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

$18.2MRevenue

$15.0MAssets

80/100Mission Score (Excellent)

E910

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.

AI Transparency Report

Schofield Residence Inc. demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade, hovering around the $16-19 million mark. The organization has maintained a stable asset base, currently at $15,048,283, which is a healthy position relative to its annual operating budget. While the latest filing (202312) shows expenses exceeding revenue by approximately $1.27 million, this is not an uncommon fluctuation for a non-profit of this size and does not immediately indicate financial distress, especially given the consistent asset base. The organization's liabilities have shown a gradual increase over the past few years, reaching $4,274,462 in 2023, which warrants monitoring but is still manageable against its assets.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent operational scale suggests a mature organization with established processes. The absence of reported officer compensation across all filings is a notable point regarding transparency, as it could indicate that key leadership is compensated through other means or that the organization operates with a volunteer executive structure, which would be highly efficient. Further investigation into the detailed expense categories would provide a clearer picture of spending efficiency.

Overall, Schofield Residence Inc. appears to be a financially stable organization with a long operating history. Its consistent revenue and asset base, coupled with the lack of reported officer compensation, suggest a potentially efficient and well-managed entity. However, the recent increase in liabilities and the slight deficit in the latest fiscal year are areas that would benefit from closer scrutiny in a full financial review.

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.

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

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.	PDF
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.

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.