Hermitage Homes For Elderly Inc
EIN: 300139250 · Morristown, TN · NTEE: L21
| Metric | Value |
|---|---|
| Total Revenue | $73K |
| Total Expenses | $79K |
| Net Assets | $-255,018 |
Is Hermitage Homes For Elderly Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hermitage Homes For Elderly Inc
Hermitage Homes For Elderly Inc (EIN: 300139250) is a nonprofit organization based in Morristown, TN, classified under NTEE code L21. The organization reported total revenue of $73K and total assets of $505K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hermitage Homes For Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hermitage Homes For Elderly Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $56K |
| Total Expenses | $79K |
| Surplus / Deficit | $-23,000 |
| Total Assets | $536K |
| Total Liabilities | $791K |
| Net Assets | $-255,018 |
| Operating Margin | -41.2% |
| Debt-to-Asset Ratio | 147.6% |
| Months of Reserves | 81.7 months |
Financial Health Grade: C
In 2023, Hermitage Homes For Elderly Inc reported a deficit of $23K with expenses exceeding revenue, holds 81.7 months of operating reserves (strong position), has a debt-to-asset ratio of 147.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hermitage Homes For Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | -5.6% | -2.3% |
| 2022 | -19.4% | +22.5% | -4.4% |
| 2021 | -0.7% | +0.2% | -2.3% |
| 2020 | +0.4% | -9.2% | +0.2% |
| 2019 | +1.5% | -0.4% | -1.7% |
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 Analysis Pending
AI enrichment for Hermitage Homes For Elderly Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hermitage Homes For Elderly Inc with a Mission Score of 0 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.6%.
Frequently Asked Questions about Hermitage Homes For Elderly Inc
Is Hermitage Homes For Elderly Inc a legitimate charity?
Hermitage Homes For Elderly Inc (EIN: 300139250) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $73K. No red flags identified. Financial health grade: C.
How does Hermitage Homes For Elderly Inc spend its money?
Hermitage Homes For Elderly Inc reported $73K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hermitage Homes For Elderly Inc tax-deductible?
Hermitage Homes For Elderly Inc is registered as a tax-exempt nonprofit (EIN: 300139250). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hermitage Homes For Elderly Inc located?
Hermitage Homes For Elderly Inc is headquartered in Morristown, Tennessee and files with the IRS under EIN 300139250. It is classified under NTEE code L21.
How many years of IRS 990 filings does Hermitage Homes For Elderly Inc have?
Hermitage Homes For Elderly 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 $73K in total revenue.
Filing History
IRS 990 filing history for Hermitage Homes For Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hermitage Homes For Elderly Inc's revenue has grown by 24.8%, moving from $45K to $56K. Total assets decreased by 23% over the same period, from $696K to $536K. Total functional expenses rose by 30.3%, from $60K to $79K. In its most recent filing year (2023), Hermitage Homes For Elderly Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $791K in liabilities against $536K in assets (debt-to-asset ratio: 147.6%), resulting in net assets of $-255,018.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $56K | $79K | $536K | $791K | — | View 990 |
| 2022 | $51K | $83K | $549K | $781K | — | View 990 |
| 2021 | $64K | $68K | $574K | $774K | — | — |
| 2020 | $64K | $68K | $588K | $783K | — | View 990 |
| 2019 | $64K | $75K | $586K | $778K | — | View 990 |
| 2018 | $63K | $75K | $596K | $777K | — | View 990 |
| 2017 | $62K | $74K | $605K | $773K | — | — |
| 2016 | $63K | $71K | $620K | $777K | — | View 990 |
| 2015 | $58K | $65K | $626K | $774K | — | View 990 |
| 2014 | $50K | $70K | $633K | $773K | — | View 990 |
| 2013 | $51K | $63K | $652K | $772K | — | View 990 |
| 2012 | $46K | $60K | $663K | $772K | — | View 990 |
| 2011 | $45K | $60K | $696K | $791K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $56K, expenses of $79K, and assets of $536K (revenue +8.5% year-over-year).
- 2022: Revenue of $51K, expenses of $83K, and assets of $549K (revenue -19.4% year-over-year).
- 2021: Revenue of $64K, expenses of $68K, and assets of $574K (revenue -0.7% year-over-year).
- 2020: Revenue of $64K, expenses of $68K, and assets of $588K (revenue +0.4% year-over-year).
- 2019: Revenue of $64K, expenses of $75K, and assets of $586K (revenue +1.5% year-over-year).
- 2018: Revenue of $63K, expenses of $75K, and assets of $596K (revenue +0.8% year-over-year).
- 2017: Revenue of $62K, expenses of $74K, and assets of $605K (revenue -0.1% year-over-year).
- 2016: Revenue of $63K, expenses of $71K, and assets of $620K (revenue +8.7% year-over-year).
- 2015: Revenue of $58K, expenses of $65K, and assets of $626K (revenue +16.0% year-over-year).
- 2014: Revenue of $50K, expenses of $70K, and assets of $633K (revenue -2.0% year-over-year).
- 2013: Revenue of $51K, expenses of $63K, and assets of $652K (revenue +9.8% year-over-year).
- 2012: Revenue of $46K, expenses of $60K, and assets of $663K (revenue +3.1% year-over-year).
- 2011: Revenue of $45K, expenses of $60K, and assets of $696K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hermitage Homes For Elderly Inc:
Data Sources and Methodology
This transparency report for Hermitage Homes For Elderly 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.