Kendal On Hudson

Kendal On Hudson shows consistent revenue growth but maintains liabilities exceeding assets.

EIN: 133971396 · Sleepy Hollow, NY · NTEE: E91 · Updated: 2026-03-28

$44.6MRevenue

$211.2MAssets

65/100Mission Score (Good)

E91

About Kendal On Hudson

Kendal On Hudson (EIN: 133971396) is a nonprofit organization based in Sleepy Hollow, NY, classified under NTEE code E91. The organization reported total revenue of $44.6M and total assets of $211.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kendal On Hudson's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Kendal On Hudson demonstrates consistent financial growth, with revenue increasing from $27.7 million in 2014 to over $40 million in 2023. The organization consistently operates with expenses closely aligned to revenue, indicating a stable operational model. For instance, in 2023, revenue was $40,214,794 against expenses of $36,019,286, resulting in a surplus. However, a notable aspect is the consistent reporting of liabilities exceeding assets across all available filings, such as $203,365,187 in liabilities versus $199,846,702 in assets in 2023. This suggests a reliance on long-term debt or other obligations, which warrants closer examination to understand the nature of these liabilities and their impact on long-term financial stability.

The organization's NTEE code E91 indicates it is a continuing care retirement community, which often involves significant capital investments and long-term resident contracts that can influence asset and liability reporting. The absence of reported officer compensation across all filings is unusual for an organization of this size and revenue, potentially indicating that executive compensation is reported under other expense categories or that the officers are compensated by a related entity, which could impact transparency regarding leadership costs. Further detail on the allocation of expenses (programs, administration, fundraising) is needed for a complete assessment of spending efficiency, as the provided data only gives total expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Kendal On Hudson 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, Kendal On Hudson 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

No officer compensation is reported across all available filings, which is atypical for an organization with annual revenues exceeding $40 million. This lack of direct reporting could obscure the true cost of executive leadership.

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 Kendal On Hudson's IRS 990 filings:

Consistent liabilities exceeding assets across all reported periods, indicating potential long-term financial obligations.
Zero reported officer compensation across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay.

Strengths

The following positive indicators were identified for Kendal On Hudson:

Consistent revenue growth, increasing from $27.7 million in 2014 to over $40 million in 2023, demonstrating financial stability and demand for services.
Positive operating margins in most recent years (e.g., $40.2M revenue vs. $36.0M expenses in 2023), indicating effective management of day-to-day operations.

Frequently Asked Questions about Kendal On Hudson

Why do liabilities consistently exceed assets?

The consistent reporting of liabilities exceeding assets, such as $203,365,187 in liabilities versus $199,846,702 in assets in 2023, suggests a significant reliance on debt or long-term obligations. This is common for Continuing Care Retirement Communities (CCRCs) due to large capital projects and resident entrance fee accounting, but warrants further investigation into the specific nature of these liabilities.

Where is executive compensation reported?

The IRS 990 filings consistently show 0% for officer compensation. This is unusual for an organization of this size and revenue, suggesting that executive compensation may be reported under other expense categories, paid by a related entity, or that the organization operates with an entirely volunteer executive leadership, which is less likely given its scale.

What is the detailed breakdown of expenses?

The provided data only offers total expenses. A detailed breakdown into program, administrative, and fundraising costs is necessary to fully assess spending efficiency and ensure a high percentage of funds are directed towards its mission as a Continuing Care Retirement Community.

Filing History

IRS 990 filing history for Kendal On Hudson showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Kendal On Hudson's revenue has grown by 48.6%, moving from $27.1M to $40.2M. Total assets increased by 28.6% over the same period, from $155.4M to $199.8M. Total functional expenses rose by 39.4%, from $25.8M to $36.0M. In its most recent filing year (2023), Kendal On Hudson reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $203.4M in liabilities against $199.8M in assets (debt-to-asset ratio: 101.8%), resulting in net assets of $-3,518,485.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$40.2M	$36.0M	$199.8M	$203.4M	—	—
2022	$39.8M	$34.8M	$187.9M	$198.1M	—	View 990
2021	$36.1M	$33.9M	$201.8M	$210.1M	—	View 990
2020	$36.0M	$33.0M	$198.8M	$209.4M	—	View 990
2019	$31.5M	$31.9M	$195.6M	$209.6M	—	View 990
2018	$29.5M	$30.9M	$182.8M	$199.3M	—	View 990
2017	$28.8M	$28.6M	$178.6M	$192.8M	—	View 990
2016	$26.5M	$28.0M	$177.5M	$191.7M	—	View 990
2015	$26.0M	$26.6M	$173.5M	$187.3M	—	View 990
2014	$27.8M	$27.2M	$176.6M	$188.6M	—	View 990
2013	$28.2M	$29.0M	$155.5M	$167.7M	—	View 990
2012	$29.0M	$26.5M	$157.8M	$169.4M	—	View 990
2011	$27.1M	$25.8M	$155.4M	$170.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $40.2M, expenses of $36.0M, and assets of $199.8M (revenue +1.1% year-over-year).
2022: Revenue of $39.8M, expenses of $34.8M, and assets of $187.9M (revenue +10.1% year-over-year).
2021: Revenue of $36.1M, expenses of $33.9M, and assets of $201.8M (revenue +0.4% year-over-year).
2020: Revenue of $36.0M, expenses of $33.0M, and assets of $198.8M (revenue +14.3% year-over-year).
2019: Revenue of $31.5M, expenses of $31.9M, and assets of $195.6M (revenue +6.5% year-over-year).
2018: Revenue of $29.5M, expenses of $30.9M, and assets of $182.8M (revenue +2.5% year-over-year).
2017: Revenue of $28.8M, expenses of $28.6M, and assets of $178.6M (revenue +8.8% year-over-year).
2016: Revenue of $26.5M, expenses of $28.0M, and assets of $177.5M (revenue +1.9% year-over-year).
2015: Revenue of $26.0M, expenses of $26.6M, and assets of $173.5M (revenue -6.3% year-over-year).
2014: Revenue of $27.8M, expenses of $27.2M, and assets of $176.6M (revenue -1.6% year-over-year).
2013: Revenue of $28.2M, expenses of $29.0M, and assets of $155.5M (revenue -2.9% year-over-year).
2012: Revenue of $29.0M, expenses of $26.5M, and assets of $157.8M (revenue +7.3% year-over-year).
2011: Revenue of $27.1M, expenses of $25.8M, and assets of $155.4M.

Data Sources and Methodology

This transparency report for Kendal On Hudson 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.