Civic Intelligence

Hearts Desire

990 • Fiscal year 2024 • EIN 76-0803856

Jan 01, 2024 to Dec 31, 2024 • Filed on May 15, 2025

Organization ProfileN/A
PO Box 121Lovington, NM 88260

(575) 396-0235

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

38th percentile

0.10x

Higher debt load relative to assets than 38% of similar nonprofits.

2024 filings • NTEE L • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.17x

Higher debt load relative to revenue than 31% of similar nonprofits.

2024 filings • NTEE L • $500k-$1M nonprofits • Source year 2024

Net Margin

41st percentile

-12%

Higher net margin than 41% of similar nonprofits.

2024 filings • NTEE L • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • NTEE L • $500k-$1M nonprofits • Source year 2024

Asset Growth

18th percentile

-7.5%

Faster asset growth than 18% of similar nonprofits.

2024 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-10%

Faster revenue growth than 18% of similar nonprofits.

2024 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets38th percentile

Assets

Down

$606,016

Down $49,010 (-7.5%) from 2023

Net Assets

Down

$547,783

Down $61,982 (-10%) from 2023

Liabilities

Up

$58,233

Up $12,972 (+29%) from 2023

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin41st percentile

Revenue

Down

$335,177

Down $37,848 (-10%) from 2023

Expenses

Down

$375,708

Down $20,753 (-5.2%) from 2023

Net Income

Down

-$40,531

Down $17,095 (-73%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2011: $400,765Liabilities 2011: $131,250Net Assets 2011: $269,5152011Assets 2012: $550,014Liabilities 2012: $98,192Net Assets 2012: $451,8222012Assets 2013: $637,331Liabilities 2013: $79,249Net Assets 2013: $558,0822013Assets 2014: $688,877Liabilities 2014: $33,505Net Assets 2014: $655,3722014Assets 2015: $721,280Liabilities 2015: $5,041Net Assets 2015: $716,2392015Assets 2016: $825,268Liabilities 2016: $4,282Net Assets 2016: $820,9862016Assets 2017: $772,599Liabilities 2017: $5,109Net Assets 2017: $767,4902017Assets 2018: $740,292Liabilities 2018: $5,784Net Assets 2018: $734,5082018Assets 2019: $698,078Liabilities 2019: $12,991Net Assets 2019: $685,0872019Assets 2020: $689,946Liabilities 2020: $39,356Net Assets 2020: $650,5902020Assets 2021: $668,370Liabilities 2021: $43,732Net Assets 2021: $624,6382021Assets 2022: $671,056Liabilities 2022: $43,241Net Assets 2022: $627,8152022Assets 2023: $655,026Liabilities 2023: $45,261Net Assets 2023: $609,7652023Assets 2024: $606,016Liabilities 2024: $58,233Net Assets 2024: $547,7832024

Highlighted filing

2024

Assets$606,016
Liabilities$58,233
Net Assets$547,783
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $314,140Expenses 2011: $264,265Net Income 2011: $49,8752011Revenue 2012: $528,510Expenses 2012: $346,203Net Income 2012: $182,3072012Revenue 2013: $368,288Expenses 2013: $312,419Net Income 2013: $55,8692013Revenue 2014: $424,131Expenses 2014: $330,578Net Income 2014: $93,5532014Revenue 2015: $413,094Expenses 2015: $352,227Net Income 2015: $60,8672015Revenue 2016: $469,648Expenses 2016: $365,113Net Income 2016: $104,5352016Revenue 2017: $254,156Expenses 2017: $307,652Net Income 2017: -$53,4962017Revenue 2018: $257,346Expenses 2018: $290,328Net Income 2018: -$32,9822018Revenue 2019: $274,043Expenses 2019: $323,464Net Income 2019: -$49,4212019Revenue 2020: $218,307Expenses 2020: $252,804Net Income 2020: -$34,4972020Revenue 2021: $274,185Expenses 2021: $300,137Net Income 2021: -$25,9522021Revenue 2022: $377,139Expenses 2022: $373,962Net Income 2022: $3,1772022Revenue 2023: $373,025Expenses 2023: $396,461Net Income 2023: -$23,4362023Revenue 2024: $335,177Expenses 2024: $375,708Net Income 2024: -$40,5312024

Highlighted filing

2024

Revenue$335,177
Expenses$375,708
Net Income-$40,531
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$335,177
Mission and Program Overview

