Homes with Heart Foundation
Nonprofit profile at a glance
- EIN
- 882957005
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Las Vegas, NV, USA
- Phone
- 7202820212
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Temporary Housing
Reported finances
- Revenue
- $95,966
- Expenses
- $129,473
- Assets
- $8,314
- Liabilities
- $66,540
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- STEPHANIE MORRISSETTE (PRESIDENT)
- ERIC MORRISSETTE (VICE PRESIDENT)
People named in this filing
- STEPHANIE MORRISSETTE (PRESIDENT)
- ERIC MORRISSETTE (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hwhf provides shared housing solutions for individuals recovering from addiction or experiencing housing insecurity. To support this mission, the organization operates two men's sober living homes in aurora, Colorado. Program participants come from diverse backgrounds, including individuals who have experienced homelessness, veterans, people involved in the justice system, and those transitioning directly from residential treatment facilities. Approximately 2535% of residents identify as members of minority communities.each participant is offered the opportunity to obtain employment, sustain their recovery, and prepare for independent living within a safe and supportive environment. Participants may remain in the program as long as they maintain sobriety and comply with all house rules and expectations.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 17
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 87.9%; rating input score 88
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -34.9%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 9; 9th percentile among comparable filings
- Liabilities to assets ratio: 8; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 87.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $114K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- 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.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Total-asset coverage ratio scored 9/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.