Station Creek Retirement Community Inc
Station Creek Retirement Community Inc. consistently operates at a deficit with declining assets and high liabilities.
EIN: 200771871 · Grand Rapids, MI · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $320K |
| Total Expenses | $390K |
| Program Spending | 80% |
| Net Assets | $-1,273,855 |
| Transparency Score | 45/100 |
Is Station Creek Retirement Community Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Station Creek Retirement Community Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Station Creek Retirement Community Inc
Station Creek Retirement Community Inc (EIN: 200771871) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code L22. The organization reported total revenue of $320K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Station Creek Retirement Community Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Station Creek Retirement Community Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $390K |
| Surplus / Deficit | $-68,902 |
| Total Assets | $2.3M |
| Total Liabilities | $3.6M |
| Net Assets | $-1,273,855 |
| Operating Margin | -21.5% |
| Debt-to-Asset Ratio | 155.0% |
| Months of Reserves | 71.3 months |
Financial Health Grade: C
In 2023, Station Creek Retirement Community Inc reported a deficit of $69K with expenses exceeding revenue, holds 71.3 months of operating reserves (strong position), has a debt-to-asset ratio of 155.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Station Creek Retirement Community Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | -1.6% | -3.0% |
| 2022 | +4.7% | +10.6% | -3.8% |
| 2021 | -8.5% | -7.3% | -2.2% |
| 2020 | +0.3% | -4.8% | -2.8% |
| 2019 | +0.4% | +3.9% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Station Creek Retirement Community Inc with a Mission Score of 45 out of 100 (Fair). 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, Station Creek Retirement Community 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $69K, with expenses exceeding revenue.
- Debt-to-asset ratio: 155.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led executive team or that executive functions are covered by other operational expenses not categorized as direct compensation.
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 Station Creek Retirement Community Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $68,902 in 2023)
- Declining asset base over the past decade (from $3M in 2014 to $2.3M in 2023)
- High liabilities relative to assets (e.g., $3.59M liabilities vs. $2.32M assets in 2023)
- Expenses consistently exceed revenue
Strengths
The following positive indicators were identified for Station Creek Retirement Community Inc:
- Consistent revenue generation over the past decade (around $300,000 annually)
- No reported officer compensation, suggesting efficient use of funds at the executive level
Frequently Asked Questions about Station Creek Retirement Community Inc
Is Station Creek Retirement Community Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Station Creek Retirement Community Inc (EIN: 200771871) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Station Creek Retirement Community Inc spend its money?
Station Creek Retirement Community Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Station Creek Retirement Community Inc tax-deductible?
Station Creek Retirement Community Inc is registered as a tax-exempt nonprofit (EIN: 200771871). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Station Creek Retirement Community Inc's spending goes to programs?
Station Creek Retirement Community Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Station Creek Retirement Community Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Station Creek Retirement Community Inc is near average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Station Creek Retirement Community Inc located?
Station Creek Retirement Community Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 200771871. It is classified under NTEE code L22.
How many years of IRS 990 filings does Station Creek Retirement Community Inc have?
Station Creek Retirement Community 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 $320K in total revenue.
How does Station Creek Retirement Community Inc. cover its consistent operational deficits?
The consistent deficits, such as the $68,902 deficit in 2023 ($320,896 revenue vs. $389,798 expenses), suggest the organization is either drawing down on its assets or relying on other non-operating income sources not detailed in the provided summary to cover its expenses.
What is the long-term plan for addressing the declining asset base?
The organization's assets have decreased from $3,049,329 in 2014 to $2,317,217 in 2023. This consistent decline, coupled with high liabilities, indicates a potential long-term financial sustainability challenge that needs a clear strategy.
What are the primary components of the organization's expenses if not executive compensation?
With 0% officer compensation reported, a deeper dive into the expense breakdown (e.g., program services, administrative, and fundraising costs) would be necessary to understand where the significant operational expenses, consistently exceeding $350,000 annually, are being allocated.
Filing History
IRS 990 filing history for Station Creek Retirement Community Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Station Creek Retirement Community Inc's revenue has grown by 20%, moving from $267K to $321K. Total assets decreased by 27.6% over the same period, from $3.2M to $2.3M. Total functional expenses rose by 20.6%, from $323K to $390K. In its most recent filing year (2023), Station Creek Retirement Community Inc reported a deficit of $69K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $2.3M in assets (debt-to-asset ratio: 155.0%), resulting in net assets of $-1,273,855.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $321K | $390K | $2.3M | $3.6M | — | View 990 |
| 2022 | $309K | $396K | $2.4M | $3.6M | — | View 990 |
| 2021 | $295K | $358K | $2.5M | $3.6M | — | View 990 |
| 2020 | $322K | $386K | $2.5M | $3.6M | — | View 990 |
| 2019 | $321K | $406K | $2.6M | $3.6M | — | View 990 |
| 2018 | $320K | $391K | $2.7M | $3.6M | — | View 990 |
| 2017 | $303K | $412K | $2.8M | $3.6M | — | View 990 |
| 2016 | $291K | $395K | $2.8M | $3.6M | — | View 990 |
| 2015 | $301K | $393K | $2.9M | $3.6M | — | View 990 |
| 2014 | $296K | $365K | $3.0M | $3.6M | — | View 990 |
| 2013 | $298K | $349K | $3.1M | $3.6M | — | View 990 |
| 2012 | $272K | $332K | $3.1M | $3.6M | — | View 990 |
| 2011 | $267K | $323K | $3.2M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $321K, expenses of $390K, and assets of $2.3M (revenue +4.0% year-over-year).
- 2022: Revenue of $309K, expenses of $396K, and assets of $2.4M (revenue +4.7% year-over-year).
- 2021: Revenue of $295K, expenses of $358K, and assets of $2.5M (revenue -8.5% year-over-year).
- 2020: Revenue of $322K, expenses of $386K, and assets of $2.5M (revenue +0.3% year-over-year).
- 2019: Revenue of $321K, expenses of $406K, and assets of $2.6M (revenue +0.4% year-over-year).
- 2018: Revenue of $320K, expenses of $391K, and assets of $2.7M (revenue +5.5% year-over-year).
- 2017: Revenue of $303K, expenses of $412K, and assets of $2.8M (revenue +4.1% year-over-year).
- 2016: Revenue of $291K, expenses of $395K, and assets of $2.8M (revenue -3.2% year-over-year).
- 2015: Revenue of $301K, expenses of $393K, and assets of $2.9M (revenue +1.6% year-over-year).
- 2014: Revenue of $296K, expenses of $365K, and assets of $3.0M (revenue -0.4% year-over-year).
- 2013: Revenue of $298K, expenses of $349K, and assets of $3.1M (revenue +9.2% year-over-year).
- 2012: Revenue of $272K, expenses of $332K, and assets of $3.1M (revenue +1.8% year-over-year).
- 2011: Revenue of $267K, expenses of $323K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Station Creek Retirement Community Inc:
Data Sources and Methodology
This transparency report for Station Creek Retirement Community 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.