Hartford Village

Analysis

Hartford Village is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hartford Village reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.6m (+11%), an average of +2.6% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hartford Village sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Bishop Kellenberg Gardns for Senior Citizen Housing Develp Fund Inc ($1.6m), Walker Street Chung Pak Local Development ($1.6m) and Apostolic Christian Country Villa ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.1% and program service revenue 94% of the total. Other salaries and wages came to $111k. At year end it held assets of $13.3m against liabilities of $13.2m, net assets of $25k.