Civic Intelligence

Hanover Legion Elderly Housing Corporation C/O John M Corcoran & Co

EIN 04-2707590 • 501(c)3 • Braintree, MA

Profile

To provide rental units for elderly or handicapped persons

CO Corcoran Mgmt 100 Grandview RdBraintree, MA 02184

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.31x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

59th percentile

6.7%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

2.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$3,048,978

Up $190,948 (+6.7%) from 2023

Liabilities

Up

$2,999,694

Up $19,297 (+0.6%) from 2023

Net Assets

Up

$49,284

Up $171,651 (+140%) from 2023

Operations
Liabilities / Revenue94th percentileNet Margin65th percentile

Revenue

Up

$1,295,838

Up $34,345 (+2.7%) from 2023

Expenses

Up

$1,124,187

Up $71,243 (+6.8%) from 2023

Net Income

Down

$171,651

Down $36,898 (-18%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$2.0M$0-$2.0MAssets 2010: $2,745,932Liabilities 2010: $3,560,325Net Assets 2010: -$814,3932010Assets 2011: $2,774,115Liabilities 2011: $3,553,726Net Assets 2011: -$779,6112011Assets 2012: $2,769,511Liabilities 2012: $3,892,923Net Assets 2012: -$1,123,4122012Assets 2013: $2,341,575Liabilities 2013: $3,457,123Net Assets 2013: -$1,115,5482013Assets 2014: $2,369,932Liabilities 2014: $3,441,589Net Assets 2014: -$1,071,6572014Assets 2015: $2,354,678Liabilities 2015: $3,412,729Net Assets 2015: -$1,058,0512015Assets 2016: $2,267,556Liabilities 2016: $3,251,828Net Assets 2016: -$984,2722016Assets 2017: $2,345,787Liabilities 2017: $3,195,482Net Assets 2017: -$849,6952017Assets 2018: $2,470,483Liabilities 2018: $3,204,039Net Assets 2018: -$733,5562018Assets 2019: $2,482,523Liabilities 2019: $3,135,321Net Assets 2019: -$652,7982019Assets 2020: $2,572,449Liabilities 2020: $3,080,784Net Assets 2020: -$508,3352020Assets 2021: $2,587,565Liabilities 2021: $3,028,844Net Assets 2021: -$441,2792021Assets 2022: $2,711,661Liabilities 2022: $3,042,577Net Assets 2022: -$330,9162022Assets 2023: $2,858,030Liabilities 2023: $2,980,397Net Assets 2023: -$122,3672023Assets 2024: $3,048,978Liabilities 2024: $2,999,694Net Assets 2024: $49,2842024

Highlighted filing

2024

Assets$3,048,978
Liabilities$2,999,694
Net Assets$49,284
Open 2024 Filing

Operations Trend

Revenue Growth42nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0Expenses 2010: $1,011,0662010Expenses 2011: $1,072,8842011Expenses 2012: $1,250,3032012Revenue 2013: $913,542Expenses 2013: $879,195Net Income 2013: $34,3472013Revenue 2014: $920,504Expenses 2014: $887,744Net Income 2014: $32,7602014Revenue 2015: $936,386Expenses 2015: $921,845Net Income 2015: $14,5412015Revenue 2016: $963,084Expenses 2016: $871,773Net Income 2016: $91,3112016Revenue 2017: $1,052,980Expenses 2017: $918,403Net Income 2017: $134,5772017Revenue 2018: $1,070,692Expenses 2018: $954,553Net Income 2018: $116,1392018Revenue 2019: $1,086,168Expenses 2019: $1,005,410Net Income 2019: $80,7582019Revenue 2020: $1,106,724Expenses 2020: $962,261Net Income 2020: $144,4632020Revenue 2021: $1,134,988Expenses 2021: $1,067,932Net Income 2021: $67,0562021Revenue 2022: $1,205,924Expenses 2022: $1,095,561Net Income 2022: $110,3632022Revenue 2023: $1,261,493Expenses 2023: $1,052,944Net Income 2023: $208,5492023Revenue 2024: $1,295,838Expenses 2024: $1,124,187Net Income 2024: $171,6512024

