Syracuse Home Association

Is Syracuse Home Association Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Syracuse Home Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Syracuse Home Association

Syracuse Home Association (EIN: 150533582) is a nonprofit organization based in Baldwinsville, NY, classified under NTEE code E90Z. The organization reported total revenue of $19.7M and total assets of $14.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Syracuse Home Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Syracuse Home Association is a large nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Syracuse Home Association reported a deficit of $1.3M with expenses exceeding revenue, holds 9.6 months of operating reserves (strong position), has a debt-to-asset ratio of 67.2% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Syracuse Home Association's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.

IRS Tax-Exempt Classification

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 Syracuse Home Association with a Mission Score of 85 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: 10%
• programs: 85%
• fundraising: 5%

According to IRS 990 filings, Syracuse Home Association 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 (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $1.3M, with expenses exceeding revenue.
• Debt-to-asset ratio: 67.2%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or key employees in a manner that requires disclosure in this section of the 990, which is highly unusual for an organization of this size (revenues often exceeding $15 million). This could imply a volunteer leadership structure or compensation being reported under other expense categories, warranting further investigation for a complete picture.

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 Syracuse Home Association's IRS 990 filings:

• Consistent operating deficits in recent years (e.g., 2022 and 2023 expenses exceeded revenue)
• Significant decline in assets from $19.2 million in 2021 to $14.0 million in 2023 without clear explanation in provided data
• Unusual reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration.

Strengths

The following positive indicators were identified for Syracuse Home Association:

• Consistent reporting of 0% officer compensation, indicating strong transparency in this area or a volunteer-led executive team.
• Long operating history with consistent filing of IRS Form 990s (13 filings), suggesting organizational stability and compliance.
• Substantial asset base ($14.0 million in 2023) provides a buffer against financial fluctuations.

Frequently Asked Questions about Syracuse Home Association

Filing History

IRS 990 filing history for Syracuse Home Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Syracuse Home Association's revenue has grown by 22.8%, moving from $13.2M to $16.3M. Total assets decreased by 20.1% over the same period, from $17.6M to $14.1M. Total functional expenses rose by 26.8%, from $13.8M to $17.5M. In its most recent filing year (2023), Syracuse Home Association reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $9.4M in liabilities against $14.1M in assets (debt-to-asset ratio: 67.2%), resulting in net assets of $4.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $16.3M, expenses of $17.5M, and assets of $14.1M (revenue +11.0% year-over-year).
• 2022: Revenue of $14.6M, expenses of $16.2M, and assets of $15.6M (revenue -18.3% year-over-year).
• 2021: Revenue of $17.9M, expenses of $16.7M, and assets of $19.3M (revenue +0.0% year-over-year).
• 2020: Revenue of $17.9M, expenses of $17.9M, and assets of $18.8M (revenue +5.3% year-over-year).
• 2019: Revenue of $17.0M, expenses of $16.5M, and assets of $18.3M (revenue -0.1% year-over-year).
• 2018: Revenue of $17.0M, expenses of $16.1M, and assets of $17.9M (revenue +4.8% year-over-year).
• 2017: Revenue of $16.2M, expenses of $15.9M, and assets of $17.5M (revenue +2.8% year-over-year).
• 2016: Revenue of $15.8M, expenses of $15.7M, and assets of $17.6M (revenue -2.2% year-over-year).
• 2015: Revenue of $16.2M, expenses of $15.4M, and assets of $18.8M (revenue +7.2% year-over-year).
• 2014: Revenue of $15.1M, expenses of $14.8M, and assets of $19.0M (revenue -9.5% year-over-year).
• 2013: Revenue of $16.7M, expenses of $14.5M, and assets of $18.4M (revenue +12.9% year-over-year).
• 2012: Revenue of $14.8M, expenses of $14.0M, and assets of $17.8M (revenue +11.5% year-over-year).
• 2011: Revenue of $13.2M, expenses of $13.8M, and assets of $17.6M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Syracuse Home Association:

Data Sources and Methodology

This transparency report for Syracuse Home Association 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.