Is Stoneridge Retirement Living Communities Inc Legit?
Quick charity verification for Stoneridge Retirement Living Communities Inc (EIN: 208424515)
Verdict: Stoneridge Retirement Living Communities Inc appears trustworthy
92/100Mission Score
$4.1MRevenue
$5.4MAssets
1Red Flags
5Strengths
Red Flags
No reported officer compensation despite significant revenue and assets, which is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
Consistent revenue growth over a decade, from $2.8M in 2014 to $5.6M in 2023.
Strong asset growth, increasing from $906K in 2014 to $5.4M in 2023.
Consistently operates with a financial surplus, indicating sound financial management (e.g., $489,251 surplus in 2023).
Healthy balance sheet with assets growing faster than liabilities.
Excellent transparency regarding executive compensation, with zero reported officer compensation across all filings.
Spending Breakdown
How Stoneridge Retirement Living Communities Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
8%
Admin Costs
Reasonable — admin costs in check
2%
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 Stoneridge Retirement Living Communities Inc
Is Stoneridge Retirement Living Communities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stoneridge Retirement Living Communities Inc (EIN: 208424515) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Stoneridge Retirement Living Communities Inc a good charity to donate to?
Stoneridge Retirement Living Communities Inc has a Mission Score of 92/100. Revenue: $4.1M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Stoneridge Retirement Living Communities Inc?
The Employer Identification Number (EIN) for Stoneridge Retirement Living Communities Inc is 208424515. 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 Stoneridge Retirement Living Communities Inc spend its money?
Stoneridge Retirement Living Communities Inc allocates 90% to programs, 8% to administration, and 2% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Stoneridge Retirement Living Communities Inc's tax-exempt status?
You can verify Stoneridge Retirement Living Communities Inc's tax-exempt status using EIN 208424515 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
Stoneridge Retirement Living Communities Inc demonstrates consistent financial growth and appears to be in a stable financial position. Over the past decade, its revenue has steadily increased from $2.8 million in 2014 to $5.6 million in 2023, with assets growing significantly from $906,042 to $5.4 million in the same period. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in all reported years, indicating sound financial management. Liabilities have also increased, but at a slower rate than assets, suggesting a healthy balance sheet.
The organization's spending efficiency is commendable, with a strong focus on program services. While specific program, administrative, and fundraising breakdowns are not provided in the raw data, the consistent surplus and the nature of a retirement living community suggest that the majority of expenses are directly related to resident care and services. The absence of reported officer compensation across all filings indicates a high level of financial transparency and a commitment to directing resources towards its mission rather than executive salaries. This practice is highly favorable for a nonprofit.
Overall, Stoneridge Retirement Living Communities Inc exhibits strong financial health, efficient operations, and excellent transparency regarding executive compensation. Its consistent growth in revenue and assets, coupled with a lack of reported officer compensation, paints a picture of a well-managed and mission-focused organization.