Niagara Lutheran Development Inc
Niagara Lutheran Development Inc. shows consistent revenue growth but reported a deficit in its latest fiscal period.
EIN: 161502150 · Lancaster, NY · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.1M |
| Total Expenses | $26.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $25M |
| Net Assets | $18.0M |
| Transparency Score | 75/100 |
Is Niagara Lutheran Development Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Niagara Lutheran Development Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Niagara Lutheran Development Inc
Niagara Lutheran Development Inc (EIN: 161502150) is a nonprofit organization based in Lancaster, NY, classified under NTEE code E91Z. The organization reported total revenue of $25.1M and total assets of $25.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Niagara Lutheran Development Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Niagara Lutheran Development Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.9M |
| Total Expenses | $26.6M |
| Surplus / Deficit | $-1,680,743 |
| Total Assets | $27.3M |
| Total Liabilities | $9.3M |
| Net Assets | $18.0M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 34.0% |
| Months of Reserves | 12.3 months |
Financial Health Grade: B
In 2023, Niagara Lutheran Development Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 34.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Niagara Lutheran Development Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.1% | +20.2% | +0.2% |
| 2022 | -5.3% | +2.8% | -0.2% |
| 2021 | +7.2% | -1.4% | -4.3% |
| 2020 | -1.8% | +6.1% | +5.9% |
| 2019 | +2.5% | +1.4% | +26.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Niagara Lutheran Development Inc with a Mission Score of 75 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, Niagara Lutheran Development 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 deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.0%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is highly unusual for an organization of this size ($25M+ revenue). This either indicates a fully volunteer executive leadership, or that compensation is reported under different expense categories, which could obscure a full understanding of executive pay.
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 Niagara Lutheran Development Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (202312), indicating a short-term operating deficit.
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive pay practices.
Strengths
The following positive indicators were identified for Niagara Lutheran Development Inc:
- Consistent revenue growth over the past decade, from $16.6M in 2014 to $24.9M in 2023.
- Generally positive net income in most years, indicating sound financial management prior to the latest filing.
- Healthy asset base ($27.2M in 2023) relative to liabilities ($9.2M in 2023), suggesting good long-term solvency.
Frequently Asked Questions about Niagara Lutheran Development Inc
Is Niagara Lutheran Development Inc a legitimate charity?
Niagara Lutheran Development Inc (EIN: 161502150) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $25.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Niagara Lutheran Development Inc spend its money?
Niagara Lutheran Development Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Niagara Lutheran Development Inc tax-deductible?
Niagara Lutheran Development Inc is registered as a tax-exempt nonprofit (EIN: 161502150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Niagara Lutheran Development Inc CEO make?
Niagara Lutheran Development Inc's highest-compensated officer earns $25M annually. The organization reported $25.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Niagara Lutheran Development Inc's spending goes to programs?
Niagara Lutheran Development Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Niagara Lutheran Development Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Niagara Lutheran Development Inc is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Niagara Lutheran Development Inc located?
Niagara Lutheran Development Inc is headquartered in Lancaster, New York and files with the IRS under EIN 161502150. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Niagara Lutheran Development Inc have?
Niagara Lutheran Development 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 $25.1M in total revenue.
Why did expenses exceed revenue in the 2023 fiscal period?
The 202312 filing shows expenses of $26,619,579 against revenues of $24,938,836, resulting in a deficit. Understanding the specific reasons for this increase in expenses or decrease in revenue is crucial for assessing future financial stability.
How is executive compensation handled if 0% is reported for officers?
Given the organization's scale, the consistent reporting of 0% officer compensation is atypical. It raises questions about whether executive compensation is included in other expense categories or if the leadership is entirely volunteer-based.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown, it's difficult to fully assess spending efficiency. While the overall financial health appears stable, understanding the allocation of funds is key to evaluating mission effectiveness.
Filing History
IRS 990 filing history for Niagara Lutheran Development Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Niagara Lutheran Development Inc's revenue has grown by 55.4%, moving from $16.1M to $24.9M. Total assets increased by 23.6% over the same period, from $22.1M to $27.3M. Total functional expenses rose by 68.2%, from $15.8M to $26.6M. In its most recent filing year (2023), Niagara Lutheran Development Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $9.3M in liabilities against $27.3M in assets (debt-to-asset ratio: 34.0%), resulting in net assets of $18.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.9M | $26.6M | $27.3M | $9.3M | — | — |
| 2022 | $22.2M | $22.2M | $27.2M | $7.8M | — | View 990 |
| 2021 | $23.5M | $21.5M | $27.3M | $7.7M | — | View 990 |
| 2020 | $21.9M | $21.8M | $28.5M | $11.0M | — | — |
| 2019 | $22.3M | $20.6M | $26.9M | $9.7M | — | View 990 |
| 2018 | $21.8M | $20.3M | $21.3M | $9.6M | — | View 990 |
| 2017 | $20.0M | $19.9M | $20.5M | $10.8M | — | View 990 |
| 2016 | $19.3M | $18.9M | $20.4M | $10.8M | — | View 990 |
| 2015 | $17.7M | $16.8M | $21.5M | $12.2M | — | View 990 |
| 2014 | $16.6M | $16.3M | $21.2M | $12.9M | — | View 990 |
| 2013 | $16.1M | $16.1M | $21.7M | $13.6M | — | View 990 |
| 2012 | $15.7M | $16.4M | $21.0M | $12.9M | — | View 990 |
| 2011 | $16.1M | $15.8M | $22.1M | $13.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.9M, expenses of $26.6M, and assets of $27.3M (revenue +12.1% year-over-year).
- 2022: Revenue of $22.2M, expenses of $22.2M, and assets of $27.2M (revenue -5.3% year-over-year).
- 2021: Revenue of $23.5M, expenses of $21.5M, and assets of $27.3M (revenue +7.2% year-over-year).
- 2020: Revenue of $21.9M, expenses of $21.8M, and assets of $28.5M (revenue -1.8% year-over-year).
- 2019: Revenue of $22.3M, expenses of $20.6M, and assets of $26.9M (revenue +2.5% year-over-year).
- 2018: Revenue of $21.8M, expenses of $20.3M, and assets of $21.3M (revenue +8.7% year-over-year).
- 2017: Revenue of $20.0M, expenses of $19.9M, and assets of $20.5M (revenue +4.0% year-over-year).
- 2016: Revenue of $19.3M, expenses of $18.9M, and assets of $20.4M (revenue +9.0% year-over-year).
- 2015: Revenue of $17.7M, expenses of $16.8M, and assets of $21.5M (revenue +6.3% year-over-year).
- 2014: Revenue of $16.6M, expenses of $16.3M, and assets of $21.2M (revenue +3.4% year-over-year).
- 2013: Revenue of $16.1M, expenses of $16.1M, and assets of $21.7M (revenue +2.6% year-over-year).
- 2012: Revenue of $15.7M, expenses of $16.4M, and assets of $21.0M (revenue -2.3% year-over-year).
- 2011: Revenue of $16.1M, expenses of $15.8M, and assets of $22.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Niagara Lutheran Development Inc:
Data Sources and Methodology
This transparency report for Niagara Lutheran Development 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.