Overview
What is Hearthstone Homes Of Wolfeboro Inc?
Hearthstone Homes of Wolfeboro Inc is a nonprofit organization situated in Wolfeboro, New Hampshire. Their primary mission is to offer affordable housing solutions for the elderly community in the area, with a total of 77 residential units available. The organization is dedicated to providing low and moderate income housing, ensuring that elderly residents in the locality have access to comfortable living spaces. The description does not provide information about additional programs, resources, or community outreach initiatives that Hearthstone Homes of Wolfeboro Inc may offer.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Hearthstone Homes of Wolfeboro Inc has received a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization boasts a high program expense ratio of 99.74%, suggesting that nearly all of its funds are directed towards its programs rather than administrative costs. This strong emphasis on program funding reflects a commitment to fulfilling its mission effectively.
The charity's governance structure is robust, with a fully independent board comprising six members, which is crucial for maintaining transparency and reducing conflicts of interest. The organization has also implemented effective oversight measures, evidenced by a perfect score in audit and oversight practices, and it has established comprehensive policies for document retention and conflict of interest.
While the organization demonstrates strong performance in key financial and governance metrics, no specific limitations or concerns were noted in the available data. Overall, Hearthstone Homes of Wolfeboro Inc appears to be a responsible organization dedicated to its mission, with effective management practices in place.
This AI summary has been generated from information found on Charity Navigator.
Is Hearthstone Homes Of Wolfeboro Inc legitimate?
Hearthstone Homes Of Wolfeboro Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearthstone Homes Of Wolfeboro Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Other Salaries and Wages: $0
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What is the mission statement of Hearthstone Homes Of Wolfeboro Inc?
Hearthstone Homes Of Wolfeboro Inc is committed to providing affordable housing for the elderly community. Their mission is centered around creating a living environment for elderly individuals who fall under the category of low and moderate income. This organization focuses on constructing and managing housing projects specifically designed for this demographic, ensuring they have a safe and comfortable place to call home. By offering this service, Hearthstone Homes Of Wolfeboro Inc contributes to the well-being and independence of the elderly population, allowing them to maintain their dignity and livelihood.
Who is the CEO of Hearthstone Homes Of Wolfeboro Inc?
Ed Gillespie is the President of Hearthstone Homes Of Wolfeboro Inc.
What is the revenue of Hearthstone Homes Of Wolfeboro Inc?
Hearthstone Homes Of Wolfeboro Inc's revenue in 2022 was $789,561.
Who are the executives of Hearthstone Homes Of Wolfeboro Inc and what are their salaries?
There 8 volunteers at Hearthstone Homes Of Wolfeboro Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Hearthstone Homes Of Wolfeboro Inc?
Hearthstone Homes Of Wolfeboro Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hearthstone Homes Of Wolfeboro Inc
Hearthstone Homes of Wolfeboro Inc is committed to providing low and moderate income housing for the elderly residing in Wolfeboro, NH. This nonprofit organization's mission is to cater to the housing needs of the elderly population, offering them a secure and comfortable living environment. With a total of 77 housing units at their disposal, Hearthstone Homes of Wolfeboro Inc strives to create an atmosphere where the elderly can age with dignity and independence. The organization's initiatives are specifically designed to address the housing needs of the elderly, ensuring they have access to safe and affordable living spaces. By providing low and moderate income housing, Hearthstone Homes of Wolfeboro Inc aims to support the elderly community, helping them maintain their quality of life and independence as they grow older.
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Impact
July, 2024
Hearthstone Homes Of Wolfeboro Inc's impact lies in providing essential low and moderate-income housing for the elderly population of Wolfeboro, NH. Through their housing projects comprising 77 units, they ensure that seniors in the community have a safe and affordable place to call home. By focusing on this specific demographic, the organization addresses a crucial need for elderly individuals who may face challenges in finding suitable housing options. Hearthstone Homes Of Wolfeboro Inc's mission is centered around fostering a supportive and inclusive living environment for the elderly residents of Wolfeboro, ultimately enhancing their quality of life and well-being.
This information is meant to be a general summary of Hearthstone Homes Of Wolfeboro Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,204
- Program Service Revenue: $333,026
- Gross Receipts: $789,561
Assets and Liabilities:
- Total Assets: $3,601,317
- Total Liabilities: $2,641,828
- Net Assets: $959,489
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$333,026
Organization Details
Founding Year
1946
Phone
(603) 569-2009Principal Officer
Ed Gillespie
Main Address
67 CENTER STREET, WOLFEBORO, NH, 03894
NTEE Category
Code: L220 - Housing
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