Southampton Housing For The Elderly Inc
Southampton Housing For The Elderly Inc: Stable Operations, Modest Reserves
EIN: 222619892 · Springfield, MA · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $658K |
| Total Expenses | $608K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $-59,753 |
| Transparency Score | 75/100 |
Is Southampton Housing For The Elderly Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southampton Housing For The Elderly Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Southampton Housing For The Elderly Inc
Southampton Housing For The Elderly Inc (EIN: 222619892) is a nonprofit organization based in Springfield, MA, classified under NTEE code L20Z. The organization reported total revenue of $658K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southampton Housing For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southampton Housing For The Elderly Inc is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $657K |
| Total Expenses | $608K |
| Surplus / Deficit | +$48K |
| Total Assets | $2.7M |
| Total Liabilities | $2.8M |
| Net Assets | $-59,753 |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 102.2% |
| Months of Reserves | 53.5 months |
Financial Health Grade: A
In 2023, Southampton Housing For The Elderly Inc reported a surplus of $48K with revenue exceeding expenses, holds 53.5 months of operating reserves (strong position), has a debt-to-asset ratio of 102.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southampton Housing For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | -7.9% | -3.4% |
| 2022 | +23.5% | +30.0% | -0.4% |
| 2021 | -1.7% | -9.8% | -2.2% |
| 2020 | +0.8% | +7.1% | -1.1% |
| 2019 | -8.7% | -13.0% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Southampton Housing For The Elderly 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, Southampton Housing For The Elderly 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 102.2%.
Executive Compensation Analysis
Executive compensation is not reported on the Form 990-EZ, suggesting that no individual received more than $100,000 in reportable compensation.
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 Southampton Housing For The Elderly Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $3,192,919 in 2016 to $2,713,571 in 2023, indicating a gradual erosion of the asset base.
- Liabilities consistently exceed assets, with liabilities at $2,773,324 and assets at $2,713,571 in 2023, suggesting a negative net asset position.
Strengths
The following positive indicators were identified for Southampton Housing For The Elderly Inc:
- Consistent revenue generation over the past several years, with 2023 revenue at $656,586, demonstrating stable operational funding.
- Expenses are consistently managed below revenue, as seen in 2023 where expenses were $608,374 against $656,586 in revenue, indicating fiscal responsibility.
- The organization has maintained a consistent operational presence since at least 2016, providing long-term housing services.
Frequently Asked Questions about Southampton Housing For The Elderly Inc
Is Southampton Housing For The Elderly Inc a legitimate charity?
Southampton Housing For The Elderly Inc (EIN: 222619892) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $658K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Southampton Housing For The Elderly Inc spend its money?
Southampton Housing For The Elderly Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Southampton Housing For The Elderly Inc tax-deductible?
Southampton Housing For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 222619892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Southampton Housing For The Elderly Inc CEO make?
Southampton Housing For The Elderly Inc's highest-compensated officer earns $100,000 annually. The organization reported $658K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Southampton Housing For The Elderly Inc's spending goes to programs?
Southampton Housing For The Elderly Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Southampton Housing For The Elderly Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Southampton Housing For The Elderly Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Southampton Housing For The Elderly Inc located?
Southampton Housing For The Elderly Inc is headquartered in Springfield, Massachusetts and files with the IRS under EIN 222619892. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Southampton Housing For The Elderly Inc have?
Southampton Housing For The Elderly 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 $658K in total revenue.
What does Southampton Housing For The Elderly Inc do?
Southampton Housing For The Elderly Inc is a nonprofit organization in the Housing & Shelter sector, located in Springfield, Massachusetts. It is classified under NTEE code L20Z.
How much revenue does Southampton Housing For The Elderly Inc have?
Southampton Housing For The Elderly Inc reported total revenue of $657,765. Based on 13 IRS 990 filings on record.
What are Southampton Housing For The Elderly Inc's total assets?
Southampton Housing For The Elderly Inc holds total assets of $2,510,978 as reported in IRS 990 filings.
Where is Southampton Housing For The Elderly Inc located?
Southampton Housing For The Elderly Inc is based in Springfield, Massachusetts.
What is Southampton Housing For The Elderly Inc's EIN?
Southampton Housing For The Elderly Inc's Employer Identification Number (EIN) is 222619892. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Southampton Housing For The Elderly Inc?
Southampton Housing For The Elderly Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Southampton Housing For The Elderly Inc a registered 501(c)(3)?
Yes, Southampton Housing For The Elderly Inc is recognized as a tax-exempt organization by the IRS. EIN: 222619892.
Does Southampton Housing For The Elderly Inc file IRS Form 990?
Yes, Southampton Housing For The Elderly Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Southampton Housing For The Elderly Inc's revenue in 2023?
In the 202306 filing period, Southampton Housing For The Elderly Inc reported total revenue of $656,586, total expenses of $608,374, and net assets of $2,713,571.
Is Southampton Housing For The Elderly Inc's revenue growing or declining?
Southampton Housing For The Elderly Inc's revenue is relatively stable. Revenue went from $685,508 (202206) to $656,586 (202306), a -4.2% change. Based on 13 filings on record.
