Holy Redeemer Senior Citizens Facility
EIN: 341603502 · Cleveland, OH · NTEE: L22Z
| Metric | Value |
|---|---|
| Total Revenue | $550K |
| Total Expenses | $598K |
| Net Assets | $-1,780,991 |
Is Holy Redeemer Senior Citizens Facility Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Holy Redeemer Senior Citizens Facility
Holy Redeemer Senior Citizens Facility (EIN: 341603502) is a nonprofit organization based in Cleveland, OH, classified under NTEE code L22Z. The organization reported total revenue of $550K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Redeemer Senior Citizens Facility's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Redeemer Senior Citizens Facility is a small nonprofit that has been operating for 33 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $530K |
| Total Expenses | $598K |
| Surplus / Deficit | $-67,857 |
| Total Assets | $1.2M |
| Total Liabilities | $3.0M |
| Net Assets | $-1,780,991 |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 250.1% |
| Months of Reserves | 23.8 months |
Financial Health Grade: C
In 2022, Holy Redeemer Senior Citizens Facility reported a deficit of $68K with expenses exceeding revenue, holds 23.8 months of operating reserves (strong position), has a debt-to-asset ratio of 250.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Holy Redeemer Senior Citizens Facility's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +1.2% | -3.1% | -6.3% |
| 2021 | +3.2% | +11.9% | -5.2% |
| 2020 | +3.3% | -1.8% | -3.8% |
| 2019 | +2.7% | +9.2% | -4.7% |
| 2018 | +1.6% | +2.7% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Holy Redeemer Senior Citizens Facility 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 Holy Redeemer Senior Citizens Facility 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $68K, with expenses exceeding revenue.
- Debt-to-asset ratio: 250.1%.
Frequently Asked Questions about Holy Redeemer Senior Citizens Facility
Is Holy Redeemer Senior Citizens Facility a legitimate charity?
Holy Redeemer Senior Citizens Facility (EIN: 341603502) is a registered tax-exempt nonprofit based in Ohio. It has 12 years of IRS 990 filings on record. Total revenue: $550K. No red flags identified. Financial health grade: C.
How does Holy Redeemer Senior Citizens Facility spend its money?
Holy Redeemer Senior Citizens Facility reported $550K in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Holy Redeemer Senior Citizens Facility tax-deductible?
Holy Redeemer Senior Citizens Facility is registered as a tax-exempt nonprofit (EIN: 341603502). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Holy Redeemer Senior Citizens Facility located?
Holy Redeemer Senior Citizens Facility is headquartered in Cleveland, Ohio and files with the IRS under EIN 341603502. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Holy Redeemer Senior Citizens Facility have?
Holy Redeemer Senior Citizens Facility has 12 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 $550K in total revenue.
Filing History
IRS 990 filing history for Holy Redeemer Senior Citizens Facility showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Holy Redeemer Senior Citizens Facility's revenue has grown by 73.5%, moving from $305K to $530K. Total assets decreased by 36% over the same period, from $1.9M to $1.2M. Total functional expenses rose by 64.9%, from $363K to $598K. In its most recent filing year (2022), Holy Redeemer Senior Citizens Facility reported a deficit of $68K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $1.2M in assets (debt-to-asset ratio: 250.1%), resulting in net assets of $-1,780,991.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $530K | $598K | $1.2M | $3.0M | — | View 990 |
| 2021 | $524K | $617K | $1.3M | $3.0M | — | View 990 |
| 2020 | $507K | $551K | $1.3M | $3.0M | — | View 990 |
| 2019 | $491K | $561K | $1.4M | $3.0M | — | View 990 |
| 2018 | $478K | $514K | $1.5M | $3.0M | — | View 990 |
| 2017 | $471K | $501K | $1.5M | $3.0M | — | View 990 |
| 2016 | $469K | $505K | $1.5M | $3.0M | — | View 990 |
| 2015 | $418K | $476K | $1.5M | $2.9M | — | View 990 |
| 2014 | $425K | $503K | $1.6M | $3.0M | — | View 990 |
| 2013 | $397K | $447K | $1.7M | $3.0M | — | View 990 |
| 2012 | $391K | $460K | $1.7M | $3.0M | — | View 990 |
| 2011 | $305K | $363K | $1.9M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $530K, expenses of $598K, and assets of $1.2M (revenue +1.2% year-over-year).
- 2021: Revenue of $524K, expenses of $617K, and assets of $1.3M (revenue +3.2% year-over-year).
- 2020: Revenue of $507K, expenses of $551K, and assets of $1.3M (revenue +3.3% year-over-year).
- 2019: Revenue of $491K, expenses of $561K, and assets of $1.4M (revenue +2.7% year-over-year).
- 2018: Revenue of $478K, expenses of $514K, and assets of $1.5M (revenue +1.6% year-over-year).
- 2017: Revenue of $471K, expenses of $501K, and assets of $1.5M (revenue +0.4% year-over-year).
- 2016: Revenue of $469K, expenses of $505K, and assets of $1.5M (revenue +12.3% year-over-year).
- 2015: Revenue of $418K, expenses of $476K, and assets of $1.5M (revenue -1.7% year-over-year).
- 2014: Revenue of $425K, expenses of $503K, and assets of $1.6M (revenue +7.0% year-over-year).
- 2013: Revenue of $397K, expenses of $447K, and assets of $1.7M (revenue +1.5% year-over-year).
- 2012: Revenue of $391K, expenses of $460K, and assets of $1.7M (revenue +28.1% year-over-year).
- 2011: Revenue of $305K, expenses of $363K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Redeemer Senior Citizens Facility:
Data Sources and Methodology
This transparency report for Holy Redeemer Senior Citizens Facility 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.