Senior Citizens Housing Development Corporation Of Claremont
Senior Citizens Housing Development Corporation Of Claremont consistently generates surpluses and reduces liabilities.
EIN: 20330853 · Plantation, FL · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $905K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 92/100 |
Is Senior Citizens Housing Development Corporation Of Claremont Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior Citizens Housing Development Corporation Of Claremont directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior Citizens Housing Development Corporation Of Claremont
Senior Citizens Housing Development Corporation Of Claremont (EIN: 20330853) is a nonprofit organization based in Plantation, FL, classified under NTEE code L22. The organization reported total revenue of $1.2M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Citizens Housing Development Corporation Of Claremont's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior Citizens Housing Development Corporation Of Claremont is a mid-size nonprofit that has been operating for 24 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $905K |
| Surplus / Deficit | +$139K |
| Total Assets | $1.3M |
| Total Liabilities | $182K |
| Net Assets | $1.1M |
| Operating Margin | 13.3% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 16.8 months |
Financial Health Grade: A
In 2023, Senior Citizens Housing Development Corporation Of Claremont reported a surplus of $139K with revenue exceeding expenses, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Senior Citizens Housing Development Corporation Of Claremont's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.3% | -4.3% | +19.6% |
| 2022 | -3.1% | +13.3% | +7.6% |
| 2021 | +3.7% | -4.3% | +26.8% |
| 2020 | +1.1% | +2.0% | +5.1% |
| 2019 | +1.6% | -4.7% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Senior Citizens Housing Development Corporation Of Claremont with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Senior Citizens Housing Development Corporation Of Claremont allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $139K, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly unusual for an organization of this size and suggests a volunteer-led or externally compensated leadership structure.
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 Senior Citizens Housing Development Corporation Of Claremont's IRS 990 filings:
- Unusually low liabilities for an organization of this type, which could indicate a specific funding model or external support not fully detailed in summary data.
- Consistent 0% officer compensation, while positive for mission focus, is atypical for an organization with over $1 million in annual revenue and could suggest officers are compensated by a related entity or are purely volunteer, which might not be sustainable long-term without clear succession planning.
Strengths
The following positive indicators were identified for Senior Citizens Housing Development Corporation Of Claremont:
- Consistent financial surpluses, with revenue exceeding expenses in every reported period.
- Significant reduction in liabilities over the past decade, from $1,126,540 in 2014 to $182,107 in 2023.
- Steady growth in assets, from $933,690 in 2014 to $1,264,866 in 2023, indicating financial stability.
- Reported 0% officer compensation, suggesting a strong focus on program spending and minimal administrative overhead from executive salaries.
- Stable revenue stream, consistently around $1 million annually, demonstrating reliable operations.
Frequently Asked Questions about Senior Citizens Housing Development Corporation Of Claremont
Is Senior Citizens Housing Development Corporation Of Claremont a legitimate charity?
Senior Citizens Housing Development Corporation Of Claremont (EIN: 20330853) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Senior Citizens Housing Development Corporation Of Claremont spend its money?
Senior Citizens Housing Development Corporation Of Claremont directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Senior Citizens Housing Development Corporation Of Claremont tax-deductible?
Senior Citizens Housing Development Corporation Of Claremont is registered as a tax-exempt nonprofit (EIN: 20330853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Senior Citizens Housing Development Corporation Of Claremont's spending goes to programs?
Senior Citizens Housing Development Corporation Of Claremont directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Senior Citizens Housing Development Corporation Of Claremont compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Senior Citizens Housing Development Corporation Of Claremont is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Senior Citizens Housing Development Corporation Of Claremont located?
Senior Citizens Housing Development Corporation Of Claremont is headquartered in Plantation, Florida and files with the IRS under EIN 20330853. It is classified under NTEE code L22.
How many years of IRS 990 filings does Senior Citizens Housing Development Corporation Of Claremont have?
Senior Citizens Housing Development Corporation Of Claremont has 12 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 Senior Citizens Housing Development Corporation Of Claremont a good charity?
Based on the provided data, the organization appears to be a financially sound and efficient charity. It consistently generates surpluses, has growing assets, and significantly reduced liabilities. The 0% officer compensation is a strong positive indicator of mission focus.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade. Assets have grown from $933,690 in 2014 to $1,264,866 in 2023, and liabilities have dramatically decreased from $1,126,540 in 2014 to $182,107 in 2023, indicating a much stronger balance sheet.
What is the trend in the organization's revenue and expenses?
Revenue has generally remained stable, hovering around $1 million annually, with a slight increase from $931,018 in 2014 to $1,044,154 in 2023. Expenses have consistently been lower than revenue, allowing the organization to build reserves and reduce liabilities.
Filing History
IRS 990 filing history for Senior Citizens Housing Development Corporation Of Claremont showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Senior Citizens Housing Development Corporation Of Claremont's revenue has grown by 16.1%, moving from $900K to $1.0M. Total assets increased by 23.7% over the same period, from $1.0M to $1.3M. Total functional expenses rose by 1.7%, from $890K to $905K. In its most recent filing year (2023), Senior Citizens Housing Development Corporation Of Claremont reported a surplus of $139K, with revenue exceeding expenses. The organization holds $182K in liabilities against $1.3M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $905K | $1.3M | $182K | — | — |
| 2022 | $1.0M | $946K | $1.1M | $113K | — | View 990 |
| 2021 | $1.1M | $835K | $983K | $123K | — | View 990 |
| 2020 | $1.0M | $872K | $775K | $143K | — | View 990 |
| 2019 | $1.0M | $855K | $737K | $267K | — | View 990 |
| 2018 | $998K | $897K | $763K | $460K | — | View 990 |
| 2017 | $979K | $869K | $865K | $661K | — | View 990 |
| 2016 | $960K | $881K | $962K | $848K | — | View 990 |
| 2015 | $1.2M | $931K | $1.0M | $998K | — | View 990 |
| 2014 | $931K | $871K | $934K | $1.1M | — | View 990 |
| 2013 | $915K | $867K | $940K | $1.2M | — | View 990 |
| 2012 | $900K | $890K | $1.0M | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $905K, and assets of $1.3M (revenue +1.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $946K, and assets of $1.1M (revenue -3.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $835K, and assets of $983K (revenue +3.7% year-over-year).
- 2020: Revenue of $1.0M, expenses of $872K, and assets of $775K (revenue +1.1% year-over-year).
- 2019: Revenue of $1.0M, expenses of $855K, and assets of $737K (revenue +1.6% year-over-year).
- 2018: Revenue of $998K, expenses of $897K, and assets of $763K (revenue +1.9% year-over-year).
- 2017: Revenue of $979K, expenses of $869K, and assets of $865K (revenue +1.9% year-over-year).
- 2016: Revenue of $960K, expenses of $881K, and assets of $962K (revenue -16.6% year-over-year).
- 2015: Revenue of $1.2M, expenses of $931K, and assets of $1.0M (revenue +23.6% year-over-year).
- 2014: Revenue of $931K, expenses of $871K, and assets of $934K (revenue +1.7% year-over-year).
- 2013: Revenue of $915K, expenses of $867K, and assets of $940K (revenue +1.7% year-over-year).
- 2012: Revenue of $900K, expenses of $890K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Citizens Housing Development Corporation Of Claremont:
Data Sources and Methodology
This transparency report for Senior Citizens Housing Development Corporation Of Claremont 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.