Warm Hearth Foundation Incorporated EIN 54-1639629 Form 990 (PDF) Claim this org

Warm Hearth Foundation Incorporated

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Provides housing and care services for elderly and handicapped residents. For fiscal year 2024 it reported $746K in revenue, $709K in expenses, and $3.9M in net assets.Pt I

Type
Supporting organization · Human Services
Location
Blacksburg, VA
Website
www.retire.org
Filings
5 on file (2020–2024)
Revenue
$746KFY2024
Expenses
$709K
Net assets
$3.9M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1639629 Supporting organization Blacksburg, VA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides housing and care services for elderly and handicapped residents.
Leadership
Karen Hanks · Secretary
Money in and out
$746K revenue, $709K expenses
Bottom line
+5% net inflow
Money in and out · FY2024
Total revenue
$746K
Pt VIII · Ln 12
Total expenses
$709K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.07 Fundraising $0.12
Net inflow
+5%
revenue over expenses, this year▼ -84% vs prior filing year
Pass-through gifts
86%
of revenue from contributions▼ -7% vs prior filing year
Program spending
81%
of expenses reach stated programs▲ +9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$746K
FY2024▼ -4%
Expenses
$709K
FY2024▲ +31%
Total assets
$4.0M
FY2024▲ +16%
Total liabilities
$172K
FY2024▼ -29%
Total revenue
$746K
Pt VIII · Ln 12
Total expenses
$709K
Pt IX · Ln 25
Net assets
$3.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$4.0M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWarm Hearth Foundation Incorporated
EINHdr · item D54-1639629
Principal addressHdr · item CBlacksburg, VA
WebsiteHdr · item Jwww.retire.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P75I)
Ruling yearIRS BMFDec 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
Showalter Admin
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $573K of program spending, described in the organization's own filed words · FY2023.
01

The corporation receives and administers charitable contributions for the support of warm hearth village, a seniors housing community in blacksburg, virginia. Warm hearth village provides elderly and handicapped persons with affordable housing.

$573Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$642K · 86%
Other revenue$82K · 11%
Investment income$23K · 3%
Contributions & grants86%$642K
Other revenue11%$82K
Investment income3%$23K
Program service revenue$311
Total revenueLn 12$746K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.07 Fundraising $0.12
Program services81%$573K
Management & general7%$51K
Fundraising12%$84K
Total functional expensesLn 25$709K

Balance Sheet

Part X · end of year
CashLn 1$597K
Total assetsLn 16$4.0M
Total liabilitiesLn 26$172K
Total net assetsLn 32$3.9M
Months of cash on handcomputed10.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.4M · Operating expenses/yr $709K
57.1 months
Where the money goes
Program services
Program services $573K · Total expenses $709K
81%
Management & General
Management & general $51K · Total expenses $709K
7%
Fundraising
Fundraising $84K · Total expenses $709K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $77K · Solicited contributions (3-yr avg) $627K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $642K · Total revenue $746K
86%
Government reliance
Government grants — · Total revenue $746K
Earned-income share
Program service revenue $311 · Total revenue $746K
0.04%
Investment reliance
Investment income $23K · Total revenue $746K
+3%
Program self-sufficiency
Program service revenue $311 · Total expenses $709K
0.04%
Growth & trend
Revenue growth (YoY)
This year $746K · Prior year $780K
-4%
Revenue CAGR
FY2019 $974K · FY2023 $746K
-6%
Net-asset trend (YoY)
End of year $3.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $746K · Expenses $709K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $4.0M
Net-asset ratio
Net assets $3.9M · Total assets $4.0M
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.8M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.0M
69%
People & payroll
Highest Reported Total Compensation
Individual Karen Hanks · Reported title Secretary · Highest reported compensation $0 · Total expenses $709K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $709K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 7%
Fundraising cost ratio 13%
Revenue growth -4%
Legal fee ratio 0.3%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$11K
Grants paid · 17 grants · $532K · 2019–2023
Warm Hearth at Home INCVA · FY2023$50,000
Warm Hearth INCVA · FY2023$34,299
Unitemized GrantFY2023$9,000
Trolinger House INCVA · FY2023$7,387
Unitemized GrantFY2023$5,702
Warm Hearth INCVA · FY2022$34,308
Trolinger House INCVA · FY2022$6,299
Warm Hearth INCVA · FY2021$13,578
Warm Hearth INCVA · FY2020$68,877
Trolinger House INCVA · FY2020$6,260
Warm Hearth INCVA · FY2019$24,933

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$746K revenue · viewing · ⤓ 990 PDF
FY2023$780K revenue · ⤓ 990 PDF
FY2022$570K revenue · ⤓ 990 PDF
FY2021$579K revenue · ⤓ 990 PDF
FY2020$974K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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