High liabilities relative to assets, consistently around $2.8-$3.1 million against assets of $1.5-$2.1 million, suggesting significant debt or long-term obligations.
Strengths
Consistent 0% officer compensation, indicating strong dedication to mission and efficient use of funds.
Improved financial performance in the latest period (202406) with revenue ($617,973) significantly exceeding expenses ($453,403).
Strong program focus, as implied by the NTEE code L21 (Housing for the Elderly) and the absence of executive compensation.
Good transparency with 13 IRS 990 filings available.
Spending Breakdown
How Snhs Farmington Elderly Housing Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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 Snhs Farmington Elderly Housing Inc
Is Snhs Farmington Elderly Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Snhs Farmington Elderly Housing Inc (EIN: 20405347) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Snhs Farmington Elderly Housing Inc a good charity to donate to?
Snhs Farmington Elderly Housing Inc has a Mission Score of 85/100. Revenue: $618K. Assets: $1.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Snhs Farmington Elderly Housing Inc?
The Employer Identification Number (EIN) for Snhs Farmington Elderly Housing Inc is 20405347. 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 Snhs Farmington Elderly Housing Inc spend its money?
Snhs Farmington Elderly Housing Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Snhs Farmington Elderly Housing Inc's tax-exempt status?
You can verify Snhs Farmington Elderly Housing Inc's tax-exempt status using EIN 20405347 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
Snhs Farmington Elderly Housing Inc demonstrates a stable financial position, primarily focused on its program services. The organization consistently reports 0% officer compensation, indicating a strong commitment to directing funds towards its mission rather than executive salaries. While the organization has experienced fluctuations in revenue and expenses, the latest filing for period 202406 shows a significant increase in revenue to $617,973, exceeding expenses of $453,403, which is a positive trend compared to previous years where expenses often outpaced revenue. The organization's assets have shown a slight decline over the past decade, from $2,136,619 in 2015 to $1,663,257 in 2024, while liabilities have remained relatively high and stable around $2.8-$3.1 million, suggesting a reliance on debt or long-term obligations. However, the consistent reporting of financial data through 13 filings indicates good transparency.