Is Homesharing Program Of Somerset County Inc Legit?
Quick charity verification for Homesharing Program Of Somerset County Inc (EIN: 222893508)
Verdict: Homesharing Program Of Somerset County Inc appears trustworthy
75/100Mission Score
$327KRevenue
$296KAssets
2Red Flags
3Strengths
Red Flags
The significant increase in liabilities from $38,170 in 2021 to $87,582 in 2023 warrants further investigation to understand the nature of these new obligations.
While assets have grown, the organization experienced a decrease in total assets from $396,622 in 2022 to $360,596 in 2023.
Strengths
The organization consistently reports 0% compensation for its highest-paid employees, demonstrating a strong commitment to directing funds towards its mission.
Total assets have shown a general upward trend over the past several years, from $120,098 in 2018 to $360,596 in 2023, indicating financial growth.
Revenue has remained relatively stable over the past five years, demonstrating consistent donor support and program funding.
AI Transparency Report
Homesharing Program Of Somerset County Inc is a housing & shelter nonprofit based in Bridgewater, New Jersey, with reported revenue of $327K and assets of $296K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or extremely low-paid leadership, which is a positive for donor confidence. Revenue has grown +22% across 13 filing periods.