Residential Experience In Adult Living Inc
Residential Experience In Adult Living Inc maintains stable finances with no reported officer compensation.
EIN: 112480497 · Freeport, NY · NTEE: P73Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.7M |
| Total Expenses | $3.7M |
| Program Spending | 90% |
| Net Assets | $2.9M |
| Transparency Score | 92/100 |
Is Residential Experience In Adult Living Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Residential Experience In Adult Living Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Residential Experience In Adult Living Inc
Residential Experience In Adult Living Inc (EIN: 112480497) is a nonprofit organization based in Freeport, NY, classified under NTEE code P73Z. The organization reported total revenue of $3.7M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Residential Experience In Adult Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Residential Experience In Adult Living Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-97,868 |
| Total Assets | $3.7M |
| Total Liabilities | $800K |
| Net Assets | $2.9M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 21.8% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Residential Experience In Adult Living Inc reported a deficit of $98K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 21.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Residential Experience In Adult Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | +9.1% | +18.1% |
| 2022 | +14.8% | +17.0% | -1.5% |
| 2021 | +18.8% | +4.3% | +9.0% |
| 2020 | +4.3% | +3.0% | +2.8% |
| 2019 | -3.2% | +6.0% | +1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Residential Experience In Adult Living Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Residential Experience In Adult Living Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $98K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through mechanisms not classified as officer compensation, which is highly favorable for directing funds to programs.
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.
Strengths
The following positive indicators were identified for Residential Experience In Adult Living Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in directing funds to mission.
- Stable financial history with consistent revenue generation over the past decade.
- Healthy asset growth from $2,641,410 in 201412 to $3,679,406 in 202312, demonstrating strong financial stewardship.
- Generally positive net assets, with liabilities ($800,428 in 202312) well below total assets ($3,679,406).
Frequently Asked Questions about Residential Experience In Adult Living Inc
Is Residential Experience In Adult Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Residential Experience In Adult Living Inc (EIN: 112480497) appears legitimate. Mission Score: 92/100. 0 red flags identified, 4 strengths noted.
How does Residential Experience In Adult Living Inc spend its money?
Residential Experience In Adult Living Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Residential Experience In Adult Living Inc tax-deductible?
Residential Experience In Adult Living Inc is registered as a tax-exempt nonprofit (EIN: 112480497). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Residential Experience In Adult Living Inc's spending goes to programs?
Residential Experience In Adult Living Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Residential Experience In Adult Living Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Residential Experience In Adult Living Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Residential Experience In Adult Living Inc located?
Residential Experience In Adult Living Inc is headquartered in Freeport, New York and files with the IRS under EIN 112480497. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Residential Experience In Adult Living Inc have?
Residential Experience In Adult Living 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 $3.7M in total revenue.
How does REAL Inc manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990 form. Further investigation into their operational model would clarify this.
What caused the slight deficit in the 202312 fiscal period?
In 202312, expenses ($3,733,119) slightly exceeded revenue ($3,635,251). While the specific causes are not detailed in the provided data, it could be due to increased program costs, one-time expenditures, or a temporary dip in funding. This is not a consistent trend, as prior years showed surpluses.
Is the organization's asset growth sustainable?
REAL Inc has shown consistent asset growth from $2,641,410 in 201412 to $3,679,406 in 202312. This trend, coupled with generally stable revenues, suggests sustainable financial management and a healthy balance sheet.
Filing History
IRS 990 filing history for Residential Experience In Adult Living Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Residential Experience In Adult Living Inc's revenue has grown by 46.9%, moving from $2.5M to $3.6M. Total assets increased by 48% over the same period, from $2.5M to $3.7M. Total functional expenses rose by 75.5%, from $2.1M to $3.7M. In its most recent filing year (2023), Residential Experience In Adult Living Inc reported a deficit of $98K, with expenses exceeding revenue. The organization holds $800K in liabilities against $3.7M in assets (debt-to-asset ratio: 21.8%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.7M | $3.7M | $800K | — | View 990 |
| 2022 | $3.9M | $3.4M | $3.1M | $193K | — | — |
| 2021 | $3.4M | $2.9M | $3.2M | $491K | — | View 990 |
| 2020 | $2.9M | $2.8M | $2.9M | $661K | — | View 990 |
| 2019 | $2.7M | $2.7M | $2.8M | $721K | — | View 990 |
| 2018 | $2.8M | $2.6M | $2.8M | $809K | — | View 990 |
| 2017 | $2.6M | $2.7M | $2.7M | $858K | — | View 990 |
| 2016 | $2.6M | $2.6M | $2.9M | $1.1M | — | View 990 |
| 2015 | $2.5M | $2.6M | $2.8M | $954K | — | View 990 |
| 2014 | $2.4M | $2.5M | $2.6M | $628K | — | View 990 |
| 2013 | $2.4M | $2.4M | $3.0M | $880K | — | View 990 |
| 2012 | $2.5M | $2.1M | $2.9M | $909K | — | View 990 |
| 2011 | $2.5M | $2.1M | $2.5M | $926K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.7M, and assets of $3.7M (revenue -7.0% year-over-year).
- 2022: Revenue of $3.9M, expenses of $3.4M, and assets of $3.1M (revenue +14.8% year-over-year).
- 2021: Revenue of $3.4M, expenses of $2.9M, and assets of $3.2M (revenue +18.8% year-over-year).
- 2020: Revenue of $2.9M, expenses of $2.8M, and assets of $2.9M (revenue +4.3% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $2.8M (revenue -3.2% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.6M, and assets of $2.8M (revenue +8.7% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $2.7M (revenue -0.6% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.6M, and assets of $2.9M (revenue +6.0% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $2.8M (revenue +3.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.5M, and assets of $2.6M (revenue +0.3% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.4M, and assets of $3.0M (revenue -3.7% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.1M, and assets of $2.9M (revenue +0.5% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.1M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Residential Experience In Adult Living Inc:
Data Sources and Methodology
This transparency report for Residential Experience In Adult Living 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.