Eldercare Initiatives Inc
Eldercare Initiatives Inc. faces persistent operating deficits and high liabilities, eroding assets over time.
EIN: 201920032 · South Hadley, MA · NTEE: L22 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $567K |
| Total Expenses | $672K |
| Program Spending | 80% |
| Net Assets | $-1,803,526 |
| Transparency Score | 45/100 |
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Eldercare Initiatives Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Eldercare Initiatives Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Eldercare Initiatives Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $572K and expenses of $672K.
Revenue and Expenses
Eldercare Initiatives Inc reported $572K in revenue and $672K in expenses, a deficit of $99K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
45/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Eldercare Initiatives Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $537K (80%) |
Across stored filings, Eldercare Initiatives Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 80% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Joint Committee For Childrens Health Care In Everett | Massachusetts and Category L context |
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South Hadley, MA nonprofitsCategory L in Massachusetts
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Eldercare Initiatives Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Eldercare Initiatives Inc
Eldercare Initiatives Inc (EIN: 201920032) is a nonprofit organization based in South Hadley, MA, classified under NTEE code L22. The organization reported total revenue of $567K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Eldercare Initiatives Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Eldercare Initiatives Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $572K |
| Total Expenses | $672K |
| Surplus / Deficit | $-99,465 |
| Total Assets | $5.2M |
| Total Liabilities | $7.0M |
| Net Assets | $-1,803,526 |
| Operating Margin | -17.4% |
| Debt-to-Asset Ratio | 135.0% |
| Months of Reserves | 92.0 months |
Financial Health Grade: C
In 2023, Eldercare Initiatives Inc reported a deficit of $99K with expenses exceeding revenue, holds 92.0 months of operating reserves (strong position), has a debt-to-asset ratio of 135.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Eldercare Initiatives Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | -5.8% | -2.0% |
| 2022 | -0.7% | +5.2% | -3.6% |
| 2021 | +4.9% | -0.8% | -2.7% |
| 2020 | +3.7% | +5.4% | -3.2% |
| 2019 | +2.3% | +7.2% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Eldercare Initiatives 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: 80%
- fundraising: 5%
According to IRS 990 filings, Eldercare Initiatives 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 $99K, with expenses exceeding revenue.
- Debt-to-asset ratio: 135.0%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available IRS 990 filings, suggesting either a volunteer executive team or that compensation is categorized differently, which could impact the clarity of administrative costs.
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 Eldercare Initiatives Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in all reported periods)
- High liabilities consistently exceeding total assets (e.g., $6.9M liabilities vs. $5.1M assets in 2023)
- Steady decline in total assets over the past decade
- Lack of transparency regarding the nature of significant liabilities
Strengths
The following positive indicators were identified for Eldercare Initiatives Inc:
- No reported officer compensation, suggesting efficient use of funds at the executive level or volunteer leadership.
- Clear mission focus indicated by NTEE code L22 (Elder Care).
Frequently Asked Questions about Eldercare Initiatives Inc
Is Eldercare Initiatives Inc a legitimate charity?
Eldercare Initiatives Inc (EIN: 201920032) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $567K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Eldercare Initiatives Inc spend its money?
Eldercare Initiatives Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Eldercare Initiatives Inc tax-deductible?
Eldercare Initiatives Inc is registered as a tax-exempt nonprofit (EIN: 201920032). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Eldercare Initiatives Inc's spending goes to programs?
Eldercare Initiatives Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Eldercare Initiatives Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Eldercare Initiatives Inc is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Eldercare Initiatives Inc located?
Eldercare Initiatives Inc is headquartered in South Hadley, Massachusetts and files with the IRS under EIN 201920032. It is classified under NTEE code L22.
How many years of IRS 990 filings does Eldercare Initiatives Inc have?
Eldercare Initiatives 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 $567K in total revenue.
How does Eldercare Initiatives Inc. cover its consistent operating deficits?
