Hearthstone Housing Foundation

Newport Beach, CA
Tax-exempt since April 1997
EIN: 33-0651131

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$2.07M (2022)

Expenses

$1.43M (2022)

Total Assets

$35.9M (2022)

Total Liabilities

$31.1M (2022)

Source: Form 990 tax filings from 2010 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$2,071,644

Expenses

$1,430,876

Net Income

$640,768

Net Assets

$4,851,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,875,393	90.5%
Investment Income	$7,371	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$188,880	9.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$492,663	34.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$262,420	18.3%

Assets/Debt
Total Assets	$35,949,184
Total Liabilities	$31,098,009
Net Assets	$4,851,175

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$402,000	$0	$72,663
Victor Wu (Sec & Director)	$4,500	$0	$0
Juan Maldonado (Treasurer & Vp)	$4,500	$0	$0
Michael Hemmens (Director)	$4,500	$0	$0
Ted E Bean (Director)	$4,500	$0	$0

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990

Filed on Nov. 2, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$2,067,096

Expenses

$1,510,201

Net Income

$556,895

Net Assets

$4,266,884

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$2,044,614	98.9%
Investment Income	$7,296	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$15,186	0.7%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$472,271	31.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$234,484	15.5%

Assets/Debt
Total Assets	$17,283,954
Total Liabilities	$13,017,070
Net Assets	$4,266,884

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$387,000	$0	$69,271
Victor Wu (Sec & Director)	$4,000	$0	$0
Juan Maldonado (Treasurer & Vp)	$4,000	$0	$0
Michael Hemmens (Director)	$4,000	$0	$0
Ted E Bean (Director)	$4,000	$0	$0

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990

Filed on Oct. 24, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$2,634,479

Expenses

$1,455,992

Net Income

$1,178,487

Net Assets

$3,712,009

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,928,274	73.2%
Investment Income	$7,485	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$698,720	26.5%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$471,189	32.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$256,790	17.6%

Assets/Debt
Total Assets	$18,816,841
Total Liabilities	$15,104,832
Net Assets	$3,712,009

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$387,000	$0	$68,189
Victor Wu (Sec & Director)	$4,000	$0	$0
Juan Maldonado (Treasurer & Vp)	$4,000	$0	$0
Michael Hemmens (Director)	$4,000	$0	$0
Ted E Bean (Director)	$4,000	$0	$0

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990

Filed on Nov. 2, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,250,570

Expenses

$1,507,578

Net Income

$742,992

Net Assets

$2,541,072

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,880,245	83.5%
Investment Income	$6,951	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$363,374	16.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$444,198	29.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$254,502	16.9%

Assets/Debt
Total Assets	$20,301,819
Total Liabilities	$17,760,747
Net Assets	$2,541,072

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$362,000	$0	$66,198
Victor Wu (Sec & Director)	$4,000	$0	$0
Juan Maldonado (Treasurer & Vp)	$4,000	$0	$0
Michael Hemmens (Director)	$4,000	$0	$0
Ted E Bean (Director)	$4,000	$0	$0

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990

Filed on Oct. 21, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$1,751,530

Expenses

$1,484,535

Net Income

$266,995

Net Assets

$2,181,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,743,697	99.6%
Investment Income	$6,608	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,225	0.1%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$491,547	33.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$240,738	16.2%

Assets/Debt
Total Assets	$15,723,219
Total Liabilities	$13,542,177
Net Assets	$2,181,042

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$336,167	$0	$64,994
Victor Wu (Sec & Director)	$4,000	$0	$0
Juan Maldonado (Treasurer & Vp)	$4,000	$0	$0
Michael Hemmens (Director)	$4,000	$0	$0
Ted E Bean (Director)	$4,000	$0	$0

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990

Filed on Oct. 8, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$1,465,045

Expenses

$1,575,917

Net Income

-$110,872

Net Assets

$2,043,196

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,443,802	98.6%
Investment Income	$6,329	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$14,914	1.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$532,392	33.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$164,578	10.4%

Assets/Debt
Total Assets	$34,896,972
Total Liabilities	$32,853,776
Net Assets	$2,043,196

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$317,000	$0	$63,468
Samantha Watson (Fiscal & Corp Mgr)	$101,946	$0	$4,979
Velma De La Rosa (Former Vp & Director)	$30,000	$0	$0
Victor Wu (Sec & Director)	$3,750	$0	$0
Juan Maldonado (Treasurer & Vp)	$3,750	$0	$0
Michael Hemmens (Director)	$3,750	$0	$0
Robert Johnson (Director)	$3,750	$0	$0

