Enriched Resources for the Independent Elderly Inc

Nonprofit profile at a glance

EIN
161163209
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Syracuse, NY, USA
Phone
3154691300
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$599,643
Expenses
$792,985
Assets
$135,469
Liabilities
$250,580

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

People named in this filing

  • JULIE EDMUNDS SMITH (CHAIRMAN)
  • JOHN BERGEMANN (SECRETARY)
  • KEVIN RANDALL (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The enriched housing program enables residents to reside in their own apartments and remain independent versus nursing home placement. Services provided include social services, meals, medication managment, housekeeping, personal care and resident activities.

What it reported doing in 2024

The enriched housing program enables the residents to reside in their own apartments and remain independent versus nursing home placement. Services provided include social services, meals, medication management, housekeeping, personal care, and activities. Currently all the available apartments are at the toomey abbott tower, located at 1207 almond street, syracuse, New York. Toomey abbott tower is a federally-funded program providing purlich housing that must meet u.s. Department of housing and urban development (hud) income and eligibility requirements. Residents must meet both the hud and the enriched housing program requirements. Toomey abbot tower is owned/managed by the syracuse housing authority who also provides the of certain space at the property, free of charge, to operate the enriched housing program. The program has a current certificate from the New York state department of health to operate the program, for up to 95 residents. The New York state department of health is responsible for the oversight and surveillance of adult care facilities (acf) in accordance with New York state laws, regulations and codes and conducts inspections for certification purposes every 12 to 18 months at each acf.

Operating model

Revenue model
Earned-program. 92% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 86
  • Accountability: 100
  • Sustainability: 14
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.9%; rating input score 91
  • Program expense ratio: 68.7%; rating input score 69
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 19th 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; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -32.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 1.85; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: -25.1% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -51.3% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -16% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 90.9% of revenue deployed · 68.7% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $545K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 3 filed related-organization links
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 5/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.