Snhs Northwood Elderly Housing Inc
Snhs Northwood Elderly Housing Inc. consistently operates with expenses exceeding revenue, drawing down assets while maintaining stable liabilities and no officer compensation.
EIN: 20612552 · Manchester, NH · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $351K |
| Total Expenses | $377K |
| Program Spending | 90% |
| Net Assets | $-1,424,023 |
| Transparency Score | 85/100 |
Is Snhs Northwood 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 Northwood Elderly Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Northwood Elderly Housing Inc
Snhs Northwood Elderly Housing Inc (EIN: 20612552) is a nonprofit organization based in Manchester, NH, classified under NTEE code L21. The organization reported total revenue of $351K and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Northwood Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Northwood Elderly Housing 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 2.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $312K |
| Total Expenses | $377K |
| Surplus / Deficit | $-65,670 |
| Total Assets | $2.2M |
| Total Liabilities | $3.6M |
| Net Assets | $-1,424,023 |
| Operating Margin | -21.1% |
| Debt-to-Asset Ratio | 165.8% |
| Months of Reserves | 68.8 months |
Financial Health Grade: C
In 2024, Snhs Northwood Elderly Housing Inc reported a deficit of $66K with expenses exceeding revenue, holds 68.8 months of operating reserves (strong position), has a debt-to-asset ratio of 165.8% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Northwood Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.5% | -1.4% | -5.2% |
| 2023 | +5.2% | +0.8% | -3.7% |
| 2022 | +0.9% | +11.2% | -4.8% |
| 2021 | +2.5% | +6.2% | -2.5% |
| 2020 | +11.5% | -3.3% | -2.1% |
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 Northwood 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Snhs Northwood Elderly Housing 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 $66K, with expenses exceeding revenue.
- Debt-to-asset ratio: 165.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly favorable for directing resources 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 Northwood Elderly Housing Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years, leading to asset depletion.
- Declining asset base from $2.9M in 2015 to $2.1M in 2024 without a clear plan for sustainability.
Strengths
The following positive indicators were identified for Snhs Northwood Elderly Housing Inc:
- Zero officer compensation reported across all filings, indicating high efficiency in executive spending.
- Consistent operation and service delivery for elderly housing over many years.
- Substantial asset base ($2.1M in 2024) providing a buffer despite operating deficits.
- Stable liability management over a decade, suggesting predictable financial obligations.
Frequently Asked Questions about Snhs Northwood Elderly Housing Inc
Is Snhs Northwood Elderly Housing Inc a legitimate charity?
Snhs Northwood Elderly Housing Inc (EIN: 20612552) 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: $351K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Snhs Northwood Elderly Housing Inc spend its money?
Snhs Northwood Elderly Housing Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Snhs Northwood Elderly Housing Inc tax-deductible?
Snhs Northwood Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20612552). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Snhs Northwood Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Snhs Northwood 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 Northwood Elderly Housing Inc located?
Snhs Northwood Elderly Housing Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20612552. It is classified under NTEE code L21.
How many years of IRS 990 filings does Snhs Northwood Elderly Housing Inc have?
Snhs Northwood 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 $351K in total revenue.
Is Snhs Northwood Elderly Housing Inc. a good charity?
Based on the available data, Snhs Northwood Elderly Housing Inc. appears to be a good charity, particularly due to its consistent program delivery, lack of officer compensation, and relatively stable financial position despite operating deficits.
Why do expenses consistently exceed revenue?
The consistent trend of expenses exceeding revenue (e.g., $377,403 expenses vs. $311,733 revenue in 2024) suggests the organization may be utilizing its existing asset base to cover operational costs or depreciation, or it may rely on non-revenue contributions not fully captured in the 'revenue' line item.
How does the organization manage its liabilities?
The organization's liabilities have remained remarkably stable around $3.6 million over the past decade, suggesting a well-managed, long-term debt structure, likely tied to its elderly housing properties.
What is the impact of 0% officer compensation?
The 0% officer compensation across all filings indicates that the organization is highly efficient in directing funds to its mission, as no resources are allocated to executive salaries, which is a strong positive for donor confidence and program funding.
Filing History
IRS 990 filing history for Snhs Northwood Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Northwood Elderly Housing Inc's revenue has grown by 26.8%, moving from $246K to $312K. Total assets decreased by 30.4% over the same period, from $3.1M to $2.2M. Total functional expenses rose by 15.5%, from $327K to $377K. In its most recent filing year (2024), Snhs Northwood Elderly Housing Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $2.2M in assets (debt-to-asset ratio: 165.8%), resulting in net assets of $-1,424,023.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $312K | $377K | $2.2M | $3.6M | — | View 990 |
| 2023 | $280K | $383K | $2.3M | $3.6M | — | View 990 |
| 2022 | $266K | $379K | $2.4M | $3.6M | — | View 990 |
| 2021 | $264K | $341K | $2.5M | $3.6M | — | — |
| 2020 | $257K | $321K | $2.6M | $3.6M | — | View 990 |
| 2019 | $230K | $332K | $2.6M | $3.6M | — | View 990 |
| 2018 | $264K | $313K | $2.7M | $3.6M | — | View 990 |
| 2017 | $260K | $336K | $2.8M | $3.6M | — | View 990 |
| 2016 | $226K | $316K | $2.8M | $3.6M | — | View 990 |
| 2015 | $258K | $323K | $2.9M | $3.6M | — | View 990 |
| 2014 | $253K | $325K | $3.0M | $3.6M | — | View 990 |
| 2013 | $247K | $312K | $3.0M | $3.6M | — | View 990 |
| 2012 | $246K | $327K | $3.1M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $312K, expenses of $377K, and assets of $2.2M (revenue +11.5% year-over-year).
- 2023: Revenue of $280K, expenses of $383K, and assets of $2.3M (revenue +5.2% year-over-year).
- 2022: Revenue of $266K, expenses of $379K, and assets of $2.4M (revenue +0.9% year-over-year).
- 2021: Revenue of $264K, expenses of $341K, and assets of $2.5M (revenue +2.5% year-over-year).
- 2020: Revenue of $257K, expenses of $321K, and assets of $2.6M (revenue +11.5% year-over-year).
- 2019: Revenue of $230K, expenses of $332K, and assets of $2.6M (revenue -12.8% year-over-year).
- 2018: Revenue of $264K, expenses of $313K, and assets of $2.7M (revenue +1.4% year-over-year).
- 2017: Revenue of $260K, expenses of $336K, and assets of $2.8M (revenue +15.3% year-over-year).
- 2016: Revenue of $226K, expenses of $316K, and assets of $2.8M (revenue -12.4% year-over-year).
- 2015: Revenue of $258K, expenses of $323K, and assets of $2.9M (revenue +1.8% year-over-year).
- 2014: Revenue of $253K, expenses of $325K, and assets of $3.0M (revenue +2.4% year-over-year).
- 2013: Revenue of $247K, expenses of $312K, and assets of $3.0M (revenue +0.6% year-over-year).
- 2012: Revenue of $246K, expenses of $327K, and assets of $3.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Northwood Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Snhs Northwood 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.