2025-01-15T10:14:01-06:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 043446044 HEARTH BEACON INC HEAR 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 RHONDA PIERONI PRESIDENT & CEO 6173691550 2025-01-14 1 1 DAVID KELLEHER CPA P01059560 5083669100 2025-01-14 2023 2024-10-15 13:58:12Z RHONDA PIERONI 1640 WASHINGTON STREET BOSTON MA 02118 277194 0 3461 X WWW.HEARTH-HOME.ORG X 1993 MA BEACON IS DEDICATED TO THE ELIMINATION AMONG ELDER HOMELESSNESS. THIS MISSION IS ACCOMPLISHED THROUGH A UNIQUE BLEND OF PREVENTION, PLACEMENT, AND HOUSING PROGRAMS ALL DESIGNED TO HELP ELDERS FIND AND SUCCEED IN HOMES OF THEIR OWN. TO THIS END, THE HOUSING PROVIDES A CREATIVE ARRAY OF SUPPORTIVE SERVICES THAT ASSISTS RESIDENTS TO AGE WITH DIGNITY, REGARDLESS OF THEIR SPECIAL MEDICAL, MENTAL HEALTH, OR SOCIAL NEEDS. THESE GOALS ARE BEST ACCOMPLISHED THROUGH RESPECT FOR ELDERS AND STAFF, WITH THE DESIRE TO SEE BOTH ACHIEVE THEIR HIGHEST DEGREE OF POTENTIAL. 21 20 0 20 0 0 0 0 222362 276707 237 487 0 0 222599 277194 0 0 0 0 26132 43111 0 0 0 201879 214045 228011 257156 -5412 20038 989994 1084394 1607754 1682116 -617760 -597722 TO OPERATE NINE UNITS OF HOUSING FOR FORMERLY HOMELESS ELDERS. 0 0 216616 276707 TO OPERATE NINE UNITS OF HOUSING FOR FORMERLY HOMELESS ELDERS. 216616 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ANDREW COLE 6173691550 1640 WASHINGTON STREET BOSTON MA 02118 MARK D HINDERLIE PRESIDENT & CEO (UNTIL 11/2023) 38.00 2.00 X X 0 158790 5451 RHONDA PIERONI CAO/PRES. & CEO (AS OF 11/23) 38.00 2.00 X X 0 131431 10124 DOUGLASS POUTASSE CHAIR 2.00 0.20 X X 0 0 0 ALVETA HAYNES VICE-CHAIR 2.00 0.20 X X 0 0 0 GREGORY MANOUSOS TREASURER 2.00 0.20 X X 0 0 0 KARYN SCHEIER CLERK 2.00 0.20 X X 0 0 0 KEVIN MCCALL PAST CHAIR 2.00 0.20 X 0 0 0 ALAN ABRAMS BOARD MEMBER 2.00 0.20 X 0 0 0 RAMESH ADVANI BOARD MEMBER 2.00 0.20 X 0 0 0 JENNIFER BOTTOMLEY BOARD MEMBER 2.00 0.20 X 0 0 0 REBECCA TYLER BROWN BOARD MEMBER 2.00 0.20 X 0 0 0 THOMAS BYRNE BOARD MEMBER 2.00 0.20 X 0 0 0 ELLEN FEINGOLD BOARD MEMBER 2.00 0.20 X 0 0 0 MARILYN MILLER BOARD MEMBER 2.00 0.20 X 0 0 0 GREGORY MINOTT BOARD MEMBER 2.00 0.20 X 0 0 0 MARY PARKER BOARD MEMBER 2.00 0.20 X 0 0 0 TANIA PHILLIPS BOARD MEMBER 2.00 0.20 X 0 0 0 ROBERT WADSWORTH BOARD MEMBER 2.00 0.20 X 0 0 0 STACEY ZAWEL BOARD MEMBER 2.00 0.20 X 0 0 0 PRANITA AMARASINGHE BOARD MEMBER 2.00 0.20 X 0 0 0 MILES BYRNE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANE VALLE BOARD MEMBER 2.00 0.20 X 0 0 0 DIANA KELLY BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 ROBERT HOULIHAN BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 DONALD WILKINS BOARD MEMBER (UNTIL 3/23) 2.00 0.20 X 0 0 0 MICHAEL BURMAN CFO 38.00 2.00 X 0 132597 4662 BLISS AUSTIN-SPOONER CHIEF DEVELOPMENT OFFICER 39.00 1.00 X 0 137921 20738 LINDA VENDOLA CONTROLLER 39.00 1.00 X 0 111173 15215 0 671912 56190 0 0 1 0 0 RENTAL FEES 531311 276707 276707 276707 487 487 277194 276707 0 487 34435 34435 5049 5049 3627 3627 29958 29958 3155 3155 2066 2066 3673 3673 89278 89278 39392 39392 44835 44835 MISCELLANEOUS 1688 1688 257156 216616 40540 0 113086 248784 10605 13702 746 955 1592696 890918 746613 701778 118944 119175 989994 1084394 9858 45078 1969 1719 775000 775000 820927 860319 1607754 1682116 X -617760 -597722 -617760 -597722 989994 1084394 20038 0 X X 0 1 X 1 0 X 131379 132373 145032 222362 276707 907853 131379 132373 145032 222362 276707 907853 0 0 0 907853 2090 941 100 237 487 3855 2090 941 100 237 487 3855 133469 133314 145132 222599 277194 911708 0.99580 0.99290 0.00420 0.00710 X 0 1 X 67500 67500 1485427 851149 634278 