Mount Ephraim Senior Housing Initiative Inc
Mount Ephraim Senior Housing Initiative consistently operates at a deficit, drawing down assets while maintaining zero executive compensation.
EIN: 10554061 · Collingswood, NJ · NTEE: L22 · Updated: 2026-03-26
Is Mount Ephraim Senior Housing Initiative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mount Ephraim Senior Housing Initiative Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mount Ephraim Senior Housing Initiative Inc
Mount Ephraim Senior Housing Initiative Inc (EIN: 10554061) is a nonprofit organization based in Collingswood, NJ, classified under NTEE code L22. The organization reported total revenue of $652K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Ephraim Senior Housing Initiative 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 Mount Ephraim Senior Housing Initiative Inc 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, Mount Ephraim Senior Housing Initiative 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 consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for a nonprofit of its size with assets over $4 million.
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 Mount Ephraim Senior Housing Initiative Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue in all reported periods)
- Gradual decline in total assets over the past decade
- High liabilities relative to annual revenue
Strengths
The following positive indicators were identified for Mount Ephraim Senior Housing Initiative Inc:
- Zero executive compensation reported across all filings, indicating strong financial stewardship
- Long operational history with 13 IRS 990 filings, suggesting stability and experience
- Focus on a clear mission (senior housing) as indicated by NTEE code L22
Frequently Asked Questions about Mount Ephraim Senior Housing Initiative Inc
Is Mount Ephraim Senior Housing Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Ephraim Senior Housing Initiative Inc (EIN: 10554061) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Mount Ephraim Senior Housing Initiative Inc spend its money?
Mount Ephraim Senior Housing Initiative Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mount Ephraim Senior Housing Initiative Inc tax-deductible?
Mount Ephraim Senior Housing Initiative Inc is registered as a tax-exempt nonprofit (EIN: 10554061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mount Ephraim Senior Housing Initiative Inc cover its consistent operational deficits?
The organization consistently spends more than it earns, as seen in 202306 where expenses ($782,180) exceeded revenue ($635,024). This deficit is likely covered by drawing down its existing assets, which have decreased from $5,515,138 in 201406 to $4,121,098 in 202306.
What is the nature of the organization's significant liabilities?
The organization consistently reports liabilities around $7 million (e.g., $7,066,105 in 202306). Given its NTEE code for senior housing, these liabilities likely represent mortgages or other debt associated with its housing properties.
Is the current financial model sustainable in the long term?
The continuous trend of expenses exceeding revenue and the gradual decline in assets suggest that the current financial model may not be sustainable indefinitely without new revenue streams or cost reductions, despite the substantial asset base.
Filing History
IRS 990 filing history for Mount Ephraim Senior Housing Initiative Inc showing financial trends over 13 years of public records:
Total assets decreased by 32.7% over the same period, from $6.1M to $4.1M. In its most recent filing year (2023), Mount Ephraim Senior Housing Initiative Inc reported a deficit of $147K, with expenses exceeding revenue. The organization holds $7.1M in liabilities against $4.1M in assets (debt-to-asset ratio: 171.5%), resulting in net assets of $-2,945,007.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $635K | $782K | $4.1M | $7.1M | — | View 990 |
| 2022 | $635K | $787K | $4.2M | $7.0M | — | View 990 |
| 2021 | $623K | $792K | $4.3M | $7.0M | — | — |
| 2020 | $597K | $784K | $4.5M | $7.0M | — | View 990 |
| 2019 | $595K | $744K | $4.7M | $7.0M | — | View 990 |
| 2018 | $579K | $802K | $4.8M | $7.0M | — | — |
| 2017 | $570K | $761K | $5.1M | $7.0M | — | View 990 |
| 2016 | $562K | $708K | $5.2M | $7.0M | — | View 990 |
| 2015 | $557K | $706K | $5.4M | $7.0M | — | View 990 |
| 2014 | $551K | $702K | $5.5M | $6.9M | — | View 990 |
| 2013 | $-152,359 | $0 | $5.7M | $6.9M | — | View 990 |
| 2012 | $-176,026 | $0 | $5.8M | $6.9M | — | View 990 |
| 2010 | $-117,229 | $0 | $6.1M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $635K, expenses of $782K, and assets of $4.1M (revenue +-0.0% year-over-year).
- 2022: Revenue of $635K, expenses of $787K, and assets of $4.2M (revenue +1.9% year-over-year).
- 2021: Revenue of $623K, expenses of $792K, and assets of $4.3M (revenue +4.4% year-over-year).
- 2020: Revenue of $597K, expenses of $784K, and assets of $4.5M (revenue +0.3% year-over-year).
- 2019: Revenue of $595K, expenses of $744K, and assets of $4.7M (revenue +2.8% year-over-year).
- 2018: Revenue of $579K, expenses of $802K, and assets of $4.8M (revenue +1.7% year-over-year).
- 2017: Revenue of $570K, expenses of $761K, and assets of $5.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $562K, expenses of $708K, and assets of $5.2M (revenue +1.0% year-over-year).
- 2015: Revenue of $557K, expenses of $706K, and assets of $5.4M (revenue +1.0% year-over-year).
- 2014: Revenue of $551K, expenses of $702K, and assets of $5.5M.
- 2013: Revenue of $-152,359, expenses of $0, and assets of $5.7M.
- 2012: Revenue of $-176,026, expenses of $0, and assets of $5.8M.
- 2010: Revenue of $-117,229, expenses of $0, and assets of $6.1M.
Data Sources and Methodology
This transparency report for Mount Ephraim Senior Housing Initiative 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.