Easthampton Housing For The Elderly Inc
Easthampton Housing For The Elderly Inc: Stable Operations, Declining Assets
EIN: 222966917 · Boston, MA · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $805K |
| Total Expenses | $702K |
| Program Spending | 85% |
| Net Assets | $-718,553 |
| Transparency Score | 75/100 |
Is Easthampton 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 →
Easthampton Housing For The Elderly Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Easthampton Housing For The Elderly Inc
Easthampton Housing For The Elderly Inc (EIN: 222966917) is a nonprofit organization based in Boston, MA, classified under NTEE code L20Z. The organization reported total revenue of $805K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Easthampton Housing For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Easthampton Housing For The Elderly Inc is a small nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $774K |
| Total Expenses | $702K |
| Surplus / Deficit | +$72K |
| Total Assets | $1.4M |
| Total Liabilities | $2.1M |
| Net Assets | $-718,553 |
| Operating Margin | 9.3% |
| Debt-to-Asset Ratio | 152.4% |
| Months of Reserves | 23.4 months |
Financial Health Grade: A
In 2023, Easthampton Housing For The Elderly Inc reported a surplus of $72K with revenue exceeding expenses, holds 23.4 months of operating reserves (strong position), has a debt-to-asset ratio of 152.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Easthampton Housing For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.3% | -3.6% | +6.0% |
| 2022 | +1.0% | +9.4% | -8.5% |
| 2021 | +3.3% | +4.2% | -3.6% |
| 2020 | +1.3% | -17.9% | -2.9% |
| 2019 | +0.9% | +18.0% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Easthampton Housing For The Elderly Inc with a Mission Score of 75 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, Easthampton Housing For The Elderly 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 surplus of $72K, with revenue exceeding expenses.
- Debt-to-asset ratio: 152.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or absorbed within broader administrative costs, as total expenses are consistently close to total revenue.
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 Easthampton Housing For The Elderly Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $1,824,218 in 2016 to $1,356,341 in 2023, which warrants further investigation.
- The organization consistently reports 0% compensation, which may indicate a reliance on volunteer staff or that compensation is not separately itemized in the provided data.
Strengths
The following positive indicators were identified for Easthampton Housing For The Elderly Inc:
- Consistent revenue generation over the past several years, indicating stable funding sources.
- Expenses are consistently managed close to revenue, suggesting fiscal prudence.
- Long operational history with consistent annual filings.
Frequently Asked Questions about Easthampton Housing For The Elderly Inc
Is Easthampton Housing For The Elderly Inc a legitimate charity?
Easthampton Housing For The Elderly Inc (EIN: 222966917) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $805K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Easthampton Housing For The Elderly Inc spend its money?
Easthampton Housing For The Elderly Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Easthampton Housing For The Elderly Inc tax-deductible?
Easthampton Housing For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 222966917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Easthampton Housing For The Elderly Inc's spending goes to programs?
Easthampton Housing For The Elderly Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Easthampton Housing For The Elderly Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Easthampton Housing For The Elderly Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Easthampton Housing For The Elderly Inc located?
Easthampton Housing For The Elderly Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 222966917. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Easthampton Housing For The Elderly Inc have?
Easthampton Housing For The Elderly Inc has 12 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 $805K in total revenue.
What does Easthampton Housing For The Elderly Inc do?
Easthampton Housing For The Elderly Inc is a nonprofit organization in the Housing & Shelter sector, located in Boston, Massachusetts. It is classified under NTEE code L20Z.
How much revenue does Easthampton Housing For The Elderly Inc have?
Easthampton Housing For The Elderly Inc reported total revenue of $805,241. Based on 12 IRS 990 filings on record.
What are Easthampton Housing For The Elderly Inc's total assets?
Easthampton Housing For The Elderly Inc holds total assets of $1,356,341 as reported in IRS 990 filings.
Where is Easthampton Housing For The Elderly Inc located?
Easthampton Housing For The Elderly Inc is based in Boston, Massachusetts.
What is Easthampton Housing For The Elderly Inc's EIN?
Easthampton Housing For The Elderly Inc's Employer Identification Number (EIN) is 222966917. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Easthampton Housing For The Elderly Inc?
Easthampton Housing For The Elderly Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Easthampton Housing For The Elderly Inc a registered 501(c)(3)?
Yes, Easthampton Housing For The Elderly Inc is recognized as a tax-exempt organization by the IRS. EIN: 222966917.
Does Easthampton Housing For The Elderly Inc file IRS Form 990?
Yes, Easthampton Housing For The Elderly Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Easthampton Housing For The Elderly Inc's revenue in 2023?
In the 202306 filing period, Easthampton Housing For The Elderly Inc reported total revenue of $773,843, total expenses of $702,233, and net assets of $1,370,589.
Is Easthampton Housing For The Elderly Inc's revenue growing or declining?
