Warm Hearth Foundation Incorporated FY2023 filing

Tax-deductible

Blacksburg, VA501(c)(3)Since 1992Human ServicesEIN 54-1639629Revenue $780K in FY2023

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.
75¢ 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
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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.5 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
$241K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$780K
+37% vs prior year
Spent
$539K
To programs
75%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$780K
FY2023▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$974K
FY2021$579K
FY2022$570K
FY2023$780K
FY2024$746K
FY2025$676K
Expenses
$539K
FY2023▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2020$357K
FY2021$388K
FY2022$350K
FY2023$539K
FY2024$709K
FY2025$789K
Net assets
$3.2M
FY2023▲ +25%
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 FY2023 Form 990 (year ending September 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $402K Management & general 11% · $60K Fundraising 14% · $77K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
President and CEO (start 07/2022)
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director of Marketing
$0Pt VII · Sec A
RN Director of Qa and Edu
$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 · $402K · in their own filed words · FY2022
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.

$402Kprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$780K
Ln 12
Gifts and grantsLn 1h$719K
Other incomeLn 4–11$55K
Investment incomeLn 3$7K
Money outPt IX
$539K
Ln 25
Programscol B$402K
Managementcol C$60K
Fundraisingcol D$77K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$650K
Total assetsLn 16$3.5M
LiabilitiesLn 26$241K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$719K
Investment incomeLn 3$7K
Other incomeLn 4–11$55K
Gains on assetsLn 7$7K
Total revenueLn 12$780K
Assets in detailPt X, end of year
CashLn 1$404K
SavingsLn 2$246K
Cash and savings togetherLn 1–2$650K
InvestmentsLn 11–13$2.2M
Land, buildings, equipmentLn 10c$49K
Other assetsLn 15$615K
Total assetsLn 16$3.5M
LiabilitiesLn 26$241K
Net assetsLn 32$3.2M
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 FY23End FY23
Cash and savingsLn 1–2$642K$650K
InvestmentsLn 11–13$1.9M$2.2M
Land, buildings, equipmentLn 10c$54K$49K
Total assetsLn 16$3.2M$3.5M
LiabilitiesLn 26$584K$241K
Net assetsLn 32$2.6M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$89K$89K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$999$999
Advertising and promotionLn 12$20$20
Office expensesLn 13$26K$2K$24K
Information technologyLn 14$4K$1K$2K
OccupancyLn 16$10K$8K$2K
TravelLn 17$715$715
Conferences, conventions and meetingsLn 19$140$140
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$388K$287K$23K$77K
All other expensesLn 24e$899$899
Total functional expensesLn 25$539K$402K$60K$77K

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 Viewing $780K$539K$241K$3.2M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $780,258 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $519,402$718,591
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$3,756$6,858
I-11 Other revenuePrior year $53,918$54,809
I-12 Total revenuePrior year $569,564$780,258
I-13 Grants and similar amounts paidPrior year $28,913$89,458
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 $321,227$449,370
I-18 Total expensesPrior year $350,140$538,828
I-19 Revenue less expensesPrior year $219,424$241,430
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $780,258 across 6 lines filed
Lines not itemized here account for $48,692 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$718,591
VIII-1h Total contributions, gifts and grants$718,591
VIII-3 Investment incomeExcluded from tax $181$181
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,677$6,677
VIII-8 Net income from fundraising eventsExcluded from tax $6,117$6,117
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $61,667$780,258
Part IX · Statement of functional expenses $538,828 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $89,458$89,458
IX-11b Legal feesManagement $1,721$1,721
IX-11c Accounting feesManagement $4,331$4,331
IX-11g Other fees for servicesManagement $999$999
IX-12 Advertising and promotionManagement $20$20
IX-13 Office expensesPrograms $1,940 · Management $23,565$25,505
IX-14 Information technologyPrograms $1,409 · Management $2,187$3,596
IX-16 OccupancyPrograms $7,668 · Management $2,076$9,744
IX-17 TravelManagement $715$715
IX-19 Conferences, conventions and meetingsManagement $140$140
IX-22 Depreciation, depletion and amortizationPrograms $7,005$7,005
IX-23 InsurancePrograms $7,104$7,104
IX-24 Other expenses (24a–d)Programs $287,230 · Management $22,944 · Fundraising $77,417$387,591
IX-24e All other expensesManagement $899$899
IX-25 Total functional expensesPrograms $401,814 · Management $59,597 · Fundraising $77,417$538,828
Part X · Balance sheet $3,485,543 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $346,726$403,831
X-2 Savings and temporary cash investmentsStart of year $295,454$246,500
X-3 Pledges and grants receivableStart of year −$1,988$824
X-10c Land, buildings and equipment, netStart of year $53,538$49,163
X-11 Publicly traded securitiesStart of year $1,878,960$2,170,522
X-15 Other assetsStart of year $614,000$614,703
X-16 Total assetsStart of year $3,186,690$3,485,543
X-17 Accounts payable and accrued expensesStart of year $29,791$26,752
X-19 Deferred revenueStart of year $176,432$156,829
X-25 Other liabilitiesStart of year $378,045$57,386
X-26 Total liabilitiesStart of year $584,268$240,967
X-27 Net assets without donor restrictionsStart of year −$55,002$35,004
X-28 Net assets with donor restrictionsStart of year $2,657,424$3,209,572
X-32 Total net assets or fund balancesStart of year $2,602,422$3,244,576
X-33 Total liabilities and net assetsStart of year $3,186,690$3,485,543
Part XI · Reconciliation of net assets $3,244,576 net assets at year end
XI-1 Total revenue$780,258
XI-2 Total expenses$538,828
XI-3 Revenue less expenses$241,430
XI-4 Net assets at start of year$2,602,422
XI-5 Net unrealized gains (losses) on investments$221,988
XI-9 Other changes in net assets$178,736
XI-10 Net assets at end of year$3,244,576

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

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