Luella Hannan Memorial Home

Organization Overview

Luella Hannan Memorial Home is located in Detroit, MI. The organization was established in 1935. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Luella Hannan Memorial Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Luella Hannan Memorial Home generated $2.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES SUPPORT TO THE HANNAN CENTER, WHICH OPERATES A SENIOR SERVICE CENTER AND CONDUCTS PROGRAMS FOR SENIORS PURSUANT TO INTERNAL REVENUE SERVICE RULING DATED MARCH 12, 1997.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Advanced Lighting & Sound
$55,457
Security 101
$55,138
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $553,534
Interest on Savings $0
Dividends & Interest $470,279
Net Rental Income$0
Net Gain on Sale of Assets $1,191,391
Capital Gain Net Income $1,191,391
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,215,204

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Luella Hannan Memorial Home has recieved totaling $115,360.

Awarding OrganizationAmount
Detroit Area Agency On Aging

Detroit, MI

PURPOSE: SENIOR SERVICES

$76,213
Baldwin Society Supporting Older Adults

Birmingham, MI

PURPOSE: SERVICES TO ELDERLY

$15,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$14,147
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$10,000
View Grant Recipient Profile

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