Silver Lake Senior Housing Corporation
Silver Lake Senior Housing Corporation maintains stable operations with consistent revenue and zero executive compensation.
EIN: 202960318 · North Conway, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $203K |
| Total Expenses | $211K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $1.2M |
| Transparency Score | 92/100 |
Is Silver Lake Senior Housing Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silver Lake Senior Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Silver Lake Senior Housing Corporation
Silver Lake Senior Housing Corporation (EIN: 202960318) is a nonprofit organization based in North Conway, NH, classified under NTEE code L21. The organization reported total revenue of $203K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver Lake Senior Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Silver Lake Senior Housing Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $211K |
| Surplus / Deficit | $-3,570 |
| Total Assets | $1.3M |
| Total Liabilities | $72K |
| Net Assets | $1.2M |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 5.8% |
| Months of Reserves | 71.4 months |
Financial Health Grade: B
In 2024, Silver Lake Senior Housing Corporation reported a deficit of $4K with expenses exceeding revenue, holds 71.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.8% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Silver Lake Senior Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.4% | -2.9% | -2.6% |
| 2023 | -4.2% | +3.8% | -4.3% |
| 2022 | +3.6% | +13.1% | +1.5% |
| 2021 | +6.2% | -7.4% | -0.9% |
| 2020 | +12.6% | +10.0% | -2.1% |
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 Silver Lake Senior Housing Corporation 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Silver Lake Senior Housing Corporation allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, 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.
Strengths
The following positive indicators were identified for Silver Lake Senior Housing Corporation:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Stable asset base, consistently over $1.1 million, providing financial security.
- Decreasing trend in liabilities, improving the organization's financial health.
- Consistent revenue generation, demonstrating stable operational funding.
- Long filing history (13 filings) indicating sustained operation and transparency.
Frequently Asked Questions about Silver Lake Senior Housing Corporation
Is Silver Lake Senior Housing Corporation a legitimate charity?
Silver Lake Senior Housing Corporation (EIN: 202960318) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $203K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Silver Lake Senior Housing Corporation spend its money?
Silver Lake Senior Housing Corporation directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Silver Lake Senior Housing Corporation tax-deductible?
Silver Lake Senior Housing Corporation is registered as a tax-exempt nonprofit (EIN: 202960318). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Silver Lake Senior Housing Corporation CEO make?
Silver Lake Senior Housing Corporation's highest-compensated officer earns $200,000. annually. The organization reported $203K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Silver Lake Senior Housing Corporation's spending goes to programs?
Silver Lake Senior Housing Corporation directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Silver Lake Senior Housing Corporation compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Silver Lake Senior Housing Corporation 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 Silver Lake Senior Housing Corporation located?
Silver Lake Senior Housing Corporation is headquartered in North Conway, New Hampshire and files with the IRS under EIN 202960318. It is classified under NTEE code L21.
How many years of IRS 990 filings does Silver Lake Senior Housing Corporation have?
Silver Lake Senior 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 $203K in total revenue.
Is Silver Lake Senior Housing Corporation a good charity?
Based on the available IRS 990 data, Silver Lake Senior Housing Corporation appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission and operational costs. Its financial health is stable with consistent assets and manageable liabilities.
How does Silver Lake Senior Housing Corporation manage its expenses relative to revenue?
The organization generally manages its expenses well, with revenues often closely matching or exceeding expenses. For example, in 202106, revenue was $192,634 against expenses of $184,844. While there are periods where expenses slightly exceed revenue, such as in 202406 ($210,830 expenses vs. $207,260 revenue), these are not significant enough to raise major concerns given its asset base.
What is the trend in the organization's assets and liabilities?
The organization's assets have remained robust, consistently above $1.1 million, though showing a slight decrease from a peak of $1,466,856 in 201506 to $1,253,815 in 202406. Conversely, liabilities have shown a positive trend, decreasing significantly from $185,139 in 201506 to $72,109 in 202406, indicating improved financial leverage.
Filing History
IRS 990 filing history for Silver Lake Senior Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Silver Lake Senior Housing Corporation's revenue has grown by 40%, moving from $148K to $207K. Total assets decreased by 16% over the same period, from $1.5M to $1.3M. Total functional expenses rose by 35.4%, from $156K to $211K. In its most recent filing year (2024), Silver Lake Senior Housing Corporation reported a deficit of $4K, with expenses exceeding revenue. The organization holds $72K in liabilities against $1.3M in assets (debt-to-asset ratio: 5.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $207K | $211K | $1.3M | $72K | — | — |
| 2023 | $191K | $217K | $1.3M | $101K | — | View 990 |
| 2022 | $200K | $209K | $1.3M | $133K | — | View 990 |
| 2021 | $193K | $185K | $1.3M | $105K | — | — |
| 2020 | $181K | $200K | $1.3M | $125K | — | View 990 |
| 2019 | $161K | $182K | $1.4M | $135K | — | View 990 |
| 2018 | $156K | $191K | $1.4M | $156K | — | — |
| 2017 | $186K | $175K | $1.5M | $166K | — | View 990 |
| 2016 | $162K | $167K | $1.5M | $179K | — | View 990 |
| 2015 | $156K | $181K | $1.5M | $185K | — | View 990 |
| 2014 | $238K | $185K | $1.5M | $209K | — | View 990 |
| 2013 | $171K | $171K | $1.5M | $230K | — | View 990 |
| 2012 | $148K | $156K | $1.5M | $238K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $207K, expenses of $211K, and assets of $1.3M (revenue +8.4% year-over-year).
- 2023: Revenue of $191K, expenses of $217K, and assets of $1.3M (revenue -4.2% year-over-year).
- 2022: Revenue of $200K, expenses of $209K, and assets of $1.3M (revenue +3.6% year-over-year).
- 2021: Revenue of $193K, expenses of $185K, and assets of $1.3M (revenue +6.2% year-over-year).
- 2020: Revenue of $181K, expenses of $200K, and assets of $1.3M (revenue +12.6% year-over-year).
- 2019: Revenue of $161K, expenses of $182K, and assets of $1.4M (revenue +3.4% year-over-year).
- 2018: Revenue of $156K, expenses of $191K, and assets of $1.4M (revenue -16.4% year-over-year).
- 2017: Revenue of $186K, expenses of $175K, and assets of $1.5M (revenue +14.6% year-over-year).
- 2016: Revenue of $162K, expenses of $167K, and assets of $1.5M (revenue +4.2% year-over-year).
- 2015: Revenue of $156K, expenses of $181K, and assets of $1.5M (revenue -34.6% year-over-year).
- 2014: Revenue of $238K, expenses of $185K, and assets of $1.5M (revenue +39.6% year-over-year).
- 2013: Revenue of $171K, expenses of $171K, and assets of $1.5M (revenue +15.4% year-over-year).
- 2012: Revenue of $148K, expenses of $156K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Silver Lake Senior Housing Corporation:
Data Sources and Methodology
This transparency report for Silver Lake Senior 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.