Norfolk Senior Housing Corporation
EIN: 237203450 · Norfolk, CT
Is Norfolk Senior Housing Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norfolk Senior Housing Corporation
Norfolk Senior Housing Corporation (EIN: 237203450) is a nonprofit organization based in Norfolk, CT. The organization reported total revenue of $307K and total assets of $631K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norfolk Senior Housing Corporation is a small nonprofit that has been operating for 53 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $298K |
| Total Expenses | $338K |
| Surplus / Deficit | $-39,201 |
| Total Assets | $731K |
| Total Liabilities | $24K |
| Net Assets | $706K |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 26.0 months |
Financial Health Grade: B
In 2023, Norfolk Senior Housing Corporation reported a deficit of $39K with expenses exceeding revenue, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Norfolk Senior Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.1% | +0.5% | -6.5% |
| 2022 | +6.8% | +15.7% | -5.3% |
| 2021 | +0.7% | -0.6% | -3.1% |
| 2020 | +0.2% | +2.0% | -1.2% |
| 2019 | +14.3% | -4.8% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norfolk Senior Housing Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Norfolk Senior Housing Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Frequently Asked Questions about Norfolk Senior Housing Corporation
Is Norfolk Senior Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Norfolk Senior Housing Corporation (EIN: 237203450) insufficient data. 0 red flags identified, 0 strengths noted.
How does Norfolk Senior Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for Norfolk Senior Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to Norfolk Senior Housing Corporation tax-deductible?
Norfolk Senior Housing Corporation is registered as a tax-exempt nonprofit (EIN: 237203450). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Norfolk Senior Housing Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Norfolk Senior Housing Corporation's revenue has declined by 32.4%, moving from $442K to $298K. Total assets decreased by 40.3% over the same period, from $1.2M to $731K. Total functional expenses rose by 372.8%, from $71K to $338K. In its most recent filing year (2023), Norfolk Senior Housing Corporation reported a deficit of $39K, with expenses exceeding revenue. The organization holds $24K in liabilities against $731K in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $706K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $298K | $338K | $731K | $24K | — | — |
| 2022 | $302K | $336K | $782K | $37K | — | View 990 |
| 2021 | $282K | $290K | $825K | $47K | — | View 990 |
| 2020 | $280K | $292K | $852K | $65K | — | View 990 |
| 2019 | $280K | $286K | $862K | $63K | — | View 990 |
| 2018 | $245K | $301K | $887K | $82K | — | View 990 |
| 2017 | $233K | $261K | $967K | $100K | — | View 990 |
| 2016 | $245K | $278K | $1.0M | $116K | — | View 990 |
| 2015 | $226K | $240K | $1.1M | $113K | — | View 990 |
| 2014 | $212K | $261K | $1.1M | $131K | — | View 990 |
| 2013 | $25K | $77K | $1.1M | $138K | — | View 990 |
| 2012 | $81K | $76K | $1.2M | $136K | — | View 990 |
| 2011 | $108K | $87K | $1.2M | $186K | — | View 990 |
| 2010 | $442K | $71K | $1.2M | $204K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $298K, expenses of $338K, and assets of $731K (revenue -1.1% year-over-year).
- 2022: Revenue of $302K, expenses of $336K, and assets of $782K (revenue +6.8% year-over-year).
- 2021: Revenue of $282K, expenses of $290K, and assets of $825K (revenue +0.7% year-over-year).
- 2020: Revenue of $280K, expenses of $292K, and assets of $852K (revenue +0.2% year-over-year).
- 2019: Revenue of $280K, expenses of $286K, and assets of $862K (revenue +14.3% year-over-year).
- 2018: Revenue of $245K, expenses of $301K, and assets of $887K (revenue +4.8% year-over-year).
- 2017: Revenue of $233K, expenses of $261K, and assets of $967K (revenue -4.9% year-over-year).
- 2016: Revenue of $245K, expenses of $278K, and assets of $1.0M (revenue +8.7% year-over-year).
- 2015: Revenue of $226K, expenses of $240K, and assets of $1.1M (revenue +6.6% year-over-year).
- 2014: Revenue of $212K, expenses of $261K, and assets of $1.1M (revenue +757.1% year-over-year).
- 2013: Revenue of $25K, expenses of $77K, and assets of $1.1M (revenue -69.5% year-over-year).
- 2012: Revenue of $81K, expenses of $76K, and assets of $1.2M (revenue -24.8% year-over-year).
- 2011: Revenue of $108K, expenses of $87K, and assets of $1.2M (revenue -75.6% year-over-year).
- 2010: Revenue of $442K, expenses of $71K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norfolk Senior Housing Corporation:
Data Sources and Methodology
This transparency report for Norfolk 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.