Senior Service Centers Of The Albany Area Inc
Senior Service Centers Of The Albany Area Inc consistently manages expenses near revenue with no reported officer compensation.
EIN: 141392442 · Albany, NY · NTEE: P81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $559K |
| Transparency Score | 92/100 |
Is Senior Service Centers Of The Albany Area Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior Service Centers Of The Albany Area Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior Service Centers Of The Albany Area Inc
Senior Service Centers Of The Albany Area Inc (EIN: 141392442) is a nonprofit organization based in Albany, NY, classified under NTEE code P81Z. The organization reported total revenue of $2.4M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Service Centers Of The Albany Area Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior Service Centers Of The Albany Area Inc is a mid-size nonprofit that has been operating for 51 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-63,891 |
| Total Assets | $862K |
| Total Liabilities | $303K |
| Net Assets | $559K |
| Operating Margin | -3.6% |
| Debt-to-Asset Ratio | 35.1% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2023, Senior Service Centers Of The Albany Area Inc reported a deficit of $64K with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 35.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Senior Service Centers Of The Albany Area Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.0% | -8.3% | -22.8% |
| 2022 | -8.3% | -1.9% | +6.1% |
| 2021 | -25.5% | -11.5% | +11.6% |
| 2020 | -1.4% | -15.3% | +38.1% |
| 2019 | +7.1% | +5.5% | +9.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Senior Service Centers Of The Albany Area Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Senior Service Centers Of The Albany Area Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive salaries are either very low, non-existent, or categorized differently, which is a strong positive for resource allocation.
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 Senior Service Centers Of The Albany Area Inc's IRS 990 filings:
- Recent decline in revenue from a peak of $2,824,496 in 2019 to $1,751,489 in 2023.
- Minor operating deficits in some years (e.g., 2023 expenses exceeded revenue by $63,891).
Strengths
The following positive indicators were identified for Senior Service Centers Of The Albany Area Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in leadership costs.
- Assets consistently exceed liabilities, demonstrating a strong financial position (e.g., 2023 assets $862,235 vs. liabilities $303,024).
- Long history of IRS 990 filings (13 filings), suggesting transparency and consistent operation.
- Expenses generally managed in line with revenue over the long term.
Frequently Asked Questions about Senior Service Centers Of The Albany Area Inc
Is Senior Service Centers Of The Albany Area Inc a legitimate charity?
Senior Service Centers Of The Albany Area Inc (EIN: 141392442) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Senior Service Centers Of The Albany Area Inc spend its money?
Senior Service Centers Of The Albany Area Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Senior Service Centers Of The Albany Area Inc tax-deductible?
Senior Service Centers Of The Albany Area Inc is registered as a tax-exempt nonprofit (EIN: 141392442). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Senior Service Centers Of The Albany Area Inc's spending goes to programs?
Senior Service Centers Of The Albany Area Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Senior Service Centers Of The Albany Area Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Senior Service Centers Of The Albany Area Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Senior Service Centers Of The Albany Area Inc located?
Senior Service Centers Of The Albany Area Inc is headquartered in Albany, New York and files with the IRS under EIN 141392442. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Senior Service Centers Of The Albany Area Inc have?
Senior Service Centers Of The Albany Area 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 $2.4M in total revenue.
Is Senior Service Centers Of The Albany Area Inc financially stable?
Yes, the organization appears financially stable. While there are minor deficits in some years (e.g., 2023 expenses of $1,815,380 exceeded revenue of $1,751,489), its assets consistently outweigh liabilities (e.g., 2023 assets of $862,235 vs. liabilities of $303,024), indicating a healthy balance sheet.
How does the organization's revenue trend over time?
Revenue has fluctuated, peaking at $2,824,496 in 2019 and showing a recent decline to $1,751,489 in 2023. Despite these fluctuations, the organization has generally managed to keep expenses in line with incoming funds.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in its IRS 990 filings, which is highly unusual and suggests a very efficient use of funds, or that compensation is structured in a way not captured by this specific line item.
Filing History
IRS 990 filing history for Senior Service Centers Of The Albany Area Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Senior Service Centers Of The Albany Area Inc's revenue has declined by 41.6%, moving from $3.0M to $1.8M. Total assets increased by 12.1% over the same period, from $769K to $862K. Total functional expenses fell by 40.9%, from $3.1M to $1.8M. In its most recent filing year (2023), Senior Service Centers Of The Albany Area Inc reported a deficit of $64K, with expenses exceeding revenue. The organization holds $303K in liabilities against $862K in assets (debt-to-asset ratio: 35.1%), resulting in net assets of $559K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.8M | $862K | $303K | — | — |
| 2022 | $1.9M | $2.0M | $1.1M | $493K | — | View 990 |
| 2021 | $2.1M | $2.0M | $1.1M | $351K | — | View 990 |
| 2020 | $2.8M | $2.3M | $942K | $298K | — | View 990 |
| 2019 | $2.8M | $2.7M | $682K | $543K | — | View 990 |
| 2018 | $2.6M | $2.6M | $622K | $614K | — | View 990 |
| 2017 | $2.2M | $2.3M | $581K | $656K | — | View 990 |
| 2016 | $2.2M | $2.2M | $562K | $593K | — | View 990 |
| 2015 | $2.1M | $2.1M | $616K | $651K | — | View 990 |
| 2014 | $2.2M | $2.1M | $534K | $581K | — | View 990 |
| 2013 | $2.2M | $2.4M | $508K | $634K | — | View 990 |
| 2012 | $2.9M | $3.0M | $715K | $634K | — | View 990 |
| 2011 | $3.0M | $3.1M | $769K | $817K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.8M, and assets of $862K (revenue -8.0% year-over-year).
- 2022: Revenue of $1.9M, expenses of $2.0M, and assets of $1.1M (revenue -8.3% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $1.1M (revenue -25.5% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.3M, and assets of $942K (revenue -1.4% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.7M, and assets of $682K (revenue +7.1% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $622K (revenue +17.8% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.3M, and assets of $581K (revenue +3.8% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $562K (revenue +2.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $616K (revenue -3.2% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.1M, and assets of $534K (revenue -0.4% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.4M, and assets of $508K (revenue -25.4% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.0M, and assets of $715K (revenue -2.2% year-over-year).
- 2011: Revenue of $3.0M, expenses of $3.1M, and assets of $769K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Service Centers Of The Albany Area Inc:
Data Sources and Methodology
This transparency report for Senior Service Centers Of The Albany Area 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.