Belle Harbor Home Of The Sages Inc
Belle Harbor Home Of The Sages Inc faces recent deficits despite consistent revenue and zero executive compensation.
EIN: 112447770 · Belle Harbor, NY · NTEE: L220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $3.5M |
| Program Spending | 80% |
| Net Assets | $4.4M |
| Transparency Score | 75/100 |
Is Belle Harbor Home Of The Sages Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Belle Harbor Home Of The Sages Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Belle Harbor Home Of The Sages Inc
Belle Harbor Home Of The Sages Inc (EIN: 112447770) is a nonprofit organization based in Belle Harbor, NY, classified under NTEE code L220. The organization reported total revenue of $2.3M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belle Harbor Home Of The Sages Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Belle Harbor Home Of The Sages Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-1,325,000 |
| Total Assets | $4.5M |
| Total Liabilities | $95K |
| Net Assets | $4.4M |
| Operating Margin | -60.6% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 15.4 months |
Financial Health Grade: B
In 2023, Belle Harbor Home Of The Sages Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 15.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Belle Harbor Home Of The Sages Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.5% | +44.3% | -22.7% |
| 2022 | -25.8% | -18.3% | -7.5% |
| 2021 | +40.1% | +4.5% | -7.6% |
| 2020 | -15.0% | +6.8% | -1.1% |
| 2019 | -2.1% | +10.5% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Belle Harbor Home Of The Sages Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Belle Harbor Home Of The Sages Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Belle Harbor Home Of The Sages Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($1,325,000)
- Expenses consistently exceeding revenue in multiple recent years (2019, 2020, 2022, 2023)
- Lack of detailed functional expense breakdown in provided data
Strengths
The following positive indicators were identified for Belle Harbor Home Of The Sages Inc:
- Consistent revenue generation over the past decade
- Zero officer compensation reported across all filings
- Maintains a healthy asset base relative to its revenue
Frequently Asked Questions about Belle Harbor Home Of The Sages Inc
Is Belle Harbor Home Of The Sages Inc a legitimate charity?
Belle Harbor Home Of The Sages Inc (EIN: 112447770) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Belle Harbor Home Of The Sages Inc spend its money?
Belle Harbor Home Of The Sages Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Belle Harbor Home Of The Sages Inc tax-deductible?
Belle Harbor Home Of The Sages Inc is registered as a tax-exempt nonprofit (EIN: 112447770). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Belle Harbor Home Of The Sages Inc's spending goes to programs?
Belle Harbor Home Of The Sages Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Belle Harbor Home Of The Sages Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Belle Harbor Home Of The Sages Inc is above average for NTEE category L220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Belle Harbor Home Of The Sages Inc located?
Belle Harbor Home Of The Sages Inc is headquartered in Belle Harbor, New York and files with the IRS under EIN 112447770. It is classified under NTEE code L220.
How many years of IRS 990 filings does Belle Harbor Home Of The Sages Inc have?
Belle Harbor Home Of The Sages Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Why did expenses significantly exceed revenue in 2023 ($3,509,750 vs $2,184,750)?
The 2023 filing shows a substantial operating deficit. Further investigation into the specific expense categories for that year would be necessary to understand the cause, such as one-time capital expenditures or increased program costs.
What is the detailed functional expense breakdown for program, administrative, and fundraising costs?
The provided data lacks a detailed functional expense breakdown, which is crucial for a comprehensive assessment of spending efficiency. This information would typically be found in Part IX of the IRS Form 990.
How does the organization plan to address the trend of expenses exceeding revenue in recent years?
With expenses surpassing revenue in multiple recent periods (e.g., 2023, 2022, 2021, 2020, 2019), the organization should have a clear strategy to ensure long-term financial stability and sustainability.
Filing History
IRS 990 filing history for Belle Harbor Home Of The Sages Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Belle Harbor Home Of The Sages Inc's revenue has declined by 9.8%, moving from $2.4M to $2.2M. Total assets increased by 29.2% over the same period, from $3.5M to $4.5M. Total functional expenses rose by 78.2%, from $2.0M to $3.5M. In its most recent filing year (2023), Belle Harbor Home Of The Sages Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $95K in liabilities against $4.5M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $3.5M | $4.5M | $95K | — | View 990 |
| 2022 | $2.3M | $2.4M | $5.8M | $28K | — | View 990 |
| 2021 | $3.0M | $3.0M | $6.3M | $161K | — | View 990 |
| 2020 | $2.2M | $2.9M | $6.8M | $748K | — | View 990 |
| 2019 | $2.6M | $2.7M | $6.9M | $365K | — | View 990 |
| 2018 | $2.6M | $2.4M | $6.7M | $286K | — | View 990 |
| 2017 | $2.6M | $2.3M | $6.8M | $318K | — | View 990 |
| 2016 | $2.6M | $2.2M | $6.5M | $267K | — | View 990 |
| 2015 | $2.5M | $2.3M | $6.3M | $339K | — | View 990 |
| 2014 | $4.1M | $2.3M | $6.1M | $312K | — | View 990 |
| 2013 | $2.1M | $2.0M | $4.4M | $462K | — | View 990 |
| 2012 | $2.4M | $1.9M | $4.0M | $240K | — | View 990 |
| 2011 | $2.4M | $2.0M | $3.5M | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $3.5M, and assets of $4.5M (revenue -3.5% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.4M, and assets of $5.8M (revenue -25.8% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.0M, and assets of $6.3M (revenue +40.1% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.9M, and assets of $6.8M (revenue -15.0% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.7M, and assets of $6.9M (revenue -2.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.4M, and assets of $6.7M (revenue +1.8% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.3M, and assets of $6.8M (revenue -0.4% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.2M, and assets of $6.5M (revenue +3.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.3M, and assets of $6.3M (revenue -38.7% year-over-year).
- 2014: Revenue of $4.1M, expenses of $2.3M, and assets of $6.1M (revenue +95.9% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.0M, and assets of $4.4M (revenue -13.8% year-over-year).
- 2012: Revenue of $2.4M, expenses of $1.9M, and assets of $4.0M (revenue -0.7% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.0M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Belle Harbor Home Of The Sages Inc:
Data Sources and Methodology
This transparency report for Belle Harbor Home Of The Sages Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.