Chofetz Chaim Heritage Of Lakewood Inc
Chofetz Chaim Heritage Of Lakewood Inc maintains stable operations with fluctuating assets and consistent liabilities, reporting no officer compensation.
EIN: 201494454 · Lakewood, NJ · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $924K |
| Program Spending | 80% |
| Net Assets | $-69,362 |
| Transparency Score | 70/100 |
Is Chofetz Chaim Heritage Of Lakewood Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chofetz Chaim Heritage Of Lakewood Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chofetz Chaim Heritage Of Lakewood Inc
Chofetz Chaim Heritage Of Lakewood Inc (EIN: 201494454) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code X30. The organization reported total revenue of $1.3M and total assets of $84K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chofetz Chaim Heritage Of Lakewood Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chofetz Chaim Heritage Of Lakewood Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $890K |
| Total Expenses | $924K |
| Surplus / Deficit | $-34,521 |
| Total Assets | $50K |
| Total Liabilities | $119K |
| Net Assets | $-69,362 |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 238.6% |
| Months of Reserves | 0.6 months |
Financial Health Grade: D
In 2023, Chofetz Chaim Heritage Of Lakewood Inc reported a deficit of $35K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 238.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chofetz Chaim Heritage Of Lakewood Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +24.8% | -48.2% |
| 2022 | +16.2% | +21.5% | +45.6% |
| 2021 | +11.4% | -18.0% | — |
| 2020 | -23.5% | -11.5% | — |
| 2019 | -13.7% | -3.9% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Chofetz Chaim Heritage Of Lakewood Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chofetz Chaim Heritage Of Lakewood Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 238.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to officers, directors, or trustees, which is highly unusual for an organization of this size and operational history.
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 Chofetz Chaim Heritage Of Lakewood Inc's IRS 990 filings:
- Liabilities consistently exceed assets, indicating potential financial strain or reliance on short-term funding (e.g., 2023: $119,403 liabilities vs. $50,041 assets).
- Consistent reporting of 0% officer compensation, which is unusual for an organization with over $800,000 in annual revenue, raising questions about leadership compensation structure.
Strengths
The following positive indicators were identified for Chofetz Chaim Heritage Of Lakewood Inc:
- Consistent revenue generation over a decade, demonstrating stable fundraising and operational capacity (e.g., $889,906 in 2023, $788,699 in 2022).
- Long history of IRS 990 filings (13 filings), indicating a commitment to regulatory compliance and transparency.
- Operational expenses generally align with or are slightly below revenues in most years, suggesting prudent financial management (e.g., 2022: $788,699 revenue vs. $740,646 expenses).
Frequently Asked Questions about Chofetz Chaim Heritage Of Lakewood Inc
Is Chofetz Chaim Heritage Of Lakewood Inc a legitimate charity?
Chofetz Chaim Heritage Of Lakewood Inc (EIN: 201494454) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 3 strengths noted. Financial health grade: D.
How does Chofetz Chaim Heritage Of Lakewood Inc spend its money?
Chofetz Chaim Heritage Of Lakewood Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chofetz Chaim Heritage Of Lakewood Inc tax-deductible?
Chofetz Chaim Heritage Of Lakewood Inc is registered as a tax-exempt nonprofit (EIN: 201494454). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chofetz Chaim Heritage Of Lakewood Inc's spending goes to programs?
Chofetz Chaim Heritage Of Lakewood Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chofetz Chaim Heritage Of Lakewood Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Chofetz Chaim Heritage Of Lakewood Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chofetz Chaim Heritage Of Lakewood Inc located?
Chofetz Chaim Heritage Of Lakewood Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 201494454. It is classified under NTEE code X30.
How many years of IRS 990 filings does Chofetz Chaim Heritage Of Lakewood Inc have?
Chofetz Chaim Heritage Of Lakewood 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 $1.3M in total revenue.
