Farrell Street Senior Housing Corporation

Farrell Street Senior Housing Corporation reports no financial activity for over a decade, maintaining $1 in assets.

EIN: 202954571 · South Burlington, VT · NTEE: L20 · Updated: 2026-03-28

$0Revenue

$1Assets

10/100Mission Score (Very Poor)

L20

About Farrell Street Senior Housing Corporation

Farrell Street Senior Housing Corporation (EIN: 202954571) is a nonprofit organization based in South Burlington, VT, classified under NTEE code L20. The organization reported total revenue of $0 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farrell Street Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Farrell Street Senior Housing Corporation appears to be a dormant or shell organization based on its consistent financial filings. For the past decade, from 2013 to 2023, the organization has reported $0 in revenue and expenses, with total assets consistently at $1 and no liabilities. This indicates no operational activity or financial transactions. While the organization has filed its IRS Form 990s consistently, which demonstrates a basic level of compliance, the lack of any financial activity means there is no spending efficiency to assess. Transparency is met through filing, but the filings themselves reveal a complete absence of financial operations.

Given the complete lack of financial activity, it is impossible to evaluate the organization's financial health in terms of sustainability or impact. There are no programs being funded, no administrative costs, and no fundraising efforts. The consistent reporting of minimal assets and no revenue or expenses suggests it may exist as a placeholder or for future potential projects that have not yet materialized. Without any financial movement, the organization's current state is one of complete inactivity.

Therefore, while the organization is technically compliant with its filing obligations, it does not currently function as an active nonprofit with financial operations. Its transparency is limited to the fact that it files, but the content of those filings indicates a non-operational status.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Farrell Street Senior Housing Corporation with a Mission Score of 10 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 0%
programs: 0%
fundraising: 0%

According to IRS 990 filings, Farrell Street Senior Housing Corporation allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.

Executive Compensation Analysis

Executive compensation has consistently been reported as 0% for all officers, which is appropriate given the organization's complete lack of revenue and expenses.

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 Farrell Street Senior Housing Corporation's IRS 990 filings:

No reported program activity for over a decade
Consistent $0 revenue and expenses for 10+ years
Minimal assets ($1) suggesting a non-operational status

Strengths

The following positive indicators were identified for Farrell Street Senior Housing Corporation:

Consistent filing of IRS Form 990s, demonstrating compliance
No reported officer compensation, appropriate for a dormant entity

Frequently Asked Questions about Farrell Street Senior Housing Corporation

Is Farrell Street Senior Housing Corporation an active charity?

No, based on its IRS 990 filings from 2013 to 2023, the organization has consistently reported $0 in revenue and expenses, indicating no operational activity.

What programs does Farrell Street Senior Housing Corporation run?

The filings show no expenses for programs, suggesting the organization is not currently running any programs or providing services.

Does Farrell Street Senior Housing Corporation have significant assets?

No, the organization has consistently reported total assets of only $1 for over a decade.

Filing History

IRS 990 filing history for Farrell Street Senior Housing Corporation showing financial trends over 13 years of public records:

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$0	$0	$1	$0	—	—
2022	$0	$0	$1	$0	—	View 990
2021	$0	$0	$1	$0	—	View 990
2020	$0	$0	$1	$0	—	—
2019	$0	$0	$1	$0	—	View 990
2018	$0	$0	$1	$0	—	View 990
2017	$0	$0	$1	$0	—	View 990
2016	$0	$0	$1	$0	—	View 990
2015	$0	$0	$1	$0	—	View 990
2013	$0	$0	$1	$0	—	View 990
2012	$0	$0	$0	$0	—	View 990
2011	$0	$0	$1	$0	—	View 990
2010	$0	$0	$0	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $0, expenses of $0, and assets of $1.
2022: Revenue of $0, expenses of $0, and assets of $1.
2021: Revenue of $0, expenses of $0, and assets of $1.
2020: Revenue of $0, expenses of $0, and assets of $1.
2019: Revenue of $0, expenses of $0, and assets of $1.
2018: Revenue of $0, expenses of $0, and assets of $1.
2017: Revenue of $0, expenses of $0, and assets of $1.
2016: Revenue of $0, expenses of $0, and assets of $1.
2015: Revenue of $0, expenses of $0, and assets of $1.
2013: Revenue of $0, expenses of $0, and assets of $1.
2012: Revenue of $0, expenses of $0, and assets of $0.
2011: Revenue of $0, expenses of $0, and assets of $1.
2010: Revenue of $0, expenses of $0, and assets of $0.

Data Sources and Methodology

This transparency report for Farrell Street Senior Housing Corporation 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.