Hover Village INC FY2022 filing

Longmont, COUnknown exempt organization EIN 84-0795095Revenue $1.8M in FY2022

On file with the IRShovercommunity.org1401 Elmhurst Drive · Longmont, CO

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Hover manor provides affordable housing and supportive services for the elderly and handicapped. These supportive services include transportation, dining services, and wellness programs. A beauty shop is also made available to residents of Hover manor.

83¢ of each $1 spent went to programs.
$32K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $121K a year · 7% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$32K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.8M
-0.6% vs prior year
Spent
$1.8M
To programs
83%
Net assets
$2.1M
By yearFY2020–FY2023
Revenue
$1.8M
FY2022▼ -0.6%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.8M
FY2022$1.8M
FY2023$2.0M
FY2023$955K
Expenses
$1.8M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.8M
FY2023$2.0M
FY2023$3.1M
Net assets
$2.1M
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.0M
FY2022$2.1M
FY2023$2.1M
FY2023$0

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.5M Management & general 17% · $296K

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

16 people listed on the 990; $32K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Financial Officer
$32,319Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Lisa Czolowski—$82,140$70,120
Lisa Gau$32,319$62,988$51,757

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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable housing and support services like transportation, meals, and wellness for seniors and disabled individuals.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2021
01

Hover manor provides housing and supportive services for the elderly and handicapped. The organization operates a 121-UNIT affordable housing apartment building with services including transportation, dining service, wellness programs, social programs, and personal services.

$1.5Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Aec TrustFY2022$5K
Total grants receivedfrom 1 funder$5K
Grants paid · 1 grant · $805K · 2023–2023
Hover Senior Living CommunityCO · FY2023$804,581

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Fees for servicesLn 2g$1.8M
Gifts and grantsLn 1h$16K
Investment incomeLn 3$2K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.5M
Managementcol C$296K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$888K
Total assetsLn 16$3.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Fees for servicesLn 2g$1.8M
Investment incomeLn 3$2K
Other incomeLn 4–11$2K
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$49K
SavingsLn 2$839K
Cash and savings togetherLn 1–2$888K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$16K
Total assetsLn 16$3.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$907K$888K
Land, buildings, equipmentLn 10c$2.5M$2.3M
Total assetsLn 16$3.4M$3.3M
LiabilitiesLn 26$1.4M$1.2M
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$34K$25K$10K
Other salaries and wagesLn 7$591K$426K$166K
Pension plan contributionsLn 8$3K$2K$842
Other employee benefitsLn 9$50K$36K$14K
Payroll taxesLn 10$47K$34K$13K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$62K$27K$35K
Advertising and promotionLn 12$7K$7K
Office expensesLn 13$2K$2K
InterestLn 20$54K$54K
Depreciation, depletion and amortizationLn 22$256K$251K$5K
InsuranceLn 23$93K$89K$3K
Other expenses (24a–d)Ln 24$447K$440K$7K
All other expensesLn 24e$92K$67K$25K
Total functional expensesLn 25$1.8M$1.5M$296K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $2.0M$2.0M$33K$2.1M 990 PDF
FY2022 Viewing $1.8M$1.8M$64K$2.1M 990 PDF
FY2021 $1.8M$1.6M$241K$2.0M 990 PDF
FY2020 $1.7M$1.6M$146K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,817,361 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $106,531$16,227
I-9 Program service revenuePrior year $1,718,747$1,797,919
I-10 Investment incomePrior year $657$1,660
I-11 Other revenuePrior year $2,789$1,555
I-12 Total revenuePrior year $1,828,724$1,817,361
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 $634,824$724,799
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $952,762$1,028,076
I-18 Total expensesPrior year $1,587,586$1,752,875
I-19 Revenue less expensesPrior year $241,138$64,486
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,817,361 across 6 lines filed
VIII-1f All other contributions, gifts and grants$16,227
VIII-1h Total contributions, gifts and grants$16,227
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,797,919$1,797,919
VIII-3 Investment incomeExcluded from tax $1,660$1,660
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,555$1,555
VIII-12 Total revenueRelated to mission $1,799,474 · Unrelated business $0 · Excluded from tax $1,660$1,817,361
Part IX · Statement of functional expenses $1,752,875 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $24,839 · Management $9,660$34,499
IX-7 Other salaries and wagesPrograms $425,642 · Management $165,527$591,169
IX-8 Pension plan contributionsPrograms $2,165 · Management $842$3,007
IX-9 Other employee benefitsPrograms $35,684 · Management $13,877$49,561
IX-10 Payroll taxesPrograms $33,525 · Management $13,038$46,563
IX-11b Legal feesManagement $1,795$1,795
IX-11c Accounting feesManagement $11,800$11,800
IX-11f Investment management feesManagement $2,173$2,173
IX-11g Other fees for servicesPrograms $26,573 · Management $35,298$61,871
IX-12 Advertising and promotionPrograms $7,086$7,086
IX-13 Office expensesManagement $1,516$1,516
IX-20 InterestPrograms $54,412$54,412
IX-22 Depreciation, depletion and amortizationPrograms $250,978 · Management $5,122$256,100
IX-23 InsurancePrograms $89,407 · Management $3,243$92,650
IX-24 Other expenses (24a–d)Programs $440,092 · Management $6,863$446,955
IX-24e All other expensesPrograms $66,771 · Management $24,947$91,718
IX-25 Total functional expensesPrograms $1,457,174 · Management $295,701 · Fundraising $0$1,752,875
Part X · Balance sheet $3,338,796 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $274,657$49,480
X-2 Savings and temporary cash investmentsStart of year $632,545$838,601
X-4 Accounts receivableStart of year $8,090$12,538
X-8 Inventories for sale or useStart of year $3,083$3,245
X-9 Prepaid expenses and deferred chargesStart of year $12,046$110,264
X-10c Land, buildings and equipment, netStart of year $2,466,224$2,309,081
X-15 Other assetsStart of year $19,105$15,587
X-16 Total assetsStart of year $3,415,750$3,338,796
X-17 Accounts payable and accrued expensesStart of year $129,243$111,234
X-19 Deferred revenueStart of year $11,283$11,224
X-25 Other liabilitiesStart of year $111,829$120,360
X-26 Total liabilitiesStart of year $1,374,835$1,233,395
X-27 Net assets without donor restrictionsStart of year $2,036,353$2,101,211
X-28 Net assets with donor restrictionsStart of year $4,562$4,190
X-32 Total net assets or fund balancesStart of year $2,040,915$2,105,401
X-33 Total liabilities and net assetsStart of year $3,415,750$3,338,796
Part XI · Reconciliation of net assets $2,105,401 net assets at year end
XI-1 Total revenue$1,817,361
XI-2 Total expenses$1,752,875
XI-3 Revenue less expenses$64,486
XI-4 Net assets at start of year$2,040,915
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,105,401

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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