Sholom St Paul Senior Housing Inc
Sholom St Paul Senior Housing Inc. faces persistent operating deficits and declining assets.
EIN: 204844785 · St Paul, MN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $423K |
| Total Expenses | $489K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $-834,669 |
| Transparency Score | 55/100 |
Is Sholom St Paul Senior Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sholom St Paul Senior Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sholom St Paul Senior Housing Inc
Sholom St Paul Senior Housing Inc (EIN: 204844785) is a nonprofit organization based in St Paul, MN, classified under NTEE code L22. The organization reported total revenue of $423K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sholom St Paul Senior Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sholom St Paul Senior Housing Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $489K |
| Surplus / Deficit | $-88,521 |
| Total Assets | $5.0M |
| Total Liabilities | $5.8M |
| Net Assets | $-834,669 |
| Operating Margin | -22.1% |
| Debt-to-Asset Ratio | 116.8% |
| Months of Reserves | 121.8 months |
Financial Health Grade: C
In 2023, Sholom St Paul Senior Housing Inc reported a deficit of $89K with expenses exceeding revenue, holds 121.8 months of operating reserves (strong position), has a debt-to-asset ratio of 116.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sholom St Paul Senior Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.5% | -10.1% | -2.0% |
| 2022 | -0.6% | +3.7% | -2.7% |
| 2021 | +5.1% | -1.9% | -2.2% |
| 2020 | +1.9% | -0.9% | -2.3% |
| 2019 | +12.9% | +0.2% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Sholom St Paul Senior Housing Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sholom St Paul Senior Housing Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $89K, with expenses exceeding revenue.
- Debt-to-asset ratio: 116.8%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, which is unusual for an organization with assets nearing $5 million, suggesting either a fully volunteer executive team or compensation is embedded within other expense categories.
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 Sholom St Paul Senior Housing Inc's IRS 990 filings:
- Persistent operating deficits across all reported years (e.g., $489,169 expenses vs. $400,648 revenue in 2023).
- Declining asset base over the past decade (from $6.2M in 2014 to $4.9M in 2023).
- Liabilities consistently exceed assets, indicating a negative net asset position.
- No officer compensation reported, which may obscure true leadership costs or indicate reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Sholom St Paul Senior Housing Inc:
- Long operating history with 13 IRS 990 filings.
- Maintains substantial assets ($4,966,936 in 2023) despite declines, providing some financial buffer.
- Focus on a critical community need (Housing for the Elderly, NTEE L22).
Frequently Asked Questions about Sholom St Paul Senior Housing Inc
Is Sholom St Paul Senior Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sholom St Paul Senior Housing Inc (EIN: 204844785) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Sholom St Paul Senior Housing Inc spend its money?
Sholom St Paul Senior Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sholom St Paul Senior Housing Inc tax-deductible?
Sholom St Paul Senior Housing Inc is registered as a tax-exempt nonprofit (EIN: 204844785). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sholom St Paul Senior Housing Inc CEO make?
Sholom St Paul Senior Housing Inc's highest-compensated officer earns $5 annually. The organization reported $423K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sholom St Paul Senior Housing Inc's spending goes to programs?
Sholom St Paul Senior Housing Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sholom St Paul Senior Housing Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Sholom St Paul Senior Housing Inc is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sholom St Paul Senior Housing Inc located?
Sholom St Paul Senior Housing Inc is headquartered in St Paul, Minnesota and files with the IRS under EIN 204844785. It is classified under NTEE code L22.
How many years of IRS 990 filings does Sholom St Paul Senior Housing Inc have?
Sholom St Paul 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 $423K in total revenue.
How does Sholom St Paul Senior Housing Inc. cover its consistent operating deficits?
The organization consistently reports expenses exceeding revenue, for example, $489,169 in expenses vs. $400,648 in revenue in 2023. This suggests they may be drawing from reserves, receiving unreported grants, or relying on other non-operating income sources not detailed in the summary data.