What is Southampton Housing For The Elderly Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Southampton Housing For The Elderly Inc covers tax period 202306. It shows revenue of $656,586, expenses of $608,374, total assets of $2,713,571, and liabilities of $2,773,324.
How much does Southampton Housing For The Elderly Inc spend on programs vs administration?
Based on IRS 990 analysis, Southampton Housing For The Elderly Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Southampton Housing For The Elderly Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Southampton Housing For The Elderly Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Southampton Housing For The Elderly Inc?
The following concerns were identified: Total assets have shown a consistent decline from $3,192,919 in 2016 to $2,713,571 in 2023, indicating a gradual erosion of the asset base.. Liabilities consistently exceed assets, with liabilities at $2,773,324 and assets at $2,713,571 in 2023, suggesting a negative net asset position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Southampton Housing For The Elderly Inc's strengths?
Positive indicators for Southampton Housing For The Elderly Inc include: Consistent revenue generation over the past several years, with 2023 revenue at $656,586, demonstrating stable operational funding.. Expenses are consistently managed below revenue, as seen in 2023 where expenses were $608,374 against $656,586 in revenue, indicating fiscal responsibility.. The organization has maintained a consistent operational presence since at least 2016, providing long-term housing services.. These findings are derived from AI analysis of the organization's financial filings.
How does Southampton Housing For The Elderly Inc compensate executives?
Executive compensation is not reported on the Form 990-EZ, suggesting that no individual received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and the negative net asset position, what is the long-term sustainability plan for the organization?
The consistent decline in assets and liabilities exceeding assets suggest a need for strategic financial planning to rebuild reserves and ensure long-term viability, potentially through capital campaigns or asset management strategies.
How does the organization plan to address the gap between its assets and liabilities to improve its financial health?
Addressing the gap between assets and liabilities would likely involve a combination of increasing revenue streams, reducing operational costs, or potentially seeking grants specifically for capital improvements or debt reduction to strengthen the balance sheet.
Filing History
IRS 990 filing history for Southampton Housing For The Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southampton Housing For The Elderly Inc's revenue has grown by 34.1%, moving from $489K to $657K. Total assets increased by 53.6% over the same period, from $1.8M to $2.7M. Total functional expenses rose by 15.6%, from $526K to $608K. In its most recent filing year (2023), Southampton Housing For The Elderly Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $2.7M in assets (debt-to-asset ratio: 102.2%), resulting in net assets of $-59,753.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $657K | $608K | $2.7M | $2.8M | — | View 990 |
| 2022 | $686K | $661K | $2.8M | $2.9M | — | View 990 |
| 2021 | $555K | $508K | $2.8M | $3.0M | — | View 990 |
| 2020 | $564K | $564K | $2.9M | $3.1M | — | View 990 |
| 2019 | $560K | $526K | $2.9M | $3.1M | — | View 990 |
| 2018 | $613K | $605K | $2.9M | $3.1M | — | View 990 |
| 2017 | $610K | $607K | $3.0M | $3.3M | — | View 990 |
| 2016 | $593K | $579K | $3.2M | $3.4M | — | View 990 |
| 2015 | $614K | $593K | $3.3M | $3.5M | — | View 990 |
| 2014 | $630K | $622K | $3.3M | $3.5M | — | View 990 |
| 2013 | $618K | $586K | $3.6M | $3.9M | — | View 990 |
| 2012 | $555K | $520K | $1.7M | $2.0M | — | View 990 |
| 2011 | $489K | $526K | $1.8M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $657K, expenses of $608K, and assets of $2.7M (revenue -4.2% year-over-year).
- 2022: Revenue of $686K, expenses of $661K, and assets of $2.8M (revenue +23.5% year-over-year).
- 2021: Revenue of $555K, expenses of $508K, and assets of $2.8M (revenue -1.7% year-over-year).
- 2020: Revenue of $564K, expenses of $564K, and assets of $2.9M (revenue +0.8% year-over-year).
- 2019: Revenue of $560K, expenses of $526K, and assets of $2.9M (revenue -8.7% year-over-year).
- 2018: Revenue of $613K, expenses of $605K, and assets of $2.9M (revenue +0.5% year-over-year).
- 2017: Revenue of $610K, expenses of $607K, and assets of $3.0M (revenue +2.8% year-over-year).
- 2016: Revenue of $593K, expenses of $579K, and assets of $3.2M (revenue -3.3% year-over-year).
- 2015: Revenue of $614K, expenses of $593K, and assets of $3.3M (revenue -2.6% year-over-year).
- 2014: Revenue of $630K, expenses of $622K, and assets of $3.3M (revenue +2.0% year-over-year).
- 2013: Revenue of $618K, expenses of $586K, and assets of $3.6M (revenue +11.2% year-over-year).
- 2012: Revenue of $555K, expenses of $520K, and assets of $1.7M (revenue +13.5% year-over-year).
- 2011: Revenue of $489K, expenses of $526K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southampton Housing For The Elderly Inc:
Data Sources and Methodology
This transparency report for Southampton Housing For The Elderly 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.