Cloverwood Senior Living Inc
Cloverwood Senior Living Inc. maintains stable operations with growing assets but carries significant liabilities.
EIN: 161597251 · Pittsford, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.3M |
| Total Expenses | $14.9M |
| Program Spending | 80% |
| Net Assets | $-20,651,527 |
| Transparency Score | 70/100 |
Is Cloverwood Senior Living Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cloverwood Senior Living Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cloverwood Senior Living Inc
Cloverwood Senior Living Inc (EIN: 161597251) is a nonprofit organization based in Pittsford, NY, classified under NTEE code L22. The organization reported total revenue of $25.3M and total assets of $48.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cloverwood Senior Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cloverwood Senior Living Inc is a large nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.2M |
| Total Expenses | $14.9M |
| Surplus / Deficit | $-768,886 |
| Total Assets | $46.5M |
| Total Liabilities | $67.1M |
| Net Assets | $-20,651,527 |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 144.4% |
| Months of Reserves | 37.4 months |
Financial Health Grade: C
In 2023, Cloverwood Senior Living Inc reported a deficit of $769K with expenses exceeding revenue, holds 37.4 months of operating reserves (strong position), has a debt-to-asset ratio of 144.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cloverwood Senior Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +12.5% | +5.6% |
| 2022 | -0.2% | +10.1% | -2.8% |
| 2021 | +20.2% | +0.4% | +4.2% |
| 2020 | -7.5% | -0.9% | +4.8% |
| 2019 | +6.8% | -2.5% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Cloverwood Senior Living 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, Cloverwood Senior Living 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 deficit of $769K, with expenses exceeding revenue.
- Debt-to-asset ratio: 144.4%.
Executive Compensation Analysis
The reported 0% officer compensation across all filings suggests that executive leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' in this summary, which requires further clarification for complete 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 Cloverwood Senior Living Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating a high debt-to-asset ratio (e.g., $67,149,134 liabilities vs. $46,497,607 assets in 2023).
- Consistent reporting of 0% officer compensation, which may obscure executive remuneration if it's reported elsewhere.
- Operational deficits in some years (e.g., 2023: $14,168,912 revenue vs. $14,937,798 expenses).
Strengths
The following positive indicators were identified for Cloverwood Senior Living Inc:
- Consistent revenue generation over the past decade, indicating stable operations.
- Steady growth in assets, from $40,538,671 in 2018 to $46,497,607 in 2023, suggesting investment in facilities.
- Long filing history (13 filings), indicating consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Cloverwood Senior Living Inc
Is Cloverwood Senior Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cloverwood Senior Living Inc (EIN: 161597251) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Cloverwood Senior Living Inc spend its money?
Cloverwood Senior Living Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cloverwood Senior Living Inc tax-deductible?
Cloverwood Senior Living Inc is registered as a tax-exempt nonprofit (EIN: 161597251). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cloverwood Senior Living Inc's spending goes to programs?
Cloverwood Senior Living Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cloverwood Senior Living Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Cloverwood Senior Living Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cloverwood Senior Living Inc located?
Cloverwood Senior Living Inc is headquartered in Pittsford, New York and files with the IRS under EIN 161597251. It is classified under NTEE code L22.
How many years of IRS 990 filings does Cloverwood Senior Living Inc have?
Cloverwood Senior Living 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 $25.3M in total revenue.
What is the nature of Cloverwood Senior Living Inc.'s substantial liabilities?
The filings consistently show liabilities significantly exceeding assets (e.g., $67,149,134 liabilities vs. $46,497,607 assets in 2023). Understanding if this debt is related to facility mortgages, bonds, or other long-term obligations is crucial for assessing financial risk.
How is executive compensation handled if 'Officer Comp' is consistently 0%?
The consistent 0% officer compensation across all filings suggests that either the organization is entirely volunteer-led at the executive level, or executive compensation is reported under different expense categories, which impacts transparency.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense breakdown, it's difficult to precisely evaluate the organization's spending efficiency and how much of its budget directly supports its mission versus overhead.
What is the organization's strategy for managing its high debt-to-asset ratio?
With liabilities consistently higher than assets, understanding the organization's long-term financial strategy for debt management and solvency is important for assessing its sustainability.
Filing History
IRS 990 filing history for Cloverwood Senior Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cloverwood Senior Living Inc's revenue has grown by 45.4%, moving from $9.7M to $14.2M. Total assets decreased by 2% over the same period, from $47.5M to $46.5M. Total functional expenses rose by 38.5%, from $10.8M to $14.9M. In its most recent filing year (2023), Cloverwood Senior Living Inc reported a deficit of $769K, with expenses exceeding revenue. The organization holds $67.1M in liabilities against $46.5M in assets (debt-to-asset ratio: 144.4%), resulting in net assets of $-20,651,527.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.2M | $14.9M | $46.5M | $67.1M | — | — |
| 2022 | $14.1M | $13.3M | $44.1M | $65.2M | — | View 990 |
| 2021 | $14.2M | $12.1M | $45.3M | $64.3M | — | View 990 |
| 2020 | $11.8M | $12.0M | $43.5M | $65.0M | — | — |
| 2019 | $12.7M | $12.1M | $41.5M | $63.7M | — | View 990 |
| 2018 | $11.9M | $12.4M | $40.5M | $64.4M | — | View 990 |
| 2017 | $12.8M | $11.9M | $41.4M | $64.0M | — | View 990 |
| 2016 | $11.3M | $11.7M | $41.0M | $65.0M | — | View 990 |
| 2015 | $10.7M | $11.4M | $41.0M | $66.1M | — | View 990 |
| 2014 | $10.7M | $10.9M | $42.0M | $66.1M | — | View 990 |
| 2013 | $10.2M | $11.9M | $42.6M | $66.1M | — | View 990 |
| 2012 | $10.7M | $10.7M | $46.3M | $61.6M | — | View 990 |
| 2011 | $9.7M | $10.8M | $47.5M | $62.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.2M, expenses of $14.9M, and assets of $46.5M (revenue +0.3% year-over-year).
- 2022: Revenue of $14.1M, expenses of $13.3M, and assets of $44.1M (revenue -0.2% year-over-year).
- 2021: Revenue of $14.2M, expenses of $12.1M, and assets of $45.3M (revenue +20.2% year-over-year).
- 2020: Revenue of $11.8M, expenses of $12.0M, and assets of $43.5M (revenue -7.5% year-over-year).
- 2019: Revenue of $12.7M, expenses of $12.1M, and assets of $41.5M (revenue +6.8% year-over-year).
- 2018: Revenue of $11.9M, expenses of $12.4M, and assets of $40.5M (revenue -6.7% year-over-year).
- 2017: Revenue of $12.8M, expenses of $11.9M, and assets of $41.4M (revenue +13.6% year-over-year).
- 2016: Revenue of $11.3M, expenses of $11.7M, and assets of $41.0M (revenue +5.0% year-over-year).
- 2015: Revenue of $10.7M, expenses of $11.4M, and assets of $41.0M (revenue +0.3% year-over-year).
- 2014: Revenue of $10.7M, expenses of $10.9M, and assets of $42.0M (revenue +4.5% year-over-year).
- 2013: Revenue of $10.2M, expenses of $11.9M, and assets of $42.6M (revenue -4.0% year-over-year).
- 2012: Revenue of $10.7M, expenses of $10.7M, and assets of $46.3M (revenue +9.5% year-over-year).
- 2011: Revenue of $9.7M, expenses of $10.8M, and assets of $47.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cloverwood Senior Living Inc:
Data Sources and Methodology
This transparency report for Cloverwood Senior Living 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.