2012-08-15T14:52:38-05:00 2011-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2011-01-01 043206820 HEARTH INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE 6173691550 2012-08-15 1 DAVID KELLEHER CPA P01059560 5083669100 2012-08-15 2011 2016-02-24 21:20:13Z MARK D HINDERLIE 1640 WASHINGTON STREET BOSTON MA 02118 4536266 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. 22 21 119 279 0 0 1911405 2896017 1626966 1633797 11882 6452 6968 -52486 3557221 4483780 0 0 0 0 2574439 2671296 0 0 278927 597070 1721241 3171509 4392537 385712 91243 6008794 5438351 2490843 1868133 3517951 3570218 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 3191979 1611411 SUPPORTIVE HOUSING -HEARTH MANAGES SEVEN SUPPORTIVE HOUSING SITES FOR 137 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. 455196 22386 OUTREACH -SIX CASE MANAGERS AND A DIRECTOR ASSIST APPROXIMATELY 283 HOMELESS OR AT RISK ELDERS IN THEIR SEARCH FOR PERMANENT HOUSING AND SERVICES DURING THE YEAR. OF THE TOTAL SERVED IN 2011, 76 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. 3647175 1 1 0 0 0 0 0 0 0 0 1 0 0 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 7 0 1 119 1 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 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 153728 0 3094 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 0 0 0 GREG ANSIN 2.00 X 0 0 0 ANNA M BISSONETTE 2.00 X 0 0 0 ALAN ABRAMS 2.00 X 0 0 0 ROBERT HALLORAN 2.00 X 0 0 0 ROBERT HOULIHAN 2.00 X 0 0 0 MARILYN MILLER 2.00 X 0 0 0 REBECCA RIDLEY NAZARETH 2.00 X 0 0 0 KARYN F SCHEIER 2.00 X 0 0 0 IRMA M SCHRETTER 2.00 X 0 0 0 ROBERT BICKFORD 2.00 X 0 0 0 REBECCA TYLER BROWN MD 2.00 X 0 0 0 DIANA J KELLY 2.00 X 0 0 0 DOUGLAS POUTASSE 2.00 X 0 0 0 MICHEALLE LARKINS 2.00 X 0 0 0 GREGORY MANOUSOS 2.00 X 0 0 0 THOMAS MULLEN 2.00 X 0 0 0 WILLIAM PORCELLO 36.00 X 94871 0 12723 ANNE GARMEY-CLUTZ 40.00 X 105955 0 12772 354554 0 28589 2 0 1 0 0 137096 926003 1832918 2896017 PROGRAM SERVICE FEES 900099 1471805 1471805 RECOVERY OF AFFILIATE 900099 92812 92812 DEVELOPMENT FEE REVENU 900099 69180 69180 1633797 6452 6452 0 137096 52486 -52486 -52486 4483780 1633797 0 -46034 277518 47688 213873 15957 2019727 1761533 89620 168574 164212 131542 19048 13622 209839 158945 34490 16404 4074 4074 29116 926 28190 49339 17432 30678 1229 1150 1150 158958 96984 33555 28419 53679 38129 10490 5060 118162 94850 17243 6069 27314 17122 9827 365 8474 7335 978 161 86686 62833 23450 403 25006 17737 7269 RESERVE ON DEVELOPMENT 1068865 1068865 FOOD 108687 107831 771 85 MISCELLANEOUS 28658 10944 11078 6636 FUNDRAISING EXPENSE 14683 14683 -61610 2405 -64125 110 4392537 3647175 466435 278927 1553747 1702241 50796 100821 191589 483434 82219 67100 2276875 840784 2839374 1436091 271396 270961 0 240000 240000 779673 1137703 6008794 5438351 858520 300005 44933 39071 1587390 1529057 2490843 1868133 X 3195006 2707083 322945 863135 3517951 3570218 6008794 5438351 X 91243 -38976 X X 0 1 1 X 0 X 1823404 1909347 1738913 1911405 2896017 10279086 1823404 1909347 1738913 1911405 2896017 10279086 255629 10023457 21347 6590 6782 11882 6452 53053 6968 6968 10339107 8045887 0.96950 0.97170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 297500 297500 887184 275770 611414 503585 15061 488524 588606 549953 38653 1436091 DUE FROM AFFILIATES 699957 FUNDS HELD IN TRUST 39071 FINANCING FEES 51624 DEVELOPMENT FEES RECEIVABLE 347051 1137703 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: 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, 2011, 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 2012. 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. ANNIVERSARY 88267 88267 19993 ELSIE FRANK 27590 27590 882 4 21239 21239 31611 137096 137096 52486 52486 -52486 X 0 0 0 0 0 0 0 0 0 MARK D HINDERLIE 139683 0 14045 0 0 0 0 0 3094 0 156822 0 0 0 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. 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.: ALL INDIVIDUALS LISTED ON FORM 990 PART VII SECTION A SPEND APPROXIMATELY .5 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -5,651. MANAGEMENT AND ADMINISTRATIVE FEES ALLOCATED TO AFFILIATES -64,125. ADOPTION OF ACCOUNTING PRINCIPLE 30,800. TOTAL TO FORM 990, PART XI, LINE 5: -38,976. 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 $-64,125 ALLOCATION OF ADMINISTRATIVE EXPENSE TO AFFILIATES HEARTH AT BURROUGHS LLC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 LOW INCOME RENTAL MA 131958 1545319 HEARTH INC HEARTH OLMSTED MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 273901873 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA 0 0 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 OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW-INCOME MA NCS RUGGLES INC RELATED -89 2044 0 0 0.00050 EAST CONCORD LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 043288011 OPERATE 41 UNITS OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW INCOME MA CEEH E CONCORD INC RELATED -1867 30522 0 0 0.00790 HEARTH OLMSTED LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 273902520 LOW INCOME HOUSING FOR ELDERLY, CURRENTLY UNDER DEVELOPMENT MA HEARTH OLMSTED MANAGER LLC RELATED 11564206 0 0 1.00000 CEEH E CONCORD INC 1640 WASHINGTON STREET BOSTON MA 02118 043288009 LOW INCOME RENTAL MA HEARTH INC C -2337 0.79000 NCS RUGGLES INC 1640 WASHINGTON STREET BOSTON MA 02118 043519728 LOW INCOME RENTAL MA HEARTH INC C -317 0.50000 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 HEARTH MANAGEMENT INC N 72103 FAIR MARKET VALUE EAST CONCORD STREET LIMITED PARTNERSHIP N 186433 FAIR MARKET VALUE EAST CONCORD STREET LIMITED PARTNERSHIP D 76835 FAIR MARKET VALUE RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP P 76444 FAIR MARKET VALUE HEARTH MANAGEMENT INC O 232419 FAIR MARKET VALUE HEARTH OLMSTED LIMITED PARTNERSHIP D 1068865 FAIR MARKET VALUE HEARTH OLMSTED LIMITED PARTNERSHIP D 447030 FAIR MARKET VALUE HEARTH OLMSTED LIMITED PARTNERSHIP K 69180 FAIR MARKET VALUE