Is Jeanne D Arc Residence Legit?

Jeanne D Arc Residence exhibits a concerning financial trend in its most recent filings. In 2023, the organization reported only $275 in revenue against $1,130,566 in expenses, leading to a significant deficit. This pattern of expenses vastly exceeding revenue is also evident in 2022 ($175 revenue vs. $1,693,895 expenses) and 2021 ($288,242 revenue vs. $1,396,366 expenses). This consistent operational deficit raises serious questions about the sustainability of its financial model and its ability to fund its programs long-term. The organization's liabilities have also significantly increased in recent years, reaching $2,712,384 in 2023, far exceeding its assets of $554,328, indicating potential solvency issues. The lack of reported officer compensation across all available filings suggests either a fully volunteer-led executive team or that compensation is reported under other expense categories, which could impact transparency regarding leadership costs. Given the substantial expenses, further clarity on how these funds are allocated between program services, administrative overhead, and fundraising would be crucial for assessing spending efficiency. The NTEE code P70Z (Nursing Facilities) suggests a mission that typically involves significant operational costs, making the revenue shortfall particularly alarming.