Visiting Nurse Service Of New York Home Care Ii
Visiting Nurse Service Of New York Home Care Ii consistently operates at a significant deficit with escalating liabilities.
EIN: 131624211 · New York, NY · NTEE: E920 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $272.7M |
| Total Expenses | $296.5M |
| Program Spending | 90% |
| Net Assets | $-684,114,025 |
| Transparency Score | 55/100 |
Is Visiting Nurse Service Of New York Home Care Ii Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Visiting Nurse Service Of New York Home Care Ii directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Visiting Nurse Service Of New York Home Care Ii
Visiting Nurse Service Of New York Home Care Ii (EIN: 131624211) is a nonprofit organization based in New York, NY, classified under NTEE code E920. The organization reported total revenue of $272.7M and total assets of $87.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Nurse Service Of New York Home Care Ii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visiting Nurse Service Of New York Home Care Ii is a major nonprofit that has been operating for 82 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $263.0M |
| Total Expenses | $296.5M |
| Surplus / Deficit | $-33,574,256 |
| Total Assets | $84.5M |
| Total Liabilities | $768.6M |
| Net Assets | $-684,114,025 |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 909.5% |
| Months of Reserves | 3.4 months |
Financial Health Grade: C
In 2023, Visiting Nurse Service Of New York Home Care Ii reported a deficit of $33.6M with expenses exceeding revenue, holds 3.4 months of operating reserves (adequate), has a debt-to-asset ratio of 909.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Visiting Nurse Service Of New York Home Care Ii's revenue has declined at a compound annual growth rate (CAGR) of -6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.1% | -1.2% | +4.7% |
| 2022 | -1.5% | -3.4% | +21.4% |
| 2021 | +11.0% | +3.3% | -5.5% |
| 2020 | -0.8% | -23.9% | +1.2% |
| 2019 | -6.7% | +14.3% | +13.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Visiting Nurse Service Of New York Home Care Ii with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Visiting Nurse Service Of New York Home Care Ii allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 deficit of $33.6M, with expenses exceeding revenue.
- Debt-to-asset ratio: 909.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity of its size and revenue. This suggests that executive compensation may be paid through a related organization or is not directly reported on this specific 990, requiring further scrutiny for a complete understanding of its compensation practices.
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 Visiting Nurse Service Of New York Home Care Ii's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $33.5M deficit in 2023).
- Rapidly escalating liabilities far exceeding assets (e.g., $768.6M liabilities vs. $84.5M assets in 2023).
- Persistent negative net assets.
- Unusual reporting of 0% officer compensation for a large organization, suggesting lack of transparency in executive pay.
Strengths
The following positive indicators were identified for Visiting Nurse Service Of New York Home Care Ii:
- Large scale of operations, indicating significant service delivery (over $260M in annual revenue).
- Consistent presence in the community with a long filing history (13 filings).
Frequently Asked Questions about Visiting Nurse Service Of New York Home Care Ii
Is Visiting Nurse Service Of New York Home Care Ii a legitimate charity?
Based on AI analysis of IRS 990 filings, Visiting Nurse Service Of New York Home Care Ii (EIN: 131624211) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Visiting Nurse Service Of New York Home Care Ii spend its money?
Visiting Nurse Service Of New York Home Care Ii directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Visiting Nurse Service Of New York Home Care Ii tax-deductible?
Visiting Nurse Service Of New York Home Care Ii is registered as a tax-exempt nonprofit (EIN: 131624211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Visiting Nurse Service Of New York Home Care Ii's spending goes to programs?
Visiting Nurse Service Of New York Home Care Ii directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Visiting Nurse Service Of New York Home Care Ii compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Visiting Nurse Service Of New York Home Care Ii is near average for NTEE category E920 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Visiting Nurse Service Of New York Home Care Ii located?
Visiting Nurse Service Of New York Home Care Ii is headquartered in New York, New York and files with the IRS under EIN 131624211. It is classified under NTEE code E920.
How many years of IRS 990 filings does Visiting Nurse Service Of New York Home Care Ii have?
Visiting Nurse Service Of New York Home Care Ii 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 $272.7M in total revenue.
How does Visiting Nurse Service Of New York Home Care Ii sustain operations with consistent and significant deficits?
The organization has consistently reported expenses exceeding revenue, for example, a $33.5 million deficit in 2023 ($296.5M expenses vs. $262.9M revenue). This ongoing operational shortfall suggests reliance on external funding, parent organization support, or drawing down reserves, which is not sustainable long-term without significant changes.
