Mendham Area Senior Housing Corporation
Mendham Area Senior Housing Corporation: Stable Operations, Modest Reserves
EIN: 222135618 · Mendham, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $463K |
| Total Expenses | $396K |
| Program Spending | 85% |
| Net Assets | $-376,374 |
| Transparency Score | 75/100 |
Is Mendham Area Senior Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mendham Area Senior Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mendham Area Senior Housing Corporation
Mendham Area Senior Housing Corporation (EIN: 222135618) is a nonprofit organization based in Mendham, NJ. The organization reported total revenue of $463K and total assets of $949K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mendham Area Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mendham Area Senior Housing Corporation is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $363K |
| Total Expenses | $396K |
| Surplus / Deficit | $-33,016 |
| Total Assets | $931K |
| Total Liabilities | $1.3M |
| Net Assets | $-376,374 |
| Operating Margin | -9.1% |
| Debt-to-Asset Ratio | 140.4% |
| Months of Reserves | 28.2 months |
Financial Health Grade: C
In 2023, Mendham Area Senior Housing Corporation reported a deficit of $33K with expenses exceeding revenue, holds 28.2 months of operating reserves (strong position), has a debt-to-asset ratio of 140.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mendham Area Senior Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.4% | -5.2% | -6.9% |
| 2022 | -5.1% | +7.2% | +3.6% |
| 2021 | +7.6% | +16.8% | -7.7% |
| 2020 | -8.2% | -10.7% | -4.7% |
| 2019 | -0.6% | -0.3% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Mendham Area Senior 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Mendham Area Senior Housing Corporation 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 140.4%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold for key employees, indicating a volunteer or very low-paid leadership structure.
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 Mendham Area Senior Housing Corporation's IRS 990 filings:
- Declining asset base over the past several years, from $1,291,936 in 2016 to $930,674 in 2023.
- Liabilities consistently exceed assets, indicating a negative net asset position, e.g., $930,674 assets vs. $1,307,048 liabilities in 2023.
Strengths
The following positive indicators were identified for Mendham Area Senior Housing Corporation:
- Consistent revenue generation, averaging around $300,000-$350,000 annually.
- Stable expense management, with expenses generally in line with or slightly above revenue.
- Long operational history, with consistent filings dating back to at least 2016.
- Focus on senior housing, addressing a critical community need.
Frequently Asked Questions about Mendham Area Senior Housing Corporation
Is Mendham Area Senior Housing Corporation a legitimate charity?
Mendham Area Senior Housing Corporation (EIN: 222135618) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $463K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Mendham Area Senior Housing Corporation spend its money?
Mendham Area Senior Housing Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Mendham Area Senior Housing Corporation tax-deductible?
Mendham Area Senior Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222135618). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mendham Area Senior Housing Corporation's spending goes to programs?
Mendham Area Senior Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Mendham Area Senior Housing Corporation located?
Mendham Area Senior Housing Corporation is headquartered in Mendham, New Jersey and files with the IRS under EIN 222135618.
How many years of IRS 990 filings does Mendham Area Senior Housing Corporation have?
Mendham Area Senior 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 $463K in total revenue.
What does Mendham Area Senior Housing Corporation do?
Mendham Area Senior Housing Corporation is a nonprofit organization in the Unknown sector, located in Mendham, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mendham Area Senior Housing Corporation have?
Mendham Area Senior Housing Corporation reported total revenue of $462,674. Based on 13 IRS 990 filings on record.
What are Mendham Area Senior Housing Corporation's total assets?
Mendham Area Senior Housing Corporation holds total assets of $948,906 as reported in IRS 990 filings.
Where is Mendham Area Senior Housing Corporation located?
Mendham Area Senior Housing Corporation is based in Mendham, New Jersey.
What is Mendham Area Senior Housing Corporation's EIN?
Mendham Area Senior Housing Corporation's Employer Identification Number (EIN) is 222135618. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mendham Area Senior Housing Corporation?
Mendham Area Senior Housing Corporation is classified under NTEE code Unknown (Unknown).
Is Mendham Area Senior Housing Corporation a registered 501(c)(3)?
Mendham Area Senior Housing Corporation appears in IRS records (EIN: 222135618). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mendham Area Senior Housing Corporation file IRS Form 990?
Yes, Mendham Area Senior Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mendham Area Senior Housing Corporation's revenue in 2023?
In the 202312 filing period, Mendham Area Senior Housing Corporation reported total revenue of $362,520, total expenses of $395,536, and net assets of $930,674.
Is Mendham Area Senior Housing Corporation's revenue growing or declining?
Mendham Area Senior Housing Corporation's revenue is growing. Revenue went from $306,261 (202212) to $362,520 (202312), a +18.4% change. Based on 13 filings on record.
What is Mendham Area Senior Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Mendham Area Senior Housing Corporation covers tax period 202312. It shows revenue of $362,520, expenses of $395,536, total assets of $930,674, and liabilities of $1,307,048.
How much does Mendham Area Senior Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Mendham Area Senior Housing Corporation allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mendham Area Senior Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Mendham Area Senior Housing Corporation appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Mendham Area Senior Housing Corporation?
