Mission
PROVIDING RESOURCES, EMPOWERING ENTREPRENEURS, BUILDING COMMUNITIES.
Public Charity
HEDCO INC
Based in HARTFORD, CT, HEDCO INC operates as a Public Charity. The organization reported $4.0M in revenue, $4.8M in expenses, $35.8M in total assets for fiscal year 2025. Imperigo tracks 9 reported grant relationships connected to this organization totaling approximately $479K.
EIN: 060919160
HARTFORD, CT
Economic Development
NTEE: S30
Latest filing: 2025
Total Revenue$4.0M
Total Expenses$4.8M
Total Assets$35.8M
Grant Records9
Funding Total$479K
Filing Years2021–2025
Where $100 goes at Hedco Inc
How Hedco Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.
$86
Programs
the work itself
$14
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $86 for programs
$86
Loan programs provide small business clientele with access to capital needs that would be otherwise un-met or under-served
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
GENERAL SUPPORT
$10,000
GENERAL OPERATING SUPPORT
$300,250
ECONOMIC DEVELOPMENT
$5,000
GENERAL SUPPORT
$10,000
CAPACITY BUILDING
$35,000
Showing up to 5 of 9 total records — full history available with membership.
Officers & Directors
DIRECTOR
Alan Lazowski
DIRECTOR
Ana Alfaro
DIRECTOR
Andreas Kapetanopoulos
CHAIRPERSON
Barbara Randolph
SECRETARY
Edward J Samorajczyk
VICE CHAIR
Eric M Bauer
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.0M | $4.8M | $35.8M |
| 2024 | $4.9M | $5.7M | $34.5M |
| 2023 | $4.5M | $3.2M | $35.6M |
| 2022 | $3.2M | $3.6M | $31.6M |
| 2021 | $7.6M | $6.2M | $31.6M |
Between 2021 and 2025, reported annual revenue declined from $7.6M to $4.0M (-47%), with total assets most recently reported at $35.8M.
Interactive year-over-year charts and full filing details available with membership.