The Erie Arc Development Corp Inc
Nonprofit profile at a glance
- EIN
- 222599794
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990-EZ 2024
- Location
- Williamsville, NY, USA
- Phone
- 7168338603
- Rating
- 39
- Verdict
- REVIEW
- Rating confidence
- Moderate
Reported finances
- Revenue
- $98,109
- Expenses
- $81,766
- Assets
- $443,562
- Liabilities
- $226,176
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- PATRICK YOUNG (CHAIRMAN)
- KEVIN O'LEARY (VICE CHAIRMAN)
- VERONICA KOLLER (RECORDING SECRETARY)
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
The organization is a not-for-profit corporation that is exempt from income taxes as an organization qualified under section 501(c)(3) of the internal revenue code. The organization has also been classified by the internal revenue service as an entity that is not a private foundation.
What it reported doing in 2024
The corporation operates a hud home in lancaster, ny which provides residential room and board for 9 developmentally disabled adults. Programs designed to assist the residents in becoming independent and productive members of the community are licensed and funded through the nys opwdd. The combination of the programs and the room and board components are integral to the quality of life for the individuals served through the program.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. 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: 82
- Sustainability: 66
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 16.7%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 5.42; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.51; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.4% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 14 filing years from 2009 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.