Middlebury Senior Housing Associates Inc
Middlebury Senior Housing Associates Inc: Declining Assets, Consistent Deficits
EIN: 222976661 · Middlebury, CT · Updated: 2026-04-04
Is Middlebury Senior Housing Associates Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middlebury Senior Housing Associates Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middlebury Senior Housing Associates Inc
Middlebury Senior Housing Associates Inc (EIN: 222976661) is a nonprofit organization based in Middlebury, CT. The organization reported total revenue of $823K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middlebury Senior Housing Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Middlebury Senior Housing Associates Inc with a Mission Score of 60 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, Middlebury Senior Housing Associates Inc 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.
Executive Compensation Analysis
Executive compensation is reported as $0 across all filings, suggesting a volunteer-led organization or that compensation is handled by an external management company not reflected in these specific filings.
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 Middlebury Senior Housing Associates Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue every year from 2016 to 2023, with a deficit of $164,539 in 2023 ($988,959 expenses vs. $824,420 revenue).
- Declining assets: Total assets have steadily decreased from $2,439,444 in 2016 to $1,189,279 in 2023.
- Significant long-term liabilities: Liabilities consistently exceed $6 million, significantly higher than total assets, raising concerns about solvency.
Strengths
The following positive indicators were identified for Middlebury Senior Housing Associates Inc:
- Consistent revenue generation: Despite deficits, the organization has maintained a relatively stable revenue stream over the years, ranging from $653,474 in 2016 to $824,420 in 2023.
- Low administrative and fundraising overhead (implied): The 0% compensation suggests a highly efficient or volunteer-driven operational model, potentially maximizing funds for programs.
Frequently Asked Questions about Middlebury Senior Housing Associates Inc
Is Middlebury Senior Housing Associates Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Middlebury Senior Housing Associates Inc (EIN: 222976661) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Middlebury Senior Housing Associates Inc spend its money?
Middlebury Senior Housing Associates Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Middlebury Senior Housing Associates Inc tax-deductible?
Middlebury Senior Housing Associates Inc is registered as a tax-exempt nonprofit (EIN: 222976661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Middlebury Senior Housing Associates Inc do?
Middlebury Senior Housing Associates Inc is a nonprofit organization in the Unknown sector, located in Middlebury, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Middlebury Senior Housing Associates Inc have?
Middlebury Senior Housing Associates Inc reported total revenue of $823,474. Based on 13 IRS 990 filings on record.
What are Middlebury Senior Housing Associates Inc's total assets?
Middlebury Senior Housing Associates Inc holds total assets of $1,251,238 as reported in IRS 990 filings.
Where is Middlebury Senior Housing Associates Inc located?
Middlebury Senior Housing Associates Inc is based in Middlebury, Connecticut.
What is Middlebury Senior Housing Associates Inc's EIN?
Middlebury Senior Housing Associates Inc's Employer Identification Number (EIN) is 222976661. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Middlebury Senior Housing Associates Inc?
Middlebury Senior Housing Associates Inc is classified under NTEE code Unknown (Unknown).
Is Middlebury Senior Housing Associates Inc a registered 501(c)(3)?
Middlebury Senior Housing Associates Inc appears in IRS records (EIN: 222976661). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Middlebury Senior Housing Associates Inc file IRS Form 990?
Yes, Middlebury Senior Housing Associates Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Middlebury Senior Housing Associates Inc's revenue in 2023?
In the 202312 filing period, Middlebury Senior Housing Associates Inc reported total revenue of $824,420, total expenses of $988,959, and net assets of $1,189,279.
Is Middlebury Senior Housing Associates Inc's revenue growing or declining?
Middlebury Senior Housing Associates Inc's revenue is relatively stable. Revenue went from $789,097 (202212) to $824,420 (202312), a +4.5% change. Based on 13 filings on record.
What is Middlebury Senior Housing Associates Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Middlebury Senior Housing Associates Inc covers tax period 202312. It shows revenue of $824,420, expenses of $988,959, total assets of $1,189,279, and liabilities of $6,132,400.
How much does Middlebury Senior Housing Associates Inc spend on programs vs administration?
Based on IRS 990 analysis, Middlebury Senior Housing Associates Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Middlebury Senior Housing Associates Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Middlebury Senior Housing Associates Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Middlebury Senior Housing Associates Inc?
The following concerns were identified: Consistent operating deficits: Expenses have exceeded revenue every year from 2016 to 2023, with a deficit of $164,539 in 2023 ($988,959 expenses vs. $824,420 revenue).. Declining assets: Total assets have steadily decreased from $2,439,444 in 2016 to $1,189,279 in 2023.. Significant long-term liabilities: Liabilities consistently exceed $6 million, significantly higher than total assets, raising concerns about solvency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Middlebury Senior Housing Associates Inc's strengths?
