Annual Report 2019

Warm Hearth Foundation Fiscal Year Ending September 30, 2019 Statement of Financial Position

Assets Current Assets Cash & Cash Equivalents Accounts Receivable (Net) Total Current Assets

$ $ $

38,392.19 1,151.39 39,543.58

The Treasure Trove Thrift Store The Treasure Trove Thrift Store in Christiansburg entered its third year in business in 2019. All items sold in the store are donated by residents at WHV and the greater community and all proceeds benefit seniors in need on the Warm Hearth campus through the Neighbors In Need Fund. The Treasure Trove accepts gently used furniture and household items and provides a receipt for your tax-deductible donation. We employ a part-time manager and mover and rely on volunteers to help staff the store Wednesday through Saturday from 10 am to 4 pm. We are always looking for partners to help build awareness, provide volunteers, funnel donations and drive shoppers to the store. If you are a member of a civic organization or church group that may be able to help, please reach out to us. Volunteerism at Warm Hearth The Warm Hearth Foundation is proud to operate multiple year-round programs that help fill in the gaps for low-income residents at Warm Hearth Village. These programs would not be possible without our countless volunteers, who work tirelessly alongside Foundation staff to make them a reality. From tending to our raised garden beds to delivering shelf- stable food items and hot meals to running our two thrift store locations, Warm Hearth Foundation volunteers not only give their time, they give life to our unique offering of programs and services. Thank you to those who give of their time to serve others.

Non-Current Assets Restricted Cash & Cash Equivalents

195,999.70 $

Charitable Gift Annuities

$

9,898.30

Endowment

1,410,466.68 $

Property & Equipment (Net) Pledges Receivable - Long Term

$ $

70,471.23 2,500.00

Life Estate Gift

614,000.00 $

Other Long Term Assets

$

518.58

Total Non-Current Assets

2,303,854.49 $

Total Assets

2,343,398.07 $

Liabilities Current Liabilities Accounts Payable Due to Affiliates Payroll Liabilities

$

4,720.34

493,272.38 $

$

21,917.77

Total Current Liabilities

519,910.49 $

Non-Current Liabilities Life Estate Deferred Revenue

235,241.00 $

Net Assets Unrestricted Net Assets Restricted Net Assets

(404,179.51) $ 1,992,426.09 $ 1,588,246.58 $

Total Liabilities and Net Assets

2,343,398.07 $