2025-09-30T16:01:33-07:00 2024-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2024-01-01 330651131 HEARTHSTONE HOUSING FOUNDATION HEAR 9495539447 1401 Dove St Suite 620 Newport Beach CA 92660 SOCORRO VASQUEZ President 2025-09-30 true true CHERI L BOGGELN P00854324 7143747434 2024 2025-03-06 01:10:19Z 1401 Dove St Suite 620 Newport Beach CA 92660 2221955 false X hearthstonehousing.org X 1995 CA Hearthstone Housing Foundation is dedicated to providing service-enriched affordable housing for families of low income, the elderly and the disabled. Hearthstones charter also includes combating community deterioration to lessen the burdens of government. 5 4 6 10 0 0 1937186 2194912 27819 27043 0 1965005 2221955 187312 264775 0 890942 971239 0 0 402183 414460 1480437 1650474 484568 571481 47833370 45598531 42487655 39701468 5345715 5897063 X Hearthstone Housing Foundation is dedicated to providing service-enriched affordable housing for families of low income, the elderly and the disabled. Hearthstones charter also includes combating community deterioration to lessen the burdens of government. Our Mission is carried out by:-Partnering with private developers to build quality housing in areas of need-Coordinating property management and supportive services to promote self-sufficiency and independence for residents-Leveraging funds to increase the availability of affordable housing-Advocating on behalf of low income seniors, families and the disabled-Providing support for programs which promote the development of affordable housing-Offering academic scholarships to our residents and surrounding communities.Our Vision:Our vision is for all people to enjoy quality affordable housing regardless of their age or income, and that all persons have access to necessary services in order to maintain a self-sufficient and independent l false false 1009189 2194912 ACQUISITION, DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES. 143378 143378 Helping Hands is a social service program that provides resources to residents that promote positive and healthy lifestyles. 108397 108397 SCHOLARSHIP FUND TO OFFER ACADEMIC SCHOLARSHIPS TO OUR RESIDENTS AND SURROUNDING COMMUNITIES. 13000 13000 Funds to red cross and L'Arche Wavecrest to help with adult residential facility. 13000 13000 1273964 true false false false false false false false false false true false true false true true false true false false false false false false false false false true true true false false false false false false false false false false false false true true false false false true 7 0 true 6 true false false false false false false false 0 false false false false false false false X 5 4 false false false false false false false true true false true true true true true true true true true true true true CA GA X ERIN WU 9495539447 1401 Dove St Suite 620 NEWPORT BEACH CA 92660 SOCORRO VASQUEZ President 60.00 0.00 X X 448000 0 80160 JUAN MALDONADO Treasurer & sec 0.25 0.00 X X 15000 0 0 VICTOR WU Vice President 0.25 0.00 X X 10000 0 0 MICHAEL HEMMENS Director 0.25 0.00 X 10000 0 0 TED E BEAN Director 0.25 0.00 X 10000 0 0 493000 80160 1 false true false 0 0 APPLICATION INCOME 531110 16000 16000 OTHER INCOME 531110 4157 4157 PROJECT INCOME 531390 2112796 2112796 RENTAL INCOME 531110 61959 61959 2194912 13283 13283 0 0 0 13760 13760 13760 13760 0 0 0 0 2221955 2194912 27043 13000 13000 251775 251775 0 0 573160 528160 45000 0 324733 178363 146370 0 30270 12719 17551 43076 43037 39 0 5699 5699 51375 51375 0 0 0 48130 40850 7280 0 7820 5021 2799 45561 15794 29767 0 69279 56176 13103 0 30153 26634 3519 17936 17936 0 0 0 6969 6969 RENTAL EXPENSES FROM K-1 35704 35704 OTHER DEDUCTIONS FROM K-1 23625 23625 TAXES 14522 14522 OFFICE EQUIPMENT 11120 8995 2125 46567 21443 25124 1650474 1273964 376510 0 5142970 5648897 71448 73983 0 690318 707267 0 0 0 0 1550 1543 30136 28338 2697 1798 0 0 41721783 39020345 0 202604 144698 47833370 45598531 172857 147061 42314798 39554407 42487655 39701468 X 5345715 5897063 5345715 5897063 47833370 45598531 X 571481 -20133 X false true X true false X 0 1928274 2044614 1875393 1937186 2194912 9980379 0 0 0 1928274 2044614 1875393 1937186 2194912 9980379 0 79567 100797 93928 68291 12273 354856 79567 100797 93928 68291 12273 354856 9625523 7485 7296 7371 32712 13283 68147 0 7485 7296 7371 32712 13283 68147 0 0 1935759 2051910 1882764 1969898 2208195 10048526 0.95790 0.95690 0.00680 0.00640 X 30136 28338 1798 1798 39020345 LEASE LIABILITY 133544 NONRECOURSE DEBT FROM K-1 968443 RECOURSE DEBT FROM K-1 38452420 39554407 X Part X : FIN48 Footnote PART X,LINE 2: HEARTHSTONE HOUSING FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"), AND IS EXEMPT FROM STATE INCOME TAXES UNDER THE COMPARABLE STATE TAX CODE, AS CHARITABLE ORGANIZATIONS WHEREBY