Open Hearth Inc

Organization Overview

Open Hearth Inc is located in Spring City, PA. The organization was established in 1991. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 09/2021, Open Hearth Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Hearth Inc 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 09/2021, Open Hearth Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $4.5m during the year ending 09/2021. While expenses have increased by 36.2% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OPEN HEARTH, INC., A PRIVATE NONPROFIT ORGANIZATION SERVING CHESTER COUNTY AND PORTIONS OF MONTGOMERY COUNTY, PROVIDES INNOVATIVE PROGRAMS TO HELP PEOPLE END THE CYCLE OF HOMELESSNESS AND ACHIEVE FINANCIAL SELF-SUFFICIENCY. THROUGH ITS OWN DIRECT PROVISION OF SERVICES, AS WELL AS AN ESTABLISHED NETWORK OF OTHER NONPROFITS, THE ORGANIZATION SUPPORTS AND EMPOWERS PEOPLE AS THEY ACQUIRE AFFORDABLE HOUSING, A MEANS OF TRANSPORTATION, AND FINANCIAL VIABILITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FAMILY SAVINGS PARTNER PROGRAM ASSISTS ELIGIBLE INDIVIDUALS IN BUILDING ASSETS BY PROVIDING MATCHED SAVINGS FOR PROGRAM GRADUATES TO BE USED FOR HOME PURCHASE, EDUCATION, OR CAR PURCHASE. THE PROGRAM PROVIDES EDUCATIONAL WORKSHOPS THROUGHOUT CHESTER COUNTY ON TOPICS INCLUDING BUDGETING, CREDIT, HOME PURCHASE, FINANCING COLLEGE, AND CAR BUYING. 229 PEOPLE ATTENDED 20 FREE PERSONAL FINANCIAL EDUCATION WORKSHOPS. THROUGH THE FSP PROGRAM OF ASSET BUILDING AND MATCHED SAVINGS, THE ORGANIZATION HELPED 46 HOUSEHOLDS, WITH 6 ATTAINING THEIR LONG-TERM GOALS. SINCE 2001, 207 GRADUATES HAVE SAVED A TOTAL OF $482,374 AND PURCHASED $13.6 MILLION IN ASSETS. THROUGH THE FINANCIAL INSIGHT AND RESOURCE MANAGEMENT PROGRAM, THE ORGANIZATION ASSISTED 177 HOUSEHOLDS WITH BUDGET COUNSELING, CREDIT REPAIR, DEBT COUNSELING, AND SOCIAL SERVICE SUPPORT. OUR FINANCIAL NAVIGATOR SERVES AS A POINT OF ENTRY FOR THE PA CAREERLINK AND THE UNITED WAY OF CHESTER COUNTY FINANCIAL STABILITY CENTER LOCATED IN EXTON, PA. THE FINANCIAL NAVIGATOR'S ROLE IS TO COMPLETE AN INITIAL INTAKE AND FINANCIAL ASSESSMENT FOR INDIVIDUALS INTERESTED IN ACCESSING SERVICES LOCATED WITHIN THE FINANCIAL STABILITY CENTER AND TO PROVIDE FINANCIAL STABILITY DIRECT SERVICES. SHE ALSO ACTS AS A RESOURCE COORDINATOR IN ORDER TO PROMOTE AND ACHIEVE A CLIENT'S GOAL(S) OF INCREASING INCOME, DECREASING DEBT, AND INCREASING ASSETS. A TOTAL OF 242 BRIEF AND FULL-SERVICE CLIENTS WERE SERVED THIS FISCAL YEAR.


OPEN HEARTH MANAGED PERMANENT HOUSING SUBSIDIES FOR 93 INDIVIDUALS AND FAMILIES WHO EXPERIENCED HOMELESSNESS AND HAVE A DOCUMENTED DISABILITY VIA THE CONTINUUM OF CARE PERMANENT SUPPORTIVE HOUSING PROGRAM (COC). OPEN HEARTH, INC. PROVIDED HOUSING STARTUP COSTS, EMERGENCY FINANCIAL ASSISTANCE TO PREVENT EVICTION OR UTILITY SHUT-OFF, AND HOTEL RESPITE FOR INDIVIDUALS EXPERIENCING HOMELESSNESS WHO MET THE CRITERIA OF SERIOUS AND PERSISTENT MENTAL ILLNESS THROUGH OUR HOUSING CONTINGENCY FUNDS (HCF). A TOTAL OF 70 HOUSEHOLDS RECEIVED HCF ASSISTANCE. DUE TO THE RECEIPT OF A MULTI-MILLION-DOLLAR US DEPARTMENT OF THE TREASURY, CORONAVIRUS RELIEF FUND, EMERGENCY RENTAL ASSISTANCE PROGRAM (ERAP) CONTRACT IN THE SPRING OF 2021, THE ORGANIZATION PUT ITS ALREADY EXISTING HOMELESSNESS PREVENTION PROGRAM, GAP, ON HIATUS. ERAP PROVIDES RENT AND UTILITY ASSISTANCE TO HOUSEHOLDS ADVERSELY AFFECTED BY COVID. INSTEAD OF SERVING AN EXPECTED 20 HOUSEHOLDS THROUGH GAP, WE HAVE BEEN ABLE TO SERVE 440 HOUSEHOLDS AND DISBURSE OVER $3,267,306 MILLION THROUGH THE END OF SEPTEMBER 2021. WITH THE UNDERSTANDING THAT ADDITIONAL COVID FUNDS WILL BE AVAILABLE.TARGETED HOMELESSNESS RESOURCE COORDINATOR (THRC) AN EFFORT TO END HOMELESSNESS IN CHESTER COUNTY. ACCORDING TO THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, THE BEST PRACTICE FOR ENDING HOMELESSNESS FOR ANY TARGETED POPULATION IS THROUGH THE CREATION AND MANAGEMENT OF A BY-NAME LIST. THE THRC IS RESPONSIBLE FOR MAINTAINING THIS LIST FOR CHESTER COUNTY AND OVERSEEING A COMMUNITY-WIDE EFFORT AMONG ALL HOUSING PROVIDERS TO PRIORITIZE THOSE ON THIS LIST FOR PERMANENT HOUSING OPPORTUNITIES.


