The Lena And David T Wilentz Senior Residence Inc
The Lena And David T Wilentz Senior Residence Inc: Consistent Revenue, Declining Assets
EIN: 222289444 · Somerset, NJ · NTEE: L220 · Updated: 2026-04-04
About The Lena And David T Wilentz Senior Residence Inc
The Lena And David T Wilentz Senior Residence Inc (EIN: 222289444) is a nonprofit organization based in Somerset, NJ, classified under NTEE code L220. The organization reported total revenue of $20.2M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Lena And David T Wilentz Senior Residence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Lena And David T Wilentz Senior Residence Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, The Lena And David T Wilentz Senior Residence Inc 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.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial summary.
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 Lena And David T Wilentz Senior Residence Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $3,231,443 in 2016 to $1,671,321 in 2023, which warrants further investigation into the cause of this trend.
- Liabilities have also decreased from $4,702,143 in 2016 to $2,813,501 in 2023, but the rate of decline in assets is more pronounced.
Strengths
The following positive indicators were identified for The Lena And David T Wilentz Senior Residence Inc:
- Consistent revenue generation, with annual revenue remaining stable around $1.7M-$1.9M over the past several years, indicating stable operations.
- The organization has maintained a positive net income (revenue exceeding expenses) in most reported years, demonstrating financial stability.
Frequently Asked Questions about The Lena And David T Wilentz Senior Residence Inc
What does The Lena And David T Wilentz Senior Residence Inc do?
The Lena And David T Wilentz Senior Residence Inc is a nonprofit organization in the Housing & Shelter sector, located in Somerset, New Jersey. It is classified under NTEE code L220.
How much revenue does The Lena And David T Wilentz Senior Residence Inc have?
The Lena And David T Wilentz Senior Residence Inc reported total revenue of $20,189,652. Based on 13 IRS 990 filings on record.
What are The Lena And David T Wilentz Senior Residence Inc's total assets?
The Lena And David T Wilentz Senior Residence Inc holds total assets of N/A as reported in IRS 990 filings.
Where is The Lena And David T Wilentz Senior Residence Inc located?
The Lena And David T Wilentz Senior Residence Inc is based in Somerset, New Jersey.
What is The Lena And David T Wilentz Senior Residence Inc's EIN?
The Lena And David T Wilentz Senior Residence Inc's Employer Identification Number (EIN) is 222289444. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Lena And David T Wilentz Senior Residence Inc?
The Lena And David T Wilentz Senior Residence Inc is classified under NTEE code L220 (Housing & Shelter).
Is The Lena And David T Wilentz Senior Residence Inc a registered 501(c)(3)?
Yes, The Lena And David T Wilentz Senior Residence Inc is recognized as a tax-exempt organization by the IRS. EIN: 222289444.
Does The Lena And David T Wilentz Senior Residence Inc file IRS Form 990?
Yes, The Lena And David T Wilentz Senior Residence Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Lena And David T Wilentz Senior Residence Inc's revenue in 2023?
In the 202312 filing period, The Lena And David T Wilentz Senior Residence Inc reported total revenue of $1,936,172, total expenses of $1,863,517, and net assets of $1,671,321.
Is The Lena And David T Wilentz Senior Residence Inc's revenue growing or declining?
The Lena And David T Wilentz Senior Residence Inc's revenue is relatively stable. Revenue went from $1,888,009 (202212) to $1,936,172 (202312), a +2.6% change. Based on 13 filings on record.
What is The Lena And David T Wilentz Senior Residence Inc's most recent 990 filing?
The most recent IRS Form 990 filing for The Lena And David T Wilentz Senior Residence Inc covers tax period 202312. It shows revenue of $1,936,172, expenses of $1,863,517, total assets of $1,671,321, and liabilities of $2,813,501.
How much does The Lena And David T Wilentz Senior Residence Inc spend on programs vs administration?
