Overview
What is Katherine And Charles Hover Green Houses Inc?
Katherine And Charles Hover Green Houses Inc is a nonprofit organization situated in Longmont, Colorado, specifically at 1425 Belmont Drive. Specializing in housing and healthcare services, they cater primarily to the elderly and individuals with disabilities. By operating an assisted living residence and providing personal care services, the organization empowers seniors to maintain a dignified and independent lifestyle. Their mission is to offer innovative, affordable, and respectful housing and services, ensuring that elderly residents can live the life they choose. With a workforce of 161 individuals, the organization strives to serve the general public, providing them with facilities and services that support their wellbeing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning a Two-Star out of Four Star rating
Katherine and Charles Hover Green Houses Inc has received a Two-Star rating from Charity Navigator, indicating that while there are some strengths in governance, there are significant concerns regarding financial transparency. The organization has achieved full marks for having a majority of independent board members, a comprehensive conflict of interest policy, and transparency in board meeting minutes. However, it lacks financial statements, which raises questions about its overall financial accountability.
The organization demonstrates a strong commitment to its programs, as evidenced by a program expense ratio of 82.94%, indicating that a substantial portion of its expenditures goes directly to its mission-related activities. This suggests effective use of resources in fulfilling its objectives. Additionally, it has no reported diversion of assets, reflecting integrity in financial management.
On the downside, the high liabilities to assets ratio of 89.99% is concerning and suggests potential financial instability. The absence of financial statements hinders a complete evaluation of its fiscal health, which could impact donor confidence. Overall, while there are positive governance practices in place, the organization must improve its financial transparency to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Katherine And Charles Hover Green Houses Inc legitimate?
Katherine And Charles Hover Green Houses Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katherine And Charles Hover Green Houses Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $180,467
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,990,008
For more financial information, click here
What is the mission statement of Katherine And Charles Hover Green Houses Inc?
Katherine And Charles Hover Green Houses Inc is committed to empowering seniors to live the life they choose by offering innovative, affordable, and dignified housing and services. The organization operates with the goal of providing facilities and services for the benefit of the general public, specifically catering to the elderly and individuals with disabilities. They operate an assisted living residence, offering housing and personal care services to ensure the elderly population can live in a safe and supportive environment.
Who is the CEO of Katherine And Charles Hover Green Houses Inc?
Nancy Schwalm is the President of Katherine And Charles Hover Green Houses Inc. The CEO's salary of Katherine And Charles Hover Green Houses Inc is $0 and their total compensation is $0.
What is the revenue of Katherine And Charles Hover Green Houses Inc?
Katherine And Charles Hover Green Houses Inc's revenue in 2022 was $6,600,741.
Who are the executives of Katherine And Charles Hover Green Houses Inc and what are their salaries?
The average compensation at Katherine And Charles Hover Green Houses Inc during 2022 was $19,692. There are 161 employees at Katherine And Charles Hover Green Houses Inc.
Here are 16 key members and their salaries (Katherine And Charles Hover Green Houses Inc's CEO's salary is $0 and their total compensation is $0):
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- Related: $115,541
- Other: $13,242
- Compensation: $137,900
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- Other: $11,161
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Where can I find the form 990 for Katherine And Charles Hover Green Houses Inc?
Katherine And Charles Hover Green Houses Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Katherine And Charles Hover Green Houses Inc
Katherine And Charles Hover Green Houses Inc is committed to empowering seniors to live the life they choose by offering innovative, affordable, and dignified choices in housing and services. The organization's mission is twofold. On one hand, Katherine And Charles Hover Green Houses Inc provides facilities and services for the benefit of the general public. This includes operating an assisted living residence specifically designed for the elderly and handicapped. On the other hand, the organization offers personal care services to cater to the unique needs of its senior residents. By doing so, Katherine And Charles Hover Green Houses Inc aims to enhance the quality of life for its elderly population, allowing them to maintain their independence and dignity while receiving the necessary support.
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Impact
July, 2024
Katherine And Charles Hover Green Houses Inc empowers seniors to live the life they choose by offering innovative, affordable, and dignified housing and services. The organization provides housing and health services for the elderly, operating an assisted living residence and offering personal care services for the elderly and handicapped in Longmont, CO. Through its mission, Katherine And Charles Hover Green Houses Inc has a substantial impact on the well-being and quality of life for seniors in the community, ensuring they receive the care and support they need to thrive.
This information is meant to be a general summary of Katherine And Charles Hover Green Houses Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $6,558,140
- Gross Receipts: $6,600,741
Assets and Liabilities:
- Total Assets: $19,408,223
- Total Liabilities: $17,958,847
- Net Assets: $1,449,376
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,844,860
OTHER SERVICE FEES
Revenue
$713,280
Organization Details
Founding Year
2015
Phone
(303) 772-8102Principal Officer
Nancy Schwalm
Main Address
1425 BELMONT DRIVE, LONGMONT, CO, 80503
NTEE Category
Code: E91 - Health
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