Hearthstone Community Foundation I… - Form 990 Financial Data

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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

1997

Legal Domicile

Phone

5624355535

Tax Period

2017-07-01 to 2018-06-30

Hearthstone Community Foundation Inc, founded in 1997, is a micro nonprofit that reported $96K in total revenue in fiscal year 2017. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $612K exceeded revenue, resulting in a 535% operating deficit.

Mission

Dedicated to improving our underprivileged neighborhoods, making the community a better place to live through providing low income housing to families with limited or restricted income.

Program Service Accomplishments

Program 1

Expenses: $584,275 Revenue: $96,404

Dedicated to improving our underprivileged neighborhoods, making the community a better place to live by helping families with limited or restricted income find affordable housing. The entity...

Dedicated to improving our underprivileged neighborhoods, making the community a better place to live by helping families with limited or restricted income find affordable housing. The entity currently rents out units in 3 buildings to low income families and rehabilitates residential properties allowing us to provide clean, safe, and affordable housing.The service provided also includes partnering with a variety of agencies, social workers, and grant providers to house people with special needs. Some of these include the disabled resource center, HOPWA, social service programs through local women's agencies, rehabilitation and recovery centers. The organization has played an integral part in cleaning up our neighborhoods and has helped reduce criminal activity by participating in the Long Beach Police Department's "Safe Street,"Apartment Watch," and other crime, gang, and drug abatement programs.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $96,404

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,404

Expense Breakdown

Grants Paid $1,052

Salaries & Benefits $276,124

Fundraising Expenses $0

Program Expenses $584,275

Other Expenses $335,140

TOTAL EXPENSES $612,316

Year-over-Year Comparison

	2017	2016	Change
Revenue	$96,404	$66,721	+0.4%
Expenses	$612,316	$654,529	-0.1%
Net Income	$-515,912	$-587,808	-0.1%

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

N/A

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

$78,000

Total Directors