Schaffer Extended Care Center
EIN: 462929888 · New Rochelle, NY · NTEE: E21
Is Schaffer Extended Care Center Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Schaffer Extended Care Center
Schaffer Extended Care Center (EIN: 462929888) is a nonprofit organization based in New Rochelle, NY, classified under NTEE code E21. The organization reported total revenue of $17.8M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schaffer Extended Care Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schaffer Extended Care Center is a large nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.3M |
| Total Expenses | $25.9M |
| Surplus / Deficit | $-8,580,991 |
| Total Assets | $7.4M |
| Total Liabilities | $43.2M |
| Net Assets | $-35,784,586 |
| Operating Margin | -49.6% |
| Debt-to-Asset Ratio | 581.3% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Schaffer Extended Care Center reported a deficit of $8.6M with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 581.3% (high leverage).
Financial Trends
Over 11 years of filings (2013–2023), Schaffer Extended Care Center's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.0% | +8.1% | -21.7% |
| 2022 | +17.1% | +3.7% | -13.8% |
| 2021 | -4.8% | +3.9% | -11.3% |
| 2020 | +8.6% | +2.9% | +8.7% |
| 2019 | -3.6% | +2.9% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Schaffer Extended Care Center has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Schaffer Extended Care Center with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 581.3%.
Frequently Asked Questions about Schaffer Extended Care Center
Is Schaffer Extended Care Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Schaffer Extended Care Center (EIN: 462929888) insufficient data. 0 red flags identified, 0 strengths noted.
How does Schaffer Extended Care Center spend its money?
Detailed spending breakdown data is not yet available for Schaffer Extended Care Center. Check back for updated IRS 990 analysis.
Are donations to Schaffer Extended Care Center tax-deductible?
Schaffer Extended Care Center is registered as a tax-exempt nonprofit (EIN: 462929888). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Schaffer Extended Care Center showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Schaffer Extended Care Center's revenue has grown by 535.3%, moving from $2.7M to $17.3M. Total assets increased by 12.5% over the same period, from $6.6M to $7.4M. Total functional expenses rose by 631.3%, from $3.5M to $25.9M. In its most recent filing year (2023), Schaffer Extended Care Center reported a deficit of $8.6M, with expenses exceeding revenue. The organization holds $43.2M in liabilities against $7.4M in assets (debt-to-asset ratio: 581.3%), resulting in net assets of $-35,784,586.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.3M | $25.9M | $7.4M | $43.2M | — | — |
| 2022 | $18.2M | $24.0M | $9.5M | $34.3M | — | View 990 |
| 2021 | $15.6M | $23.1M | $11.0M | $29.9M | — | View 990 |
| 2020 | $16.3M | $22.2M | $12.4M | $23.7M | — | View 990 |
| 2019 | $15.0M | $21.6M | $11.4M | $16.8M | — | View 990 |
| 2018 | $15.6M | $21.0M | $13.2M | $35.6M | — | View 990 |
| 2017 | $17.4M | $22.5M | $13.9M | $30.9M | — | View 990 |
| 2016 | $18.4M | $21.6M | $9.2M | $21.1M | — | View 990 |
| 2015 | $15.0M | $19.9M | $7.7M | $16.3M | — | View 990 |
| 2014 | $17.6M | $20.7M | $7.2M | $10.9M | — | View 990 |
| 2013 | $2.7M | $3.5M | $6.6M | $7.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.3M, expenses of $25.9M, and assets of $7.4M (revenue -5.0% year-over-year).
- 2022: Revenue of $18.2M, expenses of $24.0M, and assets of $9.5M (revenue +17.1% year-over-year).
- 2021: Revenue of $15.6M, expenses of $23.1M, and assets of $11.0M (revenue -4.8% year-over-year).
- 2020: Revenue of $16.3M, expenses of $22.2M, and assets of $12.4M (revenue +8.6% year-over-year).
- 2019: Revenue of $15.0M, expenses of $21.6M, and assets of $11.4M (revenue -3.6% year-over-year).
- 2018: Revenue of $15.6M, expenses of $21.0M, and assets of $13.2M (revenue -10.1% year-over-year).
- 2017: Revenue of $17.4M, expenses of $22.5M, and assets of $13.9M (revenue -5.9% year-over-year).
- 2016: Revenue of $18.4M, expenses of $21.6M, and assets of $9.2M (revenue +22.6% year-over-year).
- 2015: Revenue of $15.0M, expenses of $19.9M, and assets of $7.7M (revenue -14.6% year-over-year).
- 2014: Revenue of $17.6M, expenses of $20.7M, and assets of $7.2M (revenue +546.8% year-over-year).
- 2013: Revenue of $2.7M, expenses of $3.5M, and assets of $6.6M.
Data Sources and Methodology
This transparency report for Schaffer Extended Care Center 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.