Sterling Senior Housing
Sterling Senior Housing faces persistent operational deficits, leading to a steady decline in assets over the past decade.
EIN: 141866405 · Denver, CO · NTEE: L22 · Updated: 2026-03-28
Is Sterling Senior Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sterling Senior Housing directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sterling Senior Housing
Sterling Senior Housing (EIN: 141866405) is a nonprofit organization based in Denver, CO, classified under NTEE code L22. The organization reported total revenue of $223K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sterling Senior Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sterling Senior Housing is a small nonprofit that has been operating for 14 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $207K |
| Total Expenses | $287K |
| Surplus / Deficit | $-80,068 |
| Total Assets | $1.2M |
| Total Liabilities | $114K |
| Net Assets | $1.1M |
| Operating Margin | -38.6% |
| Debt-to-Asset Ratio | 9.6% |
| Months of Reserves | 49.2 months |
Financial Health Grade: B
In 2023, Sterling Senior Housing reported a deficit of $80K with expenses exceeding revenue, holds 49.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sterling Senior Housing's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.9% | +7.8% | -6.2% |
| 2022 | +6.7% | -1.0% | -5.4% |
| 2021 | -4.6% | +1.9% | -5.9% |
| 2020 | +0.1% | +0.6% | -5.3% |
| 2019 | +7.4% | +3.1% | -4.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Sterling Senior Housing 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, Sterling Senior Housing 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 $80K, with expenses exceeding revenue.
- Debt-to-asset ratio: 9.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for donor confidence and resource allocation directly to the mission.
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 Sterling Senior Housing's IRS 990 filings:
- Consistent operational deficits: Expenses have exceeded revenue in every reported year, leading to a cumulative loss.
- Declining asset base: Total assets have decreased by over $700,000 since 2014, indicating unsustainable spending.
- Lack of detailed expense breakdown: Without specific program, administrative, and fundraising percentages, it's hard to fully assess spending efficiency.
Strengths
The following positive indicators were identified for Sterling Senior Housing:
- No officer compensation: 0% officer compensation reported across all filings, indicating resources are not being used for executive salaries.
- Substantial asset base: Despite declines, the organization still holds over $1.1 million in assets, providing some buffer.
- Long operating history: 13 filings indicate a long-standing presence in the community.
Frequently Asked Questions about Sterling Senior Housing
Is Sterling Senior Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Sterling Senior Housing (EIN: 141866405) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Sterling Senior Housing spend its money?
Sterling Senior Housing directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sterling Senior Housing tax-deductible?
Sterling Senior Housing is registered as a tax-exempt nonprofit (EIN: 141866405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Sterling Senior Housing plan to address its consistent operational deficits?
The provided data shows a continuous trend of expenses exceeding revenue, with a $80,068 deficit in 2023. The organization needs a clear strategy to either increase funding or reduce operational costs to achieve financial sustainability.
What is the primary source of Sterling Senior Housing's revenue, and is it diversified?
The summary data does not specify revenue sources. Understanding if the revenue is diversified or heavily reliant on a single stream is crucial for assessing financial risk and stability, especially given the consistent deficits.
What are the specific program activities and their associated costs?
Without a detailed breakdown of expenses beyond total expenses, it's difficult to assess the efficiency and impact of the programs. A clearer picture of program spending versus administrative and fundraising costs is needed.
Why have the organization's assets been steadily declining over the past decade?
Assets have decreased from $1,891,773 in 2014 to $1,179,295 in 2023, directly correlating with the consistent operational deficits. The organization is drawing down its reserves to cover ongoing expenses.
Filing History
IRS 990 filing history for Sterling Senior Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sterling Senior Housing's revenue has grown by 78.4%, moving from $116K to $207K. Total assets decreased by 45.2% over the same period, from $2.2M to $1.2M. Total functional expenses rose by 55.3%, from $185K to $287K. In its most recent filing year (2023), Sterling Senior Housing reported a deficit of $80K, with expenses exceeding revenue. The organization holds $114K in liabilities against $1.2M in assets (debt-to-asset ratio: 9.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $207K | $287K | $1.2M | $114K | — | — |
| 2022 | $190K | $267K | $1.3M | $112K | — | View 990 |
| 2021 | $178K | $269K | $1.3M | $108K | — | View 990 |
| 2020 | $187K | $264K | $1.4M | $100K | — | View 990 |
| 2019 | $187K | $263K | $1.5M | $102K | — | View 990 |
| 2018 | $174K | $255K | $1.6M | $103K | — | View 990 |
| 2017 | $165K | $253K | $1.7M | $109K | — | View 990 |
| 2016 | $161K | $239K | $1.7M | $101K | — | View 990 |
| 2015 | $158K | $231K | $1.8M | $104K | — | View 990 |
| 2014 | $156K | $243K | $1.9M | $105K | — | View 990 |
| 2013 | $120K | $213K | $2.0M | $102K | — | View 990 |
| 2012 | $125K | $200K | $2.1M | $112K | — | View 990 |
| 2011 | $116K | $185K | $2.2M | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $207K, expenses of $287K, and assets of $1.2M (revenue +8.9% year-over-year).
- 2022: Revenue of $190K, expenses of $267K, and assets of $1.3M (revenue +6.7% year-over-year).
- 2021: Revenue of $178K, expenses of $269K, and assets of $1.3M (revenue -4.6% year-over-year).
- 2020: Revenue of $187K, expenses of $264K, and assets of $1.4M (revenue +0.1% year-over-year).
- 2019: Revenue of $187K, expenses of $263K, and assets of $1.5M (revenue +7.4% year-over-year).
- 2018: Revenue of $174K, expenses of $255K, and assets of $1.6M (revenue +5.5% year-over-year).
- 2017: Revenue of $165K, expenses of $253K, and assets of $1.7M (revenue +2.4% year-over-year).
- 2016: Revenue of $161K, expenses of $239K, and assets of $1.7M (revenue +2.0% year-over-year).
- 2015: Revenue of $158K, expenses of $231K, and assets of $1.8M (revenue +0.9% year-over-year).
- 2014: Revenue of $156K, expenses of $243K, and assets of $1.9M (revenue +30.8% year-over-year).
- 2013: Revenue of $120K, expenses of $213K, and assets of $2.0M (revenue -4.2% year-over-year).
- 2012: Revenue of $125K, expenses of $200K, and assets of $2.1M (revenue +7.4% year-over-year).
- 2011: Revenue of $116K, expenses of $185K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sterling Senior Housing:
Data Sources and Methodology
This transparency report for Sterling Senior Housing 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.