2013-07-22T15:21:15-05:00 2012-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2012-01-01 043206820 HEARTH INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE 6173691550 2013-07-19 1 DAVID KELLEHER CPA P01059560 5083669100 2013-07-12 2012 2016-02-24 21:20:13Z MARK D HINDERLIE 1640 WASHINGTON STREET BOSTON MA 02118 3794214 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. 24 23 136 221 0 0 2896017 1849931 1633797 1908601 6452 31249 -52486 -18887 4483780 3770894 0 0 0 0 2671296 2815456 0 0 279381 1721241 1510703 4392537 4326159 91243 -555265 5438351 4967711 1868133 2006105 3570218 2961606 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 3168218 1891398 SUPPORTIVE HOUSING -HEARTH MANAGES EIGHT SUPPORTIVE HOUSING SITES FOR 196 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 95 RESIDENTS RECEIVE DAILY ASSISTANCE IN ORDER TO REMAIN HOUSED IN THE COMMUNITY. 435000 21636 OUTREACH -SIX 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 2012, 120 HOMELESS ELDERS WERE PLACED IN PERMANENT HOUSING. ADDITIONALLY, OF THE ELDERS PLACED IN PERMANENT HOUSING IN THE PREVIOUS YEAR, APPROXIMATELY 97% WERE STILL HOUSED. A SUCCESS RATE OF WHICH WE ARE VERY PROUD. 3603218 1 1 0 0 0 0 0 0 1 0 1 0 1 1 0 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 0 0 0 1 9 0 1 136 1 0 0 0 0 0 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X X HEARTH INC 6173691550 1640 WASHINGTON ST BOSTON MA 02118 X MARK D HINDERLIE 40.00 X X 152821 0 3159 ROBERT WADSWORTH 2.00 X X 0 0 0 KEVIN MCCALL 2.00 X X 0 0 0 ELLEN FEINGOLD 2.00 X X 0 0 0 MYRNA PUTZIGER 2.00 X X 0 0 0 MARY S PARKER 2.00 X X 0 0 0 GREG ANSIN 2.00 X 0 0 0 ANNA M BISSONNETTE 2.00 X 0 0 0 ALAN ABRAMS 2.00 X 0 0 0 ROBERT BICKFORD 2.00 X 0 0 0 JENNIFER BOTTOMLEY 2.00 X 0 0 0 REBECCA BROWN 2.00 X 0 0 0 BOB HALLORAN 2.00 X 0 0 0 BOB HOULIHAN 2.00 X 0 0 0 DIANA KELLY 2.00 X 0 0 0 MICHEALLE LARKINS 2.00 X 0 0 0 GREGORY MANOUSOS 2.00 X 0 0 0 MARILYN MILLER 2.00 X 0 0 0 THOMAS MULLEN 2.00 X 0 0 0 REBECCA RIDLEY NAZARETH 2.00 X 0 0 0 DOUGLAS POUTASSE 2.00 X 0 0 0 KARYN SCHEIER 2.00 X 0 0 0 IRMA SCHRETTER 2.00 X 0 0 0 MARCIA SCOTT 2.00 X 0 0 0 WILLIAM PORCELLO 40.00 X 91101 0 8655 ANNE GARMEY-KLUTZ 40.00 X 100089 0 13076 344011 0 24890 2 0 1 0 0 41317 974084 834530 1849931 PROGRAM SERVICE FEES 900099 1533945 1533945 DEVELOPMENT FEE REVENU 900099 374656 374656 1908601 31249 31249 0 41317 23320 -23320 -23320 MISCELLANEOUS 900099 4433 4433 4433 3770894 1913034 0 7929 235284 32920 186677 15687 2194380 1919422 77033 197925 185225 155381 14255 15589 200567 156647 27686 16234 11273 3805 7468 33377 1096 32281 124480 73729 44319 6432 10538 10538 173800 133420 37982 2398 52424 40597 8423 3404 114420 92800 15278 6342 23762 14232 8301 1229 8035 5596 2109 330 73527 53041 20173 313 25379 17669 7710 RESERVE ON DEVELOPMENT 763213 763213 FOOD AND HOUSEHOLD SUPP 126095 125581 514 PROVISION OF AFFILIATE 67010 67010 MISCELLANEOUS 33356 11594 19747 2015 -129986 2475 -133406 945 4326159 3603218 443560 279381 1702241 736028 100821 50841 483434 442640 67100 55312 2302668 912863 1436091 1389805 270961 306341 240000 291942 1137703 1694802 5438351 4967711 300005 419003 39071 63127 1529057 1523975 1868133 2006105 X 2707083 2601246 863135 360360 3570218 2961606 5438351 