Hearthside INC FY2021 filing

Tax-deductible

Lebanon, TN501(c)(3)EIN 62-1319490Revenue $1.9M in FY2021

On file with the IRShearthsideliving.com215 N Castle Heights Ave, 37087-2741 · Lebanon, TNTax-exempt since Nov 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Provide assisted living and housing for the elderly

501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$184K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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 $180K a year · 9% 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
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$184K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
42% of total assets
Looks good: liabilities are 42% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.9M
-2% vs prior year
Spent
$1.6M
To programs
60%
Net assets
$5.4M
By yearFY2020–FY2024
Revenue
$1.9M
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$1.9M
FY2022$1.8M
FY2023$2.0M
FY2024$2.0M
Expenses
$1.6M
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.7M
FY2021$1.6M
FY2022$1.8M
FY2023$1.9M
FY2024$1.9M
Net assets
$5.4M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.1M
FY2021$5.4M
FY2022$5.5M
FY2023$5.6M
FY2024$5.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1987.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $975K Management & general 40% · $659K

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

12 people listed on the 990; $184K paid to officers and key staff.

Part VII, Section A · reportable compensation
Key Employee
$129,075Pt VII · Sec A
Key Employee
$54,758Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Christopher Dozier$128,741$128,741$128,741$129,075$129,450
Sarah Johnston$50,837$45,821$50,168$54,758$54,325

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Hearthside INC 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

Offers assisted living and housing for seniors.

Provided by the organization

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1 program · $975K · in their own filed words · FY2021
01

Provide assisted living and housing for the elderly

$975Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $160K · 2020–2023

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Fees for servicesLn 2g$1.2M
Other incomeLn 4–11$539K
Gifts and grantsLn 1h$156K
Money outPt IX
$1.6M
Ln 25
Programscol B$975K
Managementcol C$659K
Owns and owesPt X
$5.4M
net assets · Ln 32
Cash and savingsLn 1–2$813K
Total assetsLn 16$9.3M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$156K
Government grantsLn 1e$146K
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$4K
Other incomeLn 4–11$539K
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$185K
SavingsLn 2$627K
Cash and savings togetherLn 1–2$813K
InvestmentsLn 11–13$829K
Land, buildings, equipmentLn 10c$7.6M
Total assetsLn 16$9.3M
LiabilitiesLn 26$3.9M
Net assetsLn 32$5.4M
OperationsPt I, VI
EmployeesI 542
VolunteersI 65
Fiscal year endsHeaderDecember
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$904K$813K
InvestmentsLn 11–13$810K$829K
Land, buildings, equipmentLn 10c$7.5M$7.6M
Total assetsLn 16$9.3M$9.3M
LiabilitiesLn 26$4.2M$3.9M
Net assetsLn 32$5.1M$5.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$184K$184K
Other salaries and wagesLn 7$544K$511K$33K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$55K$40K$15K
Management feesLn 11a$50$50
Accounting feesLn 11c$28K$28K
Advertising and promotionLn 12$29K$29K
Office expensesLn 13$6K$6K
OccupancyLn 16$189K$189K
Conferences, conventions and meetingsLn 19$869$869
InterestLn 20$2$2
Depreciation, depletion and amortizationLn 22$266K$266K
InsuranceLn 23$59K$59K
Other expenses (24a–d)Ln 24$18K$18K
All other expensesLn 24e$249K$235K$14K
Total functional expensesLn 25$1.6M$975K$659K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$1.9M$174K$5.8M 990 PDF
FY2023 $2.0M$1.9M$120K$5.6M 990 PDF
FY2022 $1.8M$1.8M$28K$5.5M 990 PDF
FY2021 Viewing $1.9M$1.6M$308K$5.4M 990 PDF
FY2020 $2.0M$1.7M$268K$5.1M 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 (6 parts)
Part I · Summary $1,941,804 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,621$156,089
I-9 Program service revenuePrior year $1,358,470$1,242,589
I-10 Investment incomePrior year $11,647$4,156
I-11 Other revenuePrior year $539,545$538,970
I-12 Total revenuePrior year $1,983,283$1,941,804
I-13 Grants and similar amounts paidPrior year $80,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $805,678$789,632
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $829,200$844,351
I-18 Total expensesPrior year $1,714,878$1,633,983
I-19 Revenue less expensesPrior year $268,405$307,821
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,941,804 across 7 lines filed
VIII-1e Government grants$145,795
VIII-1f All other contributions, gifts and grants$10,294
VIII-1h Total contributions, gifts and grants$156,089
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $1,242,589$1,242,589
VIII-3 Investment incomeExcluded from tax $4,156$4,156
VIII-6 Net rental income or lossUnrelated business $23,595 · Excluded from tax $515,375$538,970
VIII-12 Total revenueRelated to mission $0 · Unrelated business $23,595 · Excluded from tax $1,762,120$1,941,804
Part IX · Statement of functional expenses $1,633,983 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $183,833$183,833
IX-7 Other salaries and wagesPrograms $511,315 · Management $32,692$544,007
IX-9 Other employee benefitsManagement $6,616$6,616
IX-10 Payroll taxesPrograms $40,120 · Management $15,056$55,176
IX-11a Management feesManagement $50$50
IX-11c Accounting feesManagement $28,163$28,163
IX-12 Advertising and promotionManagement $29,278$29,278
IX-13 Office expensesManagement $5,567$5,567
IX-16 OccupancyPrograms $188,829$188,829
IX-19 Conferences, conventions and meetingsManagement $869$869
IX-20 InterestManagement $2$2
IX-22 Depreciation, depletion and amortizationManagement $265,763$265,763
IX-23 InsuranceManagement $58,913$58,913
IX-24 Other expenses (24a–d)Management $18,180$18,180
IX-24e All other expensesPrograms $234,829 · Management $13,908$248,737
IX-25 Total functional expensesPrograms $975,093 · Management $658,890 · Fundraising $0$1,633,983
Part X · Balance sheet $9,325,202 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $313,181$185,286
X-2 Savings and temporary cash investmentsStart of year $591,202$627,443
X-4 Accounts receivableStart of year $13,624$28,307
X-8 Inventories for sale or useStart of year $2,425$2,135
X-9 Prepaid expenses and deferred chargesStart of year $13,101$20,450
X-10c Land, buildings and equipment, netStart of year $7,546,647$7,632,439
X-11 Publicly traded securitiesStart of year $810,050$829,142
X-16 Total assetsStart of year $9,290,230$9,325,202
X-17 Accounts payable and accrued expensesStart of year $4,044,036$3,900,530
X-26 Total liabilitiesStart of year $4,189,831$3,900,530
X-32 Total net assets or fund balancesStart of year $5,100,399$5,424,672
X-33 Total liabilities and net assetsStart of year $9,290,230$9,325,202
Part XI · Reconciliation of net assets $5,424,672 net assets at year end
XI-1 Total revenue$1,941,804
XI-2 Total expenses$1,633,983
XI-3 Revenue less expenses$307,821
XI-4 Net assets at start of year$5,100,399
XI-5 Net unrealized gains (losses) on investments$16,452
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,424,672

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

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