Hover Senior Living Community

Tax-deductible

Longmont, CO501(c)(3)Since 1982EIN 84-0890971

Hover senior living 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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 5 volunteers and 200 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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 $469K a year · 11% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$700K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $131K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17.8M
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12.6M
+6% vs prior year
Spent
$11.7M
To programs
81%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$12.6M
FY2024▲ +6%
Revenue by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.1M
FY2023$2.4M
FY2024$11.9M
FY2024$12.6M
Expenses
$11.7M
FY2024▼ -12%
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.5M
FY2023$2.8M
FY2024$13.2M
FY2024$11.7M
Net assets
$5.3M
FY2024▲ +6%
Net assets by fiscal year
FY2020$3.5M
FY2021$3.3M
FY2022$2.9M
FY2023$2.5M
FY2024$5.0M
FY2024$5.3M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1983.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $9.5M Management & general 19% · $2.3M

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

Who runs it and what they're paid

15 people listed on the 990; $700K paid to officers and key staff.

Part VII, Section A · reportable compensation
$193,106Pt VII · Sec A
Finance Dire
$146,512Pt VII · Sec A
Nursing Home
$138,848Pt VII · Sec A
Dir. Human R
$120,888Pt VII · Sec A
Dir. Busines
$100,156Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Craig Luzinski$193,106————
McCarthy Boyd$146,512————
Shannon Buxmann$138,848————
Dixie Wadlington$120,888————
Lisa Gau—$106,487$83,222$57,599$46,066
Lisa Bryant$100,156————
Lisa Czolowski———$90,017$72,317

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.

See Hover Senior Living Community 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides assisted living and retirement campus development for seniors and the handicapped.

Provided by the organization

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1 program service account for $9.5M of program spending, described in the organization's own filed words · FY2024.
01

Hover senior living community is a continuing care retirement community (CCRC) providing housing and health services for persons fifty-five years of age and older. The organization operates a one-hundred and twenty-one- unit independent living residence, a fifty-one unit assisted living residence, and a forty-eight bed skilled…

