Hammer and Heart

Tax-deductible

Black Mtn, NC501(c)(3)HousingEIN 86-3969037

To provide urgent home repairs to neighbors of the swannanoa valley who are financially unable to maintain their homes in a safe or livable condition.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 85 volunteers.
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
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
$54K
to officers and key staff · 34% of spending
Top officer’s pay lower than 58% of similar orgs
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
Cash reserves
17 mo
of spending, in cash
Looks good: 16.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $155K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$5K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$302K
+143% vs prior year
Spent
$160K
To programs
70%
Net assets
$237K
By yearFY2022–FY2024
Revenue
$302K
FY2024▲ +143%
Revenue by fiscal year
FY2022$106K
FY2023$124K
FY2024$302K
Net assets
$237K
FY2024▲ +146%
Net assets by fiscal year
FY2022$78K
FY2023$96K
FY2024$237K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2022.

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% · $111K Management & general 18% · $29K Fundraising 12% · $19K

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

Who runs it and what they're paid

7 people listed on the 990; $54K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$53,600Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Ben Fortson’s $54K as Executive Di is at the 42nd percentile of top reported officer pay among 852 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Ben Fortson$53,600$43,627$19,430

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 Hammer and Heart 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

Fixes homes for financially struggling neighbors needing safe, livable housing.

Provided by the organization

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1 program service account for $111K of program spending, described in the organization's own filed words · FY2024.
01

To alleviate housing conditions which pose an imminent threat to the life or safety of very low-income homeowners (often, the elderly or disabled).

$111Kprogram expense

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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 6 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$302K
Ln 12
Gifts and grantsLn 1h$300K
Investment incomeLn 3$2K
Other incomeLn 4–11$659
Money outPt IX
$160K
Ln 25
Programscol B$111K
Managementcol C$29K
Fundraisingcol D$19K
Owns and owesPt X
$237K
net assets · Ln 32
Cash and savingsLn 1–2$222K
Total assetsLn 16$242K
LiabilitiesLn 26$5K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Government grantsLn 1e$5K
Investment incomeLn 3$2K
Other incomeLn 4–11$659
Total revenueLn 12$302K
Assets in detailPt X, end of year
CashLn 1$41K
SavingsLn 2$182K
Cash and savings togetherLn 1–2$222K
Land, buildings, equipmentLn 10c$20K
Total assetsLn 16$242K
LiabilitiesLn 26$5K
Net assetsLn 32$237K
OperationsPt I, VI
EmployeesI 50
VolunteersI 685
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$98K$222K
Land, buildings, equipmentLn 10c$20K
Total assetsLn 16$98K$242K
LiabilitiesLn 26$1K$5K
Net assetsLn 32$96K$237K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$54K$25K$16K$13K
Accounting feesLn 11c$585$585
Other fees for servicesLn 11g$58K$46K$8K$4K
Advertising and promotionLn 12$2K$137$40$2K
Office expensesLn 13$3K$45$3K$388
Information technologyLn 14$804$804
TravelLn 17$2K$1K$322
InsuranceLn 23$2K$923$960
Other expenses (24a–d)Ln 24$38K$38K$364
All other expensesLn 24e$158$96$23$39
Total functional expensesLn 25$160K$111K$29K$19K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $302K$160K$142K$237K 990 PDF
FY2023 $124K$96K 990 PDF
FY2022 $106K$78K 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 (4 parts)
Part VIII · Statement of revenue $301,703 across 6 lines filed
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$294,532
VIII-1h Total contributions, gifts and grants$299,532
VIII-3 Investment incomeRelated to mission $1,512$1,512
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $659$659
VIII-12 Total revenueRelated to mission $2,171$301,703
Part IX · Statement of functional expenses $159,801 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,917 · Management $15,867 · Fundraising $12,817$53,601
IX-11c Accounting feesManagement $585$585
IX-11g Other fees for servicesPrograms $46,319 · Management $7,570 · Fundraising $3,975$57,864
IX-12 Advertising and promotionPrograms $137 · Management $40 · Fundraising $1,765$1,942
IX-13 Office expensesPrograms $45 · Management $2,932 · Fundraising $388$3,365
IX-14 Information technologyManagement $804$804
IX-17 TravelPrograms $1,333 · Management $322$1,655
IX-23 InsurancePrograms $923 · Management $960$1,883
IX-24 Other expenses (24a–d)Programs $37,580 · Management $364$37,944
IX-24e All other expensesPrograms $96 · Management $23 · Fundraising $39$158
IX-25 Total functional expensesPrograms $111,350 · Management $29,467 · Fundraising $18,984$159,801
Part X · Balance sheet $242,222 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $97,693$40,841
X-2 Savings and temporary cash investments$181,512
X-10c Land, buildings and equipment, net$19,869
X-16 Total assetsStart of year $97,693$242,222
X-25 Other liabilitiesStart of year $1,315$4,935
X-26 Total liabilitiesStart of year $1,315$4,935
X-27 Net assets without donor restrictionsStart of year $96,378$237,287
X-32 Total net assets or fund balancesStart of year $96,378$237,287
X-33 Total liabilities and net assetsStart of year $97,693$242,222
Part XI · Reconciliation of net assets $237,287 net assets at year end
XI-1 Total revenue$301,703
XI-2 Total expenses$159,801
XI-3 Revenue less expenses$141,902
XI-4 Net assets at start of year$96,378
XI-9 Other changes in net assets−$993
XI-10 Net assets at end of year$237,287

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

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