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