Civic Intelligence

Open Hearth Inc.

990 • Fiscal year 2013 • EIN 23-2652023

Oct 01, 2012 to Sep 30, 2013 • Filed on Feb 01, 2014

101 N Main St19475
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

59th percentile

5.6%

Faster asset growth than 59% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$818,740

Up $43,433 (+5.6%) from 2012

Net Assets

Up

$790,164

Up $80,718 (+11%) from 2012

Liabilities

Down

$28,576

Down $37,285 (-57%) from 2012

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$596,757

Up $143,055 (+32%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $767,237Liabilities 2011: $89,833Net Assets 2011: $677,4042011Assets 2012: $775,307Liabilities 2012: $65,861Net Assets 2012: $709,4462012Assets 2013: $818,740Liabilities 2013: $28,576Net Assets 2013: $790,1642013Assets 2014: $855,909Liabilities 2014: $12,788Net Assets 2014: $843,1212014Assets 2015: $852,439Liabilities 2015: $2,920Net Assets 2015: $849,5192015Assets 2016: $953,887Liabilities 2016: $56,849Net Assets 2016: $897,0382016Assets 2017: $955,523Liabilities 2017: $8,357Net Assets 2017: $947,1662017Assets 2018: $895,884Liabilities 2018: $5,857Net Assets 2018: $890,0272018Assets 2019: $887,464Liabilities 2019: $3,123Net Assets 2019: $884,3412019Assets 2020: $1,051,998Liabilities 2020: $128,143Net Assets 2020: $923,8552020Assets 2021: $3,271,644Liabilities 2021: $1,481,378Net Assets 2021: $1,790,2662021Assets 2023: $3,339,003Liabilities 2023: $294,032Net Assets 2023: $3,044,9712023Assets 2024: $3,160,772Liabilities 2024: $251,127Net Assets 2024: $2,909,6452024

Highlighted filing

2013

Assets$818,740
Liabilities$28,576
Net Assets$790,164

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $494,351Expenses 2011: $462,569Net Income 2011: $31,7822011Revenue 2012: $482,721Expenses 2012: $453,702Net Income 2012: $29,0192012Expenses 2013: $596,7572013Revenue 2014: $743,027Expenses 2014: $691,961Net Income 2014: $51,0662014Revenue 2015: $654,455Expenses 2015: $647,469Net Income 2015: $6,9862015Revenue 2016: $744,443Expenses 2016: $698,627Net Income 2016: $45,8162016Revenue 2017: $1,452,997Expenses 2017: $1,406,373Net Income 2017: $46,6242017Revenue 2018: $1,514,076Expenses 2018: $1,494,265Net Income 2018: $19,8112018Revenue 2019: $1,609,684Expenses 2019: $1,615,572Net Income 2019: -$5,8882019Revenue 2020: $1,965,186Expenses 2020: $1,925,405Net Income 2020: $39,7812020Revenue 2021: $5,308,123Expenses 2021: $4,450,315Net Income 2021: $857,8082021Revenue 2023: $3,138,465Expenses 2023: $3,012,163Net Income 2023: $126,3022023Revenue 2024: $3,003,536Expenses 2024: $3,141,180Net Income 2024: -$137,6442024

Highlighted filing

2013

Revenue-
Expenses$596,757
Net Income-
Jump To
Filing Snapshot
Filing Period
Oct 1, 2012 to Sep 30, 2013
Signed
Feb 1, 2014
Return Version
2012v2.1
Gross Receipts
$674,855
Mission and Program Overview

Mission

Open hearth, a private, non-profit 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, open hearth supports and empowers people as they acquire affordable housing, a means of transportation and financial viability.

Major Activities

Activity 2
Housing program - program for transitional housing that assistshomeless families to secure and maintain permanent housing. Alsoprovides affordable rental housing support, utility payments, and assists homeless chester county individuals who are seeking mental health treatment with short term assistance for hotel, motel, boarding house stays and security deposit loans. Open hearth served 130 households who were homeless and attempting to engage in mental health treatment with short term rental assistance or security deposits through our gateway st program. Open hearth served 9 families in our goal achievement program (gap) or our stable families program of transitional housing, by providing rental subsidies and case management services to households who were homeless or at immediate risk of becoming homeless.
Activity 3
Community building - organization supports specific tasks that build the capacity of society to meet the needs of those that it serves. The organization has taken a leadership position in the community regarding issues that pertain to housing, quality of life, stability, and empowerment. Through their relationship with st. Mary's franciscan family homeless shelter, open hearth provided case management support to families who required long-term shelter stays due to emergency homelessness needs.
Filing and Contact Details

