Spaulding Pray Residence Corp
Spaulding Pray Residence Corp consistently operates near break-even with growing assets and liabilities, and no reported officer compensation.
EIN: 161196869 · Syracuse, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $4.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $1.6M |
| Transparency Score | 70/100 |
Is Spaulding Pray Residence Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spaulding Pray Residence Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spaulding Pray Residence Corp
Spaulding Pray Residence Corp (EIN: 161196869) is a nonprofit organization based in Syracuse, NY. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spaulding Pray Residence Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spaulding Pray Residence Corp is a mid-size nonprofit, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-248,085 |
| Total Assets | $3.1M |
| Total Liabilities | $1.4M |
| Net Assets | $1.6M |
| Operating Margin | -5.3% |
| Debt-to-Asset Ratio | 47.0% |
| Months of Reserves | 7.5 months |
Financial Health Grade: B
In 2017, Spaulding Pray Residence Corp reported a deficit of $248K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.0% (moderate leverage).
Financial Trends
Over 7 years of filings (2011–2017), Spaulding Pray Residence Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +3.5% | +12.1% | +20.2% |
| 2016 | +4.3% | +3.7% | +3.6% |
| 2015 | +5.5% | +4.8% | +7.4% |
| 2014 | +4.7% | +4.1% | +1.9% |
| 2013 | -7.7% | -6.2% | +1.7% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Spaulding Pray Residence Corp with a Mission Score of 70 out of 100 (Good). 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, Spaulding Pray Residence Corp 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 (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $248K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.0%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings (2011-2017), which is unusual for an organization with annual expenses exceeding $4 million. This could indicate a volunteer executive team or that compensation is categorized differently, impacting the clarity of leadership costs.
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 Spaulding Pray Residence Corp's IRS 990 filings:
- Latest filing shows $0 revenue and assets, indicating a potential cessation of operations or significant change.
- Consistent operation with very thin margins or deficits (e.g., 2017: $4,652,655 revenue vs. $4,900,740 expenses).
- No reported officer compensation despite multi-million dollar operations, potentially obscuring true administrative costs.
Strengths
The following positive indicators were identified for Spaulding Pray Residence Corp:
- Consistent revenue generation exceeding $4 million annually for several years (2011-2017).
- Steady growth in assets from $2.1 million in 2011 to $3 million in 2017.
- Appears to maintain operational stability over a long period, despite thin margins.
Frequently Asked Questions about Spaulding Pray Residence Corp
Is Spaulding Pray Residence Corp a legitimate charity?
Spaulding Pray Residence Corp (EIN: 161196869) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 7 years of IRS 990 filings on record. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Spaulding Pray Residence Corp spend its money?
Spaulding Pray Residence Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Spaulding Pray Residence Corp tax-deductible?
Spaulding Pray Residence Corp is registered as a tax-exempt nonprofit (EIN: 161196869). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spaulding Pray Residence Corp CEO make?
Spaulding Pray Residence Corp's highest-compensated officer earns $4 annually. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spaulding Pray Residence Corp's spending goes to programs?
Spaulding Pray Residence Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Spaulding Pray Residence Corp located?
Spaulding Pray Residence Corp is headquartered in Syracuse, New York and files with the IRS under EIN 161196869.
How many years of IRS 990 filings does Spaulding Pray Residence Corp have?
Spaulding Pray Residence Corp has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Why is the latest reported revenue and assets $0?
The latest filing (most recent period) shows $0 for both revenue and assets, which is a stark contrast to previous years where revenue consistently exceeded $4 million. This requires further investigation to understand if the organization has ceased operations, merged, or if there's a reporting anomaly.
How does Spaulding Pray Residence Corp manage to operate without reporting officer compensation?
The consistent reporting of 0% officer compensation across all filings (2011-2017) for an organization with multi-million dollar expenses is uncommon. It suggests either a fully volunteer executive leadership or that executive compensation is embedded within other expense categories, which could obscure true administrative costs.
What is the nature of the significant increase in liabilities from $746,551 in 2011 to $1,434,315 in 2017?
The near doubling of liabilities over a six-year period, alongside asset growth, warrants examination to understand if these are program-related debts, capital expenditures, or other financial obligations that could impact long-term stability.
Filing History
IRS 990 filing history for Spaulding Pray Residence Corp showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Spaulding Pray Residence Corp's revenue has grown by 14.4%, moving from $4.1M to $4.7M. Total assets increased by 42.2% over the same period, from $2.1M to $3.1M. Total functional expenses rose by 21.2%, from $4.0M to $4.9M. In its most recent filing year (2017), Spaulding Pray Residence Corp reported a deficit of $248K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $3.1M in assets (debt-to-asset ratio: 47.0%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $4.7M | $4.9M | $3.1M | $1.4M | — | View 990 |
| 2016 | $4.5M | $4.4M | $2.5M | $683K | — | View 990 |
| 2015 | $4.3M | $4.2M | $2.4M | $736K | — | View 990 |
| 2014 | $4.1M | $4.0M | $2.3M | $663K | — | View 990 |
| 2013 | $3.9M | $3.9M | $2.2M | $684K | — | View 990 |
| 2012 | $4.2M | $4.1M | $2.2M | $689K | — | View 990 |
| 2011 | $4.1M | $4.0M | $2.1M | $747K | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $4.7M, expenses of $4.9M, and assets of $3.1M (revenue +3.5% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.4M, and assets of $2.5M (revenue +4.3% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.2M, and assets of $2.4M (revenue +5.5% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.0M, and assets of $2.3M (revenue +4.7% year-over-year).
- 2013: Revenue of $3.9M, expenses of $3.9M, and assets of $2.2M (revenue -7.7% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.1M, and assets of $2.2M (revenue +4.0% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.0M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spaulding Pray Residence Corp:
Data Sources and Methodology
This transparency report for Spaulding Pray Residence 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.