Overview
What is Hearth Connection?
Hearth Connection is a Minnesota-based nonprofit organization dedicated to strengthening the state's supportive housing network for individuals with long histories of homelessness. By acting as an intermediary between government, philanthropy, and direct service providers, Hearth Connection offers funding, administrative support, fiscal, and programmatic oversight to community organizations in 46 Minnesota counties. In 2022, the organization managed various functions for four regional collaboratives, supporting 1,941 individuals across 1,127 households in the metro, northeastern, southeastern, and central Minnesota regions. Hearth Connection's mission is to build relationships, resources, infrastructure, and understanding, ensuring no Minnesotan remains homeless and enabling those who were previously homeless to thrive. The organization has a team of 24 employees.
Official website here: www.hearthconnection.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83% (Three-Star out of Four Star rating)
Hearth Connection has received an overall score of 83%, indicating a solid performance in terms of accountability and finance. This rating is based entirely on the charity's financial management practices, which have been evaluated positively. The organization boasts a fully independent board, robust financial statements, and comprehensive policies for conflict of interest and whistleblowing, contributing to its strong accountability score.
One of the notable strengths of Hearth Connection is its high program expense ratio of 92.11%, suggesting that a significant portion of its expenditures goes directly toward its programs rather than administrative costs. The charity has also demonstrated effective governance through its independent board structure and the establishment of various oversight mechanisms, which are essential for building trust and credibility with donors and stakeholders.
However, there are areas where the organization could improve, particularly in its liabilities to assets ratio, which stands at 67.19%. While this is not necessarily alarming, it suggests that there may be room for better management of liabilities to ensure long-term financial health. Overall, Hearth Connection appears to maintain a strong foundation in accountability and finance, aligning well with the expectations of potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Hearth Connection legitimate?
Hearth Connection is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearth Connection 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: $133,336
Professional Fundraising Fees: $0
Other Salaries and Wages: $887,949
For more financial information, click here
Official website here: www.hearthconnection.org
What is the mission statement of Hearth Connection?
Hearth Connection is dedicated to helping Minnesotans who are homeless or housing unstable. Their mission goes beyond just providing assistance; it's about building relationships, resources, infrastructure, and understanding so that no one in Minnesota remains homeless. The organization acts as a bridge between government, philanthropy, and direct service providers, offering funding, administrative support, fiscal and programmatic oversight, and other essential functions to community organizations in 46 Minnesota counties. In 2022, Hearth Connection supported over 1,900 individuals across 1,127 households in the metro, northeastern, southeastern, and central Minnesota regions by managing their finances, administration, service provider oversight, reporting, and various other functions for four regional collaboratives.
Official website here: www.hearthconnection.org
Who is the CEO of Hearth Connection?
Marcus Schmit is the Chair of Hearth Connection.
Official website here: www.hearthconnection.org
What is the revenue of Hearth Connection?
Hearth Connection's revenue in 2022 was $13,144,302.
Official website here: www.hearthconnection.org
Who are the executives of Hearth Connection and what are their salaries?
The average compensation at Hearth Connection during 2022 was $42,554. There are 24 employees and 16 volunteers at Hearth Connection.
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- Compensation: $119,010
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- Other: $14,326
Official website here: www.hearthconnection.org
Where can I find the form 990 for Hearth Connection?
Hearth Connection's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hearthconnection.org
Learn more at the official website: www.hearthconnection.org
Mission Statement of Hearth Connection
Hearth Connection, a Minnesota-based organization, is dedicated to building relationships, resources, infrastructure, and understanding to ensure that no one in the state remains homeless. With a broad mission, Hearth Connection works towards helping people who have experienced homelessness prosper. As an intermediary between government, philanthropy, and direct service providers, Hearth Connection offers funding, administrative support, fiscal, and programmatic oversight to community organizations in 46 Minnesota counties. In 2022, Hearth Connection managed finances, administration, service provider oversight, reporting, and other functions for four regional collaboratives, supporting 1,941 individuals across 1,127 households in the metro, northeastern, southeastern, and central Minnesota regions. Hearth Connection's efforts extend beyond just financial assistance - they play a crucial role in strengthening Minnesota's network of supportive housing for those with long histories of homelessness. The organization serves as a vital link between various stakeholders, facilitating collaboration and ensuring the provision of essential services to those in need.
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Impact
October, 2024
Hearth Connection plays a crucial role in addressing homelessness and housing instability in Minnesota. By fostering collaboration among various stakeholders, it significantly enhances the state's supportive housing network for individuals with long histories of homelessness. Acting as an intermediary, Hearth Connection connects government resources, philanthropic support, and direct service providers to create a cohesive system of care.
In 2022 alone, Hearth Connection managed and provided oversight for community organizations across 46 counties. This extensive reach assisted 1,941 individuals from 1,127 households, demonstrating its effectiveness in improving lives in regions such as the metro, northeastern, southeastern, and central areas of Minnesota. Through strategic funding and administrative support, it empowers local organizations to deliver essential services, creating a robust infrastructure that helps ensure that no one in Minnesota remains homeless and enabling those who have experienced homelessness to thrive.
This information is meant to be a general summary of Hearth Connection. 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: $1,020
- Program Service Revenue: $1,417,789
- Gross Receipts: $13,144,302
Assets and Liabilities:
- Total Assets: $2,575,145
- Total Liabilities: $1,730,383
- Net Assets: $844,762
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$1,417,789
Organization Details
Founding Year
1999
Phone
(651) 645-0676Principal Officer
Marcus Schmit
Main Address
2446 UNIVERSITY AVENUE WEST 150, SAINT PAUL, MN, 55114
Website
www.hearthconnection.orgNTEE Category
Code: L99 - Housing
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