Friends Home At Woodstown Inc
Friends Home At Woodstown Inc. faces declining assets and increasing liabilities, consistently spending more than it earns.
EIN: 210455847 · Woodstown, NJ · NTEE: P99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.9M |
| Total Expenses | $14.2M |
| Program Spending | 85% |
| Net Assets | $-6,408,428 |
| Transparency Score | 55/100 |
Is Friends Home At Woodstown Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Home At Woodstown Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Home At Woodstown Inc
Friends Home At Woodstown Inc (EIN: 210455847) is a nonprofit organization based in Woodstown, NJ, classified under NTEE code P99. The organization reported total revenue of $16.9M and total assets of $22.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Home At Woodstown Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Home At Woodstown Inc is a large nonprofit that has been operating for 83 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.2M |
| Total Expenses | $14.2M |
| Surplus / Deficit | $-2,025,060 |
| Total Assets | $22.0M |
| Total Liabilities | $28.4M |
| Net Assets | $-6,408,428 |
| Operating Margin | -16.6% |
| Debt-to-Asset Ratio | 129.2% |
| Months of Reserves | 18.5 months |
Financial Health Grade: C
In 2021, Friends Home At Woodstown Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 129.2% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Friends Home At Woodstown Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -18.4% | -20.6% | -15.1% |
| 2020 | +0.7% | +12.3% | -10.7% |
| 2019 | +2.4% | +2.8% | -0.6% |
| 2018 | +3.1% | +6.4% | -4.8% |
| 2017 | +3.3% | +3.4% | -1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1943 |
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 Friends Home At Woodstown Inc with a Mission Score of 55 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Friends Home At Woodstown 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 129.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive compensation is either very low, non-existent, or structured in a way that is not reported under 'Officer Comp' on the 990, which could be a positive indicator of resource allocation towards mission.
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 Friends Home At Woodstown Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) over the past decade.
- Significant decline in total assets from $33.19M in 2012 to $21.98M in 2021.
- Liabilities frequently exceed assets, indicating a negative net asset position in recent years (e.g., 2021: $28.38M liabilities vs. $21.98M assets).
- Long-term financial sustainability is a concern given the trends.
Strengths
The following positive indicators were identified for Friends Home At Woodstown Inc:
- Consistent filing of IRS Form 990s, indicating transparency in reporting.
- No reported officer compensation, suggesting resources are not being diverted to high executive salaries.
Frequently Asked Questions about Friends Home At Woodstown Inc
Is Friends Home At Woodstown Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Home At Woodstown Inc (EIN: 210455847) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Friends Home At Woodstown Inc spend its money?
Friends Home At Woodstown Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Home At Woodstown Inc tax-deductible?
Friends Home At Woodstown Inc is registered as a tax-exempt nonprofit (EIN: 210455847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Home At Woodstown Inc's spending goes to programs?
Friends Home At Woodstown Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Home At Woodstown Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Friends Home At Woodstown Inc is near average for NTEE category P99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Home At Woodstown Inc located?
Friends Home At Woodstown Inc is headquartered in Woodstown, New Jersey and files with the IRS under EIN 210455847. It is classified under NTEE code P99.
How many years of IRS 990 filings does Friends Home At Woodstown Inc have?
Friends Home At Woodstown Inc has 11 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 $16.9M in total revenue.
Is Friends Home At Woodstown Inc. financially sustainable?
Based on the consistent trend of expenses exceeding revenue and a significant decline in assets from $33.19M in 2012 to $21.98M in 2021, coupled with liabilities often surpassing assets, the organization's financial sustainability is questionable without a change in its financial model.
Why are liabilities consistently high and often exceeding assets?
Liabilities have consistently been high, reaching $28,383,495 in 2021 while assets were $21,975,067. This indicates a negative net asset position, suggesting significant debt or other financial obligations that are not covered by the organization's current assets.
What is the plan to address the declining asset base?
The organization's assets have decreased by over $11 million from 2012 to 2021. Without further information, it's unclear what strategies are in place to halt this decline and rebuild the asset base.
How does the organization cover its operational deficits?
With expenses consistently higher than revenue (e.g., $14.24M expenses vs. $12.21M revenue in 2021), the organization appears to be covering its operational deficits by drawing down its assets, which is not a long-term sustainable practice.
Filing History
IRS 990 filing history for Friends Home At Woodstown Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Friends Home At Woodstown Inc's revenue has declined by 1.1%, moving from $12.4M to $12.2M. Total assets decreased by 33.6% over the same period, from $33.1M to $22.0M. Total functional expenses rose by 13%, from $12.6M to $14.2M. In its most recent filing year (2021), Friends Home At Woodstown Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $28.4M in liabilities against $22.0M in assets (debt-to-asset ratio: 129.2%), resulting in net assets of $-6,408,428.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $12.2M | $14.2M | $22.0M | $28.4M | — | View 990 |
| 2020 | $15.0M | $17.9M | $25.9M | $30.5M | — | View 990 |
| 2019 | $14.9M | $16.0M | $29.0M | $29.7M | — | View 990 |
| 2018 | $14.5M | $15.5M | $29.1M | $29.1M | — | View 990 |
| 2017 | $14.1M | $14.6M | $30.6M | $29.1M | — | View 990 |
| 2016 | $13.6M | $14.1M | $30.9M | $29.6M | — | View 990 |
| 2015 | $13.0M | $13.7M | $31.9M | $30.0M | — | View 990 |
| 2014 | $13.1M | $13.2M | $33.0M | $30.3M | — | View 990 |
| 2013 | $12.4M | $12.5M | $33.7M | $31.2M | — | View 990 |
| 2012 | $12.3M | $12.7M | $33.2M | $31.7M | — | View 990 |
| 2011 | $12.4M | $12.6M | $33.1M | $31.4M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $12.2M, expenses of $14.2M, and assets of $22.0M (revenue -18.4% year-over-year).
- 2020: Revenue of $15.0M, expenses of $17.9M, and assets of $25.9M (revenue +0.7% year-over-year).
- 2019: Revenue of $14.9M, expenses of $16.0M, and assets of $29.0M (revenue +2.4% year-over-year).
- 2018: Revenue of $14.5M, expenses of $15.5M, and assets of $29.1M (revenue +3.1% year-over-year