Sacred Heart Retirement Community Inc
Sacred Heart Retirement Community: Stable Operations, Declining Assets
EIN: 222557795 · Vernon, CT · NTEE: L22Z · Updated: 2026-04-04
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 →
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.
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.
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
Is Sacred Heart Retirement Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sacred Heart Retirement Community Inc (EIN: 222557795) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Sacred Heart Retirement Community Inc spend its money?
Sacred Heart Retirement Community Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sacred Heart Retirement Community Inc tax-deductible?
Sacred Heart Retirement Community Inc is registered as a tax-exempt nonprofit (EIN: 222557795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Sacred Heart Retirement Community Inc do?
Sacred Heart Retirement Community Inc is a nonprofit organization in the Housing & Shelter sector, located in Vernon, Connecticut. It is classified under NTEE code L22Z.
How much revenue does Sacred Heart Retirement Community Inc have?
Sacred Heart Retirement Community Inc reported total revenue of $689,704. Based on 13 IRS 990 filings on record.
What are Sacred Heart Retirement Community Inc's total assets?
Sacred Heart Retirement Community Inc holds total assets of $964,989 as reported in IRS 990 filings.
Where is Sacred Heart Retirement Community Inc located?
Sacred Heart Retirement Community Inc is based in Vernon, Connecticut.
What is Sacred Heart Retirement Community Inc's EIN?
Sacred Heart Retirement Community Inc's Employer Identification Number (EIN) is 222557795. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sacred Heart Retirement Community Inc?
Sacred Heart Retirement Community Inc is classified under NTEE code L22Z (Housing & Shelter).
Is Sacred Heart Retirement Community Inc a registered 501(c)(3)?
Yes, Sacred Heart Retirement Community Inc is recognized as a tax-exempt organization by the IRS. EIN: 222557795.
Does Sacred Heart Retirement Community Inc file IRS Form 990?
Yes, Sacred Heart Retirement Community Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sacred Heart Retirement Community Inc's revenue in 2023?
In the 202312 filing period, Sacred Heart Retirement Community Inc reported total revenue of $682,169, total expenses of $694,923, and net assets of $1,178,232.
Is Sacred Heart Retirement Community Inc's revenue growing or declining?
Sacred Heart Retirement Community Inc's revenue is relatively stable. Revenue went from $660,911 (202212) to $682,169 (202312), a +3.2% change. Based on 13 filings on record.
What is Sacred Heart Retirement Community Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sacred Heart Retirement Community Inc covers tax period 202312. It shows revenue of $682,169, expenses of $694,923, total assets of $1,178,232, and liabilities of $1,965,671.
How much does Sacred Heart Retirement Community Inc spend on programs vs administration?
Based on IRS 990 analysis, Sacred Heart Retirement Community Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Sacred Heart Retirement Community Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sacred Heart Retirement Community Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Sacred Heart Retirement Community Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sacred Heart Retirement Community Inc's strengths?
Positive indicators for Sacred Heart Retirement Community Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Sacred Heart Retirement Community Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' for compensation, how does Sacred Heart Retirement Community Inc. manage its leadership and operational staffing, and what are the implications for long-term sustainability?
The consistent reporting of 'c0%' for compensation suggests a heavy reliance on volunteer staff or that compensation is handled through an affiliated entity not detailed in these specific filings. This model could be a strength in cost control but raises questions about professional leadership continuity and the capacity to attract specialized talent without direct compensation.
What factors are contributing to the continuous decline in total assets, and what strategies are in place to reverse this trend or mitigate its impact on the community's services?
The data shows a steady decline in assets from $1.48M in 2016 to $964k in 2023. Without further detail, potential factors could include depreciation of physical assets, insufficient capital investment, or net operating losses over time. This trend could impact the organization's ability to maintain facilities or expand services in the future.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $682K | $695K | $1.2M | $2.0M | — | View 990 |
| 2022 | $661K | $665K | $1.3M | $2.0M | — | View 990 |
| 2021 | $652K | $646K | $1.5M | $2.3M | — | View 990 |
| 2020 | $609K | $588K | $1.3M | $2.1M | — | View 990 |
| 2019 | $602K | $609K | $1.3M | $2.1M | — | View 990 |
| 2018 | $594K | $597K | $1.4M | $2.2M | — | View 990 |
| 2017 | $587K | $571K | $1.5M | $2.3M | — | View 990 |
| 2016 | $598K | $597K | $1.5M | $2.3M | — | View 990 |
| 2015 | $568K | $589K | $1.5M | $2.3M | — | View 990 |
| 2014 | $546K | $597K | $1.6M | $2.4M | — | View 990 |
| 2013 | $543K | $533K | $1.7M | $2.4M | — | View 990 |
| 2012 | $553K | $566K | $1.7M | $2.5M | — | View 990 |
| 2011 | $545K | $574K | $581K | $1.3M | — | View 990 |
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.
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.