St Marthas Senior Housingcorporation
St Marthas Senior Housingcorporation consistently operates at a deficit, leading to declining assets and high liabilities.
EIN: 208088875 · Detroit, MI · NTEE: L220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $564K |
| Total Expenses | $722K |
| Program Spending | 80% |
| Net Assets | $-1,371,496 |
| Transparency Score | 55/100 |
Is St Marthas Senior Housingcorporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Marthas Senior Housingcorporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Marthas Senior Housingcorporation
St Marthas Senior Housingcorporation (EIN: 208088875) is a nonprofit organization based in Detroit, MI, classified under NTEE code L220. The organization reported total revenue of $564K and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Marthas Senior Housingcorporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Marthas Senior Housingcorporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $520K |
| Total Expenses | $722K |
| Surplus / Deficit | $-201,844 |
| Total Assets | $3.9M |
| Total Liabilities | $5.3M |
| Net Assets | $-1,371,496 |
| Operating Margin | -38.8% |
| Debt-to-Asset Ratio | 135.1% |
| Months of Reserves | 65.0 months |
Financial Health Grade: C
In 2023, St Marthas Senior Housingcorporation reported a deficit of $202K with expenses exceeding revenue, holds 65.0 months of operating reserves (strong position), has a debt-to-asset ratio of 135.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Marthas Senior Housingcorporation's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +17.1% | -3.6% |
| 2022 | +0.6% | -0.2% | -3.3% |
| 2021 | +3.9% | +3.6% | -3.1% |
| 2020 | -10.0% | +0.2% | -3.8% |
| 2019 | +21.4% | +7.8% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 St Marthas Senior Housingcorporation with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, St Marthas Senior Housingcorporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $202K, with expenses exceeding revenue.
- Debt-to-asset ratio: 135.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is positive for resource allocation given the organization's financial challenges.
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 St Marthas Senior Housingcorporation's IRS 990 filings:
- Consistent operating deficits (e.g., $201,844 deficit in 2023)
- Declining assets over the past decade (from $5.1M in 2014 to $3.9M in 2023)
- Liabilities consistently exceed assets (e.g., $5.28M liabilities vs. $3.91M assets in 2023)
Strengths
The following positive indicators were identified for St Marthas Senior Housingcorporation:
- No reported officer compensation, indicating efficient use of funds at the leadership level.
- Long operating history with 13 IRS 990 filings, suggesting established presence.
Frequently Asked Questions about St Marthas Senior Housingcorporation
Is St Marthas Senior Housingcorporation a legitimate charity?
Based on AI analysis of IRS 990 filings, St Marthas Senior Housingcorporation (EIN: 208088875) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does St Marthas Senior Housingcorporation spend its money?
St Marthas Senior Housingcorporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Marthas Senior Housingcorporation tax-deductible?
St Marthas Senior Housingcorporation is registered as a tax-exempt nonprofit (EIN: 208088875). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Marthas Senior Housingcorporation's spending goes to programs?
St Marthas Senior Housingcorporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Marthas Senior Housingcorporation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), St Marthas Senior Housingcorporation is near average for NTEE category L220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Marthas Senior Housingcorporation located?
St Marthas Senior Housingcorporation is headquartered in Detroit, Michigan and files with the IRS under EIN 208088875. It is classified under NTEE code L220.
How many years of IRS 990 filings does St Marthas Senior Housingcorporation have?
St Marthas Senior Housingcorporation 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 $564K in total revenue.
How does St Marthas Senior Housingcorporation cover its consistent operating deficits?
The organization appears to cover its deficits by drawing down assets and maintaining high liabilities. For example, in 2023, expenses ($722,229) significantly exceeded revenue ($520,385), and assets declined from $4,058,410 in 2022 to $3,910,967 in 2023.
What is the long-term sustainability outlook for St Marthas Senior Housingcorporation given its financial trends?
The long-term sustainability is concerning due to a decade of consistent operating deficits, declining assets (from $5.1M in 2014 to $3.9M in 2023), and liabilities consistently exceeding assets. This trend suggests a need for significant financial restructuring or increased revenue generation.
Are there any concerns about executive compensation?
No, there are no concerns about executive compensation as 0% officer compensation has been reported in all available filings, indicating that resources are not being diverted to high executive salaries.
Filing History
IRS 990 filing history for St Marthas Senior Housingcorporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Marthas Senior Housingcorporation's revenue has grown by 80.4%, moving from $288K to $520K. Total assets decreased by 27.7% over the same period, from $5.4M to $3.9M. Total functional expenses rose by 54.5%, from $467K to $722K. In its most recent filing year (2023), St Marthas Senior Housingcorporation reported a deficit of $202K, with expenses exceeding revenue. The organization holds $5.3M in liabilities against $3.9M in assets (debt-to-asset ratio: 135.1%), resulting in net assets of $-1,371,496.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $520K | $722K | $3.9M | $5.3M | — | View 990 |
| 2022 | $479K | $617K | $4.1M | $5.2M | — | View 990 |
| 2021 | $476K | $618K | $4.2M | $5.2M | — | View 990 |
| 2020 | $458K | $596K | $4.3M | $5.2M | — | View 990 |
| 2019 | $509K | $595K | $4.5M | $5.3M | — | View 990 |
| 2018 | $419K | $552K | $4.6M | $5.3M | — | View 990 |
| 2017 | $432K | $551K | $4.7M | $5.3M | — | View 990 |
| 2016 | $410K | $529K | $4.9M | $5.2M | — | View 990 |
| 2015 | $399K | $529K | $5.0M | $5.2M | — | View 990 |
| 2014 | $447K | $515K | $5.1M | $5.3M | — | View 990 |
| 2013 | $370K | $472K | $5.2M | $5.2M | — | View 990 |
| 2012 | $357K | $455K | $5.3M | $5.3M | — | View 990 |
| 2011 | $288K | $467K | $5.4M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $520K, expenses of $722K, and assets of $3.9M (revenue +8.7% year-over-year).
- 2022: Revenue of $479K, expenses of $617K, and assets of $4.1M (revenue +0.6% year-over-year).
- 2021: Revenue of $476K, expenses of $618K, and assets of $4.2M (revenue +3.9% year-over-year).
- 2020: Revenue of $458K, expenses of $596K, and assets of $4.3M (revenue -10.0% year-over-year).
- 2019: Revenue of $509K, expenses of $595K, and assets of $4.5M (revenue +21.4% year-over-year).
- 2018: Revenue of $419K, expenses of $552K, and assets of $4.6M (revenue -2.9% year-over-year).
- 2017: Revenue of $432K, expenses of $551K, and assets of $4.7M (revenue +5.3% year-over-year).
- 2016: Revenue of $410K, expenses of $529K, and assets of $4.9M (revenue +2.8% year-over-year).
- 2015: Revenue of $399K, expenses of $529K, and assets of $5.0M (revenue -10.8% year-over-year).
- 2014: Revenue of $447K, expenses of $515K, and assets of $5.1M (revenue +20.8% year-over-year).
- 2013: Revenue of $370K, expenses of $472K, and assets of $5.2M (revenue +3.8% year-over-year).
- 2012: Revenue of $357K, expenses of $455K, and assets of $5.3M (revenue +23.6% year-over-year).
- 2011: Revenue of $288K, expenses of $467K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Marthas Senior Housingcorporation:
Data Sources and Methodology
This transparency report for St Marthas Senior Housingcorporation 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.