Crosby Senior Services
Crosby Senior Services shows stable operations but a significant increase in liabilities in 2023.
EIN: 204631039 · Roseville, MN · NTEE: L220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $5.0M |
| Program Spending | 85% |
| Net Assets | $-6,657,023 |
| Transparency Score | 85/100 |
Is Crosby Senior Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crosby Senior Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Crosby Senior Services
Crosby Senior Services (EIN: 204631039) is a nonprofit organization based in Roseville, MN, classified under NTEE code L220. The organization reported total revenue of $5.0M and total assets of $12.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crosby Senior Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crosby Senior Services is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.2M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$120K |
| Total Assets | $39.4M |
| Total Liabilities | $46.1M |
| Net Assets | $-6,657,023 |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 116.9% |
| Months of Reserves | 93.9 months |
Financial Health Grade: A
In 2023, Crosby Senior Services reported a surplus of $120K with revenue exceeding expenses, holds 93.9 months of operating reserves (strong position), has a debt-to-asset ratio of 116.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Crosby Senior Services's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.1% | +7.4% | +191.9% |
| 2022 | +6.8% | +5.4% | +0.1% |
| 2021 | +0.3% | -2.0% | -2.1% |
| 2020 | -8.6% | -6.8% | -5.2% |
| 2019 | +3.7% | -3.7% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Crosby Senior Services 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: 85%
- fundraising: 5%
According to IRS 990 filings, Crosby Senior Services 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 $120K, with revenue exceeding expenses.
- Debt-to-asset ratio: 116.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for directing funds towards program 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 Crosby Senior Services's IRS 990 filings:
- Liabilities significantly exceed assets in the 2023 filing ($46,064,825 vs $39,407,802), indicating potential solvency concerns or significant debt burden.
Strengths
The following positive indicators were identified for Crosby Senior Services:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Generally stable revenue and expense trends over the past several years, demonstrating consistent operational capacity.
- Strong program focus implied by the lack of executive compensation, suggesting a high percentage of funds are directed to services.
Frequently Asked Questions about Crosby Senior Services
Is Crosby Senior Services a legitimate charity?
Crosby Senior Services (EIN: 204631039) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.0M. 1 red flag identified. 3 strengths noted. Financial health grade: A.
How does Crosby Senior Services spend its money?
Crosby Senior Services directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Crosby Senior Services tax-deductible?
Crosby Senior Services is registered as a tax-exempt nonprofit (EIN: 204631039). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Crosby Senior Services's spending goes to programs?
Crosby Senior Services directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Crosby Senior Services compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Crosby Senior Services is above average for NTEE category L220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Crosby Senior Services located?
Crosby Senior Services is headquartered in Roseville, Minnesota and files with the IRS under EIN 204631039. It is classified under NTEE code L220.
How many years of IRS 990 filings does Crosby Senior Services have?
Crosby Senior Services 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 $5.0M in total revenue.
What caused the substantial increase in assets and liabilities in the 2023 filing?
The 2023 filing shows assets increasing from $13.5M to $39.4M and liabilities from $20.3M to $46.1M. This significant change requires further detail from the organization to understand if it relates to new capital projects, debt, or other financial restructuring.
How does Crosby Senior Services manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through other means not classified as officer compensation on the 990, or that the organization has a unique operational structure. This is a strong positive for resource allocation.
Is the organization's long-term financial stability impacted by its liabilities exceeding assets?
In 2023, liabilities ($46.1M) significantly exceeded assets ($39.4M). While this can be common for organizations with significant debt for facilities or long-term projects, it's a point of concern for long-term solvency and warrants a deeper look into the nature of these liabilities and the organization's ability to service them.
Filing History
IRS 990 filing history for Crosby Senior Services showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Crosby Senior Services's revenue has grown by 30.3%, moving from $4.0M to $5.2M. Total assets increased by 82.9% over the same period, from $21.5M to $39.4M. Total functional expenses rose by 2.9%, from $4.9M to $5.0M. In its most recent filing year (2023), Crosby Senior Services reported a surplus of $120K, with revenue exceeding expenses. The organization holds $46.1M in liabilities against $39.4M in assets (debt-to-asset ratio: 116.9%), resulting in net assets of $-6,657,023.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $5.0M | $39.4M | $46.1M | — | — |
| 2022 | $4.9M | $4.7M | $13.5M | $20.3M | — | — |
| 2021 | $4.5M | $4.4M | $13.5M | $20.4M | — | View 990 |
| 2020 | $4.5M | $4.5M | $13.8M | $20.8M | — | — |
| 2019 | $5.0M | $4.9M | $14.5M | $21.6M | — | View 990 |
| 2018 | $4.8M | $5.1M | $14.9M | $22.1M | — | View 990 |
| 2017 | $4.5M | $4.7M | $15.6M | $22.4M | — | View 990 |
| 2016 | $4.3M | $4.5M | $15.9M | $22.6M | — | View 990 |
| 2015 | $3.6M | $4.4M | $16.5M | $23.0M | — | View 990 |
| 2014 | $4.3M | $5.0M | $19.3M | $24.9M | — | View 990 |
| 2013 | $4.1M | $4.9M | $19.9M | $24.9M | — | View 990 |
| 2012 | $4.2M | $4.9M | $20.9M | $25.0M | — | View 990 |
| 2011 | $4.0M | $4.9M | $21.5M | $24.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $5.0M, and assets of $39.4M (revenue +6.1% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.7M, and assets of $13.5M (revenue +6.8% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.4M, and assets of $13.5M (revenue +0.3% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.5M, and assets of $13.8M (revenue -8.6% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.9M, and assets of $14.5M (revenue +3.7% year-over-year).
- 2018: Revenue of $4.8M, expenses of $5.1M, and assets of $14.9M (revenue +6.6% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.7M, and assets of $15.6M (revenue +3.6% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.5M, and assets of $15.9M (revenue +19.8% year-over-year).
- 2015: Revenue of $3.6M, expenses of $4.4M, and assets of $16.5M (revenue -16.2% year-over-year).
- 2014: Revenue of $4.3M, expenses of $5.0M, and assets of $19.3M (revenue +6.3% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.9M, and assets of $19.9M (revenue -3.2% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.9M, and assets of $20.9M (revenue +5.9% year-over-year).
- 2011: Revenue of $4.0M, expenses of $4.9M, and assets of $21.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crosby Senior Services:
Data Sources and Methodology
This transparency report for Crosby Senior Services 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.