Charles T Sitrin Network Of Homes & Services Inc

Charles T Sitrin Network consistently operates at a deficit despite stable assets and no reported officer compensation.

EIN: 150543936 · New Hartford, NY · Updated: 2026-03-28

$4.1MRevenue

$5.0MAssets

85/100Mission Score (Excellent)

About Charles T Sitrin Network Of Homes & Services Inc

Charles T Sitrin Network Of Homes & Services Inc (EIN: 150543936) is a nonprofit organization based in New Hartford, NY. The organization reported total revenue of $4.1M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Charles T Sitrin Network Of Homes & Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Charles T Sitrin Network Of Homes & Services Inc demonstrates a consistent financial position with assets around $5 million over the past several years, indicating stability. However, recent filings show a trend of expenses exceeding revenue, with 202312 reporting expenses of $3,123,886 against revenues of $3,019,020, and 202212 showing expenses of $3,074,425 against revenues of $2,636,304. This suggests the organization is operating at a deficit, potentially drawing from reserves or other funding sources. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. The significant jump in revenue and expenses from 2016 to 2017, from $43,956 revenue and $920,911 expenses to over $2 million in both categories, suggests a substantial change in operations or reporting, which warrants further investigation for a complete understanding of its financial evolution.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Charles T Sitrin Network Of Homes & Services Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Charles T Sitrin Network Of Homes & Services Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 officers, which is highly unusual for an organization of its size with assets nearing $5 million and annual expenses exceeding $3 million.

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 Charles T Sitrin Network Of Homes & Services Inc's IRS 990 filings:

Consistent operating deficits in recent years (e.g., $104,866 in 202312, $438,121 in 202212).
Unexplained dramatic increase in revenue and expenses between 2016 and 2017 filings.
0% officer compensation reported for an organization of this size and operational scope, which could indicate compensation is reported under other categories or through related entities, or that leadership is entirely volunteer-based.

Strengths

The following positive indicators were identified for Charles T Sitrin Network Of Homes & Services Inc:

Stable asset base, consistently around $5 million, indicating financial foundation.
No reported officer compensation, suggesting a strong commitment to directing funds to programs.
Low liabilities relative to assets, indicating good financial management of debt.

Frequently Asked Questions about Charles T Sitrin Network Of Homes & Services Inc

Is Charles T Sitrin Network Of Homes & Services Inc a good charity?

The organization exhibits strong indicators of mission focus due to 0% officer compensation and stable assets. However, the consistent operating deficits in recent years (e.g., $104,866 deficit in 202312) raise questions about long-term financial sustainability.

Why did the organization's revenue and expenses dramatically increase between 2016 and 2017?

Between 201612 and 201712, revenue jumped from $43,956 to $2,130,902 and expenses from $920,911 to $2,139,854. This significant change suggests a major shift in operations, funding model, or reporting structure that is not immediately clear from the provided data.

How is the organization covering its operating deficits?

With expenses exceeding revenue in recent periods (e.g., 202312 and 202212), the organization is likely drawing from its accumulated assets or other non-operating income sources to cover the shortfall. This trend, if continued, could impact long-term financial health.

Filing History

IRS 990 filing history for Charles T Sitrin Network Of Homes & Services Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Charles T Sitrin Network Of Homes & Services Inc's revenue has grown by 6106.7%, moving from $49K to $3.0M. Total assets decreased by 14.4% over the same period, from $5.9M to $5.1M. Total functional expenses rose by 8277.9%, from $37K to $3.1M. In its most recent filing year (2023), Charles T Sitrin Network Of Homes & Services Inc reported a deficit of $105K, with expenses exceeding revenue. The organization holds $221K in liabilities against $5.1M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $4.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.0M	$3.1M	$5.1M	$221K	—	—
2022	$2.6M	$3.1M	$5.0M	$233K	—	View 990
2021	$2.6M	$2.5M	$5.7M	$192K	—	View 990
2020	$2.6M	$2.4M	$5.6M	$195K	—	View 990
2019	$2.4M	$2.4M	$5.4M	$239K	—	View 990
2018	$2.5M	$2.4M	$5.2M	$228K	—	View 990
2017	$2.1M	$2.1M	$5.3M	$219K	—	View 990
2016	$44K	$921K	$5.1M	$217K	—	View 990
2015	$96K	$71K	$5.7M	$0	—	View 990
2014	$79K	$198K	$5.8M	$275	—	View 990
2013	$48K	$76K	$5.9M	$8K	—	View 990
2012	$85K	$101K	$5.9M	$0	—	View 990
2011	$49K	$37K	$5.9M	$21K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.0M, expenses of $3.1M, and assets of $5.1M (revenue +14.5% year-over-year).
2022: Revenue of $2.6M, expenses of $3.1M, and assets of $5.0M (revenue +2.8% year-over-year).
2021: Revenue of $2.6M, expenses of $2.5M, and assets of $5.7M (revenue +-0.0% year-over-year).
2020: Revenue of $2.6M, expenses of $2.4M, and assets of $5.6M (revenue +5.5% year-over-year).
2019: Revenue of $2.4M, expenses of $2.4M, and assets of $5.4M (revenue -2.5% year-over-year).
2018: Revenue of $2.5M, expenses of $2.4M, and assets of $5.2M (revenue +17.1% year-over-year).
2017: Revenue of $2.1M, expenses of $2.1M, and assets of $5.3M (revenue +4747.8% year-over-year).
2016: Revenue of $44K, expenses of $921K, and assets of $5.1M (revenue -54.4% year-over-year).
2015: Revenue of $96K, expenses of $71K, and assets of $5.7M (revenue +22.0% year-over-year).
2014: Revenue of $79K, expenses of $198K, and assets of $5.8M (revenue +65.9% year-over-year).
2013: Revenue of $48K, expenses of $76K, and assets of $5.9M (revenue -43.8% year-over-year).
2012: Revenue of $85K, expenses of $101K, and assets of $5.9M (revenue +73.9% year-over-year).
2011: Revenue of $49K, expenses of $37K, and assets of $5.9M.

Data Sources and Methodology

This transparency report for Charles T Sitrin Network Of Homes & 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.