Hearthstone Elderly Housing Corporation
- Assets
- $600.8k
- Revenue
- $381.2k
- Investments
- $0.0
- Employees
- 0
- Location
- York, NE
- Founding
- 09/1990
- Data as of
- 09/2023
- EIN
- 36-3723577
Organization Overview
Hearthstone Elderly Housing Corporation is located in York, NE. The organization was established in 1990. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Hearthstone Elderly Housing Corporation 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 09/2023, Hearthstone Elderly Housing Corporation generated $381.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $243.5k during the year ending 09/2023. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME AND ELDERLY AND OR HANDICAPPED PERSONS WITH AFFORDABLE HOUSING FACILITIES AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING FOR THE LOW INCOME ELDERLY AND HANDICAPPED
LAUNDRY AND VENDING EQUIPOMENT AVAILABLE ON SITE
HOUSEKEEPING SERVICES AVAILABLE FOR CONTRACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Harris Chairperson | OfficerTrustee | 0 | $0 |
Shirley Witte Secretary | OfficerTrustee | 0 | $0 |
Kristie Holoch Board Member | Trustee | 0 | $0 |
Kelly Thomas Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,551 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,551 |
| Total Program Service Revenue | $103,567 |
| Investment income | $317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,205 |
| 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 | $24,838 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,084 |
| Office expenses | $158 |
| Information technology | $639 |
| Royalties | $0 |
| Occupancy | $90,699 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,947 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,040 |
| Insurance | $37,724 |
| All other expenses | $0 |
| Total functional expenses | $243,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$1,432 |
| 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 | $5,391 |
| Net Land, buildings, and equipment | $364,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $866 |
| Other assets | $224,149 |
| Total assets | $600,845 |
| Accounts payable and accrued expenses | $203,916 |
| 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 | $438,972 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,778 |
| Total liabilities | $652,666 |
| Net assets without donor restrictions | -$51,821 |
| Net assets with donor restrictions | $0 |
| 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 | $600,845 |