Hallmark Health Properties Inc
Hallmark Health Properties: Consistent Revenue, High Expenses
EIN: 222580542 · Medford, MA · NTEE: E190 · Updated: 2026-04-04
Is Hallmark Health Properties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hallmark Health Properties Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hallmark Health Properties Inc
Hallmark Health Properties Inc (EIN: 222580542) is a nonprofit organization based in Medford, MA, classified under NTEE code E190. The organization reported total revenue of $2.8M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hallmark Health Properties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hallmark Health Properties Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-110,386 |
| Total Assets | $21.5M |
| Total Liabilities | $15.9M |
| Net Assets | $5.6M |
| Operating Margin | -4.4% |
| Debt-to-Asset Ratio | 73.9% |
| Months of Reserves | 99.7 months |
Financial Health Grade: C
In 2023, Hallmark Health Properties Inc reported a deficit of $110K with expenses exceeding revenue, holds 99.7 months of operating reserves (strong position), has a debt-to-asset ratio of 73.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hallmark Health Properties Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.3% | +3.3% | -2.6% |
| 2022 | +12.6% | +10.4% | +17.9% |
| 2021 | -2.7% | -2.0% | -12.9% |
| 2020 | +7.3% | -3.0% | +8.6% |
| 2019 | +32.4% | +9.2% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Hallmark Health Properties Inc with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Hallmark Health Properties Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $110K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.9%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial filings.
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 Hallmark Health Properties Inc's IRS 990 filings:
- Expenses consistently exceed revenue, with a deficit of $259,363 in 2023 and $320,277 in 2022, indicating potential operational sustainability challenges.
- The organization's assets have fluctuated significantly, from $24,789,225 in 2017 to $20,546,776 in 2023, suggesting potential asset management or investment volatility.
Strengths
The following positive indicators were identified for Hallmark Health Properties Inc:
- Consistent revenue generation over the past eight years, demonstrating a stable funding base.
- Maintained a substantial asset base, with total assets of $20,546,776 in 2023, providing financial stability.
- Long operational history with consistent financial reporting since at least 2016.
Frequently Asked Questions about Hallmark Health Properties Inc
Is Hallmark Health Properties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hallmark Health Properties Inc (EIN: 222580542) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Hallmark Health Properties Inc spend its money?
Hallmark Health Properties Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hallmark Health Properties Inc tax-deductible?
Hallmark Health Properties Inc is registered as a tax-exempt nonprofit (EIN: 222580542). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Hallmark Health Properties Inc do?
Hallmark Health Properties Inc is a nonprofit organization in the Health Care sector, located in Medford, Massachusetts. It is classified under NTEE code E190.
How much revenue does Hallmark Health Properties Inc have?
Hallmark Health Properties Inc reported total revenue of $2,833,318. Based on 13 IRS 990 filings on record.
What are Hallmark Health Properties Inc's total assets?
Hallmark Health Properties Inc holds total assets of $20,546,776 as reported in IRS 990 filings.
Where is Hallmark Health Properties Inc located?
Hallmark Health Properties Inc is based in Medford, Massachusetts.
What is Hallmark Health Properties Inc's EIN?
Hallmark Health Properties Inc's Employer Identification Number (EIN) is 222580542. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hallmark Health Properties Inc?
Hallmark Health Properties Inc is classified under NTEE code E190 (Health Care).
Is Hallmark Health Properties Inc a registered 501(c)(3)?
Yes, Hallmark Health Properties Inc is recognized as a tax-exempt organization by the IRS. EIN: 222580542.
Does Hallmark Health Properties Inc file IRS Form 990?
Yes, Hallmark Health Properties Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Hallmark Health Properties Inc's revenue in 2023?
In the 202309 filing period, Hallmark Health Properties Inc reported total revenue of $2,483,245, total expenses of $2,593,631, and net assets of $21,540,159.
Is Hallmark Health Properties Inc's revenue growing or declining?
Hallmark Health Properties Inc's revenue is growing. Revenue went from $2,191,281 (202209) to $2,483,245 (202309), a +13.3% change. Based on 13 filings on record.
What is Hallmark Health Properties Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hallmark Health Properties Inc covers tax period 202309. It shows revenue of $2,483,245, expenses of $2,593,631, total assets of $21,540,159, and liabilities of $15,926,022.
How much does Hallmark Health Properties Inc spend on programs vs administration?
Based on IRS 990 analysis, Hallmark Health Properties Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hallmark Health Properties Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hallmark Health Properties Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hallmark Health Properties Inc?