ONLY UNRELATED INCOME, AS DEFINED BY SECTION 512(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. BOTH ENTITIES FILE AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. THE ORGANIZATION FOLLOWS THE ACCOUNTING STANDARD FOR CONTINGENCIES IN EVALUATING UNCERTAIN TAX POSITIONS. THE GUIDANCE PRESCRIBES RECOGNITION THRESHOLD PRINCIPLES FOR FINANICAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. NO LIABILITY HAS BEEN RECOGNIZED BY THE ORGANIZATION FOR UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. true LArche Wavecrest po box 4789 orange CA 92863 330819668 501(c)(3) 10000 0 adult residential facility 1 0 HELPING HANDS 4245 143378 FMV SCHOOL SUPPLIES, senior meal plan Grantmaker's Description of How Grants are Used HELPING HANDS POLICIES:THE ORGANIZATION'S EXTERNAL ACCOUNTANTS AND INTERNAL MANAGEMENT CLOSELY MONITOR THE FUND AND THE DISBURSEMENTS. IN ADDITION, THE HELPING HANDS FUND IS REVIEWED AT EACH ANNUAL BOARD MEETING BY THE BOARD OF DIRECTORS. BOTH OF THESE PROCEEDURES ARE USED TO ENSURE ALL DISBURSEMENTS ARE USED FOR THEIR INTENDED PURPOSES AND THAT THEY ARE NOT OTHERWISE DIVERTED FROM THEIR INTENDED USE. X true true X X X X X false false false false false false false false false SOCORRO VASQUEZ President 350000 80000 18000 69000 11160 528160 Part I, Line 1a: Relevant information in regards to selections on 1a. THE ORGANIZATION PAYS THE PRESIDENT OF THE ORGANIZATION, SOCORRO VASQUEZ, $1,000 PER MONTH TO RENT AN OFFICE IN HER HOME KIRKLAND WASHINGTON. THE RENTAL OF THE OFFICE ALLOWS THE ORGANIZATION TO CONDUCT BUSINESS AND SERVICE THE RENTAL PROPERTIES WHICH ARE LOCATED IN WASHINGTON STATE. THE TOTAL RENTS PAID TO THE PRESIDENT DURING 2024 WERE $14,000 WHICH HAS BEEN INCLUDED IN SCHEDULE J part ii COLUMN B (III). Form 990, Part VI, Section B, Line 11b 1. Hearthstone Housing Foundations Audit and Finance Committee will receive a copy of the draft tax return prior to the filing due date (Nov 15).2. Upon review, changes and comments will be communicated by the Committee to the Executive Director and the Tax Preparer. Form 990, Part VI, Section B, Line 12c the organization regularly & consistently monitors and enforces compliance with the conflicts of interest policy through periodic reviews as addressed in Articles VIII and IX.Article VIII PERIODIC REVIEWS:To ensure that the Corporation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted. The periodic reviews shall, at a minimum include the following subjects:a) Whether compensation arrangements and benefits are reasonable and are the result of arm's-length bargaining.b) Whether financial transactions result in inurement or impermissible private benefit.c) Whether partnership and joint venture arrangements conform to written policies, are properly recorded, reflect reasonable payments for goods and services, further the Corporation's charitable purposes and do not result in inurement or impermissible private benefit.Article IX USE OF OUTSIDE EXPERTS:In conducting the periodic reviews provided for in Article VIII, the Corporation may, but need not, use outside advisors. If outside experts are used their use shall not relieve the Board of its responsibility for ensuring that periodic reviews are conducted. Form 990, Part VI, Section B, Line 15b The Board or committee shall gather and rely upon appropriate data as to comparability prior to making any determination as to whether a particular transaction will generate an excess benefit. Appropriate comparability data shall include:i. In the case of compensation or service agreements or transactions: examination of compensation levels paid by similarly situated organizations, whether or not tax-exempt, the functionality of comparable positions, the availability of similar services in the Corporation's geographic area, current compensation surveys compiled by independent firms and any written offers from similar institutions competing for the individual.ALSO, SEE DETAIL IN THE ANSWER TO LINE 12C REGARDING PERIODIC REVIEWS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AND PROVIDES THEM TO THE PUBLIC UPON WRITTEN REQUEST. Form 990, Part XI, Line 9 Tax/gaap differences in amounts from K-1s = -$20133 ADJUSTMENTS TO FUND BALANCE: THE ORGANIZATION HAS GENERAL PARTNERSHIP INTERESTS IN LIMITED PARTNERSHIPS AND IS A MANAGING MAMBER OF limited liability companies. THE K-1S USE TAX BASIS FOR INCOME/(LOSS) AND EXPENSE ITEMS, however, THE AUDITED FINANCIAL STATEMENTS ARE ISSUED ON CONSOLIDATED BASIS and The capital account is on GAAP Basis. As such, it causes an adjustment to fund balance as follows:FUND BALANCE AT 1/1/2024 5,345,715.2024 NET INCOME/LOSS 571,481.TAX/GAAP DIFFERENCES IN PARTNERSHIP INVESTMENTS (20,133).FUND BALANCE AT 12/31/2024 5,897,063. 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