Terryville Retirement Community Corporattion
Terryville Retirement Community: Stable Revenue, Declining Assets, and High Administrative Costs
EIN: 222596548 · Terryville, CT · Updated: 2026-04-04
Is Terryville Retirement Community Corporattion Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Terryville Retirement Community Corporattion directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Terryville Retirement Community Corporattion
Terryville Retirement Community Corporattion (EIN: 222596548) is a nonprofit organization based in Terryville, CT. The organization reported total revenue of $335K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Terryville Retirement Community Corporattion's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Terryville Retirement Community Corporattion is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $305K |
| Total Expenses | $374K |
| Surplus / Deficit | $-68,826 |
| Total Assets | $1.1M |
| Total Liabilities | $2.2M |
| Net Assets | $-1,065,954 |
| Operating Margin | -22.6% |
| Debt-to-Asset Ratio | 196.4% |
| Months of Reserves | 35.5 months |
Financial Health Grade: C
In 2023, Terryville Retirement Community Corporattion reported a deficit of $69K with expenses exceeding revenue, holds 35.5 months of operating reserves (strong position), has a debt-to-asset ratio of 196.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Terryville Retirement Community Corporattion's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | -1.5% | -5.1% |
| 2022 | -4.2% | +3.6% | -8.7% |
| 2021 | -10.5% | -11.0% | -4.1% |
| 2020 | -0.3% | +2.7% | -3.7% |
| 2019 | +7.5% | -1.1% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Terryville Retirement Community Corporattion 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Terryville Retirement Community Corporattion allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
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: 196.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely a significant component of administrative expenses.
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 Terryville Retirement Community Corporattion's IRS 990 filings:
- Total assets have shown a consistent decline from $1,537,758 in 2016 to $1,050,399 in 2023, indicating potential long-term financial strain or asset depreciation.
- Expenses consistently exceed revenue in most years (e.g., 2023: revenue $305,208 vs. expenses $374,034), suggesting an operational deficit covered by existing assets or other funding sources.
- The organization's liabilities are consistently high relative to its assets, with liabilities often exceeding assets (e.g., 2023: assets $1,105,517 vs. liabilities $2,171,471), indicating a potentially leveraged financial position.
Strengths
The following positive indicators were identified for Terryville Retirement Community Corporattion:
- Consistent revenue generation over the past several years, demonstrating a stable income stream.
- Long operational history with consistent financial filings, suggesting established processes and governance.
- Maintains a significant asset base, despite recent declines, providing some financial cushion.
Frequently Asked Questions about Terryville Retirement Community Corporattion
Is Terryville Retirement Community Corporattion a legitimate charity?
Based on AI analysis of IRS 990 filings, Terryville Retirement Community Corporattion (EIN: 222596548) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Terryville Retirement Community Corporattion spend its money?
Terryville Retirement Community Corporattion directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Terryville Retirement Community Corporattion tax-deductible?
Terryville Retirement Community Corporattion is registered as a tax-exempt nonprofit (EIN: 222596548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Terryville Retirement Community Corporattion do?
Terryville Retirement Community Corporattion is a nonprofit organization in the Unknown sector, located in Terryville, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Terryville Retirement Community Corporattion have?
Terryville Retirement Community Corporattion reported total revenue of $335,323. Based on 13 IRS 990 filings on record.
What are Terryville Retirement Community Corporattion's total assets?
Terryville Retirement Community Corporattion holds total assets of $1,050,399 as reported in IRS 990 filings.
Where is Terryville Retirement Community Corporattion located?
Terryville Retirement Community Corporattion is based in Terryville, Connecticut.
What is Terryville Retirement Community Corporattion's EIN?
Terryville Retirement Community Corporattion's Employer Identification Number (EIN) is 222596548. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Terryville Retirement Community Corporattion?
Terryville Retirement Community Corporattion is classified under NTEE code Unknown (Unknown).
Is Terryville Retirement Community Corporattion a registered 501(c)(3)?
Terryville Retirement Community Corporattion appears in IRS records (EIN: 222596548). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Terryville Retirement Community Corporattion file IRS Form 990?
Yes, Terryville Retirement Community Corporattion has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Terryville Retirement Community Corporattion's revenue in 2023?
In the 202312 filing period, Terryville Retirement Community Corporattion reported total revenue of $305,208, total expenses of $374,034, and net assets of $1,105,517.
Is Terryville Retirement Community Corporattion's revenue growing or declining?
Terryville Retirement Community Corporattion's revenue is relatively stable. Revenue went from $291,133 (202212) to $305,208 (202312), a +4.8% change. Based on 13 filings on record.
What is Terryville Retirement Community Corporattion's most recent 990 filing?
The most recent IRS Form 990 filing for Terryville Retirement Community Corporattion covers tax period 202312. It shows revenue of $305,208, expenses of $374,034, total assets of $1,105,517, and liabilities of $2,171,471.
How much does Terryville Retirement Community Corporattion spend on programs vs administration?
Based on IRS 990 analysis, Terryville Retirement Community Corporattion allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Terryville Retirement Community Corporattion a trustworthy charity?
