Somerville Senior Citizens Housing Inc
Somerville Senior Citizens Housing: Stable Finances, High Program Spending
EIN: 222137377 · Somerville, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Is Somerville Senior Citizens Housing Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Somerville Senior Citizens Housing Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Somerville Senior Citizens Housing Inc
Somerville Senior Citizens Housing Inc (EIN: 222137377) is a nonprofit organization based in Somerville, NJ. The organization reported total revenue of $3.0M and total assets of $11.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somerville Senior Citizens Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Somerville Senior Citizens Housing Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$699K |
| Total Assets | $10.0M |
| Total Liabilities | $2.8M |
| Net Assets | $7.2M |
| Operating Margin | 24.8% |
| Debt-to-Asset Ratio | 27.7% |
| Months of Reserves | 56.7 months |
Financial Health Grade: A
In 2024, Somerville Senior Citizens Housing Inc reported a surplus of $699K with revenue exceeding expenses, holds 56.7 months of operating reserves (strong position), has a debt-to-asset ratio of 27.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Somerville Senior Citizens Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.2% | +9.4% | +33.2% |
| 2023 | +5.5% | +1.0% | +20.9% |
| 2022 | -3.1% | +4.4% | +8.1% |
| 2021 | +6.2% | +19.8% | +13.5% |
| 2020 | -0.5% | -27.7% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Somerville Senior Citizens 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: 80%
- fundraising: 10%
According to IRS 990 filings, Somerville Senior Citizens Housing Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $699K, with revenue exceeding expenses.
- Debt-to-asset ratio: 27.7%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is positive for resource allocation.
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.
Strengths
The following positive indicators were identified for Somerville Senior Citizens Housing Inc:
- Consistent revenue generation, with 2024 revenue at $2,969,266.
- Strong asset growth, reaching $11,522,513 in 2024 from $4,694,598 in 2018.
- Low liability-to-asset ratio, indicating financial stability.
- Consistent reporting of $0 executive compensation.
Frequently Asked Questions about Somerville Senior Citizens Housing Inc
Is Somerville Senior Citizens Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Somerville Senior Citizens Housing Inc (EIN: 222137377) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Somerville Senior Citizens Housing Inc spend its money?
Somerville Senior Citizens Housing Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Somerville Senior Citizens Housing Inc tax-deductible?
Somerville Senior Citizens Housing Inc is registered as a tax-exempt nonprofit (EIN: 222137377). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Somerville Senior Citizens Housing Inc CEO make?
Somerville Senior Citizens Housing Inc's highest-compensated officer earns $0 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Somerville Senior Citizens Housing Inc's spending goes to programs?
Somerville Senior Citizens Housing Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Somerville Senior Citizens Housing Inc located?
Somerville Senior Citizens Housing Inc is headquartered in Somerville, New Jersey and files with the IRS under EIN 222137377.
How many years of IRS 990 filings does Somerville Senior Citizens Housing Inc have?
Somerville Senior Citizens 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 $3.0M in total revenue.
What does Somerville Senior Citizens Housing Inc do?
Somerville Senior Citizens Housing Inc is a nonprofit organization in the Unknown sector, located in Somerville, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Somerville Senior Citizens Housing Inc have?
Somerville Senior Citizens Housing Inc reported total revenue of $2,969,266. Based on 13 IRS 990 filings on record.
What are Somerville Senior Citizens Housing Inc's total assets?
Somerville Senior Citizens Housing Inc holds total assets of $11,522,513 as reported in IRS 990 filings.
Where is Somerville Senior Citizens Housing Inc located?
Somerville Senior Citizens Housing Inc is based in Somerville, New Jersey.
What is Somerville Senior Citizens Housing Inc's EIN?
Somerville Senior Citizens Housing Inc's Employer Identification Number (EIN) is 222137377. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Somerville Senior Citizens Housing Inc?
Somerville Senior Citizens Housing Inc is classified under NTEE code Unknown (Unknown).
Is Somerville Senior Citizens Housing Inc a registered 501(c)(3)?
Somerville Senior Citizens Housing Inc appears in IRS records (EIN: 222137377). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Somerville Senior Citizens Housing Inc file IRS Form 990?
Yes, Somerville Senior Citizens Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Somerville Senior Citizens Housing Inc's revenue in 2024?
In the 202403 filing period, Somerville Senior Citizens Housing Inc reported total revenue of $2,816,261, total expenses of $2,116,877, and net assets of $10,001,243.
