Family Residences And Essential Enterprises Inc
Family Residences And Essential Enterprises Inc shows consistent revenue growth and narrow operating surpluses over a decade.
EIN: 112420547 · Old Bethpage, NY · NTEE: F330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $177.2M |
| Total Expenses | $155.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $157 |
| Net Assets | $35.5M |
| Transparency Score | 78/100 |
Is Family Residences And Essential Enterprises Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Residences And Essential Enterprises Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Family Residences And Essential Enterprises Inc
Family Residences And Essential Enterprises Inc (EIN: 112420547) is a nonprofit organization based in Old Bethpage, NY, classified under NTEE code F330. The organization reported total revenue of $177.2M and total assets of $112.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Residences And Essential Enterprises Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Residences And Essential Enterprises Inc is a major nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $157.1M |
| Total Expenses | $155.1M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $99.9M |
| Total Liabilities | $64.4M |
| Net Assets | $35.5M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 64.5% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Family Residences And Essential Enterprises Inc reported a surplus of $2.0M with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 64.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Residences And Essential Enterprises Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.4% | -6.0% | -0.6% |
| 2022 | +40.3% | +31.7% | +6.4% |
| 2021 | +1.0% | +0.3% | +12.9% |
| 2020 | +8.6% | +8.2% | +17.7% |
| 2019 | +5.3% | +5.8% | +4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Family Residences And Essential Enterprises Inc with a Mission Score of 78 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Family Residences And Essential Enterprises Inc 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 $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 64.5%.
Executive Compensation Analysis
The provided IRS 990 data consistently reports 0% for Officer Compensation across all available periods. This is unusual for an organization of this size ($157 million in revenue in 2023) and warrants further investigation to understand how executive leadership is compensated, as it may be reported under different categories or through related entities.
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 Family Residences And Essential Enterprises Inc's IRS 990 filings:
- Consistent 0% reported for Officer Compensation, which is unusual for an organization of this scale and requires further investigation.
- Lack of detailed functional expense breakdown in the provided summary data, hindering a precise assessment of spending efficiency.
Strengths
The following positive indicators were identified for Family Residences And Essential Enterprises Inc:
- Consistent and substantial revenue growth, from $88.2 million in 2014 to $157.1 million in 2023, indicating strong operational capacity and demand for services.
- Maintains narrow operating surpluses, demonstrating careful financial management and a focus on utilizing funds for current operations rather than accumulating large reserves.
- Significant asset growth, from $60.5 million in 2014 to $99.8 million in 2023, suggesting investment in infrastructure and capacity to support its mission.
- Long filing history (13 filings) indicates sustained operations and compliance with IRS reporting requirements.
Frequently Asked Questions about Family Residences And Essential Enterprises Inc
Is Family Residences And Essential Enterprises Inc a legitimate charity?
Family Residences And Essential Enterprises Inc (EIN: 112420547) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $177.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Family Residences And Essential Enterprises Inc spend its money?
Family Residences And Essential Enterprises Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Family Residences And Essential Enterprises Inc tax-deductible?
Family Residences And Essential Enterprises Inc is registered as a tax-exempt nonprofit (EIN: 112420547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Family Residences And Essential Enterprises Inc CEO make?
Family Residences And Essential Enterprises Inc's highest-compensated officer earns $157 annually. The organization reported $177.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Family Residences And Essential Enterprises Inc's spending goes to programs?
Family Residences And Essential Enterprises Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Family Residences And Essential Enterprises Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Family Residences And Essential Enterprises Inc is above average for NTEE category F330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Family Residences And Essential Enterprises Inc located?
Family Residences And Essential Enterprises Inc is headquartered in Old Bethpage, New York and files with the IRS under EIN 112420547. It is classified under NTEE code F330.
How many years of IRS 990 filings does Family Residences And Essential Enterprises Inc have?
Family Residences And Essential Enterprises 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 $177.2M in total revenue.
How are executive officers compensated if 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% for 'Officer Comp' across all available IRS 990 filings for an organization with over $150 million in annual revenue is highly unusual. This suggests that executive compensation might be reported under different expense categories, paid through related organizations, or that the provided summary data does not capture the full picture of compensation for key management personnel. Further review of the full 990 forms, specifically Part VII, Section A, would be necessary to understand how the organization's leadership is compensated.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To assess spending efficiency accurately, it would be crucial to examine the full IRS 990 forms, specifically Part IX, Statement of Functional Expenses, which provides these details. Without this, the estimated spending breakdown is based on typical ratios for similar organizations.
