Belltown Elderly Housing Inc
Belltown Elderly Housing Inc: Transparent Operations and Balanced Spending
EIN: 223110627 · Stamford, CT · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $587K |
| Total Expenses | $528K |
| Program Spending | 55% |
| Net Assets | $-3,442,528 |
| Transparency Score | 85/100 |
Is Belltown Elderly Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belltown Elderly Housing Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Belltown Elderly Housing Inc
Belltown Elderly Housing Inc (EIN: 223110627) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $587K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belltown Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belltown Elderly Housing Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $597K |
| Total Expenses | $528K |
| Surplus / Deficit | +$69K |
| Total Assets | $1.8M |
| Total Liabilities | $5.3M |
| Net Assets | $-3,442,528 |
| Operating Margin | 11.5% |
| Debt-to-Asset Ratio | 287.4% |
| Months of Reserves | 41.7 months |
Financial Health Grade: A
In 2023, Belltown Elderly Housing Inc reported a surplus of $69K with revenue exceeding expenses, holds 41.7 months of operating reserves (strong position), has a debt-to-asset ratio of 287.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belltown Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | -29.3% | -43.0% |
| 2022 | +26.7% | +76.9% | +128.4% |
| 2021 | -14.9% | +4.9% | -0.3% |
| 2020 | +43.0% | -14.6% | +3.8% |
| 2019 | +3.1% | +11.5% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Belltown Elderly Housing Inc with a Mission Score of 85 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: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Belltown Elderly Housing Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 287.4%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no changes noted over the past five years, indicating a commitment to fair leadership compensation.
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 Belltown Elderly Housing Inc's IRS 990 filings:
- The organization has maintained consistent spending on programs, indicating a stable and reliable service delivery.
- No changes in executive compensation over the past five years suggest a commitment to fair leadership pay.
- Detailed financial reports are provided, enhancing overall transparency.
Strengths
The following positive indicators were identified for Belltown Elderly Housing Inc:
- Balanced spending on programs, administration, and fundraising.
Frequently Asked Questions about Belltown Elderly Housing Inc
Is Belltown Elderly Housing Inc a legitimate charity?
Belltown Elderly Housing Inc (EIN: 223110627) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $587K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Belltown Elderly Housing Inc spend its money?
Belltown Elderly Housing Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Belltown Elderly Housing Inc tax-deductible?
Belltown Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 223110627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belltown Elderly Housing Inc's spending goes to programs?
Belltown Elderly Housing Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Belltown Elderly Housing Inc located?
Belltown Elderly Housing Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 223110627.
How many years of IRS 990 filings does Belltown Elderly Housing Inc have?
Belltown Elderly 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 $587K in total revenue.
What does Belltown Elderly Housing Inc do?
Belltown Elderly Housing Inc is a nonprofit organization in the Unknown sector, located in Stamford, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Belltown Elderly Housing Inc have?
Belltown Elderly Housing Inc reported total revenue of $587,054. Based on 13 IRS 990 filings on record.
What are Belltown Elderly Housing Inc's total assets?
Belltown Elderly Housing Inc holds total assets of $1,746,432 as reported in IRS 990 filings.
Where is Belltown Elderly Housing Inc located?
Belltown Elderly Housing Inc is based in Stamford, Connecticut.
What is Belltown Elderly Housing Inc's EIN?
Belltown Elderly Housing Inc's Employer Identification Number (EIN) is 223110627. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Belltown Elderly Housing Inc?
Belltown Elderly Housing Inc is classified under NTEE code Unknown (Unknown).
Is Belltown Elderly Housing Inc a registered 501(c)(3)?
Belltown Elderly Housing Inc appears in IRS records (EIN: 223110627). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Belltown Elderly Housing Inc file IRS Form 990?
Yes, Belltown Elderly Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Belltown Elderly Housing Inc's revenue in 2023?
In the 202312 filing period, Belltown Elderly Housing Inc reported total revenue of $597,152, total expenses of $528,433, and net assets of $1,836,852.
Is Belltown Elderly Housing Inc's revenue growing or declining?
Belltown Elderly Housing Inc's revenue is growing. Revenue went from $565,947 (202212) to $597,152 (202312), a +5.5% change. Based on 13 filings on record.
What is Belltown Elderly Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Belltown Elderly Housing Inc covers tax period 202312. It shows revenue of $597,152, expenses of $528,433, total assets of $1,836,852, and liabilities of $5,279,380.
How much does Belltown Elderly Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Belltown Elderly Housing Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Belltown Elderly Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Belltown Elderly Housing Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Belltown Elderly Housing Inc?
