Hillsdale Senior Housing Corp
Hillsdale Senior Housing Corp: Stable Operations, Declining Assets
EIN: 222453406 · Hillsdale, NJ · Updated: 2026-04-04
Is Hillsdale Senior Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hillsdale Senior Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hillsdale Senior Housing Corp
Hillsdale Senior Housing Corp (EIN: 222453406) is a nonprofit organization based in Hillsdale, NJ. The organization reported total revenue of $1.8M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hillsdale Senior Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hillsdale Senior Housing Corp is a mid-size nonprofit that has been operating for 43 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-38,615 |
| Total Assets | $2.2M |
| Total Liabilities | $4.2M |
| Net Assets | $-2,042,382 |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 192.6% |
| Months of Reserves | 15.6 months |
Financial Health Grade: C
In 2024, Hillsdale Senior Housing Corp reported a deficit of $39K with expenses exceeding revenue, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 192.6% (high leverage).
Financial Trends
Over 12 years of filings (2012–2024), Hillsdale Senior Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +11.4% | -6.5% |
| 2023 | +6.8% | -3.0% | -1.1% |
| 2022 | +4.9% | -2.1% | -5.1% |
| 2021 | -1.8% | +6.3% | -8.7% |
| 2020 | +5.1% | +10.0% | -11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Hillsdale Senior Housing Corp with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hillsdale Senior Housing Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 192.6%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further 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 Hillsdale Senior Housing Corp's IRS 990 filings:
- Total assets have shown a consistent decline from $3,220,259 in 2016 to $2,200,225 in 2024.
- Liabilities have remained relatively high, consistently above $4 million, indicating a significant debt burden relative to assets.
Strengths
The following positive indicators were identified for Hillsdale Senior Housing Corp:
- Consistent revenue generation, with revenues around $1.4M-$1.7M annually, indicating stable operational funding.
- Expenses are generally in line with revenues, suggesting sound financial management of day-to-day operations.
- The organization has maintained a consistent operational presence over many years, serving its mission.
Frequently Asked Questions about Hillsdale Senior Housing Corp
Is Hillsdale Senior Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Hillsdale Senior Housing Corp (EIN: 222453406) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hillsdale Senior Housing Corp spend its money?
Hillsdale Senior Housing Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hillsdale Senior Housing Corp tax-deductible?
Hillsdale Senior Housing Corp is registered as a tax-exempt nonprofit (EIN: 222453406). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Hillsdale Senior Housing Corp do?
Hillsdale Senior Housing Corp is a nonprofit organization in the Unknown sector, located in Hillsdale, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hillsdale Senior Housing Corp have?
Hillsdale Senior Housing Corp reported total revenue of $1,766,216. Based on 12 IRS 990 filings on record.
What are Hillsdale Senior Housing Corp's total assets?
Hillsdale Senior Housing Corp holds total assets of $2,200,225 as reported in IRS 990 filings.
Where is Hillsdale Senior Housing Corp located?
Hillsdale Senior Housing Corp is based in Hillsdale, New Jersey.
What is Hillsdale Senior Housing Corp's EIN?
Hillsdale Senior Housing Corp's Employer Identification Number (EIN) is 222453406. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hillsdale Senior Housing Corp?
Hillsdale Senior Housing Corp is classified under NTEE code Unknown (Unknown).
Is Hillsdale Senior Housing Corp a registered 501(c)(3)?
Hillsdale Senior Housing Corp appears in IRS records (EIN: 222453406). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hillsdale Senior Housing Corp file IRS Form 990?
Yes, Hillsdale Senior Housing Corp has 12 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Hillsdale Senior Housing Corp's revenue in 2024?
In the 202403 filing period, Hillsdale Senior Housing Corp reported total revenue of $1,654,338, total expenses of $1,692,953, and net assets of $2,206,775.
Is Hillsdale Senior Housing Corp's revenue growing or declining?
Hillsdale Senior Housing Corp's revenue is relatively stable. Revenue went from $1,630,778 (202303) to $1,654,338 (202403), a +1.4% change. Based on 12 filings on record.