The following concerns were identified: Expenses consistently exceed revenue, with a deficit of $259,363 in 2023 and $320,277 in 2022, indicating potential operational sustainability challenges.. The organization's assets have fluctuated significantly, from $24,789,225 in 2017 to $20,546,776 in 2023, suggesting potential asset management or investment volatility.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hallmark Health Properties Inc's strengths?
Positive indicators for Hallmark Health Properties Inc include: Consistent revenue generation over the past eight years, demonstrating a stable funding base.. Maintained a substantial asset base, with total assets of $20,546,776 in 2023, providing financial stability.. Long operational history with consistent financial reporting since at least 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does Hallmark Health Properties Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hallmark Health Properties Inc?
• Financial filings are consistently available for the past 8 years. • Revenue and expenses are clearly itemized in the provided data. • No specific details on program activities or administrative overhead beyond general expense figures are immediately available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent deficit (expenses exceeding revenue) over multiple years, how does Hallmark Health Properties Inc. sustain its operations and maintain its asset base?
The consistent deficit suggests that the organization may be drawing from its existing assets or relying on other undisclosed funding sources (e.g., grants, investments not reflected in 'r' or 'x') to cover operational costs. For example, in 2023, expenses were $2,593,631 while revenue was $2,483,245, resulting in a $110,386 deficit. This trend is visible in most years provided, indicating a reliance on capital or other non-revenue income.
What is the nature of the significant fluctuation in assets, particularly the drop from $24,789,225 in 2017 to $20,546,776 in 2023, and how does this impact the organization's long-term financial health?
The significant decrease in assets could be due to various factors such as asset sales, depreciation, or investment losses. Without further detail, it's difficult to pinpoint the exact cause. This trend, if continued, could erode the organization's financial reserves and limit its capacity for future programs or investments, potentially impacting long-term financial health.
Filing History
IRS 990 filing history for Hallmark Health Properties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hallmark Health Properties Inc's revenue has grown by 508.3%, moving from $408K to $2.5M. Total assets increased by 652.8% over the same period, from $2.9M to $21.5M. Total functional expenses rose by 530.5%, from $411K to $2.6M. In its most recent filing year (2023), Hallmark Health Properties Inc reported a deficit of $110K, with expenses exceeding revenue. The organization holds $15.9M in liabilities against $21.5M in assets (debt-to-asset ratio: 73.9%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.6M | $21.5M | $15.9M | — | View 990 |
| 2022 | $2.2M | $2.5M | $22.1M | $14.7M | — | — |
| 2021 | $1.9M | $2.3M | $18.8M | $19.4M | — | View 990 |
| 2020 | $2.0M | $2.3M | $21.5M | $18.5M | — | View 990 |
| 2019 | $1.9M | $2.4M | $19.8M | $16.5M | — | View 990 |
| 2018 | $1.4M | $2.2M | $21.8M | $18.2M | — | View 990 |
| 2017 | $740K | $1.1M | $24.8M | $20.6M | — | View 990 |
| 2016 | $621K | $881K | $2.5M | $2.0M | — | View 990 |
| 2015 | $631K | $992K | $2.4M | $281K | — | View 990 |
| 2014 | $752K | $762K | $2.9M | $284K | — | View 990 |
| 2013 | $464K | $465K | $2.9M | $283K | — | View 990 |
| 2012 | $352K | $406K | $2.8M | $678K | — | View 990 |
| 2011 | $408K | $411K | $2.9M | $985K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $21.5M (revenue +13.3% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.5M, and assets of $22.1M (revenue +12.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.3M, and assets of $18.8M (revenue -2.7% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.3M, and assets of $21.5M (revenue +7.3% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.4M, and assets of $19.8M (revenue +32.4% year-over-year).
- 2018: Revenue of $1.4M, expenses of $2.2M, and assets of $21.8M (revenue +90.3% year-over-year).
- 2017: Revenue of $740K, expenses of $1.1M, and assets of $24.8M (revenue +19.0% year-over-year).
- 2016: Revenue of $621K, expenses of $881K, and assets of $2.5M (revenue -1.6% year-over-year).
- 2015: Revenue of $631K, expenses of $992K, and assets of $2.4M (revenue -16.0% year-over-year).
- 2014: Revenue of $752K, expenses of $762K, and assets of $2.9M (revenue +62.0% year-over-year).
- 2013: Revenue of $464K, expenses of $465K, and assets of $2.9M (revenue +31.8% year-over-year).
- 2012: Revenue of $352K, expenses of $406K, and assets of $2.8M (revenue -13.8% year-over-year).
- 2011: Revenue of $408K, expenses of $411K, and assets of $2.9M.
Data Sources and Methodology
This transparency report for Hallmark Health Properties 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.