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990

Filed on Oct. 9, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$1,541,499

Expenses

$1,423,474

Net Income

$118,025

Net Assets

$2,199,676

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,440,056	93.4%
Investment Income	$36,133	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$65,310	4.2%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$478,292	33.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$265,732	18.7%

Assets/Debt
Total Assets	$27,745,729
Total Liabilities	$25,546,053
Net Assets	$2,199,676

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$293,000	$0	$62,412
Velma De La Rosa (Vice President)	$105,802	$0	$3,328
Juan Maldonado (Treasurer)	$4,000	$0	$0
Victor Wu (Director)	$3,250	$0	$0
Michael Hemmens (Director)	$3,250	$0	$0
Robert Johnson (Director)	$3,250	$0	$0
Eugenia Ortega Guzman (Director)	$0	$0	$0

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990

Filed on Nov. 9, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$1,480,059

Expenses

$1,217,135

Net Income

$262,924

Net Assets

$2,239,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$160,400	10.8%
Program Services	$1,281,236	86.6%
Investment Income	$38,423	2.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$434,755	35.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$179,046	14.7%

Assets/Debt
Total Assets	$21,509,147
Total Liabilities	$19,270,139
Net Assets	$2,239,008

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$282,004	$0	$61,918
Velma De La Rosa (Vice President)	$53,000	$0	$0
Eugenia Ortega Guzman (Director)	$27,333	$0	$0
Juan Maldonado (Treasurer)	$3,000	$0	$0
Michael Hemmens (Director)	$3,000	$0	$0
Robert Johnson (Director)	$3,000	$0	$0
Victor Wu (Director)	$1,500	$0	$0

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990

Filed on Nov. 10, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$1,266,835

Expenses

$1,045,484

Net Income

$221,351

Net Assets

$1,804,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,249,375	98.6%
Investment Income	$17,101	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$359	0.0%
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$359,746	34.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$172,713	16.5%

Assets/Debt
Total Assets	$28,762,905
Total Liabilities	$26,958,482
Net Assets	$1,804,423

Compensation

Key Employees and Officers	Compensation	Related	Other
Socorro Vasquez (President)	$267,000	$0	$60,246
Velma De La Rosa (Secretary)	$22,500	$0	$0
Eugenia Ortega Guzman (Director)	$2,500	$0	$0
Juan Maldonado (Treasurer)	$2,500	$0	$0
Michael Hemmens (Director)	$2,500	$0	$0
Robert Johnson (Director)	$2,500	$0	$0
Timmothy Kemper (Director)	$0	$0	$0

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990

Filed on Nov. 6, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$1,180,110

Expenses

$889,273

Net Income

$290,837

Net Assets

$1,663,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,164,176	98.6%
Investment Income	$15,934	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$335,654	37.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$129,681	14.6%

Assets/Debt
Total Assets	$15,239,199
Total Liabilities	$13,575,834
Net Assets	$1,663,365

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,246,661

Expenses

$844,878

Net Income

$401,783

Net Assets

$1,154,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,240,276	99.5%
Investment Income	$6,385	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$303,594	35.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$153,368	18.2%

Assets/Debt
Total Assets	$19,781,127
Total Liabilities	$18,626,442
Net Assets	$1,154,685

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,128,600

Expenses

$851,824

Net Income

$276,776

Net Assets

$734,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$1,121,217	99.3%
Investment Income	$7,383	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$284,007	33.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$217,710	25.6%

Assets/Debt
Total Assets	$29,559,900
Total Liabilities	$28,825,419
Net Assets	$734,481

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Revenue

$862,148

Expenses

$806,962

Net Income

$55,186

Net Assets

$807,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$858,407	99.6%
Investment Income	$3,741	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$246,064	30.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$292,044	36.2%

Assets/Debt
Total Assets	$43,227,214
Total Liabilities	$42,419,289
Net Assets	$807,925

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated November 21, 2024

Hearthstone Housing Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.07M (2022)

Expenses $1.43M (2022)

Total Assets $35.9M (2022)

Total Liabilities $31.1M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2010

Extracted Financial Data

Revenue

$2.07M (2022)

Expenses

$1.43M (2022)

Total Assets

$35.9M (2022)

Total Liabilities

$31.1M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001