Two Hearts Community Development

Nonprofit profile at a glance

EIN
921509443
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Reno, NV, USA
Phone
7758463074
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$64,300
Expenses
$66,597
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • Susan Clark (Board Chair)
  • Gerald Fritts (Board Member)
  • Evelyn Cunningham (Board Member)

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

The mission of Two Hearts Community Development is to develop housing options for a wide range of de-homed Americans. Our focus includes, but is not limited to, families, seniors, the disabled, and veterans who are in need and lack access to permanent housing options. The key to the success of this approach is innovative funding sources, thoughtful facility design, and collaborative supportive services. Partnerships with educational, business, governmental, and other community resources will also help ensure long term success of these housing options. The overall goal is to help this population of de-homed Americans stabilize their lives and productively engage with the rest of society.

What it reported doing in 2024

In 2024, we 1) Supported the development of 170 new affordable housing units, including 65 dedicated veterans' apartments, 2) Secured two county grants to document and expand supportive services delivery, 3) Raised $60,000 from community members to test innovative service models, 4) Built partnerships with UNR, Community Services Agency, Community Health Alliance, and other leading organizations, 5) Collaborated with the Lived Experience Advisory Board to ensure our work reflects real community needs

Operating model

Revenue model
Earned-program. 79% 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: 100
  • Transparency & Controls: 100
  • Sustainability: 19
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -3.6%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 20.7%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $67K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.