School Settlement Home Attendant Service Corp
School Settlement Home Attendant Service Corp's revenue has declined by over 45% since 2014, while maintaining a consistent operational surplus and reporting no officer compensation.
EIN: 112578076 · Brooklyn, NY · NTEE: P44Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.2M |
| Total Expenses | $15.3M |
| Program Spending | 90% |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
Is School Settlement Home Attendant Service Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
School Settlement Home Attendant Service Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About School Settlement Home Attendant Service Corp
School Settlement Home Attendant Service Corp (EIN: 112578076) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P44Z. The organization reported total revenue of $13.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of School Settlement Home Attendant Service Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
School Settlement Home Attendant Service Corp is a large nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.3M |
| Total Expenses | $15.3M |
| Surplus / Deficit | +$41K |
| Total Assets | $11.6M |
| Total Liabilities | $4.3M |
| Net Assets | $7.2M |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 37.5% |
| Months of Reserves | 9.1 months |
Financial Health Grade: A
In 2023, School Settlement Home Attendant Service Corp reported a surplus of $41K with revenue exceeding expenses, holds 9.1 months of operating reserves (strong position), has a debt-to-asset ratio of 37.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), School Settlement Home Attendant Service Corp's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -0.1% | -62.4% |
| 2022 | -17.4% | -14.1% | +5.7% |
| 2021 | -11.8% | -11.8% | +11.6% |
| 2020 | -4.8% | -6.5% | +113.4% |
| 2019 | -10.3% | -3.4% | -48.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 School Settlement Home Attendant Service Corp with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, School Settlement Home Attendant Service Corp allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 surplus of $41K, with revenue exceeding expenses.
- Debt-to-asset ratio: 37.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of this size and suggests a volunteer-led or externally compensated leadership structure.
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 School Settlement Home Attendant Service Corp's IRS 990 filings:
- Significant and consistent decline in revenue over the past decade (from $27.9M in 2014 to $15.3M in 2023).
- Unusually high fluctuation in assets and liabilities, particularly the drop in assets from $30.7M in 2022 to $11.5M in 2023, without clear explanation in summary data.
- Consistent 0% officer compensation, which, while transparent, is atypical for an organization of this scale and warrants inquiry into leadership structure and compensation methods.
Strengths
The following positive indicators were identified for School Settlement Home Attendant Service Corp:
- Consistent operational surpluses, indicating sound financial management (e.g., $40,837 surplus in 2023).
- High transparency regarding executive compensation, reporting 0% officer compensation across all filings.
- Maintains a positive net asset position, demonstrating financial stability despite revenue declines.
Frequently Asked Questions about School Settlement Home Attendant Service Corp
Is School Settlement Home Attendant Service Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, School Settlement Home Attendant Service Corp (EIN: 112578076) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does School Settlement Home Attendant Service Corp spend its money?
School Settlement Home Attendant Service Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to School Settlement Home Attendant Service Corp tax-deductible?
School Settlement Home Attendant Service Corp is registered as a tax-exempt nonprofit (EIN: 112578076). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of School Settlement Home Attendant Service Corp's spending goes to programs?
School Settlement Home Attendant Service Corp directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does School Settlement Home Attendant Service Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), School Settlement Home Attendant Service Corp is above average for NTEE category P44Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is School Settlement Home Attendant Service Corp located?
School Settlement Home Attendant Service Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 112578076. It is classified under NTEE code P44Z.
How many years of IRS 990 filings does School Settlement Home Attendant Service Corp have?
School Settlement Home Attendant Service Corp 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 $13.2M in total revenue.
Is School Settlement Home Attendant Service Corp a good charity?
Based on the available data, the organization appears to be a good charity in terms of financial efficiency and transparency, particularly given its consistent reporting of 0% officer compensation and its operational surpluses. However, the significant decline in revenue over the past decade warrants further investigation into its long-term sustainability and impact.
Why has the organization's revenue decreased so significantly?