Mission

To provide biblical solutions to life controlling issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$619,780$579,916▼ $39,864
Rtn Earn Endowment Incm Other Fnds$609,765$547,783▼ $61,982
Cash and Non-Interest-Bearing Accounts$35,246$26,100▼ $9,146
Total Assets$655,026$606,016▼ $49,010
Liabilities
Unsecured Notes Loans Payable$32,500$32,500→ $0
Other Liabilities$9,514$14,734▲ $5,220
Accounts Payable and Accrued Expenses$3,247$10,999▲ $7,752
Total Liabilities$45,261$58,233▲ $12,972
Net Assets / Fund Balance
Total Net Assets Fund Balance$609,765$547,783▼ $61,982
Total Liabilities and Net Assets / Fund Balance$655,026$606,016▼ $49,010

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$525,253$390,037$915,290
Leasehold Improvements$4,066$55,972$60,038
Land$44,887-$44,887
Other Land Buildings$64$40,539$40,603
Equipment$5,646$16,163$21,809
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
David StewartPresident
Bobbie BentancourtDirector
David VillarDirector
Jeanne GrahamDirector
Kenyon BurnsDirector
Kim ReederDirector
Shawn BlytheDirector
Rhonda PhillipsTreasurer
Barbara JamesonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$169,176
Program Service Revenue
$166,001
Investment Income
$0
Other Revenue
$0
All Other Contributions
$69,176
Change in Net Assets
$-40,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$204,308
Other Expenses$171,400
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$104,446$84,866-$189,312
Occupancy$67,666--$67,666
Depreciation Depletion$25,453--$25,453
Insurance$22,104--$22,104
Payroll Taxes$6,550$8,446-$14,996
Fees for Services Accounting$9,305--$9,305
Office Expenses$4,044--$4,044
Fees for Services Management$2,920--$2,920
Advertising$2,457--$2,457
Other Expenses$735--$735
All Other Expenses$265--$265
Total Functional Expenses$282,396$93,312$0$375,708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$14,734
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Hearts Desire Inc
EIN
76-0803856
Phone
5753960235
Address
PO BOX 121, LOVINGTON, NM 88260

Signing Officer

Name
David Stewart
Title
President
Phone
5753960235
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Stewart
Formed
2005
Legal Domicile
Nm
Voting Board Members
0
Independent Board Members
9
Employees
14

