Sonata Housing Inc
Sonata Housing Inc. consistently operates with no officer compensation and maintains stable finances.
EIN: 20351655 · Center Conway, NH · NTEE: P70Z · Updated: 2026-03-28
Is Sonata Housing Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sonata Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sonata Housing Inc
Sonata Housing Inc (EIN: 20351655) is a nonprofit organization based in Center Conway, NH, classified under NTEE code P70Z. The organization reported total revenue of $505K and total assets of $550K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sonata Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sonata Housing Inc is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $520K |
| Total Expenses | $493K |
| Surplus / Deficit | +$27K |
| Total Assets | $561K |
| Total Liabilities | $275K |
| Net Assets | $286K |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 49.0% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Sonata Housing Inc reported a surplus of $27K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 49.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sonata Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +8.5% | -4.6% |
| 2022 | +2.3% | +0.4% | -2.4% |
| 2021 | +3.6% | -14.8% | -0.1% |
| 2020 | +0.4% | +26.0% | -14.0% |
| 2019 | +1.8% | +-0.0% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Sonata Housing Inc with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Sonata Housing Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 49.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with over $500,000 in annual revenue.
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 Sonata Housing Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Stable revenue generation, consistently around $500,000 annually.
- Significant reduction in liabilities from $674,068 in 2014 to $275,250 in 2023, improving financial stability.
- Revenues generally exceed expenses in recent years (e.g., $520,491 revenue vs. $493,128 expenses in 2023), indicating sound financial management.
Frequently Asked Questions about Sonata Housing Inc
Is Sonata Housing Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sonata Housing Inc (EIN: 20351655) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Sonata Housing Inc spend its money?
Sonata Housing Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sonata Housing Inc tax-deductible?
Sonata Housing Inc is registered as a tax-exempt nonprofit (EIN: 20351655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Sonata Housing Inc. a good charity?
Based on the available financial data, Sonata Housing Inc. appears to be a very good charity. It consistently operates with no officer compensation, maintains stable finances with revenues generally exceeding expenses, and has significantly reduced its liabilities over time.
How has Sonata Housing Inc.'s financial health changed over the past decade?
Over the past decade, Sonata Housing Inc. has maintained stable revenue streams, generally between $436,467 and $520,491. While total assets have decreased from $767,580 in 2014 to $561,232 in 2023, liabilities have seen a more substantial reduction from $674,068 to $275,250, improving the organization's net asset position.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, suggesting a strong commitment to directing financial resources towards program services rather than administrative salaries.
Filing History
IRS 990 filing history for Sonata Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sonata Housing Inc's revenue has grown by 23.3%, moving from $422K to $520K. Total assets decreased by 24.9% over the same period, from $747K to $561K. Total functional expenses rose by 25.5%, from $393K to $493K. In its most recent filing year (2023), Sonata Housing Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $275K in liabilities against $561K in assets (debt-to-asset ratio: 49.0%), resulting in net assets of $286K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $520K | $493K | $561K | $275K | — | — |
| 2022 | $510K | $455K | $588K | $330K | — | View 990 |
| 2021 | $498K | $453K | $603K | $399K | — | View 990 |
| 2020 | $481K | $531K | $604K | $445K | — | View 990 |
| 2019 | $479K | $422K | $702K | $493K | — | View 990 |
| 2018 | $471K | $422K | $701K | $549K | — | View 990 |
| 2017 | $457K | $368K | $686K | $582K | — | View 990 |
| 2016 | $447K | $438K | $655K | $640K | — | View 990 |
| 2015 | $447K | $492K | $694K | $657K | — | View 990 |
| 2014 | $436K | $387K | $768K | $674K | — | View 990 |
| 2013 | $101K | $93K | $741K | $698K | — | View 990 |
| 2012 | $432K | $423K | $736K | $701K | — | View 990 |
| 2011 | $422K | $393K | $747K | $720K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $520K, expenses of $493K, and assets of $561K (revenue +2.2% year-over-year).
- 2022: Revenue of $510K, expenses of $455K, and assets of $588K (revenue +2.3% year-over-year).
- 2021: Revenue of $498K, expenses of $453K, and assets of $603K (revenue +3.6% year-over-year).
- 2020: Revenue of $481K, expenses of $531K, and assets of $604K (revenue +0.4% year-over-year).
- 2019: Revenue of $479K, expenses of $422K, and assets of $702K (revenue +1.8% year-over-year).
- 2018: Revenue of $471K, expenses of $422K, and assets of $701K (revenue +3.0% year-over-year).
- 2017: Revenue of $457K, expenses of $368K, and assets of $686K (revenue +2.3% year-over-year).
- 2016: Revenue of $447K, expenses of $438K, and assets of $655K (revenue +-0.0% year-over-year).
- 2015: Revenue of $447K, expenses of $492K, and assets of $694K (revenue +2.3% year-over-year).
- 2014: Revenue of $436K, expenses of $387K, and assets of $768K (revenue +332.2% year-over-year).
- 2013: Revenue of $101K, expenses of $93K, and assets of $741K (revenue -76.6% year-over-year).
- 2012: Revenue of $432K, expenses of $423K, and assets of $736K (revenue +2.2% year-over-year).
- 2011: Revenue of $422K, expenses of $393K, and assets of $747K.
Data Sources and Methodology
This transparency report for Sonata 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.