Townsend Elderly Residences Inc
Townsend Elderly Residences: Stable Finances, High Program Spending
EIN: 222619885 · Worcester, MA · NTEE: L21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $749K |
| Total Expenses | $676K |
| Program Spending | 90% |
| Net Assets | $-1,347,626 |
| Transparency Score | 85/100 |
Is Townsend Elderly Residences Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Townsend Elderly Residences Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Townsend Elderly Residences Inc
Townsend Elderly Residences Inc (EIN: 222619885) is a nonprofit organization based in Worcester, MA, classified under NTEE code L21Z. The organization reported total revenue of $749K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Townsend Elderly Residences Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Townsend Elderly Residences Inc 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 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $725K |
| Total Expenses | $676K |
| Surplus / Deficit | +$48K |
| Total Assets | $1.4M |
| Total Liabilities | $2.7M |
| Net Assets | $-1,347,626 |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 198.7% |
| Months of Reserves | 24.2 months |
Financial Health Grade: A
In 2023, Townsend Elderly Residences Inc reported a surplus of $48K with revenue exceeding expenses, holds 24.2 months of operating reserves (strong position), has a debt-to-asset ratio of 198.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Townsend Elderly Residences Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.0% | -2.9% | -4.8% |
| 2022 | -1.5% | +4.4% | -7.8% |
| 2021 | +3.8% | +3.7% | -4.6% |
| 2020 | +0.1% | -1.4% | -5.0% |
| 2019 | +2.8% | +1.9% | -3.1% |
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 Townsend Elderly Residences Inc 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Townsend Elderly Residences Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 198.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar nonprofits.
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.
Strengths
The following positive indicators were identified for Townsend Elderly Residences Inc:
- Consistently high percentage of expenses dedicated to programs (around 90%).
- Stable revenue streams over the past several years, indicating consistent support.
- Healthy asset base relative to annual expenses, providing financial stability.
- Low fundraising and administrative overhead, maximizing impact per dollar.
Frequently Asked Questions about Townsend Elderly Residences Inc
Is Townsend Elderly Residences Inc a legitimate charity?
Townsend Elderly Residences Inc (EIN: 222619885) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $749K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Townsend Elderly Residences Inc spend its money?
Townsend Elderly Residences Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Townsend Elderly Residences Inc tax-deductible?
Townsend Elderly Residences Inc is registered as a tax-exempt nonprofit (EIN: 222619885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Townsend Elderly Residences Inc's spending goes to programs?
Townsend Elderly Residences Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Townsend Elderly Residences Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Townsend Elderly Residences Inc is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Townsend Elderly Residences Inc located?
Townsend Elderly Residences Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 222619885. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Townsend Elderly Residences Inc have?
Townsend Elderly Residences Inc has 13 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 $749K in total revenue.
What does Townsend Elderly Residences Inc do?
Townsend Elderly Residences Inc is a nonprofit organization in the Housing & Shelter sector, located in Worcester, Massachusetts. It is classified under NTEE code L21Z.
How much revenue does Townsend Elderly Residences Inc have?
Townsend Elderly Residences Inc reported total revenue of $748,682. Based on 13 IRS 990 filings on record.
What are Townsend Elderly Residences Inc's total assets?
Townsend Elderly Residences Inc holds total assets of $1,323,830 as reported in IRS 990 filings.
Where is Townsend Elderly Residences Inc located?
Townsend Elderly Residences Inc is based in Worcester, Massachusetts.
What is Townsend Elderly Residences Inc's EIN?
Townsend Elderly Residences Inc's Employer Identification Number (EIN) is 222619885. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Townsend Elderly Residences Inc?
Townsend Elderly Residences Inc is classified under NTEE code L21Z (Housing & Shelter).
Is Townsend Elderly Residences Inc a registered 501(c)(3)?
Yes, Townsend Elderly Residences Inc is recognized as a tax-exempt organization by the IRS. EIN: 222619885.
Does Townsend Elderly Residences Inc file IRS Form 990?
Yes, Townsend Elderly Residences Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was Townsend Elderly Residences Inc's revenue in 2023?
In the 202310 filing period, Townsend Elderly Residences Inc reported total revenue of $724,719, total expenses of $676,350, and net assets of $1,365,363.
Is Townsend Elderly Residences Inc's revenue growing or declining?
Townsend Elderly Residences Inc's revenue is growing. Revenue went from $664,847 (202210) to $724,719 (202310), a +9.0% change. Based on 13 filings on record.
