Chase Memorial Nursing Home Co Inc
Chase Memorial Nursing Home operates with tight margins and no reported officer compensation.
EIN: 160977850 · New Berlin, NY · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.4M |
| Total Expenses | $8.0M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $7,685,672 |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is Chase Memorial Nursing Home Co Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chase Memorial Nursing Home Co Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chase Memorial Nursing Home Co Inc
Chase Memorial Nursing Home Co Inc (EIN: 160977850) is a nonprofit organization based in New Berlin, NY, classified under NTEE code E91Z. The organization reported total revenue of $8.4M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chase Memorial Nursing Home Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chase Memorial Nursing Home Co Inc is a mid-size nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $8.0M |
| Surplus / Deficit | $-266,489 |
| Total Assets | $4.9M |
| Total Liabilities | $1.7M |
| Net Assets | $3.2M |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 35.6% |
| Months of Reserves | 7.4 months |
Financial Health Grade: B
In 2023, Chase Memorial Nursing Home Co Inc reported a deficit of $266K with expenses exceeding revenue, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 35.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Chase Memorial Nursing Home Co Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +17.1% | -5.6% |
| 2022 | +34.0% | +14.0% | +7.3% |
| 2021 | -24.9% | -16.7% | -4.6% |
| 2020 | +8.1% | +10.7% | +1.7% |
| 2019 | -1.0% | +3.6% | -4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Chase Memorial Nursing Home Co 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Chase Memorial Nursing Home Co Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $266K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation, which is highly unusual for an organization of this size (latest revenue $7,685,672) and suggests a strong commitment to directing funds towards services.
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 Chase Memorial Nursing Home Co Inc's IRS 990 filings:
- Frequent operational deficits (e.g., 2023, 2021, 2020, 2017) indicate reliance on reserves or other funding sources to cover expenses.
- Increasing liabilities over time, from $743,946 in 2014 to $1,747,481 in 2023, could indicate growing financial obligations.
Strengths
The following positive indicators were identified for Chase Memorial Nursing Home Co Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating strong resource allocation to mission.
- Significant asset growth from $1,427,497 in 2014 to $4,911,464 in 2023, demonstrating long-term financial development.
- Long and consistent IRS 990 filing history (14 filings), indicating transparency and compliance.
- Stable revenue generation, consistently in the multi-million dollar range, supporting its operations as a nursing home.
Frequently Asked Questions about Chase Memorial Nursing Home Co Inc
Is Chase Memorial Nursing Home Co Inc a legitimate charity?
Chase Memorial Nursing Home Co Inc (EIN: 160977850) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $8.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Chase Memorial Nursing Home Co Inc spend its money?
Chase Memorial Nursing Home Co Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Chase Memorial Nursing Home Co Inc tax-deductible?
Chase Memorial Nursing Home Co Inc is registered as a tax-exempt nonprofit (EIN: 160977850). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chase Memorial Nursing Home Co Inc CEO make?
Chase Memorial Nursing Home Co Inc's highest-compensated officer earns $7,685,672 annually. The organization reported $8.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Chase Memorial Nursing Home Co Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Chase Memorial Nursing Home Co Inc is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chase Memorial Nursing Home Co Inc located?
Chase Memorial Nursing Home Co Inc is headquartered in New Berlin, New York and files with the IRS under EIN 160977850. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Chase Memorial Nursing Home Co Inc have?
Chase Memorial Nursing Home Co 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 $8.4M in total revenue.
Is Chase Memorial Nursing Home Co Inc financially stable?
The organization shows reasonable financial stability, with assets growing from $1,427,497 in 2014 to $4,911,464 in 2023. While it has experienced operational deficits in some years (e.g., 2023 with $7,685,672 revenue vs. $7,952,161 expenses), its overall asset growth suggests a capacity to manage these fluctuations.
How does Chase Memorial Nursing Home Co Inc manage executive compensation?
