Middlebury Senior Housing Associates Inc

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Middlebury Senior Housing Associates Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Middlebury Senior Housing Associates Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Middlebury Senior Housing Associates Inc in one place.

Is Middlebury Senior Housing Associates Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Request a concise report for Middlebury Senior Housing Associates Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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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.

Organization Overview

Middlebury Senior Housing Associates Inc is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Middlebury Senior Housing Associates Inc reported a deficit of $165K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 515.6% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Middlebury Senior Housing Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $165K, with expenses exceeding revenue.
• Debt-to-asset ratio: 515.6%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Middlebury Senior Housing Associates Inc:

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.