The Open Hearth Association
- Assets
- $4.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 39
- Location
- Hartford, CT
- Founding
- 04/1935
- Data as of
- 12/2023
- EIN
- 06-0646773
Organization Overview
The Open Hearth Association is located in Hartford, CT. The organization was established in 1935. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Open Hearth Association employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hearth Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Open Hearth Association generated $2.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $3.0m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FOOD, SHELTER AND TRANSITIONAL LIVING PROGRAMS TO HOMELESS AND UNEMPLOYED MEN AND GIVE THEM REHABILITION AND VOCATIONAL GUIDANCE TO RE-ESTABLISH THEMSELVES IN THE WORKFORCE AND COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CT-DOC-WORK READINESS PROGRAM: THIS IS A 42 BED RESIDENTIAL RECOVERY/WORK READINESS PROGRAM. MEN ARE "PLACED" INTO THIS PROGRAM FOR WORK READINESS TRAINING AS THEY TRANSITION OUT OF "INCARCERATION AND BACK INTO FULL PARTICIPATION IN THE COMMUNITY.CT-DSS-TRANSITIONAL LIVING PROGRAM: THIS IS A 43 BED RESIDENTIAL RECOVERY/WORK SKILLS TRAINING PROGRAM DESIGNED TO PROVIDE MEN, OVER A TWO-YEAR PERIOD, WITH A FULL RANGE OF SUPPORT SYSTEMS WHICH (ALONG WITH PERSONAL COMMITMENT AND FOCUS) MAKE "RECOVERY AND "WORK" POSSIBLE.
THE EMERGENCY SHELTER PROGRAM IS A 25 BED FACILITY THAT PROVIDES FOOD AND SHELTER TO HOMELESS MEN FOR UP TO 14 DAYS. THE SERVICES ARE OFFERED FROM 3:30PM TO 7:00AM DAILY. SERVICES PROVIDED INCLUDE DINNER, BED, SHOWER, BREAKFAST AND CLINICAL CASE MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin F Rhodes III Board Member | Trustee | 0.5 | $0 |
Don Chapman Board Member | Trustee | 0.5 | $0 |
Frank Szilagyi Board Member | Trustee | 0.5 | $0 |
Gregory Bernard Chair | OfficerTrustee | 0.5 | $0 |
Jaquan Samuels Board Member | Trustee | 0.5 | $0 |
Kate Boucher Vice-Chair | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,698 |
| Related organizations | $0 |
| Government grants | $1,831,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $481,849 |
| Noncash contributions included in lines 1a–1f | $361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,386,746 |
| Total Program Service Revenue | $119,634 |
| Investment income | $86,358 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,679 |
| Net Income from Fundraising Events | -$9,391 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,625,026 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $259,214 |
| Compensation of current officers, directors, key employees. | $21,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,252,171 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,666 |
| Payroll taxes | $118,500 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,422 |
| Fees for services: Other | $69,627 |
| Advertising and promotion | $0 |
| Office expenses | $148,092 |
| Information technology | $44,449 |
| Royalties | $0 |
| Occupancy | $165,300 |
| Travel | $22,451 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,754 |
| Interest | $309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $204,909 |
| Insurance | $134,742 |
| All other expenses | $813 |
| Total functional expenses | $3,031,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $140,646 |
| Savings and temporary cash investments | $66,742 |
| Pledges and grants receivable | $85,022 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,687 |
| Net Land, buildings, and equipment | $1,663,128 |
| Investments—publicly traded securities | $2,398,085 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,612 |
| Total assets | $4,483,922 |
| Accounts payable and accrued expenses | $231,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $89,584 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $315,000 |
| Other liabilities | $0 |
| Total liabilities | $636,475 |
| Net assets without donor restrictions | $3,537,717 |
| Net assets with donor restrictions | $309,730 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,483,922 |