Easthampton Housing For The Elderly Inc's revenue is growing. Revenue went from $677,124 (202206) to $773,843 (202306), a +14.3% change. Based on 12 filings on record.
What is Easthampton Housing For The Elderly Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Easthampton Housing For The Elderly Inc covers tax period 202306. It shows revenue of $773,843, expenses of $702,233, total assets of $1,370,589, and liabilities of $2,089,142.
How much does Easthampton Housing For The Elderly Inc spend on programs vs administration?
Based on IRS 990 analysis, Easthampton Housing For The Elderly Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Easthampton Housing For The Elderly Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Easthampton Housing For The Elderly Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Easthampton Housing For The Elderly Inc?
The following concerns were identified: Total assets have shown a consistent decline from $1,824,218 in 2016 to $1,356,341 in 2023, which warrants further investigation.. The organization consistently reports 0% compensation, which may indicate a reliance on volunteer staff or that compensation is not separately itemized in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Easthampton Housing For The Elderly Inc's strengths?
Positive indicators for Easthampton Housing For The Elderly Inc include: Consistent revenue generation over the past several years, indicating stable funding sources.. Expenses are consistently managed close to revenue, suggesting fiscal prudence.. Long operational history with consistent annual filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Easthampton Housing For The Elderly Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or absorbed within broader administrative costs, as total expenses are consistently close to total revenue. 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 over the past 7 years, from $1,824,218 in 2016 to $1,356,341 in 2023?
The data provided does not specify the nature of the assets or the reasons for their decline, but it could be due to depreciation of property, plant, and equipment, or strategic divestment of non-core assets.
Given the consistent reporting of 0% compensation, how does the organization manage its operations and leadership?
This suggests a strong reliance on volunteer leadership and staff, or that compensation is categorized under other expense lines, which would require further detail from their full financial statements to clarify.
Filing History
IRS 990 filing history for Easthampton Housing For The Elderly Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Easthampton Housing For The Elderly Inc's revenue has grown by 35.2%, moving from $573K to $774K. Total assets decreased by 33.6% over the same period, from $2.1M to $1.4M. Total functional expenses rose by 21.7%, from $577K to $702K. In its most recent filing year (2023), Easthampton Housing For The Elderly Inc reported a surplus of $72K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $1.4M in assets (debt-to-asset ratio: 152.4%), resulting in net assets of $-718,553.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $774K | $702K | $1.4M | $2.1M | — | View 990 |
| 2022 | $677K | $729K | $1.3M | $2.1M | — | View 990 |
| 2021 | $671K | $666K | $1.4M | $2.2M | — | View 990 |
| 2020 | $649K | $640K | $1.5M | $2.2M | — | View 990 |
| 2019 | $641K | $779K | $1.5M | $2.3M | — | View 990 |
| 2018 | $635K | $660K | $1.7M | $2.3M | — | View 990 |
| 2017 | $629K | $637K | $1.8M | $2.4M | — | View 990 |
| 2016 | $618K | $639K | $1.8M | $2.4M | — | View 990 |
| 2015 | $615K | $631K | $1.9M | $2.4M | — | View 990 |
| 2014 | $607K | $614K | $1.9M | $2.5M | — | View 990 |
| 2013 | $590K | $650K | $2.0M | $2.5M | — | View 990 |
| 2012 | $573K | $577K | $2.1M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $774K, expenses of $702K, and assets of $1.4M (revenue +14.3% year-over-year).
- 2022: Revenue of $677K, expenses of $729K, and assets of $1.3M (revenue +1.0% year-over-year).
- 2021: Revenue of $671K, expenses of $666K, and assets of $1.4M (revenue +3.3% year-over-year).
- 2020: Revenue of $649K, expenses of $640K, and assets of $1.5M (revenue +1.3% year-over-year).
- 2019: Revenue of $641K, expenses of $779K, and assets of $1.5M (revenue +0.9% year-over-year).
- 2018: Revenue of $635K, expenses of $660K, and assets of $1.7M (revenue +0.9% year-over-year).
- 2017: Revenue of $629K, expenses of $637K, and assets of $1.8M (revenue +1.9% year-over-year).
- 2016: Revenue of $618K, expenses of $639K, and assets of $1.8M (revenue +0.4% year-over-year).
- 2015: Revenue of $615K, expenses of $631K, and assets of $1.9M (revenue +1.4% year-over-year).
- 2014: Revenue of $607K, expenses of $614K, and assets of $1.9M (revenue +2.8% year-over-year).
- 2013: Revenue of $590K, expenses of $650K, and assets of $2.0M (revenue +3.1% year-over-year).
- 2012: Revenue of $573K, expenses of $577K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Easthampton Housing For The Elderly Inc:
Data Sources and Methodology
This transparency report for Easthampton 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.