Snhs Elderly Housing Vi Inc
Snhs Elderly Housing Vi Inc consistently operates at a deficit, drawing down assets while maintaining zero officer compensation.
EIN: 204462309 · Manchester, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $243K |
| Total Expenses | $278K |
| Program Spending | 90% |
| Net Assets | $-880,206 |
| Transparency Score | 75/100 |
Is Snhs Elderly Housing Vi 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 Vi Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Elderly Housing Vi Inc
Snhs Elderly Housing Vi Inc (EIN: 204462309) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21. The organization reported total revenue of $243K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Elderly Housing Vi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Elderly Housing Vi Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $278K |
| Surplus / Deficit | $-69,673 |
| Total Assets | $1.9M |
| Total Liabilities | $2.8M |
| Net Assets | $-880,206 |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 147.0% |
| Months of Reserves | 80.8 months |
Financial Health Grade: C
In 2024, Snhs Elderly Housing Vi Inc reported a deficit of $70K with expenses exceeding revenue, holds 80.8 months of operating reserves (strong position), has a debt-to-asset ratio of 147.0% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Elderly Housing Vi Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +0.9% | -0.4% | -3.8% |
| 2023 | +8.2% | -3.7% | -5.1% |
| 2022 | +5.7% | +24.0% | -3.4% |
| 2021 | +9.7% | +4.7% | -2.1% |
| 2020 | -4.3% | -11.0% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Vi 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 Vi 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 147.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through a related entity, which is highly efficient for a nonprofit of its size.
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 Vi Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $278,034 expenses vs. $208,361 revenue in 202406.
- Declining asset base over time, from $2,519,077 in 201506 to $1,871,615 in 202406, indicating reliance on reserves.
- High liabilities relative to assets, with liabilities consistently around $2.7 million while assets are below $2 million in recent years.
Strengths
The following positive indicators were identified for Snhs Elderly Housing Vi Inc:
- Zero officer compensation reported across all filings, indicating highly efficient use of funds for leadership or strong volunteer support.
- Long operational history with 13 filings, suggesting stability and experience in its mission.
- Clear focus on program delivery, implied by the NTEE code L21 and the absence of fundraising expenses.
Frequently Asked Questions about Snhs Elderly Housing Vi Inc
Is Snhs Elderly Housing Vi Inc a legitimate charity?
Snhs Elderly Housing Vi Inc (EIN: 204462309) 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: $243K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Snhs Elderly Housing Vi Inc spend its money?
Snhs Elderly Housing Vi Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Snhs Elderly Housing Vi Inc tax-deductible?
Snhs Elderly Housing Vi Inc is registered as a tax-exempt nonprofit (EIN: 204462309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Snhs Elderly Housing Vi Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Snhs Elderly Housing Vi 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 Vi Inc located?
Snhs Elderly Housing Vi Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 204462309. It is classified under NTEE code L21.
How many years of IRS 990 filings does Snhs Elderly Housing Vi Inc have?
Snhs Elderly Housing Vi 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 $243K in total revenue.
How does Snhs Elderly Housing Vi Inc cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its assets, as evidenced by the decline in total assets from $2,519,077 in 201506 to $1,871,615 in 202406, while liabilities remain high.
What is the long-term sustainability plan given the declining assets and consistent deficits?
The filings do not explicitly detail a long-term sustainability plan. However, the consistent operational deficits (e.g., $208,361 revenue vs. $278,034 expenses in 202406) and declining asset base suggest a need for a strategy to increase revenue or reduce expenses to ensure future viability.
Is the organization part of a larger network that provides financial support or management?
The consistent zero officer compensation and the nature of elderly housing often suggest affiliation with a larger parent organization (e.g., 'Snhs' in the name might refer to a larger entity) that could be providing administrative support or financial backing not fully detailed in these individual filings.
Filing History
IRS 990 filing history for Snhs Elderly Housing Vi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Elderly Housing Vi Inc's revenue has grown by 44%, moving from $145K to $208K. Total assets decreased by 31.8% over the same period, from $2.7M to $1.9M. Total functional expenses rose by 25.5%, from $222K to $278K. In its most recent filing year (2024), Snhs Elderly Housing Vi Inc reported a deficit of $70K, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $1.9M in assets (debt-to-asset ratio: 147.0%), resulting in net assets of $-880,206.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $208K | $278K | $1.9M | $2.8M | — | — |
| 2023 | $206K | $279K | $1.9M | $2.8M | — | View 990 |
| 2022 | $191K | $290K | $2.1M | $2.8M | — | View 990 |
| 2021 | $180K | $234K | $2.1M | $2.8M | — | — |
| 2020 | $165K | $223K | $2.2M | $2.8M | — | View 990 |
| 2019 | $172K | $251K | $2.2M | $2.8M | — | View 990 |
| 2018 | $158K | $233K | $2.3M | $2.8M | — | View 990 |
| 2017 | $159K | $225K | $2.4M | $2.8M | — | View 990 |
| 2016 | $158K | $230K | $2.5M | $2.8M | — | View 990 |
| 2015 | $157K | $222K | $2.5M | $2.8M | — | View 990 |
| 2014 | $158K | $221K | $2.6M | $2.8M | — | View 990 |
| 2013 | $153K | $225K | $2.7M | $2.8M | — | View 990 |
| 2012 | $145K | $222K | $2.7M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $208K, expenses of $278K, and assets of $1.9M (revenue +0.9% year-over-year).
- 2023: Revenue of $206K, expenses of $279K, and assets of $1.9M (revenue +8.2% year-over-year).
- 2022: Revenue of $191K, expenses of $290K, and assets of $2.1M (revenue +5.7% year-over-year).
- 2021: Revenue of $180K, expenses of $234K, and assets of $2.1M (revenue +9.7% year-over-year).
- 2020: Revenue of $165K, expenses of $223K, and assets of $2.2M (revenue -4.3% year-over-year).
- 2019: Revenue of $172K, expenses of $251K, and assets of $2.2M (revenue +8.5% year-over-year).
- 2018: Revenue of $158K, expenses of $233K, and assets of $2.3M (revenue -0.2% year-over-year).
- 2017: Revenue of $159K, expenses of $225K, and assets of $2.4M (revenue +0.7% year-over-year).
- 2016: Revenue of $158K, expenses of $230K, and assets of $2.5M (revenue +0.8% year-over-year).
- 2015: Revenue of $157K, expenses of $222K, and assets of $2.5M (revenue -0.6% year-over-year).
- 2014: Revenue of $158K, expenses of $221K, and assets of $2.6M (revenue +2.9% year-over-year).
- 2013: Revenue of $153K, expenses of $225K, and assets of $2.7M (revenue +5.8% year-over-year).
- 2012: Revenue of $145K, expenses of $222K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Elderly Housing Vi Inc:
Data Sources and Methodology
This transparency report for Snhs Elderly Housing Vi 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.