Quick charity verification for Bronxwood Home For The Aged Inc (EIN: 132911684)
Verdict: Bronxwood Home For The Aged Inc appears trustworthy
70/100Mission Score
$13.6MRevenue
$6.6MAssets
4Red Flags
4Strengths
Red Flags
Significant historical financial volatility with large deficits in some years (e.g., 201709 expenses exceeded revenue by nearly $7 million).
Consistent decline in total assets from $15.4 million in 201509 to $8.7 million in 202309.
Unusual reporting of 0% officer compensation across all filings, which may obscure actual executive remuneration.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes full spending efficiency assessment difficult.
Strengths
Positive net income in the latest filing (202309), indicating a recent improvement in financial operations.
Reduction in liabilities from a peak of $9 million in 201809 to $6.1 million in 202309.
Long history of IRS 990 filings (13 filings), demonstrating consistent reporting.
Operating in a critical service area (Nursing Facilities - NTEE E910).
Spending Breakdown
How Bronxwood Home For The Aged Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bronxwood Home For The Aged Inc
Is Bronxwood Home For The Aged Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bronxwood Home For The Aged Inc (EIN: 132911684) appears trustworthy. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
Is Bronxwood Home For The Aged Inc a good charity to donate to?
Bronxwood Home For The Aged Inc has a Mission Score of 70/100. Revenue: $13.6M. Assets: $6.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bronxwood Home For The Aged Inc?
The Employer Identification Number (EIN) for Bronxwood Home For The Aged Inc is 132911684. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bronxwood Home For The Aged Inc spend its money?
Bronxwood Home For The Aged Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bronxwood Home For The Aged Inc's tax-exempt status?
You can verify Bronxwood Home For The Aged Inc's tax-exempt status using EIN 132911684 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bronxwood Home For The Aged Inc demonstrates a fluctuating financial performance over the past decade. While the organization reported a positive net income in its latest filing (202309) with revenues of $11,634,632 exceeding expenses of $11,235,040, it has experienced periods of significant deficits, notably in 201709 where expenses ($26,726,644) far outstripped revenues ($19,754,878). The organization's assets have also seen a decline from a high of $15,487,152 in 201509 to $8,742,272 in 202309, though liabilities have also decreased from a peak of $9,028,259 in 201809 to $6,144,361 in 202309. This indicates a period of financial restructuring or operational changes.
The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, or that executive compensation is not reported in a way that is captured by this metric, which warrants further investigation. The NTEE code E910 (Nursing Facilities) suggests a focus on direct program services. Without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency. However, the consistent reporting of financial data over many years contributes positively to transparency.
Overall, the organization appears to be stabilizing after a period of significant financial volatility. The recent positive net income and reduction in liabilities are encouraging signs. However, the substantial decrease in assets over time and the lack of detailed expense breakdowns in the provided data make a comprehensive assessment of long-term financial health and spending efficiency difficult without further information.