Hearth Inc
- Assets
- $204.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1994
- Data as of
- 12/2021
- EIN
- 22-3135170
Organization Overview
Hearth Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Hearth Inc 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 12/2021, Hearth Inc generated $98.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $155.3k during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
OPERATES NINE UNITS OF HOUSING FOR FORMERLY HOMELESS ELDERLY WOMEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Abrams Board Member | 0.1 | $0 | |
Ramesh Advani Board Member | 0.1 | $0 | |
Jennifer Bottomley Board Member | 0.1 | $0 | |
Thomas Byrne Board Member | 0.1 | $0 | |
Rebecca Tyler Brown Board Member | 0.1 | $0 | |
Diana Kelly Board Member | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $98,348 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $98,354 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,798 |
| Professional fees and other payments to independent contractors | $1,492 |
| Occupancy, rent, utilities, and maintenance | $98,488 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,524 |
| Total expenses | $155,302 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,948 |
| Other assets | $0 |
| Total assets | $203,953 |
| Total liabilities | $270,623 |
| Net assets or fund balances | -$66,670 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hearth Inc has recieved totaling $10,250.
| Awarding Organization | Amount |
|---|---|
Edward Austin Trust Uw 1 20011 03 Bank Of New England Na Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |