Snhs Elderly Housing Iv Inc
Snhs Elderly Housing Iv Inc consistently operates at a deficit with declining assets and stable liabilities.
EIN: 20538415 · Manchester, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $500K |
| Total Expenses | $539K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-2,047,908 |
| Transparency Score | 70/100 |
Is Snhs Elderly Housing Iv 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 Iv Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Elderly Housing Iv Inc
Snhs Elderly Housing Iv Inc (EIN: 20538415) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21. The organization reported total revenue of $500K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Elderly Housing Iv Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Elderly Housing Iv Inc is a small nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $432K |
| Total Expenses | $539K |
| Surplus / Deficit | $-106,592 |
| Total Assets | $2.5M |
| Total Liabilities | $4.6M |
| Net Assets | $-2,047,908 |
| Operating Margin | -24.7% |
| Debt-to-Asset Ratio | 180.8% |
| Months of Reserves | 56.4 months |
Financial Health Grade: C
In 2024, Snhs Elderly Housing Iv Inc reported a deficit of $107K with expenses exceeding revenue, holds 56.4 months of operating reserves (strong position), has a debt-to-asset ratio of 180.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Elderly Housing Iv Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +7.9% | -3.8% | -3.0% |
| 2023 | +9.6% | +11.8% | -4.9% |
| 2022 | +12.4% | +5.0% | -3.3% |
| 2021 | -2.2% | +4.9% | -5.1% |
| 2020 | +0.4% | +0.3% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Iv Inc with a Mission Score of 70 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Snhs Elderly Housing Iv Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $107K, with expenses exceeding revenue.
- Debt-to-asset ratio: 180.8%.
Executive Compensation Analysis
Executive compensation is 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 assets over $2 million.
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 Iv Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $106,592 deficit in 202406).
- Declining asset base over the past decade (from $3.68M in 2015 to $2.53M in 2024).
- High liabilities relative to assets, indicating potential financial leverage concerns.
Strengths
The following positive indicators were identified for Snhs Elderly Housing Iv Inc:
- Zero executive compensation reported, indicating strong commitment to mission.
- Consistent operation for over a decade, suggesting stability in its core services.
- Focus on elderly housing (NTEE L21) addresses a critical community need.
Frequently Asked Questions about Snhs Elderly Housing Iv Inc
Is Snhs Elderly Housing Iv Inc a legitimate charity?
Snhs Elderly Housing Iv Inc (EIN: 20538415) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $500K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Snhs Elderly Housing Iv Inc spend its money?
Snhs Elderly Housing Iv Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Snhs Elderly Housing Iv Inc tax-deductible?
Snhs Elderly Housing Iv Inc is registered as a tax-exempt nonprofit (EIN: 20538415). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Snhs Elderly Housing Iv Inc CEO make?
Snhs Elderly Housing Iv Inc's highest-compensated officer earns $2 annually. The organization reported $500K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Snhs Elderly Housing Iv Inc's spending goes to programs?
Snhs Elderly Housing Iv Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Snhs Elderly Housing Iv Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Snhs Elderly Housing Iv Inc 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 Snhs Elderly Housing Iv Inc located?
Snhs Elderly Housing Iv Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20538415. It is classified under NTEE code L21.
How many years of IRS 990 filings does Snhs Elderly Housing Iv Inc have?
Snhs Elderly Housing Iv 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 $500K in total revenue.
How does Snhs Elderly Housing Iv Inc cover its consistent operational deficits?
The filings consistently show expenses exceeding revenue (e.g., $538,842 expenses vs. $432,250 revenue in 202406). This suggests the organization may be relying on reserves, external funding, or other non-operating income not detailed in the provided summary to cover the gap.
What is the long-term plan for addressing the declining asset base?
The organization's assets have decreased from $3,681,009 in 201506 to $2,534,507 in 202406. This trend, if continued, could impact its ability to maintain facilities or expand services for elderly housing.
What is the nature of the significant liabilities, consistently around $4.5 million?
With liabilities consistently around $4.5 million (e.g., $4,582,415 in 202406), it's important to understand if these are primarily mortgage-related to its housing properties or other forms of debt, and how they are being managed relative to the declining asset base.
Filing History
IRS 990 filing history for Snhs Elderly Housing Iv Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Elderly Housing Iv Inc's revenue has grown by 45.6%, moving from $297K to $432K. Total assets decreased by 36.3% over the same period, from $4.0M to $2.5M. Total functional expenses rose by 28.5%, from $419K to $539K. In its most recent filing year (2024), Snhs Elderly Housing Iv Inc reported a deficit of $107K, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $2.5M in assets (debt-to-asset ratio: 180.8%), resulting in net assets of $-2,047,908.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $432K | $539K | $2.5M | $4.6M | — | — |
| 2023 | $401K | $560K | $2.6M | $4.6M | — | — |
| 2022 | $366K | $501K | $2.7M | $4.5M | — | View 990 |
| 2021 | $325K | $477K | $2.8M | $4.5M | — | — |
| 2020 | $333K | $455K | $3.0M | $4.5M | — | View 990 |
| 2019 | $332K | $453K | $3.1M | $4.5M | — | View 990 |
| 2018 | $325K | $441K | $3.2M | $4.5M | — | View 990 |
| 2017 | $324K | $449K | $3.3M | $4.5M | — | View 990 |
| 2016 | $325K | $556K | $3.6M | $4.6M | — | View 990 |
| 2015 | $319K | $429K | $3.7M | $4.5M | — | View 990 |
| 2014 | $320K | $422K | $3.8M | $4.5M | — | View 990 |
| 2013 | $318K | $413K | $3.9M | $4.5M | — | View 990 |
| 2012 | $297K | $419K | $4.0M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $432K, expenses of $539K, and assets of $2.5M (revenue +7.9% year-over-year).
- 2023: Revenue of $401K, expenses of $560K, and assets of $2.6M (revenue +9.6% year-over-year).
- 2022: Revenue of $366K, expenses of $501K, and assets of $2.7M (revenue +12.4% year-over-year).
- 2021: Revenue of $325K, expenses of $477K, and assets of $2.8M (revenue -2.2% year-over-year).
- 2020: Revenue of $333K, expenses of $455K, and assets of $3.0M (revenue +0.4% year-over-year).
- 2019: Revenue of $332K, expenses of $453K, and assets of $3.1M (revenue +2.0% year-over-year).
- 2018: Revenue of $325K, expenses of $441K, and assets of $3.2M (revenue +0.3% year-over-year).
- 2017: Revenue of $324K, expenses of $449K, and assets of $3.3M (revenue -0.2% year-over-year).
- 2016: Revenue of $325K, expenses of $556K, and assets of $3.6M (revenue +1.7% year-over-year).
- 2015: Revenue of $319K, expenses of $429K, and assets of $3.7M (revenue -0.3% year-over-year).
- 2014: Revenue of $320K, expenses of $422K, and assets of $3.8M (revenue +0.8% year-over-year).
- 2013: Revenue of $318K, expenses of $413K, and assets of $3.9M (revenue +7.0% year-over-year).
- 2012: Revenue of $297K, expenses of $419K, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Elderly Housing Iv Inc:
Data Sources and Methodology
This transparency report for Snhs Elderly Housing Iv 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.