Hannan
- Assets
- $210.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4810239
Organization Overview
Hannan is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hannan 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 12/2023, Hannan generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 15.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HANNAN CENTER'S MISSION IS TO PRESERVE THE DIGNITY AND ENHANCE THE QUALITY OF LIFE OF SENIORS IN MICHIGAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A SENIOR SERVICE CENTER AND THE CONDUCT OF PROGRAMS FOR SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Brouwer President | OfficerTrustee | 0.5 | $0 |
Thomas Jankowski Vice-President | OfficerTrustee | 0.5 | $0 |
Lenora Hardy Foster Treasurer | OfficerTrustee | 0.5 | $0 |
Marcia Baum Secretary | OfficerTrustee | 0.5 | $0 |
Larry Bryant Trustee | Trustee | 0.5 | $0 |
Beverly Burns Trustee | Trustee | 0.5 | $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 | $795,067 |
| Noncash contributions included in lines 1a–1f | $13,358 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $795,067 |
| Total Program Service Revenue | $136,704 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $231,149 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,237 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,180,157 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $389,358 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,640 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,641 |
| Advertising and promotion | $32,540 |
| Office expenses | $8,203 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,915 |
| Interest | $198,366 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $39,175 |
| All other expenses | $53,709 |
| Total functional expenses | $1,201,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,934 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $117,666 |
| Accounts receivable, net | $75,754 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,950 |
| Prepaid expenses and deferred charges | $3,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $210,254 |
| Accounts payable and accrued expenses | $12,978 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,978 |
| Net assets without donor restrictions | -$165,652 |
| Net assets with donor restrictions | $362,928 |
| 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 | $210,254 |