Toomey Residential And Community Services Corp
Toomey Residential And Community Services Corp consistently operates with surpluses and reports no officer compensation.
EIN: 161363414 · Syracuse, NY · NTEE: P730 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.1M |
| Total Expenses | $11.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $12,149,524 |
| Net Assets | $5.3M |
| Transparency Score | 92/100 |
Is Toomey Residential And Community Services Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toomey Residential And Community Services Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toomey Residential And Community Services Corp
Toomey Residential And Community Services Corp (EIN: 161363414) is a nonprofit organization based in Syracuse, NY, classified under NTEE code P730. The organization reported total revenue of $12.1M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toomey Residential And Community Services Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toomey Residential And Community Services Corp is a large nonprofit that has been operating for 35 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.7M |
| Total Expenses | $11.6M |
| Surplus / Deficit | +$77K |
| Total Assets | $8.2M |
| Total Liabilities | $2.9M |
| Net Assets | $5.3M |
| Operating Margin | 0.7% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: A
In 2024, Toomey Residential And Community Services Corp reported a surplus of $77K with revenue exceeding expenses, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Toomey Residential And Community Services Corp's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.5% | +0.6% | +0.3% |
| 2023 | +1.7% | +5.2% | +3.5% |
| 2022 | -4.6% | +3.5% | +8.0% |
| 2021 | +18.9% | -1.2% | +2.1% |
| 2020 | -0.2% | +3.3% | +21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Toomey Residential And Community Services Corp 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Toomey Residential And Community Services Corp allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual and suggests that executive leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which is commendable for a nonprofit of its size (latest revenue $12,149,524).
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 Toomey Residential And Community Services Corp's IRS 990 filings:
- Unusually low or zero reported officer compensation, which might indicate compensation is reported under other categories or a highly unusual volunteer executive structure for an organization of this size.
Strengths
The following positive indicators were identified for Toomey Residential And Community Services Corp:
- Consistent operational surpluses, indicating sound financial management (e.g., 202406 revenue $11,667,919 vs. expenses $11,590,486).
- Steady growth in assets over time, from $5,483,456 in 201706 to $8,224,760 in 202406.
- Zero reported officer compensation across all filings, suggesting a strong focus on mission-related spending.
- Long history of IRS 990 filings (14 filings), demonstrating consistent transparency and compliance.
Frequently Asked Questions about Toomey Residential And Community Services Corp
Is Toomey Residential And Community Services Corp a legitimate charity?
Toomey Residential And Community Services Corp (EIN: 161363414) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $12.1M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Toomey Residential And Community Services Corp spend its money?
Toomey Residential And Community Services Corp directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Toomey Residential And Community Services Corp tax-deductible?
Toomey Residential And Community Services Corp is registered as a tax-exempt nonprofit (EIN: 161363414). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Toomey Residential And Community Services Corp CEO make?
Toomey Residential And Community Services Corp's highest-compensated officer earns $12,149,524 annually. The organization reported $12.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Toomey Residential And Community Services Corp's spending goes to programs?
Toomey Residential And Community Services Corp directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Toomey Residential And Community Services Corp compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Toomey Residential And Community Services Corp is above average for NTEE category P730 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Toomey Residential And Community Services Corp located?
Toomey Residential And Community Services Corp is headquartered in Syracuse, New York and files with the IRS under EIN 161363414. It is classified under NTEE code P730.
How many years of IRS 990 filings does Toomey Residential And Community Services Corp have?
Toomey Residential And Community Services Corp has 14 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 $12.1M in total revenue.
Is Toomey Residential And Community Services Corp a good charity?
Based on the provided financial data, Toomey Residential And Community Services Corp appears to be a well-managed charity. It consistently operates with a surplus, has growing assets, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How does Toomey Residential And Community Services Corp manage its expenses?
The organization generally manages its expenses effectively, consistently keeping them below or very close to its revenue. For example, in 202406, expenses were $11,590,486 against revenues of $11,667,919, indicating tight financial control and operational efficiency.
What is the trend in Toomey Residential And Community Services Corp's assets?
