Consistent operating deficits (e.g., $172,052 in 2023, $220,742 in 2022)
Liabilities significantly exceed assets ($3,765,609 liabilities vs. $2,527,405 assets in 2023)
Declining asset base over time (from $3,042,402 in 2015 to $2,527,405 in 2023)
Strengths
No reported officer compensation, indicating efficient use of funds at the leadership level.
Focus on senior housing (NTEE L22) addresses a critical community need.
Spending Breakdown
How Hegemon Crest Senior Housing Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hegemon Crest Senior Housing Inc
Is Hegemon Crest Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hegemon Crest Senior Housing Inc (EIN: 201535531) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
Is Hegemon Crest Senior Housing Inc a good charity to donate to?
Hegemon Crest Senior Housing Inc has a Mission Score of 45/100. Revenue: $613K. Assets: $2.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hegemon Crest Senior Housing Inc?
The Employer Identification Number (EIN) for Hegemon Crest Senior Housing Inc is 201535531. 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 Hegemon Crest Senior Housing Inc spend its money?
Hegemon Crest Senior Housing Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hegemon Crest Senior Housing Inc's tax-exempt status?
You can verify Hegemon Crest Senior Housing Inc's tax-exempt status using EIN 201535531 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
Hegemon Crest Senior Housing Inc. exhibits concerning financial trends, particularly a consistent pattern of operating deficits. In 2023, the organization reported revenues of $425,694 against expenses of $597,746, resulting in a significant shortfall. This trend is not isolated, as expenses have exceeded revenues in most recent years (e.g., 2022: $387,535 revenue vs. $608,277 expenses; 2021: $396,436 revenue vs. $543,998 expenses). While the organization's assets are substantial at $2,527,405 in 2023, its liabilities have consistently outpaced assets, reaching $3,765,609 in 2023, indicating a negative net asset position. This long-term financial instability raises questions about its sustainability and ability to meet future obligations. The absence of reported officer compensation suggests a volunteer-led or minimally compensated leadership structure, which can be a positive for efficiency, but the overall financial health remains precarious.