BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTH INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $6.3M exceeded revenue, resulting in a 38% operating deficit.
HEARTH, INC. (HEARTH) IS A NONPROFIT ORGANIZATION DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN. TO THIS END, THE HOUSING PROVIDES SUPPORTIVE SOCIAL AND HEALTH SERVICES WHICH ASSIST RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, SO THAT ALL CAN ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL.
SUPPORTIVE HOUSING-AS OF FY 2024, HEARTH OPERATES 228 UNITS OF PERMANENT SUPPORTIVE HOUSING AND ASSISTED LIVING RESIDENCES AT 7 GREATER BOSTON LOCATIONS. HEARTH IS COMMITTED TO PLACING ELDERS IN...
SUPPORTIVE HOUSING-AS OF FY 2024, HEARTH OPERATES 228 UNITS OF PERMANENT SUPPORTIVE HOUSING AND ASSISTED LIVING RESIDENCES AT 7 GREATER BOSTON LOCATIONS. HEARTH IS COMMITTED TO PLACING ELDERS IN SERVICED-ENRICHED HOUSING, PROMOTING SELF-SUFFICIENCY BY PROVIDING OR CONNECTING ELDERS WITH SERVICES THEY REQUIRE, INCLUDING, BUT NOT LIMITED TO: MENTAL HEALTH SERVICES, HEALTH SERVICES, AND SOCIAL SERVICES. INDIVIDUAL SERVICE PLANS ARE CREATED TO FIT THE UNIQUE NEEDS OF EACH RESIDENT, ALLOWING EVEN FRAIL ELDERS TO LIVE WITH INDEPENDENCE. HEARTH HAS AN EXTENSIVE HOUSING SERVICE TEAM, WHICH INCLUDES, BUT IS NOT LIMITED TO: NURSES, SOCIAL WORKERS, PROGRAM MANAGERS, PERSONAL CARE HOMEMAKERS, ACTIVITIES COORDINATORS, SUBSTANCE ABUSE SPECIALISTS, AND RESIDENT SERVICE COORDINATORS.
OUTREACH -HEARTH'S OUTREACH PROGRAM PROVIDES A COMPREHENSIVE SET OF SERVICES TO HOMELESS AND AT-RISK ELDERS TO HELP THEM RE-ESTABLISH THEIR LIVES WITHIN PERMANENT AND AFFORDABLE HOUSING IN AND AROUND...
OUTREACH -HEARTH'S OUTREACH PROGRAM PROVIDES A COMPREHENSIVE SET OF SERVICES TO HOMELESS AND AT-RISK ELDERS TO HELP THEM RE-ESTABLISH THEIR LIVES WITHIN PERMANENT AND AFFORDABLE HOUSING IN AND AROUND THE CITY OF BOSTON. THE PROGRAM FOCUSES ON CONNECTION; HOUSING SEARCH AND CASE MANAGEMENT; AND PLACEMENT AND STABILIZATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,565,476 | $5,425,088 | -0.2% |
| Expenses | $6,280,214 | $6,046,087 | +0.0% |
| Net Income | $-1,714,738 | $-620,999 | +1.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RHONDA PIERONI | PRES. & CEO | 38.00 |
Officer
Director
|
$185,161 | $15,150 | $200,311 |
| DOUGLASS POUTASSE | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALVETA HAYNES | VICE-CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAMESH ADVANI | TREASURER (AS OF 4/24) | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARYN SCHEIER | CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GREGORY MANOUSOS | TREASURER (UNTIL 4/24)/ BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| KEVIN MCCALL | PAST CHAIR | 2.00 |
Director
|
$0 | $0 | $0 |
| ALAN ABRAMS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER BOTTOMLEY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| REBECCA TYLER BROWN | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS BYRNE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ELLEN FEINGOLD | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARILYN MILLER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| GREGORY MINOTT | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARY PARKER | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TANIA PHILLIPS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT WADSWORTH | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STACEY ZAWEL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PRANITA AMARASINGHE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MILES BYRNE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DIANE VALLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| AYAZ HAMEED | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER MOLINSKY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MEENA SHARMA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BARBARA MARSHALL | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ANDREW COLE | VP OF FINANCE (AS OF 7/24) | 38.00 |
Officer
|
$78,012 | $1,308 | $79,320 |
| MICHAEL BURMAN | CFO (UNTIL 1/24) | 38.00 |
Officer
|
$27,758 | $879 | $28,637 |
| LINDA VENDOLA | CONTROLLER | 38.00 |
Highest
|
$120,349 | $19,364 | $139,713 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,565,476 | $6,280,214 | $9,601,808 | $-1,714,738 |
| 2023 | $5,425,088 | $6,046,087 | $11,436,732 | $-620,999 |
| 2022 | $3,829,738 | $5,272,765 | $11,403,680 | $-1,443,027 |
| 2021 | $7,949,326 | $8,081,015 | $12,790,165 | $-131,689 |
| 2020 | $5,426,403 | $4,921,512 | $27,593,347 | $504,891 |
| 2019 | $4,598,799 | $4,199,134 | $9,761,319 | $399,665 |
| 2018 | $5,016,266 | $4,044,107 | $8,537,412 | $972,159 |
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