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Hearth Beacon INC FY2020 filing

Tax-deductible

Boston, MA501(c)(3)HousingEIN 04-3446044Revenue $133K in FY2020

On file with the IRShearth-home.org1640 Washington Street, 02118-3380 · Boston, MATax-exempt since May 1994Publicly supported charity — 170(b)(1)(A)(vi)

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Beacon is dedicated to the elimination among elder homelessness. This mission is accomplished through a unique blend of prevention, placement, and housing programs all designed to help elders find and succeed in homes of their own. To this end, the housing provides a creative array of supportive services that assists residents to age with dignity, regardless of their special medical, mental health, or social needs. These goals are best accomplished through respect for elders and staff, with the desire to see both achieve their highest degree of potential.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $20K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
158% of total assets
Concern: liabilities are 158% of assets; over 80%.
Pt X · Ln 26
Independent board members
24
of 25 voting members
Looks good: 24 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$133K
Spent
$195K
To programs
85%
Net assets
−$557K
By yearFY2020–FY2024
Revenue
$133K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$145K
FY2022$223K
FY2023$277K
FY2024$308K
Expenses
$195K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$195K
FY2021$200K
FY2022$228K
FY2023$257K
FY2024$305K
Net assets
−$557K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$557K
FY2021−$612K
FY2022−$618K
FY2023−$598K
FY2024−$594K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $166K Management & general 15% · $29K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

31 people listed on the 990.

Part VII, Section A · reportable compensation
Mark D Hinderlie
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Vendola
Controller
$0Pt VII · Sec A
William Porcello
CFO Consultant
$0Pt VII · Sec A
$0Pt VII · Sec A
Theresa Perkins
CFO (as of 7/13/20)
$0Pt VII · Sec A
Michelle Guertin
CFO (1/06/20 - 3/02/20)
$0Pt VII · Sec A
Kevin McCall
Chairperson
$0Pt VII · Sec A
See Hearth Beacon INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Prevents and ends elder homelessness with housing and support programs.

Questions for Hearth Beacon INC

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Provided by the organization

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1 program · $166K · in their own filed words · FY2020
01

To operate nine units of housing for formerly homeless elders.

$166Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Morgan Stanley Global Impact Funding Trust INCFY2021$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$133K
Ln 12
Fees for servicesLn 2g$132K
Investment incomeLn 3$941
Money outPt IX
$195K
Ln 25
Programscol B$166K
Managementcol C$29K
Owns and owesPt X
−$557K
net assets · Ln 32
Cash and savingsLn 1–2$30K
Total assetsLn 16$956K
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
31
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$132K
Investment incomeLn 3$941
Total revenueLn 12$133K
Assets in detailPt X, end of year
CashLn 1$30K
Cash and savings togetherLn 1–2$30K
Land, buildings, equipmentLn 10c$788K
Other assetsLn 15$133K
Total assetsLn 16$956K
LiabilitiesLn 26$1.5M
Net assetsLn 32−$557K
OperationsPt I, VI
EmployeesI 50
VolunteersI 624
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2K$30K
Land, buildings, equipmentLn 10c$804K$788K
Total assetsLn 16$970K$956K
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32−$495K−$557K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$14K$14K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$1K$1K
Management feesLn 11a$25K$25K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$72K$72K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$42K$42K
Other expenses (24a–d)Ln 24$200$200
Total functional expensesLn 25$195K$166K$29K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $308K$305K$3K−$594K 990 PDF
FY2023 $277K$257K$20K−$598K 990 PDF
FY2022 $223K$228K−$5K−$618K 990 PDF
FY2021 $145K$200K−$55K−$612K 990 PDF
FY2020 Viewing $133K$195K−$62K−$557K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $133,314 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $131,379$132,373
I-10 Investment incomePrior year $2,090$941
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $133,469$133,314
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,465$19,657
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $153,313$175,431
I-18 Total expensesPrior year $177,778$195,088
I-19 Revenue less expensesPrior year −$44,309−$61,774
Part VI · Governance 24 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $133,314 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,373$132,373
VIII-3 Investment incomeExcluded from tax $941$941
VIII-12 Total revenueRelated to mission $132,373 · Unrelated business $0 · Excluded from tax $941$133,314
Part IX · Statement of functional expenses $195,088 across 10 lines filed
IX-7 Other salaries and wagesPrograms $13,747$13,747
IX-9 Other employee benefitsPrograms $4,702$4,702
IX-10 Payroll taxesPrograms $1,208$1,208
IX-11a Management feesManagement $24,695$24,695
IX-11c Accounting feesManagement $1,948$1,948
IX-13 Office expensesManagement $1,779$1,779
IX-16 OccupancyPrograms $71,839$71,839
IX-20 InterestPrograms $33,049$33,049
IX-22 Depreciation, depletion and amortizationPrograms $41,921$41,921
IX-24 Other expenses (24a–d)Management $200$200
IX-25 Total functional expensesPrograms $166,466 · Management $28,622 · Fundraising $0$195,088
Part X · Balance sheet $955,883 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,251$29,578
X-4 Accounts receivableStart of year $610$812
X-9 Prepaid expenses and deferred chargesStart of year $4,091$3,916
X-10c Land, buildings and equipment, netStart of year $804,162$788,358
X-15 Other assetsStart of year $158,608$133,219
X-16 Total assetsStart of year $969,722$955,883
X-17 Accounts payable and accrued expensesStart of year $4,072$17,806
X-25 Other liabilitiesStart of year $684,294$718,703
X-26 Total liabilitiesStart of year $1,465,216$1,513,151
X-27 Net assets without donor restrictionsStart of year −$495,494−$557,268
X-32 Total net assets or fund balancesStart of year −$495,494−$557,268
X-33 Total liabilities and net assetsStart of year $969,722$955,883
Part XI · Reconciliation of net assets −$557,268 net assets at year end
XI-1 Total revenue$133,314
XI-2 Total expenses$195,088
XI-3 Revenue less expenses−$61,774
XI-4 Net assets at start of year−$495,494
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$557,268

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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