Institute For Senior Living Of Florida Inc
Institute For Senior Living of Florida Inc reports consistent operating deficits and a highly leveraged financial structure in 2022.
EIN: 200904526 · Bala Cynwyd, PA · NTEE: P75 · Updated: 2026-03-28
Is Institute For Senior Living Of Florida Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Institute For Senior Living Of Florida Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Institute For Senior Living Of Florida Inc
Institute For Senior Living Of Florida Inc (EIN: 200904526) is a nonprofit organization based in Bala Cynwyd, PA, classified under NTEE code P75. The organization reported total revenue of $46.3M and total assets of $115.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Institute For Senior Living Of Florida Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Institute For Senior Living Of Florida 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Institute For Senior Living Of Florida 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.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is unusual for an organization of this size and financial activity, suggesting that key management personnel may be compensated through other entities or structures not reflected in this specific line item on the 990.
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 Institute For Senior Living Of Florida Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $7.6M deficit in 2022).
- Extremely high liability-to-asset ratio in 2022 (approx. 97.8%), indicating high leverage.
- Unexplained dramatic increase in assets and liabilities between 2021 and 2022.
- 0% officer compensation reported for an organization of this size, which may obscure actual executive remuneration.
Strengths
The following positive indicators were identified for Institute For Senior Living Of Florida Inc:
- Significant scale of operations, serving a large population of seniors.
- Consistent revenue generation over $45 million annually.
- Long filing history (13 filings), indicating established operations.
Frequently Asked Questions about Institute For Senior Living Of Florida Inc
Is Institute For Senior Living Of Florida Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Institute For Senior Living Of Florida Inc (EIN: 200904526) some concerns. Mission Score: 65/100. 4 red flags identified, 3 strengths noted.
How does Institute For Senior Living Of Florida Inc spend its money?
Institute For Senior Living Of Florida Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Institute For Senior Living Of Florida Inc tax-deductible?
Institute For Senior Living Of Florida Inc is registered as a tax-exempt nonprofit (EIN: 200904526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did assets and liabilities increase so dramatically between 2021 and 2022?
Between 2021 and 2022, assets increased from $18,781,987 to $115,199,259, and liabilities from $8,610,170 to $112,647,034. This significant change suggests a major financial event, such as an acquisition, significant capital investment, or a substantial increase in debt, which would require further detail from the organization's financial statements.
How does the organization cover its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue in recent years (e.g., $53,894,994 expenses vs. $46,275,402 revenue in 2022). This suggests that deficits are likely covered by drawing down reserves, new debt, or other non-operating income sources, which should be clarified in their full financial statements.
Is the 0% officer compensation accurate for all key management personnel?
The consistent reporting of 0% officer compensation is highly unusual for an organization with over $46 million in revenue. It raises questions about how key management personnel are compensated, if not directly through this organization, or if they are volunteers.
Filing History
IRS 990 filing history for Institute For Senior Living Of Florida Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2022), Institute For Senior Living Of Florida Inc's revenue has grown by 8.7%, moving from $42.6M to $46.3M. Total assets increased by 736.3% over the same period, from $13.8M to $115.2M. Total functional expenses rose by 34.5%, from $40.1M to $53.9M. In its most recent filing year (2022), Institute For Senior Living Of Florida Inc reported a deficit of $7.6M, with expenses exceeding revenue. The organization holds $112.6M in liabilities against $115.2M in assets (debt-to-asset ratio: 97.8%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $46.3M | $53.9M | $115.2M | $112.6M | — | — |
| 2021 | $50.1M | $54.0M | $18.8M | $8.6M | — | View 990 |
| 2020 | $52.2M | $52.4M | $21.9M | $7.8M | — | — |
| 2019 | $47.3M | $48.7M | $20.6M | $6.4M | — | View 990 |
| 2018 | $51.5M | $50.8M | $20.8M | $5.0M | — | View 990 |
| 2017 | $23.7M | $24.5M | $20.2M | $5.0M | — | View 990 |
| 2017 | $45.5M | $47.6M | $21.1M | $5.0M | — | View 990 |
| 2016 | $47.4M | $47.0M | $21.5M | $3.4M | — | View 990 |
| 2015 | $48.0M | $46.2M | $22.1M | $4.4M | — | View 990 |
| 2014 | $45.5M | $44.3M | $21.0M | $5.0M | — | View 990 |
| 2013 | $46.7M | $42.8M | $18.0M | $4.5M | — | View 990 |
| 2012 | $40.9M | $40.0M | $14.4M | $4.7M | — | View 990 |
| 2011 | $42.6M | $40.1M | $13.8M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $46.3M, expenses of $53.9M, and assets of $115.2M (revenue -7.5% year-over-year).
- 2021: Revenue of $50.1M, expenses of $54.0M, and assets of $18.8M (revenue -4.1% year-over-year).
- 2020: Revenue of $52.2M, expenses of $52.4M, and assets of $21.9M (revenue +10.4% year-over-year).
- 2019: Revenue of $47.3M, expenses of $48.7M, and assets of $20.6M (revenue -8.2% year-over-year).
- 2018: Revenue of $51.5M, expenses of $50.8M, and assets of $20.8M (revenue +117.3% year-over-year).
- 2017: Revenue of $23.7M, expenses of $24.5M, and assets of $20.2M (revenue -48.0% year-over-year).
- 2017: Revenue of $45.5M, expenses of $47.6M, and assets of $21.1M (revenue -3.9% year-over-year).
- 2016: Revenue of $47.4M, expenses of $47.0M, and assets of $21.5M (revenue -1.2% year-over-year).
- 2015: Revenue of $48.0M, expenses of $46.2M, and assets of $22.1M (revenue +5.4% year-over-year).
- 2014: Revenue of $45.5M, expenses of $44.3M, and assets of $21.0M (revenue -2.5% year-over-year).
- 2013: Revenue of $46.7M, expenses of $42.8M, and assets of $18.0M (revenue +14.0% year-over-year).
- 2012: Revenue of $40.9M, expenses of $40.0M, and assets of $14.4M (revenue -3.8% year-over-year).
- 2011: Revenue of $42.6M, expenses of $40.1M, and assets of $13.8M.
Data Sources and Methodology
This transparency report for Institute For Senior Living Of Florida 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.