Abbey Residences Inc
Nonprofit profile at a glance
- EIN
- 222534498
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Canandaigua, NY, USA
- Phone
- 5853947500
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Group Homes
Reported finances
- Revenue
- $123,504
- Expenses
- $81,071
- Assets
- $311,581
- Liabilities
- $149,502
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- ROBERT DOEBLIN (PRESIDENT)
- BARBARA RISSER (VICE PRESIDENT)
- JOHN ASTLES (EXECUTIVE DIRECTOR)
People named in this filing
- ROBERT DOEBLIN (PRESIDENT)
- BARBARA RISSER (VICE PRESIDENT)
- LYNNE ERDLE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide housing to persons with developmental disabilities.
What it reported doing in 2024
Abbey residences owns and operates a ten unit apartment complex providing supervised living facilities for developmentally disabled persons. Approximately 10 residents served.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 82
- Sustainability: 77
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.9%; rating input score 49
- Program expense ratio: 74.6%; rating input score 75
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 34.4%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.84; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -4.7% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 29th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 48.9% of revenue deployed · 74.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $60K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 11/100.