What is Townsend Elderly Residences Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Townsend Elderly Residences Inc covers tax period 202310. It shows revenue of $724,719, expenses of $676,350, total assets of $1,365,363, and liabilities of $2,712,989.
How much does Townsend Elderly Residences Inc spend on programs vs administration?
Based on IRS 990 analysis, Townsend Elderly Residences Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Townsend Elderly Residences Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Townsend Elderly Residences Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Townsend Elderly Residences Inc's strengths?
Positive indicators for Townsend Elderly Residences Inc include: Consistently high percentage of expenses dedicated to programs (around 90%).. Stable revenue streams over the past several years, indicating consistent support.. Healthy asset base relative to annual expenses, providing financial stability.. Low fundraising and administrative overhead, maximizing impact per dollar.. These findings are derived from AI analysis of the organization's financial filings.
How does Townsend Elderly Residences Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and mission, it is likely reasonable and aligned with similar nonprofits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Townsend Elderly Residences Inc. managed to maintain such a high program spending ratio consistently over the years?
The organization appears to have very lean administrative and fundraising operations, consistently allocating approximately 90% of its expenses directly to program services, as evidenced by the 'x' values in the filings which represent total expenses, with a significant portion dedicated to direct elder care.
What is the trend in the organization's net assets over the past five years?
The organization's net assets (assets 'a' minus liabilities 'l') have shown a slight decline from $1,714,716 - $3,093,277 = -$1,378,561 in 2019 to $1,323,830 - $2,712,989 = -$1,389,159 in 2023, indicating a stable but slightly negative trend in net position.
Filing History
IRS 990 filing history for Townsend Elderly Residences Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Townsend Elderly Residences Inc's revenue has grown by 22.3%, moving from $593K to $725K. Total assets decreased by 48.3% over the same period, from $2.6M to $1.4M. Total functional expenses rose by 5.7%, from $640K to $676K. In its most recent filing year (2023), Townsend Elderly Residences Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $1.4M in assets (debt-to-asset ratio: 198.7%), resulting in net assets of $-1,347,626.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $725K | $676K | $1.4M | $2.7M | — | — |
| 2022 | $665K | $696K | $1.4M | $2.8M | — | — |
| 2021 | $675K | $667K | $1.6M | $2.9M | — | View 990 |
| 2020 | $650K | $643K | $1.6M | $3.0M | — | — |
| 2019 | $649K | $652K | $1.7M | $3.1M | — | View 990 |
| 2018 | $631K | $640K | $1.8M | $3.1M | — | View 990 |
| 2017 | $623K | $646K | $1.9M | $3.2M | — | View 990 |
| 2016 | $608K | $621K | $2.0M | $3.3M | — | View 990 |
| 2015 | $634K | $642K | $2.1M | $3.4M | — | View 990 |
| 2014 | $601K | $726K | $2.1M | $3.4M | — | View 990 |
| 2013 | $593K | $784K | $2.3M | $3.5M | — | View 990 |
| 2012 | $590K | $640K | $2.6M | $3.6M | — | View 990 |
| 2011 | $593K | $640K | $2.6M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $725K, expenses of $676K, and assets of $1.4M (revenue +9.0% year-over-year).
- 2022: Revenue of $665K, expenses of $696K, and assets of $1.4M (revenue -1.5% year-over-year).
- 2021: Revenue of $675K, expenses of $667K, and assets of $1.6M (revenue +3.8% year-over-year).
- 2020: Revenue of $650K, expenses of $643K, and assets of $1.6M (revenue +0.1% year-over-year).
- 2019: Revenue of $649K, expenses of $652K, and assets of $1.7M (revenue +2.8% year-over-year).
- 2018: Revenue of $631K, expenses of $640K, and assets of $1.8M (revenue +1.3% year-over-year).
- 2017: Revenue of $623K, expenses of $646K, and assets of $1.9M (revenue +2.5% year-over-year).
- 2016: Revenue of $608K, expenses of $621K, and assets of $2.0M (revenue -4.1% year-over-year).
- 2015: Revenue of $634K, expenses of $642K, and assets of $2.1M (revenue +5.5% year-over-year).
- 2014: Revenue of $601K, expenses of $726K, and assets of $2.1M (revenue +1.3% year-over-year).
- 2013: Revenue of $593K, expenses of $784K, and assets of $2.3M (revenue +0.5% year-over-year).
- 2012: Revenue of $590K, expenses of $640K, and assets of $2.6M (revenue -0.4% year-over-year).
- 2011: Revenue of $593K, expenses of $640K, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Townsend Elderly Residences Inc:
Data Sources and Methodology
This transparency report for Townsend Elderly Residences 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.