Is Fort Norfolk Retirement Community Inc…

Quick charity verification for Fort Norfolk Retirement Community Inc (EIN: 20601375)

Spending Breakdown

How Fort Norfolk Retirement Community 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 Fort Norfolk Retirement Community Inc

Is Fort Norfolk Retirement Community Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Fort Norfolk Retirement Community Inc (EIN: 20601375) shows mixed signals. Mission Score: 60/100. 4 red flags identified, 2 strengths noted.

Is Fort Norfolk Retirement Community Inc a good charity to donate to?

Fort Norfolk Retirement Community Inc has a Mission Score of 60/100. Revenue: $42.0M. Assets: $273.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Fort Norfolk Retirement Community Inc?

The Employer Identification Number (EIN) for Fort Norfolk Retirement Community Inc is 20601375. 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 Fort Norfolk Retirement Community Inc spend its money?

Fort Norfolk Retirement Community Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Fort Norfolk Retirement Community Inc's tax-exempt status?

You can verify Fort Norfolk Retirement Community Inc's tax-exempt status using EIN 20601375 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

Fort Norfolk Retirement Community Inc. demonstrates a consistent operational deficit in recent years, with expenses exceeding revenue. For instance, in 2023, expenses were $42,791,807 against revenues of $36,023,542, and in 2022, expenses were $41,173,772 against revenues of $31,116,999. This trend suggests a reliance on other funding sources or a draw on reserves to cover operational costs. The organization's assets have shown significant growth over the past decade, from $101,092,830 in 2014 to $282,393,903 in 2023, indicating substantial capital investment or asset appreciation. However, liabilities have also grown considerably, reaching $354,092,177 in 2023, which exceeds total assets and points to a potentially high debt burden.

The organization's spending efficiency is difficult to fully assess without a detailed functional expense breakdown (program, administrative, fundraising) from the provided data. However, the consistent operational deficits raise questions about long-term financial sustainability if not addressed. The consistent reporting of 0% officer compensation across all filings suggests that executive compensation is either not reported in this category or is genuinely zero, which is unusual for an organization of this size and could indicate a lack of transparency in compensation reporting or a unique operational model. Further investigation into the full 990 forms would be necessary to understand the complete financial picture and spending allocations.

Is Fort Norfolk Retirement Community Inc Legit?

Verdict: Fort Norfolk Retirement Community Inc shows mixed signals

Red Flags

Strengths