Mohawk Valley Community College Dormitory Corp
Mohawk Valley Community College Dormitory Corp consistently generates surpluses with no reported officer compensation.
EIN: 160922390 · Utica, NY · NTEE: L400 · Updated: 2026-03-28
Is Mohawk Valley Community College Dormitory Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mohawk Valley Community College Dormitory Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mohawk Valley Community College Dormitory Corp
Mohawk Valley Community College Dormitory Corp (EIN: 160922390) is a nonprofit organization based in Utica, NY, classified under NTEE code L400. The organization reported total revenue of $2.6M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mohawk Valley Community College Dormitory Corp'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 Mohawk Valley Community College Dormitory Corp with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mohawk Valley Community College Dormitory Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers do not receive salaries from the corporation, which is highly unusual for an organization of this size with over $2.5 million in annual revenue.
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 Mohawk Valley Community College Dormitory Corp's IRS 990 filings:
- No reported officer compensation, which, while seemingly positive, can sometimes indicate compensation is handled through an affiliated entity or that the board is entirely volunteer, which might raise questions about sustainability or professional management capacity for an organization of this scale.
Strengths
The following positive indicators were identified for Mohawk Valley Community College Dormitory Corp:
- Consistent operational surpluses, such as $218,996 in 202307, demonstrating financial stability.
- Strong asset base, with $10,755,902 in assets in 202307, providing long-term security.
- Zero reported officer compensation, indicating a high dedication of resources to the mission.
- Decreasing liabilities over recent years, improving the organization's financial health.
- Consistent and transparent IRS 990 filing history over 13 periods.
Frequently Asked Questions about Mohawk Valley Community College Dormitory Corp
Is Mohawk Valley Community College Dormitory Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Mohawk Valley Community College Dormitory Corp (EIN: 160922390) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Mohawk Valley Community College Dormitory Corp spend its money?
Mohawk Valley Community College Dormitory Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mohawk Valley Community College Dormitory Corp tax-deductible?
Mohawk Valley Community College Dormitory Corp is registered as a tax-exempt nonprofit (EIN: 160922390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mohawk Valley Community College Dormitory Corp a good charity?
Based on its financial data, the organization appears to be very efficient and focused on its mission. It consistently generates surpluses, maintains a strong asset base, and reports no officer compensation, suggesting that funds are primarily directed towards its program services.
How does the organization manage its liabilities?
Liabilities have shown a decreasing trend in recent years, from $8,132,805 in 202007 to $5,856,192 in 202307, indicating effective debt management and a strengthening balance sheet.
What is the trend in the organization's revenue?
Revenue has fluctuated but shows a positive trend in the most recent period, increasing from $1,169,260 in 202107 to $2,593,395 in 202307, suggesting recovery and growth after a dip.
Filing History
IRS 990 filing history for Mohawk Valley Community College Dormitory Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mohawk Valley Community College Dormitory Corp's revenue has grown by 0%, moving from $2.6M to $2.6M. Total assets decreased by 17.7% over the same period, from $13.1M to $10.8M. Total functional expenses rose by 2%, from $2.3M to $2.4M. In its most recent filing year (2023), Mohawk Valley Community College Dormitory Corp reported a surplus of $219K, with revenue exceeding expenses. The organization holds $5.9M in liabilities against $10.8M in assets (debt-to-asset ratio: 54.4%), resulting in net assets of $4.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.4M | $10.8M | $5.9M | — | View 990 |
| 2022 | $1.9M | $2.2M | $11.4M | $7.2M | — | View 990 |
| 2021 | $1.2M | $2.0M | $11.4M | $7.5M | — | — |
| 2020 | $2.1M | $2.3M | $12.3M | $8.1M | — | — |
| 2019 | $2.8M | $2.6M | $12.7M | $8.0M | — | View 990 |
| 2018 | $2.7M | $2.7M | $12.6M | $7.7M | — | View 990 |
| 2017 | $2.8M | $2.4M | $13.0M | $8.5M | — | View 990 |
| 2016 | $2.5M | $2.3M | $12.8M | $9.5M | — | View 990 |
| 2015 | $2.7M | $2.3M | $12.8M | $9.3M | — | View 990 |
| 2014 | $2.7M | $2.4M | $12.6M | $9.2M | — | View 990 |
| 2013 | $2.6M | $2.3M | $12.6M | $9.4M | — | View 990 |
| 2012 | $2.5M | $2.2M | $13.0M | $11.0M | — | View 990 |
| 2011 | $2.6M | $2.3M | $13.1M | $10.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $10.8M (revenue +34.9% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.2M, and assets of $11.4M (revenue +64.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $2.0M, and assets of $11.4M (revenue -43.2% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $12.3M (revenue -26.0% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.6M, and assets of $12.7M (revenue +3.4% year-over-year).
- 2018: Revenue of $2.7M, expenses of $2.7M, and assets of $12.6M (revenue -2.4% year-over-year).
- 2017: Revenue of $2.8M, expenses of $2.4M, and assets of $13.0M (revenue +9.3% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $12.8M (revenue -4.8% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.3M, and assets of $12.8M (revenue -0.6% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.4M, and assets of $12.6M (revenue +4.4% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.3M, and assets of $12.6M (revenue +0.9% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.2M, and assets of $13.0M (revenue -2.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.3M, and assets of $13.1M.
Data Sources and Methodology
This transparency report for Mohawk Valley Community College Dormitory Corp 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.