Lasell Village Inc

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Lasell Village Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lasell Village Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lasell Village Inc in one place.

Is Lasell Village Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Lasell Village Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lasell Village Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Lasell Village Inc is a large nonprofit that has been operating for 36 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:

Financial Health Grade: C

In 2023, Lasell Village Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 44.7 months of operating reserves (strong position), has a debt-to-asset ratio of 133.6% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Lasell Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $2.1M, with expenses exceeding revenue.
• Debt-to-asset ratio: 133.6%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lasell Village Inc:

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.