Francis E Parker Memorial Home
Francis E Parker Memorial Home: Stable Operations Amidst Significant Asset Fluctuations
EIN: 221589209 · Piscataway, NJ · NTEE: E910 · Updated: 2026-04-04
Is Francis E Parker Memorial Home Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Francis E Parker Memorial Home directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Francis E Parker Memorial Home
Francis E Parker Memorial Home (EIN: 221589209) is a nonprofit organization based in Piscataway, NJ, classified under NTEE code E910. The organization reported total revenue of $12.1M and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Francis E Parker Memorial Home'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 Francis E Parker Memorial Home with a Mission Score of 75 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, Francis E Parker Memorial Home 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.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures from the organization's Form 990 filings.
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 Francis E Parker Memorial Home's IRS 990 filings:
- Significant asset fluctuations observed, with assets dropping from $1.57 billion in 2017 to $14.2 million in 2023, warranting further investigation into the nature of these assets and the reasons for such a dramatic change.
- Expenses consistently exceed revenue in recent years (e.g., 2023 revenue $9.8M vs. expenses $31.3M), indicating reliance on other funding sources or asset drawdowns.
Strengths
The following positive indicators were identified for Francis E Parker Memorial Home:
- Consistent revenue generation over the past five years, averaging around $8-9 million annually (excluding 2017-2018 anomalies).
- Long-standing presence and operations in Piscataway, NJ, suggesting established community trust and service delivery.
Frequently Asked Questions about Francis E Parker Memorial Home
Is Francis E Parker Memorial Home a legitimate charity?
Based on AI analysis of IRS 990 filings, Francis E Parker Memorial Home (EIN: 221589209) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Francis E Parker Memorial Home spend its money?
Francis E Parker Memorial Home directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Francis E Parker Memorial Home tax-deductible?
Francis E Parker Memorial Home is registered as a tax-exempt nonprofit (EIN: 221589209). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Francis E Parker Memorial Home do?
Francis E Parker Memorial Home is a nonprofit organization in the Health Care sector, located in Piscataway, New Jersey. It is classified under NTEE code E910.
How much revenue does Francis E Parker Memorial Home have?
Francis E Parker Memorial Home reported total revenue of $12,086,749. Based on 13 IRS 990 filings on record.
What are Francis E Parker Memorial Home's total assets?
Francis E Parker Memorial Home holds total assets of $14,245,324 as reported in IRS 990 filings.
Where is Francis E Parker Memorial Home located?
Francis E Parker Memorial Home is based in Piscataway, New Jersey.
What is Francis E Parker Memorial Home's EIN?
Francis E Parker Memorial Home's Employer Identification Number (EIN) is 221589209. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Francis E Parker Memorial Home?
Francis E Parker Memorial Home is classified under NTEE code E910 (Health Care).
Is Francis E Parker Memorial Home a registered 501(c)(3)?
Yes, Francis E Parker Memorial Home is recognized as a tax-exempt organization by the IRS. EIN: 221589209.
Does Francis E Parker Memorial Home file IRS Form 990?
Yes, Francis E Parker Memorial Home has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Francis E Parker Memorial Home's revenue in 2023?
In the 202312 filing period, Francis E Parker Memorial Home reported total revenue of $9,825,188, total expenses of $31,350,142, and net assets of $12,850,345.
Is Francis E Parker Memorial Home's revenue growing or declining?
Francis E Parker Memorial Home's revenue is relatively stable. Revenue went from $9,392,906 (202212) to $9,825,188 (202312), a +4.6% change. Based on 13 filings on record.
What is Francis E Parker Memorial Home's most recent 990 filing?
The most recent IRS Form 990 filing for Francis E Parker Memorial Home covers tax period 202312. It shows revenue of $9,825,188, expenses of $31,350,142, total assets of $12,850,345, and liabilities of $581,955.
How much does Francis E Parker Memorial Home spend on programs vs administration?
Based on IRS 990 analysis, Francis E Parker Memorial Home allocates approximately 80% of expenses to program services, 15% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Francis E Parker Memorial Home a trustworthy charity?
Based on AI analysis of IRS 990 data, Francis E Parker Memorial Home appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Francis E Parker Memorial Home?
The following concerns were identified: Significant asset fluctuations observed, with assets dropping from $1.57 billion in 2017 to $14.2 million in 2023, warranting further investigation into the nature of these assets and the reasons for such a dramatic change.. Expenses consistently exceed revenue in recent years (e.g., 2023 revenue $9.8M vs. expenses $31.3M), indicating reliance on other funding sources or asset drawdowns.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Francis E Parker Memorial Home's strengths?
