Englewood Healthcare Properties
Englewood Healthcare Properties: Strong Asset Growth, Limited Program Spending
EIN: 222943092 · Englewood, NJ · NTEE: E22I · Updated: 2026-04-04
About Englewood Healthcare Properties
Englewood Healthcare Properties (EIN: 222943092) is a nonprofit organization based in Englewood, NJ, classified under NTEE code E22I. The organization reported total revenue of $1.3M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Englewood Healthcare Properties's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Englewood Healthcare Properties with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 53%
- programs: 0%
- fundraising: 47%
According to IRS 990 filings, Englewood Healthcare Properties allocates its expenses as follows: admin: 53%, programs: 0%, fundraising: 47%.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for key personnel.
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 Englewood Healthcare Properties's IRS 990 filings:
- 0% program service expenses reported across all available years, raising questions about direct charitable impact.
- Significant asset growth (e.g., from $2,860,914 in 2016 to $8,125,051 in 2023) without corresponding program spending.
- High administrative and fundraising costs relative to total expenses, with 53% for admin and 47% for fundraising in 2023.
Strengths
The following positive indicators were identified for Englewood Healthcare Properties:
- Consistent revenue generation over the years, with 2023 revenue at $1,221,345.
- Healthy asset base, growing from $2,860,914 in 2016 to $8,125,051 in 2023.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Englewood Healthcare Properties
What does Englewood Healthcare Properties do?
Englewood Healthcare Properties is a nonprofit organization in the Health Care sector, located in Englewood, New Jersey. It is classified under NTEE code E22I.
How much revenue does Englewood Healthcare Properties have?
Englewood Healthcare Properties reported total revenue of $1,251,231. Based on 13 IRS 990 filings on record.
What are Englewood Healthcare Properties's total assets?
Englewood Healthcare Properties holds total assets of $7,399,480 as reported in IRS 990 filings.
Where is Englewood Healthcare Properties located?
Englewood Healthcare Properties is based in Englewood, New Jersey.
What is Englewood Healthcare Properties's EIN?
Englewood Healthcare Properties's Employer Identification Number (EIN) is 222943092. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Englewood Healthcare Properties?
Englewood Healthcare Properties is classified under NTEE code E22I (Health Care).
Is Englewood Healthcare Properties a registered 501(c)(3)?
Yes, Englewood Healthcare Properties is recognized as a tax-exempt organization by the IRS. EIN: 222943092.
Does Englewood Healthcare Properties file IRS Form 990?
Yes, Englewood Healthcare Properties has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Englewood Healthcare Properties's revenue in 2023?
In the 202312 filing period, Englewood Healthcare Properties reported total revenue of $1,221,345, total expenses of $657,665, and net assets of $8,125,051.
Is Englewood Healthcare Properties's revenue growing or declining?
Englewood Healthcare Properties's revenue is relatively stable. Revenue went from $1,210,185 (202212) to $1,221,345 (202312), a +0.9% change. Based on 13 filings on record.
What is Englewood Healthcare Properties's most recent 990 filing?
The most recent IRS Form 990 filing for Englewood Healthcare Properties covers tax period 202312. It shows revenue of $1,221,345, expenses of $657,665, total assets of $8,125,051, and liabilities of $4,101,796.
Is Englewood Healthcare Properties a trustworthy charity?
Based on AI analysis of IRS 990 data, Englewood Healthcare Properties shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 3 strengths noted.
What are the red flags for Englewood Healthcare Properties?
The following concerns were identified: 0% program service expenses reported across all available years, raising questions about direct charitable impact.. Significant asset growth (e.g., from $2,860,914 in 2016 to $8,125,051 in 2023) without corresponding program spending.. High administrative and fundraising costs relative to total expenses, with 53% for admin and 47% for fundraising in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Englewood Healthcare Properties's strengths?
