Hebrew Home For The Aged Atriverdale Foundation Inc
Hebrew Home For The Aged Atriverdale Foundation Inc. faces significant operational deficits despite substantial assets.
EIN: 204352212 · Bronx, NY · NTEE: I122 · Updated: 2026-03-28
Is Hebrew Home For The Aged Atriverdale Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hebrew Home For The Aged Atriverdale Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hebrew Home For The Aged Atriverdale Foundation Inc
Hebrew Home For The Aged Atriverdale Foundation Inc (EIN: 204352212) is a nonprofit organization based in Bronx, NY, classified under NTEE code I122. The organization reported total revenue of $23.8M and total assets of $71.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebrew Home For The Aged Atriverdale Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hebrew Home For The Aged Atriverdale Foundation Inc is a large nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.5M |
| Total Expenses | $28.7M |
| Surplus / Deficit | $-20,143,712 |
| Total Assets | $67.0M |
| Total Liabilities | $44.7M |
| Net Assets | $22.4M |
| Operating Margin | -235.8% |
| Debt-to-Asset Ratio | 66.6% |
| Months of Reserves | 28.0 months |
Financial Health Grade: C
In 2023, Hebrew Home For The Aged Atriverdale Foundation Inc reported a deficit of $20.1M with expenses exceeding revenue, holds 28.0 months of operating reserves (strong position), has a debt-to-asset ratio of 66.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hebrew Home For The Aged Atriverdale Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +42.3% | -31.9% |
| 2022 | -41.9% | +93.1% | -8.0% |
| 2021 | -31.3% | -69.0% | -2.2% |
| 2020 | +109.3% | +81.9% | +20.7% |
| 2019 | +46.3% | +801.8% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Hebrew Home For The Aged Atriverdale Foundation Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hebrew Home For The Aged Atriverdale Foundation 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 66.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive leadership or that executive compensation is categorized differently within the expense structure, which could obscure a complete picture of leadership costs relative to the organization's size and mission.
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 Hebrew Home For The Aged Atriverdale Foundation Inc's IRS 990 filings:
- Consistent and significant operational deficits in recent years (e.g., $20.1M in 2023, $11.9M in 2022).
- High expense-to-revenue ratio in multiple periods, indicating reliance on other funding sources or asset drawdowns.
- Unclear executive compensation reporting (0% officer compensation across all filings).
Strengths
The following positive indicators were identified for Hebrew Home For The Aged Atriverdale Foundation Inc:
- Substantial asset base ($71,006,578 in the latest filing) provides a financial cushion.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Hebrew Home For The Aged Atriverdale Foundation Inc
Is Hebrew Home For The Aged Atriverdale Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hebrew Home For The Aged Atriverdale Foundation Inc (EIN: 204352212) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Hebrew Home For The Aged Atriverdale Foundation Inc spend its money?
Hebrew Home For The Aged Atriverdale Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hebrew Home For The Aged Atriverdale Foundation Inc tax-deductible?
Hebrew Home For The Aged Atriverdale Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204352212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hebrew Home For The Aged Atriverdale Foundation Inc. financially sustainable given recent deficits?
The organization has reported significant operational deficits in recent years (e.g., $20.1M in 2023, $11.9M in 2022), with expenses consistently exceeding revenue. While it possesses substantial assets ($71M in the latest filing), this trend raises concerns about long-term financial sustainability without a clear strategy to address the funding gap.
How does the organization fund its operations given the revenue-expense discrepancies?
The consistent deficits suggest that the organization may be drawing from its substantial asset base or relying on prior period surpluses to cover operational costs. Further investigation into investment income or specific grant funding not reflected in 'revenue' might clarify this.
What is the reason for 0% officer compensation reported across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and asset base. It could indicate a volunteer executive board, or that compensation is reported under other expense categories, which would impact transparency regarding leadership costs.
Filing History
IRS 990 filing history for Hebrew Home For The Aged Atriverdale Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hebrew Home For The Aged Atriverdale Foundation Inc's revenue has grown by 244.7%, moving from $2.5M to $8.5M. Total assets increased by 164.1% over the same period, from $25.4M to $67.0M. Total functional expenses rose by 2086.3%, from $1.3M to $28.7M. In its most recent filing year (2023), Hebrew Home For The Aged Atriverdale Foundation Inc reported a deficit of $20.1M, with expenses exceeding revenue. The organization holds $44.7M in liabilities against $67.0M in assets (debt-to-asset ratio: 66.6%), resulting in net assets of $22.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.5M | $28.7M | $67.0M | $44.7M | — | — |
| 2022 | $8.2M | $20.2M | $98.4M | $57.9M | — | View 990 |
| 2021 | $14.1M | $10.4M | $107.0M | $50.2M | — | View 990 |
| 2020 | $20.6M | $33.6M | $109.4M | $57.0M | — | — |
| 2019 | $9.8M | $18.5M | $90.6M | $28.2M | — | View 990 |
| 2018 | $6.7M | $2.1M | $83.0M | $16.1M | — | View 990 |
| 2017 | $13.5M | $8.9M | $83.4M | $18.3M | — | — |
| 2016 | $2.9M | $1.3M | $73.6M | $13.3M | — | View 990 |
| 2015 | $14.1M | $3.2M | $72.1M | $13.5M | — | View 990 |
| 2014 | $31.2M | $1.4M | $61.6M | $13.1M | — | View 990 |
| 2013 | $7.2M | $985K | $33.4M | $14.3M | — | View 990 |
| 2012 | $2.0M | $1.3M | $27.6M | $14.9M | — | View 990 |
| 2011 | $2.5M | $1.3M | $25.4M | $14.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.5M, expenses of $28.7M, and assets of $67.0M (revenue +4.1% year-over-year).
- 2022: Revenue of $8.2M, expenses of $20.2M, and assets of $98.4M (revenue -41.9% year-over-year).
- 2021: Revenue of $14.1M, expenses of $10.4M, and assets of $107.0M (revenue -31.3% year-over-year).
- 2020: Revenue of $20.6M, expenses of $33.6M, and assets of $109.4M (revenue +109.3% year-over-year).
- 2019: Revenue of $9.8M, expenses of $18.5M, and assets of $90.6M (revenue +46.3% year-over-year).
- 2018: Revenue of $6.7M, expenses of $2.1M, and assets of $83.0M (revenue -50.2% year-over-year).
- 2017: Revenue of $13.5M, expenses of $8.9M, and assets of $83.4M (revenue +364.0% year-over-year).
- 2016: Revenue of $2.9M, expenses of $1.3M, and assets of $73.6M (revenue -79.4% year-over-year).
- 2015: Revenue of $14.1M, expenses of $3.2M, and assets of $72.1M (revenue -54.8% year-over-year).
- 2014: Revenue of $31.2M, expenses of $1.4M, and assets of $61.6M (revenue +334.9% year-over-year).
- 2013: Revenue of $7.2M, expenses of $985K, and assets of $33.4M (revenue +257.0% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.3M, and assets of $27.6M (revenue -18.9% year-over-year).
- 2011: Revenue of $2.5M, expenses of $1.3M, and assets of $25.4M.
Data Sources and Methodology
This transparency report for Hebrew Home For The Aged Atriverdale Foundation 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.