HEARTHSTONE HOUSING FOUNDATION (EIN 330651131) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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.

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Trantor Score

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

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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

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Financial Health Indicators

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

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

HEARTHSTONE HOUSING FOUNDATION