Snhs Raymond Elderly Housing Inc
Snhs Raymond Elderly Housing Inc. consistently operates at a deficit, with liabilities exceeding assets.
EIN: 20489463 · Manchester, NH · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $280K |
| Total Expenses | $288K |
| Program Spending | 85% |
| Net Assets | $-768,045 |
| Transparency Score | 65/100 |
Is Snhs Raymond 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 Raymond Elderly Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Snhs Raymond Elderly Housing Inc
Snhs Raymond Elderly Housing Inc (EIN: 20489463) is a nonprofit organization based in Manchester, NH, classified under NTEE code L22. The organization reported total revenue of $280K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Snhs Raymond Elderly Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Snhs Raymond Elderly Housing Inc is a small nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $288K |
| Surplus / Deficit | $-15,988 |
| Total Assets | $1.0M |
| Total Liabilities | $1.8M |
| Net Assets | $-768,045 |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 174.2% |
| Months of Reserves | 43.2 months |
Financial Health Grade: C
In 2024, Snhs Raymond Elderly Housing Inc reported a deficit of $16K with expenses exceeding revenue, holds 43.2 months of operating reserves (strong position), has a debt-to-asset ratio of 174.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Snhs Raymond Elderly Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.5% | +3.6% | -4.0% |
| 2023 | +4.8% | -5.1% | -5.0% |
| 2022 | +7.6% | +13.1% | -0.9% |
| 2021 | +2.3% | +2.4% | -1.2% |
| 2020 | +3.3% | -8.6% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Raymond Elderly Housing Inc with a Mission Score of 65 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 Raymond 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 174.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either volunteer or compensated through non-officer roles, which is a positive sign for minimizing administrative costs relative to 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 Raymond Elderly Housing Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) over multiple years.
- Declining asset base from $1.3M in 2015 to $1.03M in 2024.
- Liabilities consistently exceed assets, indicating a negative net asset position.
- Lack of detailed expense breakdown beyond total expenses in the provided data.
Strengths
The following positive indicators were identified for Snhs Raymond Elderly Housing Inc:
- 0% officer compensation reported, indicating efficient use of funds at the leadership level.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating transparency and compliance.
- Clear mission focus on housing for the elderly (NTEE L22).
- Stable revenue stream, albeit insufficient to cover expenses.
Frequently Asked Questions about Snhs Raymond Elderly Housing Inc
Is Snhs Raymond Elderly Housing Inc a legitimate charity?
Snhs Raymond Elderly Housing Inc (EIN: 20489463) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $280K. 4 red flags identified. 4 strengths noted. Financial health grade: C.
How does Snhs Raymond Elderly Housing Inc spend its money?
Snhs Raymond 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 Raymond Elderly Housing Inc tax-deductible?
Snhs Raymond Elderly Housing Inc is registered as a tax-exempt nonprofit (EIN: 20489463). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Snhs Raymond Elderly Housing Inc's spending goes to programs?
Snhs Raymond Elderly Housing Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Snhs Raymond Elderly Housing Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Snhs Raymond Elderly Housing Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Snhs Raymond Elderly Housing Inc located?
Snhs Raymond Elderly Housing Inc is headquartered in Manchester, New Hampshire and files with the IRS under EIN 20489463. It is classified under NTEE code L22.
How many years of IRS 990 filings does Snhs Raymond Elderly Housing Inc have?
Snhs Raymond 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 $280K in total revenue.
Is Snhs Raymond Elderly Housing Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue, leading to a decline in assets from $1,300,489 in 2015 to $1,034,637 in 2024, and an increase in liabilities from $1,816,662 to $1,802,682 over the same period. This trend suggests potential long-term sustainability challenges if not addressed.
What is the primary source of the organization's revenue and how does it cover its expenses?
While the filings show total revenue, the specific breakdown of revenue sources (e.g., grants, program service revenue, contributions) is not detailed in the provided data. Given the consistent deficits, it appears current revenue is insufficient to cover all expenses, potentially relying on past reserves or other financial mechanisms.
What are the specific categories of expenses that contribute to the operating deficits?
The provided data only gives total expenses. A detailed breakdown of program, administrative, and fundraising expenses would be necessary to understand where the majority of spending occurs and identify areas for potential efficiency improvements.
Filing History
IRS 990 filing history for Snhs Raymond Elderly Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Snhs Raymond Elderly Housing Inc's revenue has grown by 28.7%, moving from $211K to $272K. Total assets decreased by 29% over the same period, from $1.5M to $1.0M. Total functional expenses rose by 23.2%, from $234K to $288K. In its most recent filing year (2024), Snhs Raymond Elderly Housing Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $1.0M in assets (debt-to-asset ratio: 174.2%), resulting in net assets of $-768,045.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $272K | $288K | $1.0M | $1.8M | — | View 990 |
| 2023 | $262K | $278K | $1.1M | $1.8M | — | View 990 |
| 2022 | $250K | $292K | $1.1M | $1.9M | — | View 990 |
| 2021 | $233K | $259K | $1.1M | $1.8M | — | — |
| 2020 | $228K | $253K | $1.2M | $1.8M | — | View 990 |
| 2019 | $220K | $276K | $1.2M | $1.8M | — | View 990 |
| 2018 | $224K | $241K | $1.2M | $1.8M | — | View 990 |
| 2017 | $226K | $244K | $1.2M | $1.8M | — | View 990 |
| 2016 | $222K | $259K | $1.3M | $1.8M | — | View 990 |
| 2015 | $217K | $251K | $1.3M | $1.8M | — | View 990 |
| 2014 | $218K | $250K | $1.4M | $1.8M | — | View 990 |
| 2013 | $214K | $242K | $1.4M | $1.9M | — | View 990 |
| 2012 | $211K | $234K | $1.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $272K, expenses of $288K, and assets of $1.0M (revenue +3.5% year-over-year).
- 2023: Revenue of $262K, expenses of $278K, and assets of $1.1M (revenue +4.8% year-over-year).
- 2022: Revenue of $250K, expenses of $292K, and assets of $1.1M (revenue +7.6% year-over-year).
- 2021: Revenue of $233K, expenses of $259K, and assets of $1.1M (revenue +2.3% year-over-year).
- 2020: Revenue of $228K, expenses of $253K, and assets of $1.2M (revenue +3.3% year-over-year).
- 2019: Revenue of $220K, expenses of $276K, and assets of $1.2M (revenue -1.7% year-over-year).
- 2018: Revenue of $224K, expenses of $241K, and assets of $1.2M (revenue -0.8% year-over-year).
- 2017: Revenue of $226K, expenses of $244K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2016: Revenue of $222K, expenses of $259K, and assets of $1.3M (revenue +2.2% year-over-year).
- 2015: Revenue of $217K, expenses of $251K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2014: Revenue of $218K, expenses of $250K, and assets of $1.4M (revenue +1.8% year-over-year).
- 2013: Revenue of $214K, expenses of $242K, and assets of $1.4M (revenue +1.4% year-over-year).
- 2012: Revenue of $211K, expenses of $234K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Snhs Raymond Elderly Housing Inc:
Data Sources and Methodology
This transparency report for Snhs Raymond 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.