Is Saint Barnabas Realty Development Corporation Legit?
Quick charity verification for Saint Barnabas Realty Development Corporation (EIN: 222940008)
Verdict: Saint Barnabas Realty Development Corporation shows mixed signals
45/100Mission Score
$5.7MRevenue
$61.6MAssets
4Red Flags
1Strengths
Red Flags
Consistent 0% program service expenses suggest the entity does not directly engage in charitable programs, acting more as a support or holding company.
Total liabilities significantly outweigh total assets across all reported years, indicating a precarious financial position.
Net assets have been consistently negative, with a net deficit of over $56 million in 2023 ($52,437,238 assets - $108,590,201 liabilities).
Expenses consistently exceed revenue, leading to a net loss in most reported years (e.g., $6,581,105 expenses vs. $5,182,291 revenue in 2023).
Strengths
The organization has maintained operations for many years despite significant financial challenges, suggesting underlying support or strategic importance within a larger system.
AI Transparency Report
Saint Barnabas Realty Development Corporation is a health care nonprofit based in Oceanport, New Jersey, with reported revenue of $5.7M and assets of $61.6M. Our AI analysis assigns a Mission Score of 45/100 (Fair). Executive compensation cannot be assessed from the provided data, as the filings indicate 0% program service expenses and do not detail individual salaries. Revenue has grown +39% across 13 filing periods.