Based on IRS 990 analysis, The Lena And David T Wilentz Senior Residence Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is The Lena And David T Wilentz Senior Residence Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, The Lena And David T Wilentz Senior Residence Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for The Lena And David T Wilentz Senior Residence Inc?
The following concerns were identified: Total assets have shown a consistent decline from $3,231,443 in 2016 to $1,671,321 in 2023, which warrants further investigation into the cause of this trend.. Liabilities have also decreased from $4,702,143 in 2016 to $2,813,501 in 2023, but the rate of decline in assets is more pronounced.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Lena And David T Wilentz Senior Residence Inc's strengths?
Positive indicators for The Lena And David T Wilentz Senior Residence Inc include: Consistent revenue generation, with annual revenue remaining stable around $1.7M-$1.9M over the past several years, indicating stable operations.. The organization has maintained a positive net income (revenue exceeding expenses) in most reported years, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does The Lena And David T Wilentz Senior Residence Inc compensate executives?
Executive compensation cannot be assessed from the provided data as specific compensation figures are not included in the financial summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is The Lena And David T Wilentz Senior Residence Inc?
• Financial data is consistently reported over multiple years, indicating a structured approach to financial disclosure. • The organization's filings show a clear breakdown of revenue and expenses, aiding in financial analysis. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets over the past several years, and how does this impact the long-term sustainability of the residence?
The provided data shows a steady decrease in total assets from $3,231,443 in 2016 to $1,671,321 in 2023. This trend could be due to depreciation of property and equipment, sale of assets, or investment losses. Understanding the specific reasons is crucial for assessing the organization's financial health and its ability to maintain or expand services in the future.
Filing History
IRS 990 filing history for The Lena And David T Wilentz Senior Residence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Lena And David T Wilentz Senior Residence Inc's revenue has grown by 16.3%, moving from $1.7M to $1.9M. Total assets decreased by 60.2% over the same period, from $4.2M to $1.7M. Total functional expenses rose by 14.3%, from $1.6M to $1.9M. In its most recent filing year (2023), The Lena And David T Wilentz Senior Residence Inc reported a surplus of $73K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $1.7M in assets (debt-to-asset ratio: 168.3%), resulting in net assets of $-1,142,180.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $1.7M | $2.8M | — | View 990 |
| 2022 | $1.9M | $1.8M | $1.9M | $3.1M | — | — |
| 2021 | $1.9M | $1.7M | $2.0M | $3.3M | — | View 990 |
| 2020 | $1.8M | $1.7M | $2.2M | $3.7M | — | — |
| 2019 | $1.7M | $1.8M | $2.5M | $3.9M | — | View 990 |
| 2018 | $1.7M | $1.7M | $2.7M | $4.2M | — | View 990 |
| 2017 | $1.7M | $1.7M | $3.0M | $4.4M | — | View 990 |
| 2016 | $1.7M | $1.7M | $3.2M | $4.7M | — | View 990 |
| 2015 | $1.7M | $1.7M | $3.6M | $5.1M | — | View 990 |
| 2014 | $1.7M | $1.8M | $3.9M | $5.4M | — | View 990 |
| 2013 | $1.7M | $1.7M | $3.8M | $5.2M | — | View 990 |
| 2012 | $1.7M | $1.7M | $4.1M | $5.5M | — | View 990 |
| 2011 | $1.7M | $1.6M | $4.2M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $1.7M (revenue +2.6% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.8M, and assets of $1.9M (revenue +2.0% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $2.0M (revenue +5.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $2.2M (revenue +0.6% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $2.5M (revenue -0.2% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $2.7M (revenue +2.6% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $3.0M (revenue -0.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.7M, and assets of $3.2M (revenue +2.8% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $3.6M (revenue -0.7% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $3.9M (revenue +0.4% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.7M, and assets of $3.8M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $4.1M (revenue -0.8% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $4.2M.
Data Sources and Methodology
This transparency report for The Lena And David T Wilentz Senior Residence 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.