2016-05-16T13:02:06-05:00 2015-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2015-01-01 043206820 HEARTH INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE PRESIDENT & CEO 6173691550 2016-05-11 1 DAVID KELLEHER CPA P01059560 5083669100 2016-05-02 2015 2016-09-27 15:27:22Z MARK D HINDERLIE 1640 WASHINGTON STREET BOSTON MA 02118 3807642 0 3461 X WWW.HEARTH-HOME.ORG X 1993 MA HEARTH IS DEDICATED TO THE ELIMINATION OF HOMELESSNESS AMONG THE ELDERLY. 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. TO THIS END, ALL HOUSING OPERATED BY HEARTH PROVIDES A CREATIVE ARRAY OF SUPPORTIVE SERVICES THAT ASSIST RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR SPECIAL MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. HEARTH BELIEVES THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, WITH THE DESIRE TO SEE BOTH ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL. 26 25 124 300 0 0 1457553 2016607 1700555 1694101 10773 15967 75902 80967 3244783 3807642 0 0 0 0 3010945 2811369 0 0 278908 656329 689423 3667274 3500792 -422491 306850 4407371 4579870 1828427 1863265 2578944 2716605 X HEARTH IS DEDICATED TO THE ELIMINATION OF HOMELESSNESS AMONG THE ELDERLY. 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. TO THIS END, ALL HOUSING OPERATED BY HEARTH PROVIDES A CREATIVE ARRAY OF SUPPORTIVE SERVICES THAT ASSIST RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR SPECIAL MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. HEARTH BELIEVES THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, WITH THE DESIRE TO SEE BOTH ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL. 0 0 2315249 1775068 SUPPORTIVE HOUSING -HEARTH MANAGES SEVEN SUPPORTIVE HOUSING SITES FOR 189 FORMERLY HOMELESS ELDERS AND THOSE WHO WERE AT RISK OF HOMELESSNESS. ALL OF HEARTH'S RESIDENTS RECEIVE THE HELP THEY NEED TO STAY SAFELY HOUSED, AND OVER 90 RESIDENTS RECEIVE DAILY ASSISTANCE IN ORDER TO REMAIN HOUSED IN THE COMMUNITY. 488088 OUTREACH -SEVEN CASE MANAGERS AND A DIRECTOR ASSIST APPROXIMATELY 300 HOMELESS OR AT RISK ELDERS IN THEIR SEARCH FOR PERMANENT HOUSING AND SERVICES DURING THE YEAR. OF THE TOTAL SERVED IN 2015, 87 HOMELESS OR AT RISK ELDERS WERE PLACED IN PERMANENT HOUSING. ADDITIONALLY, OF THE ELDERS PLACED IN PERMANENT HOUSING IN THE PREVIOUS YEAR, APPROXIMATELY 98% WERE STILL HOUSED, A SUCCESS RATE OF WHICH WE ARE VERY PROUD. 2803337 1 1 0 1 0 0 0 0 1 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 19 0 1 124 1 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X WILLIAM PORCELLO 6173691550 1640 WASHINGTON ST BOSTON MA 02118 MARK D HINDERLIE PRESIDENT & CEO 37.00 3.00 X X 143145 0 19957 ROBERT WADSWORTH CHAIR 2.00 0.10 X X 0 0 0 KEVIN MCCALL VICE CHAIR 2.00 0.10 X X 0 0 0 DIANA J KELLY TREASURER 2.00 0.10 X X 0 0 0 KARYN F SCHEIER CLERK 2.00 0.10 X X 0 0 0 ELLEN FEINGOLD BOARD MEMBER 2.00 0.10 X 0 0 0 ANNA M BISSONNETTE BOARD MEMBER 2.00 0.10 X 0 0 0 ALAN ABRAMS BOARD MEMBER 2.00 0.10 X 0 0 0 ROBERT BICKFORD BOARD MEMBER 2.00 0.10 X 0 0 0 JENNIFER BOTTOMLEY BOARD MEMBER 2.00 0.10 X 0 0 0 REBECCA BROWN MD BOARD MEMBER 2.00 0.10 X 0 0 0 BOB HALLORAN BOARD MEMBER 2.00 0.10 X 0 0 0 BOB HOULIHAN BOARD MEMBER 2.00 0.10 X 0 0 0 MICHEALLE LARKINS BOARD MEMBER 2.00 0.10 X 0 0 0 GREGORY MANOUSOS BOARD MEMBER 2.00 0.10 X 0 0 0 MARILYN MILLER BOARD MEMBER 2.00 0.10 X 0 0 0 REBECCA RIDLEY NAZARETH BOARD MEMBER 2.00 0.10 X 0 0 0 DOUGLAS POUTASSE BOARD MEMBER 2.00 0.10 X 0 0 0 IRMA SCHRETTER BOARD MEMBER 2.00 0.10 X 0 0 0 PARAM ROYCHOUDHURY BOARD MEMBER 2.00 0.10 X 0 0 0 RAYMOND WALDEN BOARD MEMBER 2.00 0.10 X 0 0 0 VICTORIA WILLIAMS BOARD MEMBER 2.00 0.10 X 0 0 0 DONALD WILKINS BOARD MEMBER 2.00 0.10 X 0 0 0 CHRISTINE