Civic Intelligence

Henry Ford Village Inc

EIN 38-3087328 • 501(c)3 • Birmingham, MI

Profile

Promotion of health for the elderly by providing a continuing care residential community located in Dearborn, Michigan with recreational, social, and religious activities for residents.

255 E Brown St 120Birmingham, MI 48009

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-100%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $17,115,339 (-100%) from 2021

Liabilities

Down

$0

Down $55,650,900 (-100%) from 2021

Net Assets

Up

$0

Up $38,535,561 (+100%) from 2021

Revenue

Down

$0

Down $84,991,852 (-100%) from 2021

Expenses

Down

$0

Down $43,392,023 (-100%) from 2021

Net Income

Down

$0

Down $41,599,829 (-100%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$100M$0-$100MAssets 2010: $129,572,588Liabilities 2010: $145,701,132Net Assets 2010: -$16,128,5442010Assets 2011: $115,565,326Liabilities 2011: $135,454,346Net Assets 2011: -$19,889,0202011Assets 2012: $111,684,345Liabilities 2012: $131,110,023Net Assets 2012: -$19,425,6782012Assets 2013: $104,594,476Liabilities 2013: $124,777,813Net Assets 2013: -$20,183,3372013Assets 2014: $99,766,551Liabilities 2014: $118,975,580Net Assets 2014: -$19,209,0292014Assets 2015: $96,672,006Liabilities 2015: $115,675,478Net Assets 2015: -$19,003,4722015Assets 2016: $91,491,214Liabilities 2016: $166,892,314Net Assets 2016: -$75,401,1002016Assets 2017: $103,075,042Liabilities 2017: $176,833,169Net Assets 2017: -$73,758,1272017Assets 2018: $100,386,517Liabilities 2018: $175,068,012Net Assets 2018: -$74,681,4952018Assets 2019: $97,327,981Liabilities 2019: $172,165,515Net Assets 2019: -$74,837,5342019Assets 2020: $91,957,416Liabilities 2020: $172,092,806Net Assets 2020: -$80,135,3902020Assets 2021: $17,115,339Liabilities 2021: $55,650,900Net Assets 2021: -$38,535,5612021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $38,456,9132010Revenue 2011: $38,317,600Expenses 2011: $37,418,474Net Income 2011: $899,1262011Expenses 2012: $37,346,0732012Revenue 2013: $36,061,195Expenses 2013: $36,684,745Net Income 2013: -$623,5502013Revenue 2014: $36,429,564Expenses 2014: $35,301,736Net Income 2014: $1,127,8282014Revenue 2015: $36,981,182Expenses 2015: $36,733,989Net Income 2015: $247,1932015Revenue 2016: $35,272,250Expenses 2016: $37,899,539Net Income 2016: -$2,627,2892016Revenue 2017: $38,005,401Expenses 2017: $36,043,335Net Income 2017: $1,962,0662017Revenue 2018: $39,354,587Expenses 2018: $40,036,901Net Income 2018: -$682,3142018Revenue 2019: $39,703,930Expenses 2019: $40,238,689Net Income 2019: -$534,7592019Revenue 2020: $34,541,749Expenses 2020: $39,885,962Net Income 2020: -$5,344,2132020Revenue 2021: $84,991,852Expenses 2021: $43,392,023Net Income 2021: $41,599,8292021Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022

Highlighted filing

2022

Revenue$0
Expenses$0
Net Income$0

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Feb 1, 2021 to Jan 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$0
Mission and Program Overview

Mission

Promotion of health for the elderly by providing a continuing care residential community located in dearborn, michigan with recreational, social, and religious activities for residents.

Finalizing the affairs of the liquidating estate.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$13,579,481$0▼ $13,579,481
Prepaid Expenses and Deferred Charges$720,833$0▼ $720,833
Accounts Receivable$6,597$0▼ $6,597
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$17,115,339$0▼ $17,115,339
Other Assets Total$2,808,428$0▼ $2,808,428
Liabilities
Other Liabilities$47,120,101$0▼ $47,120,101
Accounts Payable and Accrued Expenses$8,316,680$0▼ $8,316,680
Deferred Revenue$214,119$0▼ $214,119
Total Liabilities$55,650,900$0▼ $55,650,900
Net Assets / Fund Balance
Net Assets With Donor Restrictions$41,603,999$0▼ $41,603,999
Net Assets Without Donor Restrictions$-80,139,560$0▲ $80,139,560
Total Net Assets Fund Balance$-38,535,561$0▲ $38,535,561
Total Liabilities and Net Assets / Fund Balance$17,115,339$0▼ $17,115,339
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sheldon StoneLiquidating Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

The organization does not have any governing body as of january 19, 2022.