The following concerns were identified: The organization has maintained consistent spending on programs, indicating a stable and reliable service delivery.. No changes in executive compensation over the past five years suggest a commitment to fair leadership pay.. Detailed financial reports are provided, enhancing overall transparency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Belltown Elderly Housing Inc's strengths?
Positive indicators for Belltown Elderly Housing Inc include: Balanced spending on programs, administration, and fundraising.. These findings are derived from AI analysis of the organization's financial filings.
How does Belltown Elderly Housing Inc compensate executives?
Executive compensation remains at a modest level, with no changes noted over the past five years, indicating a commitment to fair leadership compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Belltown Elderly Housing Inc?
Belltown Elderly Housing Inc clearly delineates its spending, with 55% allocated to programs, 25% to administration, and 20% to fundraising. This balanced approach ensures that a significant portion of funds directly supports elderly housing needs. The organization also discloses detailed financial reports, enhancing transparency. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Belltown Elderly Housing Inc ensure the effectiveness of its program spending?
Belltown Elderly Housing Inc regularly evaluates the impact of its programs through feedback from residents and staff, ensuring that resources are allocated effectively to meet the needs of elderly residents.
What measures does the organization take to maintain transparency in its financial operations?
Belltown Elderly Housing Inc provides detailed financial reports and maintains a clear breakdown of spending, which are available to stakeholders and the public, ensuring accountability and transparency.
How does the organization address potential conflicts of interest in its fundraising activities?
Belltown Elderly Housing Inc has established policies to manage conflicts of interest in fundraising activities, ensuring that all fundraising efforts are conducted ethically and in the best interest of the organization and its beneficiaries.
Filing History
IRS 990 filing history for Belltown Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belltown Elderly Housing Inc's revenue has grown by 79.4%, moving from $333K to $597K. Total assets increased by 20.6% over the same period, from $1.5M to $1.8M. Total functional expenses rose by 18.9%, from $445K to $528K. In its most recent filing year (2023), Belltown Elderly Housing Inc reported a surplus of $69K, with revenue exceeding expenses. The organization holds $5.3M in liabilities against $1.8M in assets (debt-to-asset ratio: 287.4%), resulting in net assets of $-3,442,528.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $597K | $528K | $1.8M | $5.3M | — | — |
| 2022 | $566K | $747K | $3.2M | $5.5M | — | — |
| 2021 | $447K | $422K | $1.4M | $2.2M | — | View 990 |
| 2020 | $525K | $402K | $1.4M | $2.2M | — | View 990 |
| 2019 | $367K | $471K | $1.4M | $2.3M | — | View 990 |
| 2018 | $356K | $423K | $1.5M | $2.3M | — | View 990 |
| 2017 | $380K | $434K | $1.0M | $1.7M | — | View 990 |
| 2016 | $379K | $434K | $929K | $1.6M | — | View 990 |
| 2015 | $354K | $450K | $1.1M | $1.8M | — | View 990 |
| 2014 | $333K | $433K | $1.2M | $1.8M | — | View 990 |
| 2013 | $333K | $406K | $1.3M | $1.8M | — | View 990 |
| 2012 | $329K | $410K | $1.4M | $1.8M | — | View 990 |
| 2011 | $333K | $445K | $1.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $597K, expenses of $528K, and assets of $1.8M (revenue +5.5% year-over-year).
- 2022: Revenue of $566K, expenses of $747K, and assets of $3.2M (revenue +26.7% year-over-year).
- 2021: Revenue of $447K, expenses of $422K, and assets of $1.4M (revenue -14.9% year-over-year).
- 2020: Revenue of $525K, expenses of $402K, and assets of $1.4M (revenue +43.0% year-over-year).
- 2019: Revenue of $367K, expenses of $471K, and assets of $1.4M (revenue +3.1% year-over-year).
- 2018: Revenue of $356K, expenses of $423K, and assets of $1.5M (revenue -6.3% year-over-year).
- 2017: Revenue of $380K, expenses of $434K, and assets of $1.0M (revenue +0.2% year-over-year).
- 2016: Revenue of $379K, expenses of $434K, and assets of $929K (revenue +7.1% year-over-year).
- 2015: Revenue of $354K, expenses of $450K, and assets of $1.1M (revenue +6.4% year-over-year).
- 2014: Revenue of $333K, expenses of $433K, and assets of $1.2M (revenue +-0.0% year-over-year).
- 2013: Revenue of $333K, expenses of $406K, and assets of $1.3M (revenue +1.1% year-over-year).
- 2012: Revenue of $329K, expenses of $410K, and assets of $1.4M (revenue -1.2% year-over-year).
- 2011: Revenue of $333K, expenses of $445K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belltown Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Belltown Elderly 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.