Stoneridge Retirement Living Communities Inc
Stoneridge Retirement Living Communities Inc shows consistent revenue growth and no reported officer compensation over a decade.
EIN: 208424515 · Myerstown, PA · NTEE: P111 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $5.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.4M |
| Transparency Score | 92/100 |
Is Stoneridge Retirement Living Communities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Stoneridge Retirement Living Communities Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Stoneridge Retirement Living Communities Inc
Stoneridge Retirement Living Communities Inc (EIN: 208424515) is a nonprofit organization based in Myerstown, PA, classified under NTEE code P111. The organization reported total revenue of $4.1M and total assets of $5.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stoneridge Retirement Living Communities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Stoneridge Retirement Living Communities Inc is a mid-size nonprofit that has been operating for 12 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 10.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $5.2M |
| Surplus / Deficit | +$489K |
| Total Assets | $5.4M |
| Total Liabilities | $1.0M |
| Net Assets | $4.4M |
| Operating Margin | 8.7% |
| Debt-to-Asset Ratio | 19.3% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Stoneridge Retirement Living Communities Inc reported a surplus of $489K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 19.3% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Stoneridge Retirement Living Communities Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.3% | +19.8% | +8.2% |
| 2022 | -6.5% | -12.3% | +15.4% |
| 2021 | +19.8% | +18.2% | +18.1% |
| 2020 | +6.3% | +5.5% | +48.6% |
| 2019 | +21.5% | +16.4% | +18.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Stoneridge Retirement Living Communities 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Stoneridge Retirement Living Communities Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $489K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.3%.
Executive Compensation Analysis
No officer compensation has been reported in any of the 12 filings from 2014 to 2023, which is highly unusual for an organization with annual revenues exceeding $5 million and assets over $5 million, suggesting either volunteer leadership or compensation is reported under other expense categories, or it is truly a volunteer-led organization.
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 Stoneridge Retirement Living Communities Inc's IRS 990 filings:
- No reported officer compensation despite significant revenue and assets, which is unusual and warrants further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Stoneridge Retirement Living Communities Inc:
- Consistent revenue growth over a decade, from $2.8M in 2014 to $5.6M in 2023.
- Strong asset growth, increasing from $906K in 2014 to $5.4M in 2023.
- Consistently operates with a financial surplus, indicating sound financial management (e.g., $489,251 surplus in 2023).
- Healthy balance sheet with assets growing faster than liabilities.
- Excellent transparency regarding executive compensation, with zero reported officer compensation across all filings.
Frequently Asked Questions about Stoneridge Retirement Living Communities Inc
Is Stoneridge Retirement Living Communities Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Stoneridge Retirement Living Communities Inc (EIN: 208424515) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Stoneridge Retirement Living Communities Inc spend its money?
Stoneridge Retirement Living Communities Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Stoneridge Retirement Living Communities Inc tax-deductible?
Stoneridge Retirement Living Communities Inc is registered as a tax-exempt nonprofit (EIN: 208424515). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Stoneridge Retirement Living Communities Inc CEO make?
Stoneridge Retirement Living Communities Inc's highest-compensated officer earns $5 annually. The organization reported $4.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Stoneridge Retirement Living Communities Inc's spending goes to programs?
Stoneridge Retirement Living Communities Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Stoneridge Retirement Living Communities Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Stoneridge Retirement Living Communities Inc is above average for NTEE category P111 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Stoneridge Retirement Living Communities Inc located?
Stoneridge Retirement Living Communities Inc is headquartered in Myerstown, Pennsylvania and files with the IRS under EIN 208424515. It is classified under NTEE code P111.
How many years of IRS 990 filings does Stoneridge Retirement Living Communities Inc have?
Stoneridge Retirement Living Communities Inc has 12 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 $4.1M in total revenue.
Is Stoneridge Retirement Living Communities Inc a good charity?
Based on the available financial data, Stoneridge Retirement Living Communities Inc appears to be a well-managed organization with strong financial health, consistent growth, and no reported officer compensation, which are all positive indicators for a charity.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with revenue growing from $2.8 million in 2014 to $5.6 million in 2023, and assets increasing from $906,042 to $5.4 million in the same period, demonstrating robust growth and stability.
What is the trend in the organization's assets and liabilities?
Assets have shown a strong upward trend, increasing from $906,042 in 2014 to $5,447,746 in 2023. Liabilities have also increased, but at a slower rate, moving from $498,093 to $1,048,944, indicating a healthy and growing equity position.
Does the organization spend efficiently?
Yes, the organization appears to spend efficiently, consistently operating with a surplus (revenue exceeding expenses) in all reported years. For example, in 2023, revenue was $5,655,915 against expenses of $5,166,664, resulting in a significant surplus.
Why is there no officer compensation reported?
The absence of reported officer compensation across all 12 filings is notable. This could indicate that the organization is primarily run by volunteers, or that executive compensation is categorized differently within the IRS 990, or that it is a related entity that does not directly pay officers.
Filing History
IRS 990 filing history for Stoneridge Retirement Living Communities Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Stoneridge Retirement Living Communities Inc's revenue has grown by 208.5%, moving from $1.8M to $5.7M. Total assets increased by 1137.4% over the same period, from $440K to $5.4M. Total functional expenses rose by 190.5%, from $1.8M to $5.2M. In its most recent filing year (2023), Stoneridge Retirement Living Communities Inc reported a surplus of $489K, with revenue exceeding expenses. The organization holds $1.0M in liabilities against $5.4M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $5.2M | $5.4M | $1.0M | — | — |
| 2022 | $5.1M | $4.3M | $5.0M | $1.1M | — | View 990 |
| 2021 | $5.4M | $4.9M | $4.4M | $1.2M | — | View 990 |
| 2020 | $4.5M | $4.2M | $3.7M | $1.2M | — | View 990 |
| 2019 | $4.3M | $3.9M | $2.5M | $844K | — | View 990 |
| 2018 | $3.5M | $3.4M | $2.1M | $842K | — | View 990 |
| 2017 | $3.7M | $3.4M | $2.2M | $997K | — | View 990 |
| 2016 | $3.1M | $2.9M | $2.2M | $985K | — | View 990 |
| 2015 | $3.1M | $2.5M | $1.9M | $817K | — | View 990 |
| 2014 | $2.8M | $2.7M | $906K | $498K | — | View 990 |
| 2013 | $2.4M | $2.3M | $671K | $396K | — | View 990 |
| 2012 | $1.8M | $1.8M | $440K | $216K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $5.2M, and assets of $5.4M (revenue +11.3% year-over-year).
- 2022: Revenue of $5.1M, expenses of $4.3M, and assets of $5.0M (revenue -6.5% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.9M, and assets of $4.4M (revenue +19.8% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.2M, and assets of $3.7M (revenue +6.3% year-over-year).
- 2019: Revenue of $4.3M, expenses of $3.9M, and assets of $2.5M (revenue +21.5% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.4M, and assets of $2.1M (revenue -4.3% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.4M, and assets of $2.2M (revenue +16.9% year-over-year).
- 2016: Revenue of $3.1M, expenses of $2.9M, and assets of $2.2M (revenue +0.6% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.5M, and assets of $1.9M (revenue +10.8% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.7M, and assets of $906K (revenue +19.7% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $671K (revenue +28.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.8M, and assets of $440K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Stoneridge Retirement Living Communities Inc:
Data Sources and Methodology
This transparency report for Stoneridge Retirement Living Communities 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.