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Nonprofiteer
← HEARTHSTONE HOUSING LTD

Form 990 for tax year 2025

Filed by HEARTHSTONE HOUSING LTD.

Totals

Total revenue
$185,520
Total expenses
$215,543
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$185,226
Investment income
$294
Other revenue
$0
Total assets, end of year
$424,523
Total liabilities, end of year
$26,708
Net assets or fund balances, end of year
$397,815
Program services expenses (Part IX)
$170,912
Management and general expenses
$44,631
Fundraising expenses
$0
Program service expenses (Part III)
$170,912

Program services were 79.3% 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.

  • 2a · Program service revenue: RENT REVENUE

    total $181,294 · related or exempt $181,294

  • 2b · Program service revenue: MISCELLANEOUS REVENUE

    total $3,932 · related or exempt $3,932

  • 3 · Investment income

    total $294 · excluded $294

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $46,442 · program services $46,442

  • 9 · Other employee benefits

    total $3,944 · program services $3,944

  • 10 · Payroll taxes

    total $3,778 · program services $3,778

  • 11a · Fees: management

    total $21,587 · management and general $21,587

  • 11c · Fees: accounting

    total $11,240 · management and general $11,240

  • 12 · Advertising and promotion

    total $403 · program services $403

  • 13 · Office expenses

    total $229 · program services $229

  • 14 · Information technology

    total $2,974 · management and general $2,974

  • 16 · Occupancy

    total $36,880 · program services $36,880

  • 17 · Travel

    total $3,435 · management and general $3,435

  • 22 · Depreciation, depletion and amortization

    total $30,884 · program services $30,884

  • 23 · Insurance

    total $9,752 · program services $9,752

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $38,600 · program services $38,600

  • 24b · Other expenses: MISCELLANEOUS ADMINISTR

    total $5,395 · management and general $5,395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,609 · end of year $4,918

  • 4 · Accounts receivable

    beginning of year $1,621 · end of year $1,552

  • 9 · Prepaid expenses and deferred charges

    beginning of year $680 · end of year $742

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

    $1,231,871

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

    $861,556

  • 10c · Land, buildings and equipment, net

    beginning of year $393,472 · end of year $370,315

  • 15 · Other assets

    beginning of year $49,022 · end of year $46,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,485 · end of year $11,888

  • 19 · Deferred revenue

    beginning of year $348 · end of year $521

  • 25 · Other liabilities

    beginning of year $14,733 · end of year $14,299

  • 27 · Net assets without donor restrictions

    beginning of year -$654,162 · end of year -$684,185

  • 28 · Net assets with donor restrictions

    beginning of year $1,082,000 · end of year $1,082,000

Mission and programs · 2025

Mission

PROVIDE HANDICAPPED HOUSING

Activities or mission (Part I)

HANDICAPPED HOUSING

  • PROVIDE HANDICAPPED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS BY OPERATING A 20-UNIT HOUSING FACILITY.

    Expenses $170,912 · Revenue $185,226

As filed on the 2025 return.

Listed in Part VII

  • BRETT GERBER

    PRESIDENT/CEO

    Total calculated
    $726,375
    From this org
    $0
    From related orgs
    $586,266
    Other
    $140,109
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $372,867 related
    Bonus
    $0 + $185,552 related
    Other
    $0 + $27,847 related
    Deferred
    $0 + $110,350 related
    Nontaxable benefits
    $0 + $29,759 related
    Filer's total
    $0 + $726,375 related

  • TERRA PAWLIUK-MCGIFFIN

    SECRETARY/TREASURER

    Total calculated
    $163,354
    From this org
    $0
    From related orgs
    $124,465
    Other
    $38,889
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,769 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $696 related
    Deferred
    $0 + $4,004 related
    Nontaxable benefits
    $0 + $34,885 related
    Filer's total
    $0 + $163,354 related

  • CAROLINE LOYAS

    DIRECTOR

    Total calculated
    $163,931
    From this org
    $0
    From related orgs
    $133,118
    Other
    $30,813
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $117,492 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $626 related
    Deferred
    $0 + $4,006 related
    Nontaxable benefits
    $0 + $26,807 related
    Filer's total
    $0 + $163,931 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -WRITTEN EMPLOYMENT CONTRACT, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR.
PART II:
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. THE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.

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
2025
IRS schema version
2025v4.2
Source object
202642199349300809

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