Positive indicators for Middlebury Senior Housing Associates Inc include: Consistent revenue generation: Despite deficits, the organization has maintained a relatively stable revenue stream over the years, ranging from $653,474 in 2016 to $824,420 in 2023.. Low administrative and fundraising overhead (implied): The 0% compensation suggests a highly efficient or volunteer-driven operational model, potentially maximizing funds for programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Middlebury Senior Housing Associates Inc compensate executives?
Executive compensation is reported as $0 across all filings, suggesting a volunteer-led organization or that compensation is handled by an external management company not reflected in these specific filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operating deficits and declining assets, what is the long-term financial strategy to ensure the sustainability of Middlebury Senior Housing Associates Inc?
The provided data does not detail a specific financial strategy to address the ongoing deficits and asset decline. This would require further investigation into their operational plans, funding sources, and potential capital campaigns.
How does the organization manage its significant long-term liabilities, which consistently exceed its total assets?
The consistent reporting of liabilities over $6 million against declining assets suggests a complex financial structure, possibly involving long-term debt secured by property or other arrangements not fully elucidated by the provided summary data. A detailed balance sheet and debt schedule would be necessary to understand this.
Filing History
IRS 990 filing history for Middlebury Senior Housing Associates Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Middlebury Senior Housing Associates Inc's revenue has grown by 37.4%, moving from $600K to $824K. Total assets decreased by 64.5% over the same period, from $3.4M to $1.2M. Total functional expenses rose by 30.5%, from $758K to $989K. In its most recent filing year (2023), Middlebury Senior Housing Associates Inc reported a deficit of $165K, with expenses exceeding revenue. The organization holds $6.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 515.6%), resulting in net assets of $-4,943,121.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $824K | $989K | $1.2M | $6.1M | — | — |
| 2022 | $789K | $938K | $1.4M | $6.1M | — | — |
| 2021 | $762K | $914K | $1.5M | $6.1M | — | View 990 |
| 2020 | $728K | $906K | $1.7M | $77K | — | View 990 |
| 2019 | $725K | $911K | $1.9M | $6.2M | — | View 990 |
| 2018 | $701K | $891K | $2.0M | $6.2M | — | View 990 |
| 2017 | $700K | $870K | $2.2M | $6.2M | — | View 990 |
| 2016 | $653K | $866K | $2.4M | $6.2M | — | View 990 |
| 2015 | $663K | $829K | $2.6M | $6.2M | — | View 990 |
| 2014 | $653K | $877K | $2.8M | $6.2M | — | View 990 |
| 2013 | $652K | $833K | $3.0M | $6.2M | — | View 990 |
| 2012 | $632K | $782K | $3.2M | $6.2M | — | View 990 |
| 2011 | $600K | $758K | $3.4M | $6.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $824K, expenses of $989K, and assets of $1.2M (revenue +4.5% year-over-year).
- 2022: Revenue of $789K, expenses of $938K, and assets of $1.4M (revenue +3.5% year-over-year).
- 2021: Revenue of $762K, expenses of $914K, and assets of $1.5M (revenue +4.7% year-over-year).
- 2020: Revenue of $728K, expenses of $906K, and assets of $1.7M (revenue +0.4% year-over-year).
- 2019: Revenue of $725K, expenses of $911K, and assets of $1.9M (revenue +3.5% year-over-year).
- 2018: Revenue of $701K, expenses of $891K, and assets of $2.0M (revenue +0.2% year-over-year).
- 2017: Revenue of $700K, expenses of $870K, and assets of $2.2M (revenue +7.1% year-over-year).
- 2016: Revenue of $653K, expenses of $866K, and assets of $2.4M (revenue -1.5% year-over-year).
- 2015: Revenue of $663K, expenses of $829K, and assets of $2.6M (revenue +1.5% year-over-year).
- 2014: Revenue of $653K, expenses of $877K, and assets of $2.8M (revenue +0.2% year-over-year).
- 2013: Revenue of $652K, expenses of $833K, and assets of $3.0M (revenue +3.3% year-over-year).
- 2012: Revenue of $632K, expenses of $782K, and assets of $3.2M (revenue +5.3% year-over-year).
- 2011: Revenue of $600K, expenses of $758K, and assets of $3.4M.
Data Sources and Methodology
This transparency report for Middlebury Senior Housing Associates 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.