Glover's Heroes Inc
Nonprofit profile at a glance
- EIN
- 815312341
- IRS 990-EZ coverage
- 2018–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2018
- Location
- Plymouth, MI, USA
- Phone
- 2486024893
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Centers to Support the Independence of Specific Populations
Reported finances
- Revenue
- $175,757
- Expenses
- $200,900
- Assets
- $27,698
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jeffrey Glover (President)
People named in this filing
- Jeffrey Glover (President)
- Taylor Kerrigan (Secretary)
- Taylor Cornfield (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide housing for disadvantaged community service personel Such as veterans, first responders, teachers, nurses and caregivers.
What it reported doing in 2022
Provided housing assistance to community service personel by using 100% of donations collected.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 78.4%; rating input score 78
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -14.3%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: -13% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 78.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $157K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2018 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 12/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.