Sacred Heart Retirement Community Inc

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Sacred Heart Retirement Community Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Sacred Heart Retirement Community Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Sacred Heart Retirement Community Inc in one place.

Is Sacred Heart 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 →

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Across stored filings, Sacred Heart Retirement Community Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Sacred Heart Retirement Community Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Sacred Heart Retirement Community Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Sacred Heart Retirement Community Inc

Sacred Heart Retirement Community Inc (EIN: 222557795) is a nonprofit organization based in Vernon, CT, classified under NTEE code L22Z. The organization reported total revenue of $690K and total assets of $965K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sacred Heart Retirement Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Sacred Heart Retirement Community Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Sacred Heart Retirement Community Inc reported a deficit of $13K with expenses exceeding revenue, holds 20.3 months of operating reserves (strong position), has a debt-to-asset ratio of 166.8% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Sacred Heart Retirement Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.

IRS Tax-Exempt Classification

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 Sacred Heart Retirement Community 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: 85%
• fundraising: 5%

According to IRS 990 filings, Sacred Heart Retirement Community 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 $13K, with expenses exceeding revenue.
• Debt-to-asset ratio: 166.8%.

Executive Compensation Analysis

Executive compensation is not reported in the provided filings, with 'c0%' consistently indicated, suggesting a volunteer-based leadership or compensation handled outside of these specific disclosures.

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 Sacred Heart Retirement Community Inc's IRS 990 filings:

• Significant and consistent decline in total assets over the past 7 years, from $1,480,584 in 2016 to $964,989 in 2023.
• Lack of reported compensation ('c0%') could indicate reliance on volunteers or alternative funding/compensation structures that are not transparently detailed.
• Liabilities consistently exceed assets, indicating a negative net asset position.

Strengths

The following positive indicators were identified for Sacred Heart Retirement Community Inc:

• Consistent revenue generation over the past several years, demonstrating stable operational income.
• Expenses generally align with or are slightly below revenue, indicating fiscal prudence in day-to-day operations.
• Long operational history with consistent filings, suggesting organizational stability.

Frequently Asked Questions about Sacred Heart Retirement Community Inc

Filing History

IRS 990 filing history for Sacred Heart Retirement Community Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Sacred Heart Retirement Community Inc's revenue has grown by 25.2%, moving from $545K to $682K. Total assets increased by 102.6% over the same period, from $581K to $1.2M. Total functional expenses rose by 21%, from $574K to $695K. In its most recent filing year (2023), Sacred Heart Retirement Community Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.2M in assets (debt-to-asset ratio: 166.8%), resulting in net assets of $-787,439.

Year-by-Year Financial Summary

• 2023: Revenue of $682K, expenses of $695K, and assets of $1.2M (revenue +3.2% year-over-year).
• 2022: Revenue of $661K, expenses of $665K, and assets of $1.3M (revenue +1.4% year-over-year).
• 2021: Revenue of $652K, expenses of $646K, and assets of $1.5M (revenue +7.0% year-over-year).
• 2020: Revenue of $609K, expenses of $588K, and assets of $1.3M (revenue +1.2% year-over-year).
• 2019: Revenue of $602K, expenses of $609K, and assets of $1.3M (revenue +1.4% year-over-year).
• 2018: Revenue of $594K, expenses of $597K, and assets of $1.4M (revenue +1.1% year-over-year).
• 2017: Revenue of $587K, expenses of $571K, and assets of $1.5M (revenue -1.8% year-over-year).
• 2016: Revenue of $598K, expenses of $597K, and assets of $1.5M (revenue +5.2% year-over-year).
• 2015: Revenue of $568K, expenses of $589K, and assets of $1.5M (revenue +4.1% year-over-year).
• 2014: Revenue of $546K, expenses of $597K, and assets of $1.6M (revenue +0.5% year-over-year).
• 2013: Revenue of $543K, expenses of $533K, and assets of $1.7M (revenue -1.8% year-over-year).
• 2012: Revenue of $553K, expenses of $566K, and assets of $1.7M (revenue +1.5% year-over-year).
• 2011: Revenue of $545K, expenses of $574K, and assets of $581K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Sacred Heart Retirement Community Inc:

Data Sources and Methodology

This transparency report for Sacred Heart 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.