Rural Housing For The Elderly
Rural Housing For The Elderly consistently operates with a surplus and reports no officer compensation.
EIN: 20341052 · Manchester, NH · NTEE: L21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $803K |
| Transparency Score | 95/100 |
Is Rural Housing For The Elderly Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rural Housing For The Elderly directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rural Housing For The Elderly
Rural Housing For The Elderly (EIN: 20341052) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21Z. The organization reported total revenue of $1.2M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rural Housing For The Elderly's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rural Housing For The Elderly is a mid-size nonprofit that has been operating for 48 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 | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$69K |
| Total Assets | $3.3M |
| Total Liabilities | $2.5M |
| Net Assets | $803K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 75.8% |
| Months of Reserves | 35.9 months |
Financial Health Grade: A
In 2024, Rural Housing For The Elderly reported a surplus of $69K with revenue exceeding expenses, holds 35.9 months of operating reserves (strong position), has a debt-to-asset ratio of 75.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Rural Housing For The Elderly's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +6.0% | +0.7% | +4.4% |
| 2023 | +4.7% | +26.0% | +2.8% |
| 2022 | +1.3% | -16.1% | +5.2% |
| 2021 | -5.1% | +9.4% | -1.8% |
| 2020 | +2.9% | -4.1% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Rural Housing For The Elderly with a Mission Score of 95 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Rural Housing For The Elderly allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $69K, with revenue exceeding expenses.
- Debt-to-asset ratio: 75.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with over $1 million in annual revenue and $3 million in assets.
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 Rural Housing For The Elderly's IRS 990 filings:
- Lack of detailed expense breakdown in provided summary data (though 0% officer comp is a strong positive)
Strengths
The following positive indicators were identified for Rural Housing For The Elderly:
- Consistent financial surpluses (e.g., $69,458 surplus in 202407)
- Steady growth in assets (from $2.6M in 2015 to $3.3M in 2024)
- 0% officer compensation reported across all filings, indicating high efficiency
- Strong compliance with 13 IRS 990 filings
- Manageable liabilities relative to assets
Frequently Asked Questions about Rural Housing For The Elderly
Is Rural Housing For The Elderly a legitimate charity?
Based on AI analysis of IRS 990 filings, Rural Housing For The Elderly (EIN: 20341052) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Rural Housing For The Elderly spend its money?
Rural Housing For The Elderly directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rural Housing For The Elderly tax-deductible?
Rural Housing For The Elderly is registered as a tax-exempt nonprofit (EIN: 20341052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rural Housing For The Elderly CEO make?
Rural Housing For The Elderly's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rural Housing For The Elderly compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Rural Housing For The Elderly is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rural Housing For The Elderly located?
Rural Housing For The Elderly is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20341052. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Rural Housing For The Elderly have?
Rural Housing For The Elderly 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 $1.2M in total revenue.
Is Rural Housing For The Elderly a good charity?
Based on the provided financial data, Rural Housing For The Elderly appears to be a very good charity. It consistently operates with a surplus, has growing assets, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How does Rural Housing For The Elderly manage its executive compensation?
The organization reports 0% officer compensation across all 13 available IRS 990 filings, meaning no salaries are paid to its officers. This is a significant indicator of financial efficiency and dedication to its mission.
What is the financial trend of Rural Housing For The Elderly?
Rural Housing For The Elderly shows a positive financial trend, with revenues consistently exceeding expenses (e.g., $1,179,412 revenue vs. $1,109,954 expenses in 202407) and assets steadily growing from $2,666,379 in 201507 to $3,316,779 in 202407.
Filing History
IRS 990 filing history for Rural Housing For The Elderly showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Rural Housing For The Elderly's revenue has grown by 22.9%, moving from $959K to $1.2M. Total assets increased by 19.6% over the same period, from $2.8M to $3.3M. Total functional expenses rose by 19.4%, from $930K to $1.1M. In its most recent filing year (2024), Rural Housing For The Elderly reported a surplus of $69K, with revenue exceeding expenses. The organization holds $2.5M in liabilities against $3.3M in assets (debt-to-asset ratio: 75.8%), resulting in net assets of $803K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1.1M | $3.3M | $2.5M | — | View 990 |
| 2023 | $1.1M | $1.1M | $3.2M | $2.4M | — | View 990 |
| 2022 | $1.1M | $875K | $3.1M | $2.4M | — | View 990 |
| 2021 | $1.0M | $1.0M | $2.9M | $2.4M | — | View 990 |
| 2020 | $1.1M | $953K | $3.0M | $2.5M | — | View 990 |
| 2019 | $1.1M | $994K | $2.8M | $2.4M | — | View 990 |
| 2018 | $1.0M | $1.0M | $2.7M | $2.5M | — | View 990 |
| 2017 | $998K | $934K | $2.7M | $2.4M | — | View 990 |
| 2016 | $1.0M | $959K | $2.7M | $2.5M | — | View 990 |
| 2015 | $998K | $968K | $2.7M | $2.5M | — | View 990 |
| 2014 | $991K | $958K | $2.8M | $2.6M | — | View 990 |
| 2013 | $986K | $992K | $2.7M | $2.6M | — | View 990 |
| 2012 | $959K | $930K | $2.8M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.2M, expenses of $1.1M, and assets of $3.3M (revenue +6.0% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $3.2M (revenue +4.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $875K, and assets of $3.1M (revenue +1.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $1.0M, and assets of $2.9M (revenue -5.1% year-over-year).
- 2020: Revenue of $1.1M, expenses of $953K, and assets of $3.0M (revenue +2.9% year-over-year).
- 2019: Revenue of $1.1M, expenses of $994K, and assets of $2.8M (revenue +3.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $2.7M (revenue +3.6% year-over-year).
- 2017: Revenue of $998K, expenses of $934K, and assets of $2.7M (revenue -2.7% year-over-year).
- 2016: Revenue of $1.0M, expenses of $959K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2015: Revenue of $998K, expenses of $968K, and assets of $2.7M (revenue +0.7% year-over-year).
- 2014: Revenue of $991K, expenses of $958K, and assets of $2.8M (revenue +0.5% year-over-year).
- 2013: Revenue of $986K, expenses of $992K, and assets of $2.7M (revenue +2.7% year-over-year).
- 2012: Revenue of $959K, expenses of $930K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rural Housing For The Elderly:
Data Sources and Methodology
This transparency report for Rural Housing For The Elderly 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.