What is Hillsdale Senior Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Hillsdale Senior Housing Corp covers tax period 202403. It shows revenue of $1,654,338, expenses of $1,692,953, total assets of $2,206,775, and liabilities of $4,249,157.
How much does Hillsdale Senior Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Hillsdale Senior Housing Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hillsdale Senior Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Hillsdale Senior Housing Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hillsdale Senior Housing Corp?
The following concerns were identified: Total assets have shown a consistent decline from $3,220,259 in 2016 to $2,200,225 in 2024.. Liabilities have remained relatively high, consistently above $4 million, indicating a significant debt burden relative to assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hillsdale Senior Housing Corp's strengths?
Positive indicators for Hillsdale Senior Housing Corp include: Consistent revenue generation, with revenues around $1.4M-$1.7M annually, indicating stable operational funding.. Expenses are generally in line with revenues, suggesting sound financial management of day-to-day operations.. The organization has maintained a consistent operational presence over many years, serving its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Hillsdale Senior Housing Corp compensate executives?
Executive compensation information is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets over the past several years?
The data shows a steady decrease in total assets from $3,220,259 in 2016 to $2,200,225 in 2024. This trend warrants further investigation into asset depreciation, divestments, or lack of capital improvements/acquisitions.
How does the organization manage its significant liabilities, which consistently exceed its total assets?
With liabilities consistently over $4 million and total assets declining to $2.2 million in 2024, the organization appears to have a negative net asset position. Understanding the nature of these liabilities (e.g., long-term debt, mortgages) and the repayment strategy is crucial for assessing long-term financial health.
Filing History
IRS 990 filing history for Hillsdale Senior Housing Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2024), Hillsdale Senior Housing Corp's revenue has grown by 37.4%, moving from $1.2M to $1.7M. Total assets decreased by 51.4% over the same period, from $4.5M to $2.2M. Total functional expenses rose by 51.2%, from $1.1M to $1.7M. In its most recent filing year (2024), Hillsdale Senior Housing Corp reported a deficit of $39K, with expenses exceeding revenue. The organization holds $4.2M in liabilities against $2.2M in assets (debt-to-asset ratio: 192.6%), resulting in net assets of $-2,042,382.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.7M | $1.7M | $2.2M | $4.2M | — | View 990 |
| 2023 | $1.6M | $1.5M | $2.4M | $4.4M | — | View 990 |
| 2022 | $1.5M | $1.6M | $2.4M | $4.5M | — | View 990 |
| 2021 | $1.5M | $1.6M | $2.5M | $4.6M | — | — |
| 2020 | $1.5M | $1.5M | $2.8M | $4.7M | — | View 990 |
| 2018 | $1.4M | $1.4M | $3.1M | $4.9M | — | View 990 |
| 2017 | $1.3M | $1.3M | $3.1M | $5.0M | — | View 990 |
| 2016 | $1.2M | $1.3M | $3.2M | $5.1M | — | View 990 |
| 2015 | $1.2M | $1.4M | $3.6M | $5.4M | — | View 990 |
| 2014 | $1.3M | $1.3M | $3.8M | $5.5M | — | View 990 |
| 2013 | $1.2M | $1.7M | $4.5M | $6.0M | — | View 990 |
| 2012 | $1.2M | $1.1M | $4.5M | $5.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.7M, expenses of $1.7M, and assets of $2.2M (revenue +1.4% year-over-year).
- 2023: Revenue of $1.6M, expenses of $1.5M, and assets of $2.4M (revenue +6.8% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $2.4M (revenue +4.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.6M, and assets of $2.5M (revenue -1.8% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.5M, and assets of $2.8M (revenue +5.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $3.1M (revenue +8.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $3.1M (revenue +4.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $3.2M (revenue +0.7% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.4M, and assets of $3.6M (revenue -1.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.3M, and assets of $3.8M (revenue +2.3% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.7M, and assets of $4.5M (revenue +1.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $4.5M.
Data Sources and Methodology
This transparency report for Hillsdale Senior Housing Corp 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.