The following concerns were identified: Declining asset base over the past several years, from $1,291,936 in 2016 to $930,674 in 2023.. Liabilities consistently exceed assets, indicating a negative net asset position, e.g., $930,674 assets vs. $1,307,048 liabilities in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mendham Area Senior Housing Corporation's strengths?
Positive indicators for Mendham Area Senior Housing Corporation include: Consistent revenue generation, averaging around $300,000-$350,000 annually.. Stable expense management, with expenses generally in line with or slightly above revenue.. Long operational history, with consistent filings dating back to at least 2016.. Focus on senior housing, addressing a critical community need.. These findings are derived from AI analysis of the organization's financial filings.
How does Mendham Area Senior Housing Corporation compensate executives?
Executive compensation is not reported in the provided data, suggesting it is below the IRS reporting threshold for key employees, indicating a volunteer or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Mendham Area Senior Housing Corporation?
- Financial statements are consistently filed, showing regular reporting. - The organization's Form 990s are publicly available, detailing revenue and expenses. - No specific transparency report or detailed impact metrics are readily available beyond standard financial filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent negative net assets, how does Mendham Area Senior Housing Corporation sustain its operations?
The consistent negative net assets suggest that the organization relies heavily on ongoing revenue streams (likely rent or fees from residents) to cover operational expenses, rather than drawing from a substantial endowment or accumulated reserves. The 'c0%' in the filings might indicate cash flow is managed tightly, or that the organization operates on a pay-as-you-go model, potentially with external support not fully captured in these high-level figures.
What is the primary driver behind the declining asset base?
Without more detailed financial statements, it's difficult to pinpoint the exact cause. However, common reasons for a declining asset base in housing corporations include depreciation of physical assets (buildings), lack of significant capital improvements, or a reduction in cash/investments if expenses consistently outpace revenue or if debt is being paid down without corresponding asset growth.
Filing History
IRS 990 filing history for Mendham Area Senior Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mendham Area Senior Housing Corporation's revenue has grown by 18%, moving from $307K to $363K. Total assets decreased by 39.4% over the same period, from $1.5M to $931K. Total functional expenses rose by 11.8%, from $354K to $396K. In its most recent filing year (2023), Mendham Area Senior Housing Corporation reported a deficit of $33K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $931K in assets (debt-to-asset ratio: 140.4%), resulting in net assets of $-376,374.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $363K | $396K | $931K | $1.3M | — | — |
| 2022 | $306K | $417K | $1000K | $1.3M | — | View 990 |
| 2021 | $323K | $389K | $965K | $1.2M | — | View 990 |
| 2020 | $300K | $333K | $1.0M | $1.2M | — | View 990 |
| 2019 | $327K | $373K | $1.1M | $1.2M | — | View 990 |
| 2018 | $329K | $374K | $1.2M | $1.2M | — | View 990 |
| 2017 | $310K | $352K | $1.2M | $1.3M | — | View 990 |
| 2016 | $333K | $343K | $1.3M | $1.3M | — | View 990 |
| 2015 | $310K | $353K | $1.3M | $1.3M | — | View 990 |
| 2014 | $327K | $344K | $1.4M | $1.3M | — | View 990 |
| 2013 | $322K | $369K | $1.4M | $1.3M | — | View 990 |
| 2012 | $316K | $354K | $1.5M | $1.4M | — | View 990 |
| 2011 | $307K | $354K | $1.5M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $363K, expenses of $396K, and assets of $931K (revenue +18.4% year-over-year).
- 2022: Revenue of $306K, expenses of $417K, and assets of $1000K (revenue -5.1% year-over-year).
- 2021: Revenue of $323K, expenses of $389K, and assets of $965K (revenue +7.6% year-over-year).
- 2020: Revenue of $300K, expenses of $333K, and assets of $1.0M (revenue -8.2% year-over-year).
- 2019: Revenue of $327K, expenses of $373K, and assets of $1.1M (revenue -0.6% year-over-year).
- 2018: Revenue of $329K, expenses of $374K, and assets of $1.2M (revenue +6.1% year-over-year).
- 2017: Revenue of $310K, expenses of $352K, and assets of $1.2M (revenue -6.9% year-over-year).
- 2016: Revenue of $333K, expenses of $343K, and assets of $1.3M (revenue +7.4% year-over-year).
- 2015: Revenue of $310K, expenses of $353K, and assets of $1.3M (revenue -5.1% year-over-year).
- 2014: Revenue of $327K, expenses of $344K, and assets of $1.4M (revenue +1.3% year-over-year).
- 2013: Revenue of $322K, expenses of $369K, and assets of $1.4M (revenue +1.9% year-over-year).
- 2012: Revenue of $316K, expenses of $354K, and assets of $1.5M (revenue +3.0% year-over-year).
- 2011: Revenue of $307K, expenses of $354K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mendham Area Senior Housing Corporation:
Data Sources and Methodology
This transparency report for Mendham Area Senior 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.