Capital Region Geriatric Center Inc

Capital Region Geriatric Center Inc. reports recent operating deficits despite a history of financial stability and zero officer compensation.

EIN: 141701597 · Cohoes, NY · Updated: 2026-03-28

$27.2MRevenue

$37.5MAssets

75/100Mission Score (Good)

About Capital Region Geriatric Center Inc

Capital Region Geriatric Center Inc (EIN: 141701597) is a nonprofit organization based in Cohoes, NY. The organization reported total revenue of $27.2M and total assets of $37.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Capital Region Geriatric Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Capital Region Geriatric Center Inc. demonstrates a consistent operational history, with revenues generally exceeding expenses in most years, indicating a stable financial position. However, the most recent filings (2022 and 2023) show expenses exceeding revenue, with a deficit of $2,922,544 in 2023 and $2,602,934 in 2022. This trend warrants close monitoring as sustained deficits could impact long-term financial health. The organization's assets have also seen a decline from a peak of $53,463,451 in 2020 to $39,734,550 in 2023, while liabilities have decreased from $24,847,844 in 2020 to $18,963,319 in 2023, suggesting some balance sheet restructuring or asset utilization.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation across all available filings is a significant positive indicator for transparency and efficient use of funds, suggesting that leadership is not drawing salaries from the organization. This practice can free up more resources for direct program services.

Overall, while the recent operating deficits are a concern, the historical financial stability and the complete absence of officer compensation are strong points. Further analysis would require detailed expense breakdowns to fully evaluate program efficiency and administrative overhead. The decline in assets alongside a reduction in liabilities suggests a managed financial adjustment, but the recent negative operating margins need to be addressed to ensure future sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Capital Region Geriatric Center 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, Capital Region Geriatric Center 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is a highly positive sign for resource allocation and transparency.

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 Capital Region Geriatric Center Inc's IRS 990 filings:

Expenses exceeded revenue in the last two fiscal periods (2022 and 2023), indicating recent operating deficits.
Significant decline in total assets from $53,463,451 in 2020 to $39,734,550 in 2023 without clear explanation in summary data.

Strengths

The following positive indicators were identified for Capital Region Geriatric Center Inc:

Consistent reporting of 0% officer compensation across all available filings, indicating strong financial stewardship regarding executive pay.
Historically stable financial operations with revenues generally exceeding expenses prior to 2022.
Reduction in liabilities from $24,847,844 in 2020 to $18,963,319 in 2023, improving the organization's financial leverage.

Frequently Asked Questions about Capital Region Geriatric Center Inc

Why have expenses exceeded revenue in the last two fiscal periods (2022 and 2023)?

The filings show expenses of $25,816,130 against revenue of $22,893,586 in 2023, and expenses of $23,678,767 against revenue of $21,075,833 in 2022, resulting in deficits. The specific reasons for these deficits are not detailed in the summary data but warrant further investigation.

What is the detailed breakdown of program, administrative, and fundraising expenses?

The provided summary data does not include a detailed breakdown of how expenses are allocated between programs, administration, and fundraising. This information is crucial for a comprehensive assessment of spending efficiency.

What caused the decline in total assets from $53,463,451 in 2020 to $39,734,550 in 2023?

The organization's assets have decreased by over $13 million in three years. While liabilities also decreased, the specific reasons for the asset reduction, such as asset sales, depreciation, or investment performance, are not detailed in the summary.

Filing History

IRS 990 filing history for Capital Region Geriatric Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Capital Region Geriatric Center Inc's revenue has grown by 13%, moving from $20.3M to $22.9M. Total assets decreased by 21.8% over the same period, from $50.8M to $39.7M. Total functional expenses rose by 35.2%, from $19.1M to $25.8M. In its most recent filing year (2023), Capital Region Geriatric Center Inc reported a deficit of $2.9M, with expenses exceeding revenue. The organization holds $19.0M in liabilities against $39.7M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $20.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$22.9M	$25.8M	$39.7M	$19.0M	—	—
2022	$21.1M	$23.7M	$43.3M	$20.1M	—	View 990
2021	$23.2M	$23.7M	$50.4M	$22.4M	—	View 990
2020	$26.6M	$24.9M	$53.5M	$24.8M	—	View 990
2019	$26.7M	$25.1M	$52.1M	$25.6M	—	View 990
2018	$26.7M	$24.8M	$50.7M	$26.3M	—	View 990
2017	$25.1M	$23.2M	$50.9M	$26.8M	—	View 990
2016	$25.1M	$22.7M	$49.5M	$27.9M	—	View 990
2015	$23.0M	$20.7M	$48.3M	$28.4M	—	View 990
2014	$21.7M	$20.8M	$48.9M	$30.6M	—	View 990
2013	$21.4M	$20.5M	$52.5M	$36.5M	—	View 990
2012	$20.8M	$20.4M	$51.4M	$38.3M	—	View 990
2011	$20.3M	$19.1M	$50.8M	$37.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $22.9M, expenses of $25.8M, and assets of $39.7M (revenue +8.6% year-over-year).
2022: Revenue of $21.1M, expenses of $23.7M, and assets of $43.3M (revenue -9.2% year-over-year).
2021: Revenue of $23.2M, expenses of $23.7M, and assets of $50.4M (revenue -12.8% year-over-year).
2020: Revenue of $26.6M, expenses of $24.9M, and assets of $53.5M (revenue -0.5% year-over-year).
2019: Revenue of $26.7M, expenses of $25.1M, and assets of $52.1M (revenue +0.0% year-over-year).
2018: Revenue of $26.7M, expenses of $24.8M, and assets of $50.7M (revenue +6.6% year-over-year).
2017: Revenue of $25.1M, expenses of $23.2M, and assets of $50.9M (revenue +0.0% year-over-year).
2016: Revenue of $25.1M, expenses of $22.7M, and assets of $49.5M (revenue +9.0% year-over-year).
2015: Revenue of $23.0M, expenses of $20.7M, and assets of $48.3M (revenue +6.2% year-over-year).
2014: Revenue of $21.7M, expenses of $20.8M, and assets of $48.9M (revenue +1.0% year-over-year).
2013: Revenue of $21.4M, expenses of $20.5M, and assets of $52.5M (revenue +2.9% year-over-year).
2012: Revenue of $20.8M, expenses of $20.4M, and assets of $51.4M (revenue +2.9% year-over-year).
2011: Revenue of $20.3M, expenses of $19.1M, and assets of $50.8M.

Data Sources and Methodology

This transparency report for Capital Region Geriatric Center 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.