Hover Community Inc
- Assets
- $4.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 58
- Location
- Longmont, CO
- Founding
- 05/1983
- Data as of
- 06/2021
- EIN
- 84-0890971
Organization Overview
Hover Community Inc is located in Longmont, CO. The organization was established in 1983. 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. As of 06/2021, Hover Community Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hover Community Inc 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 06/2021, Hover Community Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.3m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOVER COMMUNITY PROVIDES FACILITIES AND SERVICES FOR THE BENEFIT OF THE GENERAL PUBLIC.THE ORGANIZATION OPERATES AN ASSISTED LIVING RESIDENCE FOR THE ELDERLY AND HANDICAPPED AND OVERSEES THE CONTINUING DEVELOPMENT OF A RETIREMENT CAMPUS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOVER COMMUNITY PROVIDES HOUSING AND HEALTH SERVICES FOR PERSONS SIXTY-TWO YEARS OF AGE AND OLDER. THE ORGANIZATION OPERATES A FIFTY-ONE UNIT ASSISTED LIVING RESIDENCE AND PROVIDES PERSONAL CARE SERVICES FOR THE ELDERLY AND HANDICAPPED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Czolowski Chief Executive Officer | Officer | 15 | $90,017 |
Lisa Gau Chief Financial Officer | Officer | 15 | $57,599 |
Nancy Schwalm Chairman | OfficerTrustee | 1 | $0 |
John Fallon Vice Chairman | OfficerTrustee | 1 | $0 |
Marty Block Treasurer | OfficerTrustee | 1 | $0 |
Lois Boschee Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $274,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,708 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $302,302 |
| Total Program Service Revenue | $1,803,123 |
| Investment income | $971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,828 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,110,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,616 |
| Compensation of current officers, directors, key employees. | $23,619 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,082,084 |
| Pension plan accruals and contributions | $12,847 |
| Other employee benefits | $78,101 |
| Payroll taxes | $100,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,677 |
| Fees for services: Accounting | $11,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $115,590 |
| Advertising and promotion | $5,072 |
| Office expenses | $0 |
| Information technology | $9,502 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,180 |
| Insurance | $45,151 |
| All other expenses | $115,585 |
| Total functional expenses | $2,261,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,182 |
| Savings and temporary cash investments | $820,790 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,279,855 |
| Inventories for sale or use | $1,670 |
| Prepaid expenses and deferred charges | $6,534 |
| Net Land, buildings, and equipment | $1,795,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,783 |
| Total assets | $4,077,526 |
| Accounts payable and accrued expenses | $110,321 |
| Grants payable | $0 |
| Deferred revenue | $13,072 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $647,993 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $771,386 |
| Net assets without donor restrictions | $3,296,140 |
| Net assets with donor restrictions | $10,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,077,526 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Methodist Homes Inc Topeka, KS | $38,028,666 | $24,626,629 |
The Tulsa Jewish Community Retirement And Health Care Center Tulsa, OK | $24,377,632 | $17,313,763 |
Mennonite Board Of Missions & Charities Of Kansas Inc Hesston, KS | $29,196,867 | $18,910,402 |
St Simeons Episcopal Home Inc Tulsa, OK | $25,094,852 | $15,031,463 |
Shalom Park Aurora, CO | $9,949,868 | $15,419,894 |
Kansas Masonic Home Wichita, KS | $41,682,488 | $16,141,019 |
La Loma Senior Living Services Inc Sun City West, AZ | $72,446,554 | $11,270,644 |
Arizona Retirement Centers Inc Sierra Winds Life Care Community Peoria, AZ | $31,961,746 | $16,129,321 |
Lifestream Complete Senior Living Inc Youngtown, AZ | $29,507,597 | $16,070,486 |
Florence Home For The Aged Omaha, NE | $5,548,630 | $13,264,591 |
Christian Retirement Homes Inc Lincoln, NE | $30,882,827 | $12,805,842 |
El Castillo Retirement Residences Santa Fe, NM | $122,205,602 | $11,771,221 |