Maria Regina Residence Inc
Maria Regina Residence Inc. shows fluctuating financial performance with increasing assets and liabilities over the past decade.
EIN: 113637961 · Brentwood, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $23.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $774K |
| Transparency Score | 65/100 |
Is Maria Regina Residence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Maria Regina Residence Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Maria Regina Residence Inc
Maria Regina Residence Inc (EIN: 113637961) is a nonprofit organization based in Brentwood, NY. The organization reported total revenue of $8.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Maria Regina Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Maria Regina Residence Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.3M |
| Total Expenses | $23.7M |
| Surplus / Deficit | +$672K |
| Total Assets | $10.3M |
| Total Liabilities | $9.6M |
| Net Assets | $774K |
| Operating Margin | 2.8% |
| Debt-to-Asset Ratio | 92.5% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Maria Regina Residence Inc reported a surplus of $672K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 92.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Maria Regina Residence Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.3% | +3.2% | +25.5% |
| 2022 | -30.7% | +7.2% | -27.8% |
| 2021 | +45.5% | -2.1% | +10.2% |
| 2020 | -19.6% | +0.2% | +5.8% |
| 2019 | +2.7% | +0.5% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Maria Regina Residence Inc 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, Maria Regina Residence Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $672K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation in its IRS 990 filings, which is unusual for an organization with annual revenues exceeding $20 million in most years. This suggests that executive compensation may be reported under other expense categories or that the organization operates with a unique leadership compensation structure, making it difficult to assess executive pay relative to its size.
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 Maria Regina Residence Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which may obscure executive pay practices.
- Significant increase in liabilities (from $3.1M in 2014 to $9.5M in 2023) relative to assets, potentially indicating increased financial risk.
- Fluctuating net income, with several years showing deficits (e.g., $5.2M deficit in 2022, $4.2M deficit in 2020), suggesting inconsistent operational sustainability.
Strengths
The following positive indicators were identified for Maria Regina Residence Inc:
- Long history of consistent IRS 990 filings (13 filings), demonstrating regulatory compliance.
- Overall growth in assets from $9.7M in 2014 to $10.3M in 2023, indicating some financial growth.
- Ability to generate substantial revenue, exceeding $20M in most years, showing capacity for large-scale operations.
Frequently Asked Questions about Maria Regina Residence Inc
Is Maria Regina Residence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Maria Regina Residence Inc (EIN: 113637961) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Maria Regina Residence Inc spend its money?
Maria Regina Residence Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Maria Regina Residence Inc tax-deductible?
Maria Regina Residence Inc is registered as a tax-exempt nonprofit (EIN: 113637961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Maria Regina Residence Inc CEO make?
Maria Regina Residence Inc's highest-compensated officer earns $20 annually. The organization reported $8.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Maria Regina Residence Inc's spending goes to programs?
Maria Regina Residence Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Maria Regina Residence Inc located?
Maria Regina Residence Inc is headquartered in Brentwood, New York and files with the IRS under EIN 113637961.
How many years of IRS 990 filings does Maria Regina Residence Inc have?
Maria Regina Residence 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 $8.3M in total revenue.
Why is officer compensation consistently reported as 0% across all filings?
The consistent reporting of 0% officer compensation in the IRS 990 filings for Maria Regina Residence Inc. is unusual for an organization of its size and revenue. This could indicate that executive compensation is categorized under other expense lines (e.g., salaries and wages for all staff), that the organization relies on volunteer leadership, or that compensation is paid by an affiliated entity and not directly reported on this specific 990.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data only includes total revenue and expenses. A detailed breakdown of program, administrative, and fundraising expenses is necessary to accurately assess the organization's spending efficiency and how much of its budget directly supports its mission.
What caused the significant increase in liabilities from $3,189,148 in 2014 to $9,573,193 in 2023?
The substantial increase in liabilities over the decade warrants further investigation. This could be due to new debt taken on for expansion, capital improvements, or changes in operational financing. Understanding the nature of these liabilities is crucial for assessing the organization's long-term financial health.
Filing History
IRS 990 filing history for Maria Regina Residence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Maria Regina Residence Inc's revenue has grown by 9.3%, moving from $22.3M to $24.3M. Total assets increased by 5.3% over the same period, from $9.8M to $10.3M. Total functional expenses rose by 9.9%, from $21.5M to $23.7M. In its most recent filing year (2023), Maria Regina Residence Inc reported a surplus of $672K, with revenue exceeding expenses. The organization holds $9.6M in liabilities against $10.3M in assets (debt-to-asset ratio: 92.5%), resulting in net assets of $774K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.3M | $23.7M | $10.3M | $9.6M | — | — |
| 2022 | $17.7M | $22.9M | $8.2M | $8.1M | — | View 990 |
| 2021 | $25.6M | $21.4M | $11.4M | $6.1M | — | View 990 |
| 2020 | $17.6M | $21.9M | $10.4M | $9.2M | — | View 990 |
| 2019 | $21.9M | $21.8M | $9.8M | $4.4M | — | View 990 |
| 2018 | $21.3M | $21.7M | $8.9M | $3.6M | — | View 990 |
| 2017 | $21.0M | $21.6M | $9.2M | $3.4M | — | View 990 |
| 2016 | $21.2M | $21.4M | $9.3M | $2.8M | — | View 990 |
| 2015 | $21.3M | $21.2M | $9.7M | $3.0M | — | View 990 |
| 2014 | $21.6M | $21.3M | $9.8M | $3.2M | — | View 990 |
| 2013 | $21.6M | $20.9M | $9.8M | $3.4M | — | View 990 |
| 2012 | $20.5M | $20.9M | $9.8M | $4.2M | — | View 990 |
| 2011 | $22.3M | $21.5M | $9.8M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.3M, expenses of $23.7M, and assets of $10.3M (revenue +37.3% year-over-year).
- 2022: Revenue of $17.7M, expenses of $22.9M, and assets of $8.2M (revenue -30.7% year-over-year).
- 2021: Revenue of $25.6M, expenses of $21.4M, and assets of $11.4M (revenue +45.5% year-over-year).
- 2020: Revenue of $17.6M, expenses of $21.9M, and assets of $10.4M (revenue -19.6% year-over-year).
- 2019: Revenue of $21.9M, expenses of $21.8M, and assets of $9.8M (revenue +2.7% year-over-year).
- 2018: Revenue of $21.3M, expenses of $21.7M, and assets of $8.9M (revenue +1.7% year-over-year).
- 2017: Revenue of $21.0M, expenses of $21.6M, and assets of $9.2M (revenue -0.9% year-over-year).
- 2016: Revenue of $21.2M, expenses of $21.4M, and assets of $9.3M (revenue -0.8% year-over-year).
- 2015: Revenue of $21.3M, expenses of $21.2M, and assets of $9.7M (revenue -1.1% year-over-year).
- 2014: Revenue of $21.6M, expenses of $21.3M, and assets of $9.8M (revenue -0.2% year-over-year).
- 2013: Revenue of $21.6M, expenses of $20.9M, and assets of $9.8M (revenue +5.3% year-over-year).
- 2012: Revenue of $20.5M, expenses of $20.9M, and assets of $9.8M (revenue -7.9% year-over-year).
- 2011: Revenue of $22.3M, expenses of $21.5M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Maria Regina Residence Inc:
Data Sources and Methodology
This transparency report for Maria Regina Residence 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.