Overview
What is Hearth Homes Of Waterbury Inc?
Hearth Homes of Waterbury Inc, situated in Waterbury, Connecticut, is a dedicated nonprofit organization focusing on senior housing and retirement. Their primary mission is to develop and sustain affordable living spaces for the elderly with limited income. This nonprofit's commitment extends to providing low-income elderly housing, aiming to ensure that elderly individuals have access to comfortable and secure living environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Hearth Homes of Waterbury Inc has earned a Three-Star rating from Charity Navigator, which reflects a strong focus on accountability and finance. The organization scored 75%, indicating a solid performance in managing its resources responsibly. The overall score is derived entirely from its accountability and finance metrics, showcasing the organization's commitment to transparency and effective financial management.
Strengths highlighted in the evaluation include having a fully independent board, with all eight members meeting independence criteria. The organization demonstrated excellent practices in preventing conflicts of interest and has a clear policy for document retention and destruction. Additionally, Hearth Homes maintains a strong program expense ratio of 90.08%, indicating that a significant portion of its funding is directed toward its mission-related programs.
However, while the organization has a commendable rating and demonstrates strong financial accountability, there are no additional qualitative aspects or user feedback noted that could provide insight into its programmatic impact or community engagement. Overall, Hearth Homes appears to manage its finances effectively, but potential donors may want to seek more detailed information regarding its operational effectiveness and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Hearth Homes Of Waterbury Inc legitimate?
Hearth Homes Of Waterbury Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearth Homes Of Waterbury 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,635
For more financial information, click here
What is the mission statement of Hearth Homes Of Waterbury Inc?
Hearth Homes Of Waterbury Inc is committed to developing and maintaining affordable housing for the elderly with limited income. Their mission is centered around providing a living space that caters to the needs of this demographic, ensuring they can age with dignity and independence. By offering low income elderly housing, the organization aims to contribute to a more inclusive and supportive community for the elderly. Their activities primarily focus on the construction, maintenance, and management of affordable senior housing facilities.
Who is the CEO of Hearth Homes Of Waterbury Inc?
Carolyn Highsmith is the President of Hearth Homes Of Waterbury Inc.
What is the revenue of Hearth Homes Of Waterbury Inc?
Hearth Homes Of Waterbury Inc's revenue in 2022 was $523,108.
Who are the executives of Hearth Homes Of Waterbury Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hearth Homes Of Waterbury Inc?
Hearth Homes Of Waterbury Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hearth Homes Of Waterbury Inc
Hearth Homes of Waterbury, as a nonprofit organization, is dedicated to the development and maintenance of affordable housing for the elderly with limited income. Its mission is centered around providing a safe and comfortable living environment for this demographic, ensuring that they can age with dignity and independence. By focusing on low income elderly housing, Hearth Homes of Waterbury seeks to alleviate the housing burden faced by many elderly individuals, allowing them to concentrate on their health and well-being. The organization's commitment to this mission is evident in its tireless efforts to develop and maintain such housing, thereby contributing to the overall quality of life for the elderly community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hearth Homes Of Waterbury Inc's impact is significant in providing low-income elderly individuals in Waterbury, CT with affordable housing options. By developing and maintaining housing specifically for this demographic, Hearth Homes Of Waterbury Inc helps address the pressing need for suitable accommodations for seniors with limited financial resources. This not only ensures a basic human need is met but also contributes to the overall well-being and quality of life of the elderly population in the area.
This information is meant to be a general summary of Hearth Homes Of Waterbury 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: $105
- Program Service Revenue: $523,003
- Gross Receipts: $523,108
Assets and Liabilities:
- Total Assets: $10,324,239
- Total Liabilities: $50,111
- Net Assets: $10,274,128
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$523,003
Organization Details
Founding Year
2010
Phone
(203) 230-4809Principal Officer
Carolyn Highsmith
Main Address
5 ABBOTT TERRACE, WATERBURY, CT, 067021431
NTEE Category
Code: L20 - Housing
If you are a representative of Hearth Homes Of Waterbury Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.