Senior Citizens Housing Development Corporation Of Sullivan County Inc
Senior Citizens Housing Development Corporation consistently operates at a deficit, drawing down assets despite no executive compensation.
EIN: 20497137 · Keene, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $216K |
| Total Expenses | $261K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $-1,032,189 |
| Transparency Score | 70/100 |
Is Senior Citizens Housing Development Corporation Of Sullivan County Inc 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 Sullivan County Inc 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 Sullivan County Inc
Senior Citizens Housing Development Corporation Of Sullivan County Inc (EIN: 20497137) is a nonprofit organization based in Keene, NH, classified under NTEE code L21. The organization reported total revenue of $216K and total assets of $454K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Citizens Housing Development Corporation Of Sullivan County Inc'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 Sullivan County Inc is a small nonprofit that has been operating for 6 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $261K |
| Surplus / Deficit | $-50,256 |
| Total Assets | $529K |
| Total Liabilities | $1.6M |
| Net Assets | $-1,032,189 |
| Operating Margin | -23.8% |
| Debt-to-Asset Ratio | 295.3% |
| Months of Reserves | 24.3 months |
Financial Health Grade: C
In 2023, Senior Citizens Housing Development Corporation Of Sullivan County Inc reported a deficit of $50K with expenses exceeding revenue, holds 24.3 months of operating reserves (strong position), has a debt-to-asset ratio of 295.3% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Senior Citizens Housing Development Corporation Of Sullivan County Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | -1.6% | -7.4% |
| 2022 | +4.4% | +3.2% | -12.4% |
| 2021 | +0.7% | +0.9% | -11.5% |
| 2020 | -10.2% | +6.7% | -7.2% |
| 2019 | +18.0% | +10.0% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
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 Sullivan County Inc 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Senior Citizens Housing Development Corporation Of Sullivan County Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $50K, with expenses exceeding revenue.
- Debt-to-asset ratio: 295.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with annual revenues around $200,000.
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 Sullivan County Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in all reported periods.
- Declining asset base, from $828,665 in 2018 to $528,538 in 2023.
- High and consistent liabilities (around $1.5 million) relative to assets and revenue.
Strengths
The following positive indicators were identified for Senior Citizens Housing Development Corporation Of Sullivan County Inc:
- No executive compensation reported, indicating volunteer leadership and efficient use of funds.
- Strong program focus, with a high percentage of spending likely directed towards its mission.
- Consistent revenue generation over the past six years, albeit not enough to cover expenses.
Frequently Asked Questions about Senior Citizens Housing Development Corporation Of Sullivan County Inc
Is Senior Citizens Housing Development Corporation Of Sullivan County Inc a legitimate charity?
Senior Citizens Housing Development Corporation Of Sullivan County Inc (EIN: 20497137) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 6 years of IRS 990 filings on record. Total revenue: $216K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Senior Citizens Housing Development Corporation Of Sullivan County Inc spend its money?
Senior Citizens Housing Development Corporation Of Sullivan County Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Senior Citizens Housing Development Corporation Of Sullivan County Inc tax-deductible?
Senior Citizens Housing Development Corporation Of Sullivan County Inc is registered as a tax-exempt nonprofit (EIN: 20497137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Senior Citizens Housing Development Corporation Of Sullivan County Inc CEO make?
Senior Citizens Housing Development Corporation Of Sullivan County Inc's highest-compensated officer earns $200,000. annually. The organization reported $216K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Senior Citizens Housing Development Corporation Of Sullivan County Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Senior Citizens Housing Development Corporation Of Sullivan County Inc is above average for NTEE category L21 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 Sullivan County Inc located?
Senior Citizens Housing Development Corporation Of Sullivan County Inc is headquartered in Keene, New Hampshire and files with the IRS under EIN 20497137. It is classified under NTEE code L21.
How many years of IRS 990 filings does Senior Citizens Housing Development Corporation Of Sullivan County Inc have?
Senior Citizens Housing Development Corporation Of Sullivan County Inc has 6 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 $216K in total revenue.
Is Senior Citizens Housing Development Corporation Of Sullivan County Inc financially sustainable given its consistent deficits?
The organization has consistently reported expenses exceeding revenue, leading to a decline in assets from $828,665 in 2018 to $528,538 in 2023. This trend raises concerns about long-term financial sustainability if not addressed.
What is the nature of the high liabilities reported by the organization?
The organization consistently reports liabilities around $1.5 million. A deeper dive into the 990 forms would be needed to understand the specific nature of these liabilities, such as mortgages or other long-term debt, and their impact on the organization's financial health.
How does the organization cover its operational deficits?
Given the consistent deficits (e.g., $50,256 in 2023), the organization appears to be covering these shortfalls by drawing down its assets, which have decreased by over $300,000 since 2018.
Filing History
IRS 990 filing history for Senior Citizens Housing Development Corporation Of Sullivan County Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Senior Citizens Housing Development Corporation Of Sullivan County Inc's revenue has grown by 21%, moving from $174K to $211K. Total assets decreased by 36.2% over the same period, from $829K to $529K. Total functional expenses rose by 20.4%, from $217K to $261K. In its most recent filing year (2023), Senior Citizens Housing Development Corporation Of Sullivan County Inc reported a deficit of $50K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $529K in assets (debt-to-asset ratio: 295.3%), resulting in net assets of $-1,032,189.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $261K | $529K | $1.6M | — | View 990 |
| 2022 | $194K | $265K | $571K | $1.6M | — | View 990 |
| 2021 | $186K | $257K | $652K | $1.6M | — | View 990 |
| 2020 | $185K | $255K | $736K | $1.6M | — | View 990 |
| 2019 | $206K | $239K | $794K | $1.6M | — | View 990 |
| 2018 | $174K | $217K | $829K | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $261K, and assets of $529K (revenue +8.7% year-over-year).
- 2022: Revenue of $194K, expenses of $265K, and assets of $571K (revenue +4.4% year-over-year).
- 2021: Revenue of $186K, expenses of $257K, and assets of $652K (revenue +0.7% year-over-year).
- 2020: Revenue of $185K, expenses of $255K, and assets of $736K (revenue -10.2% year-over-year).
- 2019: Revenue of $206K, expenses of $239K, and assets of $794K (revenue +18.0% year-over-year).
- 2018: Revenue of $174K, expenses of $217K, and assets of $829K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Citizens Housing Development Corporation Of Sullivan County Inc:
Data Sources and Methodology
This transparency report for Senior Citizens Housing Development Corporation Of Sullivan County 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.