Hearts & Hands of Indiana Corporation

Nonprofit profile at a glance

EIN
270497482
IRS 990 coverage
2012–2020
Forms available
Form 990 2020
Location
Indianapolis, IN, USA
Phone
3175437740
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Heart and Circulatory System Diseases, Disorders

Reported finances

Revenue
$283,306
Expenses
$523,846
Assets
$205,815
Liabilities
$2,474

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • TOM EGOLD (PRESIDENT)
  • RAY ROEMBKE (VICE-PRESIDENT)
  • SUZANNE THOMPSON (EXECUTIVE DIRECTOR (1/1/20-1/28/20))

Highest reported compensation

  • SUZANNE THOMPSON (EXECUTIVE DIRECTOR (1/1/20-1/28/20)): $37,058 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hearts & hands is a nonprofit organization that helps families and individuals attain affordable long-term homeownership in the near west neighborhood of indianapolis by providing education, mentoring, and quality rehabilitated homes.

What it reported doing in 2020

Our mission is helping families and individuals attain affordable, long-term homeownership in the near west side of indianapolis by providing eduction, mentoring, and quality rehabilitated homes. By helping families achieve long-term homeownership, hearts & hands also helps families attain the many benefits related to homeownership, including increased civic engagement, improved psychological and physical health, education achievement, and improved property value. These benefits, in turn, enable families to contribute to the overall stability of the neighborhood.

Operating model

Revenue model
Earned-program. 65% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 90
  • Accountability: 84
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.5%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -84.9%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.39; rating input score 15; 15th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 12.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 14.7% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.5% of spending went to programs
  • Governance: 18 of 18 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $506K in reported program spending
  • Leadership: top reported pay $37K · 19 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2012 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 15/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.