The organization consistently spends more than it earns, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $671,819 against revenues of $572,354. This deficit spending has led to a decline in assets over time, from $6,498,966 in 2014 to $5,153,165 in 2023. The source of funding for these deficits is not immediately clear from the provided summary data, but it's likely drawing down on reserves or incurring further debt.
What is the nature of the organization's high liabilities?
Eldercare Initiatives Inc. consistently reports liabilities around $6.9 million, significantly higher than its assets (e.g., $5,153,165 in 2023). The specific nature of these liabilities (e.g., mortgages, bonds, program-related investments) is not detailed in the provided summary, but their magnitude relative to assets is a major financial concern.
Is the organization's asset decline a significant concern?
Yes, the organization's assets have steadily declined from $6,498,966 in 2014 to $5,153,165 in 2023. This trend, coupled with consistent operating deficits, indicates that the organization is consuming its capital to cover ongoing expenses, which is unsustainable in the long term.
Filing History
IRS 990 filing history for Eldercare Initiatives Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Eldercare Initiatives Inc's revenue has grown by 48.9%, moving from $385K to $572K. Total assets decreased by 25.3% over the same period, from $6.9M to $5.2M. Total functional expenses rose by 26.6%, from $531K to $672K. In its most recent filing year (2023), Eldercare Initiatives Inc reported a deficit of $99K, with expenses exceeding revenue. The organization holds $7.0M in liabilities against $5.2M in assets (debt-to-asset ratio: 135.0%), resulting in net assets of $-1,803,526.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $572K | $672K | $5.2M | $7.0M | — | View 990 |
| 2022 | $514K | $713K | $5.3M | $7.0M | — | View 990 |
| 2021 | $517K | $678K | $5.5M | $7.0M | — | View 990 |
| 2020 | $493K | $683K | $5.6M | $7.0M | — | View 990 |
| 2019 | $475K | $648K | $5.8M | $7.0M | — | View 990 |
| 2018 | $465K | $605K | $6.0M | $6.9M | — | View 990 |
| 2017 | $509K | $616K | $6.1M | $6.9M | — | View 990 |
| 2016 | $450K | $578K | $6.2M | $6.9M | — | View 990 |
| 2015 | $426K | $588K | $6.3M | $6.9M | — | View 990 |
| 2014 | $426K | $556K | $6.5M | $6.9M | — | View 990 |
| 2013 | $425K | $566K | $6.6M | $6.9M | — | View 990 |
| 2012 | $414K | $540K | $6.8M | $7.0M | — | View 990 |
| 2011 | $385K | $531K | $6.9M | $6.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $572K, expenses of $672K, and assets of $5.2M (revenue +11.5% year-over-year).
- 2022: Revenue of $514K, expenses of $713K, and assets of $5.3M (revenue -0.7% year-over-year).
- 2021: Revenue of $517K, expenses of $678K, and assets of $5.5M (revenue +4.9% year-over-year).
- 2020: Revenue of $493K, expenses of $683K, and assets of $5.6M (revenue +3.7% year-over-year).
- 2019: Revenue of $475K, expenses of $648K, and assets of $5.8M (revenue +2.3% year-over-year).
- 2018: Revenue of $465K, expenses of $605K, and assets of $6.0M (revenue -8.8% year-over-year).
- 2017: Revenue of $509K, expenses of $616K, and assets of $6.1M (revenue +13.3% year-over-year).
- 2016: Revenue of $450K, expenses of $578K, and assets of $6.2M (revenue +5.5% year-over-year).
- 2015: Revenue of $426K, expenses of $588K, and assets of $6.3M (revenue +0.0% year-over-year).
- 2014: Revenue of $426K, expenses of $556K, and assets of $6.5M (revenue +0.2% year-over-year).
- 2013: Revenue of $425K, expenses of $566K, and assets of $6.6M (revenue +2.6% year-over-year).
- 2012: Revenue of $414K, expenses of $540K, and assets of $6.8M (revenue +7.8% year-over-year).
- 2011: Revenue of $385K, expenses of $531K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Eldercare Initiatives Inc:
Data Sources and Methodology
This transparency report for Eldercare Initiatives 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.