Overview
What is Hover Community Inc?
Hover Community Inc is a nonprofit organization situated in Longmont, Colorado, with a mission to serve the elderly and disabled. They operate a 51-unit assisted living residence, providing personal care services to enhance the lives of their residents. The organization goes beyond just housing, as they also oversee the development of a retirement campus, ensuring the ongoing benefit of the general public. With a dedicated workforce of 83 individuals, Hover Community Inc aims to provide a supportive and nurturing environment for its elderly and handicapped residents.
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 Community Inc has received an 81% rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating is based entirely on its performance in the Accountability & Finance category, reflecting the organization’s commitment to transparency and responsible governance.
The organization shows strong governance practices with a fully independent board comprising 13 members, and it adheres to necessary policies like conflict of interest and whistleblower protections. Its program expense ratio is impressive, at 85.54%, suggesting that a significant portion of funds is directed toward its programs rather than administrative expenses, which is a positive indicator for potential donors.
However, while the rating reflects robust financial practices, the score does not assess program effectiveness or impact, which are crucial factors for evaluating the overall success of nonprofit organizations. As such, potential supporters may want to look deeper into Hover Community's programs and their outcomes to fully understand its contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hover Community Inc legitimate?
Hover Community Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hover Community 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: $88,712
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,117,584
For more financial information, click here
Official website here: www.hovercommunity.org
What is the mission statement of Hover Community Inc?
Hover Community Inc is committed to serving the general public by providing facilities and services. A significant part of their mission involves operating an assisted living residence for the elderly and handicapped. Additionally, they oversee the continuous development of a retirement campus, offering housing and health services primarily for individuals over sixty-two years old. The organization provides personal care services, operating a fifty-one unit assisted living residence. Overall, Hover Community Inc aims to enhance the lives of elderly and handicapped individuals, ensuring they can live with dignity and independence.
Official website here: www.hovercommunity.org
Who is the CEO of Hover Community Inc?
Nancy Schwalm is the President of Hover Community Inc. The CEO's salary of Hover Community Inc is $0 and their total compensation is $0.
Official website here: www.hovercommunity.org
What is the revenue of Hover Community Inc?
Hover Community Inc's revenue in 2022 was $2,143,501.
Official website here: www.hovercommunity.org
Who are the executives of Hover Community Inc and what are their salaries?
The average compensation at Hover Community Inc during 2022 was $14,534. There are 83 employees at Hover Community Inc.
Here are 16 key members and their salaries (Hover Community Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $83,222
- Related: $32,319
- 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 Community Inc?
Hover Community 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 Community Inc
Hover Community Inc, a nonprofit organization, is dedicated to serving the general public. Its primary mission involves providing facilities and services, with a significant focus on assisted living for the elderly and individuals with disabilities. The organization oversees the continuous development of a retirement campus, ensuring a comfortable living environment for its residents.
At the heart of Hover Community Inc's operations lies an assisted living residence, specifically designed for senior citizens and individuals with disabilities. This residence, featuring 51 units, offers personal care services tailored to the unique needs of its elderly and handicapped residents. The organization's commitment extends beyond just providing housing, as it also ensures the well-being of its residents by offering essential healthcare services.
In essence, Hover Community Inc is a beacon of support for the elderly and handicapped, offering a sanctuary where they can live with dignity and receive the care they need to lead fulfilling lives. The organization's mission is a testament to its dedication to enhancing the quality of life for its residents, making every effort to create a retirement campus that caters to their physical and emotional needs.
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Impact
July, 2024
Hover Community Inc's impact is significant in providing housing and health services for individuals aged sixty-two and older. The organization operates a fifty-one unit assisted living residence, offering personal care services to the elderly and handicapped in Longmont, CO. By focusing on the well-being and comfort of the elderly population, Hover Community Inc plays a crucial role in enhancing the quality of life for seniors in the community.
This information is meant to be a general summary of Hover Community 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: $1,534
- Program Service Revenue: $2,117,192
- Gross Receipts: $2,143,501
Assets and Liabilities:
- Total Assets: $3,694,054
- Total Liabilities: $790,654
- Net Assets: $2,903,400
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$1,804,841
OTHER SERVICE FEES
Revenue
$312,351
Organization Details
Founding Year
1982
Phone
(303) 772-9292Principal Officer
Nancy Schwalm
Main Address
1380 CHARLES DR, LONGMONT, CO, 80503
Website
www.hovercommunity.orgNTEE Category
Code: P75 - Human services
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