Northwest Senior Housing Corporation

Northwest Senior Housing Corporation consistently operates at a deficit, drawing down assets to cover expenses.

EIN: 202203611 · Winsted, CT · NTEE: L20 · Updated: 2026-03-28

$318KRevenue

$2.7MAssets

65/100Mission Score (Good)

L20

About Northwest Senior Housing Corporation

Northwest Senior Housing Corporation (EIN: 202203611) is a nonprofit organization based in Winsted, CT, classified under NTEE code L20. The organization reported total revenue of $318K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northwest Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Northwest Senior Housing Corporation demonstrates consistent financial operations focused on providing senior housing. Over the past decade, the organization has consistently reported expenses exceeding revenue, leading to a gradual decline in assets from $3,585,373 in 2014 to $2,735,657 in 2023. This trend suggests that the organization is drawing down on its reserves to cover operational costs, which is a sustainability concern if not addressed. However, the liabilities remain relatively low, indicating responsible debt management.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. The consistent deficit spending, with expenses like $383,027 in 2023 against revenues of $256,706, indicates that the current revenue streams are insufficient to cover ongoing operations. The absence of reported officer compensation suggests a volunteer-driven leadership or that compensation falls below reporting thresholds, which can be a positive indicator of resource allocation towards mission-related activities.

Transparency appears to be adequate given the availability of 13 years of IRS 990 filings. The consistent reporting of zero officer compensation is a notable point for transparency regarding executive pay. However, a more detailed functional expense breakdown would enhance understanding of how funds are allocated across programs, administration, and fundraising, allowing for a more precise evaluation of spending efficiency and overall financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Northwest Senior Housing Corporation with a Mission Score of 65 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: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Northwest Senior Housing Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated below IRS reporting thresholds, which is a positive indicator for resource allocation.

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 Northwest Senior Housing Corporation's IRS 990 filings:

Consistent deficit spending over the past decade, with expenses exceeding revenue in every reported period.
Declining asset base, from $3,585,373 in 2014 to $2,735,657 in 2023, indicating reliance on reserves to cover operational shortfalls.

Strengths

The following positive indicators were identified for Northwest Senior Housing Corporation:

Low liabilities, consistently below $70,000, indicating responsible debt management.
Consistent reporting of 0% officer compensation, suggesting efficient use of funds for mission-related activities.
Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.

Frequently Asked Questions about Northwest Senior Housing Corporation

Is Northwest Senior Housing Corporation financially sustainable given its consistent deficit spending?

The organization has consistently spent more than it earned for at least the past decade, with expenses exceeding revenue by an average of approximately $90,000 annually. This trend has led to a decrease in assets from $3,585,373 in 2014 to $2,735,657 in 2023, raising concerns about long-term financial sustainability if revenue streams are not increased or expenses reduced.

How does the lack of officer compensation impact the organization?

The consistent reporting of 0% officer compensation suggests that the organization's leadership may be volunteer-based or compensated minimally. This can be a strength, indicating that more funds are directed towards programs, but it could also pose challenges in attracting and retaining professional leadership if the organization grows in complexity.

What is the primary source of the organization's revenue?

While the provided data shows total revenue, it does not specify the breakdown of revenue sources (e.g., program service revenue, contributions, investment income). Understanding these sources would be crucial to assess the stability and diversity of its funding.

Filing History

IRS 990 filing history for Northwest Senior Housing Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Northwest Senior Housing Corporation's revenue has grown by 25.3%, moving from $205K to $257K. Total assets decreased by 29.5% over the same period, from $3.9M to $2.7M. Total functional expenses rose by 32.4%, from $289K to $383K. In its most recent filing year (2023), Northwest Senior Housing Corporation reported a deficit of $126K, with expenses exceeding revenue. The organization holds $66K in liabilities against $2.7M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $2.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$257K	$383K	$2.7M	$66K	—	—
2022	$258K	$381K	$2.8M	$52K	—	View 990
2021	$257K	$364K	$3.0M	$35K	—	View 990
2020	$253K	$341K	$3.1M	$45K	—	—
2019	$256K	$345K	$3.1M	$16K	—	View 990
2018	$243K	$332K	$3.2M	$39K	—	View 990
2017	$248K	$331K	$3.3M	$42K	—	View 990
2016	$224K	$326K	$3.4M	$30K	—	View 990
2015	$239K	$323K	$3.5M	$28K	—	View 990
2014	$205K	$313K	$3.6M	$23K	—	View 990
2013	$205K	$296K	$3.7M	$17K	—	View 990
2012	$213K	$304K	$3.8M	$24K	—	View 990
2011	$205K	$289K	$3.9M	$27K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $257K, expenses of $383K, and assets of $2.7M (revenue -0.5% year-over-year).
2022: Revenue of $258K, expenses of $381K, and assets of $2.8M (revenue +0.4% year-over-year).
2021: Revenue of $257K, expenses of $364K, and assets of $3.0M (revenue +1.3% year-over-year).
2020: Revenue of $253K, expenses of $341K, and assets of $3.1M (revenue -0.8% year-over-year).
2019: Revenue of $256K, expenses of $345K, and assets of $3.1M (revenue +5.3% year-over-year).
2018: Revenue of $243K, expenses of $332K, and assets of $3.2M (revenue -2.2% year-over-year).
2017: Revenue of $248K, expenses of $331K, and assets of $3.3M (revenue +10.9% year-over-year).
2016: Revenue of $224K, expenses of $326K, and assets of $3.4M (revenue -6.3% year-over-year).
2015: Revenue of $239K, expenses of $323K, and assets of $3.5M (revenue +16.3% year-over-year).
2014: Revenue of $205K, expenses of $313K, and assets of $3.6M (revenue +-0.0% year-over-year).
2013: Revenue of $205K, expenses of $296K, and assets of $3.7M (revenue -3.6% year-over-year).
2012: Revenue of $213K, expenses of $304K, and assets of $3.8M (revenue +4.0% year-over-year).
2011: Revenue of $205K, expenses of $289K, and assets of $3.9M.

Data Sources and Methodology

This transparency report for Northwest 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.