Hearthstone Congregate Housing

Tax-deductible

York, NE501(c)(3)HousingEIN 47-0746808

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To provide affordable Housing for the elderly and or handicapped

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$665K
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 4 voting members
Concern: none of 4 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$227K
+14% vs prior year
Spent
$202K
To programs
91%
Net assets
$44K
By yearFY2020–FY2023
Revenue
$227K
FY2023▲ +14%
Revenue by fiscal year
FY2020$192K
FY2021$171K
FY2022$199K
FY2023$227K
Expenses
$202K
FY2023▲ +2%
Expenses by fiscal year
FY2020$185K
FY2021$182K
FY2022$197K
FY2023$202K
Net assets
$44K
FY2023▲ +151%
Net assets by fiscal year
FY2020−$78K
FY2021−$89K
FY2022−$87K
FY2023$44K

From the FY2023 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jul 2000.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $183K Management & general 9% · $18K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
Chairperson
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Hearthstone Congregate Housing 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable homes for seniors and people with disabilities.

Provided by the organization

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1 program service account for $183K of program spending, described in the organization's own filed words · FY2023.
01

The program is a 20 unit residential facility providing affordable housing for the elderly and or handicapped. Occupancy increased this past year.

$183Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$227K
Ln 12
Gifts and grantsLn 1h$129K
Fees for servicesLn 2g$92K
Investment incomeLn 3$6K
Money outPt IX
$202K
Ln 25
Programscol B$183K
Managementcol C$18K
Owns and owesPt X
$44K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$709K
LiabilitiesLn 26$665K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$129K
Government grantsLn 1e$129K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$92K
Investment incomeLn 3$6K
Gains on assetsLn 7$0
Total revenueLn 12$227K
Assets in detailPt X, end of year
CashLn 1$15K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$23K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$387K
Other assetsLn 15$291K
Total assetsLn 16$709K
LiabilitiesLn 26$665K
Net assetsLn 32$44K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$15K$23K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$395K$387K
Total assetsLn 16$694K$709K
LiabilitiesLn 26$675K$665K
Net assetsLn 32$19K$44K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$13K$0$13K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$5K$0$5K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$804$804$0$0
Office expensesLn 13$708$708$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$160K$160K$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$20K$20K$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$2K$2K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$202K$183K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $227K$202K$25K$44K 990 PDF
FY2022 $199K$197K$2K−$87K 990 PDF
FY2021 $171K$182K−$11K−$89K 990 PDF
FY2020 $192K$185K$7K−$78K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $226,543 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$128,586
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$128,586
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $92,171 · Unrelated business $0 · Excluded from tax $0$92,171
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$5,786
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $92,171 · Unrelated business $0 · Excluded from tax $0$226,543
Part IX · Statement of functional expenses $201,723 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $13,108 · Fundraising $0$13,108
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $5,150 · Fundraising $0$5,150
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $804 · Management $0 · Fundraising $0$804
IX-13 Office expensesPrograms $708 · Management $0 · Fundraising $0$708
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $160,063 · Management $0 · Fundraising $0$160,063
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $19,751 · Management $0 · Fundraising $0$19,751
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $2,139 · Management $0 · Fundraising $0$2,139
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $183,465 · Management $18,258 · Fundraising $0$201,723
Part X · Balance sheet $708,673 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $6,772$15,362
X-2 Savings and temporary cash investmentsStart of year $7,904$7,413
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $924$785
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $14,247$7,324
X-10c Land, buildings and equipment, netStart of year $394,762$386,911
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $269,428$290,878
X-16 Total assetsStart of year $694,037$708,673
X-17 Accounts payable and accrued expensesStart of year $34,862$38,386
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $6,057$6,269
X-26 Total liabilitiesStart of year $674,687$664,503
X-27 Net assets without donor restrictionsStart of year $19,350$44,170
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $19,350$44,170
X-33 Total liabilities and net assetsStart of year $694,037$708,673
Part XI · Reconciliation of net assets $44,170 net assets at year end
XI-1 Total revenue$226,543
XI-2 Total expenses$201,723
XI-3 Revenue less expenses$24,820
XI-4 Net assets at start of year$19,350
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,170

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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