Community Aging and Retirement Services Inc

Nonprofit profile at a glance

EIN
237348090
IRS 990 coverage
2018–2023
Forms available
Form 990 2023
Location
Hudson, FL, USA
Rating
48
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$2,995,268
Expenses
$3,368,634
Assets
$2,594,573
Liabilities
$1,185,152

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Jemith Rosa (President and CEO)

Highest reported compensation

  • Jemith Rosa (President and CEO): $130,473 total reported compensation
  • Michael Neumann (CFO): $110,858 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

CARES promotes the quality of life and independence for adults and seniors through health social and supportive services.

What it reported doing in 2023

This program funded by grants and fees offers in-home support services to elderly clients to avoid institutionalization. Services provided encompass homemaking personal care respite care for caregivers companionship home-delivered meals emergency alert response units medical transportation and financial risk reduction. In total 65,252 units of service were delivered to 642 clients.

Operating model

Revenue model
Grant-funded. 93% of the money available for current operations came from government grants.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 100
  • Accountability: 86
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.5%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -19.4% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -8.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -0.3% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments
  • Leadership: top reported pay $130K · 10 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2018 to 2023
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.