Empire Commons Student Housing Inc
Empire Commons Student Housing Inc. consistently generates surpluses with no reported officer compensation.
EIN: 141832659 · Albany, NY · NTEE: B114 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.4M |
| Total Expenses | $12.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $17 |
| Net Assets | $24.2M |
| Transparency Score | 85/100 |
Is Empire Commons Student Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Empire Commons Student Housing Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Empire Commons Student Housing Inc
Empire Commons Student Housing Inc (EIN: 141832659) is a nonprofit organization based in Albany, NY, classified under NTEE code B114. The organization reported total revenue of $17.4M and total assets of $53.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Empire Commons Student Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Empire Commons Student Housing Inc is a large nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.4M |
| Total Expenses | $12.7M |
| Surplus / Deficit | +$4.6M |
| Total Assets | $53.9M |
| Total Liabilities | $29.7M |
| Net Assets | $24.2M |
| Operating Margin | 26.6% |
| Debt-to-Asset Ratio | 55.2% |
| Months of Reserves | 50.7 months |
Financial Health Grade: A
In 2024, Empire Commons Student Housing Inc reported a surplus of $4.6M with revenue exceeding expenses, holds 50.7 months of operating reserves (strong position), has a debt-to-asset ratio of 55.2% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Empire Commons Student Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.4% | +2.6% | +11.1% |
| 2023 | +3.0% | +1.1% | +1.2% |
| 2022 | +51.8% | +0.9% | +3.4% |
| 2021 | -31.7% | -19.7% | -6.9% |
| 2020 | +2.6% | +38.3% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Empire Commons Student Housing Inc 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: 90%
- fundraising: 0%
According to IRS 990 filings, Empire Commons Student Housing Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all 14 filings, suggesting that executive leadership is either entirely volunteer or compensated through mechanisms not categorized as officer compensation on the 990, which is unusual for an organization with over $17 million in annual revenue and $53 million in assets.
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 Empire Commons Student Housing Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization with over $17 million in revenue, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Empire Commons Student Housing Inc:
- Consistent generation of financial surpluses, indicating strong financial management (e.g., $4.6M surplus in 2024).
- Healthy asset base ($53,850,574 in 2024) supporting its mission.
- Stable and growing revenue stream over the past several years.
- Low administrative overhead implied by 0% officer compensation, potentially maximizing program spending.
Frequently Asked Questions about Empire Commons Student Housing Inc
Is Empire Commons Student Housing Inc a legitimate charity?
Empire Commons Student Housing Inc (EIN: 141832659) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $17.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Empire Commons Student Housing Inc spend its money?
Empire Commons Student Housing Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Empire Commons Student Housing Inc tax-deductible?
Empire Commons Student Housing Inc is registered as a tax-exempt nonprofit (EIN: 141832659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Empire Commons Student Housing Inc CEO make?
Empire Commons Student Housing Inc's highest-compensated officer earns $17 annually. The organization reported $17.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Empire Commons Student Housing Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Empire Commons Student Housing Inc is above average for NTEE category B114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Empire Commons Student Housing Inc located?
Empire Commons Student Housing Inc is headquartered in Albany, New York and files with the IRS under EIN 141832659. It is classified under NTEE code B114.
How many years of IRS 990 filings does Empire Commons Student Housing Inc have?
Empire Commons Student Housing 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 $17.4M in total revenue.
Is Empire Commons Student Housing Inc. financially stable?
Yes, the organization appears financially stable, consistently generating surpluses (e.g., $17,376,400 revenue vs. $12,748,757 expenses in 2024) and maintaining a healthy asset base ($53,850,574 in 2024) relative to its liabilities.
What is the primary use of the organization's funds?
As a student housing provider (NTEE Code B114), the primary use of funds would be for the operation, maintenance, and improvement of student housing facilities, which are direct program services.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and suggests that either the leadership is entirely volunteer, or compensation is structured in a way that it is not reported in the 'officer compensation' section of the 990, which warrants further inquiry for full transparency.
Filing History
IRS 990 filing history for Empire Commons Student Housing Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Empire Commons Student Housing Inc's revenue has grown by 44%, moving from $12.1M to $17.4M. Total assets decreased by 2.6% over the same period, from $55.3M to $53.9M. Total functional expenses rose by 27.3%, from $10.0M to $12.7M. In its most recent filing year (2024), Empire Commons Student Housing Inc reported a surplus of $4.6M, with revenue exceeding expenses. The organization holds $29.7M in liabilities against $53.9M in assets (debt-to-asset ratio: 55.2%), resulting in net assets of $24.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $17.4M | $12.7M | $53.9M | $29.7M | — | View 990 |
| 2023 | $16.5M | $12.4M | $48.5M | $28.9M | — | View 990 |
| 2022 | $16.0M | $12.3M | $47.9M | $32.4M | — | View 990 |
| 2021 | $10.5M | $12.2M | $46.3M | $34.6M | — | View 990 |
| 2020 | $15.4M | $15.2M | $49.8M | $36.3M | — | View 990 |
| 2019 | $15.0M | $11.0M | $52.8M | $39.6M | — | View 990 |
| 2018 | $14.3M | $11.7M | $51.2M | $42.1M | — | View 990 |
| 2017 | $13.7M | $12.6M | $50.7M | $44.1M | — | View 990 |
| 2016 | $13.1M | $11.0M | $54.8M | $49.3M | — | View 990 |
| 2015 | $12.6M | $10.9M | $54.5M | $51.1M | — | View 990 |
| 2014 | $12.4M | $10.9M | $54.7M | $53.1M | — | View 990 |
| 2013 | $12.2M | $9.9M | $55.2M | $55.1M | — | View 990 |
| 2012 | $12.1M | $11.1M | $54.6M | $56.9M | — | View 990 |
| 2011 | $12.1M | $10.0M | $55.3M | $58.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $17.4M, expenses of $12.7M, and assets of $53.9M (revenue +5.4% year-over-year).
- 2023: Revenue of $16.5M, expenses of $12.4M, and assets of $48.5M (revenue +3.0% year-over-year).
- 2022: Revenue of $16.0M, expenses of $12.3M, and assets of $47.9M (revenue +51.8% year-over-year).
- 2021: Revenue of $10.5M, expenses of $12.2M, and assets of $46.3M (revenue -31.7% year-over-year).
- 2020: Revenue of $15.4M, expenses of $15.2M, and assets of $49.8M (revenue +2.6% year-over-year).
- 2019: Revenue of $15.0M, expenses of $11.0M, and assets of $52.8M (revenue +5.4% year-over-year).
- 2018: Revenue of $14.3M, expenses of $11.7M, and assets of $51.2M (revenue +4.5% year-over-year).
- 2017: Revenue of $13.7M, expenses of $12.6M, and assets of $50.7M (revenue +4.0% year-over-year).
- 2016: Revenue of $13.1M, expenses of $11.0M, and assets of $54.8M (revenue +3.8% year-over-year).
- 2015: Revenue of $12.6M, expenses of $10.9M, and assets of $54.5M (revenue +1.6% year-over-year).
- 2014: Revenue of $12.4M, expenses of $10.9M, and assets of $54.7M (revenue +1.9% year-over-year).
- 2013: Revenue of $12.2M, expenses of $9.9M, and assets of $55.2M (revenue +1.2% year-over-year).
- 2012: Revenue of $12.1M, expenses of $11.1M, and assets of $54.6M (revenue +0.1% year-over-year).
- 2011: Revenue of $12.1M, expenses of $10.0M, and assets of $55.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Empire Commons Student Housing Inc:
Data Sources and Methodology
This transparency report for Empire Commons Student Housing 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.