New York Foundation For Senior Citizens Inc

New York Foundation For Senior Citizens Inc shows consistent operational surpluses and a significant asset increase in its latest filing, with no reported officer compensation.

EIN: 132618568 · New York City, NY · NTEE: P810 · Updated: 2026-03-28

$33.4MRevenue

$46.3MAssets

85/100Mission Score (Excellent)

P810

About New York Foundation For Senior Citizens Inc

New York Foundation For Senior Citizens Inc (EIN: 132618568) is a nonprofit organization based in New York City, NY, classified under NTEE code P810. The organization reported total revenue of $33.4M and total assets of $46.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Foundation For Senior Citizens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New York Foundation For Senior Citizens Inc demonstrates consistent financial operations, with revenues generally exceeding expenses across its filing history. For the period ending June 2023, the organization reported revenues of $14,209,702 against expenses of $13,415,546, indicating a healthy surplus. A notable change occurred between the 2022 and 2023 fiscal periods, where assets significantly increased from $13,430,449 to $47,094,122, accompanied by a substantial rise in liabilities from $2,080,936 to $34,921,149. This suggests a major capital event, likely related to property or facility acquisition, which warrants further investigation to understand its long-term financial implications and funding sources.

The organization's spending efficiency appears sound, with expenses closely tracking revenues, indicating that funds are being utilized for their intended purpose. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing resources towards programs rather than executive salaries. However, the dramatic shift in assets and liabilities in the latest filing period requires a deeper dive into the specific nature of these changes to fully assess their impact on the organization's overall financial health and sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York Foundation For Senior Citizens 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, New York Foundation For Senior Citizens 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is reported under other categories.

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 New York Foundation For Senior Citizens Inc's IRS 990 filings:

Significant and unexplained increase in liabilities in the latest filing period (from $2,080,936 to $34,921,149)
Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration if reported elsewhere.

Strengths

The following positive indicators were identified for New York Foundation For Senior Citizens Inc:

Consistent operational surpluses, with revenues generally exceeding expenses across all reported periods.
Stable revenue growth over the past decade, from $10,371,698 in 2014 to $14,209,702 in 2023.
Strong asset base, increasing to $47,094,122 in the latest filing period.
Efficient spending, with expenses closely aligned with revenues, indicating effective resource utilization.

Frequently Asked Questions about New York Foundation For Senior Citizens Inc

What caused the significant increase in assets and liabilities between the 2022 and 2023 fiscal periods?

The IRS 990 filings show assets jumped from $13,430,449 in 2022 to $47,094,122 in 2023, with liabilities rising from $2,080,936 to $34,921,149. This suggests a major capital investment, possibly in real estate or a new facility, which would typically be detailed in the full 990 form's balance sheet and footnotes.

How does the organization sustain operations without reported officer compensation?

The consistent 0% officer compensation across all filings is highly unusual for an organization with over $12 million in annual expenses. This could indicate that leadership roles are filled by volunteers, or that compensation for key management is reported under other expense categories, which would require reviewing the detailed expense breakdown in the full 990.

Is the organization's long-term financial health impacted by the increased liabilities?

While the organization has consistently maintained operational surpluses, the substantial increase in liabilities to $34,921,149 in 2023, compared to assets of $47,094,122, warrants scrutiny. The nature of these liabilities (e.g., long-term debt vs. short-term payables) and the organization's ability to service them will be crucial for assessing long-term financial stability.

Filing History

IRS 990 filing history for New York Foundation For Senior Citizens Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), New York Foundation For Senior Citizens Inc's revenue has grown by 29.4%, moving from $11.0M to $14.2M. Total assets increased by 379.1% over the same period, from $9.8M to $47.1M. Total functional expenses rose by 37.7%, from $9.7M to $13.4M. In its most recent filing year (2023), New York Foundation For Senior Citizens Inc reported a surplus of $794K, with revenue exceeding expenses. The organization holds $34.9M in liabilities against $47.1M in assets (debt-to-asset ratio: 74.2%), resulting in net assets of $12.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$14.2M	$13.4M	$47.1M	$34.9M	—	View 990
2022	$12.8M	$12.7M	$13.4M	$2.1M	—	View 990
2021	$12.6M	$12.4M	$13.6M	$2.3M	—	—
2020	$13.5M	$13.0M	$13.6M	$2.4M	—	View 990
2019	$13.5M	$13.0M	$12.7M	$2.1M	—	View 990
2018	$12.4M	$12.3M	$12.3M	$2.1M	—	View 990
2017	$11.2M	$11.1M	$12.0M	$2.0M	—	View 990
2016	$10.8M	$10.6M	$12.0M	$2.1M	—	View 990
2015	$10.6M	$10.4M	$11.5M	$1.8M	—	View 990
2014	$10.4M	$10.1M	$11.2M	$1.6M	—	View 990
2013	$10.3M	$10.0M	$11.1M	$1.8M	—	View 990
2012	$9.6M	$9.3M	$10.7M	$1.6M	—	View 990
2011	$11.0M	$9.7M	$9.8M	$1.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $14.2M, expenses of $13.4M, and assets of $47.1M (revenue +11.0% year-over-year).
2022: Revenue of $12.8M, expenses of $12.7M, and assets of $13.4M (revenue +2.0% year-over-year).
2021: Revenue of $12.6M, expenses of $12.4M, and assets of $13.6M (revenue -7.3% year-over-year).
2020: Revenue of $13.5M, expenses of $13.0M, and assets of $13.6M (revenue +0.4% year-over-year).
2019: Revenue of $13.5M, expenses of $13.0M, and assets of $12.7M (revenue +9.1% year-over-year).
2018: Revenue of $12.4M, expenses of $12.3M, and assets of $12.3M (revenue +9.9% year-over-year).
2017: Revenue of $11.2M, expenses of $11.1M, and assets of $12.0M (revenue +4.2% year-over-year).
2016: Revenue of $10.8M, expenses of $10.6M, and assets of $12.0M (revenue +2.1% year-over-year).
2015: Revenue of $10.6M, expenses of $10.4M, and assets of $11.5M (revenue +1.9% year-over-year).
2014: Revenue of $10.4M, expenses of $10.1M, and assets of $11.2M (revenue +0.9% year-over-year).
2013: Revenue of $10.3M, expenses of $10.0M, and assets of $11.1M (revenue +6.5% year-over-year).
2012: Revenue of $9.6M, expenses of $9.3M, and assets of $10.7M (revenue -12.2% year-over-year).
2011: Revenue of $11.0M, expenses of $9.7M, and assets of $9.8M.

Data Sources and Methodology

This transparency report for New York Foundation For Senior Citizens 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.