Lucys Hearth
- Assets
- $4.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, RI
- Founding
- 12/1984
- Data as of
- 06/2022
- EIN
- 22-2566612
Organization Overview
Lucys Hearth is located in Middletown, RI. The organization was established in 1984. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lucys Hearth is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lucys Hearth generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.3%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SHELTER AND SERVICES FOR HOMELESS FAMILIES AND THEIR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUCY'S HEARTH HAS ONE MAIN PROGRAM WITH TWO SERVICES:IAP-INTAKE AND ASSESSMENT PROGRAM, PROVIDING EMERGENCY APARTMENT STYLE SHELTER FOR 6 FAMILIES. FAMILIES CAN RESIDE IN THE IAP PROGRAM FOR UP TO 90 DAYS.TAP- TRANSITIONAL APARTMENT PROGRAM. PROVIDES BRIDGE HOUSING ( TEMPORARY HOUSING UNTIL PERMANENT HOUSING IS SECURED) FOR 9 FAMILIES IN 7 EFFICIENCY AND 2 ONE BEDROOM UNITS. FAMILIES CAN REMAIN IN BRIDGE HOUSING FOR UP TO 24 MONTHS.PSH - PERMANENT SUPPORTIVE HOUSING FOR TWO CHRONICALLY HOMELESSFAMILIES IN OFF-SITE APARTMENTS.MAJOR ACCOMPLISHMENTS:IAP - WE SERVED 37 FAMILIES INCLUDING 75 CHILDREN IN THE IAP PROGRAM. AVERAGE LENGTH OF STAY FOR CLIENTS EXISTING WAS 90 DAYS. 62% (77 OF 124 PARTICIPANTS) EXITED TO PERMANENT OR TRANSITIONAL HOUSING. TAP - WE SERVED 13 FAMILIES INCLUDING 34 CHILDREN IN THE TAP PROGRAM. AVERAGE LENGTH OF STAY FOR CLIENTS EXITING WAS 7 MONTHS. 61% (8 OF 13 PARTICIPANTS) EXITED TO PERMANENT OR TRANSITIONAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcduff Margaret Holland CEO | Officer | 2 | $0 |
Browne Gbatoh Board Member | Trustee | 2 | $0 |
Farmer III Malcolm Chair (as Of 5/22) | OfficerTrustee | 2 | $0 |
Waddington Robert Treasurer (as Of 5/2022) | Officer | 2 | $0 |
Farrell Margaret Secretary (as Of 5/22) | OfficerTrustee | 2 | $0 |
Gorman Mark Chair (until 5/22)/board Member | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Damon Company Construction Management | 6/29/17 | $1,739,556 |
Wb Mason General Supplies | 6/29/17 | $109,029 |
Wb Mason General Supplies | 6/29/17 | $109,029 |
The Damon Company Construction Management | 6/29/17 | $1,739,556 |
Contractors Network Inc Construction Contractor | 6/29/17 | $102,788 |
Contractors Network Inc Construction Contractor | 6/29/17 | $102,788 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,857 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $864,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,157,454 |
| Total Program Service Revenue | $12,479 |
| Investment income | $10,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,181,036 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $120,894 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,874 |
| Fees for services: Other | $567,429 |
| Advertising and promotion | $60 |
| Office expenses | $8,518 |
| Information technology | $3,815 |
| Royalties | $0 |
| Occupancy | $155,765 |
| Travel | $3,993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,639 |
| Insurance | $6,553 |
| All other expenses | $4,336 |
| Total functional expenses | $1,010,138 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,495 |
| Savings and temporary cash investments | $742,789 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $224 |
| Net Land, buildings, and equipment | $3,166,006 |
| Investments—publicly traded securities | $528,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,778,745 |
| Accounts payable and accrued expenses | $64,946 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,499 |
| Total liabilities | $1,127,445 |
| Net assets without donor restrictions | $3,133,049 |
| Net assets with donor restrictions | $518,251 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,778,745 |