Lee Elderly Housing Corporation
Lee Elderly Housing Corporation: Stable Finances, Consistent Mission
EIN: 222472999 · Pittsfield, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $628K |
| Total Expenses | $613K |
| Program Spending | 90% |
| Net Assets | $-261,210 |
| Transparency Score | 75/100 |
Is Lee Elderly Housing Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lee Elderly Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lee Elderly Housing Corporation
Lee Elderly Housing Corporation (EIN: 222472999) is a nonprofit organization based in Pittsfield, MA. The organization reported total revenue of $628K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lee Elderly Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lee Elderly Housing Corporation is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $609K |
| Total Expenses | $613K |
| Surplus / Deficit | $-3,448 |
| Total Assets | $1.2M |
| Total Liabilities | $1.5M |
| Net Assets | $-261,210 |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 121.0% |
| Months of Reserves | 24.3 months |
Financial Health Grade: C
In 2023, Lee Elderly Housing Corporation reported a deficit of $3K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 121.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lee Elderly Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +4.1% | -1.7% |
| 2022 | +1.6% | +2.8% | -4.8% |
| 2021 | +8.8% | +7.4% | +0.7% |
| 2020 | -0.9% | +1.4% | -1.4% |
| 2019 | -1.1% | +5.3% | -1.3% |
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 Lee Elderly Housing Corporation 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Lee Elderly Housing Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3K, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.0%.
Executive Compensation Analysis
Executive compensation information is not available in the provided data, preventing a detailed assessment.
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.
Strengths
The following positive indicators were identified for Lee Elderly Housing Corporation:
- Consistent revenue and asset base over several years, indicating financial stability.
- Low overhead suggested by the spending breakdown, with a high percentage allocated to programs.
Frequently Asked Questions about Lee Elderly Housing Corporation
Is Lee Elderly Housing Corporation a legitimate charity?
Lee Elderly Housing Corporation (EIN: 222472999) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $628K. No red flags identified. 2 strengths noted. Financial health grade: C.
How does Lee Elderly Housing Corporation spend its money?
Lee Elderly Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lee Elderly Housing Corporation tax-deductible?
Lee Elderly Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222472999). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lee Elderly Housing Corporation's spending goes to programs?
Lee Elderly Housing Corporation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lee Elderly Housing Corporation located?
Lee Elderly Housing Corporation is headquartered in Pittsfield, Massachusetts and files with the IRS under EIN 222472999.
How many years of IRS 990 filings does Lee Elderly Housing Corporation have?
Lee Elderly Housing Corporation 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 $628K in total revenue.
What does Lee Elderly Housing Corporation do?
Lee Elderly Housing Corporation is a nonprofit organization in the Unknown sector, located in Pittsfield, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Lee Elderly Housing Corporation have?
Lee Elderly Housing Corporation reported total revenue of $628,325. Based on 13 IRS 990 filings on record.
What are Lee Elderly Housing Corporation's total assets?
Lee Elderly Housing Corporation holds total assets of $1,317,596 as reported in IRS 990 filings.
Where is Lee Elderly Housing Corporation located?
Lee Elderly Housing Corporation is based in Pittsfield, Massachusetts.
What is Lee Elderly Housing Corporation's EIN?
Lee Elderly Housing Corporation's Employer Identification Number (EIN) is 222472999. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lee Elderly Housing Corporation?
Lee Elderly Housing Corporation is classified under NTEE code Unknown (Unknown).
Is Lee Elderly Housing Corporation a registered 501(c)(3)?
Lee Elderly Housing Corporation appears in IRS records (EIN: 222472999). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lee Elderly Housing Corporation file IRS Form 990?
Yes, Lee Elderly Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lee Elderly Housing Corporation's revenue in 2023?
In the 202312 filing period, Lee Elderly Housing Corporation reported total revenue of $609,156, total expenses of $612,604, and net assets of $1,241,850.
Is Lee Elderly Housing Corporation's revenue growing or declining?
Lee Elderly Housing Corporation's revenue is relatively stable. Revenue went from $586,062 (202212) to $609,156 (202312), a +3.9% change. Based on 13 filings on record.
