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Hartfords Charities FY2022 filing

Not tax-deductible

Detroit, MIMutual-benefit / member-servingCommunity DevelopmentEIN 47-1428659Revenue $479K in FY2022

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

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FY2022 · 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
17 mo
of spending, in cash
Looks good: 16.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$141K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$479K
-20% vs prior year
Spent
$432K
To programs
0%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$479K
FY2022▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$495K
FY2021$600K
FY2022$479K
FY2023$489K
FY2024$16K
Expenses
$432K
FY2022▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$211K
FY2021$422K
FY2022$432K
FY2023$456K
FY2024$60K
Net assets
$2.3M
FY2022▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.3M
FY2023$2.2M
FY2024$1.9M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$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
Mark White
Director
$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.

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Provided by the organization

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1 program · in their own filed words · FY2022
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 FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$479K
Ln 12
Fees for servicesLn 2g$461K
Other incomeLn 4–11$17K
Money outPt IX
$432K
Ln 25
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$598K
Total assetsLn 16$2.4M
LiabilitiesLn 26$141K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$461K
Other incomeLn 4–11$17K
Total revenueLn 12$479K
Assets in detailPt X, end of year
CashLn 1$598K
Cash and savings togetherLn 1–2$598K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$3K
Total assetsLn 16$2.4M
LiabilitiesLn 26$141K
Net assetsLn 32$2.3M
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 FY22End FY22
Cash and savingsLn 1–2$675K$598K
Land, buildings, equipmentLn 10c$1.9M$1.8M
Total assetsLn 16$2.5M$2.4M
LiabilitiesLn 26$120K$141K
Net assetsLn 32$2.4M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$6K
InsuranceLn 23$13K
Other expenses (24a–d)Ln 24$362K
All other expensesLn 24e$51K
Total functional expensesLn 25$432K$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 Viewing $479K$432K$46K$2.3M 990 PDF
FY2021 $600K$422K$177K$2.4M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $478,756 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $497,109$461,424
I-10 Investment income$0
I-11 Other revenuePrior year $102,646$17,332
I-12 Total revenuePrior year $599,755$478,756
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 $422,300$432,265
I-18 Total expensesPrior year $422,300$432,265
I-19 Revenue less expensesPrior year $177,455$46,491
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $478,756 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $461,424$461,424
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $17,332$17,332
VIII-12 Total revenueRelated to mission $478,756$478,756
Part IX · Statement of functional expenses $432,265 across 4 lines filed
IX-11g Other fees for services$6,245
IX-23 Insurance$13,220
IX-24 Other expenses (24a–d)$362,112
IX-24e All other expenses$50,688
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$432,265
Part X · Balance sheet $2,395,617 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $674,745$597,768
X-10c Land, buildings and equipment, netStart of year $1,864,030$1,794,996
X-15 Other assetsStart of year $2,853$2,853
X-16 Total assetsStart of year $2,547,236$2,395,617
X-17 Accounts payable and accrued expensesStart of year $14,788−$450
X-25 Other liabilitiesStart of year $105,360$141,915
X-26 Total liabilitiesStart of year $120,148$141,465
X-27 Net assets without donor restrictionsStart of year $2,427,088$2,254,152
X-32 Total net assets or fund balancesStart of year $2,427,088$2,254,152
X-33 Total liabilities and net assetsStart of year $2,547,236$2,395,617
Part XI · Reconciliation of net assets $2,254,152 net assets at year end
XI-1 Total revenue$478,756
XI-2 Total expenses$432,265
XI-3 Revenue less expenses$46,491
XI-4 Net assets at start of year$2,427,088
XI-9 Other changes in net assets−$219,427
XI-10 Net assets at end of year$2,254,152

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

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