Nonprofit · EIN 84-4729940
OPEN HEARTS PLACE
Tax-exempt · MORGANTON, NC 28655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $189,863 | $149,930 | $39,933 | $1,447,779 | $827,982 | $619,797 |
| June 30, 2024 | 990 | $191,054 | $69,884 | $121,170 | $1,349,885 | $769,522 | $580,363 |
| June 30, 2023 | 990 | $267,944 | $25,809 | $242,135 | $788,640 | $9,072 | $779,568 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $155,688
- Program service revenue
- $34,029
- Investment income
- $146
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $48,799
- Salaries, compensation and benefits (total)
- $48,799
- Professional fundraising fees
- $0
- Legal fees
- $90
- Accounting fees
- $7,900
- Depreciation
- $44,857
- Program services (functional)
- $136,808
- Management and general (functional)
- $12,090
- Fundraising (functional)
- $1,032
Balance sheet and other
- Total assets, start of year
- $1,349,885
- Total assets, end of year
- $1,447,779
- Total liabilities, end of year
- $827,982
- Net assets, end of year
- $619,797
- Land, buildings and equipment
- $1,326,528
- Publicly traded securities
- $3,735
- Net assets without donor restrictions
- $566,695
- Net assets with donor restrictions
- $53,102
- Gross receipts
- $189,863
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY WRIGHT | BOARD MEMBER Trustee or director | 3 | $0 |
| JACOB LANCASTER | BOARD MEMBER Trustee or director | 4 | $0 |
| TOM RUSS | BOARD MEMBER Trustee or director | 2 | $0 |
| CAROLINE TILLERY | BOARD MEMBER Trustee or director | 1 | $0 |
| CASANDRA EARLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MADELYN RUSS | EXE DIR & BOARD CHAIR Officer | 20 | $0 |
| SUSAN PRIBYSON | VICE CHAIR Officer | 8 | $0 |
| ANN MONCRIEF | SECRETARY Officer | 2 | $0 |
| RYAN CARY | TREASURER Officer | 2 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY WRIGHT | BOARD MEMBER Trustee or director | 5 | $0 |
| JACOB LANCASTER | BOARD MEMBER Trustee or director | 2 | $0 |
| TOM RUSS | BOARD MEMBER Trustee or director | 5 | $0 |
| CAROLINE TILLERY | BOARD MEMBER Trustee or director | 2 | $0 |
| CASANDRA EARLEY | BOARD MEMBER Trustee or director | 2 | $0 |
| MADELYN RUSS | EXE DIR & BOARD CHAIR Officer | 30 | $0 |
| SUSAN PRIBYSON | VICE CHAIR Officer | 15 | $0 |
| ANN MONCRIEF | SECRETARY Officer | 5 | $0 |
| RYAN CARY | TREASURER Officer | 3 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN CARY | TREASURER Trustee or director | 3 | $0 |
| CASSANDRA EARLEY | BOARD MEMBER Trustee or director | 2 | $0 |
| JACOB LANCASTER | BOARD MEMBER Trustee or director | 2 | $0 |
| CORY LAWRENCE | BOARD MEMBER Trustee or director | 2 | $0 |
| VANESSA LAWRENCE | BOARD MEMBER Trustee or director | 2 | $0 |
| KEVIN MCLEAN | BOARD MEMBER Trustee or director | 2 | $0 |
| PAULA MCLEAN | BOARD MEMBER Trustee or director | 5 | $0 |
| ANN MONCRIEF | SECRETARY Trustee or director | 5 | $0 |
| SUSAN PRIBYSON | VICE CHAIR Trustee or director | 15 | $0 |
| MADELYN RUSS | EXECUTIVE DI Trustee or director | 30 | $0 |
| TOM RUSS | BOARD MEMBER Trustee or director | 5 | $0 |
| CAROLINE TILLERY | BOARD MEMBER Trustee or director | 2 | $0 |
| MARY WRIGHT | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 201 SHADY REST RD, MORGANTON, NC 28655-4637
- Mailing address (990-N for 2019)
- 201 Shady Rest Road, Morganton NC 28655
- Principal officer (990 for 2024)
- MADELYN RUSS, 201 SHADY REST ROAD, MORGANTON, NC 28655
- Principal officer (990-N for 2019)
- Rev Elaine Hall, 201 Shady Rest Road, Morganton NC 28655
- Signed the 990
- MADELYN RUSS, EXECUTIVE DIRECTOR
- Phone
- (828) 433-7437
- Website
- openheartsplace.org
- Return prepared by
- LOWDERMILK CHURCH & CO LLP
Mission
THE MISSION OF OPEN HEARTS PLACE IS TO PROVIDE HOMES AND PURPOSEFUL OPPORTUNITIES FOR FAMILIES TO INCREASE LIFE SKILLS, GAIN STABILITY, AND BECOME MORE SELF-SUFFICIENT. OPEN HEARTS PLACE WILL PROVIDE NEWLY BUILT OR REMODELED HOMES, AND THEREBY A MORE STABLE ENVIRONMENT, FOR THOSE FAMILIES WHO ARE TRYING TO "GET BACK ON THEIR FEET", WHILE INVOLVING THEM IN AN AGREED-UPON PERSONAL DEVELOPMENT PLAN (PDP).
Program accomplishments
- THE MISSION OF OPEN HEARTS PLACE IS TO PROVIDE HOMES AND PURPOSEFUL OPPORTUNITIES FOR FAMILIES TO INCREASE LIFE SKILLS, GAIN STABILITY, AND BECOME MORE SELF-SUFFICIENT. OPEN HEARTS PLACE WILL PROVIDE NEWLY BUILT OR REMODELED HOMES, AND THEREBY A MORE STABLE ENVIRONMENT, FOR THOSE FAMILIES WHO ARE TRYING TO "GET BACK ON THEIR FEET", WHILE INVOLVING THEM IN AN AGREED-UPON PERSONAL DEVELOPMENT PLAN (PDP).Expenses $136,808 · revenue $34,029
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-4729940
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $1,447,779
- Income (IRS master file)
- $189,863
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $189,863 | $149,930 | $1,447,779 | XML |
| 990 | June 2024 | $191,054 | $69,884 | $1,349,885 | IRS |
| 990 | June 2023 | $267,944 | $25,809 | $788,640 | XML |
| 990 | June 2022 | $342,792 | $14,717 | $541,114 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: Rev Elaine Hall | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-4729940).
Questions about OPEN HEARTS PLACE
- What is the EIN of OPEN HEARTS PLACE?
- The employer identification number (EIN) of OPEN HEARTS PLACE is 84-4729940.
- Is OPEN HEARTS PLACE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to OPEN HEARTS PLACE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OPEN HEARTS PLACE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OPEN HEARTS PLACE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OPEN HEARTS PLACE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of OPEN HEARTS PLACE?
- The 990 for the year ended June 30, 2025 names MADELYN RUSS.
- Who are the officers and directors of OPEN HEARTS PLACE?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does OPEN HEARTS PLACE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $189,863, expenses of $149,930 and total assets of $1,447,779 at year end.
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