Bronxwood Home For The Aged Inc
Bronxwood Home For The Aged Inc shows recent financial stabilization after years of fluctuating revenues and declining assets.
EIN: 132911684 · Bronx, NY · NTEE: E910 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.6M |
| Total Expenses | $11.2M |
| Program Spending | 85% |
| Net Assets | $2.6M |
| Transparency Score | 70/100 |
Is Bronxwood Home For The Aged Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bronxwood Home For The Aged Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bronxwood Home For The Aged Inc
Bronxwood Home For The Aged Inc (EIN: 132911684) is a nonprofit organization based in Bronx, NY, classified under NTEE code E910. The organization reported total revenue of $13.6M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bronxwood Home For The Aged Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bronxwood Home For The Aged Inc is a large 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 -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.6M |
| Total Expenses | $11.2M |
| Surplus / Deficit | +$400K |
| Total Assets | $8.7M |
| Total Liabilities | $6.1M |
| Net Assets | $2.6M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 70.3% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Bronxwood Home For The Aged Inc reported a surplus of $400K with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 70.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bronxwood Home For The Aged Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.1% | +16.7% | -0.1% |
| 2022 | +8.3% | -0.4% | +1.6% |
| 2021 | -11.3% | +4.0% | -12.5% |
| 2020 | -56.6% | -56.6% | +1.1% |
| 2019 | +5.3% | -2.5% | -20.0% |
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 Bronxwood Home For The Aged Inc with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bronxwood Home For The Aged 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 $400K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which suggests either that no officers receive compensation or that compensation is reported under different categories, warranting further scrutiny for a complete understanding of executive pay practices relative to the organization's size and revenue.
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 Bronxwood Home For The Aged Inc's IRS 990 filings:
- Significant historical financial volatility with large deficits in some years (e.g., 201709 expenses exceeded revenue by nearly $7 million).
- Consistent decline in total assets from $15.4 million in 201509 to $8.7 million in 202309.
- Unusual reporting of 0% officer compensation across all filings, which may obscure actual executive remuneration.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data makes full spending efficiency assessment difficult.
Strengths
The following positive indicators were identified for Bronxwood Home For The Aged Inc:
- Positive net income in the latest filing (202309), indicating a recent improvement in financial operations.
- Reduction in liabilities from a peak of $9 million in 201809 to $6.1 million in 202309.
- Long history of IRS 990 filings (13 filings), demonstrating consistent reporting.
- Operating in a critical service area (Nursing Facilities - NTEE E910).
Frequently Asked Questions about Bronxwood Home For The Aged Inc
Is Bronxwood Home For The Aged Inc a legitimate charity?
Bronxwood Home For The Aged Inc (EIN: 132911684) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.6M. 4 red flags identified. 4 strengths noted. Financial health grade: A.
How does Bronxwood Home For The Aged Inc spend its money?
Bronxwood Home For The Aged Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bronxwood Home For The Aged Inc tax-deductible?
Bronxwood Home For The Aged Inc is registered as a tax-exempt nonprofit (EIN: 132911684). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bronxwood Home For The Aged Inc's spending goes to programs?
Bronxwood Home For The Aged Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bronxwood Home For The Aged Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bronxwood Home For The Aged Inc is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bronxwood Home For The Aged Inc located?
Bronxwood Home For The Aged Inc is headquartered in Bronx, New York and files with the IRS under EIN 132911684. It is classified under NTEE code E910.
How many years of IRS 990 filings does Bronxwood Home For The Aged Inc have?
Bronxwood Home For The Aged 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 $13.6M in total revenue.
Is Bronxwood Home For The Aged Inc financially stable for the long term?
While the latest filing (202309) shows a positive net income of approximately $400,000, the organization has experienced significant financial volatility and a decline in assets from over $15 million in 2015 to $8.7 million in 2023. Long-term stability requires consistent positive operating margins and asset growth or maintenance.
What caused the significant revenue and expense fluctuations between 2017 and 2019?
