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The Lodge at Hover Crossing FY2021 filing

Tax-deductible

Longmont, CO501(c)(3)HousingEIN 20-8552632Revenue $341K in FY2021

On file with the IRSlongmontha.com350 Kimbark St, 80501-5500 · Longmont, COTax-exempt since Aug 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable housing to low income and elderly residents.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $158K a year · 45% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$6.7M
121% of total assets
Concern: liabilities are 121% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$341K
+17% vs prior year
Spent
$471K
To programs
79%
Net assets
−$1.2M
By yearFY2020–FY2024
Revenue
$341K
FY2021▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$293K
FY2021$341K
FY2022$348K
FY2023$380K
FY2024$405K
Expenses
$471K
FY2021▼ -0.9%
Tap a bar for its year
Expenses by fiscal year
FY2020$475K
FY2021$471K
FY2022$528K
FY2023$541K
FY2024$546K
Net assets
−$1.2M
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.0M
FY2021−$1.2M
FY2022−$1.4M
FY2023−$1.5M
FY2024−$1.7M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $372K Management & general 21% · $99K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Harold Dominguez
Interim Executive Director
$0Pt VII · Sec A
Debby Paris
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Thaxter Williams
Director (jan-Nov)
$0Pt VII · Sec A
Donna Lionberger
Director (jan-Nov)
$0Pt VII · Sec A
$0Pt VII · Sec A
Richard Siceloff
Director (jan)
$0Pt VII · Sec A
See The Lodge at Hover Crossing executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable homes for low-income seniors.

Questions for The Lodge at Hover Crossing

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Provided by the organization

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1 program · $372K · in their own filed words · FY2021
01

The Organization owns and operates a 50 unit low-income housing project in Longmont, Colorado that began operations in 2009 under HUD 202 program.

$372Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$341K
Ln 12
Fees for servicesLn 2g$341K
Investment incomeLn 3$365
Money outPt IX
$471K
Ln 25
Programscol B$372K
Managementcol C$99K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$5.5M
LiabilitiesLn 26$6.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$341K
Investment incomeLn 3$365
Total revenueLn 12$341K
Assets in detailPt X, end of year
CashLn 1$17K
SavingsLn 2$258K
Cash and savings togetherLn 1–2$274K
Land, buildings, equipmentLn 10c$5.2M
Total assetsLn 16$5.5M
LiabilitiesLn 26$6.7M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$270K$274K
Land, buildings, equipmentLn 10c$5.4M$5.2M
Total assetsLn 16$5.7M$5.5M
LiabilitiesLn 26$6.7M$6.7M
Net assetsLn 32−$1.0M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$49K$25K$24K
Other employee benefitsLn 9$716$716
Payroll taxesLn 10$17K$9K$8K
Management feesLn 11a$29K$29K
Legal feesLn 11b$214$214
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$53K$52K$586
Advertising and promotionLn 12$434$434
Office expensesLn 13$17K$5K$12K
Information technologyLn 14$2K$2K
OccupancyLn 16$46K$46K
TravelLn 17$26$10$16
Conferences, conventions and meetingsLn 19$102$47$55
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$176K$176K
InsuranceLn 23$32K$32K
Other expenses (24a–d)Ln 24$17K$11K$6K
All other expensesLn 24e$12K$10K$2K
Total functional expensesLn 25$471K$372K$99K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $405K$546K−$140K−$1.7M 990 PDF
FY2023 $380K$541K−$161K−$1.5M 990 PDF
FY2022 $348K$528K−$179K−$1.4M 990 PDF
FY2021 Viewing $341K$471K−$129K−$1.2M 990 PDF
FY2020 $293K$475K−$182K−$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $341,347 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $291,987$340,982
I-10 Investment incomePrior year $546$365
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $292,533$341,347
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $78,811$66,486
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $396,134$404,285
I-18 Total expensesPrior year $474,945$470,771
I-19 Revenue less expensesPrior year −$182,412−$129,424
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $341,347 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $340,982$340,982
VIII-3 Investment incomeExcluded from tax $365$365
VIII-12 Total revenueRelated to mission $340,982 · Unrelated business $0 · Excluded from tax $365$341,347
Part IX · Statement of functional expenses $470,771 across 18 lines filed
IX-7 Other salaries and wagesPrograms $25,465 · Management $23,769$49,234
IX-9 Other employee benefitsManagement $716$716
IX-10 Payroll taxesPrograms $8,996 · Management $7,540$16,536
IX-11a Management feesManagement $29,400$29,400
IX-11b Legal feesManagement $214$214
IX-11c Accounting feesManagement $15,560$15,560
IX-11g Other fees for servicesPrograms $52,405 · Management $586$52,991
IX-12 Advertising and promotionManagement $434$434
IX-13 Office expensesPrograms $4,958 · Management $11,833$16,791
IX-14 Information technologyManagement $1,589$1,589
IX-16 OccupancyPrograms $45,804$45,804
IX-17 TravelPrograms $10 · Management $16$26
IX-19 Conferences, conventions and meetingsPrograms $47 · Management $55$102
IX-20 InterestPrograms $4,777$4,777
IX-22 Depreciation, depletion and amortizationPrograms $176,360$176,360
IX-23 InsurancePrograms $31,739$31,739
IX-24 Other expenses (24a–d)Programs $10,714 · Management $5,884$16,598
IX-24e All other expensesPrograms $10,246 · Management $1,654$11,900
IX-25 Total functional expensesPrograms $371,521 · Management $99,250 · Fundraising $0$470,771
Part X · Balance sheet $5,495,156 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $33,288$16,542
X-2 Savings and temporary cash investmentsStart of year $236,405$257,920
X-4 Accounts receivableStart of year $4,477$522
X-9 Prepaid expenses and deferred chargesStart of year $7,971$13,518
X-10c Land, buildings and equipment, netStart of year $5,373,885$5,206,654
X-16 Total assetsStart of year $5,656,026$5,495,156
X-17 Accounts payable and accrued expensesStart of year $117,499$89,687
X-19 Deferred revenueStart of year $6,893$212
X-26 Total liabilitiesStart of year $6,704,017$6,672,571
X-27 Net assets without donor restrictionsStart of year −$1,047,991−$1,177,415
X-32 Total net assets or fund balancesStart of year −$1,047,991−$1,177,415
X-33 Total liabilities and net assetsStart of year $5,656,026$5,495,156
Part XI · Reconciliation of net assets −$1,177,415 net assets at year end
XI-1 Total revenue$341,347
XI-2 Total expenses$470,771
XI-3 Revenue less expenses−$129,424
XI-4 Net assets at start of year−$1,047,991
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,177,415

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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