Abiding Peace Senior Housing Corp
Abiding Peace Senior Housing Corp: Stable Revenue, Declining Assets, and High Administrative Costs
EIN: 222886002 · Burlington, NJ · NTEE: L210 · Updated: 2026-04-04
About Abiding Peace Senior Housing Corp
Abiding Peace Senior Housing Corp (EIN: 222886002) is a nonprofit organization based in Burlington, NJ, classified under NTEE code L210. The organization reported total revenue of $1.5M and total assets of $7.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abiding Peace Senior Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abiding Peace Senior Housing Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 35%
- programs: 55%
- fundraising: 10%
According to IRS 990 filings, Abiding Peace Senior Housing Corp allocates its expenses as follows: admin: 35%, programs: 55%, fundraising: 10%. Approximately 55% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or that compensation is not reported in a standard manner for the highest-paid individuals.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Abiding Peace Senior Housing Corp's IRS 990 filings:
- Consistent decline in total assets over the past 8 years, from $9,585,389 in 2016 to $7,455,524 in 2023, warrants further investigation into asset management and depreciation.
- Expenses consistently exceed revenue in most years (e.g., 2023: revenue $1,251,537 vs. expenses $1,449,770), leading to net losses and contributing to asset decline.
- The high proportion of administrative expenses relative to program spending, given the nature of senior housing, could be a concern if not justified by operational complexities.
Strengths
The following positive indicators were identified for Abiding Peace Senior Housing Corp:
- Consistent revenue stream over the past several years, demonstrating stable income generation.
- Low liability-to-asset ratio, indicating a relatively strong balance sheet despite asset decline.
- The organization provides essential senior housing services, fulfilling a critical community need.
Frequently Asked Questions about Abiding Peace Senior Housing Corp
What does Abiding Peace Senior Housing Corp do?
Abiding Peace Senior Housing Corp is a nonprofit organization in the Housing & Shelter sector, located in Burlington, New Jersey. It is classified under NTEE code L210.
How much revenue does Abiding Peace Senior Housing Corp have?
Abiding Peace Senior Housing Corp reported total revenue of $1,496,953. Based on 13 IRS 990 filings on record.
What are Abiding Peace Senior Housing Corp's total assets?
Abiding Peace Senior Housing Corp holds total assets of $7,455,524 as reported in IRS 990 filings.
Where is Abiding Peace Senior Housing Corp located?
Abiding Peace Senior Housing Corp is based in Burlington, New Jersey.
What is Abiding Peace Senior Housing Corp's EIN?
Abiding Peace Senior Housing Corp's Employer Identification Number (EIN) is 222886002. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Abiding Peace Senior Housing Corp?
Abiding Peace Senior Housing Corp is classified under NTEE code L210 (Housing & Shelter).
Is Abiding Peace Senior Housing Corp a registered 501(c)(3)?
Yes, Abiding Peace Senior Housing Corp is recognized as a tax-exempt organization by the IRS. EIN: 222886002.
Does Abiding Peace Senior Housing Corp file IRS Form 990?
Yes, Abiding Peace Senior Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Abiding Peace Senior Housing Corp's revenue in 2023?
In the 202312 filing period, Abiding Peace Senior Housing Corp reported total revenue of $1,251,537, total expenses of $1,449,770, and net assets of $7,571,442.
Is Abiding Peace Senior Housing Corp's revenue growing or declining?
Abiding Peace Senior Housing Corp's revenue is growing. Revenue went from $1,140,832 (202212) to $1,251,537 (202312), a +9.7% change. Based on 13 filings on record.
What is Abiding Peace Senior Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Abiding Peace Senior Housing Corp covers tax period 202312. It shows revenue of $1,251,537, expenses of $1,449,770, total assets of $7,571,442, and liabilities of $891,854.
How much does Abiding Peace Senior Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Abiding Peace Senior Housing Corp allocates approximately 55% of expenses to program services, 35% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Abiding Peace Senior Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Abiding Peace Senior Housing Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Abiding Peace Senior Housing Corp?
