Civic Intelligence

Hearts for Homes Inc.

990EZ • Fiscal year 2017 • EIN 81-2635533

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 05, 2018

115 S Main StreetMount Clemens, MI 48043

(810) 359-2082

Siviq Scores

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

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

84th percentile

0.12x

Higher debt load relative to revenue than 84% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

85th percentile

$25,500

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 56.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$22,702

No earlier filing loaded for comparison.

Net Assets

$17,123

No earlier filing loaded for comparison.

Liabilities

$5,579

No earlier filing loaded for comparison.

Revenue

$45,223

No earlier filing loaded for comparison.

Expenses

$40,022

No earlier filing loaded for comparison.

Net Income

$5,201

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2017: $22,702Liabilities 2017: $5,579Net Assets 2017: $17,1232017Assets 2018: $6,670Liabilities 2018: $0Net Assets 2018: $6,6702018Assets 2019: $6,543Liabilities 2019: $0Net Assets 2019: $6,5432019Assets 2020: $36,215Liabilities 2020: $5,003Net Assets 2020: $31,2122020Assets 2021: $33,223Liabilities 2021: $1,052Net Assets 2021: $32,1712021Assets 2022: $140,091Liabilities 2022: $1,388Net Assets 2022: $138,7032022Assets 2023: $59,016Liabilities 2023: $1,507Net Assets 2023: $57,5092023Assets 2024: $36,519Liabilities 2024: $3,109Net Assets 2024: $33,4102024

Highlighted filing

2017

Assets$22,702
Liabilities$5,579
Net Assets$17,123

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2017: $45,223Expenses 2017: $40,022Net Income 2017: $5,2012017Revenue 2018: $44,158Expenses 2018: $54,611Net Income 2018: -$10,4532018Revenue 2019: $42,859Expenses 2019: $42,986Net Income 2019: -$1272019Revenue 2020: $73,874Expenses 2020: $49,205Net Income 2020: $24,6692020Revenue 2021: $79,187Expenses 2021: $78,228Net Income 2021: $9592021Revenue 2022: $235,982Expenses 2022: $129,450Net Income 2022: $106,5322022Revenue 2023: $96,226Expenses 2023: $177,420Net Income 2023: -$81,1942023Revenue 2024: $131,348Expenses 2024: $155,445Net Income 2024: -$24,0972024

Highlighted filing

2017

Revenue$45,223
Expenses$40,022
Net Income$5,201
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 5, 2018
Return Version
2017v2.2
Gross Receipts
$46,261
Mission and Program Overview

Mission

To end homelessness and create critically needed affordable housing opportunities for low-income households in macomb county, mi

Program Services

DescriptionGrantsExpenses
AFFORDABLE HOUSING PARTNERSHIP PROGRAM, WHICH ALLOWS HOMELESS FAMILIES ACCESS PERMANENT HOUSING$15,368$17,831
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD CANNON JRPresident/CEOPT$25,500-$25,500
SUSAN BOCKChairperson-$0--
JACK MOYVice Chairperson-$0--
RACHEL WESTERGRENTreasurer-$0--
BECKY BOLANDERSecretary-$0--
KEITH CARLSONBoard Member-$0--
JEFF LAMBBoard Member-$0--
TOM STOTZBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Hearts for Homes Inc
EIN
81-2635533
Phone
8103592082
Address
115 S MAIN STREET, MOUNT CLEMENS, MI 48043

Signing Officer

Name
Richard a Cannon Jr
Title
President/CEO
Phone
8103592082
Signed
2018-06-05

Preparer

Firm
All Needs Accounting & Investments
Address
7751 Lakeshore Rd, Lakeport, MI 48059
Preparer
Matthew Livingston
Phone
8103276288
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

CROWD SOURCE FEES 163.

Form 990EZ, Part I, Line 16

PAYROLL TAXES 2183.

Form 990EZ, Part I, Line 16

LIABILITY INSURANCE 602.

Form 990EZ, Part I, Line 16

OFFICE EXPENSES 271.

Form 990EZ, Part I, Line 16

TRAVEL EXPENSES 100.

Form 990EZ, Part I, Line 16

WEBSITE EXPENSES 72.

Form 990EZ, Part I, Line 16

MEETING EXPENSES 66.

Form 990EZ, Part I, Line 16

FEES 112.

Form 990EZ, Part I, Line 16

HOUSING INSPECTIONS 250.

Form 990EZ, Part I, Line 16

CLIENT ASSISTANCE 10128.

Form 990EZ, Part I, Line 16

BACKGROUND CHECKS 10.

Form 990EZ, Part I, Line 16

INTEREST EXPENSE 75.

Form 990EZ, Part II, Line 24

Grant receivable 10265. 15368.

Form 990EZ, Part II, Line 24

Futa refund receivable 138. 0.

Form 990EZ, Part II, Line 26

Payroll taxes payable 624. 504.

Form 990EZ, Part II, Line 26

LOAN PAYABLE 0. 5075.

Raw XML Appendix185 raw XML fields

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

Path#Value
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LEXINGTON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt70
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD CANNON JR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUSAN BOCK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JACK MOY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3RACHEL WESTERGREN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4BECKY BOLANDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5KEITH CARLSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6JEFF LAMB
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7TOM STOTZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CHAIRPERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE CHAIRPERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt010403
IRS990EZ/OtherAssetsTotalDetail/EOYAmt015368
IRS990EZ/OtherExpensesTotalAmt014032
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO END HOMELESSNESS AND CREATE CRITICALLY NEEDED AFFORDABLE HOUSING OPPORTUNITIES FOR LOW-INCOME HOUSEHOLDS IN MACOMB COUNTY, MI
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt01038
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0624
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt040022
IRS990EZ/TotalProgramServiceExpensesAmt017831
IRS990EZ/TotalRevenueAmt045223
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt042108
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt021975
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt064083
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt00
IRS990ScheduleA/PublicSupportTotal509Amt064083
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt042108
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt021975
IRS990ScheduleA/Total509Grp/TotalAmt064083
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt064083
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CROWD SOURCE FEES 163.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PAYROLL TAXES 2183.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2LIABILITY INSURANCE 602.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OFFICE EXPENSES 271.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TRAVEL EXPENSES 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WEBSITE EXPENSES 72.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEETING EXPENSES 66.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FEES 112.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8HOUSING INSPECTIONS 250.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CLIENT ASSISTANCE 10128.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10BACKGROUND CHECKS 10.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11INTEREST EXPENSE 75.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12GRANT RECEIVABLE 10265. 15368.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FUTA REFUND RECEIVABLE 138. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14PAYROLL TAXES PAYABLE 624. 504.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15LOAN PAYABLE 0. 5075.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RICHARD A CANNON JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum08103592082
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEARTS FOR HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0812635533
ReturnHeader/Filer/PhoneNum08103592082
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 S MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0MOUNT CLEMENS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048043
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07A1460EE1E9E6707B06B5DD514FCFF4B7A46F04A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07A1460EE1E9E6707B06B5DD514FCFF4B7A46F04A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.61.26.46
ReturnHeader/FilingSecurityInformation/IPDt02018-06-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm008:35:15
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0All Needs Accounting & Investments
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07751 Lakeshore Rd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lakeport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048059
ReturnHeader/PreparerPersonGrp/PhoneNum08103276288
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW LIVINGSTON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-06-05T08:35:15-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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