Shadagee Seniors Housing Corporation
Shadagee Seniors Housing Corporation faces long-term financial challenges with declining assets and persistent liabilities exceeding assets.
EIN: 10370653 · Madrid Twp, ME · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $318K |
| Total Expenses | $317K |
| Program Spending | 85% |
| Net Assets | $-139,668 |
| Transparency Score | 60/100 |
Is Shadagee Seniors Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shadagee Seniors Housing Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shadagee Seniors Housing Corporation
Shadagee Seniors Housing Corporation (EIN: 10370653) is a nonprofit organization based in Madrid Twp, ME, classified under NTEE code L22Z. The organization reported total revenue of $318K and total assets of $481K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shadagee Seniors Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shadagee Seniors Housing Corporation is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $317K |
| Surplus / Deficit | $-36,882 |
| Total Assets | $475K |
| Total Liabilities | $615K |
| Net Assets | $-139,668 |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 129.4% |
| Months of Reserves | 18.0 months |
Financial Health Grade: C
In 2024, Shadagee Seniors Housing Corporation reported a deficit of $37K with expenses exceeding revenue, holds 18.0 months of operating reserves (strong position), has a debt-to-asset ratio of 129.4% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Shadagee Seniors Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.9% | +12.0% | -10.6% |
| 2023 | +2.1% | +8.1% | -5.4% |
| 2022 | +1.7% | -1.3% | +0.2% |
| 2021 | -2.9% | +1.6% | -2.9% |
| 2020 | +1.8% | -5.5% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Shadagee Seniors Housing Corporation with a Mission Score of 60 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, Shadagee Seniors Housing Corporation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive structure or that executive roles are compensated through non-officer channels, which is a positive indicator for resource allocation directly to mission.
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 Shadagee Seniors Housing Corporation's IRS 990 filings:
- Consistent negative net asset position (Liabilities > Assets, e.g., 2024: $614,787 liabilities vs. $475,119 assets)
- Expenses frequently exceed revenue (e.g., 2024: $317,407 expenses vs. $280,525 revenue)
- Declining asset base over the past decade (from $649,098 in 2015 to $475,119 in 2024)
Strengths
The following positive indicators were identified for Shadagee Seniors Housing Corporation:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds at the executive level.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and compliance.
- Focus on a clear mission (Seniors Housing) as per NTEE code L22Z.
Frequently Asked Questions about Shadagee Seniors Housing Corporation
Is Shadagee Seniors Housing Corporation a legitimate charity?
Shadagee Seniors Housing Corporation (EIN: 10370653) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $318K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Shadagee Seniors Housing Corporation spend its money?
Shadagee Seniors Housing Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Shadagee Seniors Housing Corporation tax-deductible?
Shadagee Seniors Housing Corporation is registered as a tax-exempt nonprofit (EIN: 10370653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Shadagee Seniors Housing Corporation's spending goes to programs?
Shadagee Seniors Housing Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Shadagee Seniors Housing Corporation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Shadagee Seniors Housing Corporation is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Shadagee Seniors Housing Corporation located?
Shadagee Seniors Housing Corporation is headquartered in Madrid Twp, Maine and files with the IRS under EIN 10370653. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Shadagee Seniors Housing Corporation have?
Shadagee Seniors Housing Corporation 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 $318K in total revenue.
Is Shadagee Seniors Housing Corporation financially sustainable in the long term?
The organization's long-term financial sustainability is questionable given the consistent trend of expenses exceeding revenue in many periods and the steady decline in assets coupled with high liabilities. For example, in 2024, liabilities ($614,787) significantly exceeded assets ($475,119).
What is the primary source of funding for Shadagee Seniors Housing Corporation?
While the filings show 'Revenue' figures, the specific breakdown of revenue sources (e.g., program service revenue, contributions, grants) is not provided in the summary data. Further examination of the full 990 forms would be needed to determine the primary funding sources.
How does the organization manage its negative net asset position?
The organization has consistently reported liabilities exceeding assets, indicating a negative net asset position. This could be managed through various means such as debt restructuring, specific grant funding for capital improvements, or reliance on future revenue streams. A deeper dive into the balance sheet details would be necessary to understand the specifics.
Filing History
IRS 990 filing history for Shadagee Seniors Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Shadagee Seniors Housing Corporation's revenue has grown by 20%, moving from $234K to $281K. Total assets decreased by 36.4% over the same period, from $747K to $475K. Total functional expenses rose by 43.8%, from $221K to $317K. In its most recent filing year (2024), Shadagee Seniors Housing Corporation reported a deficit of $37K, with expenses exceeding revenue. The organization holds $615K in liabilities against $475K in assets (debt-to-asset ratio: 129.4%), resulting in net assets of $-139,668.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $281K | $317K | $475K | $615K | — | — |
| 2023 | $278K | $283K | $531K | $634K | — | View 990 |
| 2022 | $272K | $262K | $562K | $659K | — | View 990 |
| 2021 | $268K | $265K | $561K | $668K | — | View 990 |
| 2020 | $275K | $261K | $577K | $687K | — | View 990 |
| 2019 | $271K | $276K | $573K | $696K | — | View 990 |
| 2018 | $267K | $291K | $597K | $714K | — | View 990 |
| 2017 | $263K | $224K | $630K | $723K | — | View 990 |
| 2016 | $232K | $243K | $639K | $771K | — | View 990 |
| 2015 | $235K | $239K | $649K | $770K | — | View 990 |
| 2014 | $242K | $247K | $663K | $779K | — | View 990 |
| 2013 | $244K | $300K | $688K | $799K | — | View 990 |
| 2012 | $234K | $221K | $747K | $802K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $281K, expenses of $317K, and assets of $475K (revenue +0.9% year-over-year).
- 2023: Revenue of $278K, expenses of $283K, and assets of $531K (revenue +2.1% year-over-year).
- 2022: Revenue of $272K, expenses of $262K, and assets of $562K (revenue +1.7% year-over-year).
- 2021: Revenue of $268K, expenses of $265K, and assets of $561K (revenue -2.9% year-over-year).
- 2020: Revenue of $275K, expenses of $261K, and assets of $577K (revenue +1.8% year-over-year).
- 2019: Revenue of $271K, expenses of $276K, and assets of $573K (revenue +1.3% year-over-year).
- 2018: Revenue of $267K, expenses of $291K, and assets of $597K (revenue +1.7% year-over-year).
- 2017: Revenue of $263K, expenses of $224K, and assets of $630K (revenue +13.4% year-over-year).
- 2016: Revenue of $232K, expenses of $243K, and assets of $639K (revenue -1.2% year-over-year).
- 2015: Revenue of $235K, expenses of $239K, and assets of $649K (revenue -3.3% year-over-year).
- 2014: Revenue of $242K, expenses of $247K, and assets of $663K (revenue -0.5% year-over-year).
- 2013: Revenue of $244K, expenses of $300K, and assets of $688K (revenue +4.3% year-over-year).
- 2012: Revenue of $234K, expenses of $221K, and assets of $747K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shadagee Seniors Housing Corporation:
Data Sources and Methodology
This transparency report for Shadagee Seniors Housing Corporation 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.