Civic Intelligence

Caring Hearts Incorporation

990 • Fiscal year 2024 • EIN 93-4188007

Jan 01, 2024 to Dec 31, 2024 • Filed on May 12, 2025

Organization Profile
117 SW Mulberry DrLake City, FL 32024

(407) 310-8144

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.83x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.13x

Higher debt load relative to revenue than 84% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

51st percentile

3.5%

Higher net margin than 51% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

99th percentile

$120,000

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 42.2% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$43,217

No earlier filing loaded for comparison.

Net Assets

$7,310

No earlier filing loaded for comparison.

Liabilities

$35,907

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin51st percentile

Revenue

$284,206

No earlier filing loaded for comparison.

Expenses

$274,352

No earlier filing loaded for comparison.

Net Income

$9,854

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60K$40K$20K$0Assets 2024: $43,217Liabilities 2024: $35,907Net Assets 2024: $7,3102024

Highlighted filing

2024

Assets$43,217
Liabilities$35,907
Net Assets$7,310
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2024: $284,206Expenses 2024: $274,352Net Income 2024: $9,8542024

Highlighted filing

2024

Revenue$284,206
Expenses$274,352
Net Income$9,854
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.1
Gross Receipts
$284,206
Mission and Program Overview

Mission

To help teens in transitioning into adulthood.

Group homes for teens

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,315$43,217▲ $32,902
Loans From Officers Directors$13,000$22,811▲ $9,811
Rtn Earn Endowment Incm Other Fnds$-2,685$7,310▲ $9,995
Total Assets$10,315$43,217▲ $32,902
Liabilities
Other Liabilities-$10,051-
Accounts Payable and Accrued Expenses-$3,045-
Total Liabilities$13,000$35,907▲ $22,907
Net Assets / Fund Balance
Total Net Assets Fund Balance$-2,685$7,310▲ $9,995
Total Liabilities and Net Assets / Fund Balance$10,315$43,217▲ $32,902
Compensation and Service Providers
Top Officer Pay99th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Sherri J SmithBodFT$120,000$120,000
Marquette D SmithBodFT$28,000$28,000

Board Members and Trustees

NameTitle
Elvin KelseyBod
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$284,206
Change in Net Assets
$9,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$196,072
Other Expenses$78,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$1,676$180,152-$181,828
Other Expenses$68,243--$68,243
Payroll Taxes-$14,244-$14,244
Fees for Services Accounting-$5,300-$5,300
All Other Expenses$1,000$1,413-$2,413
Insurance$2,119--$2,119
Office Expenses$205--$205
Total Functional Expenses$73,243$201,109$0$274,352
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$13,000$22,811▲ $9,811
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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

Part VI Line 11B

“No review was or will be conducted”

Part VI Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Caring Hearts Inc
EIN
93-4188007
In Care Of
% Sherri Smith
Phone
4073108144
Address
117 SW Mulberry Dr, Lake City, FL 32024

Signing Officer

Name
Sherri Smith
Title
Bod
Phone
4073108144
Signed
2025-05-12

Organization Details

Principal Officer
Sherri J Smith
Formed
2023
Legal Domicile
Fl
Voting Board Members
0
Independent Board Members
0
Employees
0
Raw XML Appendix238 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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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$43,217
Liabilities
$35,907
Net assets
$7,310
Revenue
$284,206
Expenses
$274,352
Net income
$9,854
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.43$0.36$0.07$2.84$2.74$0.10