UPDATE - 5:25PM - The juvenile is said to be between 13 years old. He called his parents when he lit the front part of the home on fire. When Reno Fire Department arrived, they saw the juvenile in the front room with a gun and held off taking any action until police arrived.
Reno Police say the juvenile shot at family portraits.
Peavine Elementary was on lock down briefly during this situation.
The gun has been recovered and secured by Reno Police Department.
RENO, Nev. (KRNV & MyNews4.com) -- Reno Police say a juvenile was upset over something dealing with his report card and started lighting his home on fire in the front room with gasoline and shot a gun inside.
Police say he pointed the gun at his parents. By the time Reno Police arrived on scene, the juvenile had ditched the gun. He was taken at gunpoint outside the home.
He is facing arson charges and assault with a deadly weapon charges.
A bomb squad is responding to the home to make sure there isn't any other damage.