Heritage Haven Inc
- Assets
- $2.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 8
- Location
- Harrisonburg, VA
- Founding
- 09/1978
- Data as of
- 03/2022
- EIN
- 51-0228675
Organization Overview
Heritage Haven Inc is located in Harrisonburg, VA. The organization was established in 1978. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 03/2022, Heritage Haven Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heritage Haven 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 03/2022, Heritage Haven Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.6m during the year ending 03/2022. While expenses have increased by 1.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A DESTINATION HUB FOR THOSE WHO WANT TO AGE WELL IN A VIBRANT, AUTHENTIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF HUD SUBSIDIZED APARTMENTS FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron Blosser Secretary/tr | OfficerTrustee | 1 | $0 |
Debra King Chair | OfficerTrustee | 1 | $0 |
Teresa Boshart Yoder Vice Chair | OfficerTrustee | 1 | $0 |
Judith Trumbo CEO | Officer | $0 | |
Mike Piper CFO | Officer | 40 | $0 |
Troy Snyder Incoming CEO | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,446,152 |
| Investment income | $509 |
| 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 | $1,446,661 |
| 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 | $242,058 |
| Pension plan accruals and contributions | $10,300 |
| Other employee benefits | $21,072 |
| Payroll taxes | $17,689 |
| Fees for services: Management | $97,397 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $16,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,674 |
| Advertising and promotion | $126 |
| Office expenses | $20,863 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $194,865 |
| Travel | $28 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $312 |
| Interest | $157,471 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $303,275 |
| Insurance | $32,430 |
| All other expenses | $0 |
| Total functional expenses | $1,597,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400 |
| Savings and temporary cash investments | $360,423 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,466 |
| 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 | $6,595 |
| Net Land, buildings, and equipment | $1,586,558 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $182,307 |
| Other assets | $49,971 |
| Total assets | $2,187,720 |
| Accounts payable and accrued expenses | $93,131 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $55,581 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,539,781 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,688,493 |
| Net assets without donor restrictions | -$2,500,773 |
| 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 | $2,187,720 |
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|---|---|---|
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Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Project Plase Inc Baltimore, MD | $6,563,951 | $8,999,720 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
Ebed Community Improvement Inc Upper Marlboro, MD | $8,136,869 | $7,675,137 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
Family Scholar House Inc Louisville, KY | $18,614,591 | $4,995,688 |
Lewinsville Retirement Residence McLean, VA | $23,915,511 | $4,142,115 |
Patricia And Mark Joseph Shelter Foundation Inc Baltimore, MD | $50,852,875 | $6,368,087 |
Affordable Housing Opportunities Inc Washington, DC | $42,188,796 | $3,175,376 |