Corinthian Square Senior Citizen Housing Corp
Corinthian Square: Stable Finances, Consistent Mission
EIN: 222807757 · Philadelphia, PA · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| Net Assets | $-530,051 |
| Transparency Score | 85/100 |
Is Corinthian Square Senior Citizen Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Corinthian Square Senior Citizen Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Corinthian Square Senior Citizen Housing Corp
Corinthian Square Senior Citizen Housing Corp (EIN: 222807757) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code L22Z. The organization reported total revenue of $1.1M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corinthian Square Senior Citizen Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corinthian Square Senior Citizen Housing Corp is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$54K |
| Total Assets | $2.7M |
| Total Liabilities | $3.2M |
| Net Assets | $-530,051 |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 119.5% |
| Months of Reserves | 32.0 months |
Financial Health Grade: A
In 2023, Corinthian Square Senior Citizen Housing Corp reported a surplus of $54K with revenue exceeding expenses, holds 32.0 months of operating reserves (strong position), has a debt-to-asset ratio of 119.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Corinthian Square Senior Citizen Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.6% | -0.8% | -4.9% |
| 2022 | -0.7% | +1.2% | +21.7% |
| 2021 | +2.1% | +8.0% | -5.1% |
| 2020 | +3.8% | -4.3% | -2.3% |
| 2019 | +1.7% | +4.8% | -6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Corinthian Square Senior Citizen Housing Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Corinthian Square Senior Citizen Housing Corp 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 surplus of $54K, with revenue exceeding expenses.
- Debt-to-asset ratio: 119.5%.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting that the organization operates with volunteer leadership or through a management company that handles compensation externally.
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 Corinthian Square Senior Citizen Housing Corp's IRS 990 filings:
- Lack of detailed program expense breakdown beyond general housing services.
- No information on specific impact metrics or resident outcomes.
Strengths
The following positive indicators were identified for Corinthian Square Senior Citizen Housing Corp:
- Consistent revenue generation over multiple years, demonstrating financial stability.
- Low administrative and fundraising costs, indicating efficient use of funds.
- Clear and consistent mission focused on senior citizen housing.
- Positive net assets maintained over the reporting period.
Frequently Asked Questions about Corinthian Square Senior Citizen Housing Corp
Is Corinthian Square Senior Citizen Housing Corp a legitimate charity?
Corinthian Square Senior Citizen Housing Corp (EIN: 222807757) is a registered tax-exempt nonprofit based in Pennsylvania. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Corinthian Square Senior Citizen Housing Corp spend its money?
Corinthian Square Senior Citizen Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Corinthian Square Senior Citizen Housing Corp tax-deductible?
Corinthian Square Senior Citizen Housing Corp is registered as a tax-exempt nonprofit (EIN: 222807757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Corinthian Square Senior Citizen Housing Corp's spending goes to programs?
Corinthian Square Senior Citizen Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Corinthian Square Senior Citizen Housing Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Corinthian Square Senior Citizen Housing Corp 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 Corinthian Square Senior Citizen Housing Corp located?
Corinthian Square Senior Citizen Housing Corp is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222807757. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Corinthian Square Senior Citizen Housing Corp have?
Corinthian Square Senior Citizen Housing Corp 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 $1.1M in total revenue.
What does Corinthian Square Senior Citizen Housing Corp do?
Corinthian Square Senior Citizen Housing Corp is a nonprofit organization in the Housing & Shelter sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code L22Z.
How much revenue does Corinthian Square Senior Citizen Housing Corp have?
Corinthian Square Senior Citizen Housing Corp reported total revenue of $1,102,684. Based on 13 IRS 990 filings on record.
What are Corinthian Square Senior Citizen Housing Corp's total assets?
Corinthian Square Senior Citizen Housing Corp holds total assets of $2,591,260 as reported in IRS 990 filings.
Where is Corinthian Square Senior Citizen Housing Corp located?
Corinthian Square Senior Citizen Housing Corp is based in Philadelphia, Pennsylvania.
What is Corinthian Square Senior Citizen Housing Corp's EIN?
Corinthian Square Senior Citizen Housing Corp's Employer Identification Number (EIN) is 222807757. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Corinthian Square Senior Citizen Housing Corp?
Corinthian Square Senior Citizen Housing Corp is classified under NTEE code L22Z (Housing & Shelter).
Is Corinthian Square Senior Citizen Housing Corp a registered 501(c)(3)?
Yes, Corinthian Square Senior Citizen Housing Corp is recognized as a tax-exempt organization by the IRS. EIN: 222807757.
Does Corinthian Square Senior Citizen Housing Corp file IRS Form 990?
Yes, Corinthian Square Senior Citizen Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Corinthian Square Senior Citizen Housing Corp's revenue in 2023?
In the 202312 filing period, Corinthian Square Senior Citizen Housing Corp reported total revenue of $1,073,805, total expenses of $1,020,054, and net assets of $2,717,227.
Is Corinthian Square Senior Citizen Housing Corp's revenue growing or declining?
