Hearts To Homes Furnishings Inc
- Assets
- $217.8k
- Revenue
- $323.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Yonkers, NY
- Founding
- 02/2018
- Data as of
- 08/2021
- EIN
- 32-0542526
Organization Overview
Hearts To Homes Furnishings Inc is located in Yonkers, NY. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearts To Homes Furnishings 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 08/2021, Hearts To Homes Furnishings Inc generated $323.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.2% each year . All expenses for the organization totaled $232.7k during the year ending 08/2021. While expenses have increased by 45.5% per year over the past 4 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.
Since 2020, Hearts To Homes Furnishings Inc has awarded 32 individual grants totaling $486,887. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HEARTS TO HOMES IS TO ASSIST YOUNG ADULTS WHO HAVE JUST AGED OUT OF FOSTER CARE. THIS ASSISTANCE ALLEVIATES SOME OF THE STRESS DURING THE INITIAL TRANSITION BY PROVIDING THE ESSENTIALS TO FURNISH A NEW HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED ESSENTIAL HOUSEHOLD FURNISHINGS AND FURNITURE TO 98 YOUNG ADULTS WHO WERE AGING OUT OF THE FOSTER CARE SYSTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Arcaro Vice President | OfficerTrustee | 1 | $0 |
Mary Theresa Mccombe Executive Director | OfficerTrustee | 40 | $0 |
Gregory Spero Treasurer | OfficerTrustee | 10 | $0 |
Diane Vezza Secretary | OfficerTrustee | 2 | $0 |
Anna Berardi Board Member | Trustee | 1 | $0 |
Dan Suzuki Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,385 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $284,081 |
| Noncash contributions included in lines 1a–1f | $14,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $319,466 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23 |
| Net Income from Fundraising Events | $3,904 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $323,348 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $203,919 |
| Grants and other assistance to domestic individuals. | $725 |
| 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 | $0 |
| Fees for services: Legal | $3,875 |
| Fees for services: Accounting | $3,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,531 |
| Advertising and promotion | $0 |
| Office expenses | $3,384 |
| Information technology | $3,336 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $126 |
| Insurance | $1,234 |
| All other expenses | $75 |
| Total functional expenses | $232,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $10,811 |
| Accounts receivable, net | $40 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,361 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $217,759 |
| Accounts payable and accrued expenses | $49,946 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $49,946 |
| Net assets without donor restrictions | $117,813 |
| Net assets with donor restrictions | $50,000 |
| 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 | $217,759 |
Grants Awarded
Over the last fiscal year, Hearts To Homes Furnishings Inc has awarded $203,919 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Family services agency who identifies the young adults in need | $34,461 |
Brooklyn, NY PURPOSE: Family services agency who identifies the young adults in need | $30,582 |
Brooklyn, NY PURPOSE: Family services agency who identifies the young adults in need | $27,632 |
Brooklyn, NY PURPOSE: Family services agency who identifies the young adults in need | $15,874 |
Irvington, NY PURPOSE: Family services agency who identifies the young adults in need | $13,565 |
Forest Hills, NY PURPOSE: Family services agency who identifies the young adults in need | $12,478 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Hearts To Homes Furnishings Inc has recieved totaling $59,592.
| Awarding Organization | Amount |
|---|---|
Pinkerton Foundation New York, NY PURPOSE: CAREER READINESS | $25,000 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $14,234 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,050 |
Grandview-Steers Foundation Rye, NY PURPOSE: GENERAL SUPPORT | $5,025 |
Newmans Own Foundation Westport, CT PURPOSE: FROM FOSTER CARE TO FIRST HOME - PROVIDING FURNISHINGS FOR YOUNG ADULTS AGING OUT OF FOSTER CARE. | $2,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,400 |
Endowment Analysis
| Net Contributions | $50,000 |
| Ending Balance | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Grantham Foundation For The Protection Of The Environment Boston, MA | $585,096,833 | $210,457,800 |
Candid New York, NY | $88,006,038 | $55,202,801 |
Forsyth Dental Infirmary For Children Cambridge, MA | $46,427,599 | $15,162,236 |
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |