Lasell Village Inc
Lasell Village: Strong Mission, High Liabilities, and Executive Compensation Concerns
EIN: 223042122 · Auburndale, MA · NTEE: L22Z · Updated: 2026-04-04
About Lasell Village Inc
Lasell Village Inc (EIN: 223042122) is a nonprofit organization based in Auburndale, MA, classified under NTEE code L22Z. The organization reported total revenue of $29.0M and total assets of $126.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lasell Village 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 Lasell Village Inc with a Mission Score of 85 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Lasell Village Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
In 2023, the CEO's compensation was $350,000, which appears reasonable given the organization's size and revenue, but warrants ongoing monitoring relative to performance and sector benchmarks.
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 Lasell Village Inc's IRS 990 filings:
- Total liabilities of $134,578,172 in 2023 significantly exceed total assets of $100,698,949, indicating a potential long-term solvency risk.
- The organization has consistently reported negative net income (expenses exceeding revenue) for several years, with 2023 showing expenses of $27,027,996 against revenues of $24,928,774.
- The 'c0%' in the financial data likely indicates no specific charitable contributions percentage, which could be a red flag if not offset by other revenue streams.
Strengths
The following positive indicators were identified for Lasell Village Inc:
- Consistent revenue generation over the past several years, with 2023 revenue at $24,928,774.
- Significant asset base, with total assets at $100,698,949 in 2023, providing a foundation for operations.
- The organization has a long operating history, as evidenced by financial data dating back to 2016.
Frequently Asked Questions about Lasell Village Inc
What does Lasell Village Inc do?
Lasell Village Inc is a nonprofit organization in the Housing & Shelter sector, located in Auburndale, Massachusetts. It is classified under NTEE code L22Z.
How much revenue does Lasell Village Inc have?
Lasell Village Inc reported total revenue of $28,969,009. Based on 13 IRS 990 filings on record.
What are Lasell Village Inc's total assets?
Lasell Village Inc holds total assets of $126,208,308 as reported in IRS 990 filings.
Where is Lasell Village Inc located?
Lasell Village Inc is based in Auburndale, Massachusetts.
What is Lasell Village Inc's EIN?
Lasell Village Inc's Employer Identification Number (EIN) is 223042122. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lasell Village Inc?
Lasell Village Inc is classified under NTEE code L22Z (Housing & Shelter).
Is Lasell Village Inc a registered 501(c)(3)?
Yes, Lasell Village Inc is recognized as a tax-exempt organization by the IRS. EIN: 223042122.
Does Lasell Village Inc file IRS Form 990?
Yes, Lasell Village Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Lasell Village Inc's revenue in 2023?
In the 202306 filing period, Lasell Village Inc reported total revenue of $24,928,774, total expenses of $27,027,996, and net assets of $100,698,949.
Is Lasell Village Inc's revenue growing or declining?
Lasell Village Inc's revenue is relatively stable. Revenue went from $24,426,520 (202206) to $24,928,774 (202306), a +2.1% change. Based on 13 filings on record.
What is Lasell Village Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lasell Village Inc covers tax period 202306. It shows revenue of $24,928,774, expenses of $27,027,996, total assets of $100,698,949, and liabilities of $134,578,172.
How much does Lasell Village Inc spend on programs vs administration?
Based on IRS 990 analysis, Lasell Village Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Lasell Village Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lasell Village Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Lasell Village Inc?
The following concerns were identified: Total liabilities of $134,578,172 in 2023 significantly exceed total assets of $100,698,949, indicating a potential long-term solvency risk.. The organization has consistently reported negative net income (expenses exceeding revenue) for several years, with 2023 showing expenses of $27,027,996 against revenues of $24,928,774.. The 'c0%' in the financial data likely indicates no specific charitable contributions percentage, which could be a red flag if not offset by other revenue streams.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lasell Village Inc's strengths?
Positive indicators for Lasell Village Inc include: Consistent revenue generation over the past several years, with 2023 revenue at $24,928,774.. Significant asset base, with total assets at $100,698,949 in 2023, providing a foundation for operations.. The organization has a long operating history, as evidenced by financial data dating back to 2016.. These findings are derived from AI analysis of the organization's financial filings.
How does Lasell Village Inc compensate executives?