Corinthian Square Senior Citizen Housing Corp's revenue is relatively stable. Revenue went from $1,036,049 (202212) to $1,073,805 (202312), a +3.6% change. Based on 13 filings on record.
What is Corinthian Square Senior Citizen Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Corinthian Square Senior Citizen Housing Corp covers tax period 202312. It shows revenue of $1,073,805, expenses of $1,020,054, total assets of $2,717,227, and liabilities of $3,247,278.
How much does Corinthian Square Senior Citizen Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Corinthian Square Senior Citizen Housing Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Corinthian Square Senior Citizen Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Corinthian Square Senior Citizen Housing Corp appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Corinthian Square Senior Citizen Housing Corp?
The following concerns were identified: Lack of detailed program expense breakdown beyond general housing services.. No information on specific impact metrics or resident outcomes.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Corinthian Square Senior Citizen Housing Corp's strengths?
Positive indicators for Corinthian Square Senior Citizen Housing Corp include: Consistent revenue generation over multiple years, demonstrating financial stability.. Low administrative and fundraising costs, indicating efficient use of funds.. Clear and consistent mission focused on senior citizen housing.. Positive net assets maintained over the reporting period.. These findings are derived from AI analysis of the organization's financial filings.
How does Corinthian Square Senior Citizen Housing Corp compensate executives?
Executive compensation is not reported in the available filings, suggesting that the organization operates with volunteer leadership or through a management company that handles compensation externally. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Corinthian Square Senior Citizen Housing Corp?
- Financial data consistently reported over 7 years, showing stable revenue and expenses. - No compensation reported for officers, directors, trustees, or key employees, indicating a volunteer-led or externally managed structure. - Program service accomplishments are consistently described as providing housing for senior citizens. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and expenses, what specific strategies does Corinthian Square employ to maintain its financial stability in the senior housing market?
The consistent financial performance suggests effective long-term planning, potentially through stable rental income, government subsidies, or a combination of both, ensuring predictable cash flow for operations.
How does the absence of reported executive compensation impact the organization's operational model and governance structure?
The lack of reported executive compensation implies either a fully volunteer-run leadership, or that executive functions are outsourced to a management company, which could affect direct oversight and accountability within the organization itself.
Filing History
IRS 990 filing history for Corinthian Square Senior Citizen Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Corinthian Square Senior Citizen Housing Corp's revenue has grown by 17.8%, moving from $912K to $1.1M. Total assets decreased by 14.4% over the same period, from $3.2M to $2.7M. Total functional expenses rose by 4%, from $981K to $1.0M. In its most recent filing year (2023), Corinthian Square Senior Citizen Housing Corp reported a surplus of $54K, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $2.7M in assets (debt-to-asset ratio: 119.5%), resulting in net assets of $-530,051.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $2.7M | $3.2M | — | — |
| 2022 | $1.0M | $1.0M | $2.9M | $3.4M | — | — |
| 2021 | $1.0M | $1.0M | $2.3M | $2.9M | — | View 990 |
| 2020 | $1.0M | $941K | $2.5M | $3.1M | — | View 990 |
| 2019 | $984K | $984K | $2.5M | $3.2M | — | View 990 |
| 2018 | $968K | $938K | $2.7M | $3.4M | — | View 990 |
| 2017 | $935K | $868K | $2.7M | $3.5M | — | View 990 |
| 2016 | $906K | $852K | $2.8M | $3.6M | — | View 990 |
| 2015 | $895K | $870K | $2.8M | $3.7M | — | View 990 |
| 2014 | $918K | $969K | $2.9M | $3.8M | — | View 990 |
| 2013 | $951K | $936K | $3.0M | $3.8M | — | View 990 |
| 2012 | $919K | $937K | $3.1M | $3.9M | — | View 990 |
| 2011 | $912K | $981K | $3.2M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $2.7M (revenue +3.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $2.9M (revenue -0.7% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $2.3M (revenue +2.1% year-over-year).
- 2020: Revenue of $1.0M, expenses of $941K, and assets of $2.5M (revenue +3.8% year-over-year).
- 2019: Revenue of $984K, expenses of $984K, and assets of $2.5M (revenue +1.7% year-over-year).
- 2018: Revenue of $968K, expenses of $938K, and assets of $2.7M (revenue +3.5% year-over-year).
- 2017: Revenue of $935K, expenses of $868K, and assets of $2.7M (revenue +3.2% year-over-year).
- 2016: Revenue of $906K, expenses of $852K, and assets of $2.8M (revenue +1.2% year-over-year).
- 2015: Revenue of $895K, expenses of $870K, and assets of $2.8M (revenue -2.6% year-over-year).
- 2014: Revenue of $918K, expenses of $969K, and assets of $2.9M (revenue -3.5% year-over-year).
- 2013: Revenue of $951K, expenses of $936K, and assets of $3.0M (revenue +3.5% year-over-year).
- 2012: Revenue of $919K, expenses of $937K, and assets of $3.1M (revenue +0.8% year-over-year).
- 2011: Revenue of $912K, expenses of $981K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corinthian Square Senior Citizen Housing Corp:
Data Sources and Methodology
This transparency report for Corinthian Square Senior Citizen 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.