$9.5Mprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$131K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$12.6M
Ln 12
Fees for servicesLn 2g$11.3M
Other incomeLn 4–11$1.2M
Gifts and grantsLn 1h$91K
Money outPt IX
$11.7M
Ln 25
Programscol B$9.5M
Managementcol C$2.3M
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$23.1M
LiabilitiesLn 26$17.8M
PeoplePt VI, VII
15
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91K
Fees for servicesLn 2g$11.3M
Investment incomeLn 3$30K
Other incomeLn 4–11$1.2M
Total revenueLn 12$12.6M
Assets in detailPt X, end of year
CashLn 1$496K
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$3K
Land, buildings, equipmentLn 10c$20.4M
Other assetsLn 15$104K
Total assetsLn 16$23.1M
LiabilitiesLn 26$17.8M
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 5200
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$1.5M$1.7M
InvestmentsLn 11–13$61K$3K
Land, buildings, equipmentLn 10c$21.0M$20.4M
Total assetsLn 16$22.8M$23.1M
LiabilitiesLn 26$17.8M$17.8M
Net assetsLn 32$5.0M$5.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$340K$285K$54K
Other salaries and wagesLn 7$6.0M$4.7M$1.3M
Other employee benefitsLn 9$374K$296K$78K
Payroll taxesLn 10$426K$336K$89K
Legal feesLn 11b$17K$17K
Accounting feesLn 11c$93K$93K
Other fees for servicesLn 11g$463K$282K$181K
Advertising and promotionLn 12$36K$36K
Office expensesLn 13$50K$19K$31K
Information technologyLn 14$114K$2K$111K
OccupancyLn 16$471K$440K$31K
Conferences, conventions and meetingsLn 19$3K$2K$1K
InterestLn 20$746K$746K
Depreciation, depletion and amortizationLn 22$1.0M$1.0M$21K
InsuranceLn 23$286K$276K$10K
Other expenses (24a–d)Ln 24$921K$761K$160K
All other expensesLn 24e$330K$274K$56K
Total functional expensesLn 25$11.7M$9.5M$2.3M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $11.9M$13.2M−$1.3M$5.0M 990 PDF
FY2023 $2.4M$2.8M−$382K$2.5M 990 PDF
FY2022 $2.1M$2.5M−$403K$2.9M 990 PDF
FY2021 $2.1M$2.3M−$151K$3.3M 990 PDF
FY2020 $2.1M$2.2M−$69K$3.5M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $12,613,498 across 6 lines filed
VIII-1f All other contributions, gifts and grants$91,121
VIII-1h Total contributions, gifts and grants$91,121
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,281,061$11,281,061
VIII-3 Investment incomeExcluded from tax $30,381$30,381
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,210,935$1,210,935
VIII-12 Total revenueRelated to mission $11,281,061 · Excluded from tax $1,241,316$12,613,498
Part IX · Statement of functional expenses $11,713,999 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $285,279 · Management $54,339$339,618
IX-7 Other salaries and wagesPrograms $4,686,005 · Management $1,318,853$6,004,858
IX-9 Other employee benefitsPrograms $296,297 · Management $77,789$374,086
IX-10 Payroll taxesPrograms $336,118 · Management $89,489$425,607
IX-11b Legal feesManagement $17,442$17,442
IX-11c Accounting feesManagement $92,924$92,924
IX-11g Other fees for servicesPrograms $282,346 · Management $180,728$463,074
IX-12 Advertising and promotionPrograms $36,227$36,227
IX-13 Office expensesPrograms $18,798 · Management $31,072$49,870
IX-14 Information technologyPrograms $2,326 · Management $111,300$113,626
IX-16 OccupancyPrograms $439,894 · Management $31,003$470,897
IX-19 Conferences, conventions and meetingsPrograms $1,520 · Management $1,013$2,533
IX-20 InterestPrograms $746,078$746,078
IX-22 Depreciation, depletion and amortizationPrograms $1,019,848 · Management $20,813$1,040,661
IX-23 InsurancePrograms $276,159 · Management $9,631$285,790
IX-24 Other expenses (24a–d)Programs $760,697 · Management $160,232$920,929
IX-24e All other expensesPrograms $273,957 · Management $55,822$329,779
IX-25 Total functional expensesPrograms $9,461,549 · Management $2,252,450 · Fundraising $0$11,713,999
Part X · Balance sheet $23,056,923 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $368,526$495,600
X-2 Savings and temporary cash investmentsStart of year $1,095,029$1,178,886
X-4 Accounts receivableStart of year $133,030$837,711
X-8 Inventories for sale or useStart of year $12,912$11,849
X-9 Prepaid expenses and deferred chargesStart of year $1,998$48,761
X-10c Land, buildings and equipment, netStart of year $21,014,981$20,376,751
X-11 Publicly traded securitiesStart of year $61,062$3,115
X-15 Other assetsStart of year $85,859$104,250
X-16 Total assetsStart of year $22,773,397$23,056,923
X-17 Accounts payable and accrued expensesStart of year $1,534,443$1,562,615
X-26 Total liabilitiesStart of year $17,818,689$17,782,618
X-27 Net assets without donor restrictionsStart of year $4,954,708$5,274,305
X-32 Total net assets or fund balancesStart of year $4,954,708$5,274,305
X-33 Total liabilities and net assetsStart of year $22,773,397$23,056,923
Part XI · Reconciliation of net assets $5,274,305 net assets at year end
XI-1 Total revenue$12,613,498
XI-2 Total expenses$11,713,999
XI-3 Revenue less expenses$899,499
XI-4 Net assets at start of year$4,954,708
XI-5 Net unrealized gains (losses) on investments$2,130
XI-8 Prior period adjustments−$582,032
XI-10 Net assets at end of year$5,274,305

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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