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Hearth Beacon INC FY2021 filing

Tax-deductible

Boston, MA501(c)(3)Housing EIN 04-3446044Revenue $145K in FY2021

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

FY2021 · 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: 2.4 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
$1.6M
165% of total assets
Concern: liabilities are 165% 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
$145K
+9% vs prior year
Spent
$200K
To programs
85%
Net assets
−$612K
By yearFY2020–FY2024
Revenue
$145K
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$133K
FY2021$145K
FY2022$223K
FY2023$277K
FY2024$308K
Expenses
$200K
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$195K
FY2021$200K
FY2022$228K
FY2023$257K
FY2024$305K
Net assets
−$612K
FY2021▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$557K
FY2021−$612K
FY2022−$618K
FY2023−$598K
FY2024−$594K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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% · $170K Management & general 15% · $31K

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

28 people listed on the 990.

Part VII, Section A · reportable compensation
Mark D Hinderlie
President & CEO
$0Pt VII · Sec A
Kevin McCall
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Diana Kelly
Board Member
$0Pt VII · Sec A
Alan Abrams
Board Member
$0Pt VII · Sec A
Ramesh Advani
Board Member
$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 15aNo

Programs and updates

Prevents and ends elder homelessness with housing and support programs.

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Provided by the organization

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1 program · $170K · in their own filed words · FY2021
01

To operate nine units of housing for formerly homeless elders.

$170Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$145K
Ln 12
Fees for servicesLn 2g$145K
Investment incomeLn 3$100
Money outPt IX
$200K
Ln 25
Programscol B$170K
Managementcol C$31K
Owns and owesPt X
−$612K
net assets · Ln 32
Cash and savingsLn 1–2$41K
Total assetsLn 16$945K
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
28
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$145K
Investment incomeLn 3$100
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$41K
Cash and savings togetherLn 1–2$41K
Land, buildings, equipmentLn 10c$746K
Other assetsLn 15$146K
Total assetsLn 16$945K
LiabilitiesLn 26$1.6M
Net assetsLn 32−$612K
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 FY21End FY21
Cash and savingsLn 1–2$30K$41K
Land, buildings, equipmentLn 10c$788K$746K
Total assetsLn 16$956K$945K
LiabilitiesLn 26$1.5M$1.6M
Net assetsLn 32−$557K−$612K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$17K
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$26K$26K
Accounting feesLn 11c$960$960
Office expensesLn 13$4K$4K
OccupancyLn 16$70K$70K
InterestLn 20$35K$35K
Depreciation, depletion and amortizationLn 22$42K$42K
Other expenses (24a–d)Ln 24$9$9
Total functional expensesLn 25$200K$170K$31K$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 Viewing $145K$200K−$55K−$612K 990 PDF
FY2020 $133K$195K−$62K−$557K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $145,132 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $132,373$145,032
I-10 Investment incomePrior year $941$100
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $133,314$145,132
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 $19,657$22,579
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $175,431$177,633
I-18 Total expensesPrior year $195,088$200,212
I-19 Revenue less expensesPrior year −$61,774−$55,080
Part VI · Governance 24 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members24
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $145,132 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $145,032$145,032
VIII-3 Investment incomeExcluded from tax $100$100
VIII-12 Total revenueRelated to mission $145,032 · Unrelated business $0 · Excluded from tax $100$145,132
Part IX · Statement of functional expenses $200,212 across 10 lines filed
IX-7 Other salaries and wagesPrograms $17,061$17,061
IX-9 Other employee benefitsPrograms $3,903$3,903
IX-10 Payroll taxesPrograms $1,615$1,615
IX-11a Management feesManagement $25,663$25,663
IX-11c Accounting feesManagement $960$960
IX-13 Office expensesManagement $4,068$4,068
IX-16 OccupancyPrograms $69,831$69,831
IX-20 InterestPrograms $35,085$35,085
IX-22 Depreciation, depletion and amortizationPrograms $42,017$42,017
IX-24 Other expenses (24a–d)Management $9$9
IX-25 Total functional expensesPrograms $169,512 · Management $30,700 · Fundraising $0$200,212
Part X · Balance sheet $944,884 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $29,578$40,607
X-4 Accounts receivableStart of year $812$10,980
X-9 Prepaid expenses and deferred chargesStart of year $3,916$603
X-10c Land, buildings and equipment, netStart of year $788,358$746,341
X-15 Other assetsStart of year $133,219$146,353
X-16 Total assetsStart of year $955,883$944,884
X-17 Accounts payable and accrued expensesStart of year $17,806$10,381
X-25 Other liabilitiesStart of year $718,703$769,824
X-26 Total liabilitiesStart of year $1,513,151$1,557,232
X-27 Net assets without donor restrictionsStart of year −$557,268−$612,348
X-32 Total net assets or fund balancesStart of year −$557,268−$612,348
X-33 Total liabilities and net assetsStart of year $955,883$944,884
Part XI · Reconciliation of net assets −$612,348 net assets at year end
XI-1 Total revenue$145,132
XI-2 Total expenses$200,212
XI-3 Revenue less expenses−$55,080
XI-4 Net assets at start of year−$557,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$612,348

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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