LHousing & ShelterEIN: 050510787· Ruling Year: 2001

Ocean State Assisted Living

East Greenwich, Rhode Island

BHealth Score
61B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

💰
$7.4M
Total Revenue
📊
$6.5M
Total Expenses
🏦
$2.9M
Net Assets
📋
$14.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+22.1%
Year-over-year change (2022 → 2023)
Net Margin
+11.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.44
Net assets divided by total expenses
Liabilities-to-Assets
83.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,367,06222%$6,508,7018%$17,728,4185%
2022$6,034,5415%$6,051,44921%$16,935,09562%
2021$5,733,84710%$4,983,1086%$10,439,0792%
2020$5,198,4338%$5,283,5974%$10,252,4991%
2019$5,679,2085%$5,482,7301%$10,154,1743%
2018$5,949,96411%$5,415,1674%$9,861,9843%
2017$5,339,344$5,227,090$10,191,208
2016$5,346,7767%$5,239,2973%$10,187,2462%
2015$5,738,3436%$5,393,1951%$10,348,029
2014$5,422,4101%$5,364,1771%$10,338,6712%
2013$5,484,5915%$5,423,7172%$10,529,7141%
2012$5,224,3854%$5,314,7813%$10,658,6073%
2011$5,027,565$5,167,312$11,006,659

Frequently Asked Questions

What does Ocean State Assisted Living do?

Ocean State Assisted Living is a housing & shelter nonprofit organization based in Rhode Island. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Ocean State Assisted Living financially healthy?

Based on our 9-metric Financial Health Score model, Ocean State Assisted Living has a score of 61/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Ocean State Assisted Living generate?

Ocean State Assisted Living reports $3.1M in annual revenue and holds $13.1M in total assets, based on IRS filings.

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