Is Holy Redeemer Home Care Inc Legit? —…

Red Flags

Significant and unexplained fluctuations in assets and liabilities (e.g., from $2.6M in 2020 to $328M in 2022, then $97M in 2023) suggest potential reclassifications or structural changes that obscure the entity's standalone financial picture.
Consistent decline in revenue from $19M in 2015 to $11M in 2023, indicating a shrinking operational scale.
Expenses exceeded revenue in the latest filing (202306: Expenses=$11,403,156, Revenue=$11,082,061), resulting in a deficit for that period.

Spending Breakdown

How Holy Redeemer Home Care Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Holy Redeemer Home Care Inc

Is Holy Redeemer Home Care Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Holy Redeemer Home Care Inc (EIN: 210634582) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is Holy Redeemer Home Care Inc a good charity to donate to?

Holy Redeemer Home Care Inc has a Mission Score of 70/100. Revenue: $11.2M. Assets: $97.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Holy Redeemer Home Care Inc?

The Employer Identification Number (EIN) for Holy Redeemer Home Care Inc is 210634582. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Holy Redeemer Home Care Inc spend its money?

Holy Redeemer Home Care Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Holy Redeemer Home Care Inc's tax-exempt status?

You can verify Holy Redeemer Home Care Inc's tax-exempt status using EIN 210634582 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Holy Redeemer Home Care Inc. exhibits a complex financial picture. While the organization consistently reports zero officer compensation, which is a positive indicator for resource allocation directly to mission, its asset and liability figures show significant fluctuations, particularly a substantial increase in assets and liabilities in 2021 and 2022, followed by a decrease in 2023. This could indicate significant structural changes or reclassifications within the broader Holy Redeemer system, rather than organic growth or decline of the home care entity itself. The organization has also experienced a consistent decline in revenue from a peak of $19,044,163 in 2015 to $11,082,061 in 2023, alongside a corresponding decrease in expenses, suggesting a shrinking operational footprint.

Spending efficiency appears to be maintained, with expenses generally tracking closely to revenue, though the 2023 filing shows expenses slightly exceeding revenue ($11,403,156 vs. $11,082,061), resulting in a deficit for that period. The consistent reporting of zero officer compensation is a strong point for transparency regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, a complete assessment of spending efficiency is challenging. The significant shifts in assets and liabilities warrant further investigation to understand the underlying financial structure and its implications for the home care services provided.

Overall, the organization demonstrates a commitment to not paying its officers, which is commendable. However, the declining revenue trend and the large, fluctuating balance sheet figures suggest a need for deeper analysis into the operational and structural changes impacting Holy Redeemer Home Care Inc. to fully understand its long-term financial health and stability.

Is Holy Redeemer Home Care Inc Legit?

Verdict: Holy Redeemer Home Care Inc appears trustworthy