Luella Hannan Memorial Home
- Assets
- $23.1m
- Revenue
- $2.2m
- Investments
- $17.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/1935
- Data as of
- 12/2021
- EIN
- 38-1358386
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.
Form
990PF
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Tilford Executive Director | 39 | $181,030 | |
Carole Morisseau Trustee | 0.5 | $0 | |
Deborah Brouwer President | 0.5 | $0 | |
Larry Bryant Trustee | 0.5 | $0 | |
Ruth Dunkle Trustee | 0.5 | $0 | |
Randall Charlton Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Security 101 | 12/30/21 | $55,138 |
Advanced Lighting & Sound | 12/30/21 | $55,457 |
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 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $181,030 |
| Other employee salaries and wages | $638,068 |
| Pension plans, employee benefits | $152,210 |
| Interest | $0 |
| Taxes | $70,013 |
| Depreciation | $190,367 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,341,885 |
| Contributions, gifts, grants paid | $242,927 |
| Total expenses and disbursements | $1,584,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $264,962 |
| Savings and temporary cash investments | $758,062 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $18,923 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,592 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $12,483,523 |
| Net Land, buildings, and equipment | $4,428,879 |
| Other assets | $0 |
| Total assets | $23,131,052 |
| Accounts payable and accrued expenses | $283,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $3,807,052 |
| Other liabilities | $151,687 |
| Total liabilities | $4,242,513 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Luella Hannan Memorial Home has recieved totaling $115,360.
| Awarding Organization | Amount |
|---|---|
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin County Historical Society Columbus, OH | $23,539,656 | $19,471,266 |
Indiana Historical Society Indianapolis, IN | $152,627,726 | $15,739,974 |
Sunset Memorial Park Association North Olmsted, OH | $79,187,854 | $7,193,716 |
Historic Landmarks Foundation Of Indiana Inc Indianapolis, IN | $92,679,775 | $11,879,556 |
Cuyahoga Valley Preservation And Scenic Railway Association Peninsula, OH | $11,093,810 | $8,580,241 |
Western Reserve Historical Society Cleveland, OH | $45,747,344 | $9,269,565 |
Stan Hywet Hall & Gardens Inc Akron, OH | $11,720,685 | $5,111,685 |
American Opinion Foundation Inc Appleton, WI | $4,682,811 | $5,136,878 |
Arlington Memorial Gardens Assoc Inc Cincinnati, OH | $20,107,883 | $6,307,939 |
Hudson Library & Historical Society Hudson, OH | $7,551,433 | $4,693,628 |
Old Tiger Stadium Conservancy Detroit, MI | $90,494 | $3,111,920 |
Thomas J Emery Memorial Cincinnati, OH | $34,932,147 | $4,221,495 |