Santafe Senior Living Inc
Santafe Senior Living Inc. consistently generates revenue surpluses but carries more liabilities than assets.
EIN: 203700526 · Gainesville, FL · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.4M |
| Total Expenses | $4.1M |
| Program Spending | 85% |
| Net Assets | $-625,941 |
| Transparency Score | 75/100 |
Is Santafe Senior Living Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Santafe Senior Living Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Santafe Senior Living Inc
Santafe Senior Living Inc (EIN: 203700526) is a nonprofit organization based in Gainesville, FL, classified under NTEE code T30. The organization reported total revenue of $5.4M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Santafe Senior Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Santafe Senior Living Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$2.8M |
| Total Assets | $11.0M |
| Total Liabilities | $11.6M |
| Net Assets | $-625,941 |
| Operating Margin | 40.3% |
| Debt-to-Asset Ratio | 105.7% |
| Months of Reserves | 32.4 months |
Financial Health Grade: A
In 2023, Santafe Senior Living Inc reported a surplus of $2.8M with revenue exceeding expenses, holds 32.4 months of operating reserves (strong position), has a debt-to-asset ratio of 105.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Santafe Senior Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.7% | +14.0% | +65.4% |
| 2022 | -29.7% | -2.0% | +22.8% |
| 2021 | +8.6% | -11.4% | -67.6% |
| 2020 | +18.4% | +8.2% | +18.0% |
| 2019 | +21.3% | +22.0% | +12.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Santafe Senior Living 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, Santafe Senior Living 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 surplus of $2.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 105.7%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, which is highly unusual for an organization with annual revenues consistently in the millions, suggesting either a volunteer leadership model or that compensation is structured in a way that avoids direct reporting on the 990 for officers.
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 Santafe Senior Living Inc's IRS 990 filings:
- Liabilities consistently exceed assets across all reported periods, indicating potential long-term financial risk (e.g., 202312: Assets $10,980,268, Liabilities $11,606,209).
- Zero reported officer compensation for an organization with multi-million dollar revenues is unusual and warrants further investigation into leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Santafe Senior Living Inc:
- Consistent generation of revenue surpluses, indicating effective operational management (e.g., 202312: Revenue $6,824,848, Expenses $4,072,257).
- Strong and consistent filing history with 13 IRS 990 filings, demonstrating transparency and compliance.
- Absence of reported officer compensation suggests a commitment to minimizing executive overhead, potentially allowing more funds for mission-related activities.
Frequently Asked Questions about Santafe Senior Living Inc
Is Santafe Senior Living Inc a legitimate charity?
Santafe Senior Living Inc (EIN: 203700526) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.4M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Santafe Senior Living Inc spend its money?
Santafe Senior Living Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Santafe Senior Living Inc tax-deductible?
Santafe Senior Living Inc is registered as a tax-exempt nonprofit (EIN: 203700526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Santafe Senior Living Inc's spending goes to programs?
Santafe Senior Living Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Santafe Senior Living Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Santafe Senior Living Inc is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Santafe Senior Living Inc located?
Santafe Senior Living Inc is headquartered in Gainesville, Florida and files with the IRS under EIN 203700526. It is classified under NTEE code T30.
How many years of IRS 990 filings does Santafe Senior Living Inc have?
Santafe Senior Living 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 $5.4M in total revenue.
Is Santafe Senior Living Inc. financially stable given its liabilities exceed assets?
While Santafe Senior Living Inc. consistently generates more revenue than expenses, its liabilities have consistently exceeded its assets across all reported periods. For example, in 202312, assets were $10,980,268 while liabilities were $11,606,209. This indicates a potential reliance on debt or other long-term obligations that could impact long-term financial stability, despite healthy operational surpluses.
What is the reason for zero officer compensation reported?
