Heat And Warmth Fund
- Assets
- $19.4m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 34
- Location
- Detroit, MI
- Founding
- 03/1986
- Data as of
- 06/2023
- EIN
- 38-2646924
Organization Overview
Heat And Warmth Fund is located in Detroit, MI. The organization was established in 1986. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Heat And Warmth Fund employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heat And Warmth Fund 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 06/2023, Heat And Warmth Fund generated $12.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $11.4m during the year ending 06/2023. 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 HOUSEHOLDS IN MICHIGAN WITH UTILITY PAYMENT ASSISTANCE WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION AND SELF SUFFICIENCY THROUGH ACCESS TO WRAPAROUND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MEAP PROGRAM PROVIDES SERVICES TO RESIDENTS OF MICHIGAN WITH INCOMES AT OR BELOW 150% OF THE FEDERAL POVERTY LEVEL WHO HAVE DIFFICULTY PAYING THE COSTS OF THEIR HEAT AND/OR ELECTRICITY. DIRECT ASSISTANCE WITH BILL PAYMENTS IS PROVIDED AS A ONETIME PAYMENT OR ENROLLMENT IN A 24-MONTH AFFORDABLE PAYMENT PLAN WITH A FIXED MONTHLY PAYMENT. SUPPORTIVE SERVICES INCLUDE ENERGY EDUCATION, NEEDS ASSESSMENT, VENDOR ADVOCACY, FINANCIAL COUNSELING AND CASE MANAGEMENT. FROM JULY 2022 THROUGH JUNE 2023 THAW AIDED 7,801 HOUSEHOLDS THROUGH MEAP. THE MAJORITY OF HOUESHOLDS, 62%, RECEIVED THE PROTECTION OF AN AFFORDABLE PAYMENT PLAN AND 38% RECEIVED A ONETIME PAYMENT. ALL APPLICANTS RECEIVED AT LEAST ONE SUPPORTIVE SERVICE.
GAS, ELECTRIC, AND WATER UTILITY ASSISTANCE PAYMENTS, ENROLLMENT IN GAS AND ELECTRIC UTILITY AFFORDABLE PAYMENT PLANS, ENERGY EFFICIENCY EDUCATION, AND UTILITY CONSERVATION MEASURES TO HOUSEHOLDS THROUGHOUT THE STATE OF MICHIGAN.
THE ENERGY EFFICIENCY ASSISTANCE PROGRAM SERVICED 185 CUSTOMERS DURING 2023. THE PROGRAM ASSISTS CUSTOMERS WITH ACHIEVING HEAT, WATER, AND ELECTRIC EFFICIENCY SUSTAINABILITY BY PROVIDING NEW ENERGY EFFICIENT FURNACES, CENTRAL AIR UNITS, REFRIGERATORS, WATER HEATERS, BASEMENT/ATTIC INSULATION AND PROGRAMMABLE THERMOSTATS.
THAW'S BRIDGE THE GAP PROGRAM, IN PARTNERSHIP WITH TOTAL HEALTH CARE FOUNDATION, PROVIDED UTILITY ASSISTANCE TO 175 DETROIT HOUSEHOLDS BY EXPANDING INCOME QUALIFICATIONS TO FAMILIES WITH INCOME 151%-400% OF THE FEDERAL POVERTY LEVEL. THAW SUCCESSFULLY MET OUR GOALS OF SERVING THESE FAMILIES IN DETROIT AND LEARNED THAT UTILITY ASSISTANCE FOR THESE FAMILIES HELPED ADDRESS THE LACK OF SUPPORT AVAILABLE FOR FAMILIES JUST ABOVE THE FEDERAL POVERTY LINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Rouls Board Member At Large | Trustee | 1 | $0 |
Romano Curti Board Member | Trustee | 1 | $0 |
James Doak Board Member | Trustee | 1 | $0 |
Katey Forth Board Member | Trustee | 1 | $0 |
Pat Alexander Board Member | Trustee | 1 | $0 |
Cedric Flowers Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Slalom Llc Cmrs Services | 6/29/23 | $802,811 |
A&h Hvac Inc Installation Of Heating & Cooling Energy | 6/29/23 | $746,043 |
Air Comfort Pro Llc Installation Of Heating & Cooling Energy | 6/29/23 | $201,140 |
Wolverine Solutions Group Professional Services | 6/29/23 | $193,170 |
Five9 Inc Software | 6/29/23 | $188,073 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,074,571 |
| Related organizations | $0 |
| Government grants | $6,667,249 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,719,182 |
| Noncash contributions included in lines 1a–1f | $52,107 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,461,002 |
| Total Program Service Revenue | $0 |
| Investment income | $38,617 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$83,768 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,469,510 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,942,829 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $672,560 |
| Compensation of current officers, directors, key employees. | $217,965 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,298,774 |
| Pension plan accruals and contributions | $24,351 |
| Other employee benefits | $188,358 |
| Payroll taxes | $134,883 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $923 |
| Fees for services: Accounting | $434,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,865 |
| Fees for services: Other | $620,290 |
| Advertising and promotion | $1,003 |
| Office expenses | $469,596 |
| Information technology | $54,552 |
| Royalties | $0 |
| Occupancy | $200,016 |
| Travel | $14,185 |
| 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 | $73,285 |
| Insurance | $49,400 |
| All other expenses | $2,738 |
| Total functional expenses | $11,382,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,968,206 |
| Savings and temporary cash investments | $387,796 |
| Pledges and grants receivable | $1,504,759 |
| Accounts receivable, net | $0 |
| 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 | $60,036 |
| Net Land, buildings, and equipment | $1,583,926 |
| Investments—publicly traded securities | $1,145,221 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $199,020 |
| Other assets | $502,426 |
| Total assets | $19,351,390 |
| Accounts payable and accrued expenses | $747,033 |
| Grants payable | $0 |
| Deferred revenue | $570,552 |
| 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 | $815,213 |
| Total liabilities | $2,132,798 |
| Net assets without donor restrictions | $11,808,381 |
| Net assets with donor restrictions | $5,410,211 |
| 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 | $19,351,390 |