Hartford Development Foundation: FY2022 Nonprofit Profile & Form 990 (EIN 38-3118322)

Revenue by fiscal year
FY2020	$50K
FY2021	$15K
FY2022	$48K
FY2023	$0
FY2024	$0

Expenses by fiscal year
FY2020	$474
FY2021	$3K
FY2022	$949
FY2023	$4K
FY2024	$8K

Net assets by fiscal year
FY2020	$603K
FY2021	$615K
FY2022	$658K
FY2023	$655K
FY2024	$674K

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.

100%

Program services 100% · $949

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

Revdr Charles G Adams

Chairman

$0Pt VII · Sec A

Dr William Anderson

Director

$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

Drlawrence Mathews

CFO

$0Pt VII · Sec A

Eric Peterson

Director

$0Pt VII · Sec A

Derrick Roman

Secretary

$0Pt VII · Sec A

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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.

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Provided by the organization

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1 program · $949 · in their own filed words · FY2022

01

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

$949program expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$48K

Ln 12

Other incomeLn 4–11$48K

Money outPt IX

$949

Ln 25

Programscol B$949

Owns and owesPt X

$658K

net assets · Ln 32

Cash and savingsLn 1–2$335K

Total assetsLn 16$658K

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$48K

Total revenueLn 12$48K

Assets in detailPt X, end of year

CashLn 1$335K

Cash and savings togetherLn 1–2$335K

InvestmentsLn 11–13$33K

Other assetsLn 15$290K

Total assetsLn 16$658K

LiabilitiesLn 26$0

Net assetsLn 32$658K

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$292K	$335K
InvestmentsLn 11–13	$33K	$33K
Total assetsLn 16	$615K	$658K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$615K	$658K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$949	$949
Total functional expensesLn 25	$949	$949	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$0	$8K	−$8K	$674K	990 PDF
FY2023	$0	$4K	−$4K	$655K	990 PDF
FY2022 Viewing	$48K	$949	$47K	$658K	990 PDF
FY2021	$15K	$3K	$12K	$615K	990 PDF
FY2020	$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 FY2022 990 (6 parts)

Part I · Summary $47,580 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenue$0

I-10 Investment incomePrior year $15,257$0

I-11 Other revenue$47,580

I-12 Total revenuePrior year $15,257$47,580

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $3,050$949

I-18 Total expensesPrior year $3,050$949

I-19 Revenue less expensesPrior year $12,207$46,631

Part VI · Governance 10 of 10 board members independent, 3 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $47,580 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $47,580$47,580

VIII-12 Total revenueExcluded from tax $47,580$47,580

Part IX · Statement of functional expenses $949 across 1 line filed

IX-11g Other fees for servicesPrograms $949$949

IX-25 Total functional expensesPrograms $949 · Management $0 · Fundraising $0$949

Part X · Balance sheet $658,157 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $292,265$335,395

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 $615,027$658,157

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $615,027$658,157

X-32 Total net assets or fund balancesStart of year $615,027$658,157

X-33 Total liabilities and net assetsStart of year $615,027$658,157

Part XI · Reconciliation of net assets $658,157 net assets at year end

XI-1 Total revenue$47,580

XI-2 Total expenses$949

XI-3 Revenue less expenses$46,631

XI-4 Net assets at start of year$615,027

XI-9 Other changes in net assets−$3,501

XI-10 Net assets at end of year$658,157

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Hartford Development Foundation FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Hartford Development Foundation

By the numbers

Filing history

Schedules filed Part IV