Concerned Home Managers For The Elderly Inc
Concerned Home Managers For The Elderly Inc shows consistent revenue growth and no reported officer compensation.
EIN: 133275504 · New York, NY · NTEE: P44Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.7M |
| Total Expenses | $4.7M |
| Program Spending | 85% |
| Net Assets | $971K |
| Transparency Score | 90/100 |
Is Concerned Home Managers For The Elderly Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concerned Home Managers For The Elderly Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concerned Home Managers For The Elderly Inc
Concerned Home Managers For The Elderly Inc (EIN: 133275504) is a nonprofit organization based in New York, NY, classified under NTEE code P44Z. The organization reported total revenue of $5.7M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concerned Home Managers For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concerned Home Managers For The Elderly Inc is a mid-size nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.0M |
| Total Expenses | $4.7M |
| Surplus / Deficit | +$272K |
| Total Assets | $1.8M |
| Total Liabilities | $832K |
| Net Assets | $971K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 46.1% |
| Months of Reserves | 4.6 months |
Financial Health Grade: A
In 2023, Concerned Home Managers For The Elderly Inc reported a surplus of $272K with revenue exceeding expenses, holds 4.6 months of operating reserves (adequate), has a debt-to-asset ratio of 46.1% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Concerned Home Managers For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | -0.1% | +2.0% |
| 2022 | -12.5% | -3.4% | +15.2% |
| 2021 | +23.4% | +14.6% | -23.6% |
| 2020 | -12.5% | -6.4% | +36.4% |
| 2019 | +11.8% | +15.1% | +18.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Concerned Home Managers For The Elderly Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Concerned Home Managers For The Elderly Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $272K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Concerned Home Managers For The Elderly Inc's IRS 990 filings:
- Potential for miscategorization of executive compensation if officers are indeed compensated but not reported as such, though 0% is consistently reported.
Strengths
The following positive indicators were identified for Concerned Home Managers For The Elderly Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to programs.
- Steady growth in assets over the past decade, from $750,566 in 2014 to $1,803,138 in 2023.
- Revenues generally exceed expenses, leading to a healthy financial surplus in most recent years (e.g., $4,987,365 revenue vs. $4,714,896 expenses in 2023).
- Long filing history (14 filings) demonstrates consistent compliance and transparency.
Frequently Asked Questions about Concerned Home Managers For The Elderly Inc
Is Concerned Home Managers For The Elderly Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Concerned Home Managers For The Elderly Inc (EIN: 133275504) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Concerned Home Managers For The Elderly Inc spend its money?
Concerned Home Managers For The Elderly Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concerned Home Managers For The Elderly Inc tax-deductible?
Concerned Home Managers For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 133275504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Concerned Home Managers For The Elderly Inc's spending goes to programs?
Concerned Home Managers For The Elderly Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concerned Home Managers For The Elderly Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Concerned Home Managers For The Elderly Inc is above average for NTEE category P44Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concerned Home Managers For The Elderly Inc located?
Concerned Home Managers For The Elderly Inc is headquartered in New York, New York and files with the IRS under EIN 133275504. It is classified under NTEE code P44Z.
How many years of IRS 990 filings does Concerned Home Managers For The Elderly Inc have?
Concerned Home Managers For The Elderly 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 $5.7M in total revenue.
Is Concerned Home Managers For The Elderly Inc a good charity?
Based on the available data, the organization appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its revenues have generally exceeded expenses in recent years, and assets have grown steadily.
How has the organization's financial health changed over time?
The organization has shown consistent growth in both revenue and assets over the past decade. Revenue increased from $2,823,862 in 2014 to $4,987,365 in 2023, and assets grew from $750,566 to $1,803,138 in the same period, indicating improving financial health.
What is the trend in the organization's liabilities?
Liabilities have fluctuated, reaching a high of $1,068,852 in 2022 before decreasing to $832,141 in 2023. While there was a notable increase in 2022, the overall trend shows manageable liabilities relative to growing assets.
Filing History
IRS 990 filing history for Concerned Home Managers For The Elderly Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Concerned Home Managers For The Elderly Inc's revenue has grown by 156.2%, moving from $1.9M to $5.0M. Total assets increased by 248.1% over the same period, from $518K to $1.8M. Total functional expenses rose by 146.1%, from $1.9M to $4.7M. In its most recent filing year (2023), Concerned Home Managers For The Elderly Inc reported a surplus of $272K, with revenue exceeding expenses. The organization holds $832K in liabilities against $1.8M in assets (debt-to-asset ratio: 46.1%), resulting in net assets of $971K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $4.7M | $1.8M | $832K | — | View 990 |
| 2022 | $4.5M | $4.7M | $1.8M | $1.1M | — | View 990 |
| 2021 | $5.1M | $4.9M | $1.5M | $575K | — | View 990 |
| 2020 | $4.1M | $4.3M | $2.0M | $909K | — | View 990 |
| 2019 | $4.7M | $4.6M | $1.5M | $241K | — | View 990 |
| 2018 | $4.2M | $4.0M | $1.2M | $183K | — | View 990 |
| 2017 | $3.5M | $3.5M | $949K | $148K | — | View 990 |
| 2016 | $2.9M | $2.8M | $977K | $130K | — | View 990 |
| 2015 | $2.7M | $2.6M | $805K | $122K | — | View 990 |
| 2014 | $2.8M | $2.6M | $751K | $119K | — | View 990 |
| 2013 | $2.3M | $2.4M | $621K | $194K | — | View 990 |
| 2012 | $2.5M | $2.4M | $634K | $127K | — | View 990 |
| 2011 | $2.4M | $2.4M | $644K | $247K | — | View 990 |
| 2010 | $1.9M | $1.9M | $518K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $4.7M, and assets of $1.8M (revenue +11.9% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.7M, and assets of $1.8M (revenue -12.5% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.9M, and assets of $1.5M (revenue +23.4% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.3M, and assets of $2.0M (revenue -12.5% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.6M, and assets of $1.5M (revenue +11.8% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.0M, and assets of $1.2M (revenue +22.3% year-over-year).
- 2017: Revenue of $3.5M, expenses of $3.5M, and assets of $949K (revenue +20.3% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $977K (revenue +6.9% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $805K (revenue -5.0% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.6M, and assets of $751K (revenue +20.6% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.4M, and assets of $621K (revenue -5.5% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $634K (revenue +4.6% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $644K (revenue +21.7% year-over-year).
- 2010: Revenue of $1.9M, expenses of $1.9M, and assets of $518K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concerned Home Managers For The Elderly Inc:
Data Sources and Methodology
This transparency report for Concerned Home Managers For The Elderly 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.