Based on AI analysis of IRS 990 data, Terryville Retirement Community Corporattion shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Terryville Retirement Community Corporattion?
The following concerns were identified: Total assets have shown a consistent decline from $1,537,758 in 2016 to $1,050,399 in 2023, indicating potential long-term financial strain or asset depreciation.. Expenses consistently exceed revenue in most years (e.g., 2023: revenue $305,208 vs. expenses $374,034), suggesting an operational deficit covered by existing assets or other funding sources.. The organization's liabilities are consistently high relative to its assets, with liabilities often exceeding assets (e.g., 2023: assets $1,105,517 vs. liabilities $2,171,471), indicating a potentially leveraged financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Terryville Retirement Community Corporattion's strengths?
Positive indicators for Terryville Retirement Community Corporattion include: Consistent revenue generation over the past several years, demonstrating a stable income stream.. Long operational history with consistent financial filings, suggesting established processes and governance.. Maintains a significant asset base, despite recent declines, providing some financial cushion.. These findings are derived from AI analysis of the organization's financial filings.
How does Terryville Retirement Community Corporattion compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely a significant component of administrative expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Terryville Retirement Community Corporattion?
• Financial filings are consistently available and provide detailed breakdowns of revenue and expenses. • The organization's 990 forms clearly delineate program service expenses versus administrative and fundraising costs. • No specific transparency report or impact report beyond standard financial disclosures was readily available. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the consistent decline in total assets, and how is the organization planning to address this trend to ensure long-term sustainability?
The data shows a steady decrease in total assets from $1,537,758 in 2016 to $1,050,399 in 2023. This could be due to depreciation of property and equipment, asset sales, or using reserves to cover operational deficits. Without further detail, it's unclear if this is a planned strategy or a symptom of financial challenges.
Given that expenses frequently exceed revenue, how is the organization funding its operations, and what is the strategy to achieve financial equilibrium?
In multiple years, including 2023 ($305,208 revenue vs. $374,034 expenses), the organization spent more than it earned. This suggests they are drawing from existing assets or reserves to cover operational costs. A long-term strategy for balancing the budget or increasing revenue streams would be crucial for sustainability.
Filing History
IRS 990 filing history for Terryville Retirement Community Corporattion showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Terryville Retirement Community Corporattion's revenue has grown by 4.1%, moving from $293K to $305K. Total assets decreased by 39.4% over the same period, from $1.8M to $1.1M. Total functional expenses rose by 6.2%, from $352K to $374K. In its most recent filing year (2023), Terryville Retirement Community Corporattion reported a deficit of $69K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $1.1M in assets (debt-to-asset ratio: 196.4%), resulting in net assets of $-1,065,954.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $305K | $374K | $1.1M | $2.2M | — | — |
| 2022 | $291K | $380K | $1.2M | $2.2M | — | View 990 |
| 2021 | $304K | $367K | $1.3M | $2.2M | — | View 990 |
| 2020 | $340K | $412K | $1.3M | $2.2M | — | — |
| 2019 | $341K | $401K | $1.4M | $2.1M | — | View 990 |
| 2018 | $317K | $405K | $1.4M | $2.1M | — | — |
| 2017 | $326K | $378K | $1.5M | $2.1M | — | View 990 |
| 2016 | $326K | $367K | $1.5M | $2.1M | — | View 990 |
| 2015 | $278K | $398K | $1.6M | $2.1M | — | View 990 |
| 2014 | $331K | $426K | $1.7M | $2.1M | — | View 990 |
| 2013 | $427K | $407K | $1.9M | $2.2M | — | View 990 |
| 2012 | $271K | $412K | $1.7M | $2.0M | — | View 990 |
| 2011 | $293K | $352K | $1.8M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $305K, expenses of $374K, and assets of $1.1M (revenue +4.8% year-over-year).
- 2022: Revenue of $291K, expenses of $380K, and assets of $1.2M (revenue -4.2% year-over-year).
- 2021: Revenue of $304K, expenses of $367K, and assets of $1.3M (revenue -10.5% year-over-year).
- 2020: Revenue of $340K, expenses of $412K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2019: Revenue of $341K, expenses of $401K, and assets of $1.4M (revenue +7.5% year-over-year).
- 2018: Revenue of $317K, expenses of $405K, and assets of $1.4M (revenue -2.9% year-over-year).
- 2017: Revenue of $326K, expenses of $378K, and assets of $1.5M (revenue +0.2% year-over-year).
- 2016: Revenue of $326K, expenses of $367K, and assets of $1.5M (revenue +17.1% year-over-year).
- 2015: Revenue of $278K, expenses of $398K, and assets of $1.6M (revenue -16.0% year-over-year).
- 2014: Revenue of $331K, expenses of $426K, and assets of $1.7M (revenue -22.5% year-over-year).
- 2013: Revenue of $427K, expenses of $407K, and assets of $1.9M (revenue +57.5% year-over-year).
- 2012: Revenue of $271K, expenses of $412K, and assets of $1.7M (revenue -7.6% year-over-year).
- 2011: Revenue of $293K, expenses of $352K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Terryville Retirement Community Corporattion:
Data Sources and Methodology
This transparency report for Terryville Retirement Community Corporattion 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.