Civic Intelligence

Heart of Richard Foundation

EIN 87-2707926 • Willoughby Hills, OH

29010 Chardon RoadWilloughby Hills, OH 44092-1473
Siviq Scores

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

Liabilities / Assets

63rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

<$500k nonprofits • Source year 2024

Net Margin

45th percentile

-0.1%

Higher net margin than 45% of similar nonprofits.

<$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

<$500k nonprofits • Source year 2024

Asset Growth

35th percentile

-15%

Faster asset growth than 35% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

262%

Faster revenue growth than 96% of similar nonprofits.

<$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$633

Down $110 (-15%) from 2023

Liabilities

Down

$0

Down $1 (-100%) from 2023

Net Assets

Down

$633

Down $110 (-15%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin45th percentile

Revenue

Up

$79,300

Up $57,400 (+262%) from 2023

Expenses

Up

$79,410

Up $15,528 (+24%) from 2023

Net Income

Up

-$110

Up $41,872 (+100%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth35th percentile

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

$80K$60K$40K$20K$0Assets 2021: $62,410Liabilities 2021: $1Net Assets 2021: $62,4102021Assets 2022: $42,725Liabilities 2022: $1Net Assets 2022: $42,7252022Assets 2023: $743Liabilities 2023: $1Net Assets 2023: $7432023Assets 2024: $633Liabilities 2024: $0Net Assets 2024: $6332024

Highlighted filing

2024

Assets$633
Liabilities$0
Net Assets$633
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$150K$100K$50K$0-$50KRevenue 2021: $78,929Expenses 2021: $16,519Net Income 2021: $62,4102021Revenue 2022: $118,553Expenses 2022: $138,238Net Income 2022: -$19,6852022Revenue 2023: $21,900Expenses 2023: $63,882Net Income 2023: -$41,9822023Revenue 2024: $79,300Expenses 2024: $79,410Net Income 2024: -$1102024

Highlighted filing

2024

Revenue$79,300
Expenses$79,410
Net Income-$110
Open 2024 Filing

Filings

Most recent year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$633
Liabilities
$0
Net assets
$633
Revenue
$79,300
Expenses
$79,410
Net income
-$110
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.79$0.79$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.22$0.64$0.42
2022Detailed filing. Detailed filing data is available for this year.$0.43$0.00$0.43$1.19$1.38$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.62$0.00$0.62$0.79$0.17$0.62
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL GATTODirector, Pr-$0--
Filing and Contact Details

Filer

Filer Name
Heart of Richard Foundation
EIN
87-2707926
Phone
2166211800
Address
29010 CHARDON ROAD, WILLOUGHBY HILLS, OH 44092-1473

Signing Officer

Name
Michael Gatto
Title
Director, President
Phone
2166211800
Signed
2025-05-09
Discuss with paid preparer
Yes

Preparer

Firm
Colagiovanni & Greene Inc
Address
7840 MAYFIELD RD, CHESTERLAND, OH 44026
Preparer
Michael J Colagiovanni
Phone
4407298284
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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL GATTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR, PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02166211800
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEART OF RICHARD FOUNDATION
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ReturnHeader/ReturnTs02025-05-12T11:17:14-04:00
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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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