Is Kendal At Hanover I Legit?

Quick charity verification for Kendal At Hanover I (EIN: 20519490)

Verdict: Kendal At Hanover I appears trustworthy

85/100Mission Score

$42.1MRevenue

$212.2MAssets

2Red Flags

4Strengths

Red Flags

Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and may obscure executive pay.
Significant increase in liabilities alongside assets, warranting further investigation into their nature and repayment strategy.

Strengths

Consistent revenue growth from $22.8M in 2014 to $39.5M in 2023.
Strong asset growth from $133M in 2014 to $198M in 2023, indicating financial stability.
Expenses consistently managed below revenue, leading to positive net income and asset accumulation.
NTEE code L22 suggests a strong program focus inherent in its mission as a Continuing Care Retirement Community.

Spending Breakdown

How Kendal At Hanover I allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Kendal At Hanover I

Is Kendal At Hanover I a legitimate charity?

Based on AI analysis of IRS 990 filings, Kendal At Hanover I (EIN: 20519490) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Kendal At Hanover I a good charity to donate to?

Kendal At Hanover I has a Mission Score of 85/100. Revenue: $42.1M. Assets: $212.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Kendal At Hanover I?

The Employer Identification Number (EIN) for Kendal At Hanover I is 20519490. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Kendal At Hanover I spend its money?

Kendal At Hanover I allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Kendal At Hanover I's tax-exempt status?

You can verify Kendal At Hanover I's tax-exempt status using EIN 20519490 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Kendal At Hanover I demonstrates a consistent pattern of financial stability and growth over the past decade. The organization's assets have steadily increased from $133,048,043 in 2014 to $198,960,479 in 2023, indicating sound financial management and asset accumulation. Revenue has also shown a healthy upward trend, growing from $22,883,288 in 2014 to $39,576,456 in 2023, outpacing expense growth in most years, which suggests efficient operations and a positive net income. 

The organization's spending efficiency appears strong, as expenses generally remain below revenue, allowing for asset growth. For instance, in 2023, revenue was $39,576,456 against expenses of $36,223,085, resulting in a surplus. A notable aspect of their transparency is the consistent reporting of 0% officer compensation across all available filings, which is highly unusual for an organization of this size and may warrant further investigation into how executive leadership is compensated, if at all, or if it's reported under different categories. 

While the financial health appears robust, the lack of reported officer compensation could be a point of concern regarding full transparency if executive salaries are simply categorized elsewhere. However, the overall trend of increasing assets and revenue, coupled with controlled expenses, paints a picture of a financially well-managed nonprofit. The NTEE code L22 (Continuing Care Retirement Communities) suggests that a significant portion of expenses would naturally be program-related, covering resident care and services.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.