ARAUJO BOARD MEMBER 2.00 0.10 X 0 0 0 RAMESH ADVANI BOARD MEMBER 2.00 0.10 X 0 0 0 KATRINA SHAW BOARD MEMBER 2.00 0.10 X 0 0 0 MARY PARKER BOARD MEMBER 2.00 0.10 X 0 0 0 WILLIAM PORCELLO CHIEF FINANCIAL OFFICER 37.00 3.00 X 94441 0 18018 237586 0 37975 1 0 1 0 0 983173 1033434 2016607 PROGRAM SERVICE FEES 900099 1694101 1694101 1694101 15967 15967 INCENTIVE MANAGEMENT A 900099 43130 43130 MISCELLANEOUS 900099 37837 37837 80967 3807642 1775068 0 15967 290270 50827 222296 17147 2133503 1864341 102725 166437 177435 160848 3683 12904 210161 167537 28432 14192 15525 15525 35169 1149 34020 384 384 38547 17384 12609 8554 330 330 269697 209649 36479 23569 66567 46395 13349 6823 115756 88359 20344 7053 20957 10424 10379 154 7441 5301 1539 601 72632 53245 19387 26213 14964 11249 FOOD AND HOUSEHOLD SUPP 83602 82922 680 0 MISCELLANEOUS 39056 9914 28528 614 RECRUITMENT 24699 4169 0 20530 CHANGE IN DISCOUNT OF A 6619 6619 -133771 -133771 3500792 2803337 418547 278908 781209 851134 391237 414795 119387 328805 214338 267290 54466 59605 2382800 1112676 1328592 1270124 750162 789209 291942 291942 476038 306966 4407371 4579870 372924 390885 80503 97380 1375000 1375000 1828427 1863265 X 2350365 2220157 228579 496448 2578944 2716605 4407371 4579870 X 306850 -35418 -133771 X X 0 1 X 1 0 X 2896017 1849931 2084215 1457553 2016607 10304323 2896017 1849931 2084215 1457553 2016607 10304323 439878 9864445 6452 31249 8818 10773 15967 73259 4433 89147 75902 80967 250449 10628031 8644156 0.92820 0.92110 X FORM 990 SCHEDULE A PART II SECTION B LINE 10 INCENTIVE MANAGEMENT AND TAX CREDIT COMPLIANCE FEES AND MISCELLANEOUS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 384 384 0 PART II-B, LINE 1: JOINT MEMBERSHIP WITH LEADINGAGE MASSACHUSETTS. 0 1 X 297500 297500 1414724 486285 928439 670576 626391 44185 1270124 INVESTMENTS IN AFFILIATES 291942 C 291942 DUE FROM AFFILIATES 163753 FUNDS HELD IN TRUST 97380 FINANCING FEES 45833 306966 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, 2015. HEARTH'S INFORMATION TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. X 0 0 0 0 0 0 0 0 0 MARK D HINDERLIE PRESIDENT & CEO 143145 0 0 0 0 0 0 0 19957 0 163102 0 0 0 PART I, LINE 3 THE BOARD OF DIRECTORS APPROVE THE PRESIDENT & CEO'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1 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 11 THE 990 IS PRESENTED TO SENIOR MEMBERS OF THE EXECUTIVE/FINANCE COMMITTEE FOR REVIEW AND APPROVAL. AFTER IT HAS BEEN APPROVED, THE 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW. 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 XI, LINE 9: MANAGEMENT AND ADMINISTRATIVE FEES ALLOCATED TO AFFILIATES -133,771. FORM 990 PART XI LINE 2C THE EXECUTIVE/FINANCE COMMITTEE ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. FORM 990 PART IX LINE 24E COLUMNS C ALLOCATION OF ADMINISTRATIVE EXPENSE TO AFFILIATES: $-133,771 HEARTH AT BURROUGHS LLC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 LOW INCOME RENTAL MA 138356 1165408 HEARTH INC HEARTH OLMSTED MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 273901873 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA -1021 51740 HEARTH INC EAST CONCORD 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 -118035 4298975 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 CEEH E CONCORD INC 1640 WASHINGTON STREET BOSTON MA 02118 043288009 LOW INCOME RENTAL MA HEARTH INC C -1389 0.79000 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 EAST CONCORD STREET LP O 135002 FAIR MARKET VALUE HEARTH MANAGEMENT INC D 445230 FAIR MARKET VALUE HEARTH OLMSTED LP D 57074 FAIR MARKET VALUE HEARTH BEACON INC E 73336 FAIR MARKET VALUE 4 BISHOP STREET INC E 53858 FAIR MARKET VALUE