Brothers Of Mercy Sacred Heart Home Inc
Brothers Of Mercy Sacred Heart Home Inc. shows significant asset growth but faces periods of operating deficits and high liabilities.
EIN: 161082636 · Clarence, NY · NTEE: P700 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.2M |
| Total Expenses | $7.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $-1,686,240 |
| Transparency Score | 75/100 |
Is Brothers Of Mercy Sacred Heart Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brothers Of Mercy Sacred Heart Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brothers Of Mercy Sacred Heart Home Inc
Brothers Of Mercy Sacred Heart Home Inc (EIN: 161082636) is a nonprofit organization based in Clarence, NY, classified under NTEE code P700. The organization reported total revenue of $7.2M and total assets of $20.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brothers Of Mercy Sacred Heart Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brothers Of Mercy Sacred Heart Home Inc is a mid-size nonprofit that has been operating for 80 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.4M |
| Total Expenses | $7.4M |
| Surplus / Deficit | $-937,718 |
| Total Assets | $21.3M |
| Total Liabilities | $23.0M |
| Net Assets | $-1,686,240 |
| Operating Margin | -14.6% |
| Debt-to-Asset Ratio | 107.9% |
| Months of Reserves | 34.8 months |
Financial Health Grade: C
In 2023, Brothers Of Mercy Sacred Heart Home Inc reported a deficit of $938K with expenses exceeding revenue, holds 34.8 months of operating reserves (strong position), has a debt-to-asset ratio of 107.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Brothers Of Mercy Sacred Heart Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.3% | -1.1% | -9.8% |
| 2022 | +100.3% | +15.4% | +5.2% |
| 2021 | +104.8% | +114.4% | -5.6% |
| 2020 | -20.7% | +38.8% | +136.4% |
| 2019 | -27.6% | +4.1% | +340.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Brothers Of Mercy Sacred Heart Home 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Brothers Of Mercy Sacred Heart Home 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 deficit of $938K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% for officers across all available filings, indicating that no compensation was paid to officers, which is highly favorable for an organization of its size with over $7 million in annual 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 Brothers Of Mercy Sacred Heart Home Inc's IRS 990 filings:
- Liabilities frequently exceed assets, indicating potential solvency concerns (e.g., $23,016,305 liabilities vs. $21,330,065 assets in 2023).
- Consistent operating deficits in multiple years (e.g., $937,718 deficit in 2023, $2,100,000 deficit in 2021), suggesting expenses often outpace revenue.
- Significant volatility in annual revenue and expenses without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Brothers Of Mercy Sacred Heart Home Inc:
- Zero reported officer compensation across all filings, indicating a strong commitment to minimizing executive overhead.
- Substantial growth in assets from $66,729 in 2014 to over $20 million currently, suggesting significant investment or capital accumulation.
- Operating in the NTEE P700 category (Nursing Homes, Convalescent Homes) implies direct service provision, aligning with a clear charitable mission.
Frequently Asked Questions about Brothers Of Mercy Sacred Heart Home Inc
Is Brothers Of Mercy Sacred Heart Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brothers Of Mercy Sacred Heart Home Inc (EIN: 161082636) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Brothers Of Mercy Sacred Heart Home Inc spend its money?
Brothers Of Mercy Sacred Heart Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Brothers Of Mercy Sacred Heart Home Inc tax-deductible?
Brothers Of Mercy Sacred Heart Home Inc is registered as a tax-exempt nonprofit (EIN: 161082636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brothers Of Mercy Sacred Heart Home Inc CEO make?
Brothers Of Mercy Sacred Heart Home Inc's highest-compensated officer earns $7 annually. The organization reported $7.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brothers Of Mercy Sacred Heart Home Inc's spending goes to programs?
Brothers Of Mercy Sacred Heart Home Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brothers Of Mercy Sacred Heart Home Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Brothers Of Mercy Sacred Heart Home Inc is above average for NTEE category P700 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brothers Of Mercy Sacred Heart Home Inc located?
Brothers Of Mercy Sacred Heart Home Inc is headquartered in Clarence, New York and files with the IRS under EIN 161082636. It is classified under NTEE code P700.
How many years of IRS 990 filings does Brothers Of Mercy Sacred Heart Home Inc have?