The following concerns were identified: Consistent decline in total assets over the past 8 years, from $9,585,389 in 2016 to $7,455,524 in 2023, warrants further investigation into asset management and depreciation.. Expenses consistently exceed revenue in most years (e.g., 2023: revenue $1,251,537 vs. expenses $1,449,770), leading to net losses and contributing to asset decline.. The high proportion of administrative expenses relative to program spending, given the nature of senior housing, could be a concern if not justified by operational complexities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Abiding Peace Senior Housing Corp's strengths?
Positive indicators for Abiding Peace Senior Housing Corp include: Consistent revenue stream over the past several years, demonstrating stable income generation.. Low liability-to-asset ratio, indicating a relatively strong balance sheet despite asset decline.. The organization provides essential senior housing services, fulfilling a critical community need.. These findings are derived from AI analysis of the organization's financial filings.
How does Abiding Peace Senior Housing Corp compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or that compensation is not reported in a standard manner for the highest-paid individuals. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets, and how does the organization plan to address this trend to ensure long-term sustainability?
The decline in assets from $9,585,389 in 2016 to $7,455,524 in 2023 is likely due to a combination of depreciation of housing properties and consistent operating losses where expenses exceed revenue. For example, in 2023, expenses ($1,449,770) exceeded revenue ($1,251,537) by nearly $200,000. The organization needs a strategy to either increase revenue, reduce expenses, or secure capital investments to reverse this trend.
Given the reported $0 executive compensation, how does the organization ensure effective leadership and management, and what is the actual cost of administrative oversight?
The reported $0 executive compensation suggests a volunteer-led model or that executive salaries are embedded within other administrative costs. While this can be a strength in terms of cost savings, it raises questions about the sustainability and professional capacity of leadership. The actual administrative oversight costs would be reflected in the 'administrative' portion of the spending breakdown, which appears to be a significant percentage of total expenses.
Filing History
IRS 990 filing history for Abiding Peace Senior Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Abiding Peace Senior Housing Corp's revenue has grown by 37.6%, moving from $909K to $1.3M. Total assets decreased by 31.1% over the same period, from $11.0M to $7.6M. Total functional expenses rose by 11.6%, from $1.3M to $1.4M. In its most recent filing year (2023), Abiding Peace Senior Housing Corp reported a deficit of $198K, with expenses exceeding revenue. The organization holds $892K in liabilities against $7.6M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $7.6M | $892K | — | — |
| 2022 | $1.1M | $1.6M | $7.7M | $807K | — | View 990 |
| 2021 | $1.1M | $1.5M | $7.9M | $528K | — | View 990 |
| 2020 | $1.1M | $1.4M | $8.2M | $455K | — | View 990 |
| 2019 | $1.1M | $1.4M | $8.4M | $346K | — | View 990 |
| 2018 | $1.1M | $1.4M | $8.7M | $302K | — | View 990 |
| 2017 | $1.1M | $1.4M | $9.0M | $342K | — | View 990 |
| 2016 | $1.0M | $1.7M | $9.6M | $569K | — | View 990 |
| 2015 | $974K | $1.3M | $9.9M | $199K | — | View 990 |
| 2014 | $1.0M | $1.3M | $10.3M | $198K | — | View 990 |
| 2013 | $953K | $1.3M | $10.5M | $179K | — | View 990 |
| 2012 | $1.0M | $1.2M | $11.3M | $549K | — | View 990 |
| 2011 | $909K | $1.3M | $11.0M | $153K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $7.6M (revenue +9.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.6M, and assets of $7.7M (revenue +0.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.5M, and assets of $7.9M (revenue +1.7% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.4M, and assets of $8.2M (revenue -0.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.4M, and assets of $8.4M (revenue +5.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.4M, and assets of $8.7M (revenue +0.0% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.4M, and assets of $9.0M (revenue +3.4% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.7M, and assets of $9.6M (revenue +6.4% year-over-year).
- 2015: Revenue of $974K, expenses of $1.3M, and assets of $9.9M (revenue -3.7% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.3M, and assets of $10.3M (revenue +6.1% year-over-year).
- 2013: Revenue of $953K, expenses of $1.3M, and assets of $10.5M (revenue -7.4% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.2M, and assets of $11.3M (revenue +13.2% year-over-year).
- 2011: Revenue of $909K, expenses of $1.3M, and assets of $11.0M.
Data Sources and Methodology
This transparency report for Abiding Peace Senior Housing Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.