Snhs Farmington Elderly Housing Inc
Snhs Farmington Elderly Housing Inc shows improved revenue in 2024, maintaining 0% officer compensation amidst stable liabilities.
EIN: 20405347 · Manchester, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $618K |
| Total Expenses | $453K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $617,973. |
| Net Assets | $-1,218,032 |
| Transparency Score | 85/100 |
Is Snhs Farmington Elderly Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Snhs Farmington Elderly Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Farmington Elderly Housing Inc
Snhs Farmington Elderly Housing Inc (EIN: 20405347) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21. The organization reported total revenue of $618K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Farmington Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Farmington Elderly Housing 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 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $618K |
| Total Expenses | $453K |
| Surplus / Deficit | +$165K |
| Total Assets | $1.7M |
| Total Liabilities | $2.9M |
| Net Assets | $-1,218,032 |
| Operating Margin | 26.6% |
| Debt-to-Asset Ratio | 173.2% |
| Months of Reserves | 44.0 months |
Financial Health Grade: A
In 2024, Snhs Farmington Elderly Housing Inc reported a surplus of $165K with revenue exceeding expenses, holds 44.0 months of operating reserves (strong position), has a debt-to-asset ratio of 173.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Farmington Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +67.8% | +16.9% | +11.5% |
| 2023 | +5.4% | -3.3% | -4.2% |
| 2022 | +2.2% | -2.3% | -3.0% |
| 2021 | +3.1% | +7.5% | -3.6% |
| 2020 | +1.9% | +1.2% | -3.2% |
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 Farmington Elderly Housing Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Snhs Farmington Elderly Housing 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 surplus of $165K, with revenue exceeding expenses.
- Debt-to-asset ratio: 173.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is highly favorable for a nonprofit of its size with latest revenue of $617,973.
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 Farmington Elderly Housing Inc's IRS 990 filings:
- High liabilities relative to assets, consistently around $2.8-$3.1 million against assets of $1.5-$2.1 million, suggesting significant debt or long-term obligations.
Strengths
The following positive indicators were identified for Snhs Farmington Elderly Housing Inc:
- Consistent 0% officer compensation, indicating strong dedication to mission and efficient use of funds.
- Improved financial performance in the latest period (202406) with revenue ($617,973) significantly exceeding expenses ($453,403).
- Strong program focus, as implied by the NTEE code L21 (Housing for the Elderly) and the absence of executive compensation.
- Good transparency with 13 IRS 990 filings available.
Frequently Asked Questions about Snhs Farmington Elderly Housing Inc
Is Snhs Farmington Elderly Housing Inc a legitimate charity?
Snhs Farmington Elderly Housing Inc (EIN: 20405347) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $618K. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Snhs Farmington Elderly Housing Inc spend its money?
Snhs Farmington Elderly Housing Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Snhs Farmington Elderly Housing Inc tax-deductible?
Snhs Farmington Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20405347). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Snhs Farmington Elderly Housing Inc CEO make?
Snhs Farmington Elderly Housing Inc's highest-compensated officer earns $617,973. annually. The organization reported $618K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Snhs Farmington Elderly Housing Inc's spending goes to programs?
Snhs Farmington Elderly Housing Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Snhs Farmington Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Snhs Farmington Elderly Housing 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 Farmington Elderly Housing Inc located?
Snhs Farmington Elderly Housing Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20405347. It is classified under NTEE code L21.
How many years of IRS 990 filings does Snhs Farmington Elderly Housing Inc have?
Snhs Farmington Elderly 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 $618K in total revenue.
Is Snhs Farmington Elderly Housing Inc financially stable?
The organization shows improving financial stability, with the latest filing (202406) reporting revenue ($617,973) exceeding expenses ($453,403), a positive shift from several prior years where expenses were higher than revenue. However, liabilities remain high relative to assets.
How does Snhs Farmington Elderly Housing Inc manage executive compensation?
Snhs Farmington Elderly Housing Inc consistently reports 0% officer compensation, meaning no salaries are paid to its executives, which is a strong indicator of efficient resource allocation towards its mission.
What is the trend in the organization's assets and liabilities?
Assets have generally decreased from $2,136,619 in 2015 to $1,663,257 in 2024, while liabilities have remained relatively stable and high, ranging from $2.8 million to $3.1 million over the past decade.
Filing History
IRS 990 filing history for Snhs Farmington Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Farmington Elderly Housing Inc's revenue has grown by 96.4%, moving from $315K to $618K. Total assets decreased by 19.9% over the same period, from $2.1M to $1.7M. Total functional expenses rose by 26.2%, from $359K to $453K. In its most recent filing year (2024), Snhs Farmington Elderly Housing Inc reported a surplus of $165K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $1.7M in assets (debt-to-asset ratio: 173.2%), resulting in net assets of $-1,218,032.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $618K | $453K | $1.7M | $2.9M | — | — |
| 2023 | $368K | $388K | $1.5M | $2.9M | — | View 990 |
| 2022 | $349K | $401K | $1.6M | $2.9M | — | View 990 |
| 2021 | $342K | $411K | $1.6M | $2.9M | — | — |
| 2020 | $331K | $382K | $1.7M | $2.9M | — | View 990 |
| 2019 | $325K | $377K | $1.7M | $2.9M | — | View 990 |
| 2018 | $314K | $344K | $1.8M | $2.9M | — | View 990 |
| 2017 | $321K | $381K | $1.8M | $2.9M | — | View 990 |
| 2016 | $313K | $357K | $1.8M | $2.9M | — | View 990 |
| 2015 | $312K | $432K | $2.1M | $3.1M | — | View 990 |
| 2014 | $312K | $344K | $2.0M | $2.9M | — | View 990 |
| 2013 | $291K | $333K | $2.0M | $2.9M | — | View 990 |
| 2012 | $315K | $359K | $2.1M | $2.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $618K, expenses of $453K, and assets of $1.7M (revenue +67.8% year-over-year).
- 2023: Revenue of $368K, expenses of $388K, and assets of $1.5M (revenue +5.4% year-over-year).
- 2022: Revenue of $349K, expenses of $401K, and assets of $1.6M (revenue +2.2% year-over-year).
- 2021: Revenue of $342K, expenses of $411K, and assets of $1.6M (revenue +3.1% year-over-year).
- 2020: Revenue of $331K, expenses of $382K, and assets of $1.7M (revenue +1.9% year-over-year).
- 2019: Revenue of $325K, expenses of $377K, and assets of $1.7M (revenue +3.7% year-over-year).
- 2018: Revenue of $314K, expenses of $344K, and assets of $1.8M (revenue -2.2% year-over-year).
- 2017: Revenue of $321K, expenses of $381K, and assets of $1.8M (revenue +2.5% year-over-year).
- 2016: Revenue of $313K, expenses of $357K, and assets of $1.8M (revenue +0.5% year-over-year).
- 2015: Revenue of $312K, expenses of $432K, and assets of $2.1M (revenue -0.1% year-over-year).
- 2014: Revenue of $312K, expenses of $344K, and assets of $2.0M (revenue +7.2% year-over-year).
- 2013: Revenue of $291K, expenses of $333K, and assets of $2.0M (revenue -7.5% year-over-year).
- 2012: Revenue of $315K, expenses of $359K, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Farmington Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Snhs Farmington Elderly 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.