Civic Intelligence

Hearts Foundation Inc.

990 • Fiscal year 2017 • EIN 16-1607748

Jan 01, 2017 to Dec 31, 2017 • Filed on May 08, 2018

PO Box 437Buffalo, NY 14223

(716) 877-3536

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.62x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.24x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Net Margin

60th percentile

6.5%

Higher net margin than 60% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$88,095

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2017 filings • NTEE B • $1M-$5M nonprofits • Source year 2017

Asset Growth

24th percentile

-2.5%

Faster asset growth than 24% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

58th percentile

7.8%

Faster revenue growth than 58% of similar nonprofits.

2017 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Down

$382,614

Down $9,928 (-2.5%) from 2016

Net Assets

Up

$143,788

Up $65,070 (+83%) from 2016

Liabilities

Down

$238,826

Down $74,998 (-24%) from 2016

Revenue

Up

$1,005,827

Up $72,995 (+7.8%) from 2016

Expenses

Up

$940,757

Up $17,087 (+1.8%) from 2016

Net Income

Up

$65,070

Up $55,908 (+610%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $16,768Liabilities 2010: $12,1632010Assets 2011: $103,682Liabilities 2011: $63,356Net Assets 2011: $40,3262011Assets 2012: $175,287Liabilities 2012: $130,481Net Assets 2012: $44,8062012Assets 2013: $287,916Liabilities 2013: $208,794Net Assets 2013: $79,1222013Assets 2014: $346,087Liabilities 2014: $285,446Net Assets 2014: $60,6412014Assets 2015: $447,890Liabilities 2015: $378,334Net Assets 2015: $69,5562015Assets 2016: $392,542Liabilities 2016: $313,824Net Assets 2016: $78,7182016Assets 2017: $382,614Liabilities 2017: $238,826Net Assets 2017: $143,7882017Assets 2018: $397,199Liabilities 2018: $162,659Net Assets 2018: $234,5402018Assets 2019: $488,327Liabilities 2019: $239,424Net Assets 2019: $248,9032019Assets 2020: $385,917Liabilities 2020: $175,761Net Assets 2020: $210,1562020Assets 2021: $1,567,515Liabilities 2021: $954,375Net Assets 2021: $613,1402021Assets 2022: $1,717,509Liabilities 2022: $939,241Net Assets 2022: $778,2682022Assets 2023: $3,863,978Liabilities 2023: $2,926,704Net Assets 2023: $937,2742023Assets 2024: $4,381,447Liabilities 2024: $3,018,130Net Assets 2024: $1,363,3172024

Highlighted filing

2017

Assets$382,614
Liabilities$238,826
Net Assets$143,788

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $297,479Expenses 2010: $283,188Net Income 2010: $14,2912010Expenses 2011: $317,9322011Expenses 2012: $402,2892012Revenue 2013: $576,709Expenses 2013: $542,393Net Income 2013: $34,3162013Revenue 2014: $635,007Expenses 2014: $653,488Net Income 2014: -$18,4812014Revenue 2015: $771,971Expenses 2015: $763,056Net Income 2015: $8,9152015Revenue 2016: $932,832Expenses 2016: $923,670Net Income 2016: $9,1622016Revenue 2017: $1,005,827Expenses 2017: $940,757Net Income 2017: $65,0702017Revenue 2018: $1,228,460Expenses 2018: $1,137,708Net Income 2018: $90,7522018Revenue 2019: $1,443,996Expenses 2019: $1,429,633Net Income 2019: $14,3632019Revenue 2020: $1,309,462Expenses 2020: $1,348,209Net Income 2020: -$38,7472020Revenue 2021: $2,227,720Expenses 2021: $1,824,736Net Income 2021: $402,9842021Revenue 2022: $2,388,696Expenses 2022: $2,223,568Net Income 2022: $165,1282022Revenue 2023: $2,715,627Expenses 2023: $2,556,621Net Income 2023: $159,0062023Revenue 2024: $3,220,345Expenses 2024: $2,794,302Net Income 2024: $426,0432024

