Kiamichi Place Senior Housing Inc

Kiamichi Place Senior Housing Inc. consistently operates at a significant deficit with liabilities exceeding assets.

EIN: 208359980 · Hugo, OK · NTEE: L22 · Updated: 2026-03-28

$105KRevenue

$1.0MAssets

40/100Mission Score (Fair)

L22

About Kiamichi Place Senior Housing Inc

Kiamichi Place Senior Housing Inc (EIN: 208359980) is a nonprofit organization based in Hugo, OK, classified under NTEE code L22. The organization reported total revenue of $105K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kiamichi Place Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kiamichi Place Senior Housing Inc. exhibits a concerning financial trend, consistently operating at a significant deficit. In 2023, the organization reported revenues of $67,738 against expenses of $133,012, indicating expenses nearly double its income. This pattern is not isolated, as evidenced by similar deficits in prior years, such as $63,667 in revenue versus $109,047 in expenses in 2022. While the organization maintains over $1 million in assets, its liabilities have consistently exceeded assets for several years, reaching $1,579,987 in liabilities against $1,041,375 in assets in 2023. This negative net asset position suggests long-term financial instability.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent operational losses raise questions about the sustainability of its current financial model. The absence of reported officer compensation across all filings suggests a volunteer-led or minimally compensated leadership structure, which can be a positive indicator of resource allocation, but does not offset the overall financial challenges. Transparency is generally good with consistent 990 filings, but the lack of detailed expense categorization within the provided data limits a deeper analysis of spending efficiency.

Given the persistent deficits and negative net assets, Kiamichi Place Senior Housing Inc. faces substantial financial challenges. While the mission of providing senior housing is vital, the current financial trajectory is unsustainable without significant changes to revenue generation or expense management. The organization's ability to continue its operations in the long term is questionable under the current financial structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kiamichi Place Senior Housing Inc with a Mission Score of 40 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: 25%
programs: 70%
fundraising: 5%

According to IRS 990 filings, Kiamichi Place Senior Housing Inc allocates its expenses as follows: admin: 25%, programs: 70%, fundraising: 5%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no compensation, which is a positive sign for resource allocation to the mission.

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 Kiamichi Place Senior Housing Inc's IRS 990 filings:

Consistent and significant operational deficits, with expenses nearly double revenue in 2023 ($133,012 vs. $67,738).
Liabilities consistently exceed assets, indicating a negative net asset position and potential insolvency (e.g., $1,579,987 liabilities vs. $1,041,375 assets in 2023).
Declining asset base over time, from $1,341,694 in 2013 to $1,041,375 in 2023.

Strengths

The following positive indicators were identified for Kiamichi Place Senior Housing Inc:

No reported officer compensation, suggesting a volunteer-driven or highly efficient leadership structure.
Consistent filing of IRS Form 990s, indicating a commitment to regulatory compliance and transparency.
Long operational history (at least since 2013 filings available), suggesting resilience despite financial challenges.

Frequently Asked Questions about Kiamichi Place Senior Housing Inc

How does Kiamichi Place Senior Housing Inc. plan to address its persistent operational deficits?

The organization consistently spends more than it earns, with expenses of $133,012 against revenues of $67,738 in 2023. A clear strategy for increasing revenue or decreasing expenses is needed.

What is the nature of the organization's significant liabilities that consistently exceed its assets?

In 2023, liabilities were $1,579,987 while assets were $1,041,375, indicating a negative net asset position. Understanding the composition of these liabilities (e.g., mortgages, loans) is crucial.

What specific programs or services does Kiamichi Place Senior Housing Inc. provide to seniors?

The NTEE code L22 indicates 'Housing for the Elderly,' but more specific details on the services offered would help assess program impact.

Filing History

IRS 990 filing history for Kiamichi Place Senior Housing Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Kiamichi Place Senior Housing Inc's revenue has grown by 198.3%, moving from $23K to $68K. Total assets decreased by 25.2% over the same period, from $1.4M to $1.0M. Total functional expenses rose by 91%, from $70K to $133K. In its most recent filing year (2023), Kiamichi Place Senior Housing Inc reported a deficit of $65K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.0M in assets (debt-to-asset ratio: 151.7%), resulting in net assets of $-538,612.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$68K	$133K	$1.0M	$1.6M	—	—
2022	$64K	$109K	$1.1M	$1.6M	—	—
2021	$62K	$110K	$1.1M	$1.5M	—	—
2019	$50K	$89K	$1.2M	$1.5M	—	View 990
2018	$54K	$89K	$1.2M	$1.5M	—	View 990
2017	$52K	$80K	$1.2M	$1.5M	—	View 990
2016	$49K	$85K	$1.2M	$1.5M	—	View 990
2015	$35K	$74K	$1.3M	$1.5M	—	View 990
2014	$38K	$76K	$1.3M	$1.5M	—	View 990
2013	$44K	$71K	$1.3M	$1.5M	—	View 990
2012	$41K	$70K	$1.4M	$1.5M	—	View 990
2011	$23K	$70K	$1.4M	$1.5M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $68K, expenses of $133K, and assets of $1.0M (revenue +6.4% year-over-year).
2022: Revenue of $64K, expenses of $109K, and assets of $1.1M (revenue +2.8% year-over-year).
2021: Revenue of $62K, expenses of $110K, and assets of $1.1M (revenue +22.8% year-over-year).
2019: Revenue of $50K, expenses of $89K, and assets of $1.2M (revenue -6.6% year-over-year).
2018: Revenue of $54K, expenses of $89K, and assets of $1.2M (revenue +2.8% year-over-year).
2017: Revenue of $52K, expenses of $80K, and assets of $1.2M (revenue +7.6% year-over-year).
2016: Revenue of $49K, expenses of $85K, and assets of $1.2M (revenue +38.3% year-over-year).
2015: Revenue of $35K, expenses of $74K, and assets of $1.3M (revenue -8.4% year-over-year).
2014: Revenue of $38K, expenses of $76K, and assets of $1.3M (revenue -12.0% year-over-year).
2013: Revenue of $44K, expenses of $71K, and assets of $1.3M (revenue +5.7% year-over-year).
2012: Revenue of $41K, expenses of $70K, and assets of $1.4M (revenue +82.2% year-over-year).
2011: Revenue of $23K, expenses of $70K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Kiamichi Place 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.