Hearthstone Non-Profit Corporation
- Assets
- $81.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Flint, MI
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 38-2957265
Organization Overview
Hearthstone Non-Profit Corporation is located in Flint, MI. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hearthstone Non-Profit Corporation 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, Hearthstone Non-Profit Corporation generated $71.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $84.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE ASSISTANCE TO DEVELOPMENTALLY DISABLED ADULTS IN A SUPPORTED INDEPENDENT LIVING PROGRAM IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Sabedra Pres | 10 | $0 | |
James Woolcock Treasurer | 10 | $0 | |
James Woolcock Secretary | 10 | $0 | |
Nancy Schwartz Member | 10 | $0 | |
Roslyn Weedman Director | 10 | $0 | |
Leisa Oliver Executive Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,450 |
| Total Program Service Revenue | $45,760 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,215 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,546 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $2,386 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,257 |
| Total expenses | $83,989 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $59,435 |
| Other assets | $0 |
| Total assets | $81,253 |
| Total liabilities | $15,727 |
| Net assets or fund balances | $65,526 |