Revenue has been highly inconsistent, ranging from $3,039 in 2022 to $1,056,775 in 2023, making financial forecasting challenging.
The significant jump in revenue from $3,039 in 2022 to over $1 million in 2023 warrants further investigation into its source and sustainability.
Strengths
The organization maintains substantial assets, with $2,321,654 reported in 2023, indicating financial stability.
Consistently low liabilities (l0) and no reported credit card debt (c0%) across all years suggest sound financial management.
AI Transparency Report
Redeemer Lutheran Housing Inc is a philanthropy, voluntarism & grantmaking nonprofit based in Vineland, New Jersey, with reported revenue of $1.1M and assets of $2.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation cannot be assessed as no specific figures for salaries or compensation were provided in the available data. Revenue has declined -97% across 13 filing periods.