Riseboro Homecare Inc
Riseboro Homecare Inc. experiences fluctuating financial performance with recent deficit and declining assets.
EIN: 112521680 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $32.9M |
| Total Expenses | $36.3M |
| Program Spending | 85% |
| Net Assets | $4.3M |
| Transparency Score | 65/100 |
Is Riseboro Homecare Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riseboro Homecare Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riseboro Homecare Inc
Riseboro Homecare Inc (EIN: 112521680) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $32.9M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riseboro Homecare Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riseboro Homecare Inc is a large nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.0M |
| Total Expenses | $36.3M |
| Surplus / Deficit | $-1,298,314 |
| Total Assets | $9.9M |
| Total Liabilities | $5.6M |
| Net Assets | $4.3M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 56.6% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2023, Riseboro Homecare Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 56.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riseboro Homecare Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -1.2% | -20.8% |
| 2022 | +9.6% | -11.1% | -16.0% |
| 2021 | -3.8% | +8.5% | -22.0% |
| 2020 | -3.2% | -1.5% | +106.4% |
| 2019 | +7.4% | +8.5% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Riseboro Homecare Inc with a Mission Score of 65 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, Riseboro Homecare 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.6%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of this size and revenue, suggesting either a highly volunteer-driven leadership or that compensation is categorized differently, which impacts transparency regarding 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 Riseboro Homecare Inc's IRS 990 filings:
- Recent operating deficit of over $1.2 million in 202306.
- Significant decline in assets from $19.1 million in 202006 to $9.9 million in 202306.
- Unclear executive compensation reporting (0% officer comp for an organization of this size).
Strengths
The following positive indicators were identified for Riseboro Homecare Inc:
- Consistent high revenue generation, generally in the $30-40 million range annually.
- History of managing significant liabilities, with a reduction from $15.4 million in 201506 to $5.6 million in 202306.
- Long operational history with 13 IRS 990 filings available.
Frequently Asked Questions about Riseboro Homecare Inc
Is Riseboro Homecare Inc a legitimate charity?
Riseboro Homecare Inc (EIN: 112521680) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $32.9M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Riseboro Homecare Inc spend its money?
Riseboro Homecare Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Riseboro Homecare Inc tax-deductible?
Riseboro Homecare Inc is registered as a tax-exempt nonprofit (EIN: 112521680). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riseboro Homecare Inc's spending goes to programs?
Riseboro Homecare Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Riseboro Homecare Inc located?
Riseboro Homecare Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112521680.
How many years of IRS 990 filings does Riseboro Homecare Inc have?
Riseboro Homecare 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 $32.9M in total revenue.
Is Riseboro Homecare Inc. financially stable?
The organization's financial stability shows some volatility. While it had a surplus of over $3 million in 202206, it reported a deficit of over $1.2 million in 202306. Assets have also decreased significantly from $19.1 million in 202006 to $9.9 million in 202306, indicating a need for closer monitoring of its financial trends.
What is the reason for the 0% officer compensation reported?
The consistent reporting of 0% officer compensation across all available filings is atypical for an organization with annual revenues in the tens of millions. This could mean that executive leadership is entirely volunteer-based, or that compensation is reported under different expense categories, which would reduce transparency regarding executive pay.
How has the organization's asset base changed over time?
Riseboro Homecare Inc.'s assets have shown a significant decline in recent years, from a peak of $19.1 million in 202006 to $9.9 million in 202306. This trend warrants further investigation to understand the underlying causes and implications for the organization's long-term capacity.
Filing History
IRS 990 filing history for Riseboro Homecare Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riseboro Homecare Inc's revenue has declined by 22.7%, moving from $45.3M to $35.0M. Total assets decreased by 49.8% over the same period, from $19.8M to $9.9M. Total functional expenses fell by 18.3%, from $44.4M to $36.3M. In its most recent filing year (2023), Riseboro Homecare Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $5.6M in liabilities against $9.9M in assets (debt-to-asset ratio: 56.6%), resulting in net assets of $4.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.0M | $36.3M | $9.9M | $5.6M | — | — |
| 2022 | $39.8M | $36.7M | $12.5M | $6.9M | — | View 990 |
| 2021 | $36.3M | $41.3M | $14.9M | $12.4M | — | — |
| 2020 | $37.8M | $38.0M | $19.1M | $11.7M | — | View 990 |
| 2019 | $39.0M | $38.6M | $9.3M | $9.8M | — | View 990 |
| 2018 | $36.4M | $35.6M | $8.8M | $10.2M | — | View 990 |
| 2017 | $37.4M | $37.3M | $11.4M | $13.5M | — | View 990 |
| 2016 | $38.2M | $35.7M | $9.4M | $13.1M | — | View 990 |
| 2015 | $39.2M | $38.6M | $9.4M | $15.4M | — | View 990 |
| 2014 | $42.7M | $41.9M | $11.8M | $9.4M | — | View 990 |
| 2013 | $40.6M | $40.0M | $19.9M | $12.8M | — | View 990 |
| 2012 | $41.9M | $40.1M | $19.6M | $5.4M | — | View 990 |
| 2011 | $45.3M | $44.4M | $19.8M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.0M, expenses of $36.3M, and assets of $9.9M (revenue -12.2% year-over-year).
- 2022: Revenue of $39.8M, expenses of $36.7M, and assets of $12.5M (revenue +9.6% year-over-year).
- 2021: Revenue of $36.3M, expenses of $41.3M, and assets of $14.9M (revenue -3.8% year-over-year).
- 2020: Revenue of $37.8M, expenses of $38.0M, and assets of $19.1M (revenue -3.2% year-over-year).
- 2019: Revenue of $39.0M, expenses of $38.6M, and assets of $9.3M (revenue +7.4% year-over-year).
- 2018: Revenue of $36.4M, expenses of $35.6M, and assets of $8.8M (revenue -2.8% year-over-year).
- 2017: Revenue of $37.4M, expenses of $37.3M, and assets of $11.4M (revenue -2.0% year-over-year).
- 2016: Revenue of $38.2M, expenses of $35.7M, and assets of $9.4M (revenue -2.6% year-over-year).
- 2015: Revenue of $39.2M, expenses of $38.6M, and assets of $9.4M (revenue -8.2% year-over-year).
- 2014: Revenue of $42.7M, expenses of $41.9M, and assets of $11.8M (revenue +5.2% year-over-year).
- 2013: Revenue of $40.6M, expenses of $40.0M, and assets of $19.9M (revenue -3.1% year-over-year).
- 2012: Revenue of $41.9M, expenses of $40.1M, and assets of $19.6M (revenue -7.5% year-over-year).
- 2011: Revenue of $45.3M, expenses of $44.4M, and assets of $19.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riseboro Homecare Inc:
Data Sources and Methodology
This transparency report for Riseboro Homecare 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.