Nottingham Retirement Community Inc
Nottingham Retirement Community faces multi-million dollar deficits in recent years, with 2023 expenses exceeding revenue by over $5.3 million.
EIN: 161468628 · Syracuse, NY · NTEE: L22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.8M |
| Total Expenses | $20.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $425K |
| Transparency Score | 60/100 |
Is Nottingham Retirement Community Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nottingham Retirement Community Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nottingham Retirement Community Inc
Nottingham Retirement Community Inc (EIN: 161468628) is a nonprofit organization based in Syracuse, NY, classified under NTEE code L22Z. The organization reported total revenue of $16.8M and total assets of $36.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nottingham Retirement Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nottingham Retirement Community Inc is a large nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.5M |
| Total Expenses | $20.9M |
| Surplus / Deficit | $-5,396,684 |
| Total Assets | $32.2M |
| Total Liabilities | $31.8M |
| Net Assets | $425K |
| Operating Margin | -34.7% |
| Debt-to-Asset Ratio | 98.7% |
| Months of Reserves | 18.5 months |
Financial Health Grade: C
In 2023, Nottingham Retirement Community Inc reported a deficit of $5.4M with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 98.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nottingham Retirement Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.1% | +35.5% | -14.4% |
| 2022 | +10.6% | +10.0% | -10.2% |
| 2021 | +0.2% | +14.1% | +8.0% |
| 2020 | +11.7% | +11.7% | +35.6% |
| 2019 | +7.0% | +0.6% | +70.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Nottingham Retirement Community 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, Nottingham Retirement Community 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 $5.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $15 million. This suggests either that executive compensation is not paid, or it is categorized under other expense lines, which could obscure a true picture of executive pay relative to the organization's scale.
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 Nottingham Retirement Community Inc's IRS 990 filings:
- Consistent operating deficits in recent years (2021, 2022, 2023), with a significant $5.3 million deficit in 2023.
- High liabilities relative to assets, indicating a potentially leveraged financial position.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure actual executive pay.
- Declining assets from a peak of $41.9 million in 2021 to $32.2 million in 2023, while liabilities remained high.
Strengths
The following positive indicators were identified for Nottingham Retirement Community Inc:
- Long operational history with 13 IRS 990 filings, indicating stability and continuity.
- Substantial asset base of $36,831,760 (latest available) provides a foundation for operations.
- Consistent revenue growth from $10.0 million in 2014 to $15.5 million in 2023, demonstrating demand for services.
Frequently Asked Questions about Nottingham Retirement Community Inc
Is Nottingham Retirement Community Inc a legitimate charity?
Nottingham Retirement Community Inc (EIN: 161468628) 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: $16.8M. 4 red flags identified. 3 strengths noted. Financial health grade: C.
How does Nottingham Retirement Community Inc spend its money?
Nottingham Retirement Community Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nottingham Retirement Community Inc tax-deductible?
Nottingham Retirement Community Inc is registered as a tax-exempt nonprofit (EIN: 161468628). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nottingham Retirement Community Inc CEO make?
Nottingham Retirement Community Inc's highest-compensated officer earns $15 annually. The organization reported $16.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nottingham Retirement Community Inc's spending goes to programs?
Nottingham Retirement Community Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nottingham Retirement Community Inc compare to similar nonprofits?
With a transparency score of 60/100 (Good), Nottingham Retirement Community Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nottingham Retirement Community Inc located?
Nottingham Retirement Community Inc is headquartered in Syracuse, New York and files with the IRS under EIN 161468628. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Nottingham Retirement Community Inc have?
Nottingham Retirement Community 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 $16.8M in total revenue.
Why has Nottingham Retirement Community Inc. experienced significant operating deficits in recent years, particularly the $5.3 million deficit in 2023?
The provided data shows expenses exceeding revenue in 2021, 2022, and 2023, with the largest deficit in 2023. This could be due to increased operational costs, significant capital expenditures not offset by revenue, or declining occupancy/revenue streams. Further investigation into the detailed expense categories would be needed.
How does Nottingham Retirement Community Inc. manage its high liabilities, which have often been close to or exceeded its assets?
