Elder Life Management Inc
Elder Life Management Inc: Declining Revenues and Negative Net Income Raise Concerns
EIN: 222854545 · Ocean, NJ · Updated: 2026-04-04
Is Elder Life Management Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elder Life Management Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Elder Life Management Inc
Elder Life Management Inc (EIN: 222854545) is a nonprofit organization based in Ocean, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elder Life Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elder Life Management Inc with a Mission Score of 45 out of 100 (Fair). 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: 70%
- fundraising: 15%
According to IRS 990 filings, Elder Life Management Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Elder Life Management Inc's IRS 990 filings:
- Consistent negative net income across all reported years, indicating financial instability.
- Significant decline in revenue by over 47% from 2012 to 2014.
- Liabilities of $34,493 in 2014 against assets of $270,198, showing a concerning debt-to-asset ratio.
Strengths
The following positive indicators were identified for Elder Life Management Inc:
- None apparent from the provided financial data.
Frequently Asked Questions about Elder Life Management Inc
Is Elder Life Management Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elder Life Management Inc (EIN: 222854545) significant concerns. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
How does Elder Life Management Inc spend its money?
Elder Life Management Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elder Life Management Inc tax-deductible?
Elder Life Management Inc is registered as a tax-exempt nonprofit (EIN: 222854545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Elder Life Management Inc do?
Elder Life Management Inc is a nonprofit organization in the Unknown sector, located in Ocean, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Elder Life Management Inc have?
Elder Life Management Inc reported total revenue of N/A. Based on 4 IRS 990 filings on record.
What are Elder Life Management Inc's total assets?
Elder Life Management Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Elder Life Management Inc located?
Elder Life Management Inc is based in Ocean, New Jersey.
What is Elder Life Management Inc's EIN?
Elder Life Management Inc's Employer Identification Number (EIN) is 222854545. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Elder Life Management Inc?
Elder Life Management Inc is classified under NTEE code Unknown (Unknown).
Is Elder Life Management Inc a registered 501(c)(3)?
Elder Life Management Inc appears in IRS records (EIN: 222854545). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Elder Life Management Inc file IRS Form 990?
Yes, Elder Life Management Inc has 4 IRS Form 990 filings on record. The most recent covers tax period 201412.
What was Elder Life Management Inc's revenue in 2014?
In the 201412 filing period, Elder Life Management Inc reported total revenue of $452,852, total expenses of $479,202, and net assets of $270,198.
Is Elder Life Management Inc's revenue growing or declining?
Elder Life Management Inc's revenue is declining. Revenue went from $584,234 (201312) to $452,852 (201412), a -22.5% change. Based on 4 filings on record.
What is Elder Life Management Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Elder Life Management Inc covers tax period 201412. It shows revenue of $452,852, expenses of $479,202, total assets of $270,198, and liabilities of $34,493.
How much does Elder Life Management Inc spend on programs vs administration?
Based on IRS 990 analysis, Elder Life Management Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Elder Life Management Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Elder Life Management Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for Elder Life Management Inc?
The following concerns were identified: Consistent negative net income across all reported years, indicating financial instability.. Significant decline in revenue by over 47% from 2012 to 2014.. Liabilities of $34,493 in 2014 against assets of $270,198, showing a concerning debt-to-asset ratio.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Elder Life Management Inc's strengths?
Positive indicators for Elder Life Management Inc include: None apparent from the provided financial data.. These findings are derived from AI analysis of the organization's financial filings.
How does Elder Life Management Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the long-term sustainability plan given the consistent decline in revenue and negative net income?
The provided data does not offer insights into the organization's strategic plans to address the persistent financial challenges, such as revenue diversification or expense reduction initiatives.
Filing History
IRS 990 filing history for Elder Life Management Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Elder Life Management Inc's revenue has declined by 35.3%, moving from $700K to $453K. Total assets decreased by 50.2% over the same period, from $543K to $270K. Total functional expenses fell by 38.5%, from $779K to $479K. In its most recent filing year (2014), Elder Life Management Inc reported a deficit of $26K, with expenses exceeding revenue. The organization holds $34K in liabilities against $270K in assets (debt-to-asset ratio: 12.8%), resulting in net assets of $236K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2014 | $453K | $479K | $270K | $34K | — | View 990 |
| 2013 | $584K | $737K | $327K | $65K | — | View 990 |
| 2012 | $860K | $832K | $480K | $65K | — | View 990 |
| 2011 | $700K | $779K | $543K | $156K | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $453K, expenses of $479K, and assets of $270K (revenue -22.5% year-over-year).
- 2013: Revenue of $584K, expenses of $737K, and assets of $327K (revenue -32.1% year-over-year).
- 2012: Revenue of $860K, expenses of $832K, and assets of $480K (revenue +22.9% year-over-year).
- 2011: Revenue of $700K, expenses of $779K, and assets of $543K.
Data Sources and Methodology
This transparency report for Elder Life Management 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.