Hanover Home Care
- Assets
- $381.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hastings, MI
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-2406904
Organization Overview
Hanover Home Care is located in Hastings, MI. The organization was established in 2012. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hanover Home Care 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 12/2023, Hanover Home Care generated $128.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $87.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PERSONALIZED CARE AND HOUSING FOR SPECIAL NEEDS INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bede Obasi Director | 10 | $0 | |
Pauline Obasi Secretary | 50 | $27,974 | |
Dozie Obasi Director | 12 | $6,731 | |
Jennifer Obasi Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $128,814 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $128,814 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $44,000 |
| Occupancy, rent, utilities, and maintenance | $12,676 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,310 |
| Total expenses | $86,986 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $156,946 |
| Other assets | $0 |
| Total assets | $381,412 |
| Total liabilities | $0 |
| Net assets or fund balances | $381,412 |