Overview
What is Hearthstone Elderly Housing Corporation?
Hearthstone Elderly Housing Corporation, situated in York, Nebraska, is a dedicated nonprofit organization. Their primary mission is to cater to the housing needs of low-income elderly and handicapped individuals. By offering affordable housing facilities and services, they strive to enhance the quality of life for these vulnerable groups. They are headquartered at 2222 N LINCOLN AVE, providing a much-needed resource in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45% (Zero-Star out of Four Star rating)
Hearthstone Elderly Housing Corporation has received a low score of 45%, which indicates significant concerns regarding its accountability and financial practices. The organization has failed to maintain an independent board, as there are no independent members out of ten, which may raise questions about governance and oversight. While the charity has demonstrated no material diversion of assets, other areas such as website transparency and policies related to whistleblowing and document retention are lacking.
Despite the financial concerns, Hearthstone has a high program expense ratio of 88.96%, indicating that a substantial portion of its funds is directed toward its programs rather than administrative costs. This reflects a commitment to its mission of supporting elderly housing. However, the lack of independent oversight and missing essential governance documents can undermine public trust and the organization's overall effectiveness.
The absence of a whistleblower policy and other governance-related documents on its website further highlight areas for improvement. The lack of transparency in these aspects could be detrimental to the charity's reputation and operational integrity moving forward. Addressing these issues could enhance its standing and ability to fulfill its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Hearthstone Elderly Housing Corporation legitimate?
Hearthstone Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearthstone Elderly Housing Corporation 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
What is the mission statement of Hearthstone Elderly Housing Corporation?
The Hearthstone Elderly Housing Corporation's mission is centered around providing affordable housing facilities and services for low-income elderly and handicapped individuals. This organization is dedicated to ensuring that these vulnerable groups have access to suitable living arrangements. By offering such facilities, the corporation aims to contribute positively to their lives, providing them with a sense of security and stability. The corporation's activities are geared towards meeting the unique needs of this demographic, striving to enhance their overall well-being.
Who is the CEO of Hearthstone Elderly Housing Corporation?
Shirley Witte is the Secretary of Hearthstone Elderly Housing Corporation.
What is the revenue of Hearthstone Elderly Housing Corporation?
Hearthstone Elderly Housing Corporation's revenue in 2022 was $204,664.
Who are the executives of Hearthstone Elderly Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Hearthstone Elderly Housing Corporation?
Hearthstone Elderly Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hearthstone Elderly Housing Corporation
Hearthstone Elderly Housing Corporation is dedicated to serving the needs of low-income elderly and handicapped individuals by providing them with affordable housing facilities and essential services. The organization's mission is to ensure that these vulnerable groups have access to suitable living arrangements, thereby contributing significantly to their well-being. By offering affordable housing, Hearthstone Elderly Housing Corporation aims to alleviate the financial burden on its residents, allowing them to focus on other essential aspects of their lives. The corporation's commitment extends beyond just housing, as it also ensures that its residents have the necessary support services to enhance their quality of life.
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Impact
October, 2024
Hearthstone Elderly Housing Corporation plays a significant role in enhancing the quality of life for low-income, elderly, and handicapped individuals in York, Nebraska. By offering affordable housing facilities and services, it addresses a critical need in the community, providing residents with secure and dignified living arrangements. This impact extends beyond mere shelter; it fosters a sense of community, independence, and support among residents who may otherwise face isolation or financial strain. The organization ensures that vulnerable populations have access to suitable living conditions, empowering them to lead fulfilling lives while maintaining their dignity and well-being.
This information is meant to be a general summary of Hearthstone Elderly Housing Corporation. 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: $18
- Program Service Revenue: $92,903
- Gross Receipts: $204,664
Assets and Liabilities:
- Total Assets: $483,209
- Total Liabilities: $672,728
- Net Assets: -$189,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental and leasing services
Revenue
$92,903
Organization Details
Founding Year
1989
Phone
(402) 362-0460Principal Officer
Shirley Witte
Main Address
2222 N LINCOLN AVE, YORK, NE, 684671030
NTEE Category
Code: L80Z - Housing
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