Consistent operational deficits (expenses exceeding revenue) for most reported periods.
Declining asset base over the past decade, from $6,032,961 in 2014 to $5,038,366 in 2023.
Liabilities significantly exceed assets, indicating a potentially high debt burden or other long-term obligations.
Strengths
Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
Clear mission focus on housing for the elderly (NTEE L22).
Long filing history (13 filings) demonstrates consistent reporting and transparency.
Spending Breakdown
How Abingdon Senior Housing Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Abingdon Senior Housing Inc
Is Abingdon Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Abingdon Senior Housing Inc (EIN: 202404048) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Abingdon Senior Housing Inc a good charity to donate to?
Abingdon Senior Housing Inc has a Mission Score of 65/100. Revenue: $686K. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Abingdon Senior Housing Inc?
The Employer Identification Number (EIN) for Abingdon Senior Housing Inc is 202404048. 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 Abingdon Senior Housing Inc spend its money?
Abingdon Senior Housing Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Abingdon Senior Housing Inc's tax-exempt status?
You can verify Abingdon Senior Housing Inc's tax-exempt status using EIN 202404048 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
Abingdon Senior Housing Inc. consistently reports expenses exceeding revenue, as seen in the latest 202306 filing where expenses were $798,193 against revenue of $674,345. This trend of operating at a deficit has been ongoing for several years, leading to a gradual decline in assets from $6,032,961 in 2014 to $5,038,366 in 2023. While the organization's mission is clear (NTEE L22 - Housing for the Elderly), the sustained operational deficits raise concerns about long-term financial sustainability. The absence of reported officer compensation across all filings suggests a commitment to minimizing administrative overhead, which is a positive indicator of efficiency in that specific area.
The organization's liabilities have remained relatively stable, hovering around $7.2 million, which significantly exceeds its current assets of $5,038,366. This indicates a substantial reliance on debt or other long-term obligations. The consistent reporting of zero officer compensation is a strong point for transparency and efficiency regarding executive pay. However, the overall financial health is challenged by the persistent negative net income and declining asset base, suggesting that the organization may be drawing down reserves or relying on non-operating income not fully captured in the revenue figures to cover its expenses.