Cheshire Home Inc
Cheshire Home Inc: Consistent Revenue, High Program Spending, and Strong Financial Health
EIN: 221936587 · Florham Park, NJ · NTEE: P730 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $11.3M |
| Program Spending | 85% |
| Net Assets | $3.1M |
| Transparency Score | 85/100 |
Is Cheshire Home Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cheshire Home Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cheshire Home Inc
Cheshire Home Inc (EIN: 221936587) is a nonprofit organization based in Florham Park, NJ, classified under NTEE code P730. The organization reported total revenue of $12.8M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cheshire Home Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cheshire Home Inc is a large nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.6M |
| Total Expenses | $11.3M |
| Surplus / Deficit | $-708,292 |
| Total Assets | $5.6M |
| Total Liabilities | $2.5M |
| Net Assets | $3.1M |
| Operating Margin | -6.7% |
| Debt-to-Asset Ratio | 44.1% |
| Months of Reserves | 6.0 months |
Financial Health Grade: B
In 2023, Cheshire Home Inc reported a deficit of $708K with expenses exceeding revenue, holds 6.0 months of operating reserves (strong position), has a debt-to-asset ratio of 44.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cheshire Home Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +12.8% | +15.1% |
| 2022 | -1.5% | +3.0% | -9.5% |
| 2021 | +10.9% | +6.7% | -11.6% |
| 2020 | +7.4% | +6.7% | +28.4% |
| 2019 | +6.9% | +2.2% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 Cheshire Home Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Cheshire Home Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $708K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% for compensation to officers, directors, trustees, and key employees, suggesting no reportable compensation from the organization itself.
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 Cheshire Home Inc:
- Consistently high program spending, indicating a strong focus on its mission.
- Healthy asset base, with total assets of $6,132,349 in 2023, providing financial stability.
- Positive net assets over the years, demonstrating good financial management.
- Consistent revenue generation, with $12,795,266 in 2023, showing stable operations.
Frequently Asked Questions about Cheshire Home Inc
Is Cheshire Home Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cheshire Home Inc (EIN: 221936587) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Cheshire Home Inc spend its money?
Cheshire Home Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cheshire Home Inc tax-deductible?
Cheshire Home Inc is registered as a tax-exempt nonprofit (EIN: 221936587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cheshire Home Inc's spending goes to programs?
Cheshire Home Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cheshire Home Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cheshire Home Inc is above average for NTEE category P730 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cheshire Home Inc located?
Cheshire Home Inc is headquartered in Florham Park, New Jersey and files with the IRS under EIN 221936587. It is classified under NTEE code P730.
How many years of IRS 990 filings does Cheshire Home Inc have?
Cheshire Home Inc 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 $12.8M in total revenue.
What does Cheshire Home Inc do?
Cheshire Home Inc is a nonprofit organization in the Human Services sector, located in Florham Park, New Jersey. It is classified under NTEE code P730.
How much revenue does Cheshire Home Inc have?
Cheshire Home Inc reported total revenue of $12,795,266. Based on 13 IRS 990 filings on record.
What are Cheshire Home Inc's total assets?
Cheshire Home Inc holds total assets of $6,132,349 as reported in IRS 990 filings.
Where is Cheshire Home Inc located?
Cheshire Home Inc is based in Florham Park, New Jersey.
What is Cheshire Home Inc's EIN?
Cheshire Home Inc's Employer Identification Number (EIN) is 221936587. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cheshire Home Inc?
Cheshire Home Inc is classified under NTEE code P730 (Human Services).
Is Cheshire Home Inc a registered 501(c)(3)?
Yes, Cheshire Home Inc is recognized as a tax-exempt organization by the IRS. EIN: 221936587.
Does Cheshire Home Inc file IRS Form 990?
Yes, Cheshire Home Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cheshire Home Inc's revenue in 2023?
In the 202312 filing period, Cheshire Home Inc reported total revenue of $10,610,050, total expenses of $11,318,342, and net assets of $5,631,602.
Is Cheshire Home Inc's revenue growing or declining?
Cheshire Home Inc's revenue is growing. Revenue went from $9,810,275 (202212) to $10,610,050 (202312), a +8.2% change. Based on 13 filings on record.
What is Cheshire Home Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cheshire Home Inc covers tax period 202312. It shows revenue of $10,610,050, expenses of $11,318,342, total assets of $5,631,602, and liabilities of $2,485,688.
