Overview
What is Hearth Foundation Inc?
Hearth Foundation Inc, located in Tucson, Arizona, is a dedicated nonprofit organization with a single employee. Their primary mission is to ensure the availability of safe and affordable housing for low-income families. Through their unwavering commitment and activities, they continue to make a significant impact in the community, contributing to the well-being and stability of numerous families.
Official website here: www.thehearthfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (45%)
Hearth Foundation Inc has received a 0-star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score, derived from an Accountability & Finance score of 45%, highlights areas where the organization falls short, particularly in maintaining essential governance policies.
Despite having a fully independent board and no reported material diversion of assets, the foundation lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions contribute significantly to its low rating and raise questions about its operational accountability. The foundation does display some positive attributes, including proper documentation of board meeting minutes and transparency with its tax form.
Financially, the Hearth Foundation shows concerning ratios, with a liabilities-to-assets ratio of 77.5% signaling potential financial instability, and a program expense ratio of 54.89% that suggests a lack of sufficient investment in its programs compared to administrative costs. Overall, while the organization demonstrates some strengths in governance, the absence of key policies and financial health issues are critical limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Hearth Foundation Inc legitimate?
Hearth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearth Foundation 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: $35,946
For more financial information, click here
Official website here: www.thehearthfoundation.com
What is the mission statement of Hearth Foundation Inc?
The Hearth Foundation Inc's mission is centered around providing safe and affordable living spaces for families who are financially disadvantaged. Through its activities, the organization strives to ensure that these families can secure suitable housing without straining their limited budgets. Over time, the foundation has remained committed to this mission, consistently providing housing solutions that cater to the needs of low-income families.
Official website here: www.thehearthfoundation.com
Who is the CEO of Hearth Foundation Inc?
Lynn Hellwig is the Ceo of Hearth Foundation Inc. The CEO's salary of Hearth Foundation Inc is $0 and their total compensation is $0.
Official website here: www.thehearthfoundation.com
What is the revenue of Hearth Foundation Inc?
Hearth Foundation Inc's revenue in 2022 was $63,241.
Official website here: www.thehearthfoundation.com
Who are the executives of Hearth Foundation Inc and what are their salaries?
The average compensation at Hearth Foundation Inc during 2022 was $35,946. There is 1 employee and 30 volunteers at Hearth Foundation Inc.
Here are 7 key members and their salaries (Hearth Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.thehearthfoundation.com
Where can I find the form 990 for Hearth Foundation Inc?
Hearth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thehearthfoundation.com
Learn more at the official website: www.thehearthfoundation.com
Mission Statement of Hearth Foundation Inc
The Hearth Foundation Inc is committed to a noble mission. In its pursuit, this organization strives to offer safe and affordable housing options to families who are economically disadvantaged. By providing such housing, the Hearth Foundation Inc aims to make a significant impact on the lives of these families, ensuring they have a secure and comfortable living space. The organization's unwavering dedication to this cause is evident in its continued efforts to uphold this mission.
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Impact
August, 2024
Hearth Foundation Inc has had a significant impact on the community by providing safe and affordable housing for low-income families in Tucson, Arizona. Their commitment to this mission has ensured that many families have a secure place to call home despite financial challenges. Through their efforts, Hearth Foundation Inc has helped improve the lives of individuals and families facing housing insecurity in the area.
This information is meant to be a general summary of Hearth Foundation 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: $93
- Program Service Revenue: $52,543
- Gross Receipts: $63,241
Assets and Liabilities:
- Total Assets: $1,009,235
- Total Liabilities: $737,204
- Net Assets: $272,031
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low-Income Housing Rent
Revenue
$52,543
Organization Details
Founding Year
1988
Phone
(520) 207-9350Principal Officer
Lynn Hellwig
Main Address
229 W King, Tucson, AZ, 85705
Website
www.thehearthfoundation.comNTEE Category
Code: L41Z - Housing
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