Hanover Arc Incorporated EIN 54-0975872

Hanover Arc Incorporated

EIN  54-0975872 Public charity (501(c)(3)) Glen Allen, VA
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Size
$100K–1M
What they do
Advocates for rights and services for people with developmental disabilities.
Leadership
Diane Gallegos · Executive Di · $51K
Money in and out
$476K revenue, $251K expenses
Bottom line
89% program efficiency

Advocates for rights and services for people with developmental disabilities. For fiscal year 2025 it reported $476K in revenue, $251K in expenses, and $599K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$476K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$599K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $225K
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.08 Fundraising $0.04
Program efficiency
89%
of spending reaches programs▲ +10% vs prior filing year
Surplus margin
+47%
revenue over expenses, this year▲ +297% vs prior filing year
Revenue trend
+62%
avg. annual growth over 5 years

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$476K
FY2025▲ +42%
Expenses
$251K
FY2025▼ -15%
Total assets
$602K
FY2025▲ +60%
Total liabilities
$3K
FY2025▼ -69%
Total revenue
$476K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$599K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$225K
Total assetsPt X · Ln 16$602K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

2 program services account for $223K of program spending, described in the organization's own filed words · FY2024.
01

Hanover arc, inc operates a thrift store which is devoted to supporting the organization through the sale of goods donated by volunteers and supporters. Additionally, the thrift store helps those in the community purchase items and presents the opportunity to educate the public about the organization's missions.

$214Kprogram expense
02

Education and recreation programs for people with development disabilities, respite care and furnishing special equipment for needy children.

$9Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHanover Arc Incorporated
EINHdr · item D54-0975872
Principal addressHdr · item CGlen Allen, VA
WebsiteHdr · item Jthearcofhanover.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P82Z)
Ruling yearIRS BMFSep 1975

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Di
$50,731Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Diane Gallegos’s $51K as Executive Di is at the 38th percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Diane Gallegos$50,731$44,475
Mary Ann Stamey$26,978
Diane Gallegos$18,375

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$469K · 99%
Investment income$7K · 1%
Contributions & grants99%$469K
Investment income1%$7K
Other revenue$203
Total revenueLn 12$476K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.08 Fundraising $0.04
Program services89%$223K
Management & general8%$19K
Fundraising4%$9K
Total functional expensesLn 25$251K

Balance Sheet

Part X · end of year
CashLn 1$204K
Total assetsLn 16$602K
Total liabilitiesLn 26$3K
Total net assetsLn 32$599K
Months of cash on handcomputed9.7

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $464K · Operating expenses (Pt IX) $251K · Less non-cash grants $424K · Cash operating expenses/yr $-173K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $223K · Total expenses $251K
89%
Management & General
Management & general $19K · Total expenses $251K
8%
Fundraising
Fundraising $9K · Total expenses $251K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $42K · Solicited contributions (3-yr avg) $221K
$0.19 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $469K · Total revenue $476K
99%
Government reliance
Government grants — · Total revenue $476K
Earned-income share
Program service revenue $0 · Total revenue $476K
0%
Investment reliance
Investment income $7K · Total revenue $476K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $251K
0%
Growth & trend
Revenue growth (YoY)
This year $476K · Prior year $335K
+42%
Revenue CAGR
FY2020 $70K · FY2024 $476K
+62%
Net-asset trend (YoY)
End of year $599K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $476K · Expenses $251K
+47%
Liabilities-to-Assets
Total liabilities — · Total assets $602K
Net-asset ratio
Net assets $599K · Total assets $602K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $260K · Total assets (Pt X, ln 16) $602K
43%
People & payroll
Highest Reported Total Compensation
Individual Diane Gallegos · Reported title EXECUTIVE DI · Highest reported compensation $51K · Total expenses $251K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $130K · Total expenses $251K
52%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 8%
Fundraising cost ratio 2%
Revenue growth 42%
Legal fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$40K
Grants paid · 1 grant · $9K · 2024–2024
Unitemized GrantFY2024$9,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$476K revenue · viewing · ⤓ 990 PDF
FY2024$335K revenue · ⤓ 990 PDF
FY2023$264K revenue · ⤓ 990 PDF
FY2022$113K revenue · ⤓ 990 PDF
FY2021$70K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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