Lucy's Hearth

Nonprofit profile at a glance

EIN
222566612
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Middletown, RI, USA
Phone
4018472021
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeless Shelters

Official website

Reported finances

Revenue
$1,643,768
Expenses
$1,318,770
Assets
$5,698,045
Liabilities
$1,314,534

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • HOLLAND MCDUFF MARGARET (CEO)

Highest reported compensation

  • HOLLAND MCDUFF MARGARET (CEO): $443,381 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lucy's hearth believes that families experiencing homelessness can overcome barriers to self-sufficiency through the combination of holistic programs and services offered in a hopeful, safe and nurturing environment.

What it reported doing in 2024

Lucy's hearth operates three housing programs and an aftercare program. The on-site facility includes 15 private housing units (13 efficiency units and 2 one-bedroom units) that support both emergency shelter and transitional housing services.emergency shelter program provides emergency shelter for six families, with a maximum length of stay of 90 days.transitional housing program provides temporary housing for seven families, with a maximum length of stay of up to 24 months.permanent supportive housing (psh) program serves up to 16 families experiencing chronic homelessness, in off-site apartments located throughout aquidneck island. There is no time limit on length of stay. Lucy's hearth currently operates eight psh units and plans to acquire additional apartments throughout the next year as housing becomes available.aftercare program provides voluntary, time-limited housing stabilization services for up to six months for families exiting any lucy's hearth housing program after securing permanent housing.major accomplishments: emergency shelter program served 34 families, 47 adults, 55 children, 58 days is the average length of stay, 79% exited to positive housing destinations. Transitional housing program served 18 families, 25 adults, 30 children, 263 days is the average length of stay, 56.8% exited to positive housing destinations. Permanent supportive housing (psh) program served 9 families, 11 adults, 10 children, 263 days is the average length of stay, 66.67% exited to positive housing destinations. Aftercare program served 7 families, 7 adults, 7 children, 139 days is the average length of stay.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 91% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 71
  • Accountability: 95
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.2%; rating input score 65
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.8%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 4.32; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.4% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 65.2% of revenue deployed · 78.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $443K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.