Snhs North Berwick Elderly Housing Inc
Snhs North Berwick Elderly Housing Inc consistently operates at a deficit, relying on assets to cover expenses for elderly housing.
EIN: 20505705 · Manchester, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $314K |
| Total Expenses | $352K |
| Program Spending | 85% |
| Net Assets | $-883,200 |
| Transparency Score | 75/100 |
Is Snhs North Berwick 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 North Berwick Elderly Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs North Berwick Elderly Housing Inc
Snhs North Berwick Elderly Housing Inc (EIN: 20505705) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21. The organization reported total revenue of $314K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs North Berwick Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs North Berwick 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 1.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $315K |
| Total Expenses | $352K |
| Surplus / Deficit | $-37,348 |
| Total Assets | $1.2M |
| Total Liabilities | $2.1M |
| Net Assets | $-883,200 |
| Operating Margin | -11.9% |
| Debt-to-Asset Ratio | 175.4% |
| Months of Reserves | 39.9 months |
Financial Health Grade: C
In 2024, Snhs North Berwick Elderly Housing Inc reported a deficit of $37K with expenses exceeding revenue, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 175.4% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs North Berwick Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +9.7% | +1.6% | -6.4% |
| 2023 | +9.1% | +4.3% | -3.4% |
| 2022 | +0.6% | +15.3% | -4.0% |
| 2021 | +0.9% | -7.3% | -2.7% |
| 2020 | -2.2% | +5.4% | -1.7% |
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 North Berwick Elderly Housing 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: 85%
- fundraising: 5%
According to IRS 990 filings, Snhs North Berwick Elderly Housing Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. 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 $37K, with expenses exceeding revenue.
- Debt-to-asset ratio: 175.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation from the organization, which is a positive sign for directing funds to its mission.
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 North Berwick Elderly Housing Inc's IRS 990 filings:
- Consistent operating deficits, with expenses exceeding revenue in every reported period.
- Gradual decline in total assets over the past decade (from $1.58M in 2015 to $1.17M in 2024).
Strengths
The following positive indicators were identified for Snhs North Berwick Elderly Housing Inc:
- Zero officer compensation reported, indicating strong financial transparency and mission focus.
- Clear and consistent mission (Housing for the Elderly) as per NTEE code.
- Maintains a significant asset base relative to its annual revenue, providing some financial cushion.
Frequently Asked Questions about Snhs North Berwick Elderly Housing Inc
Is Snhs North Berwick Elderly Housing Inc a legitimate charity?
Snhs North Berwick Elderly Housing Inc (EIN: 20505705) 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: $314K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Snhs North Berwick Elderly Housing Inc spend its money?
Snhs North Berwick Elderly Housing Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Snhs North Berwick Elderly Housing Inc tax-deductible?
Snhs North Berwick Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20505705). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Snhs North Berwick Elderly Housing Inc's spending goes to programs?
Snhs North Berwick Elderly Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Snhs North Berwick Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Snhs North Berwick 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 North Berwick Elderly Housing Inc located?
Snhs North Berwick Elderly Housing Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20505705. It is classified under NTEE code L21.
How many years of IRS 990 filings does Snhs North Berwick Elderly Housing Inc have?
Snhs North Berwick 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 $314K in total revenue.
Is Snhs North Berwick Elderly Housing Inc financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for at least the past decade. While it has a substantial asset base ($1,171,163 in 2024), this trend suggests a long-term reliance on drawing down assets or external subsidies to maintain operations, which could impact future sustainability if not addressed.
What is the nature of the organization's high liabilities?
With liabilities consistently over $2 million (e.g., $2,054,363 in 2024), it is highly probable these relate to mortgages or other financing for the elderly housing properties it operates, which is common for housing-focused nonprofits.
How does the organization cover its annual operating deficits?
The consistent deficits (e.g., $37,348 in 2024) are likely covered by drawing from its existing asset base, which has shown a gradual decline over the years, or through other non-operating income sources not detailed in the provided summary.
Filing History
IRS 990 filing history for Snhs North Berwick Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs North Berwick Elderly Housing Inc's revenue has grown by 21%, moving from $260K to $315K. Total assets decreased by 28.5% over the same period, from $1.6M to $1.2M. Total functional expenses rose by 26.1%, from $279K to $352K. In its most recent filing year (2024), Snhs North Berwick Elderly Housing Inc reported a deficit of $37K, with expenses exceeding revenue. The organization holds $2.1M in liabilities against $1.2M in assets (debt-to-asset ratio: 175.4%), resulting in net assets of $-883,200.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $315K | $352K | $1.2M | $2.1M | — | — |
| 2023 | $287K | $346K | $1.3M | $2.1M | — | View 990 |
| 2022 | $263K | $332K | $1.3M | $2.1M | — | View 990 |
| 2021 | $261K | $288K | $1.3M | $2.1M | — | — |
| 2020 | $259K | $311K | $1.4M | $2.1M | — | View 990 |
| 2019 | $265K | $295K | $1.4M | $2.0M | — | View 990 |
| 2018 | $259K | $308K | $1.5M | $2.1M | — | View 990 |
| 2017 | $258K | $290K | $1.5M | $2.1M | — | View 990 |
| 2016 | $234K | $282K | $1.5M | $2.1M | — | View 990 |
| 2015 | $252K | $267K | $1.6M | $2.1M | — | View 990 |
| 2014 | $263K | $287K | $1.6M | $2.0M | — | View 990 |
| 2013 | $245K | $267K | $1.6M | $2.1M | — | View 990 |
| 2012 | $260K | $279K | $1.6M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $315K, expenses of $352K, and assets of $1.2M (revenue +9.7% year-over-year).
- 2023: Revenue of $287K, expenses of $346K, and assets of $1.3M (revenue +9.1% year-over-year).
- 2022: Revenue of $263K, expenses of $332K, and assets of $1.3M (revenue +0.6% year-over-year).
- 2021: Revenue of $261K, expenses of $288K, and assets of $1.3M (revenue +0.9% year-over-year).
- 2020: Revenue of $259K, expenses of $311K, and assets of $1.4M (revenue -2.2% year-over-year).
- 2019: Revenue of $265K, expenses of $295K, and assets of $1.4M (revenue +2.3% year-over-year).
- 2018: Revenue of $259K, expenses of $308K, and assets of $1.5M (revenue +0.3% year-over-year).
- 2017: Revenue of $258K, expenses of $290K, and assets of $1.5M (revenue +10.1% year-over-year).
- 2016: Revenue of $234K, expenses of $282K, and assets of $1.5M (revenue -6.9% year-over-year).
- 2015: Revenue of $252K, expenses of $267K, and assets of $1.6M (revenue -4.2% year-over-year).
- 2014: Revenue of $263K, expenses of $287K, and assets of $1.6M (revenue +7.3% year-over-year).
- 2013: Revenue of $245K, expenses of $267K, and assets of $1.6M (revenue -5.8% year-over-year).
- 2012: Revenue of $260K, expenses of $279K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs North Berwick Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Snhs North Berwick 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.