Kendal At Hanover I
Kendal At Hanover I shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 20519490 · Hanover, NH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $42.1M |
| Total Expenses | $36.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $64.9M |
| Transparency Score | 85/100 |
Is Kendal At Hanover I Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kendal At Hanover I directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kendal At Hanover I
Kendal At Hanover I (EIN: 20519490) is a nonprofit organization based in Hanover, NH, classified under NTEE code L22. The organization reported total revenue of $42.1M and total assets of $212.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kendal At Hanover I's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kendal At Hanover I is a large nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $39.6M |
| Total Expenses | $36.2M |
| Surplus / Deficit | +$3.4M |
| Total Assets | $199.0M |
| Total Liabilities | $134.0M |
| Net Assets | $64.9M |
| Operating Margin | 8.5% |
| Debt-to-Asset Ratio | 67.4% |
| Months of Reserves | 65.9 months |
Financial Health Grade: A
In 2023, Kendal At Hanover I reported a surplus of $3.4M with revenue exceeding expenses, holds 65.9 months of operating reserves (strong position), has a debt-to-asset ratio of 67.4% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Kendal At Hanover I's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.7% | +10.3% | +1.7% |
| 2022 | +7.7% | +9.8% | -3.5% |
| 2021 | +1.5% | +1.1% | +8.2% |
| 2020 | -2.8% | +5.1% | +6.6% |
| 2019 | +7.5% | +4.5% | +14.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kendal At Hanover I with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Kendal At Hanover I allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 67.4%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization with annual revenues exceeding $30 million and assets approaching $200 million. This suggests either that executive leadership is entirely volunteer-based, or their compensation is reported under different expense categories, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kendal At Hanover I's IRS 990 filings:
- 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
The following positive indicators were identified for Kendal At Hanover I:
- 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.
Frequently Asked Questions about Kendal At Hanover I
Is Kendal At Hanover I a legitimate charity?
Kendal At Hanover I (EIN: 20519490) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $42.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Kendal At Hanover I spend its money?
Kendal At Hanover I directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Kendal At Hanover I tax-deductible?
Kendal At Hanover I is registered as a tax-exempt nonprofit (EIN: 20519490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kendal At Hanover I CEO make?
Kendal At Hanover I's highest-compensated officer earns $30 annually. The organization reported $42.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kendal At Hanover I's spending goes to programs?
Kendal At Hanover I directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kendal At Hanover I compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kendal At Hanover I is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kendal At Hanover I located?
Kendal At Hanover I is headquartered in Hanover, New Hampshire and files with the IRS under EIN 20519490. It is classified under NTEE code L22.
How many years of IRS 990 filings does Kendal At Hanover I have?
Kendal At Hanover I has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $42.1M in total revenue.
How does Kendal At Hanover I compensate its executive leadership if officer compensation is consistently reported as 0%?
The consistent reporting of 0% officer compensation across all available filings (2014-2023) raises questions about how executive leadership is compensated. It's possible compensation is categorized differently (e.g., as general salaries or contractor fees) or that the organization relies heavily on volunteer leadership, which would be exceptional for an entity of this scale.
What is the primary driver of the significant asset growth observed over the past decade?
The organization's assets grew from $133,048,043 in 2014 to $198,960,479 in 2023. This growth is likely driven by consistent revenue exceeding expenses, allowing for reinvestment and accumulation of capital, potentially including property and equipment related to its continuing care retirement community operations.
What is the organization's strategy for managing its liabilities, which have also increased alongside assets?
Liabilities have increased from $98,919,401 in 2014 to $134,014,613 in 2023. Given the nature of a Continuing Care Retirement Community (NTEE L22), these liabilities could include deferred revenue from entrance fees, long-term debt for facility expansion, or other operational obligations. Understanding the composition and management strategy for these liabilities is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Kendal At Hanover I showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Kendal At Hanover I's revenue has grown by 65%, moving from $24.0M to $39.6M. Total assets increased by 66.5% over the same period, from $119.5M to $199.0M. Total functional expenses rose by 61.8%, from $22.4M to $36.2M. In its most recent filing year (2023), Kendal At Hanover I reported a surplus of $3.4M, with revenue exceeding expenses. The organization holds $134.0M in liabilities against $199.0M in assets (debt-to-asset ratio: 67.4%), resulting in net assets of $64.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $39.6M | $36.2M | $199.0M | $134.0M | — | View 990 |
| 2022 | $33.9M | $32.8M | $195.7M | $139.2M | — | View 990 |
| 2021 | $31.5M | $29.9M | $202.8M | $138.7M | — | View 990 |
| 2020 | $31.0M | $29.6M | $187.4M | $131.6M | — | View 990 |
| 2019 | $31.9M | $28.1M | $175.8M | $125.3M | — | View 990 |
| 2018 | $29.7M | $26.9M | $153.9M | $109.3M | — | View 990 |
| 2017 | $30.6M | $25.6M | $155.4M | $110.8M | — | View 990 |
| 2016 | $26.9M | $25.3M | $148.7M | $111.3M | — | View 990 |
| 2015 | $26.3M | $25.1M | $133.5M | $100.0M | — | View 990 |
| 2014 | $22.9M | $18.0M | $133.0M | $98.9M | — | View 990 |
| 2014 | $25.7M | $24.0M | $133.1M | $101.1M | — | View 990 |
| 2013 | $24.1M | $23.1M | $125.3M | $96.3M | — | View 990 |
| 2012 | $24.0M | $22.4M | $119.5M | $94.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $39.6M, expenses of $36.2M, and assets of $199.0M (revenue +16.7% year-over-year).
- 2022: Revenue of $33.9M, expenses of $32.8M, and assets of $195.7M (revenue +7.7% year-over-year).
- 2021: Revenue of $31.5M, expenses of $29.9M, and assets of $202.8M (revenue +1.5% year-over-year).
- 2020: Revenue of $31.0M, expenses of $29.6M, and assets of $187.4M (revenue -2.8% year-over-year).
- 2019: Revenue of $31.9M, expenses of $28.1M, and assets of $175.8M (revenue +7.5% year-over-year).
- 2018: Revenue of $29.7M, expenses of $26.9M, and assets of $153.9M (revenue -2.8% year-over-year).
- 2017: Revenue of $30.6M, expenses of $25.6M, and assets of $155.4M (revenue +13.6% year-over-year).
- 2016: Revenue of $26.9M, expenses of $25.3M, and assets of $148.7M (revenue +2.3% year-over-year).
- 2015: Revenue of $26.3M, expenses of $25.1M, and assets of $133.5M (revenue +14.9% year-over-year).
- 2014: Revenue of $22.9M, expenses of $18.0M, and assets of $133.0M (revenue -10.9% year-over-year).
- 2014: Revenue of $25.7M, expenses of $24.0M, and assets of $133.1M (revenue +6.5% year-over-year).
- 2013: Revenue of $24.1M, expenses of $23.1M, and assets of $125.3M (revenue +0.6% year-over-year).
- 2012: Revenue of $24.0M, expenses of $22.4M, and assets of $119.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kendal At Hanover I:
Data Sources and Methodology
This transparency report for Kendal At Hanover I is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.