East Hanover Community Partnershipinc

East Hanover Community Partnershipinc reports significant operating deficit and zero assets in latest filing.

EIN: 205517351 · East Hanover, NJ · NTEE: S30 · Updated: 2026-03-28

$254KRevenue

$986KAssets

65/100Mission Score (Good)

S30

About East Hanover Community Partnershipinc

East Hanover Community Partnershipinc (EIN: 205517351) is a nonprofit organization based in East Hanover, NJ, classified under NTEE code S30. The organization reported total revenue of $254K and total assets of $986K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Hanover Community Partnershipinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

East Hanover Community Partnershipinc demonstrates a mixed financial picture. While the organization has historically maintained a healthy asset base, reaching a peak of $1,282,312 in 2021, the most recent filing for 202312 shows a concerning drop to $0 in reported assets and a significant operating deficit, with expenses of $416,491 far exceeding revenue of $249,122. This substantial loss and asset disappearance warrant further investigation.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses in the provided data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The lack of reported liabilities in the latest filing, despite the asset drop, also raises questions about the completeness of the financial picture.

Transparency appears to be a strong point regarding executive compensation, as no officer compensation has been reported. However, the dramatic change in reported assets from $1,249,600 in 2022 to $0 in 2023, coupled with a large deficit, indicates a potential lack of clarity or a significant event that is not immediately explained by the summary data. Donors would benefit from a more detailed explanation of these recent financial shifts.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates East Hanover Community Partnershipinc with a Mission Score of 65 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, East Hanover Community Partnershipinc 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 consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly favorable for donor trust and efficient use of funds.

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 East Hanover Community Partnershipinc's IRS 990 filings:

Reported assets dropped from $1,249,600 in 2022 to $0 in 2023, which is a significant and unexplained change.
The organization incurred a substantial operating deficit of $167,369 in 2023 (Expenses $416,491 vs. Revenue $249,122).
Inconsistent financial performance with periods of significant deficits (e.g., 2015, 2014, 2023) interspersed with surpluses.

Strengths

The following positive indicators were identified for East Hanover Community Partnershipinc:

Consistently reports 0% officer compensation, indicating no executive salaries are paid.
Maintained a significant asset base for several years prior to the 2023 filing, suggesting historical financial stability.
Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.

Frequently Asked Questions about East Hanover Community Partnershipinc

What caused the reported assets to drop from $1,249,600 in 2022 to $0 in 2023?

The provided data does not offer an explanation for this drastic change in reported assets. This would require reviewing the full IRS Form 990 for the 2023 period.

How does the organization plan to address the $167,369 operating deficit reported in 2023?

The filings show 2023 expenses of $416,491 against revenue of $249,122. The data does not specify the organization's strategy to cover this deficit or prevent future ones.

What is the breakdown of program, administrative, and fundraising expenses?

The summary data does not provide a detailed breakdown of how expenses are allocated across programs, administration, and fundraising. This information is crucial for assessing spending efficiency.

Filing History

IRS 990 filing history for East Hanover Community Partnershipinc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), East Hanover Community Partnershipinc's revenue has declined by 35.4%, moving from $386K to $249K. Total assets decreased by 100% over the same period, from $400K to $0. Total functional expenses rose by 54.3%, from $270K to $416K. In its most recent filing year (2023), East Hanover Community Partnershipinc reported a deficit of $167K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$249K	$416K	$0	$0	—	View 990
2022	$255K	$246K	$1.2M	$8K	—	View 990
2021	$275K	$155K	$1.3M	$49K	—	—
2020	$285K	$298K	$1.1M	$7K	—	View 990
2019	$300K	$121K	$1.1M	$5K	—	View 990
2018	$297K	$226K	$977K	$30K	—	View 990
2017	$289K	$54K	$880K	$5K	—	View 990
2016	$296K	$64K	$646K	$5K	—	View 990
2015	$387K	$619K	$464K	$54K	—	View 990
2014	$333K	$440K	$685K	$42K	—	View 990
2013	$344K	$92K	$855K	$106K	—	View 990
2012	$345K	$104K	$608K	$111K	—	View 990
2011	$386K	$270K	$400K	$144K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $249K, expenses of $416K, and assets of $0 (revenue -2.3% year-over-year).
2022: Revenue of $255K, expenses of $246K, and assets of $1.2M (revenue -7.4% year-over-year).
2021: Revenue of $275K, expenses of $155K, and assets of $1.3M (revenue -3.5% year-over-year).
2020: Revenue of $285K, expenses of $298K, and assets of $1.1M (revenue -4.9% year-over-year).
2019: Revenue of $300K, expenses of $121K, and assets of $1.1M (revenue +1.0% year-over-year).
2018: Revenue of $297K, expenses of $226K, and assets of $977K (revenue +2.9% year-over-year).
2017: Revenue of $289K, expenses of $54K, and assets of $880K (revenue -2.4% year-over-year).
2016: Revenue of $296K, expenses of $64K, and assets of $646K (revenue -23.7% year-over-year).
2015: Revenue of $387K, expenses of $619K, and assets of $464K (revenue +16.3% year-over-year).
2014: Revenue of $333K, expenses of $440K, and assets of $685K (revenue -3.3% year-over-year).
2013: Revenue of $344K, expenses of $92K, and assets of $855K (revenue -0.2% year-over-year).
2012: Revenue of $345K, expenses of $104K, and assets of $608K (revenue -10.5% year-over-year).
2011: Revenue of $386K, expenses of $270K, and assets of $400K.

Data Sources and Methodology

This transparency report for East Hanover Community Partnershipinc 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.