Open Hearth INC FY2020 filing

Tax-deductible

Phoenixville, PA501(c)(3)Human ServicesEIN 23-2652023Revenue $2.0M in FY2020

On file with the IRSopenhearthinc.org701 Main St, 19460-3824 · Phoenixville, PATax-exempt since Jul 1991Publicly supported charity — 170(b)(1)(A)(vi)

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Open Hearth, INC., a private nonprofit organization serving chester county and portions of montgomery county, provides innovative programs to help people end the cycle of homelessness and achieve financial self-sufficiency. Through its own direct provision of services, as well as an established network of other nonprofits, the organization supports and empowers people as they acquire affordable housing, a means of transportation, and financial viability.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 4
filings with a surplus
Average surplus $222K a year · 7% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$128K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
Spent
$1.9M
To programs
95%
Net assets
$924K
By yearFY2020–FY2024
Revenue
$2.0M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$5.3M
FY2023$3.1M
FY2024$3.0M
Expenses
$1.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.9M
FY2021$4.5M
FY2023$3.0M
FY2024$3.1M
Net assets
$924K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$924K
FY2021$1.8M
FY2023$3.0M
FY2024$2.9M

From the FY2020 Form 990 (year ending September 2020) · figures checked against the IRS filing · 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 Jul 1991.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $1.8M Management & general 4% · $71K Fundraising 2% · $35K

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

9 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Executive Director
$100,500Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Kelly Raggazino’s $132K as CEO is at the 63rd percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Kelly Raggazino$132,058$136,000$102,500$100,500
Christina Wheeler Towne$96,875$93,500——
Katelyn Malis Pattison$91,462$94,950——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Helps people end homelessness and achieve financial independence through housing, transportation, and financial support.

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Provided by the organization

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3 programs · $1.7M · in their own filed words · FY2019
01

Open Hearth managed permanent housing subsidies for over 75 individuals and families who experienced homelessness and have a documented disability via the Continuum of Care Permanent Supportive Housing Program (CoC).

$1.3Mprogram expense
02

The Family Savings Partner Program assists eligible individuals in building assets by providing matched savings for program graduates to be used for home purchase, education, or car purchase.

$397Kprogram expense
03

Open Hearth, Inc.'s mission includes the Organization's direction and ongoing efforts to strengthen the fabric of the community as it supports specific tasks that build the capacity of society to meet the needs of those that it serves.