39769 39769 0 701778 RESERVE AND DEPOSITS 117456 FUNDS HELD IN TRUST 1719 119175 DUE TO AFFILIATES 164395 DEVELOPER FEE AND DEFERRED INTEREST - RELATED PARTY 695924 860319 X PART IV, LINE 2B: THE ORGANIZATION HOLDS SECURITY DEPOSITS FOR ITS TENANTS. PART X, LINE 2: HEARTH BEACON, INC. (BEACON) ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. BEACON HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. BEACON'S INFORMATION AND INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 0 0 0 0 0 0 0 0 0 MARK D HINDERLIE PRESIDENT & CEO (UNTIL 11/2023) 0 158790 0 0 0 0 0 4788 0 663 0 164241 0 0 BLISS AUSTIN-SPOONER CHIEF DEVELOPMENT OFFICER 0 137921 0 0 0 0 0 4384 0 16354 0 158659 0 0 PART I, LINE 3 ON AN ANNUAL BASIS, THE EXECUTIVE COMMITTEE OF THE BOARD WILL MEET AND EVALUATE THE COMPENSATION OF KEY EMPLOYEES AND OFFICERS, INCLUDING THE PRESIDENT/CEO. FOR THE REVIEW OF THE PRESIDENT/CEO, THE BOARD CHAIR WILL CLOSELY REVIEW A SELF-EVALUATION COMPLETED BY THE PRESIDENT/CEO, COVERING ALL ASPECTS OF THE ORGANIZATION'S PERFORMANCE, AND PRESENTS HIS OR HER ASSESSMENT OF THAT EVALUATION. FOR THE COO, CFO, AND DIRECTOR OF INSTITUTIONAL ADVANCEMENT, THIS PROCESS IS UNDERTAKEN BY THE CEO AND PRESENTED TO THE COMMITTEE WITH HIS ASSESSMENT ALONG WITH INFORMATION REGARDING INDUSTRY AND AREA COMPENSATION LEVELS FOR SIMILIAR ROLES. ANY COMPENSATION CHANGES RESULTING FROM THIS PROCESS WILL BE APPROVED BY THE COMMITTEE. ALL COMPESATION IS PAID BY HEARTH, INC. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE EXECUTIVE/FINANCE COMMITTEE. THE EXECUTIVE/FINANCE COMMITTEE REVIEWS THE 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD OF DIRECTORS AND ALL OFFICERS SIGN AND ACKNOWLEDGE THEY ARE AWARE OF THE CONFLICT OF INTEREST POLICY AND MUST LIST ANY ITEMS THAT MIGHT CREATE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 HEARTH BEACON, INC. IS NOT REQUIRED TO MAKE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS PUBLIC. THESE DOCUMENTS ARE AVAILABLE ONLY UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE MASSACHUSETTS ATTORNEY GENERAL'S WEBSITE. FORM 990 PART XI LINE 2C: THE EXECUTIVE/FINANCE COMMITTEE ASSUMES RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR. HEARTH INC 1640 WASHINGTON STREET BOSTON MA 02118 043206820 ELDERLY LOW-INCOME HOUSING MA 501(C)(3) LINE 7 N/A 0 4 BISHOP STREET INC 1640 WASHINGTON STREET BOSTON MA 02118 223135170 ELDERLY LOW-INCOME HOUSING MA 501(C)(3) LINE 10 HEARTH INC 0 EAST CONCORD STREET LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 043288011 OPERATE 41 UNITS OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW INCOME MA N/A 0 0 HEARTH OLMSTED LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 273902520 OPERATE 59 UNITS OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW INCOME MA N/A 0 0 RUGGLES ASSISTED LIVING LIMITED PARTNERSHIP 1640 WASHINGTON STREET BOSTON MA 02118 043519729 OPERATE 43 UNITS OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW INCOME MA N/A 0 0 HEARTH FOUR CORNERS LLC 1640 WASHINGTON STREET BOSTON MA 02118 815267286 OPERATE 54 UNITS OF ASSISTED LIVING HOUSING FOR QUALIFIED LOW INCOME MA N/A 0 0 CEEH E CONCORD INC 1640 WASHINGTON STREET BOSTON MA 02118 043288009 LOW INCOME RENTAL MA N/A C 0 NCS RUGGLES INC 1640 WASHINGTON STREET BOSTON MA 02118 043519728 LOW INCOME RENTAL MA N/A C 0 HEARTH OLMSTED MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 273901873 LOW INCOME RENTAL MA N/A C 0 HEARTH FOUR CORNERS MANAGER LLC 1640 WASHINGTON STREET BOSTON MA 02118 834573588 LOW INCOME RENTAL MA N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0