Is Cloverwood Senior Living Inc Legit? —…

Quick charity verification for Cloverwood Senior Living Inc (EIN: 161597251)

Spending Breakdown

How Cloverwood Senior Living Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Cloverwood Senior Living Inc

Is Cloverwood Senior Living Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Cloverwood Senior Living Inc (EIN: 161597251) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Cloverwood Senior Living Inc a good charity to donate to?

Cloverwood Senior Living Inc has a Mission Score of 70/100. Revenue: $25.3M. Assets: $48.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Cloverwood Senior Living Inc?

The Employer Identification Number (EIN) for Cloverwood Senior Living Inc is 161597251. 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 Cloverwood Senior Living Inc spend its money?

Cloverwood Senior Living Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Cloverwood Senior Living Inc's tax-exempt status?

You can verify Cloverwood Senior Living Inc's tax-exempt status using EIN 161597251 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

Cloverwood Senior Living Inc. demonstrates consistent operational activity, with revenues and expenses generally in balance over the past decade. For instance, in 2023, the organization reported revenues of $14,168,912 against expenses of $14,937,798, indicating a slight operational deficit. This trend of expenses closely tracking or slightly exceeding revenues is common for organizations providing direct services, especially in the senior living sector where costs can be high. The organization's assets have shown steady growth, reaching $46,497,607 in 2023, which is a positive indicator of long-term stability and investment in its facilities.

However, a significant concern is the organization's high liabilities relative to its assets. In 2023, liabilities stood at $67,149,134, substantially exceeding its $46,497,607 in assets. This indicates a reliance on debt financing, which could pose long-term financial risks if not managed effectively. The consistent reporting of 0% officer compensation across all available filings suggests either a volunteer-led executive team or that executive compensation is reported under different categories, which warrants further investigation for full transparency. Without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency.

Given the available data, Cloverwood Senior Living Inc. appears to be a stable, albeit debt-reliant, organization focused on its mission. The consistent asset growth and relatively stable revenue streams are positive. However, the high liabilities and the lack of detailed executive compensation and functional expense breakdowns in the provided summary limit a comprehensive assessment of its financial health and transparency. Further scrutiny of the full 990 forms would be necessary to understand the nature of its liabilities and spending allocations.

Is Cloverwood Senior Living Inc Legit?

Verdict: Cloverwood Senior Living Inc appears trustworthy

Red Flags

Strengths