Chapin Home For The Aging
Chapin Home For The Aging experiences declining assets and revenue shortfalls in recent years, maintaining 0% officer compensation.
EIN: 135601035 · Jamaica, NY · NTEE: E910 · Updated: 2026-03-28
Is Chapin Home For The Aging Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chapin Home For The Aging directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chapin Home For The Aging
Chapin Home For The Aging (EIN: 135601035) is a nonprofit organization based in Jamaica, NY, classified under NTEE code E910. The organization reported total revenue of $20.6M and total assets of $38.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chapin Home For The Aging's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chapin Home For The Aging 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, Chapin Home For The Aging 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
Executive compensation is reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization, which is highly unusual for an organization of its size with over $20 million in annual revenue and nearly $40 million in assets.
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 Chapin Home For The Aging's IRS 990 filings:
- Consistent decline in assets over recent years (from $66M in 2017 to $47M in 2022)
- Expenses frequently exceeding revenue in recent periods (e.g., 2022: $21.5M expenses vs. $19.6M revenue)
- Unusually low (0%) officer compensation for an organization of this size, which may warrant further inquiry into compensation structures.
Strengths
The following positive indicators were identified for Chapin Home For The Aging:
- Strong mission focus, indicated by NTEE code E910 for aging services.
- Consistent reporting of 0% officer compensation, suggesting a high dedication to directing funds to programs.
- Substantial asset base ($38,231,524 latest, $47,586,675 in 2022) providing financial stability despite recent trends.
- Long operating history with 12 filings, indicating established presence and experience.
Frequently Asked Questions about Chapin Home For The Aging
Is Chapin Home For The Aging a legitimate charity?
Based on AI analysis of IRS 990 filings, Chapin Home For The Aging (EIN: 135601035) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Chapin Home For The Aging spend its money?
Chapin Home For The Aging directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chapin Home For The Aging tax-deductible?
Chapin Home For The Aging is registered as a tax-exempt nonprofit (EIN: 135601035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Chapin Home For The Aging a good charity?
Based on the available data, Chapin Home For The Aging appears to be a dedicated charity with a strong mission focus, evidenced by its 0% officer compensation. However, recent financial trends showing expenses exceeding revenue and declining assets warrant closer examination to understand long-term sustainability.
Why are assets declining?
The organization's assets have declined from a peak of $66,174,811 in 2017 to $47,586,675 in 2022. This could be due to several factors, including strategic investments, market fluctuations, or using reserves to cover operational deficits where expenses exceeded revenue in recent years.
How does Chapin Home For The Aging cover its expenses when revenue is lower?
In several recent periods (e.g., 2022, 2021, 2020, 2019), expenses have exceeded revenue. This suggests the organization is likely drawing from its accumulated assets or other non-operating income sources to cover operational costs.
What is the significance of 0% officer compensation?
A 0% officer compensation indicates that no officers received reportable compensation from the organization. While this suggests a high dedication to mission and efficient use of funds, it is highly unusual for an organization of this size and could imply that executive leadership is compensated through other means or is entirely volunteer-based, which would require further investigation.
Filing History
IRS 990 filing history for Chapin Home For The Aging showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Chapin Home For The Aging's revenue has declined by 11%, moving from $22.0M to $19.6M. Total assets decreased by 22.8% over the same period, from $61.6M to $47.6M. Total functional expenses rose by 4.3%, from $20.7M to $21.6M. In its most recent filing year (2022), Chapin Home For The Aging reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $11.5M in liabilities against $47.6M in assets (debt-to-asset ratio: 24.1%), resulting in net assets of $36.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $19.6M | $21.6M | $47.6M | $11.5M | — | View 990 |
| 2021 | $15.8M | $21.5M | $55.7M | $13.7M | — | View 990 |
| 2020 | $17.7M | $22.1M | $59.2M | $14.1M | — | View 990 |
| 2019 | $20.3M | $23.4M | $61.8M | $12.4M | — | View 990 |
| 2018 | $21.4M | $22.3M | $62.4M | $13.2M | — | View 990 |
| 2017 | $21.1M | $21.4M | $66.2M | $14.8M | — | View 990 |
| 2016 | $22.6M | $21.3M | $65.4M | $15.1M | — | View 990 |
| 2015 | $21.5M | $20.7M | $62.8M | $15.2M | — | View 990 |
| 2014 | $21.0M | $20.9M | $63.2M | $16.1M | — | View 990 |
| 2013 | $21.5M | $20.8M | $63.4M | $16.8M | — | View 990 |
| 2012 | $23.3M | $22.3M | $62.0M | $17.4M | — | View 990 |
| 2011 | $22.0M | $20.7M | $61.6M | $18.4M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $19.6M, expenses of $21.6M, and assets of $47.6M (revenue +24.1% year-over-year).
- 2021: Revenue of $15.8M, expenses of $21.5M, and assets of $55.7M (revenue -10.6% year-over-year).
- 2020: Revenue of $17.7M, expenses of $22.1M, and assets of $59.2M (revenue -13.1% year-over-year).
- 2019: Revenue of $20.3M, expenses of $23.4M, and assets of $61.8M (revenue -5.1% year-over-year).
- 2018: Revenue of $21.4M, expenses of $22.3M, and assets of $62.4M (revenue +1.4% year-over-year).
- 2017: Revenue of $21.1M, expenses of $21.4M, and assets of $66.2M (revenue -6.5% year-over-year).
- 2016: Revenue of $22.6M, expenses of $21.3M, and assets of $65.4M (revenue +5.2% year-over-year).
- 2015: Revenue of $21.5M, expenses of $20.7M, and assets of $62.8M (revenue +2.4% year-over-year).
- 2014: Revenue of $21.0M, expenses of $20.9M, and assets of $63.2M (revenue -2.3% year-over-year).
- 2013: Revenue of $21.5M, expenses of $20.8M, and assets of $63.4M (revenue -7.7% year-over-year).
- 2012: Revenue of $23.3M, expenses of $22.3M, and assets of $62.0M (revenue +5.6% year-over-year).
- 2011: Revenue of $22.0M, expenses of $20.7M, and assets of $61.6M.
Data Sources and Methodology
This transparency report for Chapin Home For The Aging 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.