Caring Residential Services Ii Inc

Caring Residential Services Ii Inc consistently operates at a deficit, drawing down assets despite no officer compensation.

EIN: 141911330 · Atlantic City, NJ · NTEE: L22 · Updated: 2026-03-28

$309KRevenue

$4.7MAssets

60/100Mission Score (Good)

L22

About Caring Residential Services Ii Inc

Caring Residential Services Ii Inc (EIN: 141911330) is a nonprofit organization based in Atlantic City, NJ, classified under NTEE code L22. The organization reported total revenue of $309K and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Caring Residential Services Ii Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Caring Residential Services Ii Inc, operating in Atlantic City, NJ, demonstrates a consistent operational pattern with revenues generally in the low $300,000s and expenses typically exceeding revenue, leading to net losses in most recent periods. For instance, in 2023, the organization reported revenue of $322,587 against expenses of $524,450, indicating a significant deficit. This trend of expenses outpacing revenue has been observed across multiple years, suggesting a reliance on existing assets or other funding mechanisms to cover operational costs. The organization's assets have shown a gradual decline over the past decade, from $6,040,513 in 2014 to $5,142,011 in 2023, which aligns with the consistent operational deficits. 

The organization's spending efficiency is a concern given the recurring deficits. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the overall financial picture suggests that the current revenue streams are insufficient to cover expenses. The consistent reporting of 0% officer compensation across all available filings indicates a commitment to minimizing executive overhead, which is a positive sign for transparency and resource allocation. However, the sustained operational losses warrant closer examination of their funding model and expense structure to ensure long-term sustainability. 

In terms of transparency, the consistent filing of IRS Form 990s over 13 periods is commendable. The absence of officer compensation is a strong indicator of financial prudence at the executive level. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The declining asset base, coupled with persistent deficits, suggests a need for enhanced financial planning and potentially new revenue strategies to maintain its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Caring Residential Services Ii Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Caring Residential Services Ii Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a positive aspect, suggesting resources are not being diverted to high executive salaries, especially for an organization with revenues in the low $300,000s.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Caring Residential Services Ii Inc's IRS 990 filings:

Consistent operational deficits: Expenses have exceeded revenue in every reported year, leading to a net loss.
Declining asset base: Total assets have decreased from $6,040,513 in 2014 to $5,142,011 in 2023, indicating the organization is drawing down its reserves.
Potential long-term sustainability issues: The ongoing deficits without a clear strategy to reverse them pose a risk to the organization's future operations.

Strengths

The following positive indicators were identified for Caring Residential Services Ii Inc:

No officer compensation: A strong indicator of financial prudence and dedication to the mission, as no executive salaries are paid.
Consistent IRS 990 filings: Demonstrates a commitment to transparency and compliance by regularly submitting financial reports.
Stable revenue stream: While insufficient to cover expenses, revenue has remained relatively consistent in the low $300,000s over the past decade.

Frequently Asked Questions about Caring Residential Services Ii Inc

Is Caring Residential Services Ii Inc financially sustainable?

The organization has consistently reported expenses exceeding revenue for at least the past decade, leading to a decline in assets from $6,040,513 in 2014 to $5,142,011 in 2023. This trend raises concerns about its long-term financial sustainability without a change in its funding or expense model.

What is the primary cause of the organization's deficits?

While specific expense categories are not detailed, the consistent pattern of expenses (e.g., $524,450 in 2023) significantly exceeding revenue (e.g., $322,587 in 2023) is the primary cause. This suggests either insufficient revenue generation or high operational costs relative to its income.

How does the lack of officer compensation impact the organization?

The 0% officer compensation indicates that executive leadership is not drawing salaries from the organization, which is a positive for resource allocation and transparency. It suggests a dedication to the mission without personal financial gain from the organization's funds.

Filing History

IRS 990 filing history for Caring Residential Services Ii Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Caring Residential Services Ii Inc's revenue has declined by 75.6%, moving from $1.3M to $323K. Total assets decreased by 10.3% over the same period, from $5.7M to $5.1M. Total functional expenses rose by 261.5%, from $145K to $524K. In its most recent filing year (2023), Caring Residential Services Ii Inc reported a deficit of $202K, with expenses exceeding revenue. The organization holds $963K in liabilities against $5.1M in assets (debt-to-asset ratio: 18.7%), resulting in net assets of $4.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$323K	$524K	$5.1M	$963K	—	View 990
2022	$331K	$526K	$5.2M	$841K	—	View 990
2021	$327K	$481K	$5.3M	$728K	—	View 990
2020	$318K	$507K	$5.4M	$634K	—	View 990
2019	$319K	$453K	$5.5M	$532K	—	View 990
2018	$315K	$455K	$5.6M	$508K	—	View 990
2017	$314K	$438K	$5.7M	$513K	—	View 990
2016	$331K	$434K	$5.8M	$518K	—	View 990
2015	$332K	$423K	$5.9M	$530K	—	View 990
2014	$326K	$431K	$6.0M	$554K	—	View 990
2013	$325K	$432K	$6.1M	$486K	—	View 990
2012	$927K	$310K	$6.7M	$955K	—	View 990
2011	$1.3M	$145K	$5.7M	$761K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $323K, expenses of $524K, and assets of $5.1M (revenue -2.6% year-over-year).
2022: Revenue of $331K, expenses of $526K, and assets of $5.2M (revenue +1.3% year-over-year).
2021: Revenue of $327K, expenses of $481K, and assets of $5.3M (revenue +2.6% year-over-year).
2020: Revenue of $318K, expenses of $507K, and assets of $5.4M (revenue -0.2% year-over-year).
2019: Revenue of $319K, expenses of $453K, and assets of $5.5M (revenue +1.3% year-over-year).
2018: Revenue of $315K, expenses of $455K, and assets of $5.6M (revenue +0.4% year-over-year).
2017: Revenue of $314K, expenses of $438K, and assets of $5.7M (revenue -5.1% year-over-year).
2016: Revenue of $331K, expenses of $434K, and assets of $5.8M (revenue -0.4% year-over-year).
2015: Revenue of $332K, expenses of $423K, and assets of $5.9M (revenue +1.8% year-over-year).
2014: Revenue of $326K, expenses of $431K, and assets of $6.0M (revenue +0.4% year-over-year).
2013: Revenue of $325K, expenses of $432K, and assets of $6.1M (revenue -65.0% year-over-year).
2012: Revenue of $927K, expenses of $310K, and assets of $6.7M (revenue -29.9% year-over-year).
2011: Revenue of $1.3M, expenses of $145K, and assets of $5.7M.

Data Sources and Methodology

This transparency report for Caring Residential Services Ii Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.