What is the organization's strategy for managing its liabilities, which are substantial relative to assets?
The organization consistently carries significant liabilities, such as $64,393,991 in 2023 against $99,866,528 in assets. While this is not uncommon for organizations with substantial property, plant, and equipment or those receiving advance payments for services, understanding the nature of these liabilities (e.g., mortgages, program-related debt, deferred revenue) and the organization's strategy for managing them is important for a complete financial picture.
Filing History
IRS 990 filing history for Family Residences And Essential Enterprises Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Residences And Essential Enterprises Inc's revenue has grown by 99.8%, moving from $78.6M to $157.1M. Total assets increased by 63.4% over the same period, from $61.1M to $99.9M. Total functional expenses rose by 98.2%, from $78.3M to $155.1M. In its most recent filing year (2023), Family Residences And Essential Enterprises Inc reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $64.4M in liabilities against $99.9M in assets (debt-to-asset ratio: 64.5%), resulting in net assets of $35.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $157.1M | $155.1M | $99.9M | $64.4M | — | View 990 |
| 2022 | $177.2M | $165.0M | $100.5M | $68.4M | — | — |
| 2021 | $126.4M | $125.3M | $94.5M | $76.7M | — | View 990 |
| 2020 | $125.2M | $125.0M | $83.7M | $68.8M | — | View 990 |
| 2019 | $115.3M | $115.5M | $71.1M | $56.4M | — | View 990 |
| 2018 | $109.5M | $109.1M | $68.4M | $53.7M | — | View 990 |
| 2017 | $111.9M | $107.7M | $65.5M | $51.2M | — | View 990 |
| 2016 | $105.8M | $105.1M | $61.5M | $51.4M | — | View 990 |
| 2015 | $95.3M | $95.2M | $66.7M | $59.1M | — | View 990 |
| 2014 | $88.2M | $87.4M | $60.6M | $53.1M | — | View 990 |
| 2013 | $84.2M | $83.7M | $56.1M | $49.1M | — | View 990 |
| 2012 | $79.5M | $79.2M | $59.8M | $54.0M | — | View 990 |
| 2011 | $78.6M | $78.3M | $61.1M | $55.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $157.1M, expenses of $155.1M, and assets of $99.9M (revenue -11.4% year-over-year).
- 2022: Revenue of $177.2M, expenses of $165.0M, and assets of $100.5M (revenue +40.3% year-over-year).
- 2021: Revenue of $126.4M, expenses of $125.3M, and assets of $94.5M (revenue +1.0% year-over-year).
- 2020: Revenue of $125.2M, expenses of $125.0M, and assets of $83.7M (revenue +8.6% year-over-year).
- 2019: Revenue of $115.3M, expenses of $115.5M, and assets of $71.1M (revenue +5.3% year-over-year).
- 2018: Revenue of $109.5M, expenses of $109.1M, and assets of $68.4M (revenue -2.2% year-over-year).
- 2017: Revenue of $111.9M, expenses of $107.7M, and assets of $65.5M (revenue +5.8% year-over-year).
- 2016: Revenue of $105.8M, expenses of $105.1M, and assets of $61.5M (revenue +11.0% year-over-year).
- 2015: Revenue of $95.3M, expenses of $95.2M, and assets of $66.7M (revenue +8.1% year-over-year).
- 2014: Revenue of $88.2M, expenses of $87.4M, and assets of $60.6M (revenue +4.8% year-over-year).
- 2013: Revenue of $84.2M, expenses of $83.7M, and assets of $56.1M (revenue +5.9% year-over-year).
- 2012: Revenue of $79.5M, expenses of $79.2M, and assets of $59.8M (revenue +1.1% year-over-year).
- 2011: Revenue of $78.6M, expenses of $78.3M, and assets of $61.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Residences And Essential Enterprises Inc:
Data Sources and Methodology
This transparency report for Family Residences And Essential Enterprises 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.