North Shore Hospital Apartments Inc
North Shore Hospital Apartments Inc. faces recent operational deficits despite stable revenue and asset base.
EIN: 112171903 · Westbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.0M |
| Transparency Score | 75/100 |
Is North Shore Hospital Apartments Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Shore Hospital Apartments Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Shore Hospital Apartments Inc
North Shore Hospital Apartments Inc (EIN: 112171903) is a nonprofit organization based in Westbury, NY. The organization reported total revenue of $2.0M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Shore Hospital Apartments Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Shore Hospital Apartments Inc is a mid-size nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-569,098 |
| Total Assets | $2.3M |
| Total Liabilities | $1.3M |
| Net Assets | $1.0M |
| Operating Margin | -31.7% |
| Debt-to-Asset Ratio | 55.9% |
| Months of Reserves | 11.5 months |
Financial Health Grade: C
In 2023, North Shore Hospital Apartments Inc reported a deficit of $569K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 55.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Shore Hospital Apartments Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.4% | -18.3% | -20.4% |
| 2022 | -3.1% | +39.6% | -10.4% |
| 2021 | +1.2% | -2.5% | -6.4% |
| 2020 | +5.1% | +4.4% | +1.9% |
| 2019 | +4.7% | +3.3% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
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 North Shore Hospital Apartments 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, North Shore Hospital Apartments 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 $569K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization with over $2 million in annual revenue and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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 North Shore Hospital Apartments Inc's IRS 990 filings:
- Consecutive years of significant operational deficits (e.g., $569,098 in 2023 and $772,881 in 2022).
- Declining assets from $3,409,121 in 2020 to $2,274,101 in 2023, potentially due to covering operational shortfalls.
Strengths
The following positive indicators were identified for North Shore Hospital Apartments Inc:
- Consistent revenue generation, generally above $1.7 million annually.
- Strong historical asset base, providing a buffer against short-term financial challenges.
- Reported 0% officer compensation across all filings, indicating a focus on minimizing executive overhead.
Frequently Asked Questions about North Shore Hospital Apartments Inc
Is North Shore Hospital Apartments Inc a legitimate charity?
North Shore Hospital Apartments Inc (EIN: 112171903) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.0M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does North Shore Hospital Apartments Inc spend its money?
North Shore Hospital Apartments Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Shore Hospital Apartments Inc tax-deductible?
North Shore Hospital Apartments Inc is registered as a tax-exempt nonprofit (EIN: 112171903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Shore Hospital Apartments Inc CEO make?
North Shore Hospital Apartments Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Shore Hospital Apartments Inc's spending goes to programs?
North Shore Hospital Apartments Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is North Shore Hospital Apartments Inc located?
North Shore Hospital Apartments Inc is headquartered in Westbury, New York and files with the IRS under EIN 112171903.
How many years of IRS 990 filings does North Shore Hospital Apartments Inc have?
North Shore Hospital Apartments Inc 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 $2.0M in total revenue.
Is North Shore Hospital Apartments Inc. financially stable given recent deficits?
While the organization has a solid asset base of $2,274,101 in 2023, the consecutive years of expenses exceeding revenue (e.g., a $569,098 deficit in 2023 and a $772,881 deficit in 2022) raise concerns about long-term financial stability if these trends continue without corrective action.
What is the primary cause of the recent operational deficits?
The provided data does not detail the specific categories of expenses, making it difficult to pinpoint the exact cause of the deficits. Further analysis of detailed expense breakdowns would be necessary to understand if it's due to increased program costs, administrative overhead, or other factors.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation, which can free up significant funds for programs but might also raise questions about the sustainability of leadership structure for an organization of this size.
Filing History
IRS 990 filing history for North Shore Hospital Apartments Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Shore Hospital Apartments Inc's revenue has grown by 5.9%, moving from $1.7M to $1.8M. Total assets decreased by 3.5% over the same period, from $2.4M to $2.3M. Total functional expenses rose by 46%, from $1.6M to $2.4M. In its most recent filing year (2023), North Shore Hospital Apartments Inc reported a deficit of $569K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $2.3M in assets (debt-to-asset ratio: 55.9%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.4M | $2.3M | $1.3M | — | — |
| 2022 | $2.1M | $2.9M | $2.9M | $1.3M | — | View 990 |
| 2021 | $2.2M | $2.1M | $3.2M | $847K | — | View 990 |
| 2020 | $2.2M | $2.1M | $3.4M | $1.2M | — | View 990 |
| 2019 | $2.1M | $2.0M | $3.3M | $1.2M | — | View 990 |
| 2018 | $2.0M | $2.0M | $3.3M | $1.1M | — | View 990 |
| 2017 | $1.9M | $1.8M | $2.8M | $640K | — | View 990 |
| 2016 | $1.9M | $1.8M | $2.7M | $565K | — | View 990 |
| 2015 | $1.8M | $1.6M | $2.6M | $609K | — | View 990 |
| 2014 | $1.8M | $1.8M | $2.4M | $569K | — | View 990 |
| 2013 | $1.8M | $1.8M | $2.3M | $504K | — | View 990 |
| 2012 | $1.7M | $1.7M | $2.4M | $524K | — | View 990 |
| 2011 | $1.7M | $1.6M | $2.4M | $497K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.4M, and assets of $2.3M (revenue -15.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.9M, and assets of $2.9M (revenue -3.1% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.1M, and assets of $3.2M (revenue +1.2% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.1M, and assets of $3.4M (revenue +5.1% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $3.3M (revenue +4.7% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.0M, and assets of $3.3M (revenue +5.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.8M, and assets of $2.8M (revenue +0.2% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $2.7M (revenue +4.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.6M, and assets of $2.6M (revenue +0.1% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $2.4M (revenue +0.7% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $2.3M (revenue +2.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $2.4M (revenue +1.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Shore Hospital Apartments Inc:
Data Sources and Methodology
This transparency report for North Shore Hospital Apartments 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.