Central Jersey Housing Resource Center Corp
Central Jersey Housing Resource Center Corp: Stable Finances, High Program Spending
EIN: 222928661 · Somerville, NJ · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $759K |
| Total Expenses | $707K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $707,421 |
| Net Assets | $531K |
| Transparency Score | 85/100 |
Is Central Jersey Housing Resource Center Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Jersey Housing Resource Center Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Jersey Housing Resource Center Corp
Central Jersey Housing Resource Center Corp (EIN: 222928661) is a nonprofit organization based in Somerville, NJ, classified under NTEE code L20Z. The organization reported total revenue of $759K and total assets of $610K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Jersey Housing Resource Center Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Jersey Housing Resource Center Corp is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $740K |
| Total Expenses | $707K |
| Surplus / Deficit | +$33K |
| Total Assets | $616K |
| Total Liabilities | $85K |
| Net Assets | $531K |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 13.9% |
| Months of Reserves | 10.5 months |
Financial Health Grade: A
In 2023, Central Jersey Housing Resource Center Corp reported a surplus of $33K with revenue exceeding expenses, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 13.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Jersey Housing Resource Center Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | -5.5% | -5.6% |
| 2022 | +19.2% | +20.7% | +11.7% |
| 2021 | -3.5% | +4.6% | +14.5% |
| 2020 | +11.7% | +2.5% | +13.0% |
| 2019 | +1.3% | +2.5% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Jersey Housing Resource Center Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Central Jersey Housing Resource Center Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the organization's total expenses of $707,421 in 2023 suggest a lean operational structure.
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.
Strengths
The following positive indicators were identified for Central Jersey Housing Resource Center Corp:
- Consistently high program spending, with 90% of expenses dedicated to programs in 2023.
- Healthy asset base of $610,260 in 2023, exceeding liabilities.
- Stable revenue generation over the past several years, indicating consistent support.
Frequently Asked Questions about Central Jersey Housing Resource Center Corp
Is Central Jersey Housing Resource Center Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Jersey Housing Resource Center Corp (EIN: 222928661) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Central Jersey Housing Resource Center Corp spend its money?
Central Jersey Housing Resource Center Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Jersey Housing Resource Center Corp tax-deductible?
Central Jersey Housing Resource Center Corp is registered as a tax-exempt nonprofit (EIN: 222928661). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Jersey Housing Resource Center Corp CEO make?
Central Jersey Housing Resource Center Corp's highest-compensated officer earns $707,421 annually. The organization reported $759K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Central Jersey Housing Resource Center Corp's spending goes to programs?
Central Jersey Housing Resource Center Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Central Jersey Housing Resource Center Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Central Jersey Housing Resource Center Corp is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Jersey Housing Resource Center Corp located?
Central Jersey Housing Resource Center Corp is headquartered in Somerville, New Jersey and files with the IRS under EIN 222928661. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Central Jersey Housing Resource Center Corp have?
Central Jersey Housing Resource Center Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $759K in total revenue.
What does Central Jersey Housing Resource Center Corp do?
Central Jersey Housing Resource Center Corp is a nonprofit organization in the Housing & Shelter sector, located in Somerville, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Central Jersey Housing Resource Center Corp have?
Central Jersey Housing Resource Center Corp reported total revenue of $759,006. Based on 13 IRS 990 filings on record.
What are Central Jersey Housing Resource Center Corp's total assets?
Central Jersey Housing Resource Center Corp holds total assets of $610,260 as reported in IRS 990 filings.
Where is Central Jersey Housing Resource Center Corp located?
Central Jersey Housing Resource Center Corp is based in Somerville, New Jersey.
What is Central Jersey Housing Resource Center Corp's EIN?
Central Jersey Housing Resource Center Corp's Employer Identification Number (EIN) is 222928661. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Central Jersey Housing Resource Center Corp?
Central Jersey Housing Resource Center Corp is classified under NTEE code L20Z (Housing & Shelter).
Is Central Jersey Housing Resource Center Corp a registered 501(c)(3)?
Yes, Central Jersey Housing Resource Center Corp is recognized as a tax-exempt organization by the IRS. EIN: 222928661.
Does Central Jersey Housing Resource Center Corp file IRS Form 990?
Yes, Central Jersey Housing Resource Center Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Central Jersey Housing Resource Center Corp's revenue in 2023?
In the 202312 filing period, Central Jersey Housing Resource Center Corp reported total revenue of $740,083, total expenses of $707,421, and net assets of $616,288.