What is the nature of the rapidly increasing liabilities, which reached $768,620,617 in 2023?
The substantial and growing liabilities, far exceeding assets ($84.5M in assets vs. $768.6M in liabilities in 2023), are a major concern. This could indicate significant debt, deferred revenue, or intercompany payables, and understanding their composition is crucial for assessing financial risk.
Why is officer compensation consistently reported as 0% for an organization with over $260 million in annual revenue?
Reporting 0% officer compensation for an organization of this scale is highly unusual. It strongly suggests that executive salaries are either paid by a parent organization, a related entity, or are not categorized as 'officer compensation' on this specific 990, which impacts transparency regarding leadership costs.
What is the long-term strategy to address the persistent negative net assets?
With liabilities consistently dwarfing assets, the organization has negative net assets. For example, in 2023, net assets were approximately -$684 million. A clear strategy for improving this financial position is essential for the organization's viability.
Filing History
IRS 990 filing history for Visiting Nurse Service Of New York Home Care Ii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visiting Nurse Service Of New York Home Care Ii's revenue has declined by 56%, moving from $597.5M to $263.0M. Total assets decreased by 71.4% over the same period, from $295.5M to $84.5M. Total functional expenses fell by 51.7%, from $613.5M to $296.5M. In its most recent filing year (2023), Visiting Nurse Service Of New York Home Care Ii reported a deficit of $33.6M, with expenses exceeding revenue. The organization holds $768.6M in liabilities against $84.5M in assets (debt-to-asset ratio: 909.5%), resulting in net assets of $-684,114,025.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $263.0M | $296.5M | $84.5M | $768.6M | — | View 990 |
| 2022 | $262.6M | $300.3M | $80.7M | $731.2M | — | View 990 |
| 2021 | $266.6M | $310.8M | $66.5M | $680.0M | — | View 990 |
| 2020 | $240.1M | $300.7M | $70.3M | $639.7M | — | View 990 |
| 2019 | $241.9M | $395.0M | $69.5M | $578.2M | — | View 990 |
| 2018 | $259.5M | $345.5M | $61.0M | $416.6M | — | View 990 |
| 2017 | $295.5M | $361.1M | $43.9M | $313.5M | — | View 990 |
| 2016 | $301.8M | $379.8M | $59.9M | $263.7M | — | View 990 |
| 2015 | $380.5M | $497.8M | $62.6M | $188.4M | — | View 990 |
| 2014 | $462.5M | $540.5M | $81.9M | $90.4M | — | View 990 |
| 2013 | $617.1M | $654.1M | $185.9M | $116.4M | — | View 990 |
| 2012 | $673.8M | $713.7M | $232.2M | $125.7M | — | View 990 |
| 2011 | $597.5M | $613.5M | $295.5M | $149.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $263.0M, expenses of $296.5M, and assets of $84.5M (revenue +0.1% year-over-year).
- 2022: Revenue of $262.6M, expenses of $300.3M, and assets of $80.7M (revenue -1.5% year-over-year).
- 2021: Revenue of $266.6M, expenses of $310.8M, and assets of $66.5M (revenue +11.0% year-over-year).
- 2020: Revenue of $240.1M, expenses of $300.7M, and assets of $70.3M (revenue -0.8% year-over-year).
- 2019: Revenue of $241.9M, expenses of $395.0M, and assets of $69.5M (revenue -6.7% year-over-year).
- 2018: Revenue of $259.5M, expenses of $345.5M, and assets of $61.0M (revenue -12.2% year-over-year).
- 2017: Revenue of $295.5M, expenses of $361.1M, and assets of $43.9M (revenue -2.1% year-over-year).
- 2016: Revenue of $301.8M, expenses of $379.8M, and assets of $59.9M (revenue -20.7% year-over-year).
- 2015: Revenue of $380.5M, expenses of $497.8M, and assets of $62.6M (revenue -17.7% year-over-year).
- 2014: Revenue of $462.5M, expenses of $540.5M, and assets of $81.9M (revenue -25.1% year-over-year).
- 2013: Revenue of $617.1M, expenses of $654.1M, and assets of $185.9M (revenue -8.4% year-over-year).
- 2012: Revenue of $673.8M, expenses of $713.7M, and assets of $232.2M (revenue +12.8% year-over-year).
- 2011: Revenue of $597.5M, expenses of $613.5M, and assets of $295.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visiting Nurse Service Of New York Home Care Ii:
Data Sources and Methodology
This transparency report for Visiting Nurse Service Of New York Home Care Ii 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.