Shoals Senior Housing Inc
EIN: 351445392 · Shoals, IN · NTEE: L220
| Metric | Value |
|---|---|
| Total Revenue | $168K |
| Total Expenses | $148K |
| Net Assets | $392K |
Is Shoals Senior Housing Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Shoals Senior Housing Inc
Shoals Senior Housing Inc (EIN: 351445392) is a nonprofit organization based in Shoals, IN, classified under NTEE code L220. The organization reported total revenue of $168K and total assets of $592K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shoals Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shoals Senior Housing Inc is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 43.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157K |
| Total Expenses | $148K |
| Surplus / Deficit | +$9K |
| Total Assets | $588K |
| Total Liabilities | $196K |
| Net Assets | $392K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 33.4% |
| Months of Reserves | 47.7 months |
Financial Health Grade: A
In 2023, Shoals Senior Housing Inc reported a surplus of $9K with revenue exceeding expenses, holds 47.7 months of operating reserves (strong position), has a debt-to-asset ratio of 33.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shoals Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 43.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +8.9% | -2.1% |
| 2022 | -2.6% | +6.0% | -3.6% |
| 2021 | -2.3% | -0.6% | -1.3% |
| 2020 | +1.6% | +2.4% | -0.8% |
| 2019 | +0.0% | +34.2% | +4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Shoals Senior Housing Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shoals Senior Housing Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.4%.
Frequently Asked Questions about Shoals Senior Housing Inc
Is Shoals Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shoals Senior Housing Inc (EIN: 351445392) insufficient data. 0 red flags identified, 0 strengths noted.
How does Shoals Senior Housing Inc spend its money?
Detailed spending breakdown data is not yet available for Shoals Senior Housing Inc. Check back for updated IRS 990 analysis.
Are donations to Shoals Senior Housing Inc tax-deductible?
Shoals Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 351445392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Shoals Senior Housing Inc located?
Shoals Senior Housing Inc is headquartered in Shoals, Indiana and files with the IRS under EIN 351445392. It is classified under NTEE code L220.
How many years of IRS 990 filings does Shoals Senior Housing Inc have?
Shoals Senior Housing 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 $168K in total revenue.
Filing History
IRS 990 filing history for Shoals Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shoals Senior Housing Inc's revenue has grown by 7223.8%, moving from $2K to $157K. Total assets decreased by 18.1% over the same period, from $718K to $588K. Total functional expenses rose by 31.9%, from $112K to $148K. In its most recent filing year (2023), Shoals Senior Housing Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $196K in liabilities against $588K in assets (debt-to-asset ratio: 33.4%), resulting in net assets of $392K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157K | $148K | $588K | $196K | — | — |
| 2022 | $138K | $136K | $601K | $218K | — | View 990 |
| 2021 | $142K | $128K | $623K | $242K | — | — |
| 2020 | $145K | $129K | $631K | $265K | — | View 990 |
| 2019 | $143K | $126K | $636K | $286K | — | View 990 |
| 2018 | $143K | $94K | $611K | $284K | — | View 990 |
| 2017 | $148K | $132K | $648K | $331K | — | View 990 |
| 2016 | $136K | $128K | $653K | $353K | — | View 990 |
| 2015 | $127K | $118K | $667K | $374K | — | View 990 |
| 2014 | $6K | $0 | $680K | $396K | — | — |
| 2013 | $13K | $0 | $695K | $417K | — | View 990 |
| 2012 | $5K | $115K | $702K | $437K | — | View 990 |
| 2011 | $2K | $112K | $718K | $458K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157K, expenses of $148K, and assets of $588K (revenue +13.4% year-over-year).
- 2022: Revenue of $138K, expenses of $136K, and assets of $601K (revenue -2.6% year-over-year).
- 2021: Revenue of $142K, expenses of $128K, and assets of $623K (revenue -2.3% year-over-year).
- 2020: Revenue of $145K, expenses of $129K, and assets of $631K (revenue +1.6% year-over-year).
- 2019: Revenue of $143K, expenses of $126K, and assets of $636K (revenue +0.0% year-over-year).
- 2018: Revenue of $143K, expenses of $94K, and assets of $611K (revenue -3.3% year-over-year).
- 2017: Revenue of $148K, expenses of $132K, and assets of $648K (revenue +8.7% year-over-year).
- 2016: Revenue of $136K, expenses of $128K, and assets of $653K (revenue +7.4% year-over-year).
- 2015: Revenue of $127K, expenses of $118K, and assets of $667K (revenue +1871.7% year-over-year).
- 2014: Revenue of $6K, expenses of $0, and assets of $680K (revenue -50.9% year-over-year).
- 2013: Revenue of $13K, expenses of $0, and assets of $695K (revenue +169.7% year-over-year).
- 2012: Revenue of $5K, expenses of $115K, and assets of $702K (revenue +126.2% year-over-year).
- 2011: Revenue of $2K, expenses of $112K, and assets of $718K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shoals Senior Housing Inc:
Data Sources and Methodology
This transparency report for Shoals Senior Housing 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.