How much does Cheshire Home Inc spend on programs vs administration?
Based on IRS 990 analysis, Cheshire Home Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Cheshire Home Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cheshire Home Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Cheshire Home Inc's strengths?
Positive indicators for Cheshire Home Inc include: Consistently high program spending, indicating a strong focus on its mission.. Healthy asset base, with total assets of $6,132,349 in 2023, providing financial stability.. Positive net assets over the years, demonstrating good financial management.. Consistent revenue generation, with $12,795,266 in 2023, showing stable operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Cheshire Home Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0% for compensation to officers, directors, trustees, and key employees, suggesting no reportable compensation from the organization itself. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% reported compensation for key personnel, how does Cheshire Home Inc attract and retain its leadership?
The consistent reporting of 0% compensation for officers, directors, trustees, and key employees suggests that leadership may be volunteer-based, compensated through other means not reported on the 990 (e.g., through a related but separate entity), or that the organization's structure minimizes direct compensation to these roles, potentially relying on a dedicated mission-driven team.
Filing History
IRS 990 filing history for Cheshire Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cheshire Home Inc's revenue has grown by 52.4%, moving from $7.0M to $10.6M. Total assets decreased by 6.5% over the same period, from $6.0M to $5.6M. Total functional expenses rose by 62.7%, from $7.0M to $11.3M. In its most recent filing year (2023), Cheshire Home Inc reported a deficit of $708K, with expenses exceeding revenue. The organization holds $2.5M in liabilities against $5.6M in assets (debt-to-asset ratio: 44.1%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.6M | $11.3M | $5.6M | $2.5M | — | — |
| 2022 | $9.8M | $10.0M | $4.9M | $1.1M | — | View 990 |
| 2021 | $10.0M | $9.7M | $5.4M | $1.2M | — | View 990 |
| 2020 | $9.0M | $9.1M | $6.1M | $2.3M | — | View 990 |
| 2019 | $8.4M | $8.6M | $4.8M | $983K | — | View 990 |
| 2018 | $7.8M | $8.4M | $4.7M | $1.0M | — | View 990 |
| 2017 | $8.0M | $8.2M | $6.2M | $1.3M | — | View 990 |
| 2016 | $8.2M | $8.0M | $6.2M | $1.3M | — | View 990 |
| 2015 | $8.0M | $8.0M | $5.8M | $1.1M | — | View 990 |
| 2014 | $7.4M | $7.5M | $5.9M | $1.1M | — | View 990 |
| 2013 | $7.3M | $7.5M | $6.1M | $1.2M | — | View 990 |
| 2012 | $7.1M | $7.4M | $6.0M | $1.3M | — | View 990 |
| 2011 | $7.0M | $7.0M | $6.0M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.6M, expenses of $11.3M, and assets of $5.6M (revenue +8.2% year-over-year).
- 2022: Revenue of $9.8M, expenses of $10.0M, and assets of $4.9M (revenue -1.5% year-over-year).
- 2021: Revenue of $10.0M, expenses of $9.7M, and assets of $5.4M (revenue +10.9% year-over-year).
- 2020: Revenue of $9.0M, expenses of $9.1M, and assets of $6.1M (revenue +7.4% year-over-year).
- 2019: Revenue of $8.4M, expenses of $8.6M, and assets of $4.8M (revenue +6.9% year-over-year).
- 2018: Revenue of $7.8M, expenses of $8.4M, and assets of $4.7M (revenue -2.2% year-over-year).
- 2017: Revenue of $8.0M, expenses of $8.2M, and assets of $6.2M (revenue -2.3% year-over-year).
- 2016: Revenue of $8.2M, expenses of $8.0M, and assets of $6.2M (revenue +2.8% year-over-year).
- 2015: Revenue of $8.0M, expenses of $8.0M, and assets of $5.8M (revenue +7.5% year-over-year).
- 2014: Revenue of $7.4M, expenses of $7.5M, and assets of $5.9M (revenue +1.6% year-over-year).
- 2013: Revenue of $7.3M, expenses of $7.5M, and assets of $6.1M (revenue +2.7% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.4M, and assets of $6.0M (revenue +1.8% year-over-year).
- 2011: Revenue of $7.0M, expenses of $7.0M, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cheshire Home Inc:
Data Sources and Methodology
This transparency report for Cheshire Home 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.