Francis E Parker Assisted Living Center Inc

Francis E Parker Assisted Living Center Inc. consistently operates at a significant deficit, with expenses nearly double its revenue in recent years.

EIN: 202937952 · Piscataway, NJ · NTEE: P75 · Updated: 2026-03-28

$4.9MRevenue

$17.9MAssets

45/100Mission Score (Fair)

P75

About Francis E Parker Assisted Living Center Inc

Francis E Parker Assisted Living Center Inc (EIN: 202937952) is a nonprofit organization based in Piscataway, NJ, classified under NTEE code P75. The organization reported total revenue of $4.9M and total assets of $17.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis E Parker Assisted Living Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Francis E Parker Assisted Living Center Inc. exhibits a concerning financial trend, consistently operating at a significant deficit for at least the past decade. In 2023, the organization reported revenues of $4,538,721 against expenses of $8,675,754, indicating expenses nearly double its income. This pattern is consistent across all available filings, with expenses routinely exceeding revenue by millions of dollars. While the organization maintains substantial assets, reported at $18,564,417 in 2023, these assets have been steadily declining from a high of $26,053,843 in 2014, suggesting the organization may be drawing down its reserves to cover operational shortfalls. The consistent deficits raise questions about the long-term sustainability of its financial model.

The organization's transparency regarding executive compensation is notable, with 0% reported for officer compensation across all available filings. This indicates either that executive roles are unpaid, or compensation is structured in a way that isn't reported as 'officer compensation' on the 990, which warrants further investigation for complete transparency. The NTEE code P75 (Assisted Living Facilities) suggests a direct service model, and understanding the allocation of its substantial expenses is crucial to assess spending efficiency. Without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is challenging, but the consistent operational losses are a primary concern.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Francis E Parker Assisted Living Center 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, Francis E Parker Assisted Living Center 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is unusual for an organization of this size with nearly $5 million in annual revenue and substantial assets. This suggests either a fully volunteer executive leadership or compensation is categorized differently, requiring further clarification for a complete understanding of financial practices.

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 Francis E Parker Assisted Living Center Inc's IRS 990 filings:

Consistent and significant operational deficits (e.g., $4.1 million deficit in 2023).
Declining asset base over the past decade, suggesting reliance on reserves to cover deficits.
Unusual reporting of 0% officer compensation for an organization of this size.
Lack of detailed expense breakdown in available data, hindering assessment of spending efficiency.

Strengths

The following positive indicators were identified for Francis E Parker Assisted Living Center Inc:

Maintains substantial assets ($18.5 million in 2023) despite operational deficits.
Consistent filing history (13 filings) indicates adherence to reporting requirements.

Frequently Asked Questions about Francis E Parker Assisted Living Center Inc

How does Francis E Parker Assisted Living Center Inc. sustain operations with consistent multi-million dollar deficits?

The organization has consistently reported expenses significantly exceeding revenues, for example, $8,675,754 in expenses against $4,538,721 in revenue in 2023. This suggests they are likely drawing down their substantial assets, which have decreased from over $26 million in 2014 to $18.5 million in 2023, to cover operational shortfalls.

What is the long-term financial strategy given the declining asset base?

The consistent decline in assets, from $26,053,843 in 2014 to $18,564,417 in 2023, coupled with ongoing operational deficits, indicates a potential reliance on reserves. The long-term strategy for financial sustainability and asset preservation is not evident from the provided data.

Why is officer compensation reported as 0% across all filings?

Reporting 0% for officer compensation is highly unusual for an organization with nearly $5 million in revenue. This could mean executive roles are unpaid, or compensation is structured and reported under different expense categories, which would require more detailed financial statements to understand.

What is the breakdown of the organization's significant expenses?

The provided data only shows total expenses (e.g., $8,675,754 in 2023) but does not offer a detailed breakdown into program, administrative, or fundraising costs. This lack of detail makes it difficult to assess spending efficiency and program focus.

Filing History

IRS 990 filing history for Francis E Parker Assisted Living Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Francis E Parker Assisted Living Center Inc's revenue has grown by 31.1%, moving from $3.5M to $4.5M. Total assets decreased by 35.5% over the same period, from $28.8M to $18.6M. Total functional expenses rose by 22%, from $7.1M to $8.7M. In its most recent filing year (2023), Francis E Parker Assisted Living Center Inc reported a deficit of $4.1M, with expenses exceeding revenue. The organization holds $227K in liabilities against $18.6M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $18.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.5M	$8.7M	$18.6M	$227K	—	—
2022	$4.2M	$8.3M	$19.7M	$232K	—	—
2021	$4.1M	$8.0M	$21.0M	$211K	—	View 990
2020	$3.9M	$7.8M	$21.2M	$263K	—	—
2019	$4.1M	$8.5M	$21.9M	$289K	—	View 990
2018	$4.0M	$7.9M	$22.9M	$323K	—	View 990
2017	$3.9M	$7.2M	$23.7M	$355K	—	—
2016	$3.9M	$7.4M	$25.1M	$465K	—	View 990
2015	$3.8M	$8.4M	$25.6M	$306K	—	View 990
2014	$3.8M	$7.9M	$26.1M	$231K	—	View 990
2013	$3.7M	$7.8M	$27.1M	$263K	—	View 990
2012	$3.7M	$7.5M	$28.1M	$460K	—	View 990
2011	$3.5M	$7.1M	$28.8M	$255K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.5M, expenses of $8.7M, and assets of $18.6M (revenue +8.2% year-over-year).
2022: Revenue of $4.2M, expenses of $8.3M, and assets of $19.7M (revenue +2.2% year-over-year).
2021: Revenue of $4.1M, expenses of $8.0M, and assets of $21.0M (revenue +5.1% year-over-year).
2020: Revenue of $3.9M, expenses of $7.8M, and assets of $21.2M (revenue -5.0% year-over-year).
2019: Revenue of $4.1M, expenses of $8.5M, and assets of $21.9M (revenue +3.3% year-over-year).
2018: Revenue of $4.0M, expenses of $7.9M, and assets of $22.9M (revenue +1.9% year-over-year).
2017: Revenue of $3.9M, expenses of $7.2M, and assets of $23.7M (revenue -0.4% year-over-year).
2016: Revenue of $3.9M, expenses of $7.4M, and assets of $25.1M (revenue +2.0% year-over-year).
2015: Revenue of $3.8M, expenses of $8.4M, and assets of $25.6M (revenue +1.9% year-over-year).
2014: Revenue of $3.8M, expenses of $7.9M, and assets of $26.1M (revenue +1.8% year-over-year).
2013: Revenue of $3.7M, expenses of $7.8M, and assets of $27.1M (revenue +1.2% year-over-year).
2012: Revenue of $3.7M, expenses of $7.5M, and assets of $28.1M (revenue +5.8% year-over-year).
2011: Revenue of $3.5M, expenses of $7.1M, and assets of $28.8M.

Data Sources and Methodology

This transparency report for Francis E Parker Assisted Living Center 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.