2025-01-15T10:12:48-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043206820 HEARTH INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 RHONDA PIERONI PRESIDENT & CEO 6173691550 2025-01-14 1 1 DAVID KELLEHER CPA P01059560 5083669100 2025-01-14 2023 2024-10-15 13:58:12Z RHONDA PIERONI 1640 WASHINGTON STREET BOSTON MA 02118 6012830 0 3461 X WWW.HEARTH-HOME.ORG X 1993 MA HEARTH, INC. (HEARTH) IS A NONPROFIT ORGANIZATION DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A UNIQUE BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN. 21 20 97 230 0 0 2063909 2526593 1665396 2606178 100409 216338 24 75979 3829738 5425088 0 0 0 0 3379552 3963341 0 0 375592 1893213 2082746 5272765 6046087 -1443027 -620999 11403680 11436732 3622411 4027654 7781269 7409078 X HEARTH, INC. (HEARTH) IS A NONPROFIT ORGANIZATION DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN. TO THIS END, THE HOUSING PROVIDES SUPPORTIVE SOCIAL AND HEALTH SERVICES WHICH ASSIST RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, SO THAT ALL CAN ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL. 0 0 2985770 2711508 SUPPORTIVE HOUSING -AS OF FY 2023, HEARTH OPERATES 228 UNITS OF PERMANENT SUPPORTIVE HOUSING AT 7 GREATER BOSTON LOCATIONS. HEARTH IS COMMITTED TO PLACING ELDERS IN SERVICED-ENRICHED HOUSING, PROMOTING SELF-SUFFICIENCY BY PROVIDING OR CONNECTING ELDERS WITH SERVICES THEY REQUIRE, INCLUDING, BUT NOT LIMITED TO: MENTAL HEALTH SERVICES, HEALTH SERVICES, AND SOCIAL SERVICES. INDIVIDUAL SERVICE PLANS ARE CREATED TO FIT THE UNIQUE NEEDS OF EACH RESIDENT, ALLOWING EVEN FRAIL ELDERS TO LIVE WITH INDEPENDENCE. HEARTH HAS AN EXTENSIVE HOUSING SERVICE TEAM, WHICH INCLUDES, BUT IS NOT LIMITED TO: NURSES, SOCIAL WORKERS, PROGRAM MANAGERS, PERSONAL CARE HOMEMAKERS, ACTIVITIES COORDINATORS, SUBSTANCE ABUSE SPECIALISTS, AND RESIDENT SERVICE COORDINATORS. 770904 OUTREACH -HEARTH'S OUTREACH PROGRAM PROVIDES A COMPREHENSVE SET OF SERVICES TO HOMELESS AND AT-RISK ELDERS TO HELP THEM RE-ESTABLISH THEIR LIVES WITHIN PERMANENT AND AFFORDABLE HOUSING IN AND AROUND THE CITY OF BOSTON. THE PROGRAM FOCUSES ON CONNECTION; HOUSING SEARCH AND CASE MANAGEMENT; AND PLACEMENT AND STABILIZATION. 3756674 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 12 0 1 97 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X ANDREW COLE 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE PRESIDENT & CEO (UNTIL 11/2023) 38.00 2.00 X X 158790 0 5451 RHONDA PIERONI CAO/PRES. & CEO (AS OF 11/23) 38.00 2.00 X X 131431 0 10124 DOUGLASS POUTASSE CHAIR 2.00 0.20 X X 0 0 0 ALVETA HAYNES VICE-CHAIR 2.00 0.20 X X 0 0 0 GREGORY MANOUSOS TREASURER 2.00 0.20 X X 0 0 0 KARYN SCHEIER CLERK 2.00 0.20 X X 0 0 0 KEVIN MCCALL PAST CHAIR 2.00 0.20 X 0 0 0 ALAN ABRAMS BOARD MEMBER 2.00 0.20 X 0 0 0 RAMESH ADVANI BOARD MEMBER 2.00 0.20 X 0 0 0 JENNIFER BOTTOMLEY BOARD MEMBER 2.00 0.20 X 0 0 0 REBECCA TYLER BROWN BOARD MEMBER 2.00 0.20 X 0 0 0 THOMAS BYRNE BOARD MEMBER 2.00 0.20 X 0 0 0 ELLEN FEINGOLD BOARD MEMBER 2.00 0.20 X 0 0 0 MARILYN MILLER BOARD MEMBER 2.00 0.20 X 0 0 0 GREGORY MINOTT BOARD MEMBER 2.00 0.20 X 0 0 0 MARY PARKER BOARD MEMBER 2.00 0.20 X 0 