Financial Management Programs

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Financial Management

Each of our programs, while unique in their approach and objectives, strives to move an individual or family along a rational continuum towards independence by way of obtaining safe, affordable housing, a means of transportation and financial viability.

Open Hearth, Inc. has several financial management assistance programs available for residents 

of Chester County and Montgomery County, Pennsylvania. 

 Please see below for more information.

Our award winning Financial Insight and Resource Management (FIRM) program is a comprehensive one-on-one assessment program centered on financial education that is designed to help individuals and families gain basic awareness of their financial situation and oftentimes discover the root cause of their financial hardship. 

financial assistance help chester county paFIRM works with the participant to map a solution to avoid similar problems in the future while also supporting the development and growth of families’ and individuals’ financial assets and resources.

Anyone is eligible for FIRM services regardless of their income level, but FIRM also serves as the fundamental element of and a portal into each of our programs.

Every participant that has a FIRM appointment will receive:

  • Extensive budgeting support
  • Financial/credit counseling
  • Immediate and long-range goal planning
  • Social service referrals
  • Advocacy

If you would like to find out more information, please contact (610) 792-9282 x. 201 or email [email protected].

Open Hearth’s Family Savings Partner Program (FSP) is the ONLY county-wide asset development program to support the financial viability of individuals and families as they plan for their future. FSP provides a match of a family’s savings to be used toward the purchase of an asset goal such as a car, post-secondary education, or a first home (based on available funding). In order to accomplish their goal, households must systematically save for a minimum period of six months in order to be eligible for their savings match, in addition to meeting the financial education component of the program through a series of workshops (see Financial Workshops).  Along the way, program staff provides essential support through social service referrals, progress updates, resources, and guidance.

financial assistance programsSince the program’s inception, Open Hearth has supported the purchase of assets totaling more than $11 million by families at or below 80 percent of the median income guideline!

Eligibility Criteria:

  • Participant must be a resident of Chester County, Pennsylvania
  • Participant has earned income
  • Adjusted gross income must be less than 200% of the Federal Poverty Level ($24,280 for a single individual) or the family must qualify for the Earned Income Tax Credit
  • Participant’s total net worth must be under $10,000

Those accepted into the Family Savings Partner Program are required to participate in 8 hours of financial education including Open Hearth’s Car Buying: Put Yourself in the Driver’s Seat and Good Credit – How to Get It workshops. 

Applications are accepted on a rolling basis.  If you would like to find out more information, please contact (610) 792-9282 x. 206 or email [email protected].

Our Financial Navigator serves as a point of entry for the PA-CareerLink and the United Way of Chester County Financial Stability Center located in Exton, Pa. The Financial Navigator’s role is to complete an initial intake and financial assessment for individuals interested in accessing services located within the Financial Stability Center and to provide financial stability direct services. They also act as a resource coordinator in order to promote and achieve a client’s goal(s) of increasing income, decreasing debt, and increasing assets.

If you would like to find out more information, please contact (610) 280-1023 or email [email protected].

Funded by the Workforce Development Board, the Mobile Workforce Navigator provides community-based services to unemployed and underemployed job seekers at the Coatesville, Kennett Square and Phoenixville libraries as well as at other social service providers in the surrounding area. These three communities were identified as less accessible to the Financial Stability Center and PA CareerLink® — Chester County.

The primary goal of the Navigator is to enroll unemployed and underemployed individuals into workforce development services like Individual Training Accounts (ITAs) and the JobGateway service as well as refer individuals to financial management and other social services (as needed) in order to increase employment outcomes. 

If you would like to find out more information, please contact (610) 331-4101 / (610) 792-9282 x. 216 or email [email protected].

Open Hearth offers FREE financial literacy workshops year-round which are facilitated by volunteers from professional business and financial service backgrounds on topics including, but not limited to: building a better credit report, budgeting and debt reduction, the car and home purchase process (from financing to the buying process) and the basics of retirement planning and saving.

financial assistance workshops in chester county paOur workshops are held at various locations throughout Chester County, but many are held in the Community Room at the Exton Square Mall, located in Exton, PA.  All of Open Hearth’s workshops are strictly educational – no product sales or promotions are ever permitted – and FREE to anyone who wishes to attend.  Prior registration is required.

Financial Management

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