Alton Housing For The Elderly Inc
Alton Housing For The Elderly Inc consistently operates with surpluses and no executive compensation, significantly reducing liabilities over the past decade.
EIN: 20371590 · Concord, NH · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $448K |
| Total Expenses | $280K |
| Program Spending | 90% |
| Net Assets | $499K |
| Transparency Score | 92/100 |
Is Alton Housing For The Elderly Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Alton Housing For The Elderly Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Alton Housing For The Elderly Inc
Alton Housing For The Elderly Inc (EIN: 20371590) is a nonprofit organization based in Concord, NH, classified under NTEE code L22Z. The organization reported total revenue of $448K and total assets of $716K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Alton Housing For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Alton Housing For The Elderly Inc is a small nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $280K |
| Surplus / Deficit | +$121K |
| Total Assets | $717K |
| Total Liabilities | $217K |
| Net Assets | $499K |
| Operating Margin | 30.3% |
| Debt-to-Asset Ratio | 30.3% |
| Months of Reserves | 30.7 months |
Financial Health Grade: A
In 2024, Alton Housing For The Elderly Inc reported a surplus of $121K with revenue exceeding expenses, holds 30.7 months of operating reserves (strong position), has a debt-to-asset ratio of 30.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Alton Housing For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.5% | -20.2% | +0.9% |
| 2023 | -9.2% | -2.9% | -2.4% |
| 2022 | +2.9% | +13.0% | -0.3% |
| 2021 | +1.4% | +2.1% | -1.1% |
| 2020 | +6.9% | -8.9% | +18.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Alton Housing For The Elderly Inc with a Mission Score of 92 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Alton Housing For The Elderly Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $121K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.3%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led leadership structure.
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 Alton Housing For The Elderly Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided summary data, making precise efficiency calculations difficult.
Strengths
The following positive indicators were identified for Alton Housing For The Elderly Inc:
- Consistent financial surpluses (e.g., $121,462 in 2024) indicating sound financial management.
- Significant reduction in liabilities over time (from $769,002 in 2015 to $217,394 in 2024).
- 0% officer compensation reported across all filings, suggesting high dedication to mission and efficient use of funds.
- Stable revenue streams and asset base, demonstrating long-term sustainability.
- Consistent IRS 990 filing history (14 filings), indicating transparency and compliance.
Frequently Asked Questions about Alton Housing For The Elderly Inc
Is Alton Housing For The Elderly Inc a legitimate charity?
Alton Housing For The Elderly Inc (EIN: 20371590) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $448K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Alton Housing For The Elderly Inc spend its money?
Alton Housing For The Elderly Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Alton Housing For The Elderly Inc tax-deductible?
Alton Housing For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 20371590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Alton Housing For The Elderly Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Alton Housing For The Elderly Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Alton Housing For The Elderly Inc located?
Alton Housing For The Elderly Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20371590. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Alton Housing For The Elderly Inc have?
Alton Housing For The Elderly Inc has 14 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 $448K in total revenue.
Is Alton Housing For The Elderly Inc a good charity?
Based on the available financial data, Alton Housing For The Elderly Inc appears to be a very good charity. It consistently operates with surpluses, has significantly reduced its liabilities, and reports 0% officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Liabilities have decreased from $769,002 in 2015 to $217,394 in 2024, while assets have remained stable, indicating a stronger balance sheet and reduced debt burden.
What is the organization's approach to executive compensation?
Alton Housing For The Elderly Inc reports 0% officer compensation in all available filings, indicating that its leadership operates on a volunteer basis or that compensation is covered by other means not reported as officer compensation on the 990.
Filing History
IRS 990 filing history for Alton Housing For The Elderly Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Alton Housing For The Elderly Inc's revenue has grown by 17.1%, moving from $342K to $401K. Total assets increased by 10.1% over the same period, from $651K to $717K. Total functional expenses fell by 13.7%, from $324K to $280K. In its most recent filing year (2024), Alton Housing For The Elderly Inc reported a surplus of $121K, with revenue exceeding expenses. The organization holds $217K in liabilities against $717K in assets (debt-to-asset ratio: 30.3%), resulting in net assets of $499K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $401K | $280K | $717K | $217K | — | — |
| 2023 | $395K | $351K | $710K | $332K | — | View 990 |
| 2022 | $435K | $361K | $727K | $394K | — | View 990 |
| 2021 | $423K | $320K | $730K | $470K | — | View 990 |
| 2020 | $417K | $313K | $738K | $582K | — | View 990 |
| 2019 | $391K | $344K | $623K | $571K | — | View 990 |
| 2018 | $378K | $354K | $634K | $628K | — | — |
| 2017 | $390K | $335K | $662K | $681K | — | View 990 |
| 2016 | $383K | $327K | $649K | $723K | — | View 990 |
| 2015 | $369K | $340K | $640K | $769K | — | View 990 |
| 2014 | $364K | $348K | $658K | $815K | — | View 990 |
| 2013 | $365K | $332K | $679K | $852K | — | View 990 |
| 2012 | $362K | $317K | $655K | $861K | — | View 990 |
| 2011 | $342K | $324K | $651K | $902K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $401K, expenses of $280K, and assets of $717K (revenue +1.5% year-over-year).
- 2023: Revenue of $395K, expenses of $351K, and assets of $710K (revenue -9.2% year-over-year).
- 2022: Revenue of $435K, expenses of $361K, and assets of $727K (revenue +2.9% year-over-year).
- 2021: Revenue of $423K, expenses of $320K, and assets of $730K (revenue +1.4% year-over-year).
- 2020: Revenue of $417K, expenses of $313K, and assets of $738K (revenue +6.9% year-over-year).
- 2019: Revenue of $391K, expenses of $344K, and assets of $623K (revenue +3.3% year-over-year).
- 2018: Revenue of $378K, expenses of $354K, and assets of $634K (revenue -2.9% year-over-year).
- 2017: Revenue of $390K, expenses of $335K, and assets of $662K (revenue +1.8% year-over-year).
- 2016: Revenue of $383K, expenses of $327K, and assets of $649K (revenue +3.8% year-over-year).
- 2015: Revenue of $369K, expenses of $340K, and assets of $640K (revenue +1.3% year-over-year).
- 2014: Revenue of $364K, expenses of $348K, and assets of $658K (revenue -0.4% year-over-year).
- 2013: Revenue of $365K, expenses of $332K, and assets of $679K (revenue +1.0% year-over-year).
- 2012: Revenue of $362K, expenses of $317K, and assets of $655K (revenue +5.6% year-over-year).
- 2011: Revenue of $342K, expenses of $324K, and assets of $651K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Alton Housing For The Elderly Inc:
Data Sources and Methodology
This transparency report for Alton Housing For The Elderly 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.