Abingdon Senior Housing Inc
Abingdon Senior Housing Inc. consistently operates at a deficit, with expenses exceeding revenue for most of the past decade.
EIN: 202404048 · Timonium, MD · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $686K |
| Total Expenses | $798K |
| Program Spending | 85% |
| Net Assets | $-2,263,256 |
| Transparency Score | 65/100 |
Is Abingdon Senior Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Abingdon Senior Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Abingdon Senior Housing Inc
Abingdon Senior Housing Inc (EIN: 202404048) is a nonprofit organization based in Timonium, MD, classified under NTEE code L22. The organization reported total revenue of $686K and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Abingdon Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Abingdon Senior Housing Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $674K |
| Total Expenses | $798K |
| Surplus / Deficit | $-123,848 |
| Total Assets | $5.0M |
| Total Liabilities | $7.3M |
| Net Assets | $-2,263,256 |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 144.9% |
| Months of Reserves | 75.7 months |
Financial Health Grade: C
In 2023, Abingdon Senior Housing Inc reported a deficit of $124K with expenses exceeding revenue, holds 75.7 months of operating reserves (strong position), has a debt-to-asset ratio of 144.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Abingdon Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +1.8% | -1.8% |
| 2022 | +4.7% | +5.2% | -1.2% |
| 2021 | +4.0% | +4.4% | -3.6% |
| 2020 | +7.3% | +2.0% | -2.7% |
| 2019 | -0.4% | -8.5% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Abingdon Senior Housing Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Abingdon Senior Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 144.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly efficient for a nonprofit of its size.
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 Abingdon Senior Housing Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) for most reported periods.
- Declining asset base over the past decade, from $6,032,961 in 2014 to $5,038,366 in 2023.
- Liabilities significantly exceed assets, indicating a potentially high debt burden or other long-term obligations.
Strengths
The following positive indicators were identified for Abingdon Senior Housing Inc:
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay.
- Clear mission focus on housing for the elderly (NTEE L22).
- Long filing history (13 filings) demonstrates consistent reporting and transparency.
Frequently Asked Questions about Abingdon Senior Housing Inc
Is Abingdon Senior Housing Inc a legitimate charity?
Abingdon Senior Housing Inc (EIN: 202404048) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $686K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Abingdon Senior Housing Inc spend its money?
Abingdon Senior Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Abingdon Senior Housing Inc tax-deductible?
Abingdon Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 202404048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Abingdon Senior Housing Inc's spending goes to programs?
Abingdon Senior Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Abingdon Senior Housing Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Abingdon Senior Housing Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Abingdon Senior Housing Inc located?
Abingdon Senior Housing Inc is headquartered in Timonium, Maryland and files with the IRS under EIN 202404048. It is classified under NTEE code L22.
How many years of IRS 990 filings does Abingdon Senior Housing Inc have?
Abingdon Senior Housing Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $686K in total revenue.
How does Abingdon Senior Housing Inc. cover its consistent operational deficits?
The filings show consistent expenses exceeding revenue. This suggests the organization may be drawing down reserves, receiving non-operating income not fully detailed in the revenue section, or relying on other financial mechanisms to cover the gap.
What is the nature of the organization's significant liabilities?
With liabilities consistently around $7.2 million, significantly higher than assets, it's crucial to understand if these are long-term mortgages, bonds, or other obligations related to its housing mission.
Is the decline in assets a significant concern for the organization's future?
The decline in assets from over $6 million in 2014 to $5 million in 2023, coupled with persistent deficits, is a significant concern for long-term financial stability and sustainability.
Filing History
IRS 990 filing history for Abingdon Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Abingdon Senior Housing Inc's revenue has grown by 50.5%, moving from $448K to $674K. Total assets decreased by 22.2% over the same period, from $6.5M to $5.0M. Total functional expenses rose by 30.6%, from $611K to $798K. In its most recent filing year (2023), Abingdon Senior Housing Inc reported a deficit of $124K, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $5.0M in assets (debt-to-asset ratio: 144.9%), resulting in net assets of $-2,263,256.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $674K | $798K | $5.0M | $7.3M | — | — |
| 2022 | $625K | $784K | $5.1M | $7.3M | — | View 990 |
| 2021 | $598K | $746K | $5.2M | $7.2M | — | — |
| 2020 | $575K | $714K | $5.4M | $7.2M | — | View 990 |
| 2019 | $535K | $700K | $5.5M | $7.2M | — | View 990 |
| 2018 | $537K | $765K | $5.7M | $7.3M | — | View 990 |
| 2017 | $746K | $688K | $5.9M | $7.2M | — | View 990 |
| 2016 | $501K | $648K | $5.8M | $7.2M | — | View 990 |
| 2015 | $506K | $649K | $6.0M | $7.2M | — | View 990 |
| 2014 | $474K | $621K | $6.0M | $7.1M | — | View 990 |
| 2013 | $469K | $640K | $6.2M | $7.2M | — | View 990 |
| 2012 | $490K | $614K | $6.4M | $7.1M | — | View 990 |
| 2011 | $448K | $611K | $6.5M | $7.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $674K, expenses of $798K, and assets of $5.0M (revenue +7.8% year-over-year).
- 2022: Revenue of $625K, expenses of $784K, and assets of $5.1M (revenue +4.7% year-over-year).
- 2021: Revenue of $598K, expenses of $746K, and assets of $5.2M (revenue +4.0% year-over-year).
- 2020: Revenue of $575K, expenses of $714K, and assets of $5.4M (revenue +7.3% year-over-year).
- 2019: Revenue of $535K, expenses of $700K, and assets of $5.5M (revenue -0.4% year-over-year).
- 2018: Revenue of $537K, expenses of $765K, and assets of $5.7M (revenue -27.9% year-over-year).
- 2017: Revenue of $746K, expenses of $688K, and assets of $5.9M (revenue +48.8% year-over-year).
- 2016: Revenue of $501K, expenses of $648K, and assets of $5.8M (revenue -1.0% year-over-year).
- 2015: Revenue of $506K, expenses of $649K, and assets of $6.0M (revenue +6.9% year-over-year).
- 2014: Revenue of $474K, expenses of $621K, and assets of $6.0M (revenue +1.1% year-over-year).
- 2013: Revenue of $469K, expenses of $640K, and assets of $6.2M (revenue -4.3% year-over-year).
- 2012: Revenue of $490K, expenses of $614K, and assets of $6.4M (revenue +9.3% year-over-year).
- 2011: Revenue of $448K, expenses of $611K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Abingdon Senior Housing Inc:
Data Sources and Methodology
This transparency report for Abingdon Senior Housing Inc 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.