Second Heart Homes INC FY2022 filing

Tax-deductible

Bradenton, FL501(c)(3)Since 2019HousingEIN 84-1848246Revenue $1.3M in FY2022

On file with the IRSsecondhearthomes.org5190 26th St W Ste A, 34207-2200 · Bradenton, FLTax-exempt since Oct 2019Publicly supported charity — 170(b)(1)(A)(vi)

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.
70¢ of each $1 spent went to programs.
$65K 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

FY2022 · 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
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$65K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.1 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
$522K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+14% vs prior year
Spent
$619K
To programs
70%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$1.3M
FY2022▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$316K
FY2021$1.2M
FY2022$1.3M
FY2023$1.9M
FY2024$3.0M
FY2025$3.0M
Expenses
$619K
FY2022▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020$185K
FY2021$333K
FY2022$619K
FY2023$864K
FY2024$1.2M
FY2025$1.7M
Net assets
$1.7M
FY2022▲ +72%
Tap a bar for its year
Net assets by fiscal year
FY2020$140K
FY2021$969K
FY2022$1.7M
FY2023$2.7M
FY2024$4.5M
FY2025$5.8M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 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

70 cents of each dollar spent went to programs.

Program services 70% · $432K Management & general 23% · $145K Fundraising 7% · $43K

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. Claim this org to fix it.

Who runs it and what they're paid

8 people listed on the 990; $65K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$65,018Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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. Claim this org to fix it.

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
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

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

Questions for Second Heart Homes INC

Tap to ask. Second Heart Homes INC sees how many people are interested.

Your first name shows with your question. Second Heart Homes INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $432K · in their own filed words · FY2022
01

The second heart program provides housing with supportive services to help individuals suffering from homelessness and mental issues off the streets and into loving homes. Case managers of second heart homes provide daily social services to help residents achieve personally identified goals ranging from obtaining legal documents, gaining…

$432Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$300K
Investment incomeLn 3$6K
Money outPt IX
$619K
Ln 25
Programscol B$432K
Managementcol C$145K
Fundraisingcol D$43K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$520K
Total assetsLn 16$2.2M
LiabilitiesLn 26$522K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$300K
Investment incomeLn 3$6K
Other incomeLn 4–11$3K
Gains on assetsLn 7$6K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$247K
SavingsLn 2$273K
Cash and savings togetherLn 1–2$520K
Land, buildings, equipmentLn 10c$1.6M
Other assetsLn 15$6K
Total assetsLn 16$2.2M
LiabilitiesLn 26$522K
Net assetsLn 32$1.7M
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 FY22End FY22
Cash and savingsLn 1–2$342K$520K
Land, buildings, equipmentLn 10c$1.3M$1.6M
Total assetsLn 16$1.7M$2.2M
LiabilitiesLn 26$730K$522K
Net assetsLn 32$969K$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$65K$39K$20K$7K
Other salaries and wagesLn 7$185K$111K$56K$19K
Other employee benefitsLn 9$36K$21K$11K$4K
Payroll taxesLn 10$21K$13K$6K$2K
Accounting feesLn 11c$16K$741$15K$742
Other fees for servicesLn 11g$8K$3K$5K$552
Advertising and promotionLn 12$11K$9K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$33K$30K$3K
TravelLn 17$11K$11K
Conferences, conventions and meetingsLn 19$204$204
InterestLn 20$15K$14K$2K
Depreciation, depletion and amortizationLn 22$44K$40K$4K
InsuranceLn 23$30K$27K$3K
Other expenses (24a–d)Ln 24$112K$108K$2K$2K
All other expensesLn 24e$31K$15K$10K$5K
Total functional expensesLn 25$619K$432K$145K$43K

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 Viewing $1.3M$619K$702K$1.7M 990 PDF
FY2021 $1.2M$333K$826K$969K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $1,321,310 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $980,821$1,011,879
I-9 Program service revenuePrior year $178,821$300,456
I-10 Investment incomePrior year $5$6,171
I-11 Other revenuePrior year $68$2,804
I-12 Total revenuePrior year $1,159,715$1,321,310
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $142,691$306,787
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $190,554$312,643
I-18 Total expensesPrior year $333,245$619,430
I-19 Revenue less expensesPrior year $826,470$701,880
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,321,310 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,011,879
VIII-1h Total contributions, gifts and grants$1,011,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $300,456$300,456
VIII-7 Net gain or loss on sales of assetsRelated to mission $6,171$6,171
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,804$2,804
VIII-12 Total revenueRelated to mission $309,431$1,321,310
Part IX · Statement of functional expenses $619,430 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,011 · Management $19,505 · Fundraising $6,502$65,018
IX-7 Other salaries and wagesPrograms $111,044 · Management $55,522 · Fundraising $18,507$185,073
IX-9 Other employee benefitsPrograms $21,439 · Management $10,720 · Fundraising $3,573$35,732
IX-10 Payroll taxesPrograms $12,578 · Management $6,289 · Fundraising $2,097$20,964
IX-11c Accounting feesPrograms $741 · Management $14,893 · Fundraising $742$16,376
IX-11g Other fees for servicesPrograms $2,502 · Management $4,568 · Fundraising $552$7,622
IX-12 Advertising and promotionManagement $8,818 · Fundraising $2,205$11,023
IX-13 Office expensesFundraising $1,675$1,675
IX-16 OccupancyPrograms $30,142 · Management $3,349$33,491
IX-17 TravelPrograms $10,614$10,614
IX-19 Conferences, conventions and meetingsManagement $204$204
IX-20 InterestPrograms $13,568 · Management $1,508$15,076
IX-22 Depreciation, depletion and amortizationPrograms $40,090 · Management $4,227$44,317
IX-23 InsurancePrograms $27,031 · Management $3,003$30,034
IX-24 Other expenses (24a–d)Programs $108,460 · Management $1,594 · Fundraising $1,593$111,647
IX-24e All other expensesPrograms $14,697 · Management $10,375 · Fundraising $5,492$30,564
IX-25 Total functional expensesPrograms $431,917 · Management $144,575 · Fundraising $42,938$619,430
Part X · Balance sheet $2,193,628 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $272,451$246,578
X-2 Savings and temporary cash investmentsStart of year $69,542$273,207
X-3 Pledges and grants receivable$16,028
X-4 Accounts receivable$708
X-9 Prepaid expenses and deferred chargesStart of year $12,202$13,403
X-10c Land, buildings and equipment, netStart of year $1,339,565$1,630,105
X-14 Intangible assets$7,149
X-15 Other assetsStart of year $5,838$6,450
X-16 Total assetsStart of year $1,699,598$2,193,628
X-17 Accounts payable and accrued expensesStart of year $2,961$7,402
X-26 Total liabilitiesStart of year $730,252$522,402
X-27 Net assets without donor restrictionsStart of year $969,346$1,628,516
X-28 Net assets with donor restrictions$42,710
X-32 Total net assets or fund balancesStart of year $969,346$1,671,226
X-33 Total liabilities and net assetsStart of year $1,699,598$2,193,628
Part XI · Reconciliation of net assets $1,671,226 net assets at year end
XI-1 Total revenue$1,321,310
XI-2 Total expenses$619,430
XI-3 Revenue less expenses$701,880
XI-4 Net assets at start of year$969,346
XI-10 Net assets at end of year$1,671,226

Form 990 e-file (XML) FY2022 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

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.