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Hartford Development Foundation FY2020 filing

Not tax-deductible

Detroit, MIMutual-benefit / member-servingEIN 38-3118322

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To own and develop land in the area of 7 mile and meyers within the city of detroit.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 5
filings with a surplus
Average surplus $19K a year · 86% of revenue · last 5 filings
Worth a look: a surplus in 3 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
Cash reserves
7090 mo
of spending, in cash
Looks good: 7090.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$50K
Spent
$474
To programs
100%
Net assets
$603K
By yearFY2020–FY2024
Revenue
$50K
FY2020
Revenue by fiscal year
FY2020$50K
FY2021$15K
FY2022$48K
FY2023$0
FY2024$0
Expenses
$474
FY2020
Expenses by fiscal year
FY2020$474
FY2021$3K
FY2022$949
FY2023$4K
FY2024$8K
Net assets
$603K
FY2020
Net assets by fiscal year
FY2020$603K
FY2021$615K
FY2022$658K
FY2023$655K
FY2024$674K

From the FY2020 Form 990 · see the original

Form 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 Feb 1993.

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% · $474

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Revcharles Cadams
Vice Chairma
$0Pt VII · Sec A
Linda Dforte
Director
$0Pt VII · Sec A
John James
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Derrick Roman
Secretary
$0Pt VII · Sec A
See Hartford Development Foundation executive salaries →

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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

Develops and owns land in Detroit's 7 Mile and Meyers area.

Provided by the organization

This section is blank until Hartford Development Foundation claims this page.

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1 program service account for $474 of program spending, described in the organization's own filed words · FY2020.
01

To own and develop land for the community of that area.

$474program expense

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By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$50K
Ln 12
Other incomeLn 4–11$50K
Money outPt IX
$474
Ln 25
Programscol B$474
Owns and owesPt X
$603K
net assets · Ln 32
Cash and savingsLn 1–2$280K
Total assetsLn 16$603K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$50K
Total revenueLn 12$50K
Assets in detailPt X, end of year
CashLn 1$280K
Cash and savings togetherLn 1–2$280K
InvestmentsLn 11–13$33K
Other assetsLn 15$290K
Total assetsLn 16$603K
LiabilitiesLn 26$0
Net assetsLn 32$603K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$268K$280K
InvestmentsLn 11–13$33K$33K
Total assetsLn 16$591K$603K
LiabilitiesLn 26$0$0
Net assetsLn 32$591K$603K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$474$474
Total functional expensesLn 25$474$474$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$8K−$8K$674K 990 PDF
FY2023 $0$4K−$4K$655K 990 PDF
FY2022 $48K$949$47K$658K 990 PDF
FY2021 $15K$3K$12K$615K 990 PDF
FY2020 Viewing $50K$474$50K$603K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $49,995 across 2 lines filed
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $49,995$49,995
VIII-12 Total revenueExcluded from tax $49,995$49,995
Part IX · Statement of functional expenses $474 across 1 line filed
IX-11g Other fees for servicesPrograms $474$474
IX-25 Total functional expensesPrograms $474 · Management $0 · Fundraising $0$474
Part X · Balance sheet $602,820 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $268,037$280,058
X-11 Publicly traded securitiesStart of year $32,903$32,903
X-15 Other assetsStart of year $289,859$289,859
X-16 Total assetsStart of year $590,799$602,820
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $590,799$602,820
X-32 Total net assets or fund balancesStart of year $590,799$602,820
X-33 Total liabilities and net assetsStart of year $590,799$602,820
Part XI · Reconciliation of net assets $602,820 net assets at year end
XI-1 Total revenue$49,995
XI-2 Total expenses$474
XI-3 Revenue less expenses$49,521
XI-4 Net assets at start of year$590,799
XI-9 Other changes in net assets−$37,500
XI-10 Net assets at end of year$602,820

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

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