2011-06-29T13:30:09-05:00 2010-12-31 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBOROUGH MA 01581 990 2010-01-01 043206820 HEARTH INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE 6173691550 2011-06-28 1 DAVID KELLEHER CPA 5083669100 2010 2016-02-24 21:20:13Z MARK D HINDERLIE 1640 WASHINGTON STREET BOSTON MA 02118 3565041 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. 23 22 110 200 0 0 1738913 1911405 1903264 1626966 6782 11882 -16203 6968 3632756 3557221 0 0 0 0 2496688 2574439 0 0 263233 561716 597070 3058404 3171509 574352 385712 5039113 6008794 1879653 2490843 3159460 3517951 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 2157369 1624880 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 75 RESIDENTS OR JUST OVER ONE-HALF OF HEARTH'S RESIDENT POPULATION RECEIVES DAILY ASSISTANCE IN ORDER TO REMAIN HOUSED IN THE COMMUNITY. 288257 16874 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 2010, 57 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. 2445626 1 1 0 0 0 0 0 1 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 4 0 1 110 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 22 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 135651 0 2855 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 GENE MILLER 2.00 X 0 0 0 MARILYN MILLER 2.00 X 0 0 0 REBECCA RIDLEY NAZARETH 2.00 X 0 0 0 LAURA HENZE RUSSEL 2.00 X 0 0 0 KARYN F SCHEIER 2.00 X 0 0 0 IRMA M SCHRETTER 2.00 X 0 0 0 JUDITH WATERSON 2.00 X 0 0 0 JENNIFER DAVIS CAREY 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 WILLIAM PORCELLO 36.00 X 74230 0 11460 PAMELA JONES-SAMPSON 40.00 X 50177 0 948 260058 0 15263 1 0 0 0 COM-TON SHEET METAL & ROOFING 29 CLAPP STREET BOSTON MA 02125 GENERAL CONTRACTOR 136780 1 25246 933065 953094 1911405 PROGRAM SERVICE FEES 900099 1553700 1553700 RECOVERY OF AFFILIATE 900099 73266 73266 1626966 11882 11882 0 25246 7820 -7820 -7820 MISCELLANEOUS INCOME 900099 14788 14788 14788 3557221 1641754 0 4062 218023 18180 185858 13985 1997889 1683875 140856 173158 153686 123307 17890 12489 204841 157876 31160 15805 170 170 28185 909 27276 55546 41083 9306 5157 141391 83545 28045 29801 12219 9419 2800 113998 92313 15569 6116 17838 4654 12716 468 10972 10972 87805 65249 22035 521 24835 17804 7031 FOOD 103189 103139 50 MANAGEMENT AND ADMINIST 27155 27155 MISCELLANEOUS 23436 12844 8862 1730 BAD DEBT 1487 1487 FUNDRAISING EXPENSE 1203 1203 -52359 1064 -53423 3171509 2445626 462650 263233 884206 1553747 205680 50796 193744 191589 91837 82219 3594919 755545 2081350 2839374 239214 271396 240000 240000 1103082 779673 5039113 6008794 346963 858520 43166 44933 1489524 1587390 1879653 2490843 X 2981045 3195006 178415 322945 3159460 3517951 5039113 6008794 X 385712 -27221 X X 0 1 1 X 0 X 1725290 1823404 1909347 1738913 1911405 9108359 1725290 1823404 1909347 1738913 1911405 9108359 192151 8916208 14099 21347 6590 6782 11882 60700 6968 6968 9176027 7859162 0.97170 0.97120 X SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: OTHER INCOME ON LINE 10 OF PART II OF THE SCHEDULE A: COLUMN E: THIS AMOUNT CONSISTS OF COMMONWEALTH CARE REVENUE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 297500 297500 1392819 229905 1162914 51519 12766 38753 587564 512874 74690 1265517 1265517 2839374 DUE FROM AFFILIATES 681669 FUNDS HELD IN TRUST 44933 FINANCING FEES 53071 779673 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 COMBINING FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2010, 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 2011. 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 20550 20550 7767 WINTER WALK 4696 4696 53 25246 25246 7820 7820 -7820 FORM 990, PART VI, SECTION B, LINE 11 THE 990 IS PRESENTED TO THE EXECUTIVE/FINANCE COMMITTEE. THE EXECUTIVE/FINANCE COMMITTEE REVIEWS THE 990 AND APPROVES IT. AFTER IT HAS BEEN APPROVED, THE EXECUTIVE/FINANCE COMMITTEE PRESENTS IT 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 GAINS ON INVESTMENTS: 26,227. MANAGEMENT AND ADMINISTRATIVE FEES ALLOCATED TO AFFILIATES -53,448. TOTAL TO FORM 990, PART XI, LINE 5: -27,221. 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 24F COLUMNS C $-54,419 ALLOCATION OF ADMINISTRATIVE EXPENSE TO AFFILIATES HEARTH AT BURROUGHS LLC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 LOW INCOME RENTAL MA 121246 1576445 HEARTH INC HEARTH OLMSTED MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 273901873 OPERATES HOUSING FOR FORMERLY HOMELESS ELDERS MA 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 -94 2067 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 -1403 31312 0 0 0.00790 HEARTH OLMSTED LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 273902520 WILL BEGIN OPERATING A 59 UNIT PROJECT FOR ELDERLY LOW-INCOME INDIVIDUALS MA HEARTH OLMSTED MANAGER LLC RELATED 0 0 0.00090 CEEH E CONCORD INC 1640 WASHINGTON STREET BOSTON MA 02118 043288009 LOW INCOME RENTAL MA HEARTH INC C 0.79000 NCS RUGGLES INC 1640 WASHINGTON STREET BOSTON MA 02118 043519728 LOW INCOME RENTAL MA HEARTH INC C 0.50000 0 0 0 1 1 0 0 0 0 1 1 0 0 1 0 1 0 0 4 BISHOP STREET INC N 16906 FAIR MARKET VALUE HEARTH MANAGEMENT INC N 62444 FAIR MARKET VALUE HEARTH BEACON INC N 9702 FAIR MARKET VALUE HEARTH BEACON INC D 326280 FAIR MARKET VALUE EAST CONCORD STREET LIMITED PARTNERSHIP J 30329 FAIR MARKET VALUE EAST CONCORD STREET LIMITED PARTNERSHIP N 181401 FAIR MARKET VALUE RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP D 868578 FAIR MARKET VALUE EAST CONCORD STREET LIMITED PARTNERSHIP D 2104239 FAIR MARKET VALUE RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP K 16227 FAIR MARKET VALUE RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP P 71847 FAIR MARKET VALUE HEARTH BEACON INC E 315 FAIR MARKET VALUE 4 BISHOP STREET INC D 2023 FAIR MARKET VALUE HEARTH MANAGEMENT INC D 106180 FAIR MARKET VALUE