Highlighted filing

2017

Revenue$1,005,827
Expenses$940,757
Net Income$65,070
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 8, 2018
Return Version
2017v2.2
Gross Receipts
$1,005,827
Mission and Program Overview

Mission

The organization exists solely to support the activities and purposes of hearts for the homeless of western new york inc. A 501c3 organization which provides physical, emotional, and spiritual relief to the homeless, poor and distressed and shares the gospel of jesus christ

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$360,600$313,143▼ $47,457
Cash and Non-Interest-Bearing Accounts$8,673$57,334▲ $48,661
Prepaid Expenses and Deferred Charges$11,621$11,394▼ $227
Accounts Receivable$11,648$743▼ $10,905
Total Assets$392,542$382,614▼ $9,928
Liabilities
Mortgage Notes Payable Secured by Investment Property$251,821$196,496▼ $55,325
Accounts Payable and Accrued Expenses$38,109$41,439▲ $3,330
Deferred Revenue$23,894$891▼ $23,003
Total Liabilities$313,824$238,826▼ $74,998
Net Assets / Fund Balance
Unrestricted Net Assets$78,718$143,788▲ $65,070
Total Net Assets Fund Balance$78,718$143,788▲ $65,070
Total Liabilities and Net Assets / Fund Balance$392,542$382,614▼ $9,928

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$313,143$323,830$636,973
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ronald CalandraPresidentPT$28,923$59,172$88,095
Nicholas CalandraSecretaryFT$74,800$5,214$80,014

Board Members and Trustees

NameTitle
Eric JohnsChairman of Board and Treasur
Gerald TrotterMember
Kevin RipellinoMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$18
Other Revenue
$1,005,809
Change in Net Assets
$65,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,005,827
Total Revenue per Audited Statements
$1,005,827
Total Revenue per Form 990
$1,005,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$514,669
Other Expenses$371,088
Grants and Similar Amounts Paid$55,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$374,774--$374,774
Other Expenses$139,660--$139,660
Current Officers, Directors, Trustees, and Key Employees$103,723--$103,723
Depreciation Depletion$86,255$364-$86,619
Grants to Domestic Orgs$55,000--$55,000
Payroll Taxes$36,172--$36,172
Occupancy$10,640$21,368-$32,008
Insurance$23,886--$23,886
Fees for Services Other$18,173$2,591-$20,764
Interest-$13,545-$13,545
Office Expenses-$3,987-$3,987
All Other Expenses$2,173$1,190-$3,363
Travel$3,065--$3,065
Fees for Services Accounting-$2,850-$2,850
Advertising$1,912--$1,912
Information Technology-$5-$5
Total Functional Expenses$894,857$45,900$0$940,757

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$940,757
Total Expenses per Audited Statements$940,757
Total Expenses per Form 990$940,757
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hearts for the Homeless of WnyBuffalo, NY501c3Programs Support$55,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Officer directors etc family relationship Part VI line 2

Ronald calandra and nicholas calandra have a family relationship.

Form 990 governing body review Part VI line 11

The completed federal form 990 and all schedules are sent to the president, secretary, and treasurer for their review and approval prior to the filing with the internal revenue service.

Conflict of interest policy compliance Part VI line 12C

A questionnaire is sent annually to the board of directors for them to answer in compliance with the policy. These completed forms are then presented to the board of directors and permanently retained in the organizations records.

CEO executive director top management comp Part VI line 15A

The board annually reviews compensation and compares with other similar organizations as pertains to all of the organizations personnel.

Other officer or key employee compensation Part VI line 15B

SAME AS ABOVE.

Governing documents etc available to public Part VI line 19

The organization annually posts on its website, as well as in its newsletter, that the annual audited financial statements and the irs form 990 are available by contacting their corporate office.

