106$65,018$75,107$40,985
Barbara Raskowski—————$9,244
Adam Rudolph—————$6,190
Maya Mitchell—————$5,405

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 Second Heart Homes INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing and support services to help homeless and mentally ill individuals regain independence and improve their lives.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $141K · in their own filed words · FY2020
01

Our Second Heart Program combines housing with supportive services to engage clients in new skill sets to enhance independence and quality of life through targeted, daily case management, workshops, housing, and mentorship. Several of our clients have gained employment.

$141Kprogram 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 27 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$316K
Ln 12
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$120K
Investment incomeLn 3$1
Money outPt IX
$185K
Ln 25
Programscol B$141K
Managementcol C$26K
Fundraisingcol D$17K
Owns and owesPt X
$140K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$615K
LiabilitiesLn 26$475K
PeoplePt VI, VII
9
listed · VII A
PaidVII A4
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$120K
Investment incomeLn 3$1
Gains on assetsLn 7$0
Total revenueLn 12$316K
Assets in detailPt X, end of year
CashLn 1$458
SavingsLn 2$113K
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$21K
Land, buildings, equipmentLn 10c$476K
Other assetsLn 15$813
Total assetsLn 16$615K
LiabilitiesLn 26$475K
Net assetsLn 32$140K
OperationsPt I, VI
EmployeesI 516
VolunteersI 6146
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$12K$113K
InvestmentsLn 11–13$21K
Land, buildings, equipmentLn 10c$476K
Total assetsLn 16$14K$615K
LiabilitiesLn 26$5K$475K
Net assetsLn 32$9K$140K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$100$100
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$41K$29K$6K$6K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$22K$15K$3K$3K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$13K$9K$2K$2K
Payroll taxesLn 10$5K$3K$720$720
Management feesLn 11a$1K$176$820$176
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$7K$1K$5K$1K
Office expensesLn 13$12K$8K$2K$2K
Information technologyLn 14$2K$2K$345$345
RoyaltiesLn 15$0
OccupancyLn 16$46K$46K
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$530$530
InterestLn 20$8K$8K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$10K$7K$1K$1K
Other expenses (24a–d)Ln 24$6K$5K$1K
All other expensesLn 24e$0
Total functional expensesLn 25$185K$141K$26K$17K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $3.0M$1.7M$1.3M$5.8M 990 PDF
FY2024 $3.0M$1.2M$1.8M$4.5M 990 PDF
FY2023 $1.9M$864K$1.0M$2.7M 990 PDF
FY2022 $1.3M$619K$702K$1.7M 990 PDF
FY2021 $1.2M$333K$826K$969K 990 PDF
FY2020 Viewing $316K$185K$131K$140K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $315,883 across 9 lines filed
VIII-1f All other contributions, gifts and grants$185,138
VIII-1h Total contributions, gifts and grants$195,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $120,018$120,018
VIII-3 Investment incomeRelated to mission $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $120,019$315,883
Part IX · Statement of functional expenses $184,528 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individualsPrograms $100$100
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $28,690 · Management $6,147 · Fundraising $6,148$40,985
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $15,209 · Management $3,259 · Fundraising $3,259$21,727
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $8,913 · Management $1,910 · Fundraising $1,910$12,733
IX-10 Payroll taxesPrograms $3,359 · Management $720 · Fundraising $720$4,799
IX-11a Management feesPrograms $176 · Management $820 · Fundraising $176$1,172
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,492$3,492
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $1,055 · Management $4,922 · Fundraising $1,055$7,032
IX-13 Office expensesPrograms $8,173 · Management $1,751 · Fundraising $1,751$11,675
IX-14 Information technologyPrograms $1,609 · Management $345 · Fundraising $345$2,299
IX-15 Royalties$0
IX-16 OccupancyPrograms $45,753$45,753
IX-17 TravelPrograms $1,805$1,805
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsFundraising $530$530
IX-20 InterestPrograms $8,440$8,440
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $6,149$6,149
IX-23 InsurancePrograms $6,787 · Management $1,455 · Fundraising $1,455$9,697
IX-24 Other expenses (24a–d)Programs $5,000 · Management $1,140$6,140
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $141,218 · Management $25,961 · Fundraising $17,349$184,528
Part X · Balance sheet $614,893 assets, 20 lines filed
X-1 Cash, non-interest-bearing$458
X-2 Savings and temporary cash investmentsStart of year $12,177$112,998
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $834$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $1,223$3,465
X-10c Land, buildings and equipment, net$475,824
X-11 Publicly traded securities$21,335
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$813
X-16 Total assetsStart of year $14,234$614,893
X-17 Accounts payable and accrued expensesStart of year $2,736$2,110
X-19 Deferred revenueStart of year $2,734$2,664
X-26 Total liabilitiesStart of year $5,470$474,774
X-27 Net assets without donor restrictionsStart of year $8,764$8,764
X-28 Net assets with donor restrictions$131,355
X-32 Total net assets or fund balancesStart of year $8,764$140,119
X-33 Total liabilities and net assetsStart of year $14,234$614,893
Part XI · Reconciliation of net assets $140,119 net assets at year end
XI-1 Total revenue$315,883
XI-2 Total expenses$184,528
XI-3 Revenue less expenses$131,355
XI-4 Net assets at start of year$8,764
XI-10 Net assets at end of year$140,119

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.