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Nonprofiteer
← LUCYS HEARTH

Form 990 for tax year 2023

Filed by LUCYS HEARTH.

Totals

Total revenue
$1,420,554
Total expenses
$1,486,272
Contributions and grants received
$1,367,855
Grants paid
$0
Program service revenue
$17,818
Investment income
$48,039
Other revenue
-$13,158
Total assets, end of year
$5,208,338
Total liabilities, end of year
$1,200,112
Net assets or fund balances, end of year
$4,008,226
Program services expenses (Part IX)
$1,177,170
Management and general expenses
$309,102
Fundraising expenses
$0
Program service expenses (Part III)
$1,177,170

Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $121,393

  • 1e · Government grants (contributions)

    $568,308

  • 1f · All other contributions, gifts and grants

    $678,154

  • 1g · Noncash contributions included above

    $7,697

  • 2a · Program service revenue: RENTAL INCOME

    total $17,818 · related or exempt $17,818

  • 3 · Investment income

    total $49,514 · excluded $49,514

  • 7a · Gross sales of assets other than inventory

    securities $85,469

  • 7b · Less cost or other basis and sales expenses

    securities $86,944

  • 7c · Gain or loss

    securities -$1,475

  • 7d · Net gain or loss

    total -$1,475 · excluded -$1,475

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $121,393

  • 8b · Fundraising events: direct expenses

    $13,158

  • 8c · Net income from fundraising events

    total -$13,158 · excluded -$13,158

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $302,758 · management and general $302,758

  • 11b · Fees: legal

    total $216 · program services $216

  • 11c · Fees: accounting

    total $23,903 · program services $23,903

  • 11f · Fees: investment management

    total $6,344 · management and general $6,344

  • 11g · Fees: other

    total $690,246 · program services $690,246

  • 13 · Office expenses

    total $11,079 · program services $11,079

  • 14 · Information technology

    total $28,047 · program services $28,047

  • 16 · Occupancy

    total $199,545 · program services $199,545

  • 17 · Travel

    total $5,137 · program services $5,137

  • 22 · Depreciation, depletion and amortization

    total $107,644 · program services $107,644

  • 23 · Insurance

    total $9,749 · program services $9,749

  • 24a · Other expenses: PROGRAM COSTS

    total $44,222 · program services $44,222

  • 24b · Other expenses: SUPPLIES

    total $22,836 · program services $22,836

  • 24c · Other expenses: MISCELLANEOUS

    total $22,538 · program services $22,538

  • 24d · Other expenses: FUNDRAISING

    total $6,469 · program services $6,469

  • 24e · All other expenses

    total $5,539 · program services $5,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $392,677 · end of year $458,325

  • 2 · Savings and temporary cash investments

    beginning of year $655,748 · end of year $674,068

  • 4 · Accounts receivable

    beginning of year $155,960 · end of year $90,919

  • 9 · Prepaid expenses and deferred charges

    beginning of year $759 · end of year $8,311

  • 10a · Land, buildings and equipment: cost or other basis

    $3,704,692

  • 10b · Land, buildings and equipment: accumulated depreciation

    $547,270

  • 10c · Land, buildings and equipment, net

    beginning of year $3,129,596 · end of year $3,157,422

  • 11 · Investments: publicly traded securities

    beginning of year $703,368 · end of year $819,293

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,728 · end of year $52,820

  • 19 · Deferred revenue

    beginning of year $25,343 · end of year $38,063

  • 23 · Secured mortgages and notes payable

    beginning of year $1,000,000 · end of year $1,000,000

  • 25 · Other liabilities

    beginning of year $6,123 · end of year $109,229

  • 27 · Net assets without donor restrictions

    beginning of year $3,432,150 · end of year $3,566,480

  • 28 · Net assets with donor restrictions

    beginning of year $543,764 · end of year $441,746

Mission and programs · 2023

Mission

THE MISSION OF LUCY'S HEARTH IS TO PROVIDE COMPREHENSIVE PROGRAMS AND SERVICES TO HOMELESS FAMILIES IN A SAFE, SUPPORTIVE ENVIRONMENT THAT PROMOTES FAMILY HEALTH AND STABILITY AND INCREASES SELF-SUFFICIENCY IN ORDER TO ACHIEVE PERMANENT AFFORDABLE HOUSING.

Activities or mission (Part I)

TO ENSURE THAT ALL FAMILIES HAVE A PLACE TO CALL HOME

  • LUCY'S HEARTH HAS ONE MAIN PROGRAM WITH TWO SERVICES:IAP-INTAKE AND ASSESSMENT PROGRAM, PROVIDING EMERGENCY APARTMENT STYLE SHELTER FOR 6 FAMILIES. FAMILIES CAN RESIDE IN THE IAP PROGRAM FOR UP TO 90 DAYS.TAP- TRANSITIONAL APARTMENT PROGRAM. PROVIDES BRIDGE HOUSING ( TEMPORARY HOUSING UNTIL PERMANENT HOUSING IS SECURED) FOR 9 FAMILIES IN 7 EFFICIENCY AND 2 ONE BEDROOM UNITS. FAMILIES CAN REMAIN IN BRIDGE HOUSING FOR UP TO 24 MONTHS.PSH - PERMANENT SUPPORTIVE HOUSING FOR TWO CHRONICALLY HOMELESSFAMILIES IN OFF-SITE APARTMENTS. FOUR FAMILIES SERVED TOTALMAJOR ACCOMPLISHMENTS:IAP - WE SERVED 27 FAMILIES INCLUDING 43 CHILDREN IN THE IAP PROGRAM. AVERAGE LENGTH OF STAY FOR CLIENTS EXISTING WAS 279 DAYS. 63% (17 OF 27 PARTICIPANTS) EXITED TO PERMANENT OR TRANSITIONAL HOUSING. TAP - WE SERVED 21 FAMILIES INCLUDING 37 CHILDREN IN THE TAP PROGRAM. AVERAGE LENGTH OF STAY FOR CLIENTS EXITING WAS 1 YEAR. 67% (14 OF 21 PARTICIPANTS) EXITED TO PERMANENT OR TRANSITIONAL HOUSING.

    Expenses $1,177,170 · Revenue $17,818

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Farrell Margaret

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Farmer III Malcolm

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Cafferty Lisa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Browne Gbatoh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • O'Malley Matthew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gorman Mark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Holland McDuff Margaret

    CEO

    Total calculated
    $441,020
    From this org
    $0
    From related orgs
    $410,377
    Other
    $30,643
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $410,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,607 related
    Nontaxable benefits
    $0 + $25,036 related
    Filer's total
    $0 + $441,020 related

  • Waddington Robert

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY RELATED PARTY FAMILY SERVICE OF RHODE ISLAND, INC. (FSRI). THE FSRI CEO'S COMPENSATION IS REVIEWED BY A COMMITTEE DESIGNATED BY THE FSRI BOARD. COMPENSATION FOR THE FSRI EXECUTIVE TEAM IS REVIEWED AND APPROVED BY THE FSRI CEO.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202501219349301300

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