Preparer

Firm
Jaco Financial
Address
2320 N KINGSLEY DR, HOBBS, NM 88240
Preparer
Jay Collins
Phone
5753922221
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“Hearts desire inc. (hdi) was founded in 2005 with the future (phase 3) desire of builiding a women and children's home. Hdi has completed phase 1 which has been to finish paying off the debt of two large thrift stores that help to fund support group programs. Hdi endeavors to provide bibilical solutions to those with life-controlling issues. Hdi will accomplish these goals by: providing growth for those with drug and alcohol addictions through various support groups and provide aid based on individual need. Hdi provides physical help for individuals in recovery placement into rehab facilities close by, feeding the hungry, clothing and providing household items for the poor. Hdi partners with the united way of lea county as well as several other agencies to offer help outside our designated purpose. Hdi is currently (2015) in the initial design and planning stage for a new program center (phase 2) to broaden the ability to help those in recovery. Hdi owns property for the future useage of a planned recovery home for women and children (phase 3).”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt064
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040539
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt040603
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014734
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0579916
IRS990ScheduleD/TotalLiabilityAmt014734
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HEARTS DESIRE INC. (HDI) WAS FOUNDED IN 2005 WITH THE FUTURE (PHASE 3) DESIRE OF BUILIDING A WOMEN AND CHILDREN'S HOME. HDI HAS COMPLETED PHASE 1 WHICH HAS BEEN TO FINISH PAYING OFF THE DEBT OF TWO LARGE THRIFT STORES THAT HELP TO FUND SUPPORT GROUP PROGRAMS. HDI ENDEAVORS TO PROVIDE BIBILICAL SOLUTIONS TO THOSE WITH LIFE-CONTROLLING ISSUES. HDI WILL ACCOMPLISH THESE GOALS BY: PROVIDING GROWTH FOR THOSE WITH DRUG AND ALCOHOL ADDICTIONS THROUGH VARIOUS SUPPORT GROUPS AND PROVIDE AID BASED ON INDIVIDUAL NEED. HDI PROVIDES PHYSICAL HELP FOR INDIVIDUALS IN RECOVERY PLACEMENT INTO REHAB FACILITIES CLOSE BY, FEEDING THE HUNGRY, CLOTHING AND PROVIDING HOUSEHOLD ITEMS FOR THE POOR. HDI PARTNERS WITH THE UNITED WAY OF LEA COUNTY AS WELL AS SEVERAL OTHER AGENCIES TO OFFER HELP OUTSIDE OUR DESIGNATED PURPOSE. HDI IS CURRENTLY (2015) IN THE INITIAL DESIGN AND PLANNING STAGE FOR A NEW PROGRAM CENTER (PHASE 2) TO BROADEN THE ABILITY TO HELP THOSE IN RECOVERY. HDI OWNS PROPERTY FOR THE FUTURE USEAGE OF A PLANNED RECOVERY HOME FOR WOMEN AND CHILDREN (PHASE 3).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0655026
IRS990/TotalAssetsEOYAmt0606016
IRS990/TotalAssetsGrp/BOYAmt0655026
IRS990/TotalAssetsGrp/EOYAmt0606016
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0169176
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt093312
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0282396
IRS990/TotalFunctionalExpensesGrp/TotalAmt0375708
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045261
IRS990/TotalLiabilitiesEOYAmt058233
IRS990/TotalLiabilitiesGrp/BOYAmt045261
IRS990/TotalLiabilitiesGrp/EOYAmt058233
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0609765
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0547783
IRS990/TotalProgramServiceExpensesAmt0282396
IRS990/TotalProgramServiceRevenueAmt0166001
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0166001
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335177
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0655026
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0606016
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt032500
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt032500
IRS990/USAddress/AddressLine1Txt0PO BOX 121
IRS990/USAddress/CityNm0LOVINGTON
IRS990/USAddress/StateAbbreviationCd0NM
IRS990/USAddress/ZIPCd088260
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt09
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID STEWART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05753960235
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEARTS DESIRE INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0760803856
ReturnHeader/Filer/PhoneNum05753960235
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 121
ReturnHeader/Filer/USAddress/CityNm0LOVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NM
ReturnHeader/Filer/USAddress/ZIPCd088260
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844365395
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JACO FINANCIAL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02320 N KINGSLEY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOBBS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd088240
ReturnHeader/PreparerPersonGrp/PhoneNum05753922221
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAY COLLINS
ReturnHeader/ReturnTs02025-05-21T16:27:40-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$606,016
Liabilities
$58,233
Net assets
$547,783
Revenue
$335,177
Expenses
$375,708
Net income
-$40,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.06$0.58$5.48$3.35$3.76$0.41
2023Detailed filing. Detailed filing data is available for this year.$6.55$0.45$6.10$3.73$3.96$0.23
2022Detailed filing. Detailed filing data is available for this year.$6.71$0.43$6.28$3.77$3.74$0.03
2021Detailed filing. Detailed filing data is available for this year.$6.68$0.44$6.25$2.74$3.00$0.26
2020Detailed filing. Detailed filing data is available for this year.$6.90$0.39$6.51$2.18$2.53$0.34
2019Summary only. Only limited summary data is available for this year.$6.98$0.13$6.85$2.74$3.23$0.49
2018Summary only. Only limited summary data is available for this year.$7.40$0.06$7.35$2.57$2.90$0.33
2017Summary only. Only limited summary data is available for this year.$7.73$0.05$7.67$2.54$3.08$0.53
2016Summary only. Only limited summary data is available for this year.$8.25$0.04$8.21$4.70$3.65$1.05
2015Summary only. Only limited summary data is available for this year.$7.21$0.05$7.16$4.13$3.52$0.61
2014Detailed filing. Detailed filing data is available for this year.$6.89$0.34$6.55$4.24$3.31$0.94
2013Summary only. Only limited summary data is available for this year.$6.37$0.79$5.58$3.68$3.12$0.56
2012Summary only. Only limited summary data is available for this year.$5.50$0.98$4.52$5.29$3.46$1.82
2011Summary only. Only limited summary data is available for this year.$4.01$1.31$2.70$3.14$2.64$0.50
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • NTEE L25 • $500k-$1M nonprofits