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Nonprofiteer
← HARTFORD VILLAGE

Form 990 for tax year 2023

Filed by HARTFORD VILLAGE.

Totals

Total revenue
$1,622,386
Total expenses
$1,735,275
Contributions and grants received
$82,500
Grants paid
$0
Program service revenue
$1,526,242
Investment income
$0
Other revenue
$13,644
Total assets, end of year
$13,261,249
Total liabilities, end of year
$13,236,446
Net assets or fund balances, end of year
$24,803
Program services expenses (Part IX)
$1,118,149
Management and general expenses
$617,126
Fundraising expenses
$0
Program service expenses (Part III)
$1,118,149

Program services were 64.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $82,500

  • 2a · Program service revenue: RENT REVENUE

    total $1,446,495 · related or exempt $1,446,495

  • 2b · Program service revenue: OTHER TENANT CHARGES

    total $79,747 · related or exempt $79,747

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $13,644 · related or exempt $13,644

  • 11e · Other revenue, total

    $13,644

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,007 · program services $22,032 · management and general $88,975

  • 8 · Pension plan contributions

    total $2,331 · management and general $2,331

  • 9 · Other employee benefits

    total $11,338 · program services $11,338

  • 10 · Payroll taxes

    total $9,589 · program services $9,589

  • 11a · Fees: management

    total $61,652 · management and general $61,652

  • 11b · Fees: legal

    total $1,549 · management and general $1,549

  • 11c · Fees: accounting

    total $10,750 · management and general $10,750

  • 11g · Fees: other

    total $226,245 · program services $226,245

  • 12 · Advertising and promotion

    total $4,241 · management and general $4,241

  • 13 · Office expenses

    total $10,233 · program services $4,491 · management and general $5,742

  • 16 · Occupancy

    total $188,046 · program services $188,046

  • 20 · Interest

    total $399,807 · management and general $399,807

  • 22 · Depreciation, depletion and amortization

    total $435,509 · program services $435,509

  • 23 · Insurance

    total $144,330 · program services $144,330

  • 24a · Other expenses: MISCELLANEOUS OPERATING

    total $76,594 · program services $76,569 · management and general $25

  • 24b · Other expenses: ELDERLY CARE

    total $42,054 · management and general $42,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $232,190 · end of year $49,460

  • 4 · Accounts receivable

    beginning of year $32,079 · end of year $111,257

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,883 · end of year $12,125

  • 10a · Land, buildings and equipment: cost or other basis

    $15,337,403

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,750,210

  • 10c · Land, buildings and equipment, net

    beginning of year $13,022,702 · end of year $12,587,193

  • 15 · Other assets

    beginning of year $384,412 · end of year $501,214

  • 17 · Accounts payable and accrued expenses

    beginning of year $319,838 · end of year $274,061

  • 23 · Secured mortgages and notes payable

    beginning of year $12,774,788 · end of year $12,546,685

  • 25 · Other liabilities

    beginning of year $452,948 · end of year $415,700

  • 27 · Net assets without donor restrictions

    beginning of year $137,692 · end of year $24,803

Mission and programs · 2023

Mission

DEVELOP AND OPERATE A MIXED INCOME SENIOR LIVING COMMUNITY

  • 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.

    Expenses $1,118,149 · Revenue $1,539,886

As filed on the 2023 return.

Listed in Part VII

  • RON SPEARS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • REV CHRISTIAN ADAMS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VIOLET PONDERS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ISAIAH LAPSLEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PAUL HUBBARD

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ARTELIA J GRIGGS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAMES FARMER

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BETTY DAVIS

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROGER L MYERS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • LARRY MATHEWS

    CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202441389349301024

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