In 2023, the CEO's compensation was $350,000, which appears reasonable given the organization's size and revenue, but warrants ongoing monitoring relative to performance and sector benchmarks. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Lasell Village Inc. manage its substantial and growing liabilities, and what is the long-term strategy to address the consistent negative net income?
The consistent negative net income and high liabilities suggest a reliance on non-operating revenues or specific financing structures not fully detailed in the provided summary. A deeper dive into their balance sheet and cash flow statements would be necessary to understand how they sustain operations despite these trends, potentially through debt financing or endowment drawdowns.
Given the 'c0%' for charitable contributions, what are the primary revenue streams supporting Lasell Village Inc.'s mission, and how diversified are they?
The 'c0%' indicates that direct charitable contributions may not be a primary funding source. Revenue is likely derived from resident fees, investment income, or other program-related income. Diversification of these streams would be crucial for financial stability, especially given the negative net income trend.
Filing History
IRS 990 filing history for Lasell Village Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lasell Village Inc's revenue has grown by 46.2%, moving from $17.0M to $24.9M. Total assets increased by 40.5% over the same period, from $71.7M to $100.7M. Total functional expenses rose by 65.6%, from $16.3M to $27.0M. In its most recent filing year (2023), Lasell Village Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $134.6M in liabilities against $100.7M in assets (debt-to-asset ratio: 133.6%), resulting in net assets of $-33,879,223.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $24.9M | $27.0M | $100.7M | $134.6M | — | — |
| 2022 | $24.4M | $25.3M | $98.4M | $132.8M | — | View 990 |
| 2021 | $21.8M | $23.2M | $102.9M | $128.5M | — | View 990 |
| 2020 | $21.1M | $22.7M | $93.6M | $125.9M | — | View 990 |
| 2019 | $29.2M | $21.7M | $90.8M | $121.0M | — | View 990 |
| 2018 | $19.4M | $21.6M | $87.9M | $118.9M | — | View 990 |
| 2017 | $19.4M | $20.8M | $85.3M | $117.0M | — | View 990 |
| 2016 | $18.4M | $19.4M | $79.5M | $118.6M | — | View 990 |
| 2015 | $17.7M | $19.3M | $79.5M | $119.1M | — | View 990 |
| 2014 | $19.0M | $18.2M | $79.7M | $93.7M | — | View 990 |
| 2013 | $18.2M | $17.3M | $73.6M | $91.3M | — | View 990 |
| 2012 | $16.6M | $16.6M | $69.9M | $91.7M | — | View 990 |
| 2011 | $17.0M | $16.3M | $71.7M | $91.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.9M, expenses of $27.0M, and assets of $100.7M (revenue +2.1% year-over-year).
- 2022: Revenue of $24.4M, expenses of $25.3M, and assets of $98.4M (revenue +12.1% year-over-year).
- 2021: Revenue of $21.8M, expenses of $23.2M, and assets of $102.9M (revenue +3.3% year-over-year).
- 2020: Revenue of $21.1M, expenses of $22.7M, and assets of $93.6M (revenue -27.8% year-over-year).
- 2019: Revenue of $29.2M, expenses of $21.7M, and assets of $90.8M (revenue +50.6% year-over-year).
- 2018: Revenue of $19.4M, expenses of $21.6M, and assets of $87.9M (revenue +0.1% year-over-year).
- 2017: Revenue of $19.4M, expenses of $20.8M, and assets of $85.3M (revenue +5.1% year-over-year).
- 2016: Revenue of $18.4M, expenses of $19.4M, and assets of $79.5M (revenue +4.3% year-over-year).
- 2015: Revenue of $17.7M, expenses of $19.3M, and assets of $79.5M (revenue -7.3% year-over-year).
- 2014: Revenue of $19.0M, expenses of $18.2M, and assets of $79.7M (revenue +4.9% year-over-year).
- 2013: Revenue of $18.2M, expenses of $17.3M, and assets of $73.6M (revenue +9.6% year-over-year).
- 2012: Revenue of $16.6M, expenses of $16.6M, and assets of $69.9M (revenue -2.8% year-over-year).
- 2011: Revenue of $17.0M, expenses of $16.3M, and assets of $71.7M.
Data Sources and Methodology
This transparency report for Lasell Village 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.