Nonprofit · EIN 20-2901791
HEARTLAND REALTY LLC
Tax-exempt · BOSTON, MA 02110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,810,289 | $0 | $2,810,289 | $75,520,965 | $27,826,863 | $47,694,102 |
| December 31, 2023 | 990 | $3,410,830 | $0 | $3,410,830 | $70,311,057 | $10,753,063 | $59,557,994 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- $2,810,289
- Other revenue
- $2,810,289
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $70,311,057
- Total assets, end of year
- $75,520,965
- Total liabilities, end of year
- $27,826,863
- Net assets, end of year
- $47,694,102
- Land, buildings and equipment
- $74,600,000
- Gross receipts
- $6,809,465
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD P LEERET | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT M KOVECS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
| JENNY GAGE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL SIERRA | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICHARD LEERET | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ROBERT M KOVECS | TREASURER/SECRETARY Trustee or director, Officer | 1 | $0 |
| JENNY GAGE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 260 FRANKLIN ST STE 1500, BOSTON, MA 02110-3131
- In care of
- % ROBERT KOVECS
- Principal officer (990 for 2024)
- RICHARD LEERET, 260 FRANKLIN ST SUITE 1900, Boston, MA 02110
- Signed the 990
- RICHARD LEERET, SENIOR VP
- Phone
- (617) 526-8800
- Website
- www.wa-cap.com
- Return prepared by
- ERNST & YOUNG US LLP
Mission
HOLDING OF TITLE TO PROPERTY WITH NET INCOME TURNED OVER TO THE OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM (OPERS), A RELATED ORGANIZATION.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2901791
- Tax-exempt status
- 501(c)(2): Title-holding corporation
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $75,520,965
- Income (IRS master file)
- $6,809,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,810,289 | $0 | $75,520,965 | XML |
| 990 | December 2023 | $3,410,830 | $0 | $70,311,057 | XML |
| 990 | December 2022 | $3,330,550 | $0 | $63,733,610 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2901791).
Questions about HEARTLAND REALTY LLC
- What is the EIN of HEARTLAND REALTY LLC?
- The employer identification number (EIN) of HEARTLAND REALTY LLC is 20-2901791.
- Is HEARTLAND REALTY LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(2) since 2006.
- Are donations to HEARTLAND REALTY LLC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HEARTLAND REALTY LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEARTLAND REALTY LLC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEARTLAND REALTY LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HEARTLAND REALTY LLC?
- The 990 for the year ended December 31, 2024 names RICHARD LEERET.
- Who are the officers and directors of HEARTLAND REALTY LLC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does HEARTLAND REALTY LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,810,289, expenses of $0 and total assets of $75,520,965 at year end.
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All nonprofits in BOSTON · Massachusetts · Community improvement and capacity building