Positive indicators for Englewood Healthcare Properties include: Consistent revenue generation over the years, with 2023 revenue at $1,221,345.. Healthy asset base, growing from $2,860,914 in 2016 to $8,125,051 in 2023.. Low liabilities relative to assets, indicating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Englewood Healthcare Properties compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for key personnel. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the primary charitable purpose or activity of Englewood Healthcare Properties, and how does it fulfill its mission without direct program spending?
The data suggests the organization primarily functions as a property holding entity, potentially supporting healthcare facilities through real estate. However, without direct program expenses, its charitable impact is indirect and not clearly defined by the provided financial filings.
How does the substantial growth in assets, from $2,860,914 in 2016 to $8,125,051 in 2023, align with the organization's nonprofit status and mission, especially in the absence of direct program expenditures?
The asset growth indicates successful financial management and investment in real estate. For a nonprofit, this growth should ideally support or expand its charitable activities. However, the lack of program spending suggests these assets are not directly deployed for charitable services, raising questions about the ultimate beneficiaries of this growth.
Filing History
IRS 990 filing history for Englewood Healthcare Properties showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Englewood Healthcare Properties's revenue has grown by 199.5%, moving from $408K to $1.2M. Total assets increased by 2047.8% over the same period, from $378K to $8.1M. Total functional expenses rose by 54.8%, from $425K to $658K. In its most recent filing year (2023), Englewood Healthcare Properties reported a surplus of $564K, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $8.1M in assets (debt-to-asset ratio: 50.5%), resulting in net assets of $4.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $658K | $8.1M | $4.1M | — | — |
| 2022 | $1.2M | $654K | $8.1M | $4.6M | — | View 990 |
| 2021 | $1.2M | $676K | $8.2M | $5.3M | — | View 990 |
| 2020 | $1.1M | $576K | $8.4M | $6.0M | — | View 990 |
| 2019 | $877K | $532K | $7.3M | $7.1M | — | View 990 |
| 2018 | $966K | $510K | $6.4M | $6.7M | — | View 990 |
| 2017 | $758K | $447K | $5.5M | $6.2M | — | View 990 |
| 2016 | $488K | $293K | $2.9M | $3.9M | — | View 990 |
| 2015 | $411K | $290K | $3.0M | $4.3M | — | View 990 |
| 2014 | $230K | $230K | $320K | $1.7M | — | View 990 |
| 2013 | $443K | $478K | $328K | $1.7M | — | View 990 |
| 2012 | $412K | $403K | $383K | $1.7M | — | View 990 |
| 2011 | $408K | $425K | $378K | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $658K, and assets of $8.1M (revenue +0.9% year-over-year).
- 2022: Revenue of $1.2M, expenses of $654K, and assets of $8.1M (revenue -2.4% year-over-year).
- 2021: Revenue of $1.2M, expenses of $676K, and assets of $8.2M (revenue +17.6% year-over-year).
- 2020: Revenue of $1.1M, expenses of $576K, and assets of $8.4M (revenue +20.2% year-over-year).
- 2019: Revenue of $877K, expenses of $532K, and assets of $7.3M (revenue -9.2% year-over-year).
- 2018: Revenue of $966K, expenses of $510K, and assets of $6.4M (revenue +27.5% year-over-year).
- 2017: Revenue of $758K, expenses of $447K, and assets of $5.5M (revenue +55.3% year-over-year).
- 2016: Revenue of $488K, expenses of $293K, and assets of $2.9M (revenue +18.8% year-over-year).
- 2015: Revenue of $411K, expenses of $290K, and assets of $3.0M (revenue +78.6% year-over-year).
- 2014: Revenue of $230K, expenses of $230K, and assets of $320K (revenue -48.1% year-over-year).
- 2013: Revenue of $443K, expenses of $478K, and assets of $328K (revenue +7.4% year-over-year).
- 2012: Revenue of $412K, expenses of $403K, and assets of $383K (revenue +1.1% year-over-year).
- 2011: Revenue of $408K, expenses of $425K, and assets of $378K.
Data Sources and Methodology
This transparency report for Englewood Healthcare Properties 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.