Fairview Senior Housing Inc
Fairview Senior Housing Inc. consistently spends more than it earns, drawing down assets despite zero executive compensation.
EIN: 141869954 · Charlotte, NC · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $547K |
| Total Expenses | $703K |
| Program Spending | 85% |
| Net Assets | $3.9M |
| Transparency Score | 80/100 |
Is Fairview Senior Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairview Senior Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairview Senior Housing Inc
Fairview Senior Housing Inc (EIN: 141869954) is a nonprofit organization based in Charlotte, NC, classified under NTEE code L20. The organization reported total revenue of $547K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairview Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairview Senior Housing Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $474K |
| Total Expenses | $703K |
| Surplus / Deficit | $-229,974 |
| Total Assets | $3.9M |
| Total Liabilities | $46K |
| Net Assets | $3.9M |
| Operating Margin | -48.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 67.1 months |
Financial Health Grade: B
In 2022, Fairview Senior Housing Inc reported a deficit of $230K with expenses exceeding revenue, holds 67.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2022), Fairview Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +3.5% | +9.1% | -5.6% |
| 2021 | +2.3% | +2.2% | -4.0% |
| 2020 | +4.5% | +4.9% | -4.2% |
| 2019 | +1.2% | -0.1% | -3.7% |
| 2018 | -3.2% | -2.5% | -3.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Fairview Senior Housing Inc with a Mission Score of 80 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, Fairview Senior Housing 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Fairview Senior Housing Inc. consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive team or that executive roles are compensated through other means not classified as officer compensation, which is highly favorable for resource allocation to mission.
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 Fairview Senior Housing Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) over multiple years, leading to asset depletion (e.g., $703,491 expenses vs. $473,517 revenue in 2022).
- Significant decline in total assets over the past decade, from $5,483,729 in 2014 to $3,635,320 currently, indicating a draw-down on reserves.
Strengths
The following positive indicators were identified for Fairview Senior Housing Inc:
- Zero reported officer compensation across all filings, indicating high efficiency and dedication at the executive level.
- Clear mission alignment with NTEE code L20 (Housing for the Elderly) and organization name.
- Substantial asset base ($3,635,320) provides a buffer despite consistent deficit spending.
Frequently Asked Questions about Fairview Senior Housing Inc
Is Fairview Senior Housing Inc a legitimate charity?
Fairview Senior Housing Inc (EIN: 141869954) is a registered tax-exempt nonprofit based in North Carolina. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $547K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fairview Senior Housing Inc spend its money?
Fairview Senior Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Fairview Senior Housing Inc tax-deductible?
Fairview Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 141869954). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fairview Senior Housing Inc's spending goes to programs?
Fairview Senior Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Fairview Senior Housing Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Fairview Senior Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fairview Senior Housing Inc located?
Fairview Senior Housing Inc is headquartered in Charlotte, North Carolina and files with the IRS under EIN 141869954. It is classified under NTEE code L20.
How many years of IRS 990 filings does Fairview Senior Housing Inc have?
Fairview Senior 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 $547K in total revenue.
Is Fairview Senior Housing Inc. financially sustainable in the long term?
The organization has consistently reported expenses exceeding revenue for over a decade (e.g., $703,491 expenses vs. $473,517 revenue in 2022), leading to a decline in assets from $5,483,729 in 2014 to $3,635,320 currently. While it has substantial assets, this trend of deficit spending is not sustainable indefinitely without a change in financial strategy or a significant increase in revenue.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests that executive leadership is either volunteer-based or compensated through non-officer roles, which is a strong indicator of efficiency and dedication to the mission, allowing more funds to be directed towards program services rather than high executive salaries.
What is the primary use of the organization's funds?
Given its NTEE code L20 (Housing for the Elderly) and name, it's highly probable that the majority of funds are used for the operation, maintenance, and provision of housing services for seniors. The absence of executive compensation further supports that funds are likely directed towards these core programmatic activities and essential operational costs.
Filing History
IRS 990 filing history for Fairview Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Fairview Senior Housing Inc's revenue has grown by 18.2%, moving from $400K to $474K. Total assets decreased by 39.1% over the same period, from $6.5M to $3.9M. Total functional expenses rose by 31.9%, from $533K to $703K. In its most recent filing year (2022), Fairview Senior Housing Inc reported a deficit of $230K, with expenses exceeding revenue. The organization holds $46K in liabilities against $3.9M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $474K | $703K | $3.9M | $46K | — | View 990 |
| 2021 | $457K | $645K | $4.2M | $50K | — | — |
| 2020 | $447K | $631K | $4.3M | $38K | — | — |
| 2019 | $428K | $601K | $4.5M | $45K | — | View 990 |
| 2018 | $423K | $602K | $4.7M | $46K | — | View 990 |
| 2017 | $437K | $617K | $4.9M | $28K | — | View 990 |
| 2016 | $393K | $586K | $5.1M | $48K | — | View 990 |
| 2015 | $99K | $140K | $5.3M | $47K | — | View 990 |
| 2015 | $391K | $566K | $5.3M | $62K | — | View 990 |
| 2014 | $390K | $571K | $5.5M | $55K | — | View 990 |
| 2013 | $388K | $557K | $5.7M | $52K | — | View 990 |
| 2012 | $388K | $552K | $5.8M | $51K | — | View 990 |
| 2011 | $400K | $533K | $6.5M | $514K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $474K, expenses of $703K, and assets of $3.9M (revenue +3.5% year-over-year).
- 2021: Revenue of $457K, expenses of $645K, and assets of $4.2M (revenue +2.3% year-over-year).
- 2020: Revenue of $447K, expenses of $631K, and assets of $4.3M (revenue +4.5% year-over-year).
- 2019: Revenue of $428K, expenses of $601K, and assets of $4.5M (revenue +1.2% year-over-year).
- 2018: Revenue of $423K, expenses of $602K, and assets of $4.7M (revenue -3.2% year-over-year).
- 2017: Revenue of $437K, expenses of $617K, and assets of $4.9M (revenue +11.1% year-over-year).
- 2016: Revenue of $393K, expenses of $586K, and assets of $5.1M (revenue +297.5% year-over-year).
- 2015: Revenue of $99K, expenses of $140K, and assets of $5.3M (revenue -74.7% year-over-year).
- 2015: Revenue of $391K, expenses of $566K, and assets of $5.3M (revenue +0.2% year-over-year).
- 2014: Revenue of $390K, expenses of $571K, and assets of $5.5M (revenue +0.6% year-over-year).
- 2013: Revenue of $388K, expenses of $557K, and assets of $5.7M (revenue +0.0% year-over-year).
- 2012: Revenue of $388K, expenses of $552K, and assets of $5.8M (revenue -3.1% year-over-year).
- 2011: Revenue of $400K, expenses of $533K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairview Senior Housing Inc:
Data Sources and Methodology
This transparency report for Fairview Senior 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.