HEARTLAND REALTY LLC C/O WASHINGTON CAPITAL MANAGEMENT INC

EIN: 202901791 Community Improvement

Boston, MA

Total Revenue
$2,810,289
Total Expenses
N/A
Total Assets
$75,520,965
Net Assets
$47,694,102
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
DE
Principal Officer
RICHARD LEERET
Phone
6175268800
Tax Period
2024-01-01 to 2024-12-31

HEARTLAND REALTY LLC C/O WASHINGTON CAPITAL MANAGEMENT INC, founded in 2000, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

HOLDING OF TITLE TO PROPERTY WITH NET INCOME TURNED OVER TO THE OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS), A RELATED ORGANIZATION.

Program Service Accomplishments

Program 1

Heartland was organized to acquire, operate and own three industrial properties. Heartland's exclusive business activity is the rental of these properties. Heartland's exclusive purpose is to hold...

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Heartland was organized to acquire, operate and own three industrial properties. Heartland's exclusive business activity is the rental of these properties. Heartland's exclusive purpose is to hold title to the property with net income turned over to OPERS, a related organization.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $2,810,289
TOTAL REVENUE $2,810,289

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $2,810,289 $3,410,830 -0.2%
Expenses N/A N/A N/A
Net Income N/A $3,410,830 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD P LEERET PRESIDENT 1.0
Officer Director
$0 $0 $0
ROBERT M KOVECS TREASURER/SECRETARY 1.0
Officer Director
$0 $0 $0
JENNY GAGE VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
MICHAEL SIERRA VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,810,289 No data $75,520,965 No data
2023 $3,410,830 No data $70,311,057 No data
2022 $3,330,550 No data $63,733,610 No data
2021 $3,191,736 No data $52,565,983 No data
2020 $3,259,726 No data $53,034,052 No data
2019 $3,025,836 No data $52,956,085 No data
2018 $2,747,666 No data $50,106,915 No data
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