Mt Hope Nazarene Retirement Community
Mt Hope Nazarene Retirement Community consistently generates surpluses with no reported executive compensation.
EIN: 205034032 · Manheim, PA · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.5M |
| Total Expenses | $6.0M |
| Program Spending | 90% |
| Net Assets | $1.5M |
| Transparency Score | 92/100 |
Is Mt Hope Nazarene Retirement Community Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mt Hope Nazarene Retirement Community directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mt Hope Nazarene Retirement Community
Mt Hope Nazarene Retirement Community (EIN: 205034032) is a nonprofit organization based in Manheim, PA, classified under NTEE code L22. The organization reported total revenue of $6.5M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Hope Nazarene Retirement Community's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Hope Nazarene Retirement Community is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.2M |
| Total Expenses | $6.0M |
| Surplus / Deficit | +$239K |
| Total Assets | $3.6M |
| Total Liabilities | $2.0M |
| Net Assets | $1.5M |
| Operating Margin | 3.8% |
| Debt-to-Asset Ratio | 57.0% |
| Months of Reserves | 7.1 months |
Financial Health Grade: A
In 2023, Mt Hope Nazarene Retirement Community reported a surplus of $239K with revenue exceeding expenses, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 57.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mt Hope Nazarene Retirement Community's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +8.1% | +4.0% |
| 2022 | +4.2% | +1.7% | +5.0% |
| 2021 | -2.3% | +6.3% | -4.9% |
| 2020 | +5.4% | +3.3% | +22.1% |
| 2019 | +9.6% | +4.0% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Mt Hope Nazarene Retirement Community with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mt Hope Nazarene Retirement Community allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $239K, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees received compensation directly from the organization, which is highly unusual for an organization of this size and suggests either volunteer leadership or compensation being covered by a related entity.
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 Mt Hope Nazarene Retirement Community's IRS 990 filings:
- Zero reported officer compensation for an organization of this size could indicate compensation is paid by a related entity or that leadership is entirely volunteer, which warrants further investigation for complete transparency.
Strengths
The following positive indicators were identified for Mt Hope Nazarene Retirement Community:
- Consistent annual surpluses, demonstrating strong financial management and sustainability (e.g., $238,703 surplus in 2023).
- Significant growth in net assets over the past decade, from a net deficit in 2014 to over $1.5 million in net assets in 2023.
- No reported officer compensation, suggesting a high dedication of resources directly to the mission.
- Steady revenue growth, indicating a stable and expanding operational base.
- Consistent filing of IRS Form 990s, reflecting good transparency practices.
Frequently Asked Questions about Mt Hope Nazarene Retirement Community
Is Mt Hope Nazarene Retirement Community a legitimate charity?
Based on AI analysis of IRS 990 filings, Mt Hope Nazarene Retirement Community (EIN: 205034032) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Mt Hope Nazarene Retirement Community spend its money?
Mt Hope Nazarene Retirement Community directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mt Hope Nazarene Retirement Community tax-deductible?
Mt Hope Nazarene Retirement Community is registered as a tax-exempt nonprofit (EIN: 205034032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mt Hope Nazarene Retirement Community's spending goes to programs?
Mt Hope Nazarene Retirement Community directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mt Hope Nazarene Retirement Community compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mt Hope Nazarene Retirement Community is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mt Hope Nazarene Retirement Community located?
Mt Hope Nazarene Retirement Community is headquartered in Manheim, Pennsylvania and files with the IRS under EIN 205034032. It is classified under NTEE code L22.
How many years of IRS 990 filings does Mt Hope Nazarene Retirement Community have?
Mt Hope Nazarene Retirement Community 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 $6.5M in total revenue.
Is Mt Hope Nazarene Retirement Community a good charity?
Based on the financial data, Mt Hope Nazarene Retirement Community appears to be a very good charity. They consistently operate with a surplus, have growing assets, and report no officer compensation, suggesting a strong dedication to their mission and efficient use of funds.
How has the organization's financial stability changed over time?
The organization's financial stability has improved consistently over time. Net assets have grown from a deficit position in 2014 (Assets $1,876,923 vs Liabilities $2,032,610) to a healthy surplus of $1,527,072 in 2023 (Assets $3,550,005 vs Liabilities $2,022,933), indicating strong financial management and growth.
What is the trend in their revenue and expenses?
Both revenue and expenses have shown a steady upward trend over the past decade. Revenue increased from $4,375,107 in 2014 to $6,241,664 in 2023, while expenses rose from $4,326,342 to $6,002,961 in the same period. Crucially, revenue has consistently outpaced expenses, leading to annual surpluses.
Filing History
IRS 990 filing history for Mt Hope Nazarene Retirement Community showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mt Hope Nazarene Retirement Community's revenue has grown by 54.4%, moving from $4.0M to $6.2M. Total assets increased by 75.1% over the same period, from $2.0M to $3.6M. Total functional expenses rose by 45.7%, from $4.1M to $6.0M. In its most recent filing year (2023), Mt Hope Nazarene Retirement Community reported a surplus of $239K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $3.6M in assets (debt-to-asset ratio: 57.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.2M | $6.0M | $3.6M | $2.0M | — | — |
| 2022 | $5.8M | $5.6M | $3.4M | $2.1M | — | View 990 |
| 2021 | $5.6M | $5.5M | $3.2M | $2.2M | — | — |
| 2020 | $5.7M | $5.1M | $3.4M | $2.5M | — | View 990 |
| 2019 | $5.4M | $5.0M | $2.8M | $2.4M | — | View 990 |
| 2018 | $4.9M | $4.8M | $2.4M | $2.4M | — | View 990 |
| 2017 | $4.5M | $4.8M | $2.6M | $2.8M | — | View 990 |
| 2016 | $4.7M | $4.7M | $2.6M | $2.6M | — | View 990 |
| 2015 | $4.8M | $4.5M | $2.6M | $2.5M | — | View 990 |
| 2014 | $4.4M | $4.3M | $1.9M | $2.0M | — | View 990 |
| 2013 | $4.2M | $4.3M | $1.8M | $2.0M | — | View 990 |
| 2012 | $4.3M | $4.3M | $2.0M | $2.1M | — | View 990 |
| 2011 | $4.0M | $4.1M | $2.0M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.2M, expenses of $6.0M, and assets of $3.6M (revenue +7.8% year-over-year).
- 2022: Revenue of $5.8M, expenses of $5.6M, and assets of $3.4M (revenue +4.2% year-over-year).
- 2021: Revenue of $5.6M, expenses of $5.5M, and assets of $3.2M (revenue -2.3% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.1M, and assets of $3.4M (revenue +5.4% year-over-year).
- 2019: Revenue of $5.4M, expenses of $5.0M, and assets of $2.8M (revenue +9.6% year-over-year).
- 2018: Revenue of $4.9M, expenses of $4.8M, and assets of $2.4M (revenue +9.0% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.8M, and assets of $2.6M (revenue -3.2% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.7M, and assets of $2.6M (revenue -2.5% year-over-year).
- 2015: Revenue of $4.8M, expenses of $4.5M, and assets of $2.6M (revenue +9.5% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.3M, and assets of $1.9M (revenue +5.3% year-over-year).
- 2013: Revenue of $4.2M, expenses of $4.3M, and assets of $1.8M (revenue -3.3% year-over-year).
- 2012: Revenue of $4.3M, expenses of $4.3M, and assets of $2.0M (revenue +6.4% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.1M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Hope Nazarene Retirement Community:
Data Sources and Methodology
This transparency report for Mt Hope Nazarene Retirement Community 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.