What is Lee Elderly Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Lee Elderly Housing Corporation covers tax period 202312. It shows revenue of $609,156, expenses of $612,604, total assets of $1,241,850, and liabilities of $1,503,060.
How much does Lee Elderly Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Lee Elderly Housing Corporation allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lee Elderly Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Lee Elderly Housing Corporation appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 2 strengths noted.
What are Lee Elderly Housing Corporation's strengths?
Positive indicators for Lee Elderly Housing Corporation include: Consistent revenue and asset base over several years, indicating financial stability.. Low overhead suggested by the spending breakdown, with a high percentage allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Lee Elderly Housing Corporation compensate executives?
Executive compensation information is not available in the provided data, preventing a detailed assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent financial performance and mission, what are the primary challenges and opportunities for growth or increased impact for Lee Elderly Housing Corporation?
Without more detailed program information, it's difficult to pinpoint specific challenges or opportunities. However, maintaining current service levels while exploring potential partnerships or grant opportunities for facility upgrades or expanded resident services could be areas of focus.
Filing History
IRS 990 filing history for Lee Elderly Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lee Elderly Housing Corporation's revenue has grown by 23.5%, moving from $493K to $609K. Total assets decreased by 16.9% over the same period, from $1.5M to $1.2M. Total functional expenses rose by 29.2%, from $474K to $613K. In its most recent filing year (2023), Lee Elderly Housing Corporation reported a deficit of $3K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.2M in assets (debt-to-asset ratio: 121.0%), resulting in net assets of $-261,210.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $609K | $613K | $1.2M | $1.5M | — | — |
| 2022 | $586K | $589K | $1.3M | $1.5M | — | View 990 |
| 2021 | $577K | $573K | $1.3M | $1.6M | — | View 990 |
| 2020 | $530K | $533K | $1.3M | $1.6M | — | — |
| 2019 | $535K | $526K | $1.3M | $1.6M | — | View 990 |
| 2018 | $541K | $499K | $1.4M | $1.6M | — | View 990 |
| 2017 | $500K | $501K | $1.3M | $1.6M | — | View 990 |
| 2016 | $511K | $454K | $1.4M | $1.7M | — | View 990 |
| 2015 | $473K | $471K | $1.4M | $1.8M | — | View 990 |
| 2014 | $491K | $465K | $1.5M | $1.8M | — | View 990 |
| 2013 | $420K | $455K | $1.4M | $1.8M | — | View 990 |
| 2012 | $468K | $438K | $1.5M | $1.9M | — | View 990 |
| 2011 | $493K | $474K | $1.5M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $609K, expenses of $613K, and assets of $1.2M (revenue +3.9% year-over-year).
- 2022: Revenue of $586K, expenses of $589K, and assets of $1.3M (revenue +1.6% year-over-year).
- 2021: Revenue of $577K, expenses of $573K, and assets of $1.3M (revenue +8.8% year-over-year).
- 2020: Revenue of $530K, expenses of $533K, and assets of $1.3M (revenue -0.9% year-over-year).
- 2019: Revenue of $535K, expenses of $526K, and assets of $1.3M (revenue -1.1% year-over-year).
- 2018: Revenue of $541K, expenses of $499K, and assets of $1.4M (revenue +8.3% year-over-year).
- 2017: Revenue of $500K, expenses of $501K, and assets of $1.3M (revenue -2.1% year-over-year).
- 2016: Revenue of $511K, expenses of $454K, and assets of $1.4M (revenue +7.9% year-over-year).
- 2015: Revenue of $473K, expenses of $471K, and assets of $1.4M (revenue -3.7% year-over-year).
- 2014: Revenue of $491K, expenses of $465K, and assets of $1.5M (revenue +17.1% year-over-year).
- 2013: Revenue of $420K, expenses of $455K, and assets of $1.4M (revenue -10.3% year-over-year).
- 2012: Revenue of $468K, expenses of $438K, and assets of $1.5M (revenue -5.2% year-over-year).
- 2011: Revenue of $493K, expenses of $474K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lee Elderly Housing Corporation:
Data Sources and Methodology
This transparency report for Lee Elderly Housing Corporation 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.