0 0 TANIA PHILLIPS BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT WADSWORTH BOARD MEMBER 2.00 0.20 X 0 0 0 STACEY ZAWEL BOARD MEMBER 2.00 0.20 X 0 0 0 PRANITA AMARASINGHE BOARD MEMBER 2.00 0.20 X 0 0 0 MILES BYRNE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANE VALLE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANA KELLY BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 ROBERT HOULIHAN BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 DONALD WILKINS BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 MICHAEL BURMAN CFO 38.00 2.00 X 132597 0 4662 BLISS AUSTIN-SPOONER CHIEF DEVELOPMENT OFFICER 39.00 1.00 X 137921 0 20738 LINDA VENDOLA CONTROLLER 39.00 1.00 X 111173 0 15215 671912 0 56190 5 0 1 0 0 52520 1775730 698343 2526593 PROGRAM SERVICE FEES 623311 2577719 2577719 INTEREST ON ADVANCES T 623311 28459 28459 2606178 92814 92814 674952 551428 123524 123524 123524 6963 52520 36314 -29351 -29351 MISCELLANEOUS 900099 105330 105330 105330 5425088 2711508 0 186987 448808 130286 302016 16506 2892916 2217744 410890 264282 75449 58779 9801 6869 251933 178377 52011 21545 294235 210574 59782 23879 88295 88295 27384 22238 5146 79212 1212 78000 35000 35000 50040 50040 164966 28573 135959 434 2412 2412 178182 81065 83462 13655 90539 88390 2149 276959 221167 48971 6821 28633 22983 4841 809 4087 163 3648 276 1447 1447 61014 59812 1202 BAD DEBT 489449 71078 418371 SUPPLIES AND CLIENT EXP 246571 225274 6427 14870 MISCELLANEOUS 133485 15943 117467 75 RECRUITMENT 125071 121664 2397 1010 6046087 3756674 1913821 375592 806307 1031137 653680 576690 116700 91840 277121 653249 31779 40121 3691361 1679043 2071965 2012318 5074509 4813926 51942 51942 2319677 2165509 11403680 11436732 538331 621007 136228 124539 1739298 1740745 1208554 1541363 3622411 4027654 X 7693769 7399078 87500 10000 7781269 7409078 11403680 11436732 -620999 248808 0 X X 0 1 X 1 0 X 2512320 2744602 3617332 2063909 2526593 13464756 2512320 2744602 3617332 2063909 2526593 13464756 663350 12801406 111772 95276 109683 100409 92814 509954 2803 2803 13977513 13155595 0.91590 0.86790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 35000 35000 0 PART II-B, LINE 1: JOINT MEMBERSHIP WITH SMITH, COSTELLO, & CRAWFORD 0 1 X 1397500 1397500 1520903 908724 612179 772958 770319 2639 2012318 DUE FROM AFFILIATES 2040970 FUNDS HELD IN TRUST 124539 2165509 DUE TO AFFILIATES 1541363 1541363 X PART IV, LINE 2B: THE ACCOUNTS WERE ESTABLISHED IN ACCORDANCE WITH SOCIAL SECURITY ADMINISTRATION AND VETERANS ADMINISTRATION REGULATIONS TO RECEIVE AND DISBURSE SOCIAL SECURITY AND VETERANS BENEFITS OF PARTICIPANTS WHO REQUIRE ASSISTANCE IN THE MANAGEMENT OF THEIR BENEFITS. PART X, LINE 2: HEARTH ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENT REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. HEARTH HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. HEARTH'S INFORMATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 2023 GALA 59483 52520 6963 2909 33405 59483 52520 6963 2909 33405 36314 -29351 X 0 0 0 0 0 0 0 0 0 MARK D HINDERLIE PRESIDENT & CEO (UNTIL 11/2023) 158790 0 0 0 0 0 4788 0 663 0 164241 0 0 0 BLISS AUSTIN-SPOONER