Warm Hearth Foundation Incorporated FY2021 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1992Human ServicesEIN 54-1639629

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Warm Hearth Foundation receives and administers supporting funds for the purposes of residents of Warm Hearth village as follows: (a) housing services to elderly and handicapped as provided by trolinger house, INC., new river house, INC., new century housing, INC., founders forest, INC., and Warm Hearth, INC., (b) non-profit nursing home and assisted living care as provided by nrv nursing center, INC., showalter center, INC., Warm Hearth at home, INC., and Warm Hearth hospice, INC.

501(c)(3) charity; gifts are tax-deductible.
50¢ 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
5 of 5
filings with a surplus
Average surplus $261K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$394K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$579K
-41% vs prior year
Spent
$388K
To programs
50%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$579K
FY2021▼ -41%
Revenue by fiscal year
FY2020$974K
FY2021$579K
FY2022$570K
FY2023$780K
FY2024$746K
FY2024$676K
Expenses
$388K
FY2021▲ +9%
Expenses by fiscal year
FY2020$357K
FY2021$388K
FY2022$350K
FY2023$539K
FY2024$709K
FY2024$789K
Net assets
$2.6M
FY2021▲ +12%
Net assets by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.6M
FY2023$3.2M
FY2024$3.9M
FY2024$4.2M

From the FY2021 Form 990 (year ending September 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1992.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $192K Management & general 29% · $113K Fundraising 21% · $82K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Former President / CEO
$0Pt VII · Sec A
Current President / CEO
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Warm Hearth Foundation Incorporated 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

Provides housing and care services for elderly and handicapped residents.

Provided by the organization

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1 program · $192K · in their own filed words · FY2020
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.

$192Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$11K
Grants paid · 23 grants · $857K · 2019–2024
Warm Hearth Hospice INCVA · FY2024$115,942
Warm Hearth at Home ServiceFY2024$75,000
Warm Hearth INCVA · FY2024$34,346
Trolinger House INCVA · FY2024$12,272
New River House INCVA · FY2024$5,432
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
See all 23 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$579K
Ln 12
Gifts and grantsLn 1h$373K
Investment incomeLn 3$207K
Other incomeLn 4–11$17
Money outPt IX
$388K
Ln 25
Programscol B$192K
Managementcol C$113K
Fundraisingcol D$82K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$3.0M
LiabilitiesLn 26$394K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$373K
Noncash giftsLn 1g$37K
Investment incomeLn 3$207K
Other incomeLn 4–11$17
Gains on assetsLn 7$179K
Total revenueLn 12$579K
Assets in detailPt X, end of year
CashLn 1$33K
SavingsLn 2$226K
Cash and savings togetherLn 1–2$260K
InvestmentsLn 11–13$2.1M
Land, buildings, equipmentLn 10c$58K
Other assetsLn 15$614K
Total assetsLn 16$3.0M
LiabilitiesLn 26$394K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6200
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 FY21End FY21
Cash and savingsLn 1–2$468K$260K
InvestmentsLn 11–13$1.9M$2.1M
Land, buildings, equipmentLn 10c$64K$58K
Total assetsLn 16$3.1M$3.0M
LiabilitiesLn 26$721K$394K
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$85K$85K
Legal feesLn 11b$150$150
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$13K$13K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$13$13
Office expensesLn 13$19K$19K
OccupancyLn 16$14K$8K$6K
TravelLn 17$178$178
Conferences, conventions and meetingsLn 19$46$46
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$232K$98K$52K$82K
All other expensesLn 24e$9K$9K
Total functional expensesLn 25$388K$192K$113K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $746K$709K$38K$3.9M 990 PDF
FY2023 $780K$539K$241K$3.2M 990 PDF
FY2022 $570K$350K$219K$2.6M 990 PDF
FY2021 Viewing $579K$388K$192K$2.6M 990 PDF
FY2020 $974K$357K$617K$2.3M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $579,475 across 6 lines filed
Lines not itemized here account for $17 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$372,782
VIII-1g Noncash contributions (included above)$37,152
VIII-1h Total contributions, gifts and grants$372,782
VIII-3 Investment incomeExcluded from tax $28,058$28,058
VIII-7 Net gain or loss on sales of assetsExcluded from tax $178,618$178,618
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $206,693$579,475
Part IX · Statement of functional expenses $387,827 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $84,851$84,851
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $1,918$1,918
IX-11f Investment management feesManagement $12,542$12,542
IX-11g Other fees for servicesPrograms $1,062$1,062
IX-12 Advertising and promotionManagement $13$13
IX-13 Office expensesManagement $18,636$18,636
IX-16 OccupancyPrograms $8,054 · Management $6,360$14,414
IX-17 TravelManagement $178$178
IX-19 Conferences, conventions and meetingsManagement $46$46
IX-22 Depreciation, depletion and amortizationManagement $6,997$6,997
IX-23 InsuranceManagement $6,146$6,146
IX-24 Other expenses (24a–d)Programs $98,310 · Management $51,789 · Fundraising $82,202$232,301
IX-24e All other expensesManagement $8,573$8,573
IX-25 Total functional expensesPrograms $192,277 · Management $113,348 · Fundraising $82,202$387,827
Part X · Balance sheet $3,025,481 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $50,575$33,311
X-2 Savings and temporary cash investmentsStart of year $416,992$226,446
X-3 Pledges and grants receivableStart of year $58,773$3,382
X-10c Land, buildings and equipment, netStart of year $63,966$58,074
X-11 Publicly traded securitiesStart of year $1,857,208$2,090,268
X-15 Other assetsStart of year $614,000$614,000
X-16 Total assetsStart of year $3,061,773$3,025,481
X-17 Accounts payable and accrued expensesStart of year $24,050$32,184
X-19 Deferred revenueStart of year $215,638$196,035
X-25 Other liabilitiesStart of year $481,124$166,103
X-26 Total liabilitiesStart of year $720,812$394,322
X-27 Net assets without donor restrictionsStart of year −$145,333−$47,026
X-28 Net assets with donor restrictionsStart of year $2,486,294$2,678,185
X-32 Total net assets or fund balancesStart of year $2,340,961$2,631,159
X-33 Total liabilities and net assetsStart of year $3,061,773$3,025,481
Part XI · Reconciliation of net assets $2,631,159 net assets at year end
XI-1 Total revenue$579,475
XI-2 Total expenses$387,827
XI-3 Revenue less expenses$191,648
XI-4 Net assets at start of year$2,340,961
XI-5 Net unrealized gains (losses) on investments$78,947
XI-9 Other changes in net assets$19,603
XI-10 Net assets at end of year$2,631,159

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

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