Kent Village Housing For The Elderly Inc
EIN: 66185536 · Kent, CT · NTEE: L22Z
Is Kent Village Housing For The 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 Kent Village Housing For The Elderly Inc
Kent Village Housing For The Elderly Inc (EIN: 66185536) is a nonprofit organization based in Kent, CT, classified under NTEE code L22Z. The organization reported total revenue of $393K and total assets of $886K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kent Village Housing For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kent Village Housing For The Elderly Inc is a small nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $358K |
| Total Expenses | $369K |
| Surplus / Deficit | $-11,462 |
| Total Assets | $881K |
| Total Liabilities | $974K |
| Net Assets | $-92,565 |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 110.5% |
| Months of Reserves | 28.6 months |
Financial Health Grade: C
In 2023, Kent Village Housing For The Elderly Inc reported a deficit of $11K with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 110.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kent Village Housing For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.5% | +9.5% | -2.6% |
| 2022 | +10.9% | -7.6% | +2.4% |
| 2021 | -6.9% | +6.0% | -3.1% |
| 2020 | +4.5% | -3.5% | +0.1% |
| 2019 | +5.6% | +8.3% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Kent Village Housing For The 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 Kent Village Housing For The 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 $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 110.5%.
Frequently Asked Questions about Kent Village Housing For The Elderly Inc
Is Kent Village Housing For The Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kent Village Housing For The Elderly Inc (EIN: 66185536) insufficient data. 0 red flags identified, 0 strengths noted.
How does Kent Village Housing For The Elderly Inc spend its money?
Detailed spending breakdown data is not yet available for Kent Village Housing For The Elderly Inc. Check back for updated IRS 990 analysis.
Are donations to Kent Village Housing For The Elderly Inc tax-deductible?
Kent Village Housing For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 66185536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Kent Village Housing For The Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kent Village Housing For The Elderly Inc's revenue has grown by 45.3%, moving from $246K to $358K. Total assets increased by 61.7% over the same period, from $545K to $881K. Total functional expenses rose by 38.8%, from $266K to $369K. In its most recent filing year (2023), Kent Village Housing For The Elderly Inc reported a deficit of $11K, with expenses exceeding revenue. The organization holds $974K in liabilities against $881K in assets (debt-to-asset ratio: 110.5%), resulting in net assets of $-92,565.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $358K | $369K | $881K | $974K | — | View 990 |
| 2022 | $367K | $337K | $905K | $985K | — | View 990 |
| 2021 | $331K | $365K | $884K | $965K | — | View 990 |
| 2020 | $355K | $344K | $912K | $964K | — | View 990 |
| 2019 | $340K | $357K | $911K | $957K | — | View 990 |
| 2018 | $322K | $330K | $938K | $958K | — | View 990 |
| 2017 | $352K | $315K | $961K | $963K | — | View 990 |
| 2016 | $312K | $352K | $945K | $976K | — | View 990 |
| 2015 | $325K | $323K | $987K | $968K | — | View 990 |
| 2014 | $309K | $309K | $526K | $519K | — | View 990 |
| 2013 | $298K | $286K | $552K | $533K | — | View 990 |
| 2012 | $264K | $261K | $539K | $536K | — | View 990 |
| 2011 | $246K | $266K | $545K | $543K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $358K, expenses of $369K, and assets of $881K (revenue -2.5% year-over-year).
- 2022: Revenue of $367K, expenses of $337K, and assets of $905K (revenue +10.9% year-over-year).
- 2021: Revenue of $331K, expenses of $365K, and assets of $884K (revenue -6.9% year-over-year).
- 2020: Revenue of $355K, expenses of $344K, and assets of $912K (revenue +4.5% year-over-year).
- 2019: Revenue of $340K, expenses of $357K, and assets of $911K (revenue +5.6% year-over-year).
- 2018: Revenue of $322K, expenses of $330K, and assets of $938K (revenue -8.6% year-over-year).
- 2017: Revenue of $352K, expenses of $315K, and assets of $961K (revenue +12.9% year-over-year).
- 2016: Revenue of $312K, expenses of $352K, and assets of $945K (revenue -4.0% year-over-year).
- 2015: Revenue of $325K, expenses of $323K, and assets of $987K (revenue +5.2% year-over-year).
- 2014: Revenue of $309K, expenses of $309K, and assets of $526K (revenue +3.6% year-over-year).
- 2013: Revenue of $298K, expenses of $286K, and assets of $552K (revenue +13.0% year-over-year).
- 2012: Revenue of $264K, expenses of $261K, and assets of $539K (revenue +7.0% year-over-year).
- 2011: Revenue of $246K, expenses of $266K, and assets of $545K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kent Village Housing For The Elderly Inc:
Data Sources and Methodology
This transparency report for Kent Village Housing For The 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.