Snhs Elderly Housing Ii Inc
Snhs Elderly Housing Ii Inc consistently operates at a deficit, drawing down assets despite no executive compensation.
EIN: 20405349 · Manchester, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $778K |
| Total Expenses | $907K |
| Program Spending | 90% |
| Net Assets | $-2,758,402 |
| Transparency Score | 75/100 |
Is Snhs Elderly Housing Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snhs Elderly Housing Ii Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Elderly Housing Ii Inc
Snhs Elderly Housing Ii Inc (EIN: 20405349) is a nonprofit organization based in Manchester, NH. The organization reported total revenue of $778K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Elderly Housing Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Elderly Housing Ii Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $763K |
| Total Expenses | $907K |
| Surplus / Deficit | $-143,767 |
| Total Assets | $2.8M |
| Total Liabilities | $5.5M |
| Net Assets | $-2,758,402 |
| Operating Margin | -18.8% |
| Debt-to-Asset Ratio | 199.7% |
| Months of Reserves | 36.6 months |
Financial Health Grade: C
In 2024, Snhs Elderly Housing Ii Inc reported a deficit of $144K with expenses exceeding revenue, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 199.7% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Elderly Housing Ii Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.8% | +8.9% | -7.3% |
| 2023 | +4.5% | +1.7% | -2.9% |
| 2022 | +2.4% | -0.7% | -3.1% |
| 2021 | +3.6% | -1.2% | -3.7% |
| 2020 | +1.1% | -2.2% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Snhs Elderly Housing Ii Inc with a Mission Score of 75 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, Snhs Elderly Housing Ii 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $144K, with expenses exceeding revenue.
- Debt-to-asset ratio: 199.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is highly favorable, suggesting all operational funds are directed towards program delivery and administrative overhead.
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 Snhs Elderly Housing Ii Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over multiple years, e.g., $907,199 expenses vs. $763,432 revenue in 2024.
- Declining asset base from $3,943,070 in 2015 to $2,768,033 in 2024, indicating a potential draw on reserves.
- Liabilities consistently higher than assets, for example, $5,526,435 liabilities vs. $2,768,033 assets in 2024, suggesting significant debt or long-term obligations.
Strengths
The following positive indicators were identified for Snhs Elderly Housing Ii Inc:
- Zero officer compensation reported across all filings, indicating high financial integrity and dedication to mission.
- Consistent provision of services for elderly housing over a long period, demonstrating stability in its mission.
- Stable revenue stream, generally increasing year-over-year, from $655,443 in 2015 to $763,432 in 2024.
Frequently Asked Questions about Snhs Elderly Housing Ii Inc
Is Snhs Elderly Housing Ii Inc a legitimate charity?
Snhs Elderly Housing Ii Inc (EIN: 20405349) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $778K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Snhs Elderly Housing Ii Inc spend its money?
Snhs Elderly Housing Ii Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Snhs Elderly Housing Ii Inc tax-deductible?
Snhs Elderly Housing Ii Inc is registered as a tax-exempt nonprofit (EIN: 20405349). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Snhs Elderly Housing Ii Inc located?
Snhs Elderly Housing Ii Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20405349.
How many years of IRS 990 filings does Snhs Elderly Housing Ii Inc have?
Snhs Elderly Housing Ii 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 $778K in total revenue.
Why have expenses consistently exceeded revenue for Snhs Elderly Housing Ii Inc?
The filings show a consistent trend where expenses surpass revenue, for example, in 2024, revenue was $763,432 while expenses were $907,199. This suggests the organization is either utilizing reserves or has other funding sources not fully captured as 'revenue' in the summary, or is operating at a structural deficit.
What is the long-term plan for addressing the declining asset base?
Assets have decreased from $3,943,070 in 2015 to $2,768,033 in 2024. This sustained decline, coupled with consistent operational deficits, raises questions about the organization's strategy for maintaining its financial health and ensuring the longevity of its services.
How does Snhs Elderly Housing Ii Inc fund its operations given the revenue-expense gap?
With expenses consistently higher than reported revenue, the organization must be covering the difference through asset drawdowns, grants, or other non-revenue income streams not detailed in the provided summary. Further investigation into their Statement of Activities would be necessary.
Filing History
IRS 990 filing history for Snhs Elderly Housing Ii Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Elderly Housing Ii Inc's revenue has grown by 17%, moving from $653K to $763K. Total assets decreased by 34.8% over the same period, from $4.2M to $2.8M. Total functional expenses rose by 25.3%, from $724K to $907K. In its most recent filing year (2024), Snhs Elderly Housing Ii Inc reported a deficit of $144K, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $2.8M in assets (debt-to-asset ratio: 199.7%), resulting in net assets of $-2,758,402.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $763K | $907K | $2.8M | $5.5M | — | — |
| 2023 | $757K | $833K | $3.0M | $5.6M | — | View 990 |
| 2022 | $725K | $819K | $3.1M | $5.6M | — | View 990 |
| 2021 | $708K | $825K | $3.2M | $5.6M | — | — |
| 2020 | $683K | $836K | $3.3M | $5.6M | — | View 990 |
| 2019 | $676K | $855K | $3.4M | $5.6M | — | View 990 |
| 2018 | $686K | $785K | $3.6M | $5.6M | — | View 990 |
| 2017 | $690K | $795K | $3.7M | $5.6M | — | View 990 |
| 2016 | $646K | $830K | $3.8M | $5.6M | — | View 990 |
| 2015 | $655K | $752K | $3.9M | $5.5M | — | View 990 |
| 2014 | $665K | $767K | $4.1M | $5.6M | — | View 990 |
| 2013 | $658K | $754K | $4.1M | $5.6M | — | View 990 |
| 2012 | $653K | $724K | $4.2M | $5.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $763K, expenses of $907K, and assets of $2.8M (revenue +0.8% year-over-year).
- 2023: Revenue of $757K, expenses of $833K, and assets of $3.0M (revenue +4.5% year-over-year).
- 2022: Revenue of $725K, expenses of $819K, and assets of $3.1M (revenue +2.4% year-over-year).
- 2021: Revenue of $708K, expenses of $825K, and assets of $3.2M (revenue +3.6% year-over-year).
- 2020: Revenue of $683K, expenses of $836K, and assets of $3.3M (revenue +1.1% year-over-year).
- 2019: Revenue of $676K, expenses of $855K, and assets of $3.4M (revenue -1.6% year-over-year).
- 2018: Revenue of $686K, expenses of $785K, and assets of $3.6M (revenue -0.6% year-over-year).
- 2017: Revenue of $690K, expenses of $795K, and assets of $3.7M (revenue +6.9% year-over-year).
- 2016: Revenue of $646K, expenses of $830K, and assets of $3.8M (revenue -1.5% year-over-year).
- 2015: Revenue of $655K, expenses of $752K, and assets of $3.9M (revenue -1.4% year-over-year).
- 2014: Revenue of $665K, expenses of $767K, and assets of $4.1M (revenue +0.9% year-over-year).
- 2013: Revenue of $658K, expenses of $754K, and assets of $4.1M (revenue +0.9% year-over-year).
- 2012: Revenue of $653K, expenses of $724K, and assets of $4.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Elderly Housing Ii Inc:
Data Sources and Methodology
This transparency report for Snhs Elderly Housing Ii 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.