Is Central Jersey Housing Resource Center Corp's revenue growing or declining?
Central Jersey Housing Resource Center Corp's revenue is relatively stable. Revenue went from $750,486 (202212) to $740,083 (202312), a -1.4% change. Based on 13 filings on record.
What is Central Jersey Housing Resource Center Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Central Jersey Housing Resource Center Corp covers tax period 202312. It shows revenue of $740,083, expenses of $707,421, total assets of $616,288, and liabilities of $85,462.
How much does Central Jersey Housing Resource Center Corp spend on programs vs administration?
Based on IRS 990 analysis, Central Jersey Housing Resource Center Corp allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Central Jersey Housing Resource Center Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Central Jersey Housing Resource Center Corp appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Central Jersey Housing Resource Center Corp's strengths?
Positive indicators for Central Jersey Housing Resource Center Corp include: Consistently high program spending, with 90% of expenses dedicated to programs in 2023.. Healthy asset base of $610,260 in 2023, exceeding liabilities.. Stable revenue generation over the past several years, indicating consistent support.. These findings are derived from AI analysis of the organization's financial filings.
How does Central Jersey Housing Resource Center Corp compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the organization's total expenses of $707,421 in 2023 suggest a lean operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization manage to maintain such a high percentage of program spending?
The organization likely achieves this through efficient operational management, a strong volunteer base, or by leveraging partnerships that reduce administrative overhead, as evidenced by the low administrative and fundraising percentages.
Filing History
IRS 990 filing history for Central Jersey Housing Resource Center Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Jersey Housing Resource Center Corp's revenue has grown by 17.4%, moving from $630K to $740K. Total assets increased by 97.1% over the same period, from $313K to $616K. Total functional expenses rose by 12.2%, from $630K to $707K. In its most recent filing year (2023), Central Jersey Housing Resource Center Corp reported a surplus of $33K, with revenue exceeding expenses. The organization holds $85K in liabilities against $616K in assets (debt-to-asset ratio: 13.9%), resulting in net assets of $531K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $740K | $707K | $616K | $85K | — | View 990 |
| 2022 | $750K | $748K | $653K | $155K | — | View 990 |
| 2021 | $629K | $620K | $585K | $89K | — | View 990 |
| 2020 | $652K | $593K | $510K | $24K | — | View 990 |
| 2019 | $584K | $578K | $452K | $24K | — | View 990 |
| 2018 | $576K | $565K | $454K | $32K | — | View 990 |
| 2017 | $576K | $520K | $453K | $42K | — | View 990 |
| 2016 | $576K | $540K | $376K | $22K | — | View 990 |
| 2015 | $588K | $573K | $338K | $19K | — | View 990 |
| 2014 | $562K | $558K | $325K | $22K | — | View 990 |
| 2013 | $591K | $565K | $341K | $41K | — | View 990 |
| 2012 | $567K | $585K | $319K | $44K | — | View 990 |
| 2011 | $630K | $630K | $313K | $20K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $740K, expenses of $707K, and assets of $616K (revenue -1.4% year-over-year).
- 2022: Revenue of $750K, expenses of $748K, and assets of $653K (revenue +19.2% year-over-year).
- 2021: Revenue of $629K, expenses of $620K, and assets of $585K (revenue -3.5% year-over-year).
- 2020: Revenue of $652K, expenses of $593K, and assets of $510K (revenue +11.7% year-over-year).
- 2019: Revenue of $584K, expenses of $578K, and assets of $452K (revenue +1.3% year-over-year).
- 2018: Revenue of $576K, expenses of $565K, and assets of $454K (revenue +0.0% year-over-year).
- 2017: Revenue of $576K, expenses of $520K, and assets of $453K (revenue +0.1% year-over-year).
- 2016: Revenue of $576K, expenses of $540K, and assets of $376K (revenue -2.1% year-over-year).
- 2015: Revenue of $588K, expenses of $573K, and assets of $338K (revenue +4.7% year-over-year).
- 2014: Revenue of $562K, expenses of $558K, and assets of $325K (revenue -4.9% year-over-year).
- 2013: Revenue of $591K, expenses of $565K, and assets of $341K (revenue +4.2% year-over-year).
- 2012: Revenue of $567K, expenses of $585K, and assets of $319K (revenue -10.0% year-over-year).
- 2011: Revenue of $630K, expenses of $630K, and assets of $313K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Jersey Housing Resource Center Corp:
Data Sources and Methodology
This transparency report for Central Jersey Housing Resource Center Corp 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.