Toomey Residential And Community Services Corp's assets have shown a positive growth trend, increasing from $5,483,456 in 201706 to $8,224,760 in 202406, indicating financial stability and accumulation of resources.
Does Toomey Residential And Community Services Corp pay its executives?
According to the provided IRS 990 data, Toomey Residential And Community Services Corp consistently reports 0% officer compensation across all 14 filings, suggesting that no compensation is paid to officers or that it is reported under other categories not specified in the summary data.
Filing History
IRS 990 filing history for Toomey Residential And Community Services Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Toomey Residential And Community Services Corp's revenue has grown by 40.2%, moving from $8.3M to $11.7M. Total assets increased by 154.5% over the same period, from $3.2M to $8.2M. Total functional expenses rose by 41%, from $8.2M to $11.6M. In its most recent filing year (2024), Toomey Residential And Community Services Corp reported a surplus of $77K, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $8.2M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $11.7M | $11.6M | $8.2M | $2.9M | — | View 990 |
| 2023 | $12.0M | $11.5M | $8.2M | $3.0M | — | View 990 |
| 2022 | $11.8M | $11.0M | $7.9M | $2.6M | — | View 990 |
| 2021 | $12.3M | $10.6M | $7.3M | $2.8M | — | View 990 |
| 2020 | $10.4M | $10.7M | $7.2M | $4.4M | — | View 990 |
| 2019 | $10.4M | $10.4M | $5.9M | $2.8M | — | View 990 |
| 2018 | $10.2M | $9.9M | $5.9M | $2.8M | — | — |
| 2017 | $9.2M | $9.6M | $5.5M | $2.7M | — | View 990 |
| 2016 | $9.8M | $9.4M | $5.7M | $2.5M | — | View 990 |
| 2015 | $10.3M | $9.1M | $6.1M | $3.2M | — | View 990 |
| 2014 | $9.3M | $9.0M | $4.2M | $2.5M | — | View 990 |
| 2013 | $8.7M | $8.8M | $3.9M | $2.4M | — | View 990 |
| 2012 | $8.2M | $8.3M | $3.7M | $2.2M | — | View 990 |
| 2011 | $8.3M | $8.2M | $3.2M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $11.7M, expenses of $11.6M, and assets of $8.2M (revenue -2.5% year-over-year).
- 2023: Revenue of $12.0M, expenses of $11.5M, and assets of $8.2M (revenue +1.7% year-over-year).
- 2022: Revenue of $11.8M, expenses of $11.0M, and assets of $7.9M (revenue -4.6% year-over-year).
- 2021: Revenue of $12.3M, expenses of $10.6M, and assets of $7.3M (revenue +18.9% year-over-year).
- 2020: Revenue of $10.4M, expenses of $10.7M, and assets of $7.2M (revenue -0.2% year-over-year).
- 2019: Revenue of $10.4M, expenses of $10.4M, and assets of $5.9M (revenue +1.8% year-over-year).
- 2018: Revenue of $10.2M, expenses of $9.9M, and assets of $5.9M (revenue +10.7% year-over-year).
- 2017: Revenue of $9.2M, expenses of $9.6M, and assets of $5.5M (revenue -5.6% year-over-year).
- 2016: Revenue of $9.8M, expenses of $9.4M, and assets of $5.7M (revenue -4.8% year-over-year).
- 2015: Revenue of $10.3M, expenses of $9.1M, and assets of $6.1M (revenue +10.5% year-over-year).
- 2014: Revenue of $9.3M, expenses of $9.0M, and assets of $4.2M (revenue +6.4% year-over-year).
- 2013: Revenue of $8.7M, expenses of $8.8M, and assets of $3.9M (revenue +6.6% year-over-year).
- 2012: Revenue of $8.2M, expenses of $8.3M, and assets of $3.7M (revenue -1.7% year-over-year).
- 2011: Revenue of $8.3M, expenses of $8.2M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toomey Residential And Community Services Corp:
Data Sources and Methodology
This transparency report for Toomey Residential And Community Services Corp 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.