Skip to content
Nonprofiteer
← HAZELTON DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by HAZELTON DEVELOPMENT CORPORATION.

Totals

Total revenue
$70,364
Total expenses
$8,682
Contributions and grants received
$114,452
Grants paid
$8,500
Program service revenue
$0
Investment income
$110
Other revenue
-$44,198
Total assets, end of year
$706,007
Total liabilities, end of year
$74,903
Net assets or fund balances, end of year
$631,104
Program services expenses (Part IX)
$8,682
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$8,682

Program services were 100.0% 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.

  • 1c · Fundraising events

    $15,877

  • 1e · Government grants (contributions)

    $27,621

  • 1f · All other contributions, gifts and grants

    $70,954

  • 3 · Investment income

    total $110 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $28,800

  • 6b · Less rental expenses

    real property $68,180

  • 6c · Rental income or loss

    real property -$39,380

  • 6d · Net rental income or loss

    total -$39,380 · related or exempt -$39,380

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $15,877

  • 8b · Fundraising events: direct expenses

    $4,818

  • 8c · Net income from fundraising events

    total -$4,818 · unrelated business $0 · excluded -$4,818

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,500 · program services $8,500

  • 13 · Office expenses

    total $16 · program services $16 · management and general $0 · fundraising $0

  • 24a · Other expenses: Dues & Subscriptions

    total $166 · program services $166 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,052 · end of year $20,424

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

    $1,202,983

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

    $517,400

  • 10c · Land, buildings and equipment, net

    beginning of year $690,223 · end of year $685,583

  • 22 · Loans and payables to officers and key people

    beginning of year $13,149

  • 23 · Secured mortgages and notes payable

    beginning of year $104,087 · end of year $69,929

  • 25 · Other liabilities

    beginning of year $15,616 · end of year $4,974

  • 27 · Net assets without donor restrictions

    beginning of year $564,369 · end of year $623,349

  • 28 · Net assets with donor restrictions

    beginning of year $5,054 · end of year $7,755

Mission and programs · 2023

Mission

Economic Development

  • Rental of Commerical Space in Hazelton

    Revenue $28,800

  • Operation of Coffee Shop in Hazelton and Fundraising Events

    Revenue $15,876

  • Promote residential and commerical growth in Hazelton

    Expenses $8,682 · Grants $8,500

As filed on the 2023 return.

Listed in Part VII

  • Bev Voller

    President

    Total calculated
    $0
    Hours/week
    10

  • Russell Schick

    Vice President

    Total calculated
    $0
    Hours/week
    10

  • Gloria Pederson

    Secretary

    Total calculated
    $0
    Hours/week
    10

  • Don Davis

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Dean Wiess

    Director

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

  • HMB Grocery Store LLC

    $8,500

    Operating Costs

Provenance

Return type
form_990
Tax year
2023
Filed
24 July 2024
IRS schema version
2023v5.1
Source object
202442069349300644

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.