Rockland Home For The Aged Housing Development Fund Company Inc

Rockland Home For The Aged consistently generates surpluses but maintains a negative net asset position.

EIN: 132981097 · Suffern, NY · NTEE: L21Z · Updated: 2026-03-28

$1.7MRevenue

$5.9MAssets

75/100Mission Score (Good)

L21Z

About Rockland Home For The Aged Housing Development Fund Company Inc

Rockland Home For The Aged Housing Development Fund Company Inc (EIN: 132981097) is a nonprofit organization based in Suffern, NY, classified under NTEE code L21Z. The organization reported total revenue of $1.7M and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockland Home For The Aged Housing Development Fund Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Rockland Home For The Aged Housing Development Fund Company Inc demonstrates consistent financial operations, with revenues generally exceeding expenses over the past several years. For instance, in the 202406 period, revenue was $1,672,126 against expenses of $1,525,339, indicating a surplus. The organization's assets have remained relatively stable, hovering around $5.8 million to $6 million in recent years, though there has been a gradual decline from a high of $7,046,885 in 201506. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-led or externally managed executive structure, contributing to operational efficiency by minimizing overhead in this area. However, the organization consistently reports liabilities exceeding assets, indicating a negative net asset position, which warrants closer examination.

The organization's spending efficiency appears sound given the consistent surpluses and the lack of reported officer compensation. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the overall financial health, as indicated by the revenue-to-expense ratio, is generally positive. The consistent filing of IRS Form 990s over 14 periods demonstrates a commitment to transparency, allowing public scrutiny of its financial activities. The stability in revenue and expenses suggests predictable operations, which is a positive indicator for a housing development fund company.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rockland Home For The Aged Housing Development Fund Company 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: 90%
fundraising: 0%

According to IRS 990 filings, Rockland Home For The Aged Housing Development Fund Company Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that no compensation is paid to officers, which is highly efficient for an organization of its size with revenues over $1.6 million.

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 Rockland Home For The Aged Housing Development Fund Company Inc's IRS 990 filings:

Consistent negative net asset position (liabilities exceed assets)
Gradual decline in total assets over the past decade

Strengths

The following positive indicators were identified for Rockland Home For The Aged Housing Development Fund Company Inc:

Consistent revenue exceeding expenses, indicating operational sustainability
0% officer compensation, demonstrating high efficiency in executive costs
Long history of IRS 990 filings, indicating transparency and compliance
Stable revenue streams over multiple years

Frequently Asked Questions about Rockland Home For The Aged Housing Development Fund Company Inc

Is Rockland Home For The Aged a good charity?

Based on the available data, the organization consistently generates surpluses, reports 0% officer compensation, and has a long history of IRS filings, suggesting good operational management and transparency. However, the persistent negative net asset position (liabilities exceeding assets) is a financial concern that would require further investigation into the nature of these liabilities.

Why do liabilities consistently exceed assets?

The filings consistently show liabilities exceeding assets (e.g., 202406: Assets=$5,829,100, Liabilities=$6,307,593). This indicates a negative net asset position, which could be due to significant long-term debt, such as mortgages on properties, or other financial obligations. A deeper dive into the balance sheet would be necessary to understand the specific nature of these liabilities.

What is the trend in the organization's asset base?

The organization's assets have shown a gradual decline over the past decade, from a high of $7,046,885 in 201506 to $5,829,100 in 202406. While still substantial, this trend warrants monitoring to understand if it impacts the organization's long-term capacity.

Filing History

IRS 990 filing history for Rockland Home For The Aged Housing Development Fund Company Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Rockland Home For The Aged Housing Development Fund Company Inc's revenue has grown by 2%, moving from $1.6M to $1.7M. Total assets increased by 167.9% over the same period, from $2.2M to $5.8M. Total functional expenses fell by 5.8%, from $1.6M to $1.5M. In its most recent filing year (2024), Rockland Home For The Aged Housing Development Fund Company Inc reported a surplus of $147K, with revenue exceeding expenses. The organization holds $6.3M in liabilities against $5.8M in assets (debt-to-asset ratio: 108.2%), resulting in net assets of $-478,493.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$1.7M	$1.5M	$5.8M	$6.3M	—	View 990
2023	$1.6M	$1.5M	$5.8M	$6.4M	—	View 990
2022	$1.6M	$1.5M	$5.8M	$6.6M	—	View 990
2021	$1.5M	$1.5M	$5.9M	$6.7M	—	View 990
2020	$1.5M	$1.5M	$6.0M	$6.8M	—	View 990
2019	$1.5M	$1.5M	$6.1M	$6.9M	—	View 990
2018	$1.5M	$1.5M	$6.3M	$7.1M	—	—
2017	$1.4M	$1.4M	$6.2M	$7.1M	—	View 990
2016	$1.4M	$1.5M	$7.0M	$7.8M	—	View 990
2015	$1.6M	$1.5M	$7.0M	$7.8M	—	View 990
2014	$1.6M	$1.5M	$2.1M	$2.9M	—	View 990
2013	$1.6M	$1.5M	$2.1M	$3.1M	—	View 990
2012	$1.6M	$1.5M	$2.1M	$3.2M	—	View 990
2011	$1.6M	$1.6M	$2.2M	$3.5M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $1.7M, expenses of $1.5M, and assets of $5.8M (revenue +2.9% year-over-year).
2023: Revenue of $1.6M, expenses of $1.5M, and assets of $5.8M (revenue +2.8% year-over-year).
2022: Revenue of $1.6M, expenses of $1.5M, and assets of $5.8M (revenue +3.8% year-over-year).
2021: Revenue of $1.5M, expenses of $1.5M, and assets of $5.9M (revenue +0.4% year-over-year).
2020: Revenue of $1.5M, expenses of $1.5M, and assets of $6.0M (revenue +1.2% year-over-year).
2019: Revenue of $1.5M, expenses of $1.5M, and assets of $6.1M (revenue -0.9% year-over-year).
2018: Revenue of $1.5M, expenses of $1.5M, and assets of $6.3M (revenue +8.0% year-over-year).
2017: Revenue of $1.4M, expenses of $1.4M, and assets of $6.2M (revenue +0.4% year-over-year).
2016: Revenue of $1.4M, expenses of $1.5M, and assets of $7.0M (revenue -15.3% year-over-year).
2015: Revenue of $1.6M, expenses of $1.5M, and assets of $7.0M (revenue +0.1% year-over-year).
2014: Revenue of $1.6M, expenses of $1.5M, and assets of $2.1M (revenue +0.9% year-over-year).
2013: Revenue of $1.6M, expenses of $1.5M, and assets of $2.1M (revenue +0.5% year-over-year).
2012: Revenue of $1.6M, expenses of $1.5M, and assets of $2.1M (revenue -1.1% year-over-year).
2011: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M.

Data Sources and Methodology

This transparency report for Rockland Home For The Aged Housing Development Fund Company 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.