Palos Park Senior Housing Nfp
Palos Park Senior Housing Nfp consistently operates at a deficit, drawing down assets over time.
EIN: 208032139 · Chicago, IL · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $9.4M |
| Transparency Score | 70/100 |
Is Palos Park Senior Housing Nfp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Palos Park Senior Housing Nfp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Palos Park Senior Housing Nfp
Palos Park Senior Housing Nfp (EIN: 208032139) is a nonprofit organization based in Chicago, IL. The organization reported total revenue of $1.1M and total assets of $9.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palos Park Senior Housing Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Palos Park Senior Housing Nfp is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-203,641 |
| Total Assets | $9.7M |
| Total Liabilities | $351K |
| Net Assets | $9.4M |
| Operating Margin | -19.4% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 93.2 months |
Financial Health Grade: B
In 2024, Palos Park Senior Housing Nfp reported a deficit of $204K with expenses exceeding revenue, holds 93.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Palos Park Senior Housing Nfp's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.1% | +6.5% | -1.1% |
| 2023 | +5.1% | -4.1% | -7.0% |
| 2022 | -1.3% | +4.8% | +3.7% |
| 2021 | +4.8% | +3.8% | -1.5% |
| 2020 | -1.6% | +5.7% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Palos Park Senior Housing Nfp with a Mission Score of 70 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, Palos Park Senior Housing Nfp 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $204K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers. This is a strong positive for financial efficiency and suggests a volunteer-led or very lean leadership structure, especially for an organization with assets nearing $10 million.
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 Palos Park Senior Housing Nfp's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in all reported periods)
- Declining asset base over the past decade (from $11.1M in 2015 to $9.7M in 2024)
- Liabilities fluctuate significantly, with a notable increase in 2024 to $351,118 from $252,033 in 2023
Strengths
The following positive indicators were identified for Palos Park Senior Housing Nfp:
- No reported officer compensation, indicating high efficiency in leadership costs
- Substantial asset base ($9.7 million in 2024) provides a buffer despite deficits
- Consistent revenue generation of approximately $1 million annually
Frequently Asked Questions about Palos Park Senior Housing Nfp
Is Palos Park Senior Housing Nfp a legitimate charity?
Palos Park Senior Housing Nfp (EIN: 208032139) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Palos Park Senior Housing Nfp spend its money?
Palos Park Senior Housing Nfp directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Palos Park Senior Housing Nfp tax-deductible?
Palos Park Senior Housing Nfp is registered as a tax-exempt nonprofit (EIN: 208032139). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Palos Park Senior Housing Nfp CEO make?
Palos Park Senior Housing Nfp's highest-compensated officer earns $10 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Palos Park Senior Housing Nfp's spending goes to programs?
Palos Park Senior Housing Nfp directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Palos Park Senior Housing Nfp located?
Palos Park Senior Housing Nfp is headquartered in Chicago, Illinois and files with the IRS under EIN 208032139.
How many years of IRS 990 filings does Palos Park Senior Housing Nfp have?
Palos Park Senior Housing Nfp 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 $1.1M in total revenue.
Is Palos Park Senior Housing Nfp financially sustainable given its consistent deficits?
The organization has consistently reported expenses exceeding revenue, with deficits ranging from approximately $40,000 to over $200,000 annually. While it has substantial assets ($9,732,130 in 2024), these assets have been declining over time, suggesting that the deficits are being covered by drawing down reserves. This trend is not sustainable in the long term without a change in revenue generation or expense management.
What is the primary source of revenue for Palos Park Senior Housing Nfp?
Based on the provided data, the specific revenue sources are not detailed. However, given its mission as 'Senior Housing Nfp', it is likely that revenue primarily comes from resident fees, government subsidies, or grants related to senior housing, which consistently hover around $1 million annually.
How does the lack of officer compensation impact the organization?
The 0% officer compensation is a significant positive, indicating that leadership is either volunteer-based or compensated through other means not classified as officer compensation. This reduces administrative overhead and ensures more funds are available for programs or asset preservation, contributing to higher spending efficiency.
Filing History
IRS 990 filing history for Palos Park Senior Housing Nfp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Palos Park Senior Housing Nfp's revenue has grown by 23%, moving from $853K to $1.0M. Total assets decreased by 17.1% over the same period, from $11.7M to $9.7M. Total functional expenses rose by 19.4%, from $1.0M to $1.3M. In its most recent filing year (2024), Palos Park Senior Housing Nfp reported a deficit of $204K, with expenses exceeding revenue. The organization holds $351K in liabilities against $9.7M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $9.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.0M | $1.3M | $9.7M | $351K | — | View 990 |
| 2023 | $1.0M | $1.2M | $9.8M | $252K | — | View 990 |
| 2022 | $989K | $1.2M | $10.6M | $858K | — | View 990 |
| 2021 | $1.0M | $1.2M | $10.2M | $238K | — | View 990 |
| 2020 | $956K | $1.1M | $10.4M | $219K | — | View 990 |
| 2019 | $972K | $1.1M | $10.5M | $205K | — | View 990 |
| 2018 | $985K | $1.1M | $10.6M | $230K | — | View 990 |
| 2017 | $982K | $1.0M | $10.8M | $318K | — | View 990 |
| 2016 | $975K | $993K | $11.0M | $470K | — | View 990 |
| 2015 | $932K | $1.1M | $11.2M | $622K | — | View 990 |
| 2014 | $874K | $1.2M | $11.4M | $631K | — | View 990 |
| 2013 | $851K | $1.1M | $11.5M | $517K | — | View 990 |
| 2012 | $853K | $1.0M | $11.7M | $473K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.0M, expenses of $1.3M, and assets of $9.7M (revenue +1.1% year-over-year).
- 2023: Revenue of $1.0M, expenses of $1.2M, and assets of $9.8M (revenue +5.1% year-over-year).
- 2022: Revenue of $989K, expenses of $1.2M, and assets of $10.6M (revenue -1.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.2M, and assets of $10.2M (revenue +4.8% year-over-year).
- 2020: Revenue of $956K, expenses of $1.1M, and assets of $10.4M (revenue -1.6% year-over-year).
- 2019: Revenue of $972K, expenses of $1.1M, and assets of $10.5M (revenue -1.3% year-over-year).
- 2018: Revenue of $985K, expenses of $1.1M, and assets of $10.6M (revenue +0.3% year-over-year).
- 2017: Revenue of $982K, expenses of $1.0M, and assets of $10.8M (revenue +0.8% year-over-year).
- 2016: Revenue of $975K, expenses of $993K, and assets of $11.0M (revenue +4.5% year-over-year).
- 2015: Revenue of $932K, expenses of $1.1M, and assets of $11.2M (revenue +6.7% year-over-year).
- 2014: Revenue of $874K, expenses of $1.2M, and assets of $11.4M (revenue +2.6% year-over-year).
- 2013: Revenue of $851K, expenses of $1.1M, and assets of $11.5M (revenue -0.2% year-over-year).
- 2012: Revenue of $853K, expenses of $1.0M, and assets of $11.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Palos Park Senior Housing Nfp:
Data Sources and Methodology
This transparency report for Palos Park Senior Housing Nfp 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.