Positive indicators for Francis E Parker Memorial Home include: Consistent revenue generation over the past five years, averaging around $8-9 million annually (excluding 2017-2018 anomalies).. Long-standing presence and operations in Piscataway, NJ, suggesting established community trust and service delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Francis E Parker Memorial Home compensate executives?
Executive compensation cannot be assessed without specific compensation figures from the organization's Form 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic decrease in reported assets from $1.57 billion in 2017 to $14.2 million in 2023?
The provided data does not specify the reason for this significant asset reduction. It could be due to a major divestiture, a reclassification of assets, or a transfer of funds to a related entity. A review of the full Form 990s for 2017 and subsequent years would be necessary to understand this change.
Given that expenses have consistently exceeded revenue in recent years, how is the organization sustaining its operations?
The consistent deficit (e.g., $9.8M revenue vs. $31.3M expenses in 2023) suggests the organization is likely drawing down on its accumulated assets, utilizing investment income not reflected in 'revenue,' or receiving significant non-operating contributions. Further analysis of the full financial statements would clarify the funding mechanisms.
Filing History
IRS 990 filing history for Francis E Parker Memorial Home showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Francis E Parker Memorial Home's revenue has declined by 91.8%, moving from $119.7M to $9.8M. Total assets decreased by 98.7% over the same period, from $986.1M to $12.9M. Total functional expenses rose by 53.5%, from $20.4M to $31.4M. In its most recent filing year (2023), Francis E Parker Memorial Home reported a deficit of $21.5M, with expenses exceeding revenue. The organization holds $582K in liabilities against $12.9M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $12.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $9.8M | $31.4M | $12.9M | $582K | — | — |
| 2022 | $9.4M | $24.8M | $15.9M | $558K | — | — |
| 2021 | $9.5M | $22.9M | $17.9M | $595K | — | View 990 |
| 2020 | $6.9M | $21.9M | $13.8M | $642K | — | — |
| 2019 | $7.3M | $23.4M | $14.5M | $625K | — | View 990 |
| 2018 | $7.2M | $23.0M | $38.0M | $16.9M | — | View 990 |
| 2017 | $112.5M | $25.7M | $1.6B | $15.2M | — | View 990 |
| 2016 | $109.1M | $24.9M | $1.3B | $12.5M | — | View 990 |
| 2015 | $55.0M | $24.5M | $1.3B | $15.3M | — | View 990 |
| 2014 | $146.6M | $23.8M | $1.3B | $14.5M | — | View 990 |
| 2013 | $158.3M | $22.6M | $1.3B | $9.0M | — | View 990 |
| 2012 | $124.1M | $21.6M | $1.1B | $10.4M | — | View 990 |
| 2011 | $119.7M | $20.4M | $986.1M | $10.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.8M, expenses of $31.4M, and assets of $12.9M (revenue +4.6% year-over-year).
- 2022: Revenue of $9.4M, expenses of $24.8M, and assets of $15.9M (revenue -1.2% year-over-year).
- 2021: Revenue of $9.5M, expenses of $22.9M, and assets of $17.9M (revenue +36.9% year-over-year).
- 2020: Revenue of $6.9M, expenses of $21.9M, and assets of $13.8M (revenue -5.0% year-over-year).
- 2019: Revenue of $7.3M, expenses of $23.4M, and assets of $14.5M (revenue +1.6% year-over-year).
- 2018: Revenue of $7.2M, expenses of $23.0M, and assets of $38.0M (revenue -93.6% year-over-year).
- 2017: Revenue of $112.5M, expenses of $25.7M, and assets of $1.6B (revenue +3.1% year-over-year).
- 2016: Revenue of $109.1M, expenses of $24.9M, and assets of $1.3B (revenue +98.3% year-over-year).
- 2015: Revenue of $55.0M, expenses of $24.5M, and assets of $1.3B (revenue -62.5% year-over-year).
- 2014: Revenue of $146.6M, expenses of $23.8M, and assets of $1.3B (revenue -7.4% year-over-year).
- 2013: Revenue of $158.3M, expenses of $22.6M, and assets of $1.3B (revenue +27.5% year-over-year).
- 2012: Revenue of $124.1M, expenses of $21.6M, and assets of $1.1B (revenue +3.7% year-over-year).
- 2011: Revenue of $119.7M, expenses of $20.4M, and assets of $986.1M.
Data Sources and Methodology
This transparency report for Francis E Parker Memorial Home 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.