OPEN HEARTH, INC.'S MISSION INCLUDES THE ORGANIZATION'S ONGOING EFFORTS TO STRENGTHEN THE FABRIC OF THE COMMUNITY AS IT BUILDS THE CAPACITY OF THE COMMUNITY TO MEET THE NEEDS OF THOSE THAT IT SERVES. THE ORGANIZATION HAS TAKEN A LEADERSHIP POSITION IN THE COMMUNITY ON THE ISSUES OF AFFORDABLE HOUSING, FINANCIAL STABILITY, AND IMPROVED QUALITY OF LIFE FOR ALL. OUR CEO SERVES ON THE COMMUNITY COALITION BOARD AND WAS APPOINTED TO CHAIR THE GOVERNANCE BOARD OF THE CHESTER COUNTY PARTNERSHIP TO END HOMELESSNESS (FORMERLY KNOWN AS DECADE TO DOORWAYS (D2D), CHESTER COUNTY'S 10-YEAR PLAN TO PREVENT AND END HOMELESSNESS. SEVERAL OTHER STAFF SERVE ON OTHER COMMUNITY INITIATIVES LIKE THE CHESTER COUNTY AND PHOENIXVILLE ACE'S COALITION AND THE RIDE FOR HEALTH INITIATIVE. THE ORGANIZATION HAS CREATED AND PUBLISHED SIX EDITIONS OF THE HELP BOOKA HEALTH AND HUMAN SERVICES GUIDE, A POPULAR RESOURCE FOR AGENCIES, ORGANIZATIONS, AND COMMUNITY MEMBERS TO CONNECT THEIR NEEDS TO AREA SERVICES. OPEN HEARTH, INC. ALSO CREATED AND ADMINISTERS THE PHOENIXVILLE AREA RESOURCE NETWORK (PARN), A MONTHLY DROP-IN MEETING ATTENDED BY OVER 100 LOCAL SOCIAL SERVICE AGENCIES.


OPEN HEARTH, INC. ASSISTS PERSONS WHO NEED TRANSPORTATION. THROUGH THE FAMILY SAVINGS PARTNER (FSP) PROGRAM, 14 PEOPLE STARTED SAVING TOWARD THE GOAL OF PURCHASING A VEHICLE AND TWO COMPLETED THAT GOAL THIS FISCAL YEAR.ON JULY 1, 2020, OPEN HEARTH WAS NAMED THE ONE-STOP OPERATOR (OSO) FOR PA CAREERLINK CHESTER COUNTY. THE OSO PLAYS A PIVOTAL ROLE IN ENSURING THAT THE PA CAREERLINK ESTABLISHES AND MAINTAINS A HIGH-PERFORMING, CUSTOMER-FOCUSED, AND RESULTS-ORIENTED WORKFORCE SYSTEM. HIGH PERFORMANCE IS ACHIEVED THROUGH A COORDINATED ENVIRONMENT THAT SEEKS AND USES CUSTOMER FEEDBACK, BUILDS COOPERATIVE PARTNER RELATIONSHIPS, OFFERS A DIVERSE MENU OF SERVICES, ESTABLISHES AN EFFECTIVE CUSTOMER FLOW, AND UNDERSTANDS THE IMPORTANCE OF REGULAR AND OPEN COMMUNICATION.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Kelly Raggazino
Executive Director
$102,500
Edwin N Santiago
President
$0
Mariann Horan
Vice President
$0
David Shellenberger
Treasurer
$0
Gina Rendina
Secretary
$0
Melissa Scott
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$105,823
Membership dues$0
Fundraising events$0
Related organizations$40,061
Government grants $3,871,272
All other contributions, gifts, grants, and similar amounts not included above$1,283,706
Noncash contributions included in lines 1a–1f $550,000
Total Revenue from Contributions, Gifts, Grants & Similar$5,300,862
Total Program Service Revenue$0
Investment income $7,261
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,308,123

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Open Hearth Inc has recieved totaling $356,791.

Awarding OrganizationAmount
United Way Of Chester County

Exton, PA

PURPOSE: PROGRAM ASSISTANCE

$104,000
Community Coalition

Phoenixville, PA

PURPOSE: PROGRAM SUPPORT

$80,122
Philadelphia Foundation

Philadelphia, PA

PURPOSE: HURRICANE IDA RELIEF

$75,000
Genuardi Family Foundation

Blue Bell, PA

PURPOSE: OPERATIONAL SUPPORT

$45,000
$27,000
Robert L & Agnes Cook Bard Tr

Pittsburgh, PA

PURPOSE: GENERAL OPERATING

$10,000
View Grant Recipient Profile

Peer Organizations

Create an account to unlock the data you need.

or