Hearthstone Housing Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 330651131 ✦ Newport beach, CA ✦ Designated as a 501(c)(3)

Overview

What is Hearthstone Housing Foundation?

Hearthstone Housing Foundation is a nonprofit organization situated in Newport Beach, California. Committed to serving low-income families, the elderly, and individuals with disabilities, the foundation focuses on acquiring, developing, and managing affordable housing properties. Beyond housing, Hearthstone also aims to combat community deterioration, alleviating the burden on government resources. They achieve these objectives through various means, such as partnering with private developers, coordinating property management and supportive services, advocating for affordable housing, and offering academic scholarships. The foundation's ultimate vision is to ensure affordable housing and necessary services for all individuals, regardless of age or income.


Official website here: www.hearthstonehousing.org

Is Hearthstone Housing Foundation legitimate?

Hearthstone Housing Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearthstone Housing Foundation 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: $492,663
Professional Fundraising Fees: $0
Other Salaries and Wages: $262,420

For more financial information, click here


Official website here: www.hearthstonehousing.org

What is the mission statement of Hearthstone Housing Foundation?

Hearthstone Housing Foundation's mission is centered around providing affordable housing for families of low income, the elderly, and the disabled. The organization also works towards combating community deterioration to alleviate the burden on government. They achieve this mission by partnering with private developers to construct housing in necessary areas, managing properties and offering support services to promote self-sufficiency, leveraging funds to increase the availability of affordable housing, advocating for the rights of the underprivileged, supporting programs for affordable housing development, and offering academic scholarships to residents and nearby communities. Their vision is for everyone, regardless of age or income, to enjoy quality affordable housing and have access to necessary services for self-sufficiency.


Official website here: www.hearthstonehousing.org

Who is the CEO of Hearthstone Housing Foundation?

Socorro Vasquez is the President of Hearthstone Housing Foundation.


Official website here: www.hearthstonehousing.org

What is the revenue of Hearthstone Housing Foundation?

Hearthstone Housing Foundation's revenue in 2022 was $2,071,644.


Official website here: www.hearthstonehousing.org

Who are the executives of Hearthstone Housing Foundation and what are their salaries?

The average compensation at Hearthstone Housing Foundation during 2022 was $151,017. There are 5 employees and 8 volunteers at Hearthstone Housing Foundation.

Here are 5 key members and their salaries:

    Socorro Vasquez (President) [Trustee/Director]
  • Compensation: $402,000
  • Related: $0
  • Other: $72,663

    • Victor Wu (Sec & Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0

    • Juan Maldonado (Treasurer & Vp) [Trustee/Director]
  • Compensation: $4,500
  • Related: $0
  • Other: $0

    • Michael Hemmens (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0

    • Ted E Bean (Director)
  • Compensation: $4,500
  • Related: $0
  • Other: $0


  • Official website here: www.hearthstonehousing.org

    Where can I find the form 990 for Hearthstone Housing Foundation?

    The Hearthstone Housing Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hearthstonehousing.org

    Learn more at the official website: www.hearthstonehousing.org

    Mission Statement of Hearthstone Housing Foundation

    Hearthstone Housing Foundation is committed to delivering service-enriched, affordable housing for families of modest income, the elderly, and individuals with disabilities. This mission extends beyond providing housing, as the foundation also aims to combat community deterioration and lessen the burden on government resources. To accomplish this, Hearthstone collaborates with private developers to construct housing in areas in need. The organization also manages these properties and offers supportive services, which help promote self-sufficiency and independence among residents.

    In addition to building and managing properties, Hearthstone Housing Foundation leverages available funds to increase the availability of affordable housing. The organization advocates on behalf of low-income seniors, families, and individuals with disabilities to ensure their housing needs are met. Hearthstone also supports programs that promote the development of affordable housing, offering academic scholarships to both their residents and the surrounding communities. By providing these comprehensive services, Hearthstone Housing Foundation strives to make quality affordable housing a reality for all individuals, regardless of their age or income level.

    Impact

    This information is meant to be a general summary of Hearthstone Housing Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Hearthstone Housing Foundation is dedicated to providing service-enriched affordable housing for families of low income, the elderly, and the disabled. They combat community deterioration to lessen the burdens of government by acquiring, developing, and managing affordable housing properties. Through partnerships with private developers, coordinating property management and supportive services, leveraging funds, advocating for low-income individuals, and providing academic scholarships, Hearthstone Housing Foundation aims to promote self-sufficiency and independence for residents. Their vision is to ensure that all people have access to quality affordable housing and necessary services for self-sufficiency and independence.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $196,251
  • Program Service Revenue: $1,875,393
  • Gross Receipts: $2,071,644

    • Assets and Liabilities:
  • Total Assets: $35,949,184
  • Total Liabilities: $31,098,009
  • Net Assets: $4,851,175
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    APPLICATION INCOME

    Revenue

    $48,000

    OTHER INCOME

    Revenue

    $3,612

    PROJECT INCOME

    Revenue

    $1,693,255

    RENTAL INCOME

    Revenue

    $130,526

    Organization Details

    Founding Year

    1995

    Principal Officer

    Socorro Vasquez

    Main Address

    1401 Dove St Suite 620, Newport Beach, CA, 92660

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Hearthstone Housing Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.