Lodge At Hover Crossing
Lodge At Hover Crossing faces persistent operating deficits and declining assets over the past decade.
EIN: 208552632 · Longmont, CO · NTEE: L22 · Updated: 2026-03-28
Is Lodge At Hover Crossing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lodge At Hover Crossing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lodge At Hover Crossing
Lodge At Hover Crossing (EIN: 208552632) is a nonprofit organization based in Longmont, CO, classified under NTEE code L22. The organization reported total revenue of $405K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lodge At Hover Crossing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lodge At Hover Crossing is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $380K |
| Total Expenses | $541K |
| Surplus / Deficit | $-160,609 |
| Total Assets | $5.2M |
| Total Liabilities | $6.7M |
| Net Assets | $-1,517,516 |
| Operating Margin | -42.3% |
| Debt-to-Asset Ratio | 129.3% |
| Months of Reserves | 115.0 months |
Financial Health Grade: C
In 2023, Lodge At Hover Crossing reported a deficit of $161K with expenses exceeding revenue, holds 115.0 months of operating reserves (strong position), has a debt-to-asset ratio of 129.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lodge At Hover Crossing's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.2% | +2.5% | -3.1% |
| 2022 | +2.0% | +12.1% | -2.7% |
| 2021 | +16.7% | -0.9% | -2.8% |
| 2020 | +2.2% | +2.9% | -2.4% |
| 2019 | -3.6% | +5.6% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Lodge At Hover Crossing with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lodge At Hover Crossing allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $161K, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is not drawing salaries, which is a positive sign for resource allocation.
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 Lodge At Hover Crossing's IRS 990 filings:
- Persistent operating deficits for over a decade (e.g., $160,609 deficit in 2023).
- Declining asset base (from $6.69M in 2014 to $5.18M in 2023).
- Liabilities consistently exceed assets, indicating potential solvency issues.
- Expenses consistently outpace revenue, suggesting an unsustainable financial model.
Strengths
The following positive indicators were identified for Lodge At Hover Crossing:
- Consistent transparency with annual IRS 990 filings.
- No reported officer compensation, indicating volunteer leadership or efficient use of funds for executive roles.
- Revenue has shown some growth over the past decade, albeit not enough to cover expenses.
Frequently Asked Questions about Lodge At Hover Crossing
Is Lodge At Hover Crossing a legitimate charity?
Based on AI analysis of IRS 990 filings, Lodge At Hover Crossing (EIN: 208552632) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Lodge At Hover Crossing spend its money?
Lodge At Hover Crossing directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lodge At Hover Crossing tax-deductible?
Lodge At Hover Crossing is registered as a tax-exempt nonprofit (EIN: 208552632). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lodge At Hover Crossing financially sustainable?
The organization's financial sustainability is questionable due to a decade of consistent operating deficits. For example, in 2023, expenses ($540,687) significantly outpaced revenue ($380,078), leading to a substantial loss.
Why are the organization's assets declining?
Assets have steadily declined from $6,686,948 in 2014 to $5,180,187 in 2023, likely due to the organization consistently spending more than it earns, drawing down its reserves to cover operational costs.
What is the trend in revenue for Lodge At Hover Crossing?
Revenue has shown some growth over the decade, increasing from $226,863 in 2014 to $380,078 in 2023. However, this growth has not been sufficient to cover rising expenses.
How does the organization manage its liabilities?
Liabilities have remained high and relatively stable, often exceeding assets. For instance, in 2023, liabilities were $6,697,703 while assets were $5,180,187, indicating a significant debt burden.
Filing History
IRS 990 filing history for Lodge At Hover Crossing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lodge At Hover Crossing's revenue has grown by 56.1%, moving from $243K to $380K. Total assets decreased by 27.7% over the same period, from $7.2M to $5.2M. Total functional expenses rose by 44.7%, from $374K to $541K. In its most recent filing year (2023), Lodge At Hover Crossing reported a deficit of $161K, with expenses exceeding revenue. The organization holds $6.7M in liabilities against $5.2M in assets (debt-to-asset ratio: 129.3%), resulting in net assets of $-1,517,516.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $380K | $541K | $5.2M | $6.7M | — | — |
| 2022 | $348K | $528K | $5.3M | $6.7M | — | — |
| 2021 | $341K | $471K | $5.5M | $6.7M | — | View 990 |
| 2020 | $293K | $475K | $5.7M | $6.7M | — | — |
| 2019 | $286K | $461K | $5.8M | $6.7M | — | View 990 |
| 2018 | $297K | $437K | $6.0M | $6.7M | — | View 990 |
| 2017 | $245K | $498K | $6.1M | $6.6M | — | View 990 |
| 2016 | $252K | $412K | $6.3M | $6.6M | — | View 990 |
| 2015 | $239K | $411K | $6.5M | $6.6M | — | View 990 |
| 2014 | $227K | $445K | $6.7M | $6.7M | — | View 990 |
| 2013 | $246K | $385K | $6.9M | $6.6M | — | View 990 |
| 2012 | $245K | $401K | $7.0M | $6.6M | — | View 990 |
| 2011 | $243K | $374K | $7.2M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $380K, expenses of $541K, and assets of $5.2M (revenue +9.2% year-over-year).
- 2022: Revenue of $348K, expenses of $528K, and assets of $5.3M (revenue +2.0% year-over-year).
- 2021: Revenue of $341K, expenses of $471K, and assets of $5.5M (revenue +16.7% year-over-year).
- 2020: Revenue of $293K, expenses of $475K, and assets of $5.7M (revenue +2.2% year-over-year).
- 2019: Revenue of $286K, expenses of $461K, and assets of $5.8M (revenue -3.6% year-over-year).
- 2018: Revenue of $297K, expenses of $437K, and assets of $6.0M (revenue +21.5% year-over-year).
- 2017: Revenue of $245K, expenses of $498K, and assets of $6.1M (revenue -3.1% year-over-year).
- 2016: Revenue of $252K, expenses of $412K, and assets of $6.3M (revenue +5.8% year-over-year).
- 2015: Revenue of $239K, expenses of $411K, and assets of $6.5M (revenue +5.2% year-over-year).
- 2014: Revenue of $227K, expenses of $445K, and assets of $6.7M (revenue -7.7% year-over-year).
- 2013: Revenue of $246K, expenses of $385K, and assets of $6.9M (revenue +0.2% year-over-year).
- 2012: Revenue of $245K, expenses of $401K, and assets of $7.0M (revenue +0.8% year-over-year).
- 2011: Revenue of $243K, expenses of $374K, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lodge At Hover Crossing:
Data Sources and Methodology
This transparency report for Lodge At Hover Crossing 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.