Mexico Senior Housing Corporation
Mexico Senior Housing Corporation maintains stable operations with declining liabilities, though experienced a slight deficit in 2023.
EIN: 10343318 · Mexico, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $172K |
| Total Expenses | $170K |
| Program Spending | 90% |
| Net Assets | $180K |
| Transparency Score | 85/100 |
Is Mexico 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 →
Mexico Senior Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mexico Senior Housing Corporation
Mexico Senior Housing Corporation (EIN: 10343318) is a nonprofit organization based in Mexico, ME. The organization reported total revenue of $172K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mexico Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mexico Senior Housing Corporation is a small nonprofit that has been operating for 50 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $160K |
| Total Expenses | $170K |
| Surplus / Deficit | $-10,225 |
| Total Assets | $284K |
| Total Liabilities | $104K |
| Net Assets | $180K |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 36.6% |
| Months of Reserves | 20.0 months |
Financial Health Grade: B
In 2023, Mexico Senior Housing Corporation reported a deficit of $10K with expenses exceeding revenue, holds 20.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mexico Senior Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +14.4% | -10.1% |
| 2022 | -0.8% | +4.8% | -4.0% |
| 2021 | -0.4% | +16.1% | -2.4% |
| 2020 | +0.5% | -7.3% | +3.9% |
| 2019 | +1.6% | +1.6% | +0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1976 |
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 Mexico Senior Housing Corporation with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Mexico Senior Housing Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $10K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for an organization of its size.
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 Mexico Senior Housing Corporation's IRS 990 filings:
- Expenses exceeded revenue in the latest 2023 filing ($170,432 vs $160,207), indicating a net operating loss for that period.
Strengths
The following positive indicators were identified for Mexico Senior Housing Corporation:
- Consistent 0% officer compensation across all filings, indicating high efficiency and volunteer leadership.
- Significant reduction in liabilities over the past decade, from $267,443 in 2014 to $104,011 in 2023.
- Stable revenue streams over many years, generally covering operational expenses.
- Long history of consistent IRS 990 filings, demonstrating transparency.
Frequently Asked Questions about Mexico Senior Housing Corporation
Is Mexico Senior Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mexico Senior Housing Corporation (EIN: 10343318) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mexico Senior Housing Corporation spend its money?
Mexico Senior Housing Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mexico Senior Housing Corporation tax-deductible?
Mexico Senior Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10343318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mexico Senior Housing Corporation located?
Mexico Senior Housing Corporation is headquartered in Mexico, Maine and files with the IRS under EIN 10343318.
How many years of IRS 990 filings does Mexico Senior Housing Corporation have?
Mexico 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 $172K in total revenue.
Is Mexico Senior Housing Corporation financially stable?
Yes, generally. While the 2023 filing shows expenses ($170,432) exceeding revenue ($160,207), the organization has a history of revenues exceeding expenses and has significantly reduced its liabilities from $267,443 in 2014 to $104,011 in 2023, indicating overall financial prudence.
How efficient is Mexico Senior Housing Corporation with its spending?
The organization appears highly efficient, especially given the consistent reporting of 0% officer compensation. This suggests a very low administrative overhead for executive leadership, allowing more funds to be directed towards its mission.
What is the trend in the organization's assets and liabilities?
Assets have seen a gradual decline from a peak of $337,083 in 2020 to $283,875 in 2023. Conversely, liabilities have significantly decreased from $267,443 in 2014 to $104,011 in 2023, which is a positive trend for financial health.
Filing History
IRS 990 filing history for Mexico Senior Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mexico Senior Housing Corporation's revenue has grown by 25.3%, moving from $128K to $160K. Total assets decreased by 10.8% over the same period, from $318K to $284K. Total functional expenses rose by 9.8%, from $155K to $170K. In its most recent filing year (2023), Mexico Senior Housing Corporation reported a deficit of $10K, with expenses exceeding revenue. The organization holds $104K in liabilities against $284K in assets (debt-to-asset ratio: 36.6%), resulting in net assets of $180K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $160K | $170K | $284K | $104K | — | View 990 |
| 2022 | $152K | $149K | $316K | $126K | — | View 990 |
| 2021 | $153K | $142K | $329K | $142K | — | View 990 |
| 2020 | $153K | $123K | $337K | $160K | — | View 990 |
| 2019 | $153K | $132K | $325K | $179K | — | View 990 |
| 2018 | $150K | $130K | $322K | $197K | — | View 990 |
| 2017 | $153K | $133K | $322K | $217K | — | View 990 |
| 2016 | $152K | $131K | $321K | $236K | — | View 990 |
| 2015 | $147K | $125K | $322K | $257K | — | View 990 |
| 2014 | $145K | $135K | $312K | $267K | — | View 990 |
| 2013 | $150K | $128K | $319K | $285K | — | View 990 |
| 2012 | $148K | $135K | $315K | $302K | — | View 990 |
| 2011 | $128K | $155K | $318K | $319K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $160K, expenses of $170K, and assets of $284K (revenue +5.7% year-over-year).
- 2022: Revenue of $152K, expenses of $149K, and assets of $316K (revenue -0.8% year-over-year).
- 2021: Revenue of $153K, expenses of $142K, and assets of $329K (revenue -0.4% year-over-year).
- 2020: Revenue of $153K, expenses of $123K, and assets of $337K (revenue +0.5% year-over-year).
- 2019: Revenue of $153K, expenses of $132K, and assets of $325K (revenue +1.6% year-over-year).
- 2018: Revenue of $150K, expenses of $130K, and assets of $322K (revenue -1.5% year-over-year).
- 2017: Revenue of $153K, expenses of $133K, and assets of $322K (revenue +0.7% year-over-year).
- 2016: Revenue of $152K, expenses of $131K, and assets of $321K (revenue +3.5% year-over-year).
- 2015: Revenue of $147K, expenses of $125K, and assets of $322K (revenue +0.9% year-over-year).
- 2014: Revenue of $145K, expenses of $135K, and assets of $312K (revenue -3.1% year-over-year).
- 2013: Revenue of $150K, expenses of $128K, and assets of $319K (revenue +0.9% year-over-year).
- 2012: Revenue of $148K, expenses of $135K, and assets of $315K (revenue +16.1% year-over-year).
- 2011: Revenue of $128K, expenses of $155K, and assets of $318K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mexico Senior Housing Corporation:
Data Sources and Methodology
This transparency report for Mexico 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.