Park Ridge Nursing Home Inc
Park Ridge Nursing Home Inc. consistently generates surpluses, maintaining stable assets and no reported officer compensation.
EIN: 160978184 · Rochester, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.5M |
| Total Expenses | $21.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $7.6M |
| Transparency Score | 85/100 |
Is Park Ridge Nursing Home Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Park Ridge Nursing Home Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Park Ridge Nursing Home Inc
Park Ridge Nursing Home Inc (EIN: 160978184) is a nonprofit organization based in Rochester, NY. The organization reported total revenue of $23.5M and total assets of $28.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park Ridge Nursing Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Park Ridge Nursing Home Inc is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $25.1M |
| Total Expenses | $21.3M |
| Surplus / Deficit | +$3.8M |
| Total Assets | $28.0M |
| Total Liabilities | $20.5M |
| Net Assets | $7.6M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 72.9% |
| Months of Reserves | 15.8 months |
Financial Health Grade: A
In 2023, Park Ridge Nursing Home Inc reported a surplus of $3.8M with revenue exceeding expenses, holds 15.8 months of operating reserves (strong position), has a debt-to-asset ratio of 72.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Park Ridge Nursing Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.2% | +2.4% | +13.0% |
| 2022 | +0.1% | -6.1% | -4.2% |
| 2021 | +1.8% | +4.1% | -3.9% |
| 2020 | -22.0% | -21.6% | +3.0% |
| 2019 | -5.6% | -5.7% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Park Ridge Nursing Home 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Park Ridge Nursing Home Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $3.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 72.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either uncompensated or compensated through mechanisms not categorized as 'officer compensation' on the 990 form, which is unusual for an organization with revenues exceeding $20 million annually.
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 Park Ridge Nursing Home Inc's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size may warrant further investigation into executive compensation structures.
Strengths
The following positive indicators were identified for Park Ridge Nursing Home Inc:
- Consistent financial surpluses, such as $3,809,075 in 2023, indicating strong financial management.
- Stable asset base, with $28,043,331 in 2023, providing a solid foundation.
- Significant reduction in liabilities from $28,210,517 in 2020 to $20,456,964 in 2023, improving financial health.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency.
Frequently Asked Questions about Park Ridge Nursing Home Inc
Is Park Ridge Nursing Home Inc a legitimate charity?
Park Ridge Nursing Home Inc (EIN: 160978184) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Park Ridge Nursing Home Inc spend its money?
Park Ridge Nursing Home Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Park Ridge Nursing Home Inc tax-deductible?
Park Ridge Nursing Home Inc is registered as a tax-exempt nonprofit (EIN: 160978184). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Park Ridge Nursing Home Inc CEO make?
Park Ridge Nursing Home Inc's highest-compensated officer earns $20 annually. The organization reported $23.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Park Ridge Nursing Home Inc's spending goes to programs?
Park Ridge Nursing Home Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Park Ridge Nursing Home Inc located?
Park Ridge Nursing Home Inc is headquartered in Rochester, New York and files with the IRS under EIN 160978184.
How many years of IRS 990 filings does Park Ridge Nursing Home Inc have?
Park Ridge Nursing Home 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 $23.5M in total revenue.
Is Park Ridge Nursing Home Inc. financially stable?
Yes, the organization appears financially stable, consistently generating surpluses (e.g., $3,809,075 in 2023) and maintaining stable assets ($28,043,331 in 2023).
How has the organization's revenue trended?
Revenue has fluctuated but generally remained strong, ranging from a low of $21,380,437 in 2020 to a high of $29,026,971 in 2018.
What is the organization's liability situation?
Liabilities have decreased significantly from a high of $28,210,517 in 2020 to $20,456,964 in 2023, indicating improved financial health.
Does the organization compensate its officers?
Based on the provided data, the organization consistently reports 0% officer compensation across all 13 filings, which is noteworthy for an organization of this size.
Filing History
IRS 990 filing history for Park Ridge Nursing Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Park Ridge Nursing Home Inc's revenue has grown by 2.3%, moving from $24.5M to $25.1M. Total assets decreased by 0.3% over the same period, from $28.1M to $28.0M. Total functional expenses fell by 14.3%, from $24.9M to $21.3M. In its most recent filing year (2023), Park Ridge Nursing Home Inc reported a surplus of $3.8M, with revenue exceeding expenses. The organization holds $20.5M in liabilities against $28.0M in assets (debt-to-asset ratio: 72.9%), resulting in net assets of $7.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $25.1M | $21.3M | $28.0M | $20.5M | — | — |
| 2022 | $21.8M | $20.8M | $24.8M | $20.1M | — | View 990 |
| 2021 | $21.8M | $22.1M | $25.9M | $24.4M | — | View 990 |
| 2020 | $21.4M | $21.3M | $27.0M | $28.2M | — | View 990 |
| 2019 | $27.4M | $27.1M | $26.2M | $25.7M | — | View 990 |
| 2018 | $29.0M | $28.8M | $27.8M | $25.6M | — | View 990 |
| 2017 | $28.7M | $28.7M | $27.4M | $25.2M | — | View 990 |
| 2016 | $26.9M | $26.3M | $28.2M | $25.7M | — | View 990 |
| 2015 | $26.2M | $26.2M | $26.5M | $24.7M | — | View 990 |
| 2014 | $26.0M | $26.0M | $28.8M | $27.3M | — | View 990 |
| 2013 | $24.1M | $24.2M | $28.9M | $24.3M | — | View 990 |
| 2012 | $23.4M | $23.7M | $26.9M | $23.2M | — | View 990 |
| 2011 | $24.5M | $24.9M | $28.1M | $23.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $25.1M, expenses of $21.3M, and assets of $28.0M (revenue +15.2% year-over-year).
- 2022: Revenue of $21.8M, expenses of $20.8M, and assets of $24.8M (revenue +0.1% year-over-year).
- 2021: Revenue of $21.8M, expenses of $22.1M, and assets of $25.9M (revenue +1.8% year-over-year).
- 2020: Revenue of $21.4M, expenses of $21.3M, and assets of $27.0M (revenue -22.0% year-over-year).
- 2019: Revenue of $27.4M, expenses of $27.1M, and assets of $26.2M (revenue -5.6% year-over-year).
- 2018: Revenue of $29.0M, expenses of $28.8M, and assets of $27.8M (revenue +1.2% year-over-year).
- 2017: Revenue of $28.7M, expenses of $28.7M, and assets of $27.4M (revenue +6.5% year-over-year).
- 2016: Revenue of $26.9M, expenses of $26.3M, and assets of $28.2M (revenue +2.7% year-over-year).
- 2015: Revenue of $26.2M, expenses of $26.2M, and assets of $26.5M (revenue +0.8% year-over-year).
- 2014: Revenue of $26.0M, expenses of $26.0M, and assets of $28.8M (revenue +8.0% year-over-year).
- 2013: Revenue of $24.1M, expenses of $24.2M, and assets of $28.9M (revenue +3.0% year-over-year).
- 2012: Revenue of $23.4M, expenses of $23.7M, and assets of $26.9M (revenue -4.8% year-over-year).
- 2011: Revenue of $24.5M, expenses of $24.9M, and assets of $28.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park Ridge Nursing Home Inc:
Data Sources and Methodology
This transparency report for Park Ridge Nursing Home 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.