North Vernon Senior Housing Corporation
EIN: 310916471 · North Vernon, IN
| Metric | Value |
|---|---|
| Total Revenue | $379K |
| Total Expenses | $356K |
| Net Assets | $243K |
Is North Vernon 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 North Vernon Senior Housing Corporation
North Vernon Senior Housing Corporation (EIN: 310916471) is a nonprofit organization based in North Vernon, IN. The organization reported total revenue of $379K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Vernon Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Vernon Senior Housing Corporation is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $378K |
| Total Expenses | $356K |
| Surplus / Deficit | +$23K |
| Total Assets | $1.2M |
| Total Liabilities | $946K |
| Net Assets | $243K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 79.6% |
| Months of Reserves | 40.1 months |
Financial Health Grade: A
In 2023, North Vernon Senior Housing Corporation reported a surplus of $23K with revenue exceeding expenses, holds 40.1 months of operating reserves (strong position), has a debt-to-asset ratio of 79.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Vernon Senior Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -1.9% | -4.2% |
| 2022 | +0.8% | +3.8% | -3.9% |
| 2021 | +0.3% | -2.2% | -2.6% |
| 2020 | +6.6% | -11.8% | -2.7% |
| 2019 | +3.1% | -3.9% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for North Vernon 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 North Vernon 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.6%.
Frequently Asked Questions about North Vernon Senior Housing Corporation
Is North Vernon Senior Housing Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, North Vernon Senior Housing Corporation (EIN: 310916471) insufficient data. 0 red flags identified, 0 strengths noted.
How does North Vernon Senior Housing Corporation spend its money?
Detailed spending breakdown data is not yet available for North Vernon Senior Housing Corporation. Check back for updated IRS 990 analysis.
Are donations to North Vernon Senior Housing Corporation tax-deductible?
North Vernon Senior Housing Corporation is registered as a tax-exempt nonprofit (EIN: 310916471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is North Vernon Senior Housing Corporation located?
North Vernon Senior Housing Corporation is headquartered in North Vernon, Indiana and files with the IRS under EIN 310916471.
How many years of IRS 990 filings does North Vernon Senior Housing Corporation have?
North Vernon Senior Housing Corporation 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 $379K in total revenue.
Filing History
IRS 990 filing history for North Vernon Senior Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Vernon Senior Housing Corporation's revenue has grown by 10.1%, moving from $344K to $378K. Total assets decreased by 47.9% over the same period, from $2.3M to $1.2M. Total functional expenses fell by 12.8%, from $408K to $356K. In its most recent filing year (2023), North Vernon Senior Housing Corporation reported a surplus of $23K, with revenue exceeding expenses. The organization holds $946K in liabilities against $1.2M in assets (debt-to-asset ratio: 79.6%), resulting in net assets of $243K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $378K | $356K | $1.2M | $946K | — | — |
| 2022 | $381K | $363K | $1.2M | $1.0M | — | View 990 |
| 2021 | $378K | $350K | $1.3M | $1.1M | — | View 990 |
| 2020 | $377K | $358K | $1.3M | $1.2M | — | View 990 |
| 2019 | $354K | $405K | $1.4M | $1.2M | — | — |
| 2018 | $343K | $422K | $1.5M | $1.3M | — | View 990 |
| 2017 | $336K | $423K | $1.6M | $1.3M | — | View 990 |
| 2016 | $337K | $402K | $1.7M | $1.3M | — | View 990 |
| 2015 | $337K | $421K | $1.8M | $1.4M | — | View 990 |
| 2014 | $342K | $417K | $2.0M | $1.4M | — | View 990 |
| 2013 | $344K | $428K | $2.1M | $1.5M | — | View 990 |
| 2012 | $345K | $406K | $2.2M | $1.5M | — | View 990 |
| 2011 | $344K | $408K | $2.3M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $378K, expenses of $356K, and assets of $1.2M (revenue -0.7% year-over-year).
- 2022: Revenue of $381K, expenses of $363K, and assets of $1.2M (revenue +0.8% year-over-year).
- 2021: Revenue of $378K, expenses of $350K, and assets of $1.3M (revenue +0.3% year-over-year).
- 2020: Revenue of $377K, expenses of $358K, and assets of $1.3M (revenue +6.6% year-over-year).
- 2019: Revenue of $354K, expenses of $405K, and assets of $1.4M (revenue +3.1% year-over-year).
- 2018: Revenue of $343K, expenses of $422K, and assets of $1.5M (revenue +1.9% year-over-year).
- 2017: Revenue of $336K, expenses of $423K, and assets of $1.6M (revenue -0.2% year-over-year).
- 2016: Revenue of $337K, expenses of $402K, and assets of $1.7M (revenue +0.1% year-over-year).
- 2015: Revenue of $337K, expenses of $421K, and assets of $1.8M (revenue -1.6% year-over-year).
- 2014: Revenue of $342K, expenses of $417K, and assets of $2.0M (revenue -0.4% year-over-year).
- 2013: Revenue of $344K, expenses of $428K, and assets of $2.1M (revenue -0.4% year-over-year).
- 2012: Revenue of $345K, expenses of $406K, and assets of $2.2M (revenue +0.4% year-over-year).
- 2011: Revenue of $344K, expenses of $408K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Vernon Senior Housing Corporation:
Data Sources and Methodology
This transparency report for North Vernon 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.