Independent Living For Seniors Inc
Independent Living For Seniors Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 161491059 · Rochester, NY · NTEE: X00Z · Updated: 2026-03-28
Is Independent Living For Seniors Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Living For Seniors Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Living For Seniors Inc
Independent Living For Seniors Inc (EIN: 161491059) is a nonprofit organization based in Rochester, NY, classified under NTEE code X00Z. The organization reported total revenue of $110.7M and total assets of $86.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Living For Seniors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Living For Seniors Inc is a major nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $99.4M |
| Total Expenses | $85.2M |
| Surplus / Deficit | +$14.2M |
| Total Assets | $81.5M |
| Total Liabilities | $19.9M |
| Net Assets | $61.6M |
| Operating Margin | 14.3% |
| Debt-to-Asset Ratio | 24.4% |
| Months of Reserves | 11.5 months |
Financial Health Grade: A
In 2023, Independent Living For Seniors Inc reported a surplus of $14.2M with revenue exceeding expenses, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 24.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Independent Living For Seniors Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +9.6% | +13.6% |
| 2022 | +9.5% | +9.8% | +16.5% |
| 2021 | -1.2% | -0.4% | +17.5% |
| 2020 | +7.7% | -3.6% | +32.8% |
| 2019 | -1.9% | -0.7% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Independent Living For Seniors Inc with a Mission Score of 88 out of 100 (Excellent). 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, Independent Living For Seniors 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 $14.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with nearly $100 million in annual revenue and suggests either a fully volunteer executive leadership or compensation is reported under different categories.
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 Independent Living For Seniors Inc's IRS 990 filings:
- Consistent 0% officer compensation for a large organization, which warrants further investigation into executive compensation structure.
- Lack of detailed functional expense breakdown in summary data, making it difficult to precisely assess program efficiency.
Strengths
The following positive indicators were identified for Independent Living For Seniors Inc:
- Consistent and significant revenue growth, from $50M in 2014 to $99M in 2023.
- Strong asset growth, increasing from $25M in 2014 to $81M in 2023, indicating financial stability.
- Positive net income (revenue exceeding expenses) in most reported periods, demonstrating sound financial management.
- Healthy asset-to-liability ratio, with assets consistently much higher than liabilities.
Frequently Asked Questions about Independent Living For Seniors Inc
Is Independent Living For Seniors Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Independent Living For Seniors Inc (EIN: 161491059) some concerns. Mission Score: 88/100. 2 red flags identified, 4 strengths noted.
How does Independent Living For Seniors Inc spend its money?
Independent Living For Seniors Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Independent Living For Seniors Inc tax-deductible?
Independent Living For Seniors Inc is registered as a tax-exempt nonprofit (EIN: 161491059). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Independent Living For Seniors Inc manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation for an organization with nearly $100 million in revenue is highly unusual. It suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently on the 990 form (e.g., as 'salaries and wages' for non-officer employees) which would require reviewing the full 990 for clarification.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To understand the organization's spending efficiency in these areas, one would need to review Part IX of the full IRS Form 990 for each fiscal year.
What is the organization's primary source of revenue?
The summary data indicates 'Revenue' without specifying its source (e.g., government grants, program service fees, contributions). To determine the primary source of revenue, a review of Part VIII of the full IRS Form 990 would be necessary.
How do the liabilities compare to the assets over time?
The organization's assets have grown significantly from $25.2 million in 2014 to $81.5 million in 2023, while liabilities have fluctuated but remained a smaller proportion, ranging from $14.0 million to $25.9 million. This indicates a healthy balance sheet with substantial net assets.
Filing History
IRS 990 filing history for Independent Living For Seniors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Living For Seniors Inc's revenue has grown by 264%, moving from $27.3M to $99.4M. Total assets increased by 496% over the same period, from $13.7M to $81.5M. Total functional expenses rose by 215.6%, from $27.0M to $85.2M. In its most recent filing year (2023), Independent Living For Seniors Inc reported a surplus of $14.2M, with revenue exceeding expenses. The organization holds $19.9M in liabilities against $81.5M in assets (debt-to-asset ratio: 24.4%), resulting in net assets of $61.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $99.4M | $85.2M | $81.5M | $19.9M | — | — |
| 2022 | $86.5M | $77.8M | $71.7M | $26.0M | — | View 990 |
| 2021 | $79.0M | $70.9M | $61.6M | $21.2M | — | View 990 |
| 2020 | $80.0M | $71.1M | $52.4M | $21.2M | — | View 990 |
| 2019 | $74.2M | $73.8M | $39.5M | $18.6M | — | View 990 |
| 2018 | $75.7M | $74.3M | $34.5M | $16.2M | — | View 990 |
| 2017 | $68.4M | $66.5M | $32.6M | $15.1M | — | View 990 |
| 2016 | $62.8M | $61.6M | $30.6M | $15.3M | — | View 990 |
| 2015 | $61.6M | $58.4M | $31.3M | $17.6M | — | View 990 |
| 2014 | $50.1M | $47.4M | $25.2M | $14.1M | — | View 990 |
| 2013 | $39.8M | $37.0M | $22.1M | $13.3M | — | View 990 |
| 2012 | $32.1M | $30.2M | $18.6M | $12.6M | — | View 990 |
| 2011 | $27.3M | $27.0M | $13.7M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $99.4M, expenses of $85.2M, and assets of $81.5M (revenue +14.9% year-over-year).
- 2022: Revenue of $86.5M, expenses of $77.8M, and assets of $71.7M (revenue +9.5% year-over-year).
- 2021: Revenue of $79.0M, expenses of $70.9M, and assets of $61.6M (revenue -1.2% year-over-year).
- 2020: Revenue of $80.0M, expenses of $71.1M, and assets of $52.4M (revenue +7.7% year-over-year).
- 2019: Revenue of $74.2M, expenses of $73.8M, and assets of $39.5M (revenue -1.9% year-over-year).
- 2018: Revenue of $75.7M, expenses of $74.3M, and assets of $34.5M (revenue +10.6% year-over-year).
- 2017: Revenue of $68.4M, expenses of $66.5M, and assets of $32.6M (revenue +9.0% year-over-year).
- 2016: Revenue of $62.8M, expenses of $61.6M, and assets of $30.6M (revenue +1.9% year-over-year).
- 2015: Revenue of $61.6M, expenses of $58.4M, and assets of $31.3M (revenue +23.1% year-over-year).
- 2014: Revenue of $50.1M, expenses of $47.4M, and assets of $25.2M (revenue +25.8% year-over-year).
- 2013: Revenue of $39.8M, expenses of $37.0M, and assets of $22.1M (revenue +24.0% year-over-year).
- 2012: Revenue of $32.1M, expenses of $30.2M, and assets of $18.6M (revenue +17.4% year-over-year).
- 2011: Revenue of $27.3M, expenses of $27.0M, and assets of $13.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Living For Seniors Inc:
Data Sources and Methodology
This transparency report for Independent Living For Seniors 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.