Hearthstone Housing Foundation

About Hearthstone Housing Foundation

Hearthstone Housing Foundation is a real estate operator headquartered in Newport Beach, CA. Hearthstone Housing Foundation operates in Atlanta, Georgia, Baltimore, Maryland and Boston, Massachusetts. Its investment focus is on Affordable Housing, LIHTC and Senior Housing.

Hearthstone Housing Foundation is a 501(c)(3) non-profit public benefit corporation established in 1995. Operating for 31 years, the Newport Beach, California-based organization maintains a core team of 5 to 6 staff members. The foundation specializes in acquiring, developing, and managing affordable, service-enriched multi-family residential real estate assets. The entity focuses on low-income families, seniors, and individuals with disabilities. Across its operational history, the foundation and its affiliates have served as general partners in nearly 200 affordable housing properties across 8 states. Its property developments incorporate supportive resident programming, including academic scholarships, financial literacy courses, and social service assistance. For fiscal year 2023, the non-profit reported total revenues of approximately $1.96 million against operating expenses of $1.48 million. In fiscal year 2024, annual revenues reached $2.22 million with total expenses of $1.65 million. The organization manages total real estate assets and investments valued between $35.9 million and $47.8 million.

Principals at Hearthstone Housing Foundation

Recent activity at Hearthstone Housing Foundation

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Hearthstone Housing Foundation's project portfolio

3 projects on file · Affordable Housing (2), Senior & Assisted Living (1)

Markets and themes

Markets Hearthstone Housing Foundation operates in

• Atlanta, Georgia
• Baltimore, Maryland
• Boston, Massachusetts
• Charleston, South Carolina
• Columbia, South Carolina
• Fresno, California
• Los Angeles, California (LA)
• New York City, New York
• Oxnard-Thousand Oaks-Ventura, California
• Philadelphia-Camden-Wilmington, Pennsylvania-Delaware
• Portland, Oregon
• Providence, Rhode Island
• Sacramento, California
• San Bernardino-Riverside-Ontario, California (Inland Empire)
• San Diego, California
• San Luis Obispo-Paso Robles, California
• Santa Maria-Santa Barbara, California
• Seattle, Washington
• Spokane-Spokane Valley, Washington
• Wilmington, North Carolina
• Winston-Salem, North Carolina
• Yakima, Washington

Investment themes at Hearthstone Housing Foundation

• Affordable Housing
• LIHTC
• Senior Housing

Capabilities

• Economic Development
• Public-private partnerships
• Urban infill

Operators similar to Hearthstone Housing Foundation

• The Sports Facilities Companies
  Established tierCharleston, South CarolinaFresno, California+12 more markets
• Foundation For Affordable Housing
  Established tierSan Luis Obispo-Paso Robles, CaliforniaPortland, Oregon+7 more marketsSenior HousingAffordable Housing+1 more theme
• Asana Partners
  Established tierAtlanta, GeorgiaPortland, Oregon+8 more markets
• Oppidan Investment Company
  Established tierPortland, OregonOxnard-Thousand Oaks-Ventura, California+6 more marketsSenior HousingAffordable Housing
• IRA Capital
  Established tierAtlanta, GeorgiaSeattle, Washington+6 more marketsAffordable HousingSenior Housing
• Dermody Properties
  Established tierAtlanta, GeorgiaPortland, Oregon+7 more markets
• WMG Development
  Established tierWilmington, North CarolinaAtlanta, Georgia+6 more markets
• Buligo Capital
  Established tierWilmington, North CarolinaAtlanta, Georgia+4 more marketsSenior HousingAffordable Housing
• Johnson Development Associates
  Established tierAtlanta, GeorgiaBaltimore, Maryland+5 more markets
• Flournoy Development Group
  Established tierWilmington, North CarolinaAtlanta, Georgia+4 more marketsSenior Housing

Frequently asked questions about Hearthstone Housing Foundation

What does Hearthstone Housing Foundation do?

Hearthstone Housing Foundation is a 501(c)(3) non-profit public benefit corporation established in 1995.

Where is Hearthstone Housing Foundation based?

Hearthstone Housing Foundation is headquartered in Newport Beach, CA.

What markets does Hearthstone Housing Foundation operate in?

Hearthstone Housing Foundation is active in Atlanta, Georgia, Baltimore, Maryland, Boston, Massachusetts, Charleston, South Carolina, Columbia, South Carolina, and Fresno, California.

How many employees does Hearthstone Housing Foundation have?

Hearthstone Housing Foundation has 2–10 employees.