Gilford Village Knolls Inc
Gilford Village Knolls Inc. faces persistent operational deficits and declining assets.
EIN: 20387625 · Bedford, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $340K |
| Program Spending | 80% |
| Net Assets | $-800,443 |
| Transparency Score | 45/100 |
Is Gilford Village Knolls Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gilford Village Knolls Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gilford Village Knolls Inc
Gilford Village Knolls Inc (EIN: 20387625) is a nonprofit organization based in Bedford, NH. The organization reported total revenue of $280K and total assets of $544K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gilford Village Knolls Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gilford Village Knolls Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $278K |
| Total Expenses | $340K |
| Surplus / Deficit | $-61,746 |
| Total Assets | $611K |
| Total Liabilities | $1.4M |
| Net Assets | $-800,443 |
| Operating Margin | -22.2% |
| Debt-to-Asset Ratio | 231.0% |
| Months of Reserves | 21.6 months |
Financial Health Grade: C
In 2023, Gilford Village Knolls Inc reported a deficit of $62K with expenses exceeding revenue, holds 21.6 months of operating reserves (strong position), has a debt-to-asset ratio of 231.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gilford Village Knolls Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | -8.7% | -10.8% |
| 2022 | +0.4% | +23.7% | -13.1% |
| 2021 | +0.6% | +3.8% | -4.7% |
| 2020 | -4.1% | -10.0% | -3.1% |
| 2019 | -7.7% | +5.5% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Gilford Village Knolls Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gilford Village Knolls Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 231.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either unpaid or compensated through other means not classified as officer compensation, which is a positive sign for resource allocation.
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 Gilford Village Knolls Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) in multiple years, e.g., $339,653 expenses vs. $277,907 revenue in 2023.
- Declining asset base over time, from $1,007,421 in 2016 to $611,238 in 2023.
- High liabilities consistently exceeding assets, resulting in negative net assets (e.g., $1,411,681 liabilities vs. $611,238 assets in 2023).
Strengths
The following positive indicators were identified for Gilford Village Knolls Inc:
- Consistent filing of IRS 990 forms, indicating good transparency.
- No reported officer compensation, suggesting resources are not diverted to high executive salaries.
Frequently Asked Questions about Gilford Village Knolls Inc
Is Gilford Village Knolls Inc a legitimate charity?
Gilford Village Knolls Inc (EIN: 20387625) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $280K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Gilford Village Knolls Inc spend its money?
Gilford Village Knolls Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gilford Village Knolls Inc tax-deductible?
Gilford Village Knolls Inc is registered as a tax-exempt nonprofit (EIN: 20387625). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gilford Village Knolls Inc's spending goes to programs?
Gilford Village Knolls Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gilford Village Knolls Inc located?
Gilford Village Knolls Inc is headquartered in Bedford, New Hampshire and files with the IRS under EIN 20387625.
How many years of IRS 990 filings does Gilford Village Knolls Inc have?
Gilford Village Knolls 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 $280K in total revenue.
Is Gilford Village Knolls Inc. financially sustainable?
Based on the consistent operational deficits (e.g., $61,746 loss in 2023, $106,633 loss in 2022) and declining assets, the organization's current financial model does not appear sustainable without significant changes to revenue generation or expense management.
What is the primary cause of the declining assets?
The primary cause of declining assets is the organization's consistent spending exceeding its revenue. For example, assets decreased from $685,353 in 2022 to $611,238 in 2023, directly correlating with the $61,746 deficit in 2023.
How does the organization manage its high liabilities?
The organization consistently reports liabilities over $1.4 million, significantly exceeding its assets. Without further detail on the nature of these liabilities (e.g., mortgages, bonds), it's difficult to assess the management strategy, but the negative net asset position is a major concern.
Filing History
IRS 990 filing history for Gilford Village Knolls Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gilford Village Knolls Inc's revenue has declined by 2.6%, moving from $285K to $278K. Total assets decreased by 34.3% over the same period, from $930K to $611K. Total functional expenses rose by 13.7%, from $299K to $340K. In its most recent filing year (2023), Gilford Village Knolls Inc reported a deficit of $62K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $611K in assets (debt-to-asset ratio: 231.0%), resulting in net assets of $-800,443.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $278K | $340K | $611K | $1.4M | — | — |
| 2022 | $265K | $372K | $685K | $1.4M | — | View 990 |
| 2021 | $264K | $301K | $789K | $1.4M | — | View 990 |
| 2020 | $263K | $290K | $828K | $1.4M | — | — |
| 2019 | $274K | $322K | $854K | $1.4M | — | View 990 |
| 2018 | $297K | $305K | $893K | $1.4M | — | View 990 |
| 2017 | $245K | $280K | $897K | $1.4M | — | View 990 |
| 2016 | $262K | $288K | $1.0M | $1.5M | — | View 990 |
| 2015 | $260K | $277K | $1.0M | $1.5M | — | View 990 |
| 2014 | $290K | $296K | $1.0M | $1.5M | — | View 990 |
| 2013 | $259K | $315K | $1.0M | $1.5M | — | View 990 |
| 2012 | $254K | $325K | $1.1M | $1.4M | — | View 990 |
| 2011 | $285K | $299K | $930K | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $278K, expenses of $340K, and assets of $611K (revenue +4.8% year-over-year).
- 2022: Revenue of $265K, expenses of $372K, and assets of $685K (revenue +0.4% year-over-year).
- 2021: Revenue of $264K, expenses of $301K, and assets of $789K (revenue +0.6% year-over-year).
- 2020: Revenue of $263K, expenses of $290K, and assets of $828K (revenue -4.1% year-over-year).
- 2019: Revenue of $274K, expenses of $322K, and assets of $854K (revenue -7.7% year-over-year).
- 2018: Revenue of $297K, expenses of $305K, and assets of $893K (revenue +20.9% year-over-year).
- 2017: Revenue of $245K, expenses of $280K, and assets of $897K (revenue -6.3% year-over-year).
- 2016: Revenue of $262K, expenses of $288K, and assets of $1.0M (revenue +0.6% year-over-year).
- 2015: Revenue of $260K, expenses of $277K, and assets of $1.0M (revenue -10.3% year-over-year).
- 2014: Revenue of $290K, expenses of $296K, and assets of $1.0M (revenue +12.1% year-over-year).
- 2013: Revenue of $259K, expenses of $315K, and assets of $1.0M (revenue +1.9% year-over-year).
- 2012: Revenue of $254K, expenses of $325K, and assets of $1.1M (revenue -10.9% year-over-year).
- 2011: Revenue of $285K, expenses of $299K, and assets of $930K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gilford Village Knolls Inc:
Data Sources and Methodology
This transparency report for Gilford Village Knolls 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.