Hover Senior Living Community FY2023 filing

Tax-deductible

Longmont, CO501(c)(3)Since 1982EIN 84-0890971Revenue $2.4M in FY2023

On file with the IRShovercommunity.org1380 Charles Dr, 80503-2354 · Longmont, COTax-exempt since May 1983Publicly supported charity — 170(b)(1)(A)(vi)

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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.
84¢ of each $1 spent went to programs.
$106K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $241K a year · 4% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.7 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
$681K
21% of total assets
Looks good: liabilities are 21% 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
$2.4M
+13% vs prior year
Spent
$2.8M
To programs
84%
Net assets
$2.5M
By yearFY2020–FY2025
Revenue
$2.4M
FY2023▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$2.1M
FY2023$2.4M
FY2024$11.9M
FY2025$12.6M
Expenses
$2.8M
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.3M
FY2022$2.5M
FY2023$2.8M
FY2024$13.2M
FY2025$11.7M
Net assets
$2.5M
FY2023▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.5M
FY2021$3.3M
FY2022$2.9M
FY2023$2.5M
FY2024$5.0M
FY2025$5.3M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1983.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $2.4M Management & general 16% · $451K

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

17 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Chief Financial Officer
$106,487Pt 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 · 7 named individuals · Part VII

NameFY2025FY2023FY2022FY2021FY2020
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.

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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.

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Provided by the organization

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1 program · $2.4M · in their own filed words · FY2022
01

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.

$2.4Mprogram expense

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.4M
Ln 12
Fees for servicesLn 2g$2.4M
Gifts and grantsLn 1h$21K
Other incomeLn 4–11$16K
Money outPt IX
$2.8M
Ln 25
Programscol B$2.4M
Managementcol C$451K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$642K
Total assetsLn 16$3.2M
LiabilitiesLn 26$681K
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$21K
Fees for servicesLn 2g$2.4M
Investment incomeLn 3$10K
Other incomeLn 4–11$16K
Total revenueLn 12$2.4M
Assets in detailPt X, end of year
CashLn 1$82K
SavingsLn 2$560K
Cash and savings togetherLn 1–2$642K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$13K
Total assetsLn 16$3.2M
LiabilitiesLn 26$681K
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 5200
VolunteersI 65
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 FY23End FY23
Cash and savingsLn 1–2$876K$642K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$3.7M$3.2M
LiabilitiesLn 26$791K$681K
Net assetsLn 32$2.9M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$47K$39K$7K
Other salaries and wagesLn 7$1.5M$1.2M$235K
Pension plan contributionsLn 8$7K$6K$1K
Other employee benefitsLn 9$121K$102K$19K
Payroll taxesLn 10$130K$109K$21K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$109K$64K$45K
Advertising and promotionLn 12$17K$17K
Information technologyLn 14$25K$25K
TravelLn 17$16K$16K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$196K$192K$4K
InsuranceLn 23$65K$62K$2K
Other expenses (24a–d)Ln 24$410K$397K$14K
All other expensesLn 24e$172K$123K$49K
Total functional expensesLn 25$2.8M$2.4M$451K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $12.6M$11.7M$899K$5.3M 990 PDF
FY2024 $11.9M$13.2M−$1.3M$5.0M 990 PDF
FY2023 Viewing $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 FY2023 990 (6 parts)
Part I · Summary $2,424,721 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,092$20,526
I-9 Program service revenuePrior year $2,117,192$2,378,856
I-10 Investment incomePrior year $1,534$9,784
I-11 Other revenuePrior year $2,683$15,555
I-12 Total revenuePrior year $2,143,501$2,424,721
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 $1,416,583$1,773,047
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,129,658$1,034,093
I-18 Total expensesPrior year $2,546,241$2,807,140
I-19 Revenue less expensesPrior year −$402,740−$382,419
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 $2,424,721 across 6 lines filed
VIII-1f All other contributions, gifts and grants$20,526
VIII-1h Total contributions, gifts and grants$20,526
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,378,856$2,378,856
VIII-3 Investment incomeExcluded from tax $9,784$9,784
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,555$15,555
VIII-12 Total revenueRelated to mission $2,394,411 · Unrelated business $0 · Excluded from tax $9,784$2,424,721
Part IX · Statement of functional expenses $2,807,140 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $39,075 · Management $7,443$46,518
IX-7 Other salaries and wagesPrograms $1,233,027 · Management $234,862$1,467,889
IX-8 Pension plan contributionsPrograms $6,298 · Management $1,200$7,498
IX-9 Other employee benefitsPrograms $101,502 · Management $19,334$120,836
IX-10 Payroll taxesPrograms $109,457 · Management $20,849$130,306
IX-11c Accounting feesManagement $11,800$11,800
IX-11g Other fees for servicesPrograms $63,587 · Management $45,267$108,854
IX-12 Advertising and promotionPrograms $17,412$17,412
IX-14 Information technologyManagement $25,261$25,261
IX-17 TravelManagement $16,201$16,201
IX-20 InterestPrograms $12,495$12,495
IX-22 Depreciation, depletion and amortizationPrograms $191,868 · Management $3,916$195,784
IX-23 InsurancePrograms $62,397 · Management $2,263$64,660
IX-24 Other expenses (24a–d)Programs $396,524 · Management $13,532$410,056
IX-24e All other expensesPrograms $122,707 · Management $48,863$171,570
IX-25 Total functional expensesPrograms $2,356,349 · Management $450,791 · Fundraising $0$2,807,140
Part X · Balance sheet $3,202,404 assets, 15 lines filed
Asset lines not itemized here account for $829,855; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $184,163$82,071
X-2 Savings and temporary cash investmentsStart of year $692,311$560,230
X-4 Accounts receivableStart of year $82,107$156,671
X-8 Inventories for sale or useStart of year $1,380$1,764
X-9 Prepaid expenses and deferred chargesStart of year $64,301$20,465
X-10c Land, buildings and equipment, netStart of year $1,620,241$1,538,156
X-15 Other assetsStart of year $21,696$13,192
X-16 Total assetsStart of year $3,694,054$3,202,404
X-17 Accounts payable and accrued expensesStart of year $137,659$131,616
X-19 Deferred revenueStart of year $6,624$10,136
X-26 Total liabilitiesStart of year $790,654$681,423
X-27 Net assets without donor restrictionsStart of year $2,901,470$2,520,981
X-28 Net assets with donor restrictionsStart of year $1,930$0
X-32 Total net assets or fund balancesStart of year $2,903,400$2,520,981
X-33 Total liabilities and net assetsStart of year $3,694,054$3,202,404
Part XI · Reconciliation of net assets $2,520,981 net assets at year end
XI-1 Total revenue$2,424,721
XI-2 Total expenses$2,807,140
XI-3 Revenue less expenses−$382,419
XI-4 Net assets at start of year$2,903,400
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,520,981

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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