Schofield Residence Inc
Schofield Residence Inc. maintains stable operations with consistent revenue and assets, though recent filings show a slight operating deficit and increasing liabilities.
EIN: 160743225 · Kenmore, NY · NTEE: E910 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $18.2M |
| Total Expenses | $17.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $11.3M |
| Transparency Score | 80/100 |
Search Intent Cockpit
Schofield Residence Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Schofield Residence 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 Schofield Residence Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $16.6M and expenses of $17.9M.
Revenue and Expenses
Schofield Residence Inc reported $16.6M in revenue and $17.9M in expenses, a deficit of $1.3M.
Executive Compensation
Top officer compensation appears as $15 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
80/100 mission score, 3 red flags, and 4 strengths are shown from structured and AI review.
Is Schofield Residence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $15.2M (85%) |
Across stored filings, Schofield Residence Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade B | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and Health context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Keep the Investigation Moving
Schofield Residence Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Schofield Residence Inc
Schofield Residence Inc (EIN: 160743225) is a nonprofit organization based in Kenmore, NY, classified under NTEE code E910. The organization reported total revenue of $18.2M and total assets of $15.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Schofield Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Schofield Residence Inc is a large nonprofit that has been operating for 90 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16.6M |
| Total Expenses | $17.9M |
| Surplus / Deficit | $-1,274,896 |
| Total Assets | $15.6M |
| Total Liabilities | $4.3M |
| Net Assets | $11.3M |
| Operating Margin | -7.7% |
| Debt-to-Asset Ratio | 27.5% |
| Months of Reserves | 10.4 months |
Financial Health Grade: B
In 2023, Schofield Residence Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 27.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Schofield Residence Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.3% | +10.8% | -3.5% |
| 2022 | +4.4% | +11.2% | +3.7% |
| 2021 | -5.2% | -9.2% | +10.8% |
| 2020 | -7.1% | -14.6% | +1.4% |
| 2019 | -7.9% | -2.4% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1936 |
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 Schofield Residence Inc with a Mission Score of 80 out of 100 (Excellent). 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, Schofield Residence 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: 27.5%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is highly unusual for an organization of this size with annual revenues exceeding $15 million. This could indicate that executive leadership is entirely volunteer-based or compensated through a different structure not captured under 'Officer Comp' in these summaries, warranting further investigation for full transparency.
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 Schofield Residence Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this size and warrants further investigation.
- Increasing liabilities over the past three years, from $1.95 million in 2020 to $4.27 million in 2023, requires scrutiny.
- Latest fiscal year (202312) shows expenses exceeding revenue by approximately $1.27 million, indicating an operating deficit.
Strengths
The following positive indicators were identified for Schofield Residence Inc:
- Long history of consistent operations and financial filings (13 filings provided).
- Stable revenue stream, consistently in the $16-19 million range over the past decade.
- Healthy asset base, consistently above $13 million, providing financial stability.
- Located in Kenmore, NY, serving a specific community need (NTEE Code E910 suggests nursing care facilities/hospices).
Frequently Asked Questions about Schofield Residence Inc
Is Schofield Residence Inc a legitimate charity?
Schofield Residence Inc (EIN: 160743225) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $18.2M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Schofield Residence Inc spend its money?
Schofield Residence Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Schofield Residence Inc tax-deductible?
Schofield Residence Inc is registered as a tax-exempt nonprofit (EIN: 160743225). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Schofield Residence Inc CEO make?
Schofield Residence Inc's highest-compensated officer earns $15 annually. The organization reported $18.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Schofield Residence Inc's spending goes to programs?
Schofield Residence Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Schofield Residence Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Schofield Residence Inc is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Schofield Residence Inc located?
Schofield Residence Inc is headquartered in Kenmore, New York and files with the IRS under EIN 160743225. It is classified under NTEE code E910.
How many years of IRS 990 filings does Schofield Residence Inc have?
Schofield Residence 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 $18.2M in total revenue.
How does Schofield Residence Inc. manage to report 0% officer compensation across all filings?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues exceeding $15 million. This could imply that executive leadership is entirely volunteer-based, or that compensation is structured in a way that is not categorized as 'Officer Comp' in the provided summary data, such as through a related entity or as general salaries and wages. A deeper dive into the full 990 forms would be necessary to clarify this.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. To accurately assess spending efficiency, one would need to review the full IRS Form 990, specifically Part IX, Statement of Functional Expenses, for each fiscal year.
