Hegemon Crest Senior Housing Inc
Hegemon Crest Senior Housing Inc. faces persistent operating deficits and significant liabilities exceeding assets.
EIN: 201535531 · Columbus, OH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $613K |
| Total Expenses | $598K |
| Program Spending | 80% |
| Net Assets | $-1,238,204 |
| Transparency Score | 45/100 |
Is Hegemon Crest Senior Housing Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hegemon Crest Senior Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hegemon Crest Senior Housing Inc
Hegemon Crest Senior Housing Inc (EIN: 201535531) is a nonprofit organization based in Columbus, OH, classified under NTEE code L22. The organization reported total revenue of $613K and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hegemon Crest Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hegemon Crest Senior Housing Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $426K |
| Total Expenses | $598K |
| Surplus / Deficit | $-172,052 |
| Total Assets | $2.5M |
| Total Liabilities | $3.8M |
| Net Assets | $-1,238,204 |
| Operating Margin | -40.4% |
| Debt-to-Asset Ratio | 149.0% |
| Months of Reserves | 50.7 months |
Financial Health Grade: C
In 2023, Hegemon Crest Senior Housing Inc reported a deficit of $172K with expenses exceeding revenue, holds 50.7 months of operating reserves (strong position), has a debt-to-asset ratio of 149.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hegemon Crest Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | -1.7% | -3.3% |
| 2022 | -2.2% | +11.8% | -4.5% |
| 2021 | -28.6% | +15.0% | -3.9% |
| 2020 | +37.7% | +4.1% | +3.6% |
| 2019 | -8.6% | -23.4% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Hegemon Crest Senior Housing 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, Hegemon Crest Senior Housing 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 $172K, with expenses exceeding revenue.
- Debt-to-asset ratio: 149.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is positive for minimizing overhead.
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 Hegemon Crest Senior Housing Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $172,052 in 2023, $220,742 in 2022)
- Liabilities significantly exceed assets ($3,765,609 liabilities vs. $2,527,405 assets in 2023)
- Declining asset base over time (from $3,042,402 in 2015 to $2,527,405 in 2023)
Strengths
The following positive indicators were identified for Hegemon Crest Senior Housing Inc:
- No reported officer compensation, indicating efficient use of funds at the leadership level.
- Focus on senior housing (NTEE L22) addresses a critical community need.
Frequently Asked Questions about Hegemon Crest Senior Housing Inc
Is Hegemon Crest Senior Housing Inc a legitimate charity?
Hegemon Crest Senior Housing Inc (EIN: 201535531) is a registered tax-exempt nonprofit based in Ohio. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $613K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hegemon Crest Senior Housing Inc spend its money?
Hegemon Crest Senior Housing Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hegemon Crest Senior Housing Inc tax-deductible?
Hegemon Crest Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 201535531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hegemon Crest Senior Housing Inc's spending goes to programs?
Hegemon Crest Senior Housing Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hegemon Crest Senior Housing Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Hegemon Crest Senior Housing Inc is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hegemon Crest Senior Housing Inc located?
Hegemon Crest Senior Housing Inc is headquartered in Columbus, Ohio and files with the IRS under EIN 201535531. It is classified under NTEE code L22.
How many years of IRS 990 filings does Hegemon Crest Senior Housing Inc have?
Hegemon Crest 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 $613K in total revenue.
Is Hegemon Crest Senior Housing Inc. financially sustainable?
The organization's consistent operating deficits (e.g., $172,052 in 2023) and liabilities significantly exceeding assets ($3,765,609 liabilities vs. $2,527,405 assets in 2023) raise serious concerns about its long-term financial sustainability.
What is the primary source of Hegemon Crest Senior Housing Inc.'s revenue?
The provided data does not detail the specific sources of revenue, only the total amounts. Further investigation into the full IRS 990 forms would be needed to identify primary revenue streams.
How does Hegemon Crest Senior Housing Inc. manage its significant liabilities?
With liabilities consistently exceeding assets (e.g., $1,238,204 more liabilities than assets in 2023), the organization likely relies on debt financing or other arrangements to cover its obligations. The nature and terms of these liabilities would require a deeper dive into their financial statements.
Filing History
IRS 990 filing history for Hegemon Crest Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hegemon Crest Senior Housing Inc's revenue has grown by 24%, moving from $343K to $426K. Total assets decreased by 21.1% over the same period, from $3.2M to $2.5M. Total functional expenses rose by 55.9%, from $383K to $598K. In its most recent filing year (2023), Hegemon Crest Senior Housing Inc reported a deficit of $172K, with expenses exceeding revenue. The organization holds $3.8M in liabilities against $2.5M in assets (debt-to-asset ratio: 149.0%), resulting in net assets of $-1,238,204.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $426K | $598K | $2.5M | $3.8M | — | — |
| 2022 | $388K | $608K | $2.6M | $3.7M | — | View 990 |
| 2021 | $396K | $544K | $2.7M | $3.6M | — | View 990 |
| 2020 | $555K | $473K | $2.8M | $3.5M | — | — |
| 2019 | $403K | $454K | $2.7M | $3.5M | — | View 990 |
| 2018 | $441K | $593K | $2.8M | $3.5M | — | View 990 |
| 2017 | $393K | $538K | $3.0M | $3.5M | — | View 990 |
| 2016 | $377K | $434K | $3.0M | $3.4M | — | View 990 |
| 2015 | $477K | $383K | $3.0M | $3.4M | — | View 990 |
| 2014 | $373K | $476K | $3.0M | $3.5M | — | View 990 |
| 2013 | $367K | $394K | $3.1M | $3.5M | — | View 990 |
| 2012 | $345K | $351K | $3.2M | $3.5M | — | View 990 |
| 2011 | $343K | $383K | $3.2M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $426K, expenses of $598K, and assets of $2.5M (revenue +9.8% year-over-year).
- 2022: Revenue of $388K, expenses of $608K, and assets of $2.6M (revenue -2.2% year-over-year).
- 2021: Revenue of $396K, expenses of $544K, and assets of $2.7M (revenue -28.6% year-over-year).
- 2020: Revenue of $555K, expenses of $473K, and assets of $2.8M (revenue +37.7% year-over-year).
- 2019: Revenue of $403K, expenses of $454K, and assets of $2.7M (revenue -8.6% year-over-year).
- 2018: Revenue of $441K, expenses of $593K, and assets of $2.8M (revenue +12.1% year-over-year).
- 2017: Revenue of $393K, expenses of $538K, and assets of $3.0M (revenue +4.3% year-over-year).
- 2016: Revenue of $377K, expenses of $434K, and assets of $3.0M (revenue -20.9% year-over-year).
- 2015: Revenue of $477K, expenses of $383K, and assets of $3.0M (revenue +27.9% year-over-year).
- 2014: Revenue of $373K, expenses of $476K, and assets of $3.0M (revenue +1.6% year-over-year).
- 2013: Revenue of $367K, expenses of $394K, and assets of $3.1M (revenue +6.4% year-over-year).
- 2012: Revenue of $345K, expenses of $351K, and assets of $3.2M (revenue +0.4% year-over-year).
- 2011: Revenue of $343K, expenses of $383K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hegemon Crest Senior Housing Inc:
Data Sources and Methodology
This transparency report for Hegemon Crest 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.