Civic Intelligence

Hearts of Reality Inc

EIN 61-1937805 • 501(c)4 • Celebration, FL

Profile

Provide civic betterment services and holding of civic betterment events for the enjoyment of residents of and visitors to celebration, florida.

610 Sycamore St 220Celebration, FL 34747

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

4.13x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

93rd percentile

0.62x

Higher debt load relative to revenue than 93% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

45th percentile

-0.1%

Higher net margin than 45% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)4 • <$500k nonprofits • Source year 2023

Asset Growth

51st percentile

-1.0%

Faster asset growth than 51% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

35%

Faster revenue growth than 84% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$6,117

Down $61 (-1.0%) from 2022

Liabilities

Flat

$25,258

Flat from 2022

Net Assets

Down

-$19,141

Down $61 (-0.3%) from 2022

Operations
Liabilities / Revenue93rd percentileNet Margin45th percentile

Revenue

Up

$40,856

Up $10,675 (+35%) from 2022

Expenses

Up

$40,917

Up $9,925 (+32%) from 2022

Net Income

Up

-$61

Up $750 (+92%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth51st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$20K$0-$20KAssets 2019: $7,641Liabilities 2019: $22,783Net Assets 2019: -$15,1422019Assets 2020: $7,800Liabilities 2020: $25,258Net Assets 2020: -$17,4582020Assets 2021: $6,989Liabilities 2021: $25,258Net Assets 2021: -$18,2692021Assets 2022: $6,178Liabilities 2022: $25,258Net Assets 2022: -$19,0802022Assets 2023: $6,117Liabilities 2023: $25,258Net Assets 2023: -$19,1412023

Highlighted filing

2023

Assets$6,117
Liabilities$25,258
Net Assets-$19,141
Open 2023 Filing

Operations Trend

Revenue Growth84th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2019: $25,035Expenses 2019: $40,177Net Income 2019: -$15,1422019Revenue 2020: $0Expenses 2020: $2,316Net Income 2020: -$2,3162020Revenue 2021: $0Expenses 2021: $811Net Income 2021: -$8112021Revenue 2022: $30,181Expenses 2022: $30,992Net Income 2022: -$8112022Revenue 2023: $40,856Expenses 2023: $40,917Net Income 2023: -$612023

Highlighted filing

2023

Revenue$40,856
Expenses$40,917
Net Income-$61
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,117
Liabilities
$25,258
Net assets
-$19,141
Revenue
$40,856
Expenses
$40,917
Net income
-$61
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$6.12$25.3$19.1$40.9$40.9$0.06
2022Detailed filing. Detailed filing data is available for this year.$6.18$25.3$19.1$30.2$31.0$0.81
2021Detailed filing. Detailed filing data is available for this year.$6.99$25.3$18.3$0.00$0.81$0.81
2020Detailed filing. Detailed filing data is available for this year.$7.80$25.3$17.5$0.00$2.32$2.32
2019Detailed filing. Detailed filing data is available for this year.$7.64$22.8$15.1$25.0$40.2$15.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$40,856
Mission and Program Overview

Mission

Provide civic betterment services and holding of civic betterment events for the enjoyment of residents of and visitors to Celebration, Florida.

Program Services

DescriptionGrantsExpenses
NOW SNOWING EVENT TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.$20,000$20,000
OKTOBERFEST EVENT TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.$12,000$12,000
SPRING ART FESTIVEL TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.$5,000$5,000
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
METIN NEGRINPresident-$0--
Filing and Contact Details

Filer

Filer Name
Hearts of Reality Inc
EIN
61-1937805
Phone
2127503500
Address
610 SYCAMORE ST 220, CELEBRATION, FL 34747

Signing Officer

Name
Metin Negrin
Title
President
Phone
2127503500
Signed
2024-11-14
Discuss with paid preparer
Yes

Preparer

Firm
The Colony Group LLC
Address
75 MAIN STREET SUITE 303, MILLBURN, NJ 07041
Preparer
Kristine Mccarthy
Phone
9732580303
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10 - Payments to Affiliates

“Affiliate name: lexin celebration. Affiliate address: 610 sycamore st #220 celebration, fl 34747. Amount of payment: 40,856.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: license and fees. Amount: 61.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: due to affiliated entity. Beg. Of year amount: 25,258. End of year amount: 25,258.”

Raw XML Appendix111 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0METIN NEGRIN
IRS990EZ/BooksInCareOfDetail/PhoneNum02127503500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0551 MADISON AVE 400
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd010022
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt06178
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06117
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt040856
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-61
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt06178
IRS990EZ/Form990TotalAssetsGrp/EOYAmt06117
IRS990EZ/GrantsAndSimilarAmountsPaidAmt040856
IRS990EZ/GrossReceiptsAmt040856
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-19080
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-19141
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-19080
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-19141
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0METIN NEGRIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt061
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OKTOBERFEST EVENT TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1NOW SNOWING EVENT TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2SPRING ART FESTIVEL TO PROVIDE CIVIC BETTERMENT SERVICES AND HOLDING OF CIVIC BETTERMENT EVENTS FOR THE ENJOYMENT OF RESIDENTS OF AND VISITORS TO CELEBRATION, FLORIDA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt120000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt25000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt120000
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt25000
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt025258
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt025258
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt040917
IRS990EZ/TotalProgramServiceExpensesAmt037000
IRS990EZ/TotalRevenueAmt040856
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AFFILIATE NAME: LEXIN CELEBRATION. AFFILIATE ADDRESS: 610 SYCAMORE ST #220 CELEBRATION, FL 34747. AMOUNT OF PAYMENT: 40,856.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: LICENSE AND FEES. AMOUNT: 61.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DUE TO AFFILIATED ENTITY. BEG. OF YEAR AMOUNT: 25,258. END OF YEAR AMOUNT: 25,258.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10 - PAYMENTS TO AFFILIATES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0METIN NEGRIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02127503500
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEARTS OF REALITY INC
ReturnHeader/Filer/BusinessNameControlTxt0HEAR
ReturnHeader/Filer/EIN0611937805
ReturnHeader/Filer/PhoneNum02127503500
ReturnHeader/Filer/USAddress/AddressLine1Txt0610 SYCAMORE ST 220
ReturnHeader/Filer/USAddress/CityNm0CELEBRATION
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd034747
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900751149
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THE COLONY GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt075 MAIN STREET SUITE 303
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILLBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007041
ReturnHeader/PreparerPersonGrp/PhoneNum09732580303
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRISTINE MCCARTHY
ReturnHeader/ReturnTs02024-11-15T10:40:53-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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