Warm Hearth Foundation Incorporated FY2022 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1992Human ServicesEIN 54-1639629Revenue $570K in FY2022

On file with the IRSretire.org2607 Warm Hearth Dr Ste 100, 24060-6247 · Blacksburg, VATax-exempt since Dec 1992Supporting organization — 509(a)(3)

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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.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $199K a year · 28% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 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
$584K
18% of total assets
Looks good: liabilities are 18% 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
$570K
-2% vs prior year
Spent
$350K
To programs
52%
Net assets
$2.6M
By yearFY2020–FY2025
Revenue
$570K
FY2022▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$974K
FY2021$579K
FY2022$570K
FY2023$780K
FY2024$746K
FY2025$676K
Expenses
$350K
FY2022▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$388K
FY2022$350K
FY2023$539K
FY2024$709K
FY2025$789K
Net assets
$2.6M
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.6M
FY2022$2.6M
FY2023$3.2M
FY2024$3.9M
FY2025$4.2M

From the FY2022 Form 990 (year ending September 2022) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1992.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $181K Management & general 28% · $98K Fundraising 20% · $71K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 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
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Director of Marketing
$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 15aYes

Programs and updates

Provides housing and care services for elderly and handicapped residents.

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Provided by the organization

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1 program · $181K · in their own filed words · FY2021
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.

$181Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$570K
Ln 12
Gifts and grantsLn 1h$519K
Other incomeLn 4–11$50K
Investment incomeLn 3$45
Money outPt IX
$350K
Ln 25
Programscol B$181K
Managementcol C$98K
Fundraisingcol D$71K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$642K
Total assetsLn 16$3.2M
LiabilitiesLn 26$584K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$519K
Investment incomeLn 3$45
Other incomeLn 4–11$50K
Gains on assetsLn 7−$4K
Total revenueLn 12$570K
Assets in detailPt X, end of year
CashLn 1$347K
SavingsLn 2$295K
Cash and savings togetherLn 1–2$642K
InvestmentsLn 11–13$1.9M
Land, buildings, equipmentLn 10c$54K
Other assetsLn 15$614K
Total assetsLn 16$3.2M
LiabilitiesLn 26$584K
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 FY22End FY22
Cash and savingsLn 1–2$260K$642K
InvestmentsLn 11–13$2.1M$1.9M
Land, buildings, equipmentLn 10c$58K$54K
Total assetsLn 16$3.0M$3.2M
LiabilitiesLn 26$394K$584K
Net assetsLn 32$2.6M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$29K$29K
Legal feesLn 11b$150$150
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$208$208
Office expensesLn 13$40K$9K$31K
Information technologyLn 14$1K$1K
OccupancyLn 16$3K$3K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$422$422
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$256K$135K$51K$71K
Total functional expensesLn 25$350K$181K$98K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $676K$789K−$113K$4.2M 990 PDF
FY2024 $746K$709K$38K$3.9M 990 PDF
FY2023 $780K$539K$241K$3.2M 990 PDF
FY2022 Viewing $570K$350K$219K$2.6M 990 PDF
FY2021 $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 FY2022 990 (6 parts)
Part I · Summary $569,564 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $372,782$519,402
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $206,676−$3,756
I-11 Other revenuePrior year $17$53,918
I-12 Total revenuePrior year $579,475$569,564
I-13 Grants and similar amounts paidPrior year $84,851$28,913
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $302,976$321,227
I-18 Total expensesPrior year $387,827$350,140
I-19 Revenue less expensesPrior year $191,648$219,424
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $569,564 across 6 lines filed
Lines not itemized here account for $49,005 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$519,402
VIII-1h Total contributions, gifts and grants$519,402
VIII-3 Investment incomeExcluded from tax $45$45
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3,801−$3,801
VIII-8 Net income from fundraising eventsExcluded from tax $4,913$4,913
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $50,162$569,564
Part IX · Statement of functional expenses $350,140 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $28,913$28,913
IX-11b Legal feesManagement $150$150
IX-11c Accounting feesManagement $2,475$2,475
IX-11g Other fees for servicesPrograms $2,123$2,123
IX-12 Advertising and promotionManagement $208$208
IX-13 Office expensesPrograms $8,837 · Management $30,915$39,752
IX-14 Information technologyManagement $1,393$1,393
IX-16 OccupancyManagement $3,132$3,132
IX-17 TravelManagement $1,898$1,898
IX-19 Conferences, conventions and meetingsManagement $422$422
IX-22 Depreciation, depletion and amortizationPrograms $6,234$6,234
IX-23 InsuranceManagement $7,013$7,013
IX-24 Other expenses (24a–d)Programs $134,967 · Management $50,713 · Fundraising $70,747$256,427
IX-25 Total functional expensesPrograms $181,074 · Management $98,319 · Fundraising $70,747$350,140
Part X · Balance sheet $3,186,690 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $33,311$346,726
X-2 Savings and temporary cash investmentsStart of year $226,446$295,454
X-3 Pledges and grants receivableStart of year $3,382−$1,988
X-10c Land, buildings and equipment, netStart of year $58,074$53,538
X-11 Publicly traded securitiesStart of year $2,090,268$1,878,960
X-15 Other assetsStart of year $614,000$614,000
X-16 Total assetsStart of year $3,025,481$3,186,690
X-17 Accounts payable and accrued expensesStart of year $32,184$29,791
X-19 Deferred revenueStart of year $196,035$176,432
X-25 Other liabilitiesStart of year $166,103$378,045
X-26 Total liabilitiesStart of year $394,322$584,268
X-27 Net assets without donor restrictionsStart of year −$47,026−$55,002
X-28 Net assets with donor restrictionsStart of year $2,678,185$2,657,424
X-32 Total net assets or fund balancesStart of year $2,631,159$2,602,422
X-33 Total liabilities and net assetsStart of year $3,025,481$3,186,690
Part XI · Reconciliation of net assets $2,602,422 net assets at year end
XI-1 Total revenue$569,564
XI-2 Total expenses$350,140
XI-3 Revenue less expenses$219,424
XI-4 Net assets at start of year$2,631,159
XI-5 Net unrealized gains (losses) on investments−$267,764
XI-9 Other changes in net assets$19,603
XI-10 Net assets at end of year$2,602,422

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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