Carl Fenichel Community Services Inc
Carl Fenichel Community Services Inc shows recent asset growth and no reported officer compensation, but experienced past deficit spending and a large increase in liabilities.
EIN: 112449485 · Brooklyn, NY · NTEE: Z99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.8M |
| Total Expenses | $10.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $6.6M |
| Transparency Score | 70/100 |
Is Carl Fenichel Community Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carl Fenichel Community Services Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carl Fenichel Community Services Inc
Carl Fenichel Community Services Inc (EIN: 112449485) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code Z99. The organization reported total revenue of $11.8M and total assets of $39.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carl Fenichel Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carl Fenichel Community Services Inc is a large nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.4M |
| Total Expenses | $10.7M |
| Surplus / Deficit | +$636K |
| Total Assets | $41.0M |
| Total Liabilities | $34.4M |
| Net Assets | $6.6M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 83.8% |
| Months of Reserves | 45.8 months |
Financial Health Grade: A
In 2023, Carl Fenichel Community Services Inc reported a surplus of $636K with revenue exceeding expenses, holds 45.8 months of operating reserves (strong position), has a debt-to-asset ratio of 83.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Carl Fenichel Community Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +4.3% | +281.9% |
| 2022 | +69.5% | +5.1% | -12.4% |
| 2021 | -42.6% | -5.7% | -16.2% |
| 2020 | -53.3% | -10.4% | -1.7% |
| 2019 | +87.8% | +6.4% | +86.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Carl Fenichel Community Services 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Carl Fenichel Community Services 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 surplus of $636K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $11 million in annual revenue and suggests either volunteer leadership or compensation structured in a way not captured under 'officer compensation' on the 990.
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 Carl Fenichel Community Services Inc's IRS 990 filings:
- Generic NTEE code (Z99) limits understanding of programmatic focus.
- Significant increase in liabilities (from $4.7M to $34.3M) in 2023 without clear explanation in summary data.
- Past periods of significant deficit spending (e.g., 2021: $5.6M revenue vs. $9.7M expenses).
- Consistent 0% officer compensation for an organization of this size, which is unusual and warrants further scrutiny.
Strengths
The following positive indicators were identified for Carl Fenichel Community Services Inc:
- Strong asset growth in the most recent fiscal period (from $10.7M to $40.9M).
- Positive net income in the latest filing (2023: $11.3M revenue vs. $10.7M expenses).
- History of substantial revenue generation, consistently over $9 million in most years.
- No reported officer compensation, indicating potential for more resources directed to mission if leadership is truly unpaid.
Frequently Asked Questions about Carl Fenichel Community Services Inc
Is Carl Fenichel Community Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carl Fenichel Community Services Inc (EIN: 112449485) some concerns. Mission Score: 70/100. 4 red flags identified, 4 strengths noted.
How does Carl Fenichel Community Services Inc spend its money?
Carl Fenichel Community Services Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carl Fenichel Community Services Inc tax-deductible?
Carl Fenichel Community Services Inc is registered as a tax-exempt nonprofit (EIN: 112449485). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Carl Fenichel Community Services Inc CEO make?
Carl Fenichel Community Services Inc's highest-compensated officer earns $11 annually. The organization reported $11.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Carl Fenichel Community Services Inc's spending goes to programs?
Carl Fenichel Community Services Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carl Fenichel Community Services Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Carl Fenichel Community Services Inc is above average for NTEE category Z99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carl Fenichel Community Services Inc located?
Carl Fenichel Community Services Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112449485. It is classified under NTEE code Z99.
How many years of IRS 990 filings does Carl Fenichel Community Services Inc have?
Carl Fenichel Community Services 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 $11.8M in total revenue.
What caused the significant increase in assets from $10,731,263 in 2022 to $40,987,671 in 2023, and the corresponding increase in liabilities?
This dramatic change suggests a major capital acquisition, such as real estate or a large investment, likely financed by debt, given the parallel rise in liabilities from $4,744,608 to $34,364,755. Further details would be in the organization's financial statements or Part X of the 990.
How does Carl Fenichel Community Services Inc compensate its leadership if officer compensation is consistently reported as 0%?
