Is Ferncliff Manor Inc Legit?

Ferncliff Manor Inc. demonstrates a strong and consistent growth trajectory in its financial health over the past decade, with revenue increasing from $101,696 in 2014 to $4,770,361 in 2023, and assets growing from $128,940 to $6,694,790 in the same period. The organization consistently reports expenses significantly lower than its revenue, indicating efficient management and a healthy accumulation of net assets. For instance, in 2023, expenses were $4,212,296 against $4,770,361 in revenue, resulting in a surplus of over half a million dollars. This consistent surplus contributes to its growing asset base, which now stands at $7,217,351. The organization's spending efficiency appears robust, as evidenced by the consistent positive net income. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial performance suggests a well-managed operation. The absence of reported officer compensation across all available filings is a significant indicator of transparency and a commitment to directing resources towards its mission, rather than executive salaries. This practice enhances public trust and suggests a high degree of financial prudence. Overall, Ferncliff Manor Inc. exhibits strong financial health, marked by substantial growth in revenue and assets, consistent operational surpluses, and a notable commitment to transparency through its zero-reported officer compensation. These factors collectively paint a picture of a financially sound and responsibly managed nonprofit.