The IRS 990 filings for Santafe Senior Living Inc. consistently report 0% officer compensation. This could indicate that the organization operates with an entirely volunteer board and executive leadership, or that compensation is paid to non-officer employees who perform executive functions, or through a related entity not fully detailed in the provided summary. Further investigation into the full 990 forms would be necessary to clarify this.
How efficient is Santafe Senior Living Inc. in its program spending?
Based on the available data, Santafe Senior Living Inc. appears to be efficient in its overall spending, consistently reporting significant surpluses (e.g., $6,824,848 revenue vs. $4,072,257 expenses in 202312). However, without a detailed breakdown of functional expenses (program, administrative, fundraising) from the 990, a precise assessment of program spending efficiency cannot be made. The estimated spending breakdown suggests a strong program focus.
Filing History
IRS 990 filing history for Santafe Senior Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Santafe Senior Living Inc's revenue has grown by 77.4%, moving from $3.8M to $6.8M. Total assets decreased by 9% over the same period, from $12.1M to $11.0M. Total functional expenses fell by 13%, from $4.7M to $4.1M. In its most recent filing year (2023), Santafe Senior Living Inc reported a surplus of $2.8M, with revenue exceeding expenses. The organization holds $11.6M in liabilities against $11.0M in assets (debt-to-asset ratio: 105.7%), resulting in net assets of $-625,941.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $4.1M | $11.0M | $11.6M | — | — |
| 2022 | $4.9M | $3.6M | $6.6M | $10.0M | — | View 990 |
| 2021 | $6.9M | $3.6M | $5.4M | $10.1M | — | View 990 |
| 2020 | $6.4M | $4.1M | $16.7M | $19.5M | — | — |
| 2019 | $5.4M | $3.8M | $14.1M | $19.2M | — | View 990 |
| 2018 | $4.4M | $3.1M | $12.6M | $19.2M | — | View 990 |
| 2017 | $4.2M | $4.3M | $12.1M | $20.0M | — | View 990 |
| 2016 | $4.3M | $4.5M | $11.6M | $19.4M | — | View 990 |
| 2015 | $3.5M | $4.6M | $10.2M | $17.8M | — | View 990 |
| 2014 | $2.7M | $3.8M | $9.7M | $16.2M | — | View 990 |
| 2013 | $14.0M | $15.4M | $14.6M | $19.9M | — | View 990 |
| 2012 | $3.9M | $4.8M | $12.6M | $16.6M | — | View 990 |
| 2011 | $3.8M | $4.7M | $12.1M | $15.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $4.1M, and assets of $11.0M (revenue +40.7% year-over-year).
- 2022: Revenue of $4.9M, expenses of $3.6M, and assets of $6.6M (revenue -29.7% year-over-year).
- 2021: Revenue of $6.9M, expenses of $3.6M, and assets of $5.4M (revenue +8.6% year-over-year).
- 2020: Revenue of $6.4M, expenses of $4.1M, and assets of $16.7M (revenue +18.4% year-over-year).
- 2019: Revenue of $5.4M, expenses of $3.8M, and assets of $14.1M (revenue +21.3% year-over-year).
- 2018: Revenue of $4.4M, expenses of $3.1M, and assets of $12.6M (revenue +5.0% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.3M, and assets of $12.1M (revenue -2.2% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.5M, and assets of $11.6M (revenue +24.6% year-over-year).
- 2015: Revenue of $3.5M, expenses of $4.6M, and assets of $10.2M (revenue +29.2% year-over-year).
- 2014: Revenue of $2.7M, expenses of $3.8M, and assets of $9.7M (revenue -80.9% year-over-year).
- 2013: Revenue of $14.0M, expenses of $15.4M, and assets of $14.6M (revenue +257.8% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.8M, and assets of $12.6M (revenue +1.7% year-over-year).
- 2011: Revenue of $3.8M, expenses of $4.7M, and assets of $12.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Santafe Senior Living Inc:
Data Sources and Methodology
This transparency report for Santafe Senior Living 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.