Is Sunset Home Of Utica Legit?

Sunset Home Of Utica demonstrates consistent operational activity, with revenues and expenses generally in the range of $1.4M to $2M over the past decade. The organization has experienced a notable increase in revenue to $2,888,832 in its latest reported period, though the most recent 990 filing (202309) shows expenses exceeding revenue by approximately $362,687 ($2,017,750 expenses vs. $1,655,063 revenue). This trend of expenses often exceeding revenue has been observed in several past periods, leading to a gradual decline in assets from $4,618,066 in 2014 to $3,174,085 in 2023, while liabilities have remained high, often exceeding assets. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries, which is a positive indicator of financial stewardship and transparency. The organization's financial health, while stable in terms of consistent operations, shows a concerning trend of declining net assets due to recurring deficits. The high liabilities relative to assets, particularly in the 202309 period where liabilities ($4,450,203) significantly outweigh assets ($3,174,085), warrant closer examination. While the NTEE code P75Z suggests a focus on residential care, which can be capital-intensive, the long-term sustainability requires addressing the consistent operational deficits. The absence of officer compensation is a significant strength in terms of transparency and resource allocation.