Nonprofit · EIN 85-2299402
HOMES FOR HEARTS
Tax-exempt · MEMPHIS, TN 38107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-EZ | $115,226 | $116,741 | -$1,515 | $221,811 | – | $221,811 |
| July 31, 2024 | 990-EZ | $56,180 | $36,785 | $19,395 | $224,725 | $0 | $224,725 |
Financial details: 990-EZ for the year ended July 31, 2025
Revenue
- Contributions, gifts and grants
- $103,952
- Program service revenue
- $10,004
- Investment income
- $618
- Other revenue
- $652
Expenses
- Compensation of officers, directors and key employees
- $72,000
- Salaries, compensation and benefits (total)
- $87,051
- Professional fees and payments to contractors
- $798
- Occupancy
- $9,237
- Printing, publications and postage
- $304
- Other expenses
- $19,351
- Program services (functional)
- $155,221
Balance sheet and other
- Total assets, start of year
- $224,725
- Total assets, end of year
- $221,811
- Total liabilities, end of year
- –
- Net assets, end of year
- $221,811
- Cash, savings and investments
- $21,399
- Land and buildings
- $200,412
- Gross receipts
- $115,226
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zach Waters | Executive Director | 40 | $72,000 |
| Lolita Crittendon | Chair | 2 | $0 |
| Daniel Irwin | Treasurer | 2 | $0 |
| Deidre Chatman | Secretary | 2 | $0 |
| Luke Waters | Director | 2 | $0 |
| Will Vaughan | Director | 2 | $0 |
| Margretta Dobbs | Director | 2 | $0 |
| Marisa Baker | Director | 2 | $0 |
990-EZ for the year ended July 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Zachary Waters | 5 - Executive Director | 40 | $3,600 |
| Lolita Crittendon | 1 - Chair | 2 | $0 |
| Daniel Irwin | 2 - Vice Chair | 2 | $0 |
| Deidre Chatman | 3 - Secretary | 2 | $0 |
| Chris Smith | 4 - Treasurer | 2 | $0 |
| Luke Waters | 6 - Director | 2 | $0 |
| Will Vaughan | 7 - Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 871 SHERIDAN ST, MEMPHIS, TN 38107-4612
- In care of
- % ZACHARY WATERS
- Mailing address (990-N for 2021)
- 871 Sheridan St, Memphis TN 38107
- Principal officer (990-N for 2021)
- Zachary Waters, 3669 Myrtlewood Dr, Hernando MS 38632
- Signed the 990-EZ
- Zach Waters, Executive Director
- Phone
- (901) 290-6174
- Website
- homesforhearts.org
- Return prepared by
- Davis Professional
Mission
Build single-family tiny homes in Memphis
Program accomplishments
- Build single-family tiny homes throughout Memphis area and partner with supportive services to offer homeless a pathtoward ownership.Expenses $155,221
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-EZ on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-EZ on file |
IRS record
- EIN
- 85-2299402
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- July
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $221,811
- Income (IRS master file)
- $115,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | July 2025 | $115,226 | $116,741 | $221,811 | XML |
| 990-EZ | July 2024 | $56,180 | $36,785 | $224,725 | XML |
| 990-EZ | July 2023 | – | – | – | IRS |
| 990-N for 2021 Officer: Zachary Waters | July 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: zachary waters | July 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-2299402).
Questions about HOMES FOR HEARTS
- What is the EIN of HOMES FOR HEARTS?
- The employer identification number (EIN) of HOMES FOR HEARTS is 85-2299402.
- Is HOMES FOR HEARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to HOMES FOR HEARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMES FOR HEARTS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMES FOR HEARTS due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMES FOR HEARTS last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended July 2025.
- Who is the principal officer of HOMES FOR HEARTS?
- The 990-N for 2021 names Zachary Waters.
- Who are the officers and directors of HOMES FOR HEARTS?
- The 990-EZ for the year ended July 31, 2025 lists 8 people; 1 received compensation from the organization, the highest $72,000 (Zach Waters, Executive Director).
- How much revenue does HOMES FOR HEARTS have?
- On its 990-EZ for the year ended July 31, 2025 it reported revenue of $115,226, expenses of $116,741 and total assets of $221,811 at year end.
Other nonprofits in MEMPHIS
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- THE WORKS INC EIN 62-1751430 · last filed 990 for 2024
- MEMPHIS UNION MISSION EIN 62-0541811 · last filed 990 for 2025
- THE HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CITY OF MEMP EIN 62-1209024 · last filed 990 for 2024
- UNITED HOUSING INC EIN 62-1597364 · last filed 990 for 2025
- PROMISE DEVELOPMENT CORPORATION EIN 31-1708526 · last filed 990 for 2023
- URBAN RENAISSANCE PARTNERS INC EIN 47-5487600 · last filed 990 for 2024
- MEMPHIS JEWISH HOUSING DEVELOPMENT CORP EIN 62-1027049 · last filed 990 for 2025