Lodge At Hover Crossing
- Assets
- $5.3m
- Revenue
- $348.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Longmont, CO
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8552632
Organization Overview
Lodge At Hover Crossing is located in Longmont, CO. The organization was established in 2007. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lodge At Hover Crossing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Lodge At Hover Crossing generated $348.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $527.6k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME AND ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES A 50 UNIT LOW-INCOME HOUSING PROJECT IN LONGMONT, COLORADO THAT BEGAN OPERATIONS IN 2009 UNDER HUD 202 PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debby Paris President | OfficerTrustee | 1 | $0 |
Darrell L Beck Jr Director | Trustee | 1 | $0 |
Stephen Morgan Director | Trustee | 1 | $0 |
Harold Dominguez Interim Executive Director | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $347,737 |
| Investment income | $416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $348,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,834 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,575 |
| Payroll taxes | $18,774 |
| Fees for services: Management | $28,960 |
| Fees for services: Legal | $2,246 |
| Fees for services: Accounting | $16,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,404 |
| Advertising and promotion | $711 |
| Office expenses | $20,539 |
| Information technology | $1,550 |
| Royalties | $0 |
| Occupancy | $50,244 |
| Travel | $10 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55 |
| Interest | $1,668 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,828 |
| Insurance | $41,128 |
| All other expenses | $1,014 |
| Total functional expenses | $527,645 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,305 |
| Savings and temporary cash investments | $286,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,478 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,017 |
| Net Land, buildings, and equipment | $5,029,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,539 |
| Total assets | $5,345,709 |
| Accounts payable and accrued expenses | $119,141 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $16,209 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,567,266 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,702,616 |
| Net assets without donor restrictions | -$1,356,907 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,345,709 |