CHIEF DEVELOPMENT OFFICER 137921 0 0 0 0 0 4384 0 16354 0 158659 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVE THE PRESIDENT & CEO'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE CONSISTS OF THE CHAIRS OF THE STANDING COMMITTEES OF THE BOARD, PLUS THE ELECTED CHAIR, VICE-CHAIR, TREASURER AND CLERK ALONG WITH THE PAST CHAIR. THE STANDING COMMITTEES ARE NOMINATING, INSTITUTIONAL ADVANCEMENT, REAL ESTATE, INVESTMENT AND FINANCE. ALL ARE ELECTED. WHILE THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD ON ALL MATTERS, OUR POLICY AND PRACTICE IS THAT WHEN THE EXECUTIVE COMMITTEE DEEMS A MATTER TO BE OF SUFFICENT SIGNIFICANCE, SUCH MATTER WILL BE BROUGHT TO THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO SENIOR MEMBERS OF THE EXECUTIVE/FINANCE COMMITTEE FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS AND ALL OFFICERS SIGN AND ACKNOWLEDGE THEY ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND MUST LIST ANY ITEMS THAT MIGHT CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD WILL MEET AND EVALUATE THE COMPENSATION OF KEY EMPLOYEES AND OFFICERS, INCLUDING THE PRESIDENT/CEO. FOR THE REVIEW OF THE PRESIDENT/CEO, THE BOARD CHAIR WILL CLOSELY REVIEW A SELF-EVALUATION COMPLETED BY THE PRESIDENT/CEO, COVERING ALL ASPECTS OF THE ORGANIZATION'S PERFORMANCE, AND PRESENTS HIS OR HER ASSESSMENT OF THAT EVALUATION. FOR THE COO, CFO, AND DIRECTOR OF INSTITUTIONAL ADVANCEMENT, THIS PROCESS IS UNDERTAKEN BY THE CEO AND PRESENTED TO THE COMMITTEE WITH HIS ASSESSMENT ALONG WITH INFORMATION REGARDING INDUSTRY AND AREA COMPENSATION LEVELS FOR SIMILAR ROLES. ANY COMPENSATION CHANGES RESULTING FROM THIS PROCESS WILL BE APPROVED BY THE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 HEARTH, INC. IS NOT REQUIRED TO MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS PUBLIC. THESE DOCUMENTS ARE AVAILABLE ONLY UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART XII, LINE 2C: THE EXECUTIVE/FINANCE COMMITTEE ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. HEARTH AT BURROUGHS LLC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 LOW INCOME RENTAL MA 167709 576737 HEARTH INC HEARTH BEACON INC 1640 WASHINGTON STREET BOSTON MA 02118 043446044 ELDERLY LOW-INCOME HOUSING MA 501(C)(3) LINE 10 HEARTH INC 1 4 BISHOP STREET INC 1640 WASHINGTON STREET BOSTON MA 02118 223135170 ELDERLY LOW-INCOME HOUSING MA 501(C)(3) LINE 10 HEARTH INC 1 EAST CONCORD STREET LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 043288011 OPERATE 41 UNITS OF ASSIS. LIVING HOUSING FOR QUALIFIED LOW-INCOME RESIDENTS MA CEEH E CONCORD INC RELATED -188351 3640296 0 0 0.99000 HEARTH OLMSTED LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 273902520 OPERATE 59 UNITS OF ASSIS. LIVING HOUSING FOR QUALIFIED LOW-INCOME RESIDENTS MA N/A N/A 0 0 RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 043519729 OPERATE 43 UNITS OF ASSIS. LIVING HOUSING FOR QUALIFIED LOW INCOME RESIDENTS MA NCS RUGGLES INC RELATED -572226 2587353 0 0 0.99900 HEARTH FOUR CORNERS LLC 1640 WASHINGTON STREET BOSTON MA 02118 815267286 OPERATE 54 UNITS OF ASSIS. 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