HEARTHSTONE HOUSING FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Phone

9495539447

Tax Period

2024-01-01 to 2024-12-31

HEARTHSTONE HOUSING FOUNDATION, founded in 1995, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $571K, a strong 26% operating margin.

Mission

Hearthstone Housing Foundation is dedicated to providing service-enriched affordable housing for families of low income, the elderly and the disabled. Hearthstones charter also includes combating community deterioration to lessen the burdens of government. Our Mission is carried out by:-Partnering with private developers to build quality housing in areas of need-Coordinating property management and supportive services to promote self-sufficiency and independence for residents-Leveraging funds to increase the availability of affordable housing-Advocating on behalf of low income seniors, families and the disabled-Providing support for programs which promote the development of affordable housing-Offering academic scholarships to our residents and surrounding communities.Our Vision:Our vision is for all people to enjoy quality affordable housing regardless of their age or income, and that all persons have access to necessary services in order to maintain a self-sufficient and independent l

Program Service Accomplishments

Program 1

Expenses: $1,009,189 Revenue: $2,194,912

ACQUISITION, DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES.

Program 2

Expenses: $143,378

Helping Hands is a social service program that provides resources to residents that promote positive and healthy lifestyles.

Program 3

Expenses: $108,397

SCHOLARSHIP FUND TO OFFER ACADEMIC SCHOLARSHIPS TO OUR RESIDENTS AND SURROUNDING COMMUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,194,912

Investment Income $27,043

Other Revenue $0

TOTAL REVENUE $2,221,955

Expense Breakdown

Grants Paid $264,775

Salaries & Benefits $971,239

Fundraising Expenses $0

Program Expenses $1,273,964

Other Expenses $414,460

TOTAL EXPENSES $1,650,474

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,221,955	$1,965,005	+0.1%
Expenses	$1,650,474	$1,480,437	+0.1%
Net Income	$571,481	$484,568	+0.2%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$553,160

Total Directors

$573,160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOCORRO VASQUEZ	President	60.00	Officer Director	$448,000	$80,160	$528,160
JUAN MALDONADO	Treasurer & sec	0.25	Officer Director	$15,000	$0	$15,000
VICTOR WU	Vice President	0.25	Officer Director	$10,000	$0	$10,000
MICHAEL HEMMENS	Director	0.25	Director	$10,000	$0	$10,000
TED E BEAN	Director	0.25	Director	$10,000	$0	$10,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,221,955	$1,650,474	$45,598,531	$571,481
2023	$1,965,005	$1,480,437	$47,833,370	$484,568
2022	$2,071,644	$1,430,876	$35,949,184	$640,768
2021	$2,067,096	$1,510,201	$17,283,954	$556,895
2020	$2,634,479	$1,455,992	$18,816,841	$1,178,487
2019	$2,250,570	$1,507,578	$20,301,819	$742,992
2018	$1,751,530	$1,484,535	$15,723,219	$266,995