The organization consistently reports 0% officer compensation across all 14 available filings, indicating that no officers received reportable compensation, which is a strong positive for resource allocation to its mission.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, reaching a high of $8,370,492 in the latest period, but also showing periods of decline (e.g., $7,040,307 in 2020 from $6,513,139 in 2019). Expenses generally track closely with revenue, often resulting in narrow operating margins or slight deficits, such as in 2023 where expenses ($7,952,161) exceeded revenue ($7,685,672).
Are there any concerns regarding the organization's liabilities?
Liabilities have increased over time, from $743,946 in 2014 to $1,747,481 in 2023. While this increase warrants monitoring, it is not necessarily a red flag given the concurrent growth in assets from $1,427,497 to $4,911,464 over the same period, suggesting a managed balance sheet.
Filing History
IRS 990 filing history for Chase Memorial Nursing Home Co Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Chase Memorial Nursing Home Co Inc's revenue has grown by 52.8%, moving from $5.0M to $7.7M. Total assets increased by 201.5% over the same period, from $1.6M to $4.9M. Total functional expenses rose by 52.4%, from $5.2M to $8.0M. In its most recent filing year (2023), Chase Memorial Nursing Home Co Inc reported a deficit of $266K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $4.9M in assets (debt-to-asset ratio: 35.6%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.7M | $8.0M | $4.9M | $1.7M | — | — |
| 2022 | $7.1M | $6.8M | $5.2M | $1.8M | — | — |
| 2021 | $5.3M | $6.0M | $4.9M | $1.7M | — | View 990 |
| 2020 | $7.0M | $7.2M | $5.1M | $1.3M | — | — |
| 2019 | $6.5M | $6.5M | $5.0M | $1.1M | — | View 990 |
| 2018 | $6.6M | $6.2M | $5.3M | $1.4M | — | View 990 |
| 2017 | $5.9M | $6.6M | $5.0M | $1.4M | — | View 990 |
| 2016 | $6.7M | $5.9M | $2.2M | $657K | — | View 990 |
| 2015 | $5.7M | $5.7M | $1.6M | $951K | — | View 990 |
| 2014 | $5.8M | $5.8M | $1.4M | $744K | — | View 990 |
| 2013 | $5.7M | $5.6M | $1.4M | $771K | — | View 990 |
| 2012 | $5.3M | $5.3M | $1.6M | $978K | — | View 990 |
| 2011 | $5.1M | $5.3M | $1.7M | $1.1M | — | View 990 |
| 2010 | $5.0M | $5.2M | $1.6M | $771K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.7M, expenses of $8.0M, and assets of $4.9M (revenue +8.5% year-over-year).
- 2022: Revenue of $7.1M, expenses of $6.8M, and assets of $5.2M (revenue +34.0% year-over-year).
- 2021: Revenue of $5.3M, expenses of $6.0M, and assets of $4.9M (revenue -24.9% year-over-year).
- 2020: Revenue of $7.0M, expenses of $7.2M, and assets of $5.1M (revenue +8.1% year-over-year).
- 2019: Revenue of $6.5M, expenses of $6.5M, and assets of $5.0M (revenue -1.0% year-over-year).
- 2018: Revenue of $6.6M, expenses of $6.2M, and assets of $5.3M (revenue +11.7% year-over-year).
- 2017: Revenue of $5.9M, expenses of $6.6M, and assets of $5.0M (revenue -12.6% year-over-year).
- 2016: Revenue of $6.7M, expenses of $5.9M, and assets of $2.2M (revenue +17.7% year-over-year).
- 2015: Revenue of $5.7M, expenses of $5.7M, and assets of $1.6M (revenue -1.3% year-over-year).
- 2014: Revenue of $5.8M, expenses of $5.8M, and assets of $1.4M (revenue +1.8% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.6M, and assets of $1.4M (revenue +7.9% year-over-year).
- 2012: Revenue of $5.3M, expenses of $5.3M, and assets of $1.6M (revenue +4.4% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.3M, and assets of $1.7M (revenue +0.5% year-over-year).
- 2010: Revenue of $5.0M, expenses of $5.2M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chase Memorial Nursing Home Co Inc:
Data Sources and Methodology
This transparency report for Chase Memorial Nursing Home Co 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.