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Hartfords Charities FY2020 filing

Not tax-deductible

Detroit, MIMutual-benefit / member-servingCommunity DevelopmentEIN 47-1428659Revenue $495K in FY2020

On file with the IRS18700 James Couzens Fwy, 48235-2573 · Detroit, MITax-exempt since Nov 2014

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

Mission: Form 990 Part I, line 1

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
4 of 5
filings with a surplus
Average surplus $99K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$118K
5% of total assets
Looks good: liabilities are 5% 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
$495K
Spent
$211K
To programs
0%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$495K
FY2020
Revenue by fiscal year
FY2020$495K
FY2021$600K
FY2022$479K
FY2023$489K
FY2024$16K
Expenses
$211K
FY2020
Expenses by fiscal year
FY2020$211K
FY2021$422K
FY2022$432K
FY2023$456K
FY2024$60K
Net assets
$2.2M
FY2020
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.3M
FY2023$2.2M
FY2024$1.9M

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 Nov 2014.

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

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
Rev Charles Cadams
Vice Chairma
$0Pt VII · Sec A
Linda D Forte
Direcrtor
$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 Hartfords Charities 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 neighborhoods.

Provided by the organization

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1 program · in their own filed words · FY2020
01

This represents activity for land owned and developed in the 7 mile and meyers area of the city of detroit.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$495K
Ln 12
Fees for servicesLn 2g$495K
Money outPt IX
$211K
Ln 25
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$387K
Total assetsLn 16$2.4M
LiabilitiesLn 26$118K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$495K
Total revenueLn 12$495K
Assets in detailPt X, end of year
CashLn 1$387K
Cash and savings togetherLn 1–2$387K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$3K
Total assetsLn 16$2.4M
LiabilitiesLn 26$118K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
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$290K$387K
Land, buildings, equipmentLn 10c$1.8M$1.9M
Total assetsLn 16$2.1M$2.4M
LiabilitiesLn 26$115K$118K
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$4K
InsuranceLn 23$12K
Other expenses (24a–d)Ln 24$177K
All other expensesLn 24e$18K
Total functional expensesLn 25$211K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $16K$60K−$44K$1.9M 990 PDF
FY2023 $489K$456K$33K$2.2M 990 PDF
FY2022 $479K$432K$46K$2.3M 990 PDF
FY2021 $600K$422K$177K$2.4M 990 PDF
FY2020 Viewing $495K$211K$283K$2.2M 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 (6 parts)
Part I · Summary $494,502 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $445,227$494,502
I-10 Investment income$0
I-11 Other revenuePrior year $126,637$0
I-12 Total revenuePrior year $571,864$494,502
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 $410,889$211,044
I-18 Total expensesPrior year $410,889$211,044
I-19 Revenue less expensesPrior year $160,975$283,458
Part VI · Governance 10 of 10 board members independent, 4 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-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 $494,502 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $494,502$494,502
VIII-12 Total revenueRelated to mission $494,502$494,502
Part IX · Statement of functional expenses $211,044 across 4 lines filed
IX-11g Other fees for services$4,475
IX-23 Insurance$11,891
IX-24 Other expenses (24a–d)$177,054
IX-24e All other expenses$17,624
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$211,044
Part X · Balance sheet $2,367,319 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $289,516$387,316
X-4 Accounts receivableStart of year $38,498$32,870
X-10c Land, buildings and equipment, netStart of year $1,818,090$1,944,280
X-15 Other assetsStart of year $2,853$2,853
X-16 Total assetsStart of year $2,148,957$2,367,319
X-17 Accounts payable and accrued expensesStart of year $34,109$30,748
X-25 Other liabilitiesStart of year $80,989$86,938
X-26 Total liabilitiesStart of year $115,098$117,686
X-27 Net assets without donor restrictionsStart of year $2,033,859$2,249,633
X-32 Total net assets or fund balancesStart of year $2,033,859$2,249,633
X-33 Total liabilities and net assetsStart of year $2,148,957$2,367,319
Part XI · Reconciliation of net assets $2,249,633 net assets at year end
XI-1 Total revenue$494,502
XI-2 Total expenses$211,044
XI-3 Revenue less expenses$283,458
XI-4 Net assets at start of year$2,033,859
XI-9 Other changes in net assets−$67,684
XI-10 Net assets at end of year$2,249,633

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

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