What is Hearth?
Hearth is a non-profit organization dedicated to combating elder homelessness through a multi-faceted approach that includes housing, outreach, prevention, and advocacy. Serving older adults in the Greater Boston area who are experiencing homelessness or housing insecurity, Hearth provides essential affordable housing and supportive services. The organization currently operates 228 units of permanent housing and assists nearly 600 older adults annually, demonstrating a substantial impact on the community. Their operational model emphasizes community engagement, encouraging volunteerism and contributions to further their mission.
How much funding has Hearth raised?
Hearth has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Hearth
PPP
Public-Private Partnership
What's next for Hearth?
The substantial capital raised, particularly the recent strategic investment, positions Hearth for expanded operations and enhanced program delivery. This financial backing is indicative of a late-stage funding environment, suggesting the organization is poised for significant scaling of its housing solutions and support services. Future initiatives will likely focus on deepening their impact within the Greater Boston area and potentially exploring replication models for their successful programs. The organization's commitment to advocacy also suggests continued efforts to influence policy and raise awareness around elder homelessness.
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