Consistent operating deficits: Expenses have exceeded revenue every year from 2016 to 2023, with a deficit of $164,539 in 2023 ($988,959 expenses vs. $824,420 revenue).
Declining assets: Total assets have steadily decreased from $2,439,444 in 2016 to $1,189,279 in 2023.
Significant long-term liabilities: Liabilities consistently exceed $6 million, significantly higher than total assets, raising concerns about solvency.
Strengths
Consistent revenue generation: Despite deficits, the organization has maintained a relatively stable revenue stream over the years, ranging from $653,474 in 2016 to $824,420 in 2023.
Low administrative and fundraising overhead (implied): The 0% compensation suggests a highly efficient or volunteer-driven operational model, potentially maximizing funds for programs.
AI Transparency Report
Middlebury Senior Housing Associates Inc is a unknown nonprofit based in Middlebury, Connecticut, with reported revenue of $823K and assets of $1.3M. Our AI analysis assigns a Mission Score of 60/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is reported as $0 across all filings, suggesting a volunteer-led organization or that compensation is handled by an external management company not reflected in these specific filings. Revenue has grown +37% across 13 filing periods.