Ives Hill Retirement Community Inc
Ives Hill Retirement Community consistently generates surpluses and has no reported officer compensation.
EIN: 161529379 · Watertown, NY · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Ives Hill Retirement Community Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ives Hill Retirement Community Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ives Hill Retirement Community Inc
Ives Hill Retirement Community Inc (EIN: 161529379) is a nonprofit organization based in Watertown, NY, classified under NTEE code L22. The organization reported total revenue of $2.4M and total assets of $10.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ives Hill Retirement Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ives Hill Retirement Community Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$536K |
| Total Assets | $12.4M |
| Total Liabilities | $10.6M |
| Net Assets | $1.8M |
| Operating Margin | 20.6% |
| Debt-to-Asset Ratio | 85.7% |
| Months of Reserves | 72.0 months |
Financial Health Grade: A
In 2023, Ives Hill Retirement Community Inc reported a surplus of $536K with revenue exceeding expenses, holds 72.0 months of operating reserves (strong position), has a debt-to-asset ratio of 85.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ives Hill Retirement Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.3% | -1.6% | +4.5% |
| 2022 | -1.8% | +7.6% | -0.3% |
| 2021 | +9.7% | +5.9% | -2.8% |
| 2020 | +6.8% | +24.3% | +33.3% |
| 2019 | +0.4% | -4.1% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Ives Hill Retirement Community Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, Ives Hill Retirement Community Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $536K, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with revenues exceeding $2 million annually, suggesting either a volunteer leadership model or compensation is structured differently and not reported as officer compensation.
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 Ives Hill Retirement Community Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation, which may warrant further investigation into how leadership is compensated or supported.
Strengths
The following positive indicators were identified for Ives Hill Retirement Community Inc:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $535,652 surplus in 2023).
- Steady growth in assets, from $9,820,867 in 2014 to $12,375,114 in 2023, indicating financial stability.
- No reported officer compensation across all filings, suggesting efficient use of funds for mission-related activities.
- Strong transparency with 13 consistent IRS 990 filings.
- Positive net assets, with assets consistently exceeding liabilities.
Frequently Asked Questions about Ives Hill Retirement Community Inc
Is Ives Hill Retirement Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ives Hill Retirement Community Inc (EIN: 161529379) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Ives Hill Retirement Community Inc spend its money?
Ives Hill Retirement Community Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ives Hill Retirement Community Inc tax-deductible?
Ives Hill Retirement Community Inc is registered as a tax-exempt nonprofit (EIN: 161529379). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Ives Hill Retirement Community Inc CEO make?
Ives Hill Retirement Community Inc's highest-compensated officer earns $2 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Ives Hill Retirement Community Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Ives Hill Retirement Community Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ives Hill Retirement Community Inc located?
Ives Hill Retirement Community Inc is headquartered in Watertown, New York and files with the IRS under EIN 161529379. It is classified under NTEE code L22.
How many years of IRS 990 filings does Ives Hill Retirement Community Inc have?
Ives Hill Retirement Community 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 $2.4M in total revenue.
Is Ives Hill Retirement Community Inc a good charity?
Based on the available financial data, Ives Hill Retirement Community Inc appears to be a financially stable organization with consistent surpluses and growing assets. The absence of reported officer compensation is a significant positive, suggesting efficient use of funds. Its consistent filing of IRS 990s also indicates good transparency.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Assets have grown from $9,820,867 in 2014 to $12,375,114 in 2023, and revenues have generally outpaced expenses, leading to consistent surpluses, such as the $535,652 surplus in 2023 ($2,596,854 revenue - $2,061,202 expenses).
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant. It means that no individuals identified as officers by the IRS received compensation directly from the organization. This could indicate a volunteer-led board or that compensation for leadership roles is covered by a related entity or structured in a way not reported as officer compensation on the 990.
Filing History
IRS 990 filing history for Ives Hill Retirement Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ives Hill Retirement Community Inc's revenue has grown by 46.4%, moving from $1.8M to $2.6M. Total assets increased by 17% over the same period, from $10.6M to $12.4M. Total functional expenses rose by 33.6%, from $1.5M to $2.1M. In its most recent filing year (2023), Ives Hill Retirement Community Inc reported a surplus of $536K, with revenue exceeding expenses. The organization holds $10.6M in liabilities against $12.4M in assets (debt-to-asset ratio: 85.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.1M | $12.4M | $10.6M | — | — |
| 2022 | $2.1M | $2.1M | $11.8M | $10.6M | — | View 990 |
| 2021 | $2.1M | $1.9M | $11.9M | $10.6M | — | View 990 |
| 2020 | $1.9M | $1.8M | $12.2M | $11.1M | — | View 990 |
| 2019 | $1.8M | $1.5M | $9.2M | $8.1M | — | View 990 |
| 2018 | $1.8M | $1.5M | $9.8M | $8.0M | — | View 990 |
| 2017 | $1.7M | $1.6M | $9.3M | $7.7M | — | View 990 |
| 2016 | $1.7M | $1.6M | $9.1M | $7.6M | — | View 990 |
| 2015 | $1.9M | $1.7M | $9.3M | $7.9M | — | View 990 |
| 2014 | $2.0M | $1.8M | $9.8M | $8.6M | — | View 990 |
| 2013 | $2.0M | $1.9M | $10.0M | $8.9M | — | View 990 |
| 2012 | $1.9M | $1.7M | $10.5M | $9.5M | — | View 990 |
| 2011 | $1.8M | $1.5M | $10.6M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.1M, and assets of $12.4M (revenue +25.3% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $11.8M (revenue -1.8% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.9M, and assets of $11.9M (revenue +9.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.8M, and assets of $12.2M (revenue +6.8% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.5M, and assets of $9.2M (revenue +0.4% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $9.8M (revenue +6.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $9.3M (revenue -0.3% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.6M, and assets of $9.1M (revenue -11.0% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.7M, and assets of $9.3M (revenue -5.5% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.8M, and assets of $9.8M (revenue +0.9% year-over-year).
- 2013: Revenue of $2.0M, expenses of $1.9M, and assets of $10.0M (revenue +4.9% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.7M, and assets of $10.5M (revenue +6.6% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.5M, and assets of $10.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ives Hill Retirement Community Inc:
Data Sources and Methodology
This transparency report for Ives Hill Retirement Community 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.