Brothers Of Mercy Sacred Heart Home Inc has 14 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 $7.2M in total revenue.
Why did liabilities exceed assets in 2023 and other periods?
In 2023, liabilities were $23,016,305 while assets were $21,330,065, indicating a negative net asset position. This trend has been observed in several other years as well (e.g., 2022, 2021, 2020, 2017, 2016, 2015, 2014), suggesting potential long-term debt or other obligations that exceed current holdings.
What caused the significant revenue fluctuations, such as the jump from $2.1 million in 2020 to $8.7 million in 2022, then down to $6.4 million in 2023?
The revenue has shown considerable volatility, with a low of $1.7 million in 2016 and a high of $8.7 million in 2022. These large swings could be due to changes in funding sources, government reimbursements, or specific projects, and would require further detail from the organization's financial statements to understand fully.
How does the organization manage its operating deficits, such as the $937,718 deficit in 2023?
In 2023, expenses ($7,365,314) exceeded revenue ($6,427,596) by nearly $1 million. Similar deficits were observed in 2021, 2020, 2017, 2016, and 2014. Understanding how these deficits are covered (e.g., drawing from reserves, new financing) is crucial for assessing financial sustainability.
Filing History
IRS 990 filing history for Brothers Of Mercy Sacred Heart Home Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Brothers Of Mercy Sacred Heart Home Inc's revenue has grown by 252%, moving from $1.8M to $6.4M. Total assets increased by 24153.6% over the same period, from $88K to $21.3M. Total functional expenses rose by 310.7%, from $1.8M to $7.4M. In its most recent filing year (2023), Brothers Of Mercy Sacred Heart Home Inc reported a deficit of $938K, with expenses exceeding revenue. The organization holds $23.0M in liabilities against $21.3M in assets (debt-to-asset ratio: 107.9%), resulting in net assets of $-1,686,240.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.4M | $7.4M | $21.3M | $23.0M | — | — |
| 2022 | $8.7M | $7.4M | $23.6M | $24.1M | — | View 990 |
| 2021 | $4.4M | $6.5M | $22.5M | $24.2M | — | View 990 |
| 2020 | $2.1M | $3.0M | $23.8M | $23.6M | — | View 990 |
| 2019 | $2.7M | $2.2M | $10.1M | $9.1M | — | View 990 |
| 2018 | $3.7M | $2.1M | $2.3M | $1.7M | — | View 990 |
| 2017 | $1.7M | $1.8M | $210K | $1.4M | — | View 990 |
| 2016 | $1.7M | $1.7M | $75K | $1.2M | — | View 990 |
| 2015 | $1.8M | $1.7M | $54K | $1.1M | — | View 990 |
| 2014 | $1.7M | $1.8M | $67K | $1.3M | — | View 990 |
| 2013 | $1.8M | $1.8M | $162K | $1.3M | — | View 990 |
| 2012 | $1.9M | $1.8M | $89K | $1.3M | — | View 990 |
| 2011 | $1.9M | $1.8M | $64K | $1.3M | — | View 990 |
| 2010 | $1.8M | $1.8M | $88K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.4M, expenses of $7.4M, and assets of $21.3M (revenue -26.3% year-over-year).
- 2022: Revenue of $8.7M, expenses of $7.4M, and assets of $23.6M (revenue +100.3% year-over-year).
- 2021: Revenue of $4.4M, expenses of $6.5M, and assets of $22.5M (revenue +104.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $3.0M, and assets of $23.8M (revenue -20.7% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.2M, and assets of $10.1M (revenue -27.6% year-over-year).
- 2018: Revenue of $3.7M, expenses of $2.1M, and assets of $2.3M (revenue +114.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.8M, and assets of $210K (revenue +0.5% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $75K (revenue -3.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.7M, and assets of $54K (revenue +1.8% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $67K (revenue -3.5% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $162K (revenue -4.4% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.8M, and assets of $89K (revenue +1.6% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.8M, and assets of $64K (revenue +1.7% year-over-year).
- 2010: Revenue of $1.8M, expenses of $1.8M, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brothers Of Mercy Sacred Heart Home Inc:
Data Sources and Methodology
This transparency report for Brothers Of Mercy Sacred Heart Home 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.