F F T Senior Communities Inc
F F T Senior Communities Inc consistently operates with a revenue surplus and no reported officer compensation, but carries significant liabilities exceeding assets.
EIN: 161557494 · Canandaigua, NY · NTEE: P750 · Updated: 2026-03-28
Is F F T Senior Communities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
F F T Senior Communities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About F F T Senior Communities Inc
F F T Senior Communities Inc (EIN: 161557494) is a nonprofit organization based in Canandaigua, NY, classified under NTEE code P750. The organization reported total revenue of $12.3M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of F F T Senior Communities 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 F F T Senior Communities Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, F F T Senior Communities Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
F F T Senior Communities Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with over $6 million in annual revenue and $20 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 F F T Senior Communities Inc's IRS 990 filings:
- Consistent liabilities significantly exceeding assets, indicating potential long-term debt reliance.
- 0% officer compensation reported for an organization of this size, which is highly unusual and warrants further inquiry into leadership compensation structure.
Strengths
The following positive indicators were identified for F F T Senior Communities Inc:
- Consistent revenue generation and operational surpluses, demonstrating financial stability.
- No reported officer compensation, suggesting a strong commitment to directing funds towards programmatic services.
- Clear mission alignment with NTEE code P750 (Continuing Care Retirement Communities).
- Steady growth in assets and revenue over the past decade.
Frequently Asked Questions about F F T Senior Communities Inc
Is F F T Senior Communities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, F F T Senior Communities Inc (EIN: 161557494) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does F F T Senior Communities Inc spend its money?
F F T Senior Communities Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to F F T Senior Communities Inc tax-deductible?
F F T Senior Communities Inc is registered as a tax-exempt nonprofit (EIN: 161557494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is F F T Senior Communities Inc a good charity?
Based on the available data, F F T Senior Communities Inc appears to be a financially stable organization with consistent revenue and expenses, and a strong commitment to its mission as evidenced by 0% officer compensation. However, the significant liabilities exceeding assets warrant further investigation into its long-term financial health.
Why are liabilities consistently higher than assets?
The consistent trend of liabilities exceeding assets (e.g., $27,193,864 liabilities vs. $20,012,607 assets in 2023) suggests a reliance on debt financing, potentially for facility development or long-term operational commitments. This is a critical area for potential donors or stakeholders to understand the nature of these obligations.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that leadership roles might be filled by volunteers, compensated through other means not classified as 'officer compensation' on the 990, or that the organization has a unique operational structure. This practice, while potentially efficient, could also raise questions about sustainability or the true cost of leadership.
What is the trend in the organization's financial growth?
F F T Senior Communities Inc has shown modest revenue growth over the past decade, increasing from $5,140,448 in 2014 to $6,783,659 in 2023. Assets have also grown from $17,020,059 to $20,012,607 in the same period, indicating a steady, albeit not rapid, expansion of its financial base.
Filing History
IRS 990 filing history for F F T Senior Communities Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), F F T Senior Communities Inc's revenue has grown by 34.1%, moving from $5.1M to $6.8M. Total assets increased by 5.5% over the same period, from $19.0M to $20.0M. Total functional expenses rose by 23%, from $5.1M to $6.3M. In its most recent filing year (2023), F F T Senior Communities Inc reported a surplus of $532K, with revenue exceeding expenses. The organization holds $27.2M in liabilities against $20.0M in assets (debt-to-asset ratio: 135.9%), resulting in net assets of $-7,181,257.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $6.3M | $20.0M | $27.2M | — | — |
| 2022 | $6.3M | $6.0M | $19.3M | $27.2M | — | — |
| 2021 | $6.2M | $5.7M | $19.4M | $27.5M | — | View 990 |
| 2020 | $6.1M | $5.7M | $19.0M | $28.1M | — | View 990 |
| 2019 | $6.0M | $5.7M | $18.3M | $27.7M | — | View 990 |
| 2018 | $6.0M | $5.7M | $17.9M | $27.9M | — | View 990 |
| 2017 | $7.1M | $5.5M | $18.1M | $23.0M | — | — |
| 2016 | $5.9M | $5.3M | $16.6M | $23.3M | — | View 990 |
| 2015 | $5.5M | $5.1M | $17.0M | $24.5M | — | View 990 |
| 2014 | $5.1M | $4.9M | $17.0M | $24.8M | — | View 990 |
| 2013 | $5.0M | $4.9M | $16.8M | $24.9M | — | View 990 |
| 2012 | $4.9M | $5.3M | $16.8M | $25.1M | — | View 990 |
| 2011 | $5.1M | $5.1M | $19.0M | $26.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $6.3M, and assets of $20.0M (revenue +7.7% year-over-year).
- 2022: Revenue of $6.3M, expenses of $6.0M, and assets of $19.3M (revenue +1.7% year-over-year).
- 2021: Revenue of $6.2M, expenses of $5.7M, and assets of $19.4M (revenue +2.0% year-over-year).
- 2020: Revenue of $6.1M, expenses of $5.7M, and assets of $19.0M (revenue +0.7% year-over-year).
- 2019: Revenue of $6.0M, expenses of $5.7M, and assets of $18.3M (revenue +0.9% year-over-year).
- 2018: Revenue of $6.0M, expenses of $5.7M, and assets of $17.9M (revenue -15.7% year-over-year).
- 2017: Revenue of $7.1M, expenses of $5.5M, and assets of $18.1M (revenue +20.4% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.3M, and assets of $16.6M (revenue +6.0% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.1M, and assets of $17.0M (revenue +8.0% year-over-year).
- 2014: Revenue of $5.1M, expenses of $4.9M, and assets of $17.0M (revenue +3.1% year-over-year).
- 2013: Revenue of $5.0M, expenses of $4.9M, and assets of $16.8M (revenue +1.7% year-over-year).
- 2012: Revenue of $4.9M, expenses of $5.3M, and assets of $16.8M (revenue -3.1% year-over-year).
- 2011: Revenue of $5.1M, expenses of $5.1M, and assets of $19.0M.
Data Sources and Methodology
This transparency report for F F T Senior Communities 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.