Overview
What is Lucy's Hearth?
Lucy's Hearth is a nonprofit organization situated in Middletown, Rhode Island. Their primary mission is to offer shelter and support to homeless families and their children, aiming to foster family health, stability, and self-sufficiency. They provide three main services: an Intake and Assessment Program, a Transitional Apartment Program, and Permanent Supportive Housing. The Intake and Assessment Program offers emergency apartment-style shelter for six families for up to 90 days, with 62% of the families eventually securing permanent or transitional housing. The Transitional Apartment Program provides bridge housing for nine families, allowing them to stay up to 24 months until they can find permanent housing. Lastly, the Permanent Supportive Housing serves two chronically homeless families in off-site apartments. As of the data provided, Lucy's Hearth has helped 75 children and 37 families in the Intake and Assessment Program and 34 children and 13 families in the Transitional Apartment Program, with a majority of families successfully transitioning to permanent or transitional housing.
Official website here: www.lucyshearth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Lucy's Hearth has achieved an impressive 96% score on Charity Navigator, reflecting its strong performance in accountability and financial management. This high rating is underpinned by a perfect score in several key areas, including having a fully independent board and robust financial oversight mechanisms. Such transparency and governance practices are critical for maintaining donor trust and operational integrity.
The organization's financial health is commendable, with a program expense ratio of 88.01%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, Lucy's Hearth has demonstrated effective management with no material diversion of assets, further solidifying its credibility as a responsible nonprofit.
While the rating data highlights considerable strengths, ongoing communication with stakeholders and continued focus on financial sustainability will be essential as the organization navigates future challenges. Overall, Lucy's Hearth appears to be a well-managed nonprofit dedicated to its mission and accountable to its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Lucy's Hearth legitimate?
Lucy's Hearth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lucy's Hearth 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lucyshearth.org
What is the mission statement of Lucy's Hearth?
Lucy's Hearth is committed to providing comprehensive programs and services to homeless families in a safe and supportive environment. Their mission aims to promote family health, stability, and self-sufficiency, ultimately leading to secure permanent affordable housing. They offer two primary services: an Intake and Assessment Program, providing emergency shelter for six families for up to 90 days, and a Transitional Apartment Program, offering bridge housing for nine families for up to two years. The Permanent Supportive Housing program provides apartments for two chronically homeless families. Lucy's Hearth has achieved significant accomplishments, with 62% of families in the Intake and Assessment Program exiting to permanent or transitional housing, and 61% of families in the Transitional Apartment Program achieving the same goal.
Official website here: www.lucyshearth.org
Who is the CEO of Lucy's Hearth?
Malcolm Farmer Iii is the Ceo of Lucy's Hearth. The CEO's salary of Lucy's Hearth is $0 and their total compensation is $370,226.
Official website here: www.lucyshearth.org
What is the revenue of Lucy's Hearth?
Lucy's Hearth's revenue in 2022 was $1,181,036.
Official website here: www.lucyshearth.org
Who are the executives of Lucy's Hearth and what are their salaries?
There 5 volunteers at Lucy's Hearth.
Here are 17 key members and their salaries (Lucy's Hearth's CEO's salary is $0 and their total compensation is $370,226):
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- Other: $28,197
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Official website here: www.lucyshearth.org
Where can I find the form 990 for Lucy's Hearth?
Lucy's Hearth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lucyshearth.org
Learn more at the official website: www.lucyshearth.org
Mission Statement of Lucy's Hearth
Lucy's Hearth, a nonprofit organization, is dedicated to providing comprehensive programs and services to homeless families and their children in a safe, supportive environment. The mission of Lucy's Hearth is to promote family health and stability, increase self-sufficiency, and ultimately help these families achieve permanent affordable housing. The organization offers two primary services within its main program: the Intake and Assessment Program (IAP) and the Transitional Apartment Program (TAP).
Through the IAP, Lucy's Hearth provides emergency apartment-style shelter for six families, allowing them to reside for up to 90 days. The Transitional Apartment Program (TAP), on the other hand, offers bridge housing for nine families, providing temporary housing until they secure permanent housing. Families can remain in TAP for up to 24 months. Additionally, Lucy's Hearth offers Permanent Supportive Housing (PSH) for two chronically homeless families in off-site apartments.
The organization has seen significant achievements in its efforts to help families transition to more stable living situations. In the IAP program, Lucy's Hearth served 37 families, including 75 children, with an average length of stay for clients exiting being 90 days. A notable 62% of participants exited the program to permanent or transitional housing. Similarly, the TAP program served 13 families, including 34 children, with an average length of stay for exiting clients being 7 months. A substantial 61% of TAP participants also transitioned to permanent or transitional housing.
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Impact
October, 2024
Lucy's Hearth provides vital shelter and services to homeless families and their children, significantly impacting the local community by addressing immediate housing needs and promoting long-term stability. Through its Intake and Assessment Program (IAP), it offers emergency apartment-style shelter for families, allowing them to stay for up to 90 days. In the past year, IAP served 37 families, including 75 children, with 62% successfully transitioning to permanent or transitional housing after an average stay of 90 days.
Additionally, the Transitional Apartment Program (TAP) supports families needing longer-term solutions by providing bridge housing for up to 24 months. This program served 13 families and 34 children, achieving a 61% success rate in helping participants secure permanent or transitional housing after an average stay of 7 months.
Furthermore, the Permanent Supportive Housing program addresses the needs of two chronically homeless families with off-site apartments, helping to stabilize their living situations.
The comprehensive approach of Lucy's Hearth fosters a safe and supportive environment, enhancing family health and promoting self-sufficiency. This not only aids individual families but also contributes to the overall well-being and stability of the community in Middletown, RI.
This information is meant to be a general summary of Lucy's Hearth. 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: $8,991
- Program Service Revenue: $12,479
- Gross Receipts: $1,207,618
Assets and Liabilities:
- Total Assets: $4,778,745
- Total Liabilities: $1,127,445
- Net Assets: $3,651,300
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$12,479
Organization Details
Founding Year
1984
Phone
(401) 847-2021Principal Officer
Malcolm Farmer Iii
Main Address
19 VALLEY ROAD, MIDDLETOWN, RI, 02842
Website
www.lucyshearth.orgNTEE Category
Code: L410 - Housing
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