It is highly uncommon for an organization of this size ($11M+ revenue) to report no officer compensation. This could mean leaders are volunteers, compensated as regular employees, or through related organizations, which would require deeper investigation into Schedule J or related party transactions.
What specific programs does the organization operate, given its generic NTEE code Z99?
The NTEE code Z99 is a placeholder for 'Unknown, Unclassified,' which provides no insight into the organization's mission or programs. More detailed information would be found in Part III of the IRS Form 990, 'Statement of Program Service Accomplishments'.
What is the organization's strategy for managing periods of deficit spending, as seen in 2021 and 2022?
In 2021, expenses exceeded revenue by over $4 million, and in 2022, by over $600,000. While the organization has reserves, understanding the causes of these deficits and the strategies to prevent them is crucial for long-term financial stability.
Filing History
IRS 990 filing history for Carl Fenichel Community Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Carl Fenichel Community Services Inc's revenue has grown by 12.8%, moving from $10.1M to $11.4M. Total assets increased by 1137.3% over the same period, from $3.3M to $41.0M. Total functional expenses rose by 2.2%, from $10.5M to $10.7M. In its most recent filing year (2023), Carl Fenichel Community Services Inc reported a surplus of $636K, with revenue exceeding expenses. The organization holds $34.4M in liabilities against $41.0M in assets (debt-to-asset ratio: 83.8%), resulting in net assets of $6.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.4M | $10.7M | $41.0M | $34.4M | — | — |
| 2022 | $9.7M | $10.3M | $10.7M | $4.7M | — | View 990 |
| 2021 | $5.7M | $9.8M | $12.3M | $5.7M | — | View 990 |
| 2020 | $9.9M | $10.4M | $14.6M | $4.0M | — | View 990 |
| 2019 | $21.3M | $11.6M | $14.9M | $3.7M | — | View 990 |
| 2018 | $11.3M | $10.9M | $8.0M | $6.5M | — | View 990 |
| 2017 | $10.4M | $10.3M | $6.6M | $5.5M | — | View 990 |
| 2016 | $9.8M | $10.5M | $6.4M | $5.4M | — | View 990 |
| 2015 | $10.5M | $11.1M | $6.9M | $4.4M | — | View 990 |
| 2014 | $10.3M | $10.2M | $7.4M | $4.3M | — | View 990 |
| 2013 | $10.5M | $9.7M | $8.2M | $5.1M | — | View 990 |
| 2012 | $10.6M | $9.9M | $8.1M | $5.9M | — | View 990 |
| 2011 | $10.1M | $10.5M | $3.3M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.4M, expenses of $10.7M, and assets of $41.0M (revenue +17.9% year-over-year).
- 2022: Revenue of $9.7M, expenses of $10.3M, and assets of $10.7M (revenue +69.5% year-over-year).
- 2021: Revenue of $5.7M, expenses of $9.8M, and assets of $12.3M (revenue -42.6% year-over-year).
- 2020: Revenue of $9.9M, expenses of $10.4M, and assets of $14.6M (revenue -53.3% year-over-year).
- 2019: Revenue of $21.3M, expenses of $11.6M, and assets of $14.9M (revenue +87.8% year-over-year).
- 2018: Revenue of $11.3M, expenses of $10.9M, and assets of $8.0M (revenue +9.2% year-over-year).
- 2017: Revenue of $10.4M, expenses of $10.3M, and assets of $6.6M (revenue +5.6% year-over-year).
- 2016: Revenue of $9.8M, expenses of $10.5M, and assets of $6.4M (revenue -6.6% year-over-year).
- 2015: Revenue of $10.5M, expenses of $11.1M, and assets of $6.9M (revenue +2.5% year-over-year).
- 2014: Revenue of $10.3M, expenses of $10.2M, and assets of $7.4M (revenue -2.4% year-over-year).
- 2013: Revenue of $10.5M, expenses of $9.7M, and assets of $8.2M (revenue -0.6% year-over-year).
- 2012: Revenue of $10.6M, expenses of $9.9M, and assets of $8.1M (revenue +4.8% year-over-year).
- 2011: Revenue of $10.1M, expenses of $10.5M, and assets of $3.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carl Fenichel Community Services Inc:
Data Sources and Methodology
This transparency report for Carl Fenichel Community Services 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.