Filing and Contact Details

Filer

Filer Name
Hearts Foundation Inc
EIN
16-1607748
Address
PO BOX 437, BUFFALO, NY 14223
Doing Business As
Hearts Thrift Shop

Signing Officer

Name
Ronald Calandra
Title
President
Phone
7168773536
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ronald Calandra
Formed
2003
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
3
Employees
27
Volunteers
50

Preparer

Firm
Alan Jeff CPA PC
Address
2978 Colvin Boulevard, Tonawanda, NY 14150
Preparer
Alan Jeff
Phone
7166933797
Supplemental Narrative

Additional Explanations

General explanation attachment

Part 3, line 1to men, women and children.

Raw XML Appendix388 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0323830
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IRS990ScheduleD/ExpensesSubtotalAmt0940757
IRS990ScheduleD/RevenueSubtotalAmt01005827
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IRS990ScheduleD/TotalRevenuePerForm990Amt01005827
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IRS990ScheduleI/RecipientTable/RecipientEIN0223245314
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IRS990ScheduleI/RecipientTable/USAddress/CityNm0BUFFALO
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RONALD CALANDRA AND NICHOLAS CALANDRA HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPLETED FEDERAL FORM 990 AND ALL SCHEDULES ARE SENT TO THE PRESIDENT, SECRETARY, AND TREASURER FOR THEIR REVIEW AND APPROVAL PRIOR TO THE FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A QUESTIONNAIRE IS SENT ANNUALLY TO THE BOARD OF DIRECTORS FOR THEM TO ANSWER IN COMPLIANCE WITH THE POLICY. THESE COMPLETED FORMS ARE THEN PRESENTED TO THE BOARD OF DIRECTORS AND PERMANENTLY RETAINED IN THE ORGANIZATIONS RECORDS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ANNUALLY REVIEWS COMPENSATION AND COMPARES WITH OTHER SIMILAR ORGANIZATIONS AS PERTAINS TO ALL OF THE ORGANIZATIONS PERSONNEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SAME AS ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION ANNUALLY POSTS ON ITS WEBSITE, AS WELL AS IN ITS NEWSLETTER, THAT THE ANNUAL AUDITED FINANCIAL STATEMENTS AND THE IRS FORM 990 ARE AVAILABLE BY CONTACTING THEIR CORPORATE OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PART 3, LINE 1TO MEN, WOMEN AND CHILDREN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6General explanation attachment
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0940757
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0143788
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0894857
IRS990/TotalReportableCompFromOrgAmt0103723
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01005827
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01005827
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0382614
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IRS990/TravelGrp/TotalAmt03065
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RONALD CALANDRA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07168773536
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEARTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0161607748
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 437
ReturnHeader/Filer/USAddress/CityNm0BUFFALO
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId01613082018129xnoa2ny
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-09
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt076.180.139.124
ReturnHeader/FilingSecurityInformation/IPDt02018-05-09
ReturnHeader/FilingSecurityInformation/IPTm014:46:12
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0161326754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Alan Jeff CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02978 Colvin Boulevard
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Tonawanda
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014150
ReturnHeader/PreparerPersonGrp/PhoneNum07166933797
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Alan Jeff
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-09T14:43:26-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.38$3.02$1.36$3.22$2.79$0.43
2023Detailed filing. Detailed filing data is available for this year.$3.86$2.93$0.94$2.72$2.56$0.16
2022Detailed filing. Detailed filing data is available for this year.$1.72$0.94$0.78$2.39$2.22$0.17
2021Detailed filing. Detailed filing data is available for this year.$1.57$0.95$0.61$2.23$1.82$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.39$0.18$0.21$1.31$1.35$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.49$0.24$0.25$1.44$1.43$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.40$0.16$0.23$1.23$1.14$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.24$0.14$1.01$0.94$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.39$0.31$0.08$0.93$0.92$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.38$0.07$0.77$0.76$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.29$0.06$0.64$0.65$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.29$0.21$0.08$0.58$0.54$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.13$0.04$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.06$0.04$0.32
2010Summary only. Only limited summary data is available for this year.$0.02$0.01$0.30$0.28$0.01