How does Chofetz Chaim Heritage Of Lakewood Inc manage its liabilities, which often exceed its assets?
The organization's liabilities have frequently exceeded its assets, for example, $119,403 in liabilities versus $50,041 in assets in 2023. This suggests a reliance on short-term financing or deferred revenue, which warrants further investigation into the nature of these liabilities and the organization's strategy for managing them.
What are the specific program activities funded by Chofetz Chaim Heritage Of Lakewood Inc?
While the NTEE code X30 indicates a religious organization, the provided data does not detail specific program activities. A review of the full IRS 990, Part III (Statement of Program Service Accomplishments), would be necessary to understand the nature and scope of their programs.
Given the zero officer compensation, how are the organization's leadership roles compensated or structured?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based, compensated through other means not reported as officer compensation, or that the organization operates with a unique governance structure. This is a significant point for understanding operational costs and leadership commitment.
Filing History
IRS 990 filing history for Chofetz Chaim Heritage Of Lakewood Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chofetz Chaim Heritage Of Lakewood Inc's revenue has grown by 77.7%, moving from $501K to $890K. Total assets increased by 20077.8% over the same period, from $248 to $50K. Total functional expenses rose by 89%, from $489K to $924K. In its most recent filing year (2023), Chofetz Chaim Heritage Of Lakewood Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $119K in liabilities against $50K in assets (debt-to-asset ratio: 238.6%), resulting in net assets of $-69,362.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $890K | $924K | $50K | $119K | — | — |
| 2022 | $789K | $741K | $97K | $131K | — | View 990 |
| 2021 | $679K | $610K | $66K | $149K | — | View 990 |
| 2020 | $609K | $744K | $0 | $152K | — | View 990 |
| 2019 | $796K | $840K | $0 | $18K | — | View 990 |
| 2018 | $923K | $874K | $49K | $24K | — | View 990 |
| 2017 | $785K | $801K | $0 | $24K | — | View 990 |
| 2016 | $809K | $821K | $8K | $16K | — | View 990 |
| 2015 | $826K | $802K | $10K | $7K | — | View 990 |
| 2014 | $699K | $698K | $0 | $21K | — | View 990 |
| 2013 | $616K | $634K | $37 | $22K | — | View 990 |
| 2012 | $493K | $493K | $4K | $7K | — | View 990 |
| 2011 | $501K | $489K | $248 | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $890K, expenses of $924K, and assets of $50K (revenue +12.8% year-over-year).
- 2022: Revenue of $789K, expenses of $741K, and assets of $97K (revenue +16.2% year-over-year).
- 2021: Revenue of $679K, expenses of $610K, and assets of $66K (revenue +11.4% year-over-year).
- 2020: Revenue of $609K, expenses of $744K, and assets of $0 (revenue -23.5% year-over-year).
- 2019: Revenue of $796K, expenses of $840K, and assets of $0 (revenue -13.7% year-over-year).
- 2018: Revenue of $923K, expenses of $874K, and assets of $49K (revenue +17.6% year-over-year).
- 2017: Revenue of $785K, expenses of $801K, and assets of $0 (revenue -2.9% year-over-year).
- 2016: Revenue of $809K, expenses of $821K, and assets of $8K (revenue -2.1% year-over-year).
- 2015: Revenue of $826K, expenses of $802K, and assets of $10K (revenue +18.2% year-over-year).
- 2014: Revenue of $699K, expenses of $698K, and assets of $0 (revenue +13.5% year-over-year).
- 2013: Revenue of $616K, expenses of $634K, and assets of $37 (revenue +24.9% year-over-year).
- 2012: Revenue of $493K, expenses of $493K, and assets of $4K (revenue -1.5% year-over-year).
- 2011: Revenue of $501K, expenses of $489K, and assets of $248.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chofetz Chaim Heritage Of Lakewood Inc:
Data Sources and Methodology
This transparency report for Chofetz Chaim Heritage Of Lakewood 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.