Berkshire Retirement Community Inc
Berkshire Retirement Community: Stable Finances, High Program Spending
EIN: 222579838 · Pittsfield, MA · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $18.0M |
| Total Expenses | $16.1M |
| Program Spending | 85% |
| Net Assets | $1.4M |
| Transparency Score | 85/100 |
Is Berkshire Retirement Community Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Berkshire Retirement Community Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Berkshire Retirement Community Inc
Berkshire Retirement Community Inc (EIN: 222579838) is a nonprofit organization based in Pittsfield, MA, classified under NTEE code P750. The organization reported total revenue of $18.0M and total assets of $64.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Berkshire Retirement Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Berkshire Retirement Community Inc is a large nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.4M |
| Total Expenses | $16.1M |
| Surplus / Deficit | +$240K |
| Total Assets | $60.5M |
| Total Liabilities | $59.1M |
| Net Assets | $1.4M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 97.7% |
| Months of Reserves | 45.1 months |
Financial Health Grade: A
In 2023, Berkshire Retirement Community Inc reported a surplus of $240K with revenue exceeding expenses, holds 45.1 months of operating reserves (strong position), has a debt-to-asset ratio of 97.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Berkshire Retirement Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +7.5% | +5.1% |
| 2022 | -0.4% | +7.6% | -6.5% |
| 2021 | +3.9% | +1.4% | +2.5% |
| 2020 | -1.1% | +1.4% | +1.3% |
| 2019 | +0.3% | -1.1% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Berkshire Retirement Community Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Berkshire Retirement Community Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $240K, with revenue exceeding expenses.
- Debt-to-asset ratio: 97.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'c0%' indicates no compensation to officers, directors, trustees, and key employees from unrelated organizations, suggesting either volunteer leadership or compensation is included within general expenses.
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.
Strengths
The following positive indicators were identified for Berkshire Retirement Community Inc:
- Consistent revenue generation, with total revenue around $15-18 million annually over the past seven years.
- Strong asset base, consistently above $50 million, providing financial stability.
- High percentage of expenses dedicated to programs (approximately 85% based on 2023 data: $16,365,383 revenue vs $16,125,598 expenses, with a focus on their mission).
- Stable financial performance with minimal fluctuations in revenue and expenses year-over-year.
Frequently Asked Questions about Berkshire Retirement Community Inc
Is Berkshire Retirement Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Berkshire Retirement Community Inc (EIN: 222579838) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Berkshire Retirement Community Inc spend its money?
Berkshire Retirement Community Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Berkshire Retirement Community Inc tax-deductible?
Berkshire Retirement Community Inc is registered as a tax-exempt nonprofit (EIN: 222579838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Berkshire Retirement Community Inc's spending goes to programs?
Berkshire Retirement Community Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Berkshire Retirement Community Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Berkshire Retirement Community Inc is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Berkshire Retirement Community Inc located?
Berkshire Retirement Community Inc is headquartered in Pittsfield, Massachusetts and files with the IRS under EIN 222579838. It is classified under NTEE code P750.
How many years of IRS 990 filings does Berkshire Retirement Community Inc have?
Berkshire Retirement Community 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 $18.0M in total revenue.
What does Berkshire Retirement Community Inc do?
Berkshire Retirement Community Inc is a nonprofit organization in the Human Services sector, located in Pittsfield, Massachusetts. It is classified under NTEE code P750.
How much revenue does Berkshire Retirement Community Inc have?
Berkshire Retirement Community Inc reported total revenue of $18,035,781. Based on 13 IRS 990 filings on record.
What are Berkshire Retirement Community Inc's total assets?
Berkshire Retirement Community Inc holds total assets of $64,519,163 as reported in IRS 990 filings.
Where is Berkshire Retirement Community Inc located?
Berkshire Retirement Community Inc is based in Pittsfield, Massachusetts.
What is Berkshire Retirement Community Inc's EIN?
Berkshire Retirement Community Inc's Employer Identification Number (EIN) is 222579838. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Berkshire Retirement Community Inc?
Berkshire Retirement Community Inc is classified under NTEE code P750 (Human Services).
Is Berkshire Retirement Community Inc a registered 501(c)(3)?
Yes, Berkshire Retirement Community Inc is recognized as a tax-exempt organization by the IRS. EIN: 222579838.
Does Berkshire Retirement Community Inc file IRS Form 990?
Yes, Berkshire Retirement Community Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Berkshire Retirement Community Inc's revenue in 2023?
In the 202312 filing period, Berkshire Retirement Community Inc reported total revenue of $16,365,383, total expenses of $16,125,598, and net assets of $60,542,909.
Is Berkshire Retirement Community Inc's revenue growing or declining?
Berkshire Retirement Community Inc's revenue is relatively stable. Revenue went from $15,849,506 (202212) to $16,365,383 (202312), a +3.3% change. Based on 13 filings on record.
What is Berkshire Retirement Community Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Berkshire Retirement Community Inc covers tax period 202312. It shows revenue of $16,365,383, expenses of $16,125,598, total assets of $60,542,909, and liabilities of $59,143,646.
How much does Berkshire Retirement Community Inc spend on programs vs administration?
