St Patricks Home For The Aged And Infirm
St Patricks Home For The Aged And Infirm consistently operates at a deficit, with declining assets and increasing liabilities over the past decade.
EIN: 131740033 · Bronx, NY · NTEE: E910 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.8M |
| Total Expenses | $37.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $25 |
| Net Assets | $-13,465,528 |
| Transparency Score | 65/100 |
Is St Patricks Home For The Aged And Infirm Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
St Patricks Home For The Aged And Infirm directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Patricks Home For The Aged And Infirm
St Patricks Home For The Aged And Infirm (EIN: 131740033) is a nonprofit organization based in Bronx, NY, classified under NTEE code E910. The organization reported total revenue of $40.8M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Patricks Home For The Aged And Infirm's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Patricks Home For The Aged And Infirm is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.1M |
| Total Expenses | $37.2M |
| Surplus / Deficit | $-2,166,305 |
| Total Assets | $20.2M |
| Total Liabilities | $33.7M |
| Net Assets | $-13,465,528 |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 166.6% |
| Months of Reserves | 6.5 months |
Financial Health Grade: C
In 2023, St Patricks Home For The Aged And Infirm reported a deficit of $2.2M with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 166.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Patricks Home For The Aged And Infirm's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.1% | +16.6% | +33.2% |
| 2022 | -0.2% | +3.0% | +3.4% |
| 2021 | +9.6% | -3.6% | -25.8% |
| 2020 | -18.6% | +0.2% | -9.6% |
| 2019 | +0.4% | +1.4% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 St Patricks Home For The Aged And Infirm with a Mission Score of 65 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, St Patricks Home For The Aged And Infirm allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 166.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is highly unusual for an organization of this size with annual revenues exceeding $25 million. This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further clarification.
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 St Patricks Home For The Aged And Infirm's IRS 990 filings:
- Consistent operational deficits over the past decade (e.g., $2.1M deficit in 2023).
- Declining trend in total assets (from $31.0M in 2015 to $20.2M in 2023).
- Significant and increasing liabilities (from $10.9M in 2014 to $33.6M in 2023).
- High liabilities relative to assets ($33.6M liabilities vs. $20.2M assets in 2023).
Strengths
The following positive indicators were identified for St Patricks Home For The Aged And Infirm:
- Consistent reporting of 0% officer compensation, suggesting a focus on mission over executive pay.
- Operates in a critical service area (nursing and convalescent homes - NTEE E910).
Frequently Asked Questions about St Patricks Home For The Aged And Infirm
Is St Patricks Home For The Aged And Infirm a legitimate charity?
Based on AI analysis of IRS 990 filings, St Patricks Home For The Aged And Infirm (EIN: 131740033) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does St Patricks Home For The Aged And Infirm spend its money?
St Patricks Home For The Aged And Infirm directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Patricks Home For The Aged And Infirm tax-deductible?
St Patricks Home For The Aged And Infirm is registered as a tax-exempt nonprofit (EIN: 131740033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the St Patricks Home For The Aged And Infirm CEO make?
St Patricks Home For The Aged And Infirm's highest-compensated officer earns $25 annually. The organization reported $40.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of St Patricks Home For The Aged And Infirm's spending goes to programs?
St Patricks Home For The Aged And Infirm directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does St Patricks Home For The Aged And Infirm compare to similar nonprofits?
With a transparency score of 65/100 (Good), St Patricks Home For The Aged And Infirm is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is St Patricks Home For The Aged And Infirm located?
St Patricks Home For The Aged And Infirm is headquartered in Bronx, New York and files with the IRS under EIN 131740033. It is classified under NTEE code E910.
How many years of IRS 990 filings does St Patricks Home For The Aged And Infirm have?
St Patricks Home For The Aged And Infirm 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 $40.8M in total revenue.
Is St Patricks Home For The Aged And Infirm financially sustainable given its consistent operational deficits?
The organization has consistently reported expenses exceeding revenue for the past decade, leading to operational deficits. For example, in 2023, expenses were $37.2M against $35.0M in revenue. This trend, coupled with declining assets and increasing liabilities, raises concerns about long-term financial sustainability.
What is the nature of the significant increase in liabilities, particularly in 2023?