What is the long-term plan for addressing the declining asset base?
Assets have decreased from $6,224,926 in 2014 to $4,966,936 in 2023. This trend, coupled with persistent deficits, indicates a potential erosion of the organization's financial foundation over time.
Why is no officer compensation reported across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and asset base. This could imply a volunteer-led executive structure or that executive compensation is categorized differently within the expense breakdown, which impacts transparency.
What is the detailed breakdown of program vs. administrative expenses?
Without a detailed expense breakdown from the 990 filings, it's difficult to precisely determine the proportion of spending dedicated to direct program services versus administrative overhead. This information is crucial for assessing spending efficiency.
Filing History
IRS 990 filing history for Sholom St Paul Senior Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sholom St Paul Senior Housing Inc's revenue has grown by 27.5%, moving from $314K to $401K. Total assets decreased by 23.6% over the same period, from $6.5M to $5.0M. Total functional expenses rose by 14.3%, from $428K to $489K. In its most recent filing year (2023), Sholom St Paul Senior Housing Inc reported a deficit of $89K, with expenses exceeding revenue. The organization holds $5.8M in liabilities against $5.0M in assets (debt-to-asset ratio: 116.8%), resulting in net assets of $-834,669.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $401K | $489K | $5.0M | $5.8M | — | — |
| 2022 | $380K | $544K | $5.1M | $5.8M | — | View 990 |
| 2021 | $382K | $525K | $5.2M | $5.8M | — | View 990 |
| 2020 | $363K | $535K | $5.3M | $5.8M | — | — |
| 2019 | $357K | $540K | $5.4M | $5.7M | — | View 990 |
| 2018 | $316K | $539K | $5.7M | $5.7M | — | View 990 |
| 2017 | $303K | $473K | $5.9M | $5.7M | — | View 990 |
| 2016 | $300K | $450K | $6.0M | $5.7M | — | View 990 |
| 2015 | $305K | $422K | $6.1M | $5.7M | — | View 990 |
| 2014 | $307K | $412K | $6.2M | $5.6M | — | View 990 |
| 2013 | $309K | $418K | $6.3M | $5.6M | — | View 990 |
| 2012 | $309K | $394K | $6.4M | $5.6M | — | View 990 |
| 2011 | $314K | $428K | $6.5M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $401K, expenses of $489K, and assets of $5.0M (revenue +5.5% year-over-year).
- 2022: Revenue of $380K, expenses of $544K, and assets of $5.1M (revenue -0.6% year-over-year).
- 2021: Revenue of $382K, expenses of $525K, and assets of $5.2M (revenue +5.1% year-over-year).
- 2020: Revenue of $363K, expenses of $535K, and assets of $5.3M (revenue +1.9% year-over-year).
- 2019: Revenue of $357K, expenses of $540K, and assets of $5.4M (revenue +12.9% year-over-year).
- 2018: Revenue of $316K, expenses of $539K, and assets of $5.7M (revenue +4.3% year-over-year).
- 2017: Revenue of $303K, expenses of $473K, and assets of $5.9M (revenue +0.9% year-over-year).
- 2016: Revenue of $300K, expenses of $450K, and assets of $6.0M (revenue -1.5% year-over-year).
- 2015: Revenue of $305K, expenses of $422K, and assets of $6.1M (revenue -0.7% year-over-year).
- 2014: Revenue of $307K, expenses of $412K, and assets of $6.2M (revenue -0.5% year-over-year).
- 2013: Revenue of $309K, expenses of $418K, and assets of $6.3M (revenue -0.2% year-over-year).
- 2012: Revenue of $309K, expenses of $394K, and assets of $6.4M (revenue -1.5% year-over-year).
- 2011: Revenue of $314K, expenses of $428K, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sholom St Paul Senior Housing Inc:
Data Sources and Methodology
This transparency report for Sholom St Paul 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.