4967711 X -555265 28238 -81585 X X 0 1 X 1 1 1 X 1909347 1738913 1911405 2896017 1909601 10365283 1909347 1738913 1911405 2896017 1909601 10365283 352814 10012469 6590 6782 11882 6452 31249 62955 6968 4433 11401 10439639 8545764 0.95910 0.96950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 297500 297500 1339250 321636 1017614 51519 17356 34163 614399 573871 40528 1389805 INVESTMENTS IN AFFILIATES 291942 C 291942 DUE FROM AFFILIATES 781499 FUNDS HELD IN TRUST 63127 FINANCING FEES 50176 DEVELOPMENT FEES RECEIVABLE 800000 1694802 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: HEARTH FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARDS, WHICH REQUIRES HEARTH TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS CONSOLIDATING FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2012, HEARTH DETERMINED THAT IT HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. HEARTH DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS IN 2013. HEARTH FILES INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. ANNUAL MEETING 31100 31100 17511 WINTER WALK 10217 10217 5809 41317 41317 23320 23320 -23320 X 0 0 0 0 0 0 0 0 0 MARK D HINDERLIE 149321 0 3500 0 0 0 0 0 3159 0 155980 0 0 0 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, 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 SIMILIAR 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. HOURS FOR RELATED ORGANIZATIONS FORM 990 PART VII LINE 1A COLUMN B HOURS SPENT ON 4 BISHOP STREET, INC., HEARTH MANAGEMENT, INC. AND HEARTH BEACON, INC.: MARK HINDERLIE AND WILLIAM PORCESLLO EACH SPEND APPROXIMATELY 1 HOUR REALTED TO 4 BISHOP STREET, INC., HEARTH MANAGEMENT, INC. AND HEARTH BEACON, INC. ALL OTHER INDIVIDUALS LISTED ON FORM 990 PART VII SECTION A SPEND APPROXIMATELY .1 HOURS RELATED TO 4 BISHOP STREET, INC., HEARTH MANAGEMENT, INC. AND HEARTH BEACON, INC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS TO HEARTH OLMSTED MANAGER, LLC 51,942. MANAGEMENT AND ADMINISTRATIVE FEES ALLOCATED TO AFFILIATES -133,527. 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. ALLOCATION OF ADMINISTRATIVE EXPENSE TO AFFILIATES 990 PART IX LINE 24E COLUMNS C $-133,406 ALLOCATION OF ADMINISTRATIVE EXPENSE TO AFFILIATES HEARTH AT BURROUGHS LLC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 LOW INCOME RENTAL MA 135177 1435732 HEARTH INC HEARTH OLMSTED MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 273901873 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA 0 51942 HEARTH INC 4 BISHOP STREET INC 1640 WASHINGTON STREET BOSTON MA 02118 223135170 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA 501(C)(3) LINE 9 HEARTH INC 1 HEARTH MANAGEMENT INC 1640 WASHINGTON STREET BOSTON MA 02118 043478332 PROPERTY MANAGEMENT SERVICES MA 501(C)(3) LINE 9 HEARTH INC 1 HEARTH BEACON INC 1640 WASHINGTON STREET BOSTON MA 02118 043446044 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA 501(C)(3) LINE 9 HEARTH INC 1 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 -119 1972 0 0 0.00050 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 -1909 38068 0 0 0.00790 HEARTH OLMSTED LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 273902520 OPERATE 59 UNITS OF ASSIS. 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