The IRS 990 data alone does not provide the specific reasons for the revenue decline from $27,926,810 in 2014 to $15,326,288 in 2023. This could be due to changes in funding sources, reduced demand for services, or shifts in government contracts, which would require reviewing the organization's program reports or financial statements beyond the 990 summary.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership may be entirely volunteer-based, compensated through a related entity, or that the compensation is categorized differently within the 990, such as under general salaries if officers are also employees. This is a notable aspect of its financial structure.
What caused the large fluctuation in assets and liabilities between 2022 and 2023?
Assets decreased from $30,789,727 in 2022 to $11,567,760 in 2023, while liabilities also saw changes. This significant shift could be due to major asset sales, debt repayment, or changes in investment strategies. A detailed balance sheet would be needed to understand the specific transactions.
Filing History
IRS 990 filing history for School Settlement Home Attendant Service Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), School Settlement Home Attendant Service Corp's revenue has declined by 45.2%, moving from $28.0M to $15.3M. Total assets increased by 31.9% over the same period, from $8.8M to $11.6M. Total functional expenses fell by 44%, from $27.3M to $15.3M. In its most recent filing year (2023), School Settlement Home Attendant Service Corp reported a surplus of $41K, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $11.6M in assets (debt-to-asset ratio: 37.5%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.3M | $15.3M | $11.6M | $4.3M | — | — |
| 2022 | $15.5M | $15.3M | $30.8M | $17.5M | — | View 990 |
| 2021 | $18.7M | $17.8M | $29.1M | $16.7M | — | — |
| 2020 | $21.3M | $20.2M | $26.1M | $14.5M | — | — |
| 2019 | $22.3M | $21.6M | $12.2M | $1.4M | — | View 990 |
| 2018 | $24.9M | $22.4M | $23.8M | $13.0M | — | View 990 |
| 2017 | $24.5M | $22.2M | $11.2M | $2.4M | — | View 990 |
| 2016 | $24.0M | $21.9M | $10.5M | $2.2M | — | View 990 |
| 2015 | $25.1M | $25.2M | $10.7M | $5.1M | — | View 990 |
| 2014 | $27.9M | $24.3M | $15.6M | $7.2M | — | View 990 |
| 2013 | $28.2M | $27.2M | $9.3M | $5.2M | — | View 990 |
| 2012 | $30.1M | $29.5M | $7.5M | $3.8M | — | View 990 |
| 2011 | $28.0M | $27.3M | $8.8M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.3M, expenses of $15.3M, and assets of $11.6M (revenue -1.0% year-over-year).
- 2022: Revenue of $15.5M, expenses of $15.3M, and assets of $30.8M (revenue -17.4% year-over-year).
- 2021: Revenue of $18.7M, expenses of $17.8M, and assets of $29.1M (revenue -11.8% year-over-year).
- 2020: Revenue of $21.3M, expenses of $20.2M, and assets of $26.1M (revenue -4.8% year-over-year).
- 2019: Revenue of $22.3M, expenses of $21.6M, and assets of $12.2M (revenue -10.3% year-over-year).
- 2018: Revenue of $24.9M, expenses of $22.4M, and assets of $23.8M (revenue +1.6% year-over-year).
- 2017: Revenue of $24.5M, expenses of $22.2M, and assets of $11.2M (revenue +2.2% year-over-year).
- 2016: Revenue of $24.0M, expenses of $21.9M, and assets of $10.5M (revenue -4.5% year-over-year).
- 2015: Revenue of $25.1M, expenses of $25.2M, and assets of $10.7M (revenue -10.1% year-over-year).
- 2014: Revenue of $27.9M, expenses of $24.3M, and assets of $15.6M (revenue -1.1% year-over-year).
- 2013: Revenue of $28.2M, expenses of $27.2M, and assets of $9.3M (revenue -6.3% year-over-year).
- 2012: Revenue of $30.1M, expenses of $29.5M, and assets of $7.5M (revenue +7.6% year-over-year).
- 2011: Revenue of $28.0M, expenses of $27.3M, and assets of $8.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for School Settlement Home Attendant Service Corp:
Data Sources and Methodology
This transparency report for School Settlement Home Attendant Service Corp 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.