Highlighted filing

2024

Revenue$1,295,838
Expenses$1,124,187
Net Income$171,651
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$3,048,978
Liabilities
$2,999,694
Net assets
$49,284
Revenue
$1,295,838
Expenses
$1,124,187
Net income
$171,651
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$3.00$0.05$1.30$1.12$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.86$2.98$0.12$1.26$1.05$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.71$3.04$0.33$1.21$1.10$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.59$3.03$0.44$1.13$1.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.57$3.08$0.51$1.11$0.96$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.48$3.14$0.65$1.09$1.01$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.47$3.20$0.73$1.07$0.95$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.35$3.20$0.85$1.05$0.92$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.27$3.25$0.98$0.96$0.87$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.35$3.41$1.06$0.94$0.92$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.37$3.44$1.07$0.92$0.89$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.34$3.46$1.12$0.91$0.88$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.89$1.12$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.55$0.78$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$3.56$0.81$1.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 24, 2025
Return Version
2024v5.2
Gross Receipts
$1,295,838
Mission and Program Overview

Mission

To provide rental units for elderly or handicapped persons

To provide sixty rental units of housing for elderly with low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,651,436$1,829,604▲ $178,168
Cash and Non-Interest-Bearing Accounts$142,404$94,885▼ $47,519
Prepaid Expenses and Deferred Charges$34,156$47,703▲ $13,547
Accounts Receivable$2,524$0▼ $2,524
Total Assets$2,858,030$3,048,978▲ $190,948
Other Assets Total$1,027,510$1,076,786▲ $49,276
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,733,618$2,668,289▼ $65,329
Accounts Payable and Accrued Expenses$217,197$296,856▲ $79,659
Escrow Account Liability$28,881$29,385▲ $504
Deferred Revenue$701$5,164▲ $4,463
Total Liabilities$2,980,397$2,999,694▲ $19,297
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-122,367$49,284▲ $171,651
Total Net Assets Fund Balance$-122,367$49,284▲ $171,651
Total Liabilities and Net Assets / Fund Balance$2,858,030$3,048,978▲ $190,948

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,377,503$2,738,884$4,116,387
Land$445,971-$445,971
Equipment$6,130$49,391$55,521
Other Assets Org$17,336--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Thomas BaileyPresident/clerk
Christine AshburnDirector
Chuck MerrittDirector
Donald BuckleyDirector
Donna HanniganDirector
Joe SalvucciTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Corcoran Management CompanyManagement Services100 GRANDVIEW ROAD SUITE 207, Braintree, MA 02184$304,714
Revenue and Support

Revenue Composition

Contributions and Grants
$836,568
Program Service Revenue
$398,563
Investment Income
$56,404
Other Revenue
$4,303
Change in Net Assets
$171,651

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,295,838
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,295,838
Total Revenue per Form 990
$1,295,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,124,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$675,223--$675,223
Fees for Services Other$255,137--$255,137
Depreciation Depletion$77,740--$77,740
Office Expenses$41,280$8,582-$49,862
Fees for Services Management-$49,577-$49,577
Fees for Services Accounting-$15,505-$15,505
Other Expenses$600--$600
Advertising$543--$543
Total Functional Expenses$1,050,523$73,664$0$1,124,187

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,124,187
Total Expenses per Audited Statements$1,124,187
Total Expenses per Form 990$1,124,187
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation incurred a management fee of $49,577 for the year ended december 31, 2024, due to corcoran management company, inc. The management fee is equal to 4% of effective rental revenue. The agreement is in effect until canceled by masshousing, the corporation or corcoran management company, inc.”

Form 990, Part VI, Section B, Line 11B

“A full copy of the form 990 is provided to the board before filing. The form 990 is reviewed by the board president before it is signed.”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST.”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements and the form 990 are made available upon request. The organization does not currently have written policies related to conflicts of interest, whistleblower protection or document retention and destruction.”

Filing and Contact Details

Filer

Filer Name
Hanover Legion Elderly Housing
EIN
04-2707590
Phone
7818490011
Address
CO CORCORAN MGMT 100 GRANDVIEW RD, BRAINTREE, MA 02184

Signing Officer

Name
Thomas Bailey
Title
President
Phone
7818490011
Signed
2025-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Bailey
Formed
1979
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Cohnreznick Advisory LLC
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 255,137. Management and general expenses 0. Fundraising expenses 0. Total expenses 255,137.”

Financial Statement Notes

PART IV, LINE 2B:

“The escrow liability amounts of form 990, part x, line 21 consist of tenant security deposits, which are held in a separate bank account. The deposits are refunded to the tenant upon termination of the lease.”

PART X, LINE 2:

“The corporation qualifies as an organization formed for charitable purposes under section 501(c)(3) of the internal revenue code ("irc") and is generally not subject to income tax. However, income from certain activities not directly related to the corporation's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the corporation is not a private foundation under section 509(a)(1) of the irc. Management has analyzed the tax positions taken by the corporation and has concluded that, as of december 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. While no income tax returns are currently being examined by the irs, tax years since 2021 remain open.”