$64Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$11K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Gifts and grantsLn 1h$2.0M
Investment incomeLn 3$6K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.8M
Managementcol C$71K
Fundraisingcol D$35K
Owns and owesPt X
$924K
net assets · Ln 32
Cash and savingsLn 1–2$807K
Total assetsLn 16$1.1M
LiabilitiesLn 26$128K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.0M
Government grantsLn 1e$1.5M
Investment incomeLn 3$6K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
SavingsLn 2$807K
Cash and savings togetherLn 1–2$807K
InvestmentsLn 11–13$28K
Land, buildings, equipmentLn 10c$201
Other assetsLn 15$446
Total assetsLn 16$1.1M
LiabilitiesLn 26$128K
Net assetsLn 32$924K
OperationsPt I, VI
EmployeesI 521
VolunteersI 642
Fiscal year endsHeaderSeptember
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$565K$807K
InvestmentsLn 11–13$30K$28K
Land, buildings, equipmentLn 10c$2K$201
Total assetsLn 16$887K$1.1M
LiabilitiesLn 26$3K$128K
Net assetsLn 32$884K$924K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$86K$10K$4K
Other salaries and wagesLn 7$479K$426K$32K$21K
Payroll taxesLn 10$135K$115K$14K$7K
Accounting feesLn 11c$20K$17K$2K$733
Advertising and promotionLn 12$1K$1K$128$51
Office expensesLn 13$2K$2K$192$76
Information technologyLn 14$19K$16K$2K$702
OccupancyLn 16$18K$16K$2K$682
TravelLn 17$6K$5K$563$225
Depreciation, depletion and amortizationLn 22$2K$2K$165$67
InsuranceLn 23$6K$6K$599$239
Other expenses (24a–d)Ln 24$1.1M$1.1M
All other expensesLn 24e$40K$32K$8K$632
Total functional expensesLn 25$1.9M$1.8M$71K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.0M$3.1M−$138K$2.9M 990 PDF
FY2023 $3.1M$3.0M$126K$3.0M 990 PDF
FY2022 Not on file
FY2021 $5.3M$4.5M$858K$1.8M 990 PDF
FY2020 Viewing $2.0M$1.9M$40K$924K 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 $1,965,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,603,131$1,959,201
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,553$5,985
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,609,684$1,965,186
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 $608,823$715,028
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,006,749$1,210,377
I-18 Total expensesPrior year $1,615,572$1,925,405
I-19 Revenue less expensesPrior year −$5,888$39,781
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $1,965,186 across 7 lines filed
VIII-1a Federated campaigns$103,059
VIII-1d Related organizations$96,843
VIII-1e Government grants$1,486,354
VIII-1f All other contributions, gifts and grants$272,945
VIII-1h Total contributions, gifts and grants$1,959,201
VIII-3 Investment incomeExcluded from tax $5,985$5,985
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $5,985$1,965,186
Part IX · Statement of functional expenses $1,925,405 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $86,430 · Management $10,500 · Fundraising $4,020$100,950
IX-7 Other salaries and wagesPrograms $425,653 · Management $32,053 · Fundraising $20,991$478,697
IX-10 Payroll taxesPrograms $115,073 · Management $13,539 · Fundraising $6,769$135,381
IX-11c Accounting feesPrograms $16,966 · Management $1,842 · Fundraising $733$19,541
IX-12 Advertising and promotionPrograms $1,185 · Management $128 · Fundraising $51$1,364
IX-13 Office expensesPrograms $1,766 · Management $192 · Fundraising $76$2,034
IX-14 Information technologyPrograms $16,254 · Management $1,766 · Fundraising $702$18,722
IX-16 OccupancyPrograms $15,783 · Management $1,714 · Fundraising $682$18,179
IX-17 TravelPrograms $5,203 · Management $563 · Fundraising $225$5,991
IX-22 Depreciation, depletion and amortizationPrograms $1,522 · Management $165 · Fundraising $67$1,754
IX-23 InsurancePrograms $5,524 · Management $599 · Fundraising $239$6,362
IX-24 Other expenses (24a–d)Programs $1,096,677$1,096,677
IX-24e All other expensesPrograms $31,553 · Management $7,568 · Fundraising $632$39,753
IX-25 Total functional expensesPrograms $1,819,589 · Management $70,629 · Fundraising $35,187$1,925,405
Part X · Balance sheet $1,051,998 assets, 14 lines filed
X-2 Savings and temporary cash investmentsStart of year $564,562$806,887
X-4 Accounts receivableStart of year $280,010$209,630
X-9 Prepaid expenses and deferred chargesStart of year $10,579$6,598
X-10c Land, buildings and equipment, netStart of year $1,955$201
X-12 Other securitiesStart of year $29,912$28,236
X-15 Other assetsStart of year $446$446
X-16 Total assetsStart of year $887,464$1,051,998
X-17 Accounts payable and accrued expensesStart of year $1,373$10,043
X-24 Unsecured notes and loans payable$118,100
X-26 Total liabilitiesStart of year $3,123$128,143
X-27 Net assets without donor restrictionsStart of year $867,841$908,855
X-28 Net assets with donor restrictionsStart of year $16,500$15,000
X-32 Total net assets or fund balancesStart of year $884,341$923,855
X-33 Total liabilities and net assetsStart of year $887,464$1,051,998
Part XI · Reconciliation of net assets $923,855 net assets at year end
XI-1 Total revenue$1,965,186
XI-2 Total expenses$1,925,405
XI-3 Revenue less expenses$39,781
XI-4 Net assets at start of year$884,341
XI-5 Net unrealized gains (losses) on investments−$267
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$923,855

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

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