Overview
What is Open Hearth Inc?
Open Hearth Inc, a nonprofit organization based in Spring City, Pennsylvania, serves Chester County and parts of Montgomery County. Their mission is to aid individuals in breaking the cycle of homelessness and attaining financial self-sufficiency. They offer a variety of innovative programs, including the Family Savings Partner Program, which assists eligible individuals in building assets through matched savings for home purchases, education, or car purchases. They conduct educational workshops on financial topics and have helped 46 households achieve their long-term goals, with a total savings of $482,374 and $13.6 million in asset purchases since 2001. Additionally, Open Hearth Inc offers budget counseling, credit repair, debt counseling, and social service support through the Financial Insight and Resource Management program. Their Financial Navigator serves as a point of entry for the PA CareerLink and the United Way of Chester County Financial Stability Center, assisting individuals in achieving income growth, debt reduction, and asset accumulation. With 12 employees, Open Hearth Inc is committed to supporting and empowering their community.
Official website here: www.openhearthinc.org
Is Open Hearth Inc legitimate?
Open Hearth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Open Hearth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $102,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $632,279
For more financial information, click here
Official website here: www.openhearthinc.org
What is the mission statement of Open Hearth Inc?
Open Hearth Inc, as a leading organization in resource coordination and community building, is committed to supporting and empowering individuals to break the cycle of homelessness and achieve financial stability. They provide innovative programs that help people secure affordable housing, transportation, and workforce opportunities, ultimately enabling them to become financially self-sufficient. Through initiatives like the Family Savings Partner Program and Financial Insight and Resource Management, Open Hearth Inc offers educational workshops, budget counseling, credit repair, and debt counseling, assisting individuals in building assets and improving their financial situations. The organization's impact includes helping numerous households attain their long-term goals and providing resources to increase income, decrease debt, and boost assets.
Official website here: www.openhearthinc.org
Who is the CEO of Open Hearth Inc?
Edwin Santiago is the Principal Officer of Open Hearth Inc.
Official website here: www.openhearthinc.org
What is the revenue of Open Hearth Inc?
Who are the executives of Open Hearth Inc and what are their salaries?
Where can I find the form 990 for Open Hearth Inc?
The Open Hearth Inc’s most recent form 990 was submitted in 2021 and can be accessed here
Official website here: www.openhearthinc.org
Learn more at the official website: www.openhearthinc.org
Mission Statement of Open Hearth Inc
Open Hearth, Inc., as a pioneering nonprofit organization, is dedicated to breaking the cycle of homelessness and fostering financial self-sufficiency. By combining its own direct services and an extensive network of collaborators, Open Hearth empowers individuals to secure affordable housing, reliable transportation, and sustainable employment opportunities. The organization's mission goes beyond mere assistance; it strives to instill a sense of independence and self-reliance in those it serves.
One of Open Hearth's innovative programs is the Family Savings Partner Program. This initiative assists eligible individuals by offering matched savings, which can be utilized for significant life milestones such as purchasing a home or a vehicle, or furthering one's education. The program organizes educational workshops across Chester County, covering topics like budgeting, credit management, and home buying. Through this program and its asset-building initiatives, Open Hearth has assisted numerous households in achieving their long-term goals, with a total of 6 households successfully realizing their aspirations.
Beyond the Family Savings Partner Program, Open Hearth offers the Financial Insight and Resource Management program. This initiative provides budget counseling, credit repair, debt management, and social service support to 177 households annually. Open Hearth's Financial Navigator serves as a gateway to resources, conducting initial intakes and financial assessments for individuals seeking services at the PA CareerLink and United Way of Chester County Financial Stability Center. The Financial Navigator's role is to coordinate resources and support clients in their efforts to increase income, decrease debt, and accumulate assets.
Impact
This information is meant to be a general summary of Open Hearth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Open Hearth Inc has a significant impact on the community by providing innovative programs to support and empower people to end the cycle of homelessness and achieve financial stability. Through initiatives such as the Family Savings Partner Program and the Financial Insight and Resource Management program, the organization has helped individuals build assets, improve financial literacy, and attain long-term financial goals. Additionally, Open Hearth Inc serves as a crucial resource coordinator, connecting individuals to services that promote financial stability and increase income. By assisting households with budget counseling, credit repair, and debt counseling, the organization plays a key role in helping individuals achieve self-sufficiency and overcome financial obstacles.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Organization Details
Founding Year
1991
Phone
(610) 792-9282
Principal Officer
Edwin Santiago
Main Address
101 N Main Street No A-1, Spring City, PA, 19475
Website
www.openhearthinc.org
NTEE Category
Code: P73Z - Human services
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