Revenue peaked at $21,921,928 in 201909 and expenses at $26,726,644 in 201709. These large swings suggest potential changes in operations, funding models, or significant one-time events that impacted the organization's financial activity during those periods.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all filings is unusual for an organization of this size and revenue. It could indicate that officers are volunteers, compensated through a related entity, or that compensation is categorized differently, requiring a deeper dive into the full IRS 990 forms.
How does the organization's program spending ratio compare to similar nursing facilities?
Without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, it's difficult to directly compare its spending efficiency to industry benchmarks for nursing facilities (NTEE E910).
Filing History
IRS 990 filing history for Bronxwood Home For The Aged Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bronxwood Home For The Aged Inc's revenue has declined by 11.9%, moving from $13.2M to $11.6M. Total assets decreased by 38.6% over the same period, from $14.2M to $8.7M. Total functional expenses fell by 20.7%, from $14.2M to $11.2M. In its most recent filing year (2023), Bronxwood Home For The Aged Inc reported a surplus of $400K, with revenue exceeding expenses. The organization holds $6.1M in liabilities against $8.7M in assets (debt-to-asset ratio: 70.3%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.6M | $11.2M | $8.7M | $6.1M | — | — |
| 2022 | $9.2M | $9.6M | $8.8M | $6.6M | — | View 990 |
| 2021 | $8.5M | $9.7M | $8.6M | $5.9M | — | View 990 |
| 2020 | $9.5M | $9.3M | $9.8M | $6.0M | — | View 990 |
| 2019 | $21.9M | $21.4M | $9.7M | $6.1M | — | View 990 |
| 2018 | $20.8M | $21.9M | $12.2M | $9.0M | — | View 990 |
| 2017 | $19.8M | $26.7M | $13.2M | $8.9M | — | View 990 |
| 2016 | $18.3M | $17.9M | $15.1M | $1.3M | — | View 990 |
| 2015 | $17.2M | $15.8M | $15.5M | $2.2M | — | View 990 |
| 2014 | $15.0M | $15.7M | $13.5M | $1.6M | — | View 990 |
| 2013 | $13.0M | $13.3M | $13.9M | $1.2M | — | View 990 |
| 2012 | $12.6M | $13.3M | $13.9M | $932K | — | View 990 |
| 2011 | $13.2M | $14.2M | $14.2M | $597K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.6M, expenses of $11.2M, and assets of $8.7M (revenue +27.1% year-over-year).
- 2022: Revenue of $9.2M, expenses of $9.6M, and assets of $8.8M (revenue +8.3% year-over-year).
- 2021: Revenue of $8.5M, expenses of $9.7M, and assets of $8.6M (revenue -11.3% year-over-year).
- 2020: Revenue of $9.5M, expenses of $9.3M, and assets of $9.8M (revenue -56.6% year-over-year).
- 2019: Revenue of $21.9M, expenses of $21.4M, and assets of $9.7M (revenue +5.3% year-over-year).
- 2018: Revenue of $20.8M, expenses of $21.9M, and assets of $12.2M (revenue +5.3% year-over-year).
- 2017: Revenue of $19.8M, expenses of $26.7M, and assets of $13.2M (revenue +7.7% year-over-year).
- 2016: Revenue of $18.3M, expenses of $17.9M, and assets of $15.1M (revenue +6.6% year-over-year).
- 2015: Revenue of $17.2M, expenses of $15.8M, and assets of $15.5M (revenue +14.5% year-over-year).
- 2014: Revenue of $15.0M, expenses of $15.7M, and assets of $13.5M (revenue +15.7% year-over-year).
- 2013: Revenue of $13.0M, expenses of $13.3M, and assets of $13.9M (revenue +3.3% year-over-year).
- 2012: Revenue of $12.6M, expenses of $13.3M, and assets of $13.9M (revenue -4.8% year-over-year).
- 2011: Revenue of $13.2M, expenses of $14.2M, and assets of $14.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bronxwood Home For The Aged Inc:
Data Sources and Methodology
This transparency report for Bronxwood Home For The Aged 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.