Overview
What is Hover Village Inc?
Hover Village Inc, located at 1401 Elmhurst Drive, Longmont, CO 80503, is a nonprofit organization dedicated to providing affordable housing and supportive services for the elderly and handicapped. Their primary facility, Hover Manor, houses 121 units and offers a variety of amenities such as transportation, dining services, wellness programs, and social activities. Residents also have access to a beauty shop. The organization's mission is to ensure the comfort and well-being of its residents, fostering an inclusive community for those in need. With a workforce of 30 employees, Hover Village Inc continues to serve its community by offering essential services and support.
Official website here: www.hovercommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Hover Village Inc. has received an 81% rating, reflecting a strong commitment to accountability and finance. This score is derived from a comprehensive assessment of various aspects of the organization's operations, indicating a solid foundation in governance and financial management. The charity has a fully independent board, which enhances its operational integrity and decision-making processes.
Strengths highlighted in the review include a high program expense ratio of 83.25%, which suggests that a significant portion of its funds is directed toward its programs rather than administrative costs. The organization also demonstrates robust governance practices, with policies in place for conflict of interest, whistleblowing, and document retention. Additionally, the absence of material asset diversion and a favorable liabilities to assets ratio of 29.69% further solidify its financial health.
However, while the ratings reflect positive attributes, potential donors may want to consider the organization's overall impact and effectiveness in fulfilling its mission beyond just the financial metrics. The salaries of key personnel appear reasonable, but understanding how these figures relate to the organization's operational outcomes may provide a more comprehensive view for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hover Village Inc legitimate?
Hover Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hover Village 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: $34,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $591,169
For more financial information, click here
Official website here: www.hovercommunity.org
What is the mission statement of Hover Village Inc?
Hover Village Inc, as an organization, is dedicated to providing affordable housing and supportive services for the elderly and handicapped. Their mission encompasses offering essential services such as transportation, dining, and wellness programs. Residents at Hover Manor also have access to a beauty shop. The organization operates a 121-unit affordable housing apartment building, providing additional services including social programs, personal services, and dining service. The overall goal is to enhance the living experience and well-being of the elderly and handicapped population.
Official website here: www.hovercommunity.org
Who is the CEO of Hover Village Inc?
Nancy Schwalm is the President of Hover Village Inc. The CEO's salary of Hover Village Inc is $0 and their total compensation is $0.
Official website here: www.hovercommunity.org
What is the revenue of Hover Village Inc?
Hover Village Inc's revenue in 2022 was $1,817,361.
Official website here: www.hovercommunity.org
Who are the executives of Hover Village Inc and what are their salaries?
The average compensation at Hover Village Inc during 2022 was $20,856. There are 30 employees at Hover Village Inc.
Here are 16 key members and their salaries (Hover Village Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $32,319
- Related: $83,222
- Other: $13,424
- Compensation: $0
- Related: $137,900
- Other: $11,161
Official website here: www.hovercommunity.org
Where can I find the form 990 for Hover Village Inc?
Hover Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hovercommunity.org
Learn more at the official website: www.hovercommunity.org
Mission Statement of Hover Village Inc
Hover Village Inc, a nonprofit organization, is dedicated to providing affordable housing and supportive services for the elderly and handicapped. Residents of Hover Manor, the 121-unit apartment building operated by Hover Village Inc, benefit from a range of services including transportation, dining services, wellness programs, social activities, and personal services. To cater to the residents' needs, Hover Village Inc even operates a beauty shop within the premises. This comprehensive approach to care ensures that the elderly and handicapped residents of Hover Manor can live with dignity and independence, while also receiving the necessary support to maintain their well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hover Village Inc, operating under the name Hover Manor, provides essential support and services to elderly and handicapped individuals in Longmont, CO. The organization runs a 121-unit affordable housing apartment building, offering transportation, dining services, wellness programs, social activities, and personal care services to its residents. By ensuring access to safe and supportive housing, Hover Manor positively impacts the lives of vulnerable populations, promoting independence, well-being, and community engagement. Additionally, the provision of amenities such as a beauty shop enhances the quality of life for residents, fostering a warm and inclusive living environment within the Hover Manor community.
This information is meant to be a general summary of Hover Village 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.
- Investment Income: $1,660
- Program Service Revenue: $1,797,919
- Gross Receipts: $1,817,361
Assets and Liabilities:
- Total Assets: $3,338,796
- Total Liabilities: $1,233,395
- Net Assets: $2,105,401
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$1,488,383
DIETARY/BEAUTY PARLOR
Revenue
$276,470
OTHER SERVICE FEES
Revenue
$33,066
Organization Details
Founding Year
1977
Phone
(303) 772-9292Principal Officer
Nancy Schwalm
Main Address
1401 ELMHURST DRIVE, LONGMONT, CO, 80503
Website
www.hovercommunity.orgNTEE Category
Code: L21Z - Housing
If you are a representative of Hover Village Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.