Self Initiated Living Options Inc

Self Initiated Living Options Inc shows consistent growth and no reported officer compensation, but high liabilities relative to assets.

EIN: 112721260 · Medford, NY · Updated: 2026-03-28

$4.8MRevenue

$5.8MAssets

85/100Mission Score (Excellent)

About Self Initiated Living Options Inc

Self Initiated Living Options Inc (EIN: 112721260) is a nonprofit organization based in Medford, NY. The organization reported total revenue of $4.8M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Self Initiated Living Options Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Self Initiated Living Options Inc (SILO) demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding operation. In the latest filing (202309), the organization reported revenues of $4,641,682 against expenses of $4,681,869, showing a slight deficit for the period, which is not uncommon for growing nonprofits. However, its assets have significantly increased from $412,092 in 2014 to $5,713,065 in 2023, suggesting strong financial management and accumulation of resources. The organization's liabilities have also grown in proportion to its assets, with $5,479,372 in liabilities against $5,713,065 in assets in 2023, indicating a high reliance on debt or deferred revenue, which warrants closer examination.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries. This is a positive indicator for donor confidence and operational efficiency. The organization's ability to manage expenses closely to revenue, as seen in most years where expenses are slightly below or very close to revenue, suggests prudent financial control.

Transparency is generally good given the consistent filing of IRS Form 990s. The absence of officer compensation is a notable point of transparency. However, the lack of detailed expense categories in the provided data limits a full assessment of how efficiently funds are allocated across programs, administration, and fundraising. Further detail on these breakdowns would enhance transparency and allow for a more granular analysis of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Self Initiated Living Options Inc 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Self Initiated Living Options Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Self Initiated Living Options Inc consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests either a volunteer-led executive team or compensation is categorized differently.

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 Self Initiated Living Options Inc's IRS 990 filings:

High liabilities relative to assets in recent filings (e.g., $5,479,372 liabilities vs. $5,713,065 assets in 2023)
Consistent 0% officer compensation, which is unusual for an organization of this size and warrants further inquiry into executive compensation structure.

Strengths

The following positive indicators were identified for Self Initiated Living Options Inc:

Consistent and significant revenue growth over the past decade, from $1.2M in 2014 to $4.6M in 2023.
Substantial asset growth, from $412,092 in 2014 to $5,713,065 in 2023, indicating increasing financial capacity.
No reported officer compensation across all available filings, suggesting a strong commitment to directing funds to mission.
Expenses generally kept close to revenue, indicating prudent financial management.

Frequently Asked Questions about Self Initiated Living Options Inc

Is Self Initiated Living Options Inc a good charity?

Based on the available data, SILO appears to be a financially stable and growing organization with a strong commitment to its mission, evidenced by consistent revenue growth and no reported officer compensation. However, the high liabilities relative to assets in recent years warrant further investigation.

How has the organization's financial health changed over time?

SILO has experienced significant financial growth, with revenue increasing from $1,269,561 in 2014 to $4,641,682 in 2023, and assets growing from $412,092 to $5,713,065 over the same period. This indicates a strong upward trend in its financial capacity.

What is the significance of 0% officer compensation?

The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and suggests that executive leadership may be entirely volunteer-based or compensated through other means not reported as 'officer compensation' on the 990. This could be a strength in terms of directing funds to programs, but also raises questions about sustainability and leadership structure.

Why are the liabilities so high in recent years?

In 2023, liabilities were $5,479,372 against assets of $5,713,065. This high ratio of liabilities to assets could indicate significant debt, deferred revenue, or other financial obligations. A deeper dive into the balance sheet would be needed to understand the nature of these liabilities and their impact on the organization's long-term financial health.

Filing History

IRS 990 filing history for Self Initiated Living Options Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Self Initiated Living Options Inc's revenue has grown by 170%, moving from $1.7M to $4.6M. Total assets increased by 663.4% over the same period, from $748K to $5.7M. Total functional expenses rose by 203.6%, from $1.5M to $4.7M. In its most recent filing year (2023), Self Initiated Living Options Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $5.5M in liabilities against $5.7M in assets (debt-to-asset ratio: 95.9%), resulting in net assets of $234K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$4.6M	$4.7M	$5.7M	$5.5M	—	—
2022	$4.4M	$4.3M	$1.5M	$1.2M	—	—
2021	$3.8M	$3.7M	$1.9M	$1.6M	—	View 990
2020	$3.7M	$3.6M	$1.8M	$1.6M	—	View 990
2019	$3.1M	$3.1M	$1.4M	$1.2M	—	View 990
2018	$2.7M	$2.7M	$747K	$578K	—	View 990
2017	$2.3M	$2.3M	$916K	$756K	—	View 990
2016	$1.5M	$1.5M	$708K	$609K	—	View 990
2015	$1.6M	$1.6M	$473K	$418K	—	View 990
2014	$1.3M	$1.4M	$412K	$370K	—	View 990
2013	$1.2M	$1.5M	$284K	$145K	—	View 990
2012	$1.4M	$1.5M	$597K	$227K	—	View 990
2011	$1.7M	$1.5M	$748K	$236K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $4.6M, expenses of $4.7M, and assets of $5.7M (revenue +6.3% year-over-year).
2022: Revenue of $4.4M, expenses of $4.3M, and assets of $1.5M (revenue +16.0% year-over-year).
2021: Revenue of $3.8M, expenses of $3.7M, and assets of $1.9M (revenue +1.9% year-over-year).
2020: Revenue of $3.7M, expenses of $3.6M, and assets of $1.8M (revenue +17.6% year-over-year).
2019: Revenue of $3.1M, expenses of $3.1M, and assets of $1.4M (revenue +17.4% year-over-year).
2018: Revenue of $2.7M, expenses of $2.7M, and assets of $747K (revenue +14.4% year-over-year).
2017: Revenue of $2.3M, expenses of $2.3M, and assets of $916K (revenue +56.2% year-over-year).
2016: Revenue of $1.5M, expenses of $1.5M, and assets of $708K (revenue -6.2% year-over-year).
2015: Revenue of $1.6M, expenses of $1.6M, and assets of $473K (revenue +25.7% year-over-year).
2014: Revenue of $1.3M, expenses of $1.4M, and assets of $412K (revenue +2.3% year-over-year).
2013: Revenue of $1.2M, expenses of $1.5M, and assets of $284K (revenue -10.5% year-over-year).
2012: Revenue of $1.4M, expenses of $1.5M, and assets of $597K (revenue -19.3% year-over-year).
2011: Revenue of $1.7M, expenses of $1.5M, and assets of $748K.

Data Sources and Methodology

This transparency report for Self Initiated Living Options 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.