Is Somerville Senior Citizens Housing Inc's revenue growing or declining?
Somerville Senior Citizens Housing Inc's revenue is growing. Revenue went from $2,602,116 (202303) to $2,816,261 (202403), a +8.2% change. Based on 13 filings on record.
What is Somerville Senior Citizens Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Somerville Senior Citizens Housing Inc covers tax period 202403. It shows revenue of $2,816,261, expenses of $2,116,877, total assets of $10,001,243, and liabilities of $2,772,927.
How much does Somerville Senior Citizens Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Somerville Senior Citizens Housing Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Somerville Senior Citizens Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Somerville Senior Citizens Housing Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Somerville Senior Citizens Housing Inc's strengths?
Positive indicators for Somerville Senior Citizens Housing Inc include: Consistent revenue generation, with 2024 revenue at $2,969,266.. Strong asset growth, reaching $11,522,513 in 2024 from $4,694,598 in 2018.. Low liability-to-asset ratio, indicating financial stability.. Consistent reporting of $0 executive compensation.. These findings are derived from AI analysis of the organization's financial filings.
How does Somerville Senior Citizens Housing Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either volunteer leadership or compensation below reporting thresholds, which is positive for resource allocation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 reported for executive compensation, how does the organization manage its leadership and administrative functions?
The consistent reporting of $0 for executive compensation suggests that leadership roles may be filled by volunteers, or compensation falls below the IRS reporting threshold for key employees. This practice, while beneficial for program spending, warrants further inquiry into the operational structure and sustainability of leadership.
What is the primary driver behind the significant increase in assets from $4,694,598 in 2018 to $11,522,513 in 2024?
The substantial increase in assets, more than doubling over six years, likely stems from a combination of retained earnings (revenue exceeding expenses) and potential capital improvements or investments in housing properties, aligning with their mission to provide senior citizen housing.
Filing History
IRS 990 filing history for Somerville Senior Citizens Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Somerville Senior Citizens Housing Inc's revenue has grown by 33.8%, moving from $2.1M to $2.8M. Total assets increased by 65.8% over the same period, from $6.0M to $10.0M. Total functional expenses fell by 4.6%, from $2.2M to $2.1M. In its most recent filing year (2024), Somerville Senior Citizens Housing Inc reported a surplus of $699K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $10.0M in assets (debt-to-asset ratio: 27.7%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.1M | $10.0M | $2.8M | — | View 990 |
| 2023 | $2.6M | $1.9M | $7.5M | $982K | — | View 990 |
| 2022 | $2.5M | $1.9M | $6.2M | $349K | — | View 990 |
| 2021 | $2.5M | $1.8M | $5.7M | $438K | — | View 990 |
| 2020 | $2.4M | $1.5M | $5.1M | $466K | — | View 990 |
| 2019 | $2.4M | $2.1M | $4.7M | $957K | — | View 990 |
| 2018 | $2.4M | $2.2M | $4.7M | $1.3M | — | View 990 |
| 2017 | $2.3M | $2.3M | $4.9M | $1.5M | — | View 990 |
| 2016 | $2.2M | $2.2M | $5.1M | $1.8M | — | View 990 |
| 2015 | $2.2M | $1.8M | $5.5M | $2.2M | — | View 990 |
| 2014 | $2.2M | $2.1M | $5.8M | $2.9M | — | View 990 |
| 2013 | $2.2M | $2.1M | $6.1M | $3.3M | — | View 990 |
| 2012 | $2.1M | $2.2M | $6.0M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.1M, and assets of $10.0M (revenue +8.2% year-over-year).
- 2023: Revenue of $2.6M, expenses of $1.9M, and assets of $7.5M (revenue +5.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.9M, and assets of $6.2M (revenue -3.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $1.8M, and assets of $5.7M (revenue +6.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.5M, and assets of $5.1M (revenue -0.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.1M, and assets of $4.7M (revenue +2.1% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.2M, and assets of $4.7M (revenue +1.7% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $4.9M (revenue +3.6% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $5.1M (revenue +2.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.8M, and assets of $5.5M (revenue +0.3% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $5.8M (revenue +1.0% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.1M, and assets of $6.1M (revenue +2.6% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.2M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Somerville Senior Citizens Housing Inc:
Data Sources and Methodology
This transparency report for Somerville Senior Citizens 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.