Better Business Bureau Report for
Heart Havens

Better Business Bureau Report issued July 2015
Better Business Bureau Report expires July 2017


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: Heart Havens
Address: 812 Moorefield Park Drive
Suite 301
  Richmond, VA 23236
Phone: 804-237-6097
877-442-8368
Web Address: www.hearthavens.org
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Better Business Bureau Comments

Year, State Incorporated: 1996, Virginia

Mission: Heart Havens empowers adults with intellectual disabilities to live and thrive in a safe and nurturing environment.

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Evaluation Conclusions

              

Heart Havens meets the 20 Standards for Charity Accountability.
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Programs

              

Heart Havens' Service Delivery Model is based on a Person Centered Service Plan Model. Our goal as an organization is to ensure each individual we support has the opportunity to voice their preferences and lead a life style based on their needs and desires. We promote family support, community integration, and continual opportunity for growth.

For the fiscal year ended December 31, 2014, Heart Havens's program expenses were:

  
Program services 3,330,380
Total Program Expenses: $3,330,380
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Governance

              

Chief Executive : Jennifer Boyden, CEO
Compensation*: 

Chair of the Board: Mr. K. Dane Mills
Chair's Profession / Business Affiliation: Attorney at Law

Board Size: 17

Paid Staff Size: 72

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Fund Raising

              

Method(s) Used:

Direct mail, print advertisements, grant proposals, and email & website appeals.
Fund raising costs were 37% of related contributions. (Related contributions, which totaled $359,280, are donations received as a result of fund raising activities.)
According Heart Havens' audited financial statements for the fiscal year ended December 31, 2014, the ratio of fundraising expenses to related contributions was higher than the 35% required by Standard 9. However, the organization has provided additional information to BBB demonstrating reasonable use of funds, including a trend in increasing contributions and a current-year budget indicating a significant adjustment in fundraising costs. Based on Wise Giving Alliance's application guidelines, BBB is comfortable reporting that Heart Havens meets the requirements of Standard 9.
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Financial

              

The following information is based on Heart Havens's audited financial statements - consolidated for the fiscal year ended December 31, 2014.

Source of Funds  
Virginia Medical Assistance Program 2,789,281
Program service fees 468,432
Contributions and grants 359,280
Miscellaneous income 8,183
Investment income 576
Total Income $3,625,752


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Uses of Funds as a % of Total Expenses

Programs: 86%  Fund Raising: 3%  Administrative: 11% 

Total income $3,625,752
Program expenses $3,330,380
Fund raising expenses 133,178
Administrative expenses 429,371
Total expenses $3,892,929
Expenses in Excess of Income (267,177)
Beginning net assets 3,037,071
Ending net assets 2,769,894
Total liabilities 273,025
Total assets $3,042,919


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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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