Overview
What is Hearth Inc?
Hearth Inc, a nonprofit organization situated in Boston, Massachusetts, is dedicated to eradicating homelessness among the elderly. They achieve this mission through a combination of prevention, placement, and housing programs. Hearth operates 228 units of permanent supportive housing across seven locations in Greater Boston, with a focus on providing serviced-enriched housing for elders. Their approach promotes self-sufficiency by connecting elders with necessary services such as mental health, health, and social services. Individual Service Plans are tailored to meet each resident's unique needs, enabling even frail elders to live with independence. Hearth's extensive housing service team, including nurses, social workers, and substance abuse specialists, supports residents to age with dignity, regardless of their medical, mental health, or social needs. The organization's vision is underpinned by respect for elders and staff, fostering an environment where everyone can reach their highest potential.
Official website here: www.hearth-home.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Hearth Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial management. The organization scored exceptionally well in various categories, particularly demonstrating a high level of oversight with a 100% score in Accountability & Finance. The majority of its board members are independent, which helps ensure transparency and integrity in decision-making processes.
Strengths of Hearth Inc include a solid financial structure, as evidenced by a low liabilities-to-assets ratio of 17.84%, indicating sound financial health. The organization also excels in program expenses, directing over 78% of its funds towards its programs. This dedication to transparency is further supported by their comprehensive policies on conflict of interest, whistleblower protections, and document retention.
While the data presents a robust picture of Hearth Inc's financial practices and governance, continued transparency in future financial reporting will be essential to maintain this level of trust. Overall, the organization stands out as a responsible steward of resources, committed to its mission and effective management.
This AI summary has been generated from information found on Charity Navigator.
Is Hearth Inc legitimate?
Hearth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearth 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $296,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,825,543
For more financial information, click here
Official website here: www.hearth-home.org
What is the mission statement of Hearth Inc?
Hearth Inc, a nonprofit organization, is committed to eliminating homelessness among the elderly. This mission is achieved through a blend of prevention, placement, and housing programs. These programs aim to assist elders in finding and successfully maintaining homes of their own. The housing provided by Hearth Inc offers supportive social and health services to help residents age with dignity, regardless of their medical, mental health, or social needs. This is accomplished by respecting the elders and staff, enabling everyone to reach their full potential.
Official website here: www.hearth-home.org
Who is the CEO of Hearth Inc?
Mark D Hinderlie is the President & Ceo of Hearth Inc. The CEO's salary of Hearth Inc is $169,096 and their total compensation is $170,123.
Official website here: www.hearth-home.org
What is the revenue of Hearth Inc?
Hearth Inc's revenue in 2021 was $7,949,326.
Official website here: www.hearth-home.org
Who are the executives of Hearth Inc and what are their salaries?
The average compensation at Hearth Inc during 2021 was $30,916. There are 101 employees and 58 volunteers at Hearth Inc.
Here are 28 key members and their salaries (Hearth Inc's CEO's salary is $169,096 and their total compensation is $170,123):
- Compensation: $169,096
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- Compensation: $122,819
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- Other: $6,235
- Compensation: $100,888
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- Other: $12,063
- Compensation: $101,313
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- Other: $5,517
Official website here: www.hearth-home.org
Where can I find the form 990 for Hearth Inc?
Hearth Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.hearth-home.org
Learn more at the official website: www.hearth-home.org
Mission Statement of Hearth Inc
Hearth Inc, a nonprofit organization, is committed to eradicating homelessness among the elderly. They achieve this mission through a unique blend of prevention, placement, and housing programs. The primary goal is to assist elderly individuals in finding and sustaining homes of their own. Moreover, Hearth Inc provides supportive social and health services to help its residents age with dignity, regardless of their medical, mental health, or social needs. This is accomplished by upholding respect for both elders and staff, enabling everyone to reach their highest potential.
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Impact
July, 2024
Hearth Inc's impact is centered around the elimination of homelessness among the elderly. Through a comprehensive approach that includes prevention, placement, and housing programs, Hearth Inc is dedicated to helping elderly individuals find and thrive in homes of their own. With a focus on supportive housing, Hearth Inc operates 228 units of permanent supportive housing in seven locations across Greater Boston. By providing or connecting elders with essential services such as mental health, health, and social services, Hearth Inc promotes self-sufficiency and independence among its residents. Through individualized service plans tailored to each resident's unique needs, even frail elders can live with dignity and autonomy. Hearth Inc's commitment to respecting elders and staff alike ultimately enables all individuals to reach their full potential.
This information is meant to be a general summary of Hearth 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 2021.
- Investment Income: $109,683
- Program Service Revenue: $2,662,311
- Gross Receipts: $7,949,326
Assets and Liabilities:
- Total Assets: $12,790,165
- Total Liabilities: $2,282,920
- Net Assets: $10,507,245
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$1,730,062
FEES AND PROJECT REIMB
Revenue
$906,215
ADVANCES TO AFFILIATED
Revenue
$26,034
Organization Details
Founding Year
1993
Phone
(617) 369-1550Principal Officer
Mark D Hinderlie
Main Address
1640 WASHINGTON STREET, BOSTON, MA, 02118
Website
www.hearth-home.orgNTEE Category
Code: L20Z - Housing
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