What caused the increase in liabilities from $1,950,036 in 2020 to $4,274,462 in 2023?
The significant increase in liabilities over the past three years, from approximately $1.95 million in 2020 to $4.27 million in 2023, warrants investigation. This could be due to various factors such as new debt, deferred revenue, or increased accounts payable. A review of the organization's balance sheet and footnotes in the full 990 filings would provide clarity.
Is the recent operating deficit of $1.27 million in 2023 a cause for concern?
While the 2023 filing shows expenses exceeding revenue by approximately $1.27 million, this single-year deficit, in isolation, is not necessarily a major concern for an organization with over $15 million in assets. Non-profits can experience fluctuations. However, if this trend continues or if the deficit significantly depletes reserves, it would become a red flag. The organization's stable asset base suggests it can absorb such fluctuations.
Filing History
IRS 990 filing history for Schofield Residence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Schofield Residence Inc's revenue has declined by 11.9%, moving from $18.9M to $16.6M. Total assets increased by 6.6% over the same period, from $14.6M to $15.6M. Total functional expenses fell by 4.3%, from $18.7M to $17.9M. In its most recent filing year (2023), Schofield Residence Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $4.3M in liabilities against $15.6M in assets (debt-to-asset ratio: 27.5%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16.6M | $17.9M | $15.6M | $4.3M | — | — |
| 2022 | $16.1M | $16.2M | $16.1M | $3.7M | — | View 990 |
| 2021 | $15.4M | $14.5M | $15.6M | $2.9M | — | View 990 |
| 2020 | $16.3M | $16.0M | $14.0M | $2.0M | — | View 990 |
| 2019 | $17.5M | $18.7M | $13.9M | $2.3M | — | View 990 |
| 2018 | $19.0M | $19.2M | $14.0M | $2.0M | — | View 990 |
| 2017 | $19.2M | $18.8M | $15.3M | $2.7M | — | — |
| 2016 | $18.3M | $18.1M | $13.6M | $1.5M | — | View 990 |
| 2015 | $17.7M | $17.7M | $13.4M | $1.6M | — | View 990 |
| 2014 | $18.6M | $18.2M | $13.9M | $1.6M | — | View 990 |
| 2013 | $19.0M | $18.6M | $14.3M | $2.2M | — | View 990 |
| 2012 | $18.6M | $19.7M | $13.0M | $2.0M | — | View 990 |
| 2011 | $18.9M | $18.7M | $14.6M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16.6M, expenses of $17.9M, and assets of $15.6M (revenue +3.3% year-over-year).
- 2022: Revenue of $16.1M, expenses of $16.2M, and assets of $16.1M (revenue +4.4% year-over-year).
- 2021: Revenue of $15.4M, expenses of $14.5M, and assets of $15.6M (revenue -5.2% year-over-year).
- 2020: Revenue of $16.3M, expenses of $16.0M, and assets of $14.0M (revenue -7.1% year-over-year).
- 2019: Revenue of $17.5M, expenses of $18.7M, and assets of $13.9M (revenue -7.9% year-over-year).
- 2018: Revenue of $19.0M, expenses of $19.2M, and assets of $14.0M (revenue -1.2% year-over-year).
- 2017: Revenue of $19.2M, expenses of $18.8M, and assets of $15.3M (revenue +4.8% year-over-year).
- 2016: Revenue of $18.3M, expenses of $18.1M, and assets of $13.6M (revenue +3.9% year-over-year).
- 2015: Revenue of $17.7M, expenses of $17.7M, and assets of $13.4M (revenue -5.0% year-over-year).
- 2014: Revenue of $18.6M, expenses of $18.2M, and assets of $13.9M (revenue -2.2% year-over-year).
- 2013: Revenue of $19.0M, expenses of $18.6M, and assets of $14.3M (revenue +2.4% year-over-year).
- 2012: Revenue of $18.6M, expenses of $19.7M, and assets of $13.0M (revenue -1.7% year-over-year).
- 2011: Revenue of $18.9M, expenses of $18.7M, and assets of $14.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Schofield Residence Inc:
Data Sources and Methodology
This transparency report for Schofield Residence 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.