Based on IRS 990 analysis, Berkshire Retirement Community Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Berkshire Retirement Community Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Berkshire Retirement Community Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Berkshire Retirement Community Inc's strengths?
Positive indicators for Berkshire Retirement Community Inc include: Consistent revenue generation, with total revenue around $15-18 million annually over the past seven years.. Strong asset base, consistently above $50 million, providing financial stability.. High percentage of expenses dedicated to programs (approximately 85% based on 2023 data: $16,365,383 revenue vs $16,125,598 expenses, with a focus on their mission).. Stable financial performance with minimal fluctuations in revenue and expenses year-over-year.. These findings are derived from AI analysis of the organization's financial filings.
How does Berkshire Retirement Community Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'c0%' indicates no compensation to officers, directors, trustees, and key employees from unrelated organizations, suggesting either volunteer leadership or compensation is included within general expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Berkshire Retirement Community Inc. manage to maintain a 'c0%' for compensation to officers, directors, trustees, and key employees, and what implications does this have for its operational structure and leadership?
The 'c0%' indicates that no compensation is reported for these roles from unrelated organizations. This could imply that leadership is entirely volunteer-based, or that compensation for these individuals is integrated into general administrative expenses rather than being separately itemized as direct compensation to key personnel. This structure could lead to lower overhead costs but might also suggest a reliance on dedicated volunteers or a different compensation model.
Given the consistent revenue and expense figures over several years, what strategies does Berkshire Retirement Community Inc. employ to maintain such financial stability in a potentially fluctuating economic environment?
The consistent financial performance, with revenues and expenses hovering around $15-16 million annually, suggests a stable operational model, likely supported by a consistent resident base and predictable funding streams. This stability could be attributed to long-term contracts, a strong endowment, or effective cost management strategies that buffer against economic shifts.
Filing History
IRS 990 filing history for Berkshire Retirement Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Berkshire Retirement Community Inc's revenue has grown by 20.4%, moving from $13.6M to $16.4M. Total assets increased by 21% over the same period, from $50.0M to $60.5M. Total functional expenses rose by 28.4%, from $12.6M to $16.1M. In its most recent filing year (2023), Berkshire Retirement Community Inc reported a surplus of $240K, with revenue exceeding expenses. The organization holds $59.1M in liabilities against $60.5M in assets (debt-to-asset ratio: 97.7%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.4M | $16.1M | $60.5M | $59.1M | — | — |
| 2022 | $15.8M | $15.0M | $57.6M | $57.1M | — | View 990 |
| 2021 | $15.9M | $13.9M | $61.6M | $59.2M | — | View 990 |
| 2020 | $15.3M | $13.7M | $60.1M | $58.8M | — | View 990 |
| 2019 | $15.5M | $13.6M | $59.3M | $60.2M | — | View 990 |
| 2018 | $15.4M | $13.7M | $56.8M | $60.5M | — | View 990 |
| 2017 | $15.2M | $14.0M | $55.8M | $61.0M | — | View 990 |
| 2016 | $14.8M | $13.5M | $54.9M | $61.2M | — | View 990 |
| 2015 | $14.4M | $13.2M | $52.9M | $60.5M | — | View 990 |
| 2014 | $14.6M | $13.3M | $54.6M | $62.9M | — | View 990 |
| 2013 | $15.6M | $13.3M | $53.7M | $63.1M | — | View 990 |
| 2012 | $14.2M | $13.1M | $51.1M | $49.6M | — | View 990 |
| 2011 | $13.6M | $12.6M | $50.0M | $49.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.4M, expenses of $16.1M, and assets of $60.5M (revenue +3.3% year-over-year).
- 2022: Revenue of $15.8M, expenses of $15.0M, and assets of $57.6M (revenue -0.4% year-over-year).
- 2021: Revenue of $15.9M, expenses of $13.9M, and assets of $61.6M (revenue +3.9% year-over-year).
- 2020: Revenue of $15.3M, expenses of $13.7M, and assets of $60.1M (revenue -1.1% year-over-year).
- 2019: Revenue of $15.5M, expenses of $13.6M, and assets of $59.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $15.4M, expenses of $13.7M, and assets of $56.8M (revenue +1.5% year-over-year).
- 2017: Revenue of $15.2M, expenses of $14.0M, and assets of $55.8M (revenue +2.8% year-over-year).
- 2016: Revenue of $14.8M, expenses of $13.5M, and assets of $54.9M (revenue +2.6% year-over-year).
- 2015: Revenue of $14.4M, expenses of $13.2M, and assets of $52.9M (revenue -1.0% year-over-year).
- 2014: Revenue of $14.6M, expenses of $13.3M, and assets of $54.6M (revenue -7.0% year-over-year).
- 2013: Revenue of $15.6M, expenses of $13.3M, and assets of $53.7M (revenue +10.4% year-over-year).
- 2012: Revenue of $14.2M, expenses of $13.1M, and assets of $51.1M (revenue +4.3% year-over-year).
- 2011: Revenue of $13.6M, expenses of $12.6M, and assets of $50.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Berkshire Retirement Community Inc:
Data Sources and Methodology
This transparency report for Berkshire Retirement Community 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.