Montclair Senior Housing Corporation
Montclair Senior Housing Corporation: Stable Operations, High Liabilities
EIN: 222357795 · Montclair, NJ · NTEE: L22Z · Updated: 2026-04-04
About Montclair Senior Housing Corporation
Montclair Senior Housing Corporation (EIN: 222357795) is a nonprofit organization based in Montclair, NJ, classified under NTEE code L22Z. The organization reported total revenue of $2.8M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montclair Senior Housing Corporation'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 Montclair 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, Montclair 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.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $2 million in annual revenue and suggests potential reporting gaps or an entirely volunteer-run 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 Montclair Senior Housing Corporation's IRS 990 filings:
- Consistent reporting of $0 executive compensation despite significant revenue and assets.
- Liabilities consistently exceed assets (e.g., 2023: assets $4,586,728 vs. liabilities $4,503,173; 2022: assets $4,350,674 vs. liabilities $4,625,279), indicating potential financial strain.
- The organization's net assets are consistently reported as $0 or negative, which is a significant concern for long-term viability.
Strengths
The following positive indicators were identified for Montclair Senior Housing Corporation:
- Stable revenue generation over multiple years, consistently above $2 million.
- Consistent operational expenses, suggesting predictable service delivery.
- Long operational history with consistent filing of financial data.
Frequently Asked Questions about Montclair Senior Housing Corporation
What does Montclair Senior Housing Corporation do?
Montclair Senior Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in Montclair, New Jersey. It is classified under NTEE code L22Z.
How much revenue does Montclair Senior Housing Corporation have?
Montclair Senior Housing Corporation reported total revenue of $2,809,430. Based on 13 IRS 990 filings on record.
What are Montclair Senior Housing Corporation's total assets?
Montclair Senior Housing Corporation holds total assets of $5,076,549 as reported in IRS 990 filings.
Where is Montclair Senior Housing Corporation located?
Montclair Senior Housing Corporation is based in Montclair, New Jersey.
What is Montclair Senior Housing Corporation's EIN?
Montclair Senior Housing Corporation's Employer Identification Number (EIN) is 222357795. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Montclair Senior Housing Corporation?
Montclair Senior Housing Corporation is classified under NTEE code L22Z (Housing & Shelter).
Is Montclair Senior Housing Corporation a registered 501(c)(3)?
Yes, Montclair Senior Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222357795.
Does Montclair Senior Housing Corporation file IRS Form 990?
Yes, Montclair Senior Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Montclair Senior Housing Corporation's revenue in 2023?
In the 202312 filing period, Montclair Senior Housing Corporation reported total revenue of $2,199,392, total expenses of $1,841,232, and net assets of $4,586,728.
Is Montclair Senior Housing Corporation's revenue growing or declining?
Montclair Senior Housing Corporation's revenue is relatively stable. Revenue went from $2,096,608 (202212) to $2,199,392 (202312), a +4.9% change. Based on 13 filings on record.
What is Montclair Senior Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Montclair Senior Housing Corporation covers tax period 202312. It shows revenue of $2,199,392, expenses of $1,841,232, total assets of $4,586,728, and liabilities of $4,503,173.
How much does Montclair Senior Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Montclair 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 Montclair Senior Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Montclair Senior Housing Corporation appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Montclair Senior Housing Corporation?
The following concerns were identified: Consistent reporting of $0 executive compensation despite significant revenue and assets.. Liabilities consistently exceed assets (e.g., 2023: assets $4,586,728 vs. liabilities $4,503,173; 2022: assets $4,350,674 vs. liabilities $4,625,279), indicating potential financial strain.. The organization's net assets are consistently reported as $0 or negative, which is a significant concern for long-term viability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Montclair Senior Housing Corporation's strengths?
Positive indicators for Montclair Senior Housing Corporation include: Stable revenue generation over multiple years, consistently above $2 million.. Consistent operational expenses, suggesting predictable service delivery.. Long operational history with consistent filing of financial data.. These findings are derived from AI analysis of the organization's financial filings.
How does Montclair Senior Housing Corporation compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $2 million in annual revenue and suggests potential reporting gaps or an entirely volunteer-run leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization manage its leadership and operational oversight, and what is the actual cost of these functions?
The consistent $0 executive compensation suggests either an entirely volunteer-led organization with no paid staff in leadership roles, or that compensation is being reported under different categories, which would require deeper investigation into their detailed expense breakdowns.
With liabilities consistently exceeding assets and net assets at or below zero, what is the organization's strategy for achieving financial stability and building reserves?
The financial data indicates a precarious balance where liabilities often outweigh assets. Without positive net assets, the organization lacks a financial cushion for unexpected events or future investments, suggesting a need for a robust financial sustainability plan.
Filing History
IRS 990 filing history for Montclair Senior Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Montclair Senior Housing Corporation's revenue has grown by 37%, moving from $1.6M to $2.2M. Total assets increased by 10.1% over the same period, from $4.2M to $4.6M. Total functional expenses rose by 16.7%, from $1.6M to $1.8M. In its most recent filing year (2023), Montclair Senior Housing Corporation reported a surplus of $358K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $4.6M in assets (debt-to-asset ratio: 98.2%), resulting in net assets of $84K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.8M | $4.6M | $4.5M | — | — |
| 2022 | $2.1M | $1.8M | $4.4M | $4.6M | — | — |
| 2021 | $2.0M | $1.8M | $4.5M | $5.0M | — | View 990 |
| 2020 | $2.1M | $2.0M | $4.3M | $5.0M | — | — |
| 2019 | $2.1M | $1.6M | $4.1M | $4.9M | — | View 990 |
| 2018 | $1.7M | $1.6M | $3.7M | $5.0M | — | View 990 |
| 2017 | $1.7M | $1.6M | $3.7M | $5.1M | — | — |
| 2016 | $1.7M | $1.7M | $3.7M | $5.2M | — | View 990 |
| 2015 | $1.7M | $1.7M | $3.8M | $5.4M | — | View 990 |
| 2014 | $1.7M | $1.6M | $4.2M | $5.7M | — | View 990 |
| 2013 | $1.6M | $1.6M | $4.0M | $5.6M | — | View 990 |
| 2012 | $1.6M | $1.6M | $4.1M | $5.7M | — | View 990 |
| 2011 | $1.6M | $1.6M | $4.2M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.8M, and assets of $4.6M (revenue +4.9% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $4.4M (revenue +3.6% year-over-year).
- 2021: Revenue of $2.0M, expenses of $1.8M, and assets of $4.5M (revenue -1.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.0M, and assets of $4.3M (revenue -1.7% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.6M, and assets of $4.1M (revenue +19.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $3.7M (revenue +1.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $3.7M (revenue -1.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $3.7M (revenue +4.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $3.8M (revenue -1.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $4.2M (revenue +5.2% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $4.0M (revenue -1.0% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $4.1M (revenue +1.6% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $4.2M.
Data Sources and Methodology
This transparency report for Montclair 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.