Hearth Inc, Hearth Management Inc in Boston, Massachusetts (MA)
Table of contents:
| Hearth Inc, Hearth Management Inc | |
| Employer Identification Number (EIN) | 043478332 |
| Name of Organization | Hearth Inc |
| Secondary Name | Hearth Management Inc |
| Address | 1640 Washington Street, Boston, MA 02118-3380 |
| Subsection | Charitable Organization |
| Ruling Date | 05/1994 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $334,534 |
| Amount of Income | $133,550 |
| Form 990 Revenue Amount | $133,550 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $133,550 (it was $130,410 in 2012)
| Hearth Inc, Hearth Management Inc: | $133,550 |
| Other organizations performing similar types of work: | $345,298 |
Assets in 2013: $334,534 (it was $299,054 in 2012)
| Hearth Inc, Hearth Management Inc: | $334,534 |
| Other organizations performing similar types of work: | $1,142,570 |
Expenses in 2013: $87,346
| Hearth Inc, Hearth Management Inc: | $87,346 |
| Other organizations performing similar types of work: | $349,008 |
Income to expenses ratio in 2013: 1.5
| This organization: | 1.5 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 47.4% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $126,927 | $130,410 | $133,550 |
| Contributions, gifts, grants, and similar amounts received | $0 | $0 | $0 |
| Program service revenue including government fees and contracts | $126,927 | $130,410 | $133,550 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $95,176 | $66,945 | $87,346 |
| Total net assets | $203,530 | $274,904 | $331,723 |
| Excess/Deficit for the year | $31,751 | $63,465 | $46,204 |
| Net assets or fund balances at beginning of year | $156,620 | $203,530 | $274,904 |
| Other changes in net assets or fund balances | $15,159 | $7,909 | $10,615 |
| Net assets or fund balances at end of year | $274,904 | $331,723 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $221,466 | $299,054 | $334,534 |
| Total liabilities | $17,936 | $24,150 | $2,811 |
| Net assets or fund balances | $203,530 | $274,904 | $331,723 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public support | $631,652 |
| Subtotal | $631,652 |
| Gifts, grants, contributions, and membership fees received | $0 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $631,652 |
| Gross receipts from activities that are not an unrelated trade or business under section 513 | $0 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Less | $0 |
| Amounts received from disqualified persons | $0 |
| Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support | $0 |
| Total support | $631,652 |
| Public support | $631,652 |
| Subtotal | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Springhouse Inc | 44 Allandale Street, Jamaica Plain, MA 02130-3449 | MA | 1994-10 | $10,519,606 |
| 2 | Tenants Development Corporation | 400 Massachusetts Ave, Boston, MA 02115-4935 | MA | 1972-09 | $2,150,771 |
| 3 | Twin Cities Community Development Corporation | 470 Main Street, Fitchburg, MA 01420-8173 | MA | 1982-01 | $1,589,159 |
| 4 | West Fenway Elderly Housing Corp | 73 Hemenway Street, Boston, MA 02115-2941 | MA | 1994-03 | $978,622 |
| 5 | South Boston Community Housing Inc | 365 W Broadway, S Boston, MA 02127-1936 | MA | 1989-10 | $809,198 |
| 6 | Stop It Now Inc, Dba Child Sex Abuse Prevention | 351 Pleasant Str Suite B 319, Northampton, MA 01060-3900 | MA | 1992-08 | $764,925 |
| 7 | Southampton Housing For The Elderly Inc | C/O Hap Inc 322 Main Street, Springfield, MA 01105 | MA | 1985-08 | $629,896 |
| 8 | Rural Development Inc | 80 Canal St, Turners Falls, MA 01376-1106 | MA | 1992-04 | $608,447 |
| 9 | Sonoma Maple & Schuyler Tenants Association Inc | 1 Maple Ct Ste A, Dorchester, MA 02121-3000 | MA | 1996-11 | $224,916 |
| 10 | Turner House Living Center For Veterans Inc | PO BOX 71, Williamstown, MA 01267-0071 | MA | 1994-03 | $178,884 |
| 11 | Taino Tower Development Corporation | 405 Shawmut Ave, Boston, MA 02118-2029 | MA | 1990-06 | $130,766 |
| 12 | Stow Elderly Housing Corp | 22 Johnston Way, Stow, MA 01775-2102 | MA | 1981-07 | $33,000 |
| 13 | National Affordable Housing Foundation Haverhill Inc | 151 Tremont Street, Boston, MA 02111-1125 | MA | 1996-12 | $1 |
| 14 | Affordable Residential Financing Inc | 264 Griffin Street, Fall River, MA 02724 | MA | 1992-05 | $0 |
| 15 | Building Our Swords Into Plowshares | 32 Lillian St, Greenfield, MA 01301-1144 | MA | 1995-12 | $0 |
| 16 | Fund For Affordable Housing Inc | 17 Mahaiwe St Ste 2, Gt Barrington, MA 01230-1973 | MA | 1991-09 | $0 |
| 17 | Gilead Inc | 127 How St, Haverhill, MA 01830-5615 | MA | 1992-04 | $0 |
| 18 | Nashoba Valley Housing Corp | 18 Pond St, Ayer, MA 01432-1656 | MA | 1996-06 | $0 |
| 19 | North Canal Tenant Council Inc | 450 Merrimack St, Lowell, MA 01854-3907 | MA | 1995-10 | $0 |
| 20 | Prospect Estates Inc | 10 Golden Hts, Webster, MA 01570-1651 | MA | 1996-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,995 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| All affiliated organizations | |||||
| Affiliation | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| Central | Hearth Inc | 1640 Washington St, Boston, MA 02118-3380 | MA | 1994-05 | $3,940,768 |
| Subordinate | Hearth Inc, Hearth Management Inc | 1640 Washington Street, Boston, MA 02118-3380 | MA | 1994-05 | $133,550 |
| Subordinate | Hearth Inc, Hearth Beacon Inc | 1640 Washington Street, Boston, MA 02118-3380 | MA | 1994-05 | $110,438 |
| Subordinate | Hearth Inc, 4 Bishop Street Inc | 1640 Washington Street, Boston, MA 02118-3380 | MA | 1994-05 | $90,871 |
| Number of affiliated organizations | |||
| |||
| Total | 4 | ||
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