Mlk Cooperative INC FY2020 filing

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Low income housing within the city of hartford, connecticut.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $307K a year · 88% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
60% of total assets
Fine: liabilities are 60% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$752K
Spent
$853K
To programs
100%
Net assets
$872K
By yearFY2020–FY2024
Revenue
$752K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$752K
FY2021$722K
FY2022$271K
FY2023$0
FY2024$0
Expenses
$853K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$853K
FY2021$731K
FY2022$749K
FY2023$944K
FY2024$3K
Net assets
$872K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$872K
FY2021$863K
FY2022$385K
FY2023−$559K
FY2024$0

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $853K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Mlk Cooperative INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for low-income residents in Hartford, Connecticut.

Questions for Mlk Cooperative INC

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1 program · $853K · in their own filed words · FY2020
01

To promote and undertake primarily low income housing within the city of hartford, connecticut, and specifically to acquire, rehabilitate, own and operate a housing complex at 94 van block avenue.

$853Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$752K
Ln 12
Fees for servicesLn 2g$752K
Money outPt IX
$853K
Ln 25
Programscol B$853K
Owns and owesPt X
$872K
net assets · Ln 32
Cash and savingsLn 1–2$130K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$752K
Total revenueLn 12$752K
Assets in detailPt X, end of year
CashLn 1$130K
Cash and savings togetherLn 1–2$130K
Accounts receivableLn 4$50K
Prepaid expenses and deferred chargesLn 9$960
Land, buildings, equipmentLn 10c$2.0M
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.3M
Net assetsLn 32$872K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$57K$130K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$1.2M$1.3M
Net assetsLn 32$974K$872K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$130K$130K
Management feesLn 11a$32K$32K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$20K$20K
Office expensesLn 13$2K$2K
OccupancyLn 16$356K$356K
InterestLn 20$55K$55K
Depreciation, depletion and amortizationLn 22$210K$210K
InsuranceLn 23$44K$44K
Total functional expensesLn 25$853K$853K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 15, 2025 $0$3K−$3K$0 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $0$944K−$944K−$559K 990 PDF
FY2022Filed with the IRS Oct 23, 2023 $271K$749K−$478K$385K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $722K$731K−$9K$863K 990 PDF
FY2020 ViewingFiled with the IRS Oct 27, 2021 $752K$853K−$101K$872K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $751,634 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $715,371$751,634
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $715,371$751,634
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $143,043$129,669
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $763,879$723,371
I-18 Total expensesPrior year $906,922$853,040
I-19 Revenue less expensesPrior year −$191,551−$101,406
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $751,634 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $751,634$751,634
VIII-12 Total revenueRelated to mission $751,634 · Unrelated business $0 · Excluded from tax $0$751,634
Part IX · Statement of functional expenses $853,040 across 9 lines filed
IX-7 Other salaries and wagesPrograms $129,669$129,669
IX-11a Management feesPrograms $31,714$31,714
IX-11b Legal feesPrograms $4,425$4,425
IX-11c Accounting feesPrograms $20,366$20,366
IX-13 Office expensesPrograms $2,010$2,010
IX-16 OccupancyPrograms $356,357$356,357
IX-20 InterestPrograms $54,939$54,939
IX-22 Depreciation, depletion and amortizationPrograms $209,672$209,672
IX-23 InsurancePrograms $43,888$43,888
IX-25 Total functional expensesPrograms $853,040 · Management $0 · Fundraising $0$853,040
Part X · Balance sheet $2,181,360 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $57,065$130,356
X-4 Accounts receivableStart of year $43,093$50,435
X-9 Prepaid expenses and deferred chargesStart of year $960$960
X-10c Land, buildings and equipment, netStart of year $2,110,611$1,999,609
X-16 Total assetsStart of year $2,211,729$2,181,360
X-17 Accounts payable and accrued expensesStart of year $322,128$204,781
X-23 Secured mortgages and notes payableStart of year $915,857$1,104,241
X-26 Total liabilitiesStart of year $1,237,985$1,309,022
X-27 Net assets without donor restrictionsStart of year $973,744$872,338
X-32 Total net assets or fund balancesStart of year $973,744$872,338
X-33 Total liabilities and net assetsStart of year $2,211,729$2,181,360
Part XI · Reconciliation of net assets $872,338 net assets at year end
XI-1 Total revenue$751,634
XI-2 Total expenses$853,040
XI-3 Revenue less expenses−$101,406
XI-4 Net assets at start of year$973,744
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$872,338

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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