Hartford Village
- Assets
- $14.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Southfield, MI
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 47-1404100
Organization Overview
Hartford Village is located in Southfield, MI. The organization was established in 2014. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hartford Village is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hartford Village generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 65.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP AND OPERATE A MIXED INCOME SENIOR LIVING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING SENIOR HOUSING AND SERVICES WHERE SENIORS ARE ABLE TO ACHIEVE THE BEST POSSIBILITIES AND PURPOSES IN LIFE, AND HAVE RELIEF FROM THE STRESS OF OLD AGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Mathews Treasurer | OfficerTrustee | 1 | $0 |
Roger L Myers Vice Chair | OfficerTrustee | 1 | $0 |
Ronald L Spears Chair | OfficerTrustee | 1 | $0 |
Vicki Morton Member | Trustee | 1 | $0 |
Paul Hubbard Member | Trustee | 1 | $0 |
Isaiah Lapsley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
| Total Program Service Revenue | $1,447,321 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,569,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $160,412 |
| Pension plan accruals and contributions | $1,240 |
| Other employee benefits | $2,095 |
| Payroll taxes | $12,002 |
| Fees for services: Management | $57,530 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $155,967 |
| Advertising and promotion | $574 |
| Office expenses | $7,594 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,621 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $376,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $464,270 |
| Insurance | $91,221 |
| All other expenses | $0 |
| Total functional expenses | $1,552,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $187,327 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,413 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,987 |
| Net Land, buildings, and equipment | $13,370,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $343,143 |
| Total assets | $13,955,470 |
| Accounts payable and accrued expenses | $245,196 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,995,240 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $515,856 |
| Total liabilities | $13,756,292 |
| Net assets without donor restrictions | $199,178 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,955,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Over The Rhine Community Housing Cincinnati, OH | $24,358,276 | $7,722,304 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Lacasa Of Goshen Inc Goshen, IN | $26,643,418 | $6,732,087 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Creative Housing Inc Columbus, OH | $43,851,773 | $5,323,506 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |
Regina Manor Apartments Inc Toledo, OH | $0 | $7,363 |
Preservation Housing Partners Bloomfield Hills, MI | $17,748,211 | $4,586,755 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |