Persistent operational deficits (e.g., $61,319 in 202403, $118,562 in 202303)
Declining asset base over time (from $2.4M in 2015 to $2.0M in 2024)
Liabilities significantly exceed assets (e.g., $3.5M liabilities vs. $2.0M assets in 202403)
Lack of detailed expense breakdown to fully assess program vs. administrative spending efficiency
Strengths
0% officer compensation, indicating resources are not diverted to executive salaries
Consistent filing of IRS 990 forms, demonstrating transparency
Long operational history (14 filings available), suggesting established presence
Spending Breakdown
How Epsom Elderly Housing Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Epsom Elderly Housing Inc
Is Epsom Elderly Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Epsom Elderly Housing Inc (EIN: 20490112) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 3 strengths noted.
Is Epsom Elderly Housing Inc a good charity to donate to?
Epsom Elderly Housing Inc has a Mission Score of 60/100. Revenue: $429K. Assets: $2.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Epsom Elderly Housing Inc?
The Employer Identification Number (EIN) for Epsom Elderly Housing Inc is 20490112. 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 Epsom Elderly Housing Inc spend its money?
Epsom Elderly Housing Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Epsom Elderly Housing Inc's tax-exempt status?
You can verify Epsom Elderly Housing Inc's tax-exempt status using EIN 20490112 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
Epsom Elderly Housing Inc. demonstrates consistent operational deficits over the past several years, with expenses regularly exceeding revenue. For instance, in the 202403 period, expenses were $535,240 against revenues of $473,921, resulting in a deficit of over $61,000. This trend is visible across multiple years, indicating a reliance on existing assets or other funding sources to cover operational costs. The organization's assets have also shown a declining trend, from $2,436,010 in 201503 to $2,047,003 in 202403, while liabilities have remained relatively stable and significantly higher than assets, suggesting a potentially leveraged financial structure.
Despite these financial challenges, the organization reports 0% officer compensation across all available filings, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. However, the consistent deficits and declining asset base raise questions about long-term financial sustainability. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency, but the absence of officer compensation suggests a lean operational approach at the leadership level.
The organization's transparency is generally good through its consistent 990 filings. However, the significant and persistent gap between assets and liabilities, with liabilities consistently around $3.5 million while assets hover around $2 million, warrants further investigation to understand the nature of these liabilities and their impact on the organization's financial health and future capacity to serve its mission.