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Nonprofit · EIN 33-0651131

HEARTHSTONE HOUSING FOUNDATION

Tax-exempt · NEWPORT BEACH, CA 92660

Financials

$2M$1.5M2023$2.2M$1.7M2024
Revenue Expenses · by fiscal year end
Financials of HEARTHSTONE HOUSING FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,221,955$1,650,474$571,481$45,598,531$39,701,468$5,897,063
December 31, 2023990$1,965,005$1,480,437$484,568$47,833,370$42,487,655$5,345,715
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,194,912
Investment income
$27,043
Net gain from sales of assets
$13,760
Other revenue
$0

Expenses

Grants and similar amounts paid
$264,775
Compensation of officers, directors and key employees
$573,160
Other salaries and wages
$324,733
Salaries, compensation and benefits (total)
$971,239
Professional fundraising fees
$0
Legal fees
$5,699
Accounting fees
$51,375
Occupancy
$69,279
Program services (functional)
$1,273,964
Management and general (functional)
$376,510

Balance sheet and other

Total assets, start of year
$47,833,370
Total assets, end of year
$45,598,531
Total liabilities, end of year
$39,701,468
Net assets, end of year
$5,897,063
Land, buildings and equipment
$1,798
Net assets without donor restrictions
$5,897,063
Gross receipts
$2,221,955
Employees
6
Volunteers
10
Year formed
1995
State of legal domicile
CA

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
SOCORRO VASQUEZPresident
Trustee or director, Officer
60$448,000$80,160
JUAN MALDONADOTreasurer & sec
Trustee or director, Officer
0.25$15,000$0
VICTOR WUVice President
Trustee or director, Officer
0.25$10,000$0
MICHAEL HEMMENSDirector
Trustee or director
0.25$10,000$0
TED E BEANDirector
Trustee or director
0.25$10,000$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensationOther / benefits
SOCORRO VASQUEZPresident
Trustee or director, Officer
60$419,000$77,663
JUAN MALDONADOTreasurer & sec
Trustee or director, Officer
0.25$12,500$0
MICHAEL HEMMENSDirector
Trustee or director
0.25$7,500$0
VICTOR WUVice President
Trustee or director, Officer
0.25$5,500$0
TED E BEANDirector
Trustee or director
0.25$5,500$0

Address and contacts

Address (IRS master file)
1401 DOVE ST STE 620, NEWPORT BEACH, CA 92660-2425
In care of
% COCO VASQUEZ
Signed the 990
SOCORRO VASQUEZ, President
Phone
(949) 553-9447
Return prepared by
Boggeln & Company Inc

California records

California keeps its own records of charities and corporations. Search them by EIN 33-0651131 or by the name HEARTHSTONE HOUSING FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

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

990 for the year ended December 31, 2024

Program accomplishments

  • ACQUISITION, DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING PROPERTIES.
    Expenses $1,009,189 · revenue $2,194,912
  • Helping Hands is a social service program that provides resources to residents that promote positive and healthy lifestyles.
    Expenses $143,378 · grants $143,378
  • SCHOLARSHIP FUND TO OFFER ACADEMIC SCHOLARSHIPS TO OUR RESIDENTS AND SURROUNDING COMMUNITIES.
    Expenses $108,397 · grants $108,397
  • Funds to red cross and L'Arche Wavecrest to help with adult residential facility.
    Expenses $13,000 · grants $13,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
33-0651131
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1997
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$45,598,531
Income (IRS master file)
$2,221,955

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,221,955$1,650,474$45,598,531XML
990December 2023$1,965,005$1,480,437$47,833,370XML
990December 2022$2,071,644$1,430,876$35,949,184IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

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 33-0651131).

Questions about HEARTHSTONE HOUSING FOUNDATION

What is the EIN of HEARTHSTONE HOUSING FOUNDATION?
The employer identification number (EIN) of HEARTHSTONE HOUSING FOUNDATION is 33-0651131.
Is HEARTHSTONE HOUSING FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
Are donations to HEARTHSTONE HOUSING FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HEARTHSTONE HOUSING FOUNDATION 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 HEARTHSTONE HOUSING FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HEARTHSTONE HOUSING FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of HEARTHSTONE HOUSING FOUNDATION?
The 990 for the year ended December 31, 2024 lists 5 people; 5 received compensation from the organization, the highest $448,000 (SOCORRO VASQUEZ, President).
How much revenue does HEARTHSTONE HOUSING FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,221,955, expenses of $1,650,474 and total assets of $45,598,531 at year end.

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