Epsom Elderly Housing Inc
Epsom Elderly Housing Inc. faces persistent operational deficits and declining assets, with liabilities significantly exceeding assets.
EIN: 20490112 · Concord, NH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $429K |
| Total Expenses | $535K |
| Program Spending | 90% |
| Net Assets | $-1,540,097 |
| Transparency Score | 60/100 |
Is Epsom 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 →
Epsom Elderly Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Epsom Elderly Housing Inc
Epsom Elderly Housing Inc (EIN: 20490112) is a nonprofit organization based in Concord, NH, classified under NTEE code L22. The organization reported total revenue of $429K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Epsom Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Epsom Elderly Housing Inc is a small nonprofit that has been operating for 30 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $474K |
| Total Expenses | $535K |
| Surplus / Deficit | $-61,319 |
| Total Assets | $2.0M |
| Total Liabilities | $3.6M |
| Net Assets | $-1,540,097 |
| Operating Margin | -12.9% |
| Debt-to-Asset Ratio | 175.2% |
| Months of Reserves | 45.9 months |
Financial Health Grade: C
In 2024, Epsom Elderly Housing Inc reported a deficit of $61K with expenses exceeding revenue, holds 45.9 months of operating reserves (strong position), has a debt-to-asset ratio of 175.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Epsom Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.9% | -13.2% | -1.2% |
| 2023 | +2.1% | +4.1% | -7.0% |
| 2022 | -5.4% | +7.7% | -1.7% |
| 2021 | +7.8% | +2.9% | -2.9% |
| 2020 | +0.2% | +3.4% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Epsom Elderly Housing Inc with a Mission Score of 60 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: 90%
- fundraising: 0%
According to IRS 990 filings, Epsom Elderly Housing 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 deficit of $61K, with expenses exceeding revenue.
- Debt-to-asset ratio: 175.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving compensation, which is highly unusual for an organization of this size and suggests a volunteer-led or externally managed 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 Epsom Elderly Housing Inc's IRS 990 filings:
- Persistent operational deficits (e.g., $61,319 in 202403, $118,562 in 202303)
- Declining asset base over time (from $2.4M in 2015 to $2.0M in 2024)
- Liabilities significantly exceed assets (e.g., $3.5M liabilities vs. $2.0M assets in 202403)
- Lack of detailed expense breakdown to fully assess program vs. administrative spending efficiency
Strengths
The following positive indicators were identified for Epsom Elderly Housing Inc:
- 0% officer compensation, indicating resources are not diverted to executive salaries
- Consistent filing of IRS 990 forms, demonstrating transparency
- Long operational history (14 filings available), suggesting established presence
Frequently Asked Questions about Epsom Elderly Housing Inc
Is Epsom Elderly Housing Inc a legitimate charity?
Epsom Elderly Housing Inc (EIN: 20490112) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $429K. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Epsom Elderly Housing Inc spend its money?
Epsom Elderly Housing Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Epsom Elderly Housing Inc tax-deductible?
Epsom Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20490112). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Epsom Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Epsom Elderly 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 Epsom Elderly Housing Inc located?
Epsom Elderly Housing Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20490112. It is classified under NTEE code L22.
How many years of IRS 990 filings does Epsom Elderly Housing Inc have?
Epsom Elderly Housing 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 $429K in total revenue.
How does Epsom Elderly Housing Inc. cover its consistent operational deficits, such as the $61,319 deficit in 202403?
The consistent operational deficits suggest the organization is either drawing down on its existing assets, receiving significant non-revenue contributions not reflected in the 'Revenue' line, or has other financial mechanisms in place to cover these shortfalls. The declining asset base from $2.4M in 2015 to $2.0M in 2024 suggests asset utilization.
What is the nature of the significant liabilities, consistently around $3.5 million, which far exceed the organization's assets?
The 990 filings show liabilities consistently around $3.5 million, while assets are around $2 million. This significant disparity could indicate substantial debt, such as mortgages on properties, or other long-term financial obligations. Understanding the nature of these liabilities is crucial for assessing financial risk.
Given the 0% officer compensation, who manages the organization's operations and financial oversight?
The absence of reported officer compensation suggests that the organization may be entirely volunteer-run at the leadership level, or that management services are provided by an external entity, or that compensation is structured in a way not reported as officer compensation on the 990. This structure warrants further inquiry into governance and operational management.
Filing History
IRS 990 filing history for Epsom Elderly Housing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Epsom Elderly Housing Inc's revenue has grown by 13.6%, moving from $417K to $474K. Total assets decreased by 20.4% over the same period, from $2.6M to $2.0M. Total functional expenses rose by 16.1%, from $461K to $535K. In its most recent filing year (2024), Epsom Elderly Housing Inc reported a deficit of $61K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $2.0M in assets (debt-to-asset ratio: 175.2%), resulting in net assets of $-1,540,097.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $474K | $535K | $2.0M | $3.6M | — | — |
| 2023 | $498K | $617K | $2.1M | $3.6M | — | View 990 |
| 2022 | $488K | $593K | $2.2M | $3.6M | — | View 990 |
| 2021 | $516K | $550K | $2.3M | $3.5M | — | — |
| 2020 | $479K | $535K | $2.3M | $3.6M | — | View 990 |
| 2019 | $477K | $518K | $2.3M | $3.5M | — | View 990 |
| 2018 | $476K | $504K | $2.4M | $3.5M | — | View 990 |
| 2017 | $478K | $487K | $2.4M | $3.5M | — | View 990 |
| 2016 | $473K | $490K | $2.4M | $3.5M | — | View 990 |
| 2015 | $462K | $533K | $2.4M | $3.5M | — | View 990 |
| 2014 | $455K | $496K | $2.5M | $3.5M | — | View 990 |
| 2013 | $455K | $488K | $2.6M | $3.5M | — | View 990 |
| 2012 | $456K | $460K | $2.6M | $3.5M | — | View 990 |
| 2011 | $417K | $461K | $2.6M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $474K, expenses of $535K, and assets of $2.0M (revenue -4.9% year-over-year).
- 2023: Revenue of $498K, expenses of $617K, and assets of $2.1M (revenue +2.1% year-over-year).
- 2022: Revenue of $488K, expenses of $593K, and assets of $2.2M (revenue -5.4% year-over-year).
- 2021: Revenue of $516K, expenses of $550K, and assets of $2.3M (revenue +7.8% year-over-year).
- 2020: Revenue of $479K, expenses of $535K, and assets of $2.3M (revenue +0.2% year-over-year).
- 2019: Revenue of $477K, expenses of $518K, and assets of $2.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $476K, expenses of $504K, and assets of $2.4M (revenue -0.5% year-over-year).
- 2017: Revenue of $478K, expenses of $487K, and assets of $2.4M (revenue +1.1% year-over-year).
- 2016: Revenue of $473K, expenses of $490K, and assets of $2.4M (revenue +2.5% year-over-year).
- 2015: Revenue of $462K, expenses of $533K, and assets of $2.4M (revenue +1.5% year-over-year).
- 2014: Revenue of $455K, expenses of $496K, and assets of $2.5M (revenue -0.1% year-over-year).
- 2013: Revenue of $455K, expenses of $488K, and assets of $2.6M (revenue -0.2% year-over-year).
- 2012: Revenue of $456K, expenses of $460K, and assets of $2.6M (revenue +9.4% year-over-year).
- 2011: Revenue of $417K, expenses of $461K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Epsom Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Epsom 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.