Raw XML AppendixShowing 400 of 411 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/OtherExpensesGrp/ProgramServicesAmt0600
IRS990/OtherExpensesGrp/TotalAmt0600
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04153
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1150
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04153
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1150
IRS990/OtherRevenueTotalAmt04303
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt034156
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047703
IRS990/PrincipalOfficerNm0THOMAS BAILEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0398563
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0398563
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0828499
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt046532
IRS990/PYOtherExpensesAmt01052944
IRS990/PYOtherRevenueAmt04339
IRS990/PYProgramServiceRevenueAmt0382123
IRS990/PYRevenuesLessExpensesAmt0208549
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01052944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01261493
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0171651
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0402866
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY VENDING - 2020 AMOUNT: $ 3,936. 2021 AMOUNT: $ 4,045. 2022 AMOUNT: $ 3,983. 2023 AMOUNT: $ 4,239. 2024 AMOUNT: $ 4,153. TENANT CHARGES - 2020 AMOUNT: $ 410. 2021 AMOUNT: $ 50. COMCAST REVENUE - 2020 AMOUNT: $ 4,699. 2021 AMOUNT: $ 13,016. 2022 AMOUNT: $ 8,717. MISCELLANEOUS - 2020 AMOUNT: $ 4,205. 2023 AMOUNT: $ 100. 2024 AMOUNT: $ 150.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0836568
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0828499
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0826065
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0790465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0771211
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04052808
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt056404
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt046532
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010440
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0880
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05036
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0119292
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01781164
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04303
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt04339
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt012700
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt017111
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt013250
IRS990ScheduleA/OtherIncome170Grp/TotalAmt051703
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95950
IRS990ScheduleA/PublicSupportPY170Pct00.96810
IRS990ScheduleA/PublicSupportTotal170Amt04052808
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0836568
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0828499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0826065
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0790465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0771211
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04052808
IRS990ScheduleA/TotalSupportAmt04223803
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01377503
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02738884
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04116387
IRS990ScheduleD/EquipmentGrp/BookValueAmt06130
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049391
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt055521
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01124187
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0445971
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0445971
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0248874
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1777882
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt232694
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt317336
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01295838
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CORPORATION IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1) OF THE IRC. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01829604
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01076786
IRS990ScheduleD/TotalExpensesPerForm990Amt01124187
IRS990ScheduleD/TotalRevenuePerForm990Amt01295838
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01295838
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01124187
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED A MANAGEMENT FEE OF $49,577 FOR THE YEAR ENDED DECEMBER 31, 2024, DUE TO CORCORAN MANAGEMENT COMPANY, INC. THE MANAGEMENT FEE IS EQUAL TO 4% OF EFFECTIVE RENTAL REVENUE. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY MASSHOUSING, THE CORPORATION OR CORCORAN MANAGEMENT COMPANY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A FULL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD BEFORE FILING. THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT BEFORE IT IS SIGNED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES RELATED TO CONFLICTS OF INTEREST, WHISTLEBLOWER PROTECTION OR DOCUMENT RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 255,137. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 255,137.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02858030
IRS990/TotalAssetsEOYAmt03048978
IRS990/TotalAssetsGrp/BOYAmt02858030
IRS990/TotalAssetsGrp/EOYAmt03048978
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0836568
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073664
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01050523
IRS990/TotalFunctionalExpensesGrp/TotalAmt01124187
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02980397
IRS990/TotalLiabilitiesEOYAmt02999694
IRS990/TotalLiabilitiesGrp/BOYAmt02980397
IRS990/TotalLiabilitiesGrp/EOYAmt02999694
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-122367
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049284
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01050523
IRS990/TotalProgramServiceRevenueAmt0398563
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt056404
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0402866
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01295838
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02858030
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03048978
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O CORCORAN MGMT 100 GRANDVIEW RD
IRS990/USAddress/CityNm0BRAINTREE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002184
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.HANOVERLEGION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS BAILEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07818490011
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HANOVER LEGION ELDERLY HOUSING
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0HANO
ReturnHeader/Filer/EIN0042707590
ReturnHeader/Filer/PhoneNum07818490011
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO CORCORAN MGMT 100 GRANDVIEW RD
ReturnHeader/Filer/USAddress/CityNm0BRAINTREE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002184
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333709623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 GRANITE STREET SUITE 1200

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