Snhs Greenfield Elderly Housing Inc
Snhs Greenfield Elderly Housing Inc consistently operates at a deficit but maintains a stable asset base with no reported officer compensation.
EIN: 20505706 · Manchester, NH · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $264K |
| Total Expenses | $305K |
| Program Spending | 85% |
| Net Assets | $-792,160 |
| Transparency Score | 80/100 |
Is Snhs Greenfield 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 Greenfield Elderly Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Greenfield Elderly Housing Inc
Snhs Greenfield Elderly Housing Inc (EIN: 20505706) is a nonprofit organization based in Manchester, NH, classified under NTEE code L20. The organization reported total revenue of $264K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Greenfield Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Greenfield Elderly Housing Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $265K |
| Total Expenses | $305K |
| Surplus / Deficit | $-40,534 |
| Total Assets | $1.2M |
| Total Liabilities | $2.0M |
| Net Assets | $-792,160 |
| Operating Margin | -15.3% |
| Debt-to-Asset Ratio | 164.5% |
| Months of Reserves | 48.3 months |
Financial Health Grade: C
In 2024, Snhs Greenfield Elderly Housing Inc reported a deficit of $41K with expenses exceeding revenue, holds 48.3 months of operating reserves (strong position), has a debt-to-asset ratio of 164.5% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Greenfield Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +1.4% | +2.9% | -5.2% |
| 2023 | +5.1% | +7.2% | -3.3% |
| 2022 | +8.5% | +6.9% | -0.8% |
| 2021 | +0.1% | -4.5% | -2.4% |
| 2020 | +2.4% | -6.5% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Greenfield Elderly Housing Inc with a Mission Score of 80 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: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Snhs Greenfield Elderly Housing Inc allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% 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 $41K, with expenses exceeding revenue.
- Debt-to-asset ratio: 164.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all provided filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual and suggests a volunteer-led or externally managed structure, contributing positively to financial efficiency.
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 Greenfield Elderly Housing Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across all reported periods.
- Liabilities consistently exceed assets, indicating a negative net asset position.
Strengths
The following positive indicators were identified for Snhs Greenfield Elderly Housing Inc:
- No reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Stable asset base over time, suggesting long-term property ownership for its mission.
- Consistent filing history demonstrates transparency and compliance.
- Clear focus on its NTEE code (L20 - Elderly Housing) with stable operations.
Frequently Asked Questions about Snhs Greenfield Elderly Housing Inc
Is Snhs Greenfield Elderly Housing Inc a legitimate charity?
Snhs Greenfield Elderly Housing Inc (EIN: 20505706) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $264K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Snhs Greenfield Elderly Housing Inc spend its money?
Snhs Greenfield Elderly Housing Inc directs 85% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Snhs Greenfield Elderly Housing Inc tax-deductible?
Snhs Greenfield Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20505706). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Snhs Greenfield Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Snhs Greenfield Elderly Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Snhs Greenfield Elderly Housing Inc located?
Snhs Greenfield Elderly Housing Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20505706. It is classified under NTEE code L20.
How many years of IRS 990 filings does Snhs Greenfield Elderly Housing Inc have?
Snhs Greenfield 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 $264K in total revenue.
How does Snhs Greenfield Elderly Housing Inc cover its consistent operational deficits?
The provided data shows consistent annual expenses exceeding revenue (e.g., $305,172 expenses vs. $264,638 revenue in 202403). This suggests the organization either draws from accumulated assets, receives non-operating income not reflected in 'Revenue', or has other funding mechanisms not detailed in this summary.
What is the nature of the consistent $2 million in liabilities?
The consistent liabilities around $2 million across all periods (e.g., $2,019,732 in 202403) likely represent long-term debt, such as mortgages or bonds, associated with the acquisition or development of the elderly housing properties, which is typical for real estate-holding nonprofits.
Is the organization's asset base sufficient given its liabilities?
With assets of $1,227,572 and liabilities of $2,019,732 in 202403, the organization has a negative net asset position. While this is not uncommon for organizations with significant property debt, it means the liabilities exceed the assets. However, the stability of these figures over time suggests a managed financial structure, possibly with ongoing support or specific debt servicing arrangements.
Filing History
IRS 990 filing history for Snhs Greenfield Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Greenfield Elderly Housing Inc's revenue has grown by 19.5%, moving from $221K to $265K. Total assets decreased by 27.3% over the same period, from $1.7M to $1.2M. Total functional expenses rose by 24.6%, from $245K to $305K. In its most recent filing year (2024), Snhs Greenfield Elderly Housing Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.2M in assets (debt-to-asset ratio: 164.5%), resulting in net assets of $-792,160.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $265K | $305K | $1.2M | $2.0M | — | — |
| 2023 | $261K | $297K | $1.3M | $2.0M | — | — |
| 2022 | $248K | $277K | $1.3M | $2.1M | — | View 990 |
| 2021 | $229K | $259K | $1.3M | $2.0M | — | — |
| 2020 | $229K | $271K | $1.4M | $2.0M | — | View 990 |
| 2019 | $223K | $290K | $1.4M | $2.0M | — | View 990 |
| 2018 | $227K | $244K | $1.5M | $2.0M | — | View 990 |
| 2017 | $229K | $259K | $1.5M | $2.0M | — | View 990 |
| 2016 | $227K | $257K | $1.5M | $2.0M | — | View 990 |
| 2015 | $228K | $258K | $1.6M | $2.0M | — | View 990 |
| 2014 | $186K | $253K | $1.6M | $2.0M | — | View 990 |
| 2013 | $220K | $244K | $1.7M | $2.0M | — | View 990 |
| 2012 | $221K | $245K | $1.7M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $265K, expenses of $305K, and assets of $1.2M (revenue +1.4% year-over-year).
- 2023: Revenue of $261K, expenses of $297K, and assets of $1.3M (revenue +5.1% year-over-year).
- 2022: Revenue of $248K, expenses of $277K, and assets of $1.3M (revenue +8.5% year-over-year).
- 2021: Revenue of $229K, expenses of $259K, and assets of $1.3M (revenue +0.1% year-over-year).
- 2020: Revenue of $229K, expenses of $271K, and assets of $1.4M (revenue +2.4% year-over-year).
- 2019: Revenue of $223K, expenses of $290K, and assets of $1.4M (revenue -1.7% year-over-year).
- 2018: Revenue of $227K, expenses of $244K, and assets of $1.5M (revenue -0.7% year-over-year).
- 2017: Revenue of $229K, expenses of $259K, and assets of $1.5M (revenue +0.8% year-over-year).
- 2016: Revenue of $227K, expenses of $257K, and assets of $1.5M (revenue -0.6% year-over-year).
- 2015: Revenue of $228K, expenses of $258K, and assets of $1.6M (revenue +22.5% year-over-year).
- 2014: Revenue of $186K, expenses of $253K, and assets of $1.6M (revenue -15.3% year-over-year).
- 2013: Revenue of $220K, expenses of $244K, and assets of $1.7M (revenue -0.6% year-over-year).
- 2012: Revenue of $221K, expenses of $245K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Greenfield Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Snhs Greenfield 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.