Springside At Seneca Hill Inc
Springside At Seneca Hill Inc. maintains stable finances with consistent revenue and expenses, reporting no officer compensation.
EIN: 161555935 · Oswego, NY · NTEE: E80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Program Spending | 85% |
| Net Assets | $1.5M |
| Transparency Score | 85/100 |
Is Springside At Seneca Hill Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Springside At Seneca Hill Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Springside At Seneca Hill Inc
Springside At Seneca Hill Inc (EIN: 161555935) is a nonprofit organization based in Oswego, NY, classified under NTEE code E80. The organization reported total revenue of $1.7M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springside At Seneca Hill Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springside At Seneca Hill Inc is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$32K |
| Total Assets | $4.9M |
| Total Liabilities | $3.4M |
| Net Assets | $1.5M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 70.0% |
| Months of Reserves | 37.1 months |
Financial Health Grade: A
In 2023, Springside At Seneca Hill Inc reported a surplus of $32K with revenue exceeding expenses, holds 37.1 months of operating reserves (strong position), has a debt-to-asset ratio of 70.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Springside At Seneca Hill Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +5.3% | +2.2% |
| 2022 | -6.9% | +8.1% | -1.5% |
| 2021 | +3.6% | +1.1% | +6.0% |
| 2020 | +2.6% | -3.0% | -1.6% |
| 2019 | -1.9% | +3.4% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
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 Springside At Seneca Hill 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: 85%
- fundraising: 5%
According to IRS 990 filings, Springside At Seneca Hill 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 $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.0%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that either the organization is run entirely by volunteers at the executive level or that executive compensation is categorized differently within the expense structure, which would require deeper scrutiny to fully understand.
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 Springside At Seneca Hill Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Springside At Seneca Hill Inc:
- Consistent revenue generation exceeding expenses, indicating financial stability.
- Stable asset base over the past decade, suggesting sound financial management.
- No reported officer compensation, which could indicate a highly efficient, volunteer-driven leadership structure or strong cost control in this area.
Frequently Asked Questions about Springside At Seneca Hill Inc
Is Springside At Seneca Hill Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Springside At Seneca Hill Inc (EIN: 161555935) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Springside At Seneca Hill Inc spend its money?
Springside At Seneca Hill Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Springside At Seneca Hill Inc tax-deductible?
Springside At Seneca Hill Inc is registered as a tax-exempt nonprofit (EIN: 161555935). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Springside At Seneca Hill Inc's spending goes to programs?
Springside At Seneca Hill Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Springside At Seneca Hill Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Springside At Seneca Hill Inc is above average for NTEE category E80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Springside At Seneca Hill Inc located?
Springside At Seneca Hill Inc is headquartered in Oswego, New York and files with the IRS under EIN 161555935. It is classified under NTEE code E80.
How many years of IRS 990 filings does Springside At Seneca Hill Inc have?
Springside At Seneca Hill 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 $1.7M in total revenue.
How does Springside At Seneca Hill Inc. manage to operate without reporting any officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive salaries are embedded within other expense categories, which could impact the perceived transparency of compensation practices.
What is the specific nature of Springside At Seneca Hill Inc.'s program services given its NTEE code E80 (Nursing Facilities)?
While the NTEE code E80 indicates Nursing Facilities, the 990 data alone doesn't detail the specific programs. Further investigation into their mission statement and program descriptions would clarify how their expenses translate into direct services for residents.
Are the liabilities primarily related to long-term debt or operational obligations?
With liabilities consistently around $3.3 to $4.8 million against assets of $4.5 to $5.5 million, understanding the composition of these liabilities (e.g., mortgages, bonds, or operational payables) is crucial for a complete financial risk assessment.
Filing History
IRS 990 filing history for Springside At Seneca Hill Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Springside At Seneca Hill Inc's revenue has grown by 29.2%, moving from $1.3M to $1.6M. Total assets decreased by 10.5% over the same period, from $5.5M to $4.9M. Total functional expenses rose by 34.6%, from $1.2M to $1.6M. In its most recent filing year (2023), Springside At Seneca Hill Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $3.4M in liabilities against $4.9M in assets (debt-to-asset ratio: 70.0%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $4.9M | $3.4M | — | — |
| 2022 | $1.5M | $1.5M | $4.8M | $3.4M | — | View 990 |
| 2021 | $1.7M | $1.4M | $4.9M | $3.5M | — | View 990 |
| 2020 | $1.6M | $1.4M | $4.6M | $3.5M | — | View 990 |
| 2019 | $1.6M | $1.4M | $4.7M | $3.8M | — | View 990 |
| 2018 | $1.6M | $1.4M | $4.7M | $4.0M | — | View 990 |
| 2017 | $1.4M | $1.5M | $4.6M | $4.0M | — | View 990 |
| 2016 | $1.4M | $1.3M | $5.0M | $4.3M | — | View 990 |
| 2015 | $1.3M | $1.3M | $5.3M | $4.8M | — | View 990 |
| 2014 | $1.4M | $1.3M | $5.5M | $4.9M | — | View 990 |
| 2013 | $1.3M | $1.2M | $5.5M | $5.1M | — | View 990 |
| 2012 | $1.3M | $1.2M | $5.5M | $5.2M | — | View 990 |
| 2011 | $1.3M | $1.2M | $5.5M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $4.9M (revenue +5.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $4.8M (revenue -6.9% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.4M, and assets of $4.9M (revenue +3.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.4M, and assets of $4.6M (revenue +2.6% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $4.7M (revenue -1.9% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.4M, and assets of $4.7M (revenue +15.4% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $4.6M (revenue -5.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $5.0M (revenue +7.4% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $5.3M (revenue -3.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $5.5M (revenue +4.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $5.5M (revenue +0.8% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $5.5M (revenue +5.5% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $5.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springside At Seneca Hill Inc:
Data Sources and Methodology
This transparency report for Springside At Seneca Hill 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.