Filer

EIN
23-2652023
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IRS990/Activity2/Description0HOUSING PROGRAM - PROGRAM FOR TRANSITIONAL HOUSING THAT ASSISTSHOMELESS FAMILIES TO SECURE AND MAINTAIN PERMANENT HOUSING. ALSOPROVIDES AFFORDABLE RENTAL HOUSING SUPPORT, UTILITY PAYMENTS, AND ASSISTS HOMELESS CHESTER COUNTY INDIVIDUALS WHO ARE SEEKING MENTAL HEALTH TREATMENT WITH SHORT TERM ASSISTANCE FOR HOTEL, MOTEL, BOARDING HOUSE STAYS AND SECURITY DEPOSIT LOANS. OPEN HEARTH SERVED 130 HOUSEHOLDS WHO WERE HOMELESS AND ATTEMPTING TO ENGAGE IN MENTAL HEALTH TREATMENT WITH SHORT TERM RENTAL ASSISTANCE OR SECURITY DEPOSITS THROUGH OUR GATEWAY ST PROGRAM. OPEN HEARTH SERVED 9 FAMILIES IN OUR GOAL ACHIEVEMENT PROGRAM (GAP) OR OUR STABLE FAMILIES PROGRAM OF TRANSITIONAL HOUSING, BY PROVIDING RENTAL SUBSIDIES AND CASE MANAGEMENT SERVICES TO HOUSEHOLDS WHO WERE HOMELESS OR AT IMMEDIATE RISK OF BECOMING HOMELESS.
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IRS990/Description0FINANCIAL MANAGEMENT PROGRAM - PROGRAM TO ASSIST ELIGIBLE INDIVIDUALS IN BUILDING SAVINGS HABITS FOR INCOME BY PROVIDING A MATCH TO SUCCESSFUL PARTICIPANTS TO BE USED FOR HOME PURCHASE, HOME REPAIR, EDUCATION, BUSINESS, OR CAR PURCHASE. IN ADDITION, PROGRAMS ARE AVAILABLE TO ELIGIBLE INDIVIDUALS AND THOSE WHO ARE UNABLE TO AFFORD FINANCIAL MANAGEMENT AND BUDGET COUNSELING. THE PROGRAM ALSO PROVIDES EDUCATIONAL WORKSHOPS THROUGHOUT CHESTER COUNTY ON FINANCIAL MANAGEMENT, SAVING, RETIREMENT, EDUCATION, GRANTS AND LOANS, HOME PURCHASES AND BUDGETING. THROUGH THEIR FINANCIAL INSIGHT AND RESOURCE MANAGEMENT PROGRAM (FIRM), OPEN HEARTH ASSISTED 215 HOUSEHOLDS WITH BUDGET COUNSELING, CREDIT REPAIR, DEBT COUNSELING AND SOCIAL SERVICE SUPPORT, INCLUDING MANY FAMILIES RECEIVING ACTUAL FINANCIAL SUPPORT FOR EMERGENCY NEEDS. THROUGH THEIR FAMILY SAVINGS PARTNER PROGRAM (FSP) OF ASSET BUILDING AND MATCHED SAVINGS, OPEN HEARTH SERVED OVER 26 HOUSEHOLDS, WITH 15 REACHING THEIR LONG-TERM GOALS OF ASSET BUILDING. OVER 161 PEOPLE ATTENDED OVER 24 FREE WORKSHOPS ON FINANCIAL MATTERS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS, IF ANY AS REQUIRED. USING THAT GUIDANCE, MANAGEMENT HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX YEARS 2009 AND FORWARD REMAIN OPEN FOR EXAMINATION BY THE APPLICABLE TAXING AUTHORITIES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1UNREALIZED GAIN ON ENDOWMENT
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation2PART XI, LINE 8 AND PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN ON BENEFICIAL INTEREST IN ENDOWMENT
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/OtherAssets/BookValue018852
IRS990ScheduleD/OtherAssets/Description0OTHER CURRENT ASSETS
IRS990ScheduleD/OtherRevenues02620
IRS990ScheduleD/OtherSecurities/BookValue024353
IRS990ScheduleD/OtherSecurities/Description0BENEFICIAL INTEREST IN ENDOWMENT
IRS990ScheduleD/OtherSecurities/MethodOfValuation0F
IRS990ScheduleD/RevenueNotRptdF99002620
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal0674855
IRS990ScheduleD/TotalBookValueOtherAssets018852
IRS990ScheduleD/TotalExpensesPerForm9900596757
IRS990ScheduleD/TotalOfBookValueLandBuildings0806
IRS990ScheduleD/TotalOfBookValueSecurities024353
IRS990ScheduleD/TotalRevenuePerForm9900674855
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt0596757
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt0677475
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD OF DIRECTORS REVIEW ALL FINANCIAL STATEMENTS AND TAX RETURNS PRIOR TO SUBMISSION.
IRS990ScheduleO/GeneralExplanation/Explanation1BOARD OF DIRECTORS MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY ANNUALLY.
IRS990ScheduleO/GeneralExplanation/Explanation2A PERSONNEL COMMITTEE IS RESPONSIBLE FOR RECOMMENDING COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE ORGANIZATION, WITH THE EXECUTIVE DIRECTOR RECOMMENDING COMPENSATION LEVELS FOR STAFF.
IRS990ScheduleO/GeneralExplanation/Explanation3OPEN HEARTH MAKES COPIES OF RECORDS AVAILABLE DURING A MUTUAL AGREEABLE APPOINTMENT WITH EITHER THE BOARD PRESIDENT OR EXECUTIVE DIRECTOR.
IRS990ScheduleO/GeneralExplanation/Explanation4UNREALIZED GAIN ON ENDOWMENT 2,620.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XI, LINE 9:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10209 CHURCH STREET
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0PHOENIXVILLE
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0PA
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode019460
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/EIN0232814841
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)(3)
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0PA
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10COMMUNITY COALITION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0FUNDRAISING
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg01
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg00
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg00
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00

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