The organization's liabilities have consistently been substantial, reaching $31,797,122 in 2023 against assets of $32,221,732. This indicates a highly leveraged financial position. Understanding the nature of these liabilities (e.g., long-term debt, bonds, deferred revenue) and the organization's debt servicing capacity is crucial.
What is the actual executive compensation structure, given that 'Officer Comp' is consistently reported as 0%?
The consistent reporting of 0% officer compensation for an organization with over $15 million in revenue is highly unusual. It's possible that compensation for key executives is reported under other expense categories (e.g., salaries and wages for employees), or that the organization relies heavily on volunteer leadership, which is less common for this scale of operation.
Filing History
IRS 990 filing history for Nottingham Retirement Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nottingham Retirement Community Inc's revenue has grown by 75.1%, moving from $8.9M to $15.5M. Total assets increased by 72.1% over the same period, from $18.7M to $32.2M. Total functional expenses rose by 154.1%, from $8.2M to $20.9M. In its most recent filing year (2023), Nottingham Retirement Community Inc reported a deficit of $5.4M, with expenses exceeding revenue. The organization holds $31.8M in liabilities against $32.2M in assets (debt-to-asset ratio: 98.7%), resulting in net assets of $425K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.5M | $20.9M | $32.2M | $31.8M | — | — |
| 2022 | $14.5M | $15.4M | $37.6M | $31.5M | — | View 990 |
| 2021 | $13.1M | $14.1M | $41.9M | $38.4M | — | View 990 |
| 2020 | $13.1M | $12.3M | $38.8M | $36.0M | — | View 990 |
| 2019 | $11.7M | $11.0M | $28.6M | $24.6M | — | View 990 |
| 2018 | $11.0M | $11.0M | $16.7M | $11.8M | — | View 990 |
| 2017 | $10.8M | $9.9M | $16.8M | $10.7M | — | — |
| 2016 | $10.5M | $9.3M | $17.2M | $12.0M | — | View 990 |
| 2015 | $10.3M | $8.8M | $17.9M | $13.9M | — | View 990 |
| 2014 | $10.0M | $8.2M | $17.5M | $15.0M | — | View 990 |
| 2013 | $9.8M | $8.0M | $18.0M | $20.1M | — | View 990 |
| 2012 | $9.4M | $8.1M | $17.8M | $21.7M | — | View 990 |
| 2011 | $8.9M | $8.2M | $18.7M | $23.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.5M, expenses of $20.9M, and assets of $32.2M (revenue +7.1% year-over-year).
- 2022: Revenue of $14.5M, expenses of $15.4M, and assets of $37.6M (revenue +10.6% year-over-year).
- 2021: Revenue of $13.1M, expenses of $14.1M, and assets of $41.9M (revenue +0.2% year-over-year).
- 2020: Revenue of $13.1M, expenses of $12.3M, and assets of $38.8M (revenue +11.7% year-over-year).
- 2019: Revenue of $11.7M, expenses of $11.0M, and assets of $28.6M (revenue +7.0% year-over-year).
- 2018: Revenue of $11.0M, expenses of $11.0M, and assets of $16.7M (revenue +1.4% year-over-year).
- 2017: Revenue of $10.8M, expenses of $9.9M, and assets of $16.8M (revenue +2.6% year-over-year).
- 2016: Revenue of $10.5M, expenses of $9.3M, and assets of $17.2M (revenue +2.2% year-over-year).
- 2015: Revenue of $10.3M, expenses of $8.8M, and assets of $17.9M (revenue +2.9% year-over-year).
- 2014: Revenue of $10.0M, expenses of $8.2M, and assets of $17.5M (revenue +2.0% year-over-year).
- 2013: Revenue of $9.8M, expenses of $8.0M, and assets of $18.0M (revenue +4.7% year-over-year).
- 2012: Revenue of $9.4M, expenses of $8.1M, and assets of $17.8M (revenue +5.7% year-over-year).
- 2011: Revenue of $8.9M, expenses of $8.2M, and assets of $18.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nottingham Retirement Community Inc:
Data Sources and Methodology
This transparency report for Nottingham Retirement Community 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.