Liabilities increased from $26.4M in 2022 to $33.6M in 2023. The specific reasons for this substantial increase are not detailed in the provided summary and would require a deeper dive into the full IRS 990 forms to understand the nature of these obligations.
How does the organization cover its operational deficits?
Given the consistent operational deficits and declining assets, the organization appears to be covering shortfalls by either drawing down existing assets or incurring new liabilities. The increase in liabilities suggests a reliance on borrowing or deferred payments.
Is the 0% officer compensation truly reflective of no executive pay?
While the filings state 0% officer compensation, it is highly unusual for an organization with over $25 million in annual revenue to have no compensated officers. This could indicate a volunteer leadership, or that executive compensation is reported under other expense categories, which would impact transparency.
Filing History
IRS 990 filing history for St Patricks Home For The Aged And Infirm showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Patricks Home For The Aged And Infirm's revenue has grown by 25.5%, moving from $27.9M to $35.1M. Total assets decreased by 56.4% over the same period, from $46.3M to $20.2M. Total functional expenses rose by 26.5%, from $29.4M to $37.2M. In its most recent filing year (2023), St Patricks Home For The Aged And Infirm reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $33.7M in liabilities against $20.2M in assets (debt-to-asset ratio: 166.6%), resulting in net assets of $-13,465,528.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.1M | $37.2M | $20.2M | $33.7M | — | — |
| 2022 | $26.8M | $31.9M | $15.2M | $26.5M | — | View 990 |
| 2021 | $26.8M | $31.0M | $14.7M | $20.7M | — | View 990 |
| 2020 | $24.5M | $32.2M | $19.8M | $21.7M | — | View 990 |
| 2019 | $30.0M | $32.1M | $21.9M | $16.2M | — | View 990 |
| 2018 | $29.9M | $31.7M | $22.7M | $15.1M | — | View 990 |
| 2017 | $28.6M | $30.1M | $24.0M | $14.7M | — | View 990 |
| 2016 | $26.5M | $30.8M | $26.1M | $15.0M | — | View 990 |
| 2015 | $29.3M | $32.2M | $31.0M | $15.6M | — | View 990 |
| 2014 | $26.7M | $29.7M | $30.2M | $11.0M | — | View 990 |
| 2013 | $26.3M | $29.6M | $37.1M | $15.0M | — | View 990 |
| 2012 | $26.8M | $30.0M | $41.4M | $17.9M | — | View 990 |
| 2011 | $27.9M | $29.4M | $46.3M | $20.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.1M, expenses of $37.2M, and assets of $20.2M (revenue +31.1% year-over-year).
- 2022: Revenue of $26.8M, expenses of $31.9M, and assets of $15.2M (revenue -0.2% year-over-year).
- 2021: Revenue of $26.8M, expenses of $31.0M, and assets of $14.7M (revenue +9.6% year-over-year).
- 2020: Revenue of $24.5M, expenses of $32.2M, and assets of $19.8M (revenue -18.6% year-over-year).
- 2019: Revenue of $30.0M, expenses of $32.1M, and assets of $21.9M (revenue +0.4% year-over-year).
- 2018: Revenue of $29.9M, expenses of $31.7M, and assets of $22.7M (revenue +4.8% year-over-year).
- 2017: Revenue of $28.6M, expenses of $30.1M, and assets of $24.0M (revenue +7.6% year-over-year).
- 2016: Revenue of $26.5M, expenses of $30.8M, and assets of $26.1M (revenue -9.4% year-over-year).
- 2015: Revenue of $29.3M, expenses of $32.2M, and assets of $31.0M (revenue +9.5% year-over-year).
- 2014: Revenue of $26.7M, expenses of $29.7M, and assets of $30.2M (revenue +1.6% year-over-year).
- 2013: Revenue of $26.3M, expenses of $29.6M, and assets of $37.1M (revenue -1.9% year-over-year).
- 2012: Revenue of $26.8M, expenses of $30.0M, and assets of $41.4M (revenue -4.0% year-over-year).
- 2011: Revenue of $27.9M, expenses of $29.4M, and assets of $46.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Patricks Home For The Aged And Infirm:
Data Sources and Methodology
This transparency report for St Patricks Home For The Aged And Infirm 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.