The Chenango Valley Home
The Chenango Valley Home maintains substantial assets despite recent operating deficits, reporting no officer compensation.
EIN: 150543650 · Norwich, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $2.0M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.7 |
| Net Assets | $19.2M |
| Transparency Score | 70/100 |
Is The Chenango Valley Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Chenango Valley Home directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Chenango Valley Home
The Chenango Valley Home (EIN: 150543650) is a nonprofit organization based in Norwich, NY. The organization reported total revenue of $2.8M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Chenango Valley Home's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Chenango Valley Home is a mid-size nonprofit that has been operating for 71 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-230,385 |
| Total Assets | $19.2M |
| Total Liabilities | $96K |
| Net Assets | $19.2M |
| Operating Margin | -13.1% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 115.8 months |
Financial Health Grade: B
In 2023, The Chenango Valley Home reported a deficit of $230K with expenses exceeding revenue, holds 115.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Chenango Valley Home's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -7.7% | +6.4% |
| 2022 | -6.4% | -3.0% | -12.7% |
| 2021 | +22.5% | -1.7% | +4.4% |
| 2020 | -29.1% | +12.2% | +4.4% |
| 2019 | +17.9% | +11.5% | +67.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1955 |
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 The Chenango Valley Home with a Mission Score of 70 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, The Chenango Valley Home allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $230K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with annual revenues exceeding $1.7 million and assets over $19 million. This suggests either a fully volunteer executive leadership or that executive salaries are categorized under other expense lines, which could obscure a complete picture of 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 The Chenango Valley Home's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this size and could indicate a lack of transparency if compensation is simply reclassified.
- Operating deficits in recent years (2020-2023), where expenses exceeded revenue, although offset by strong asset base.
Strengths
The following positive indicators were identified for The Chenango Valley Home:
- Strong and growing asset base, increasing from $9.6M in 2011 to over $19M in 2023, providing long-term financial security.
- Low liabilities relative to assets, indicating a healthy balance sheet and minimal debt burden.
- Consistent IRS 990 filing history, demonstrating compliance with reporting requirements.
Frequently Asked Questions about The Chenango Valley Home
Is The Chenango Valley Home a legitimate charity?
Based on AI analysis of IRS 990 filings, The Chenango Valley Home (EIN: 150543650) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does The Chenango Valley Home spend its money?
The Chenango Valley Home directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Chenango Valley Home tax-deductible?
The Chenango Valley Home is registered as a tax-exempt nonprofit (EIN: 150543650). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Chenango Valley Home CEO make?
The Chenango Valley Home's highest-compensated officer earns $1.7 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Chenango Valley Home's spending goes to programs?
The Chenango Valley Home directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is The Chenango Valley Home located?
The Chenango Valley Home is headquartered in Norwich, New York and files with the IRS under EIN 150543650.
How many years of IRS 990 filings does The Chenango Valley Home have?
The Chenango Valley Home has 10 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 $2.8M in total revenue.
Is The Chenango Valley Home financially stable?
Yes, the organization appears financially stable, evidenced by its substantial and growing asset base, reaching $19,249,225 in 2023, and relatively low liabilities. While there have been periods where expenses exceeded revenue, the overall financial foundation is strong.
How does The Chenango Valley Home manage executive compensation?
The IRS 990 filings consistently report 0% for officer compensation. This suggests that executive leadership may be entirely volunteer-based or that compensation is reported under different expense categories, requiring further investigation for full clarity.
What is the trend in The Chenango Valley Home's assets?
The organization has shown significant asset growth over the past decade, increasing from $9,688,099 in 2011 to $19,249,225 in 2023, indicating strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for The Chenango Valley Home showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Chenango Valley Home's revenue has grown by 6.8%, moving from $1.7M to $1.8M. Total assets increased by 98.7% over the same period, from $9.7M to $19.2M. Total functional expenses rose by 29.8%, from $1.5M to $2.0M. In its most recent filing year (2023), The Chenango Valley Home reported a deficit of $230K, with expenses exceeding revenue. The organization holds $96K in liabilities against $19.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $19.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $2.0M | $19.2M | $96K | — | — |
| 2022 | $1.8M | $2.2M | $18.1M | $68K | — | View 990 |
| 2021 | $1.9M | $2.2M | $20.7M | $49K | — | View 990 |
| 2020 | $1.5M | $2.3M | $19.9M | $390K | — | View 990 |
| 2019 | $2.2M | $2.0M | $19.0M | $76K | — | — |
| 2015 | $1.8M | $1.8M | $11.3M | $1.5M | — | View 990 |
| 2014 | $2.1M | $1.7M | $11.4M | $1.6M | — | View 990 |
| 2013 | $2.0M | $2.3M | $11.5M | $2.1M | — | View 990 |
| 2012 | $1.6M | $1.5M | $9.7M | $43K | — | View 990 |
| 2011 | $1.7M | $1.5M | $9.7M | $74K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $2.0M, and assets of $19.2M (revenue +0.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.2M, and assets of $18.1M (revenue -6.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.2M, and assets of $20.7M (revenue +22.5% year-over-year).
- 2020: Revenue of $1.5M, expenses of $2.3M, and assets of $19.9M (revenue -29.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.0M, and assets of $19.0M (revenue +17.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $11.3M (revenue -11.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.7M, and assets of $11.4M (revenue +5.1% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.3M, and assets of $11.5M (revenue +24.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $9.7M (revenue -3.7% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.5M, and assets of $9.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Chenango Valley Home:
Data Sources and Methodology
This transparency report for The Chenango Valley Home 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.