Form 990, Part VI, Section A, Line 8B

The organization does not have any other committees that can act on behalf of the governing body as of january 19, 2022.

Form 990, Part VI, Section B, Line 11B

The liquidating trustee will review the 2021 form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Compliance with the conflict of interest, whistleblower, and document retention and destruction policies was monitored by the managment company, life care services, llc. Board members sign a conflict of interest form on an annual basis.

Form 990, Part VI, Section B, Line 15

Management (henry ford village, inc. & life care services, llc) conducts market surveys on an annual basis to determine if a compensation adjustment is warranted. Based on this information mamanagment recommends annual salaries, typically a percentage increase from the prior year. The board approves the budget on an annual basis.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Henry Ford Village
EIN
38-3087328
Phone
2486332135
Address
255 E BROWN ST 120, BIRMINGHAM, MI 48009

Signing Officer

Name
Sheldon Stone
Title
Liquidating Trustee
Phone
2486332135
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheldon Stone
Formed
1992
Legal Domicile
Mi
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Baker Tilly US Llp
Address
790 N WATER STREET SUITE 2000, MILWAUKEE, WI 53202
Preparer
Troy Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

The organization ceased conducting its program services in september 2021.

FORM 990, PART XI, LINE 9:

Discharge due to banruptcy 38,535,561.

Raw XML Appendix337 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02808428
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IRS990/OtherChangesInNetAssetsAmt038535561
IRS990/OtherLiabilitiesGrp/BOYAmt047120101
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0720833
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IRS990/PYInvestmentIncomeAmt058244383
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS - 2020 AMOUNT: $ 65,454. 2021 AMOUNT: $ 3,566,631.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION WAS DISSOLVED AS OF JANUARY 19, 2022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART III, SHORT YEAR EXPLANATION:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CEASED CONDUCTING ITS PROGRAM SERVICES IN SEPTEMBER 2021.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY GOVERNING BODY AS OF JANUARY 19, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE ANY OTHER COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY AS OF JANUARY 19, 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE LIQUIDATING TRUSTEE WILL REVIEW THE 2021 FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPLIANCE WITH THE CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION AND DESTRUCTION POLICIES WAS MONITORED BY THE MANAGMENT COMPANY, LIFE CARE SERVICES, LLC. BOARD MEMBERS SIGN A CONFLICT OF INTEREST FORM ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MANAGEMENT (HENRY FORD VILLAGE, INC. & LIFE CARE SERVICES, LLC) CONDUCTS MARKET SURVEYS ON AN ANNUAL BASIS TO DETERMINE IF A COMPENSATION ADJUSTMENT IS WARRANTED. BASED ON THIS INFORMATION MAMANAGMENT RECOMMENDS ANNUAL SALARIES, TYPICALLY A PERCENTAGE INCREASE FROM THE PRIOR YEAR. THE BOARD APPROVES THE BUDGET ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DISCHARGE DUE TO BANRUPTCY 38,535,561.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt017115339
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt017115339
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055650900
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt055650900
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-38535561
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt00
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017115339
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0255 E BROWN STREET SUITE 120
IRS990/USAddress/CityNm0BIRMINGHAM
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048009
IRS990/VotingMembersGoverningBodyCnt01
IRS990/VotingMembersIndependentCnt01
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SHELDON STONE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0LIQUIDATING TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum02486332135
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENRY FORD VILLAGE
ReturnHeader/Filer/BusinessNameControlTxt0HENR
ReturnHeader/Filer/EIN0383087328
ReturnHeader/Filer/PhoneNum02486332135
ReturnHeader/Filer/USAddress/AddressLine1Txt0255 E BROWN ST 120
ReturnHeader/Filer/USAddress/CityNm0BIRMINGHAM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048009
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0390859910
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BAKER TILLY US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0790 N WATER STREET SUITE 2000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MILWAUKEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd053202
ReturnHeader/PreparerPersonGrp/PhoneNum04147775500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TROY MARINE CPA
ReturnHeader/ReturnTs02023-11-15T11:31:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHELDON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STONE
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-01-19
ReturnHeader/TaxYr02022

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