Living Independently For The Elderly Inc
Living Independently For The Elderly Inc faces persistent operational deficits and declining assets.
EIN: 133099812 · Croton On Hudson, NY · NTEE: P75Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.8M |
| Total Expenses | $6.2M |
| Program Spending | 80% |
| Net Assets | $-4,019,205 |
| Transparency Score | 60/100 |
Is Living Independently For The Elderly Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Living Independently For The Elderly Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Living Independently For The Elderly Inc
Living Independently For The Elderly Inc (EIN: 133099812) is a nonprofit organization based in Croton On Hudson, NY, classified under NTEE code P75Z. The organization reported total revenue of $4.8M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Living Independently For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Living Independently For The Elderly Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $6.2M |
| Surplus / Deficit | $-1,371,485 |
| Total Assets | $5.8M |
| Total Liabilities | $9.9M |
| Net Assets | $-4,019,205 |
| Operating Margin | -28.1% |
| Debt-to-Asset Ratio | 168.8% |
| Months of Reserves | 11.2 months |
Financial Health Grade: C
In 2023, Living Independently For The Elderly Inc reported a deficit of $1.4M with expenses exceeding revenue, holds 11.2 months of operating reserves (strong position), has a debt-to-asset ratio of 168.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Living Independently For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +9.1% | -35.8% |
| 2022 | +10.5% | +12.1% | +19.2% |
| 2021 | -21.9% | -4.6% | -6.0% |
| 2020 | +0.3% | -8.1% | +1.4% |
| 2019 | -0.4% | -5.2% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 Living Independently For The Elderly Inc with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Living Independently For The Elderly Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 168.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either a volunteer leadership or that executive salaries are categorized differently, which is a positive indicator for direct program spending if true.
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 Living Independently For The Elderly Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $1.37M in 2023, $800K in 2022).
- Liabilities consistently exceed assets (e.g., $9.86M liabilities vs. $5.84M assets in 2023).
- Declining asset base over recent years (from $9.27M in 2016 to $5.84M in 2023).
Strengths
The following positive indicators were identified for Living Independently For The Elderly Inc:
- No reported officer compensation, indicating efficient use of funds at the executive level.
- Long operational history (13 filings available), suggesting resilience and established presence.
Frequently Asked Questions about Living Independently For The Elderly Inc
Is Living Independently For The Elderly Inc a legitimate charity?
Living Independently For The Elderly Inc (EIN: 133099812) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.8M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Living Independently For The Elderly Inc spend its money?
Living Independently For The Elderly Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Living Independently For The Elderly Inc tax-deductible?
Living Independently For The Elderly Inc is registered as a tax-exempt nonprofit (EIN: 133099812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Living Independently For The Elderly Inc's spending goes to programs?
Living Independently For The Elderly Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Living Independently For The Elderly Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Living Independently For The Elderly Inc is above average for NTEE category P75Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Living Independently For The Elderly Inc located?
Living Independently For The Elderly Inc is headquartered in Croton On Hudson, New York and files with the IRS under EIN 133099812. It is classified under NTEE code P75Z.
How many years of IRS 990 filings does Living Independently For The Elderly Inc have?
Living Independently For The Elderly 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 $4.8M in total revenue.
Is Living Independently For The Elderly Inc financially stable?
Based on the filings, the organization has experienced consistent operational deficits in recent years (e.g., $1.37M deficit in 2023) and its liabilities ($9.86M in 2023) significantly exceed its assets ($5.84M in 2023), indicating potential financial instability.
Why are assets declining?
Assets have declined from a high of $9.27M in 2016 to $5.84M in 2023, primarily due to expenses consistently exceeding revenues in most recent periods, such as a $1.37M deficit in 2023 and a $800K deficit in 2022.
What is the organization's plan to address the revenue-expense gap?
The provided IRS 990 data does not detail specific plans to address the recurring revenue-expense gap. This would require reviewing the organization's strategic plans or financial statements beyond the summary data.
Filing History
IRS 990 filing history for Living Independently For The Elderly Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Living Independently For The Elderly Inc's revenue has grown by 6.9%, moving from $4.6M to $4.9M. Total assets decreased by 33.2% over the same period, from $8.7M to $5.8M. Total functional expenses rose by 22.8%, from $5.1M to $6.2M. In its most recent filing year (2023), Living Independently For The Elderly Inc reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $9.9M in liabilities against $5.8M in assets (debt-to-asset ratio: 168.8%), resulting in net assets of $-4,019,205.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $6.2M | $5.8M | $9.9M | — | View 990 |
| 2022 | $4.9M | $5.7M | $9.1M | $11.7M | — | View 990 |
| 2021 | $4.5M | $5.1M | $7.6M | $9.5M | — | View 990 |
| 2020 | $5.7M | $5.4M | $8.1M | $9.3M | — | View 990 |
| 2019 | $5.7M | $5.8M | $8.0M | $9.5M | — | View 990 |
| 2018 | $5.7M | $6.1M | $7.9M | $9.3M | — | View 990 |
| 2017 | $5.7M | $6.3M | $8.6M | $9.6M | — | View 990 |
| 2016 | $6.6M | $6.2M | $9.3M | $9.6M | — | View 990 |
| 2015 | $6.3M | $6.3M | $9.1M | $9.7M | — | View 990 |
| 2014 | $6.4M | $6.2M | $9.0M | $9.8M | — | View 990 |
| 2013 | $6.0M | $5.6M | $8.9M | $9.8M | — | View 990 |
| 2012 | $5.2M | $5.2M | $8.7M | $10.2M | — | View 990 |
| 2011 | $4.6M | $5.1M | $8.7M | $10.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $6.2M, and assets of $5.8M (revenue -1.0% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.7M, and assets of $9.1M (revenue +10.5% year-over-year).
- 2021: Revenue of $4.5M, expenses of $5.1M, and assets of $7.6M (revenue -21.9% year-over-year).
- 2020: Revenue of $5.7M, expenses of $5.4M, and assets of $8.1M (revenue +0.3% year-over-year).
- 2019: Revenue of $5.7M, expenses of $5.8M, and assets of $8.0M (revenue -0.4% year-over-year).
- 2018: Revenue of $5.7M, expenses of $6.1M, and assets of $7.9M (revenue +0.9% year-over-year).
- 2017: Revenue of $5.7M, expenses of $6.3M, and assets of $8.6M (revenue -13.8% year-over-year).
- 2016: Revenue of $6.6M, expenses of $6.2M, and assets of $9.3M (revenue +3.5% year-over-year).
- 2015: Revenue of $6.3M, expenses of $6.3M, and assets of $9.1M (revenue -1.3% year-over-year).
- 2014: Revenue of $6.4M, expenses of $6.2M, and assets of $9.0M (revenue +7.2% year-over-year).
- 2013: Revenue of $6.0M, expenses of $5.6M, and assets of $8.9M (revenue +14.8% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.2M, and assets of $8.7M (revenue +14.6% year-over-year).
- 2011: Revenue of $4.6M, expenses of $5.1M, and assets of $8.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Living Independently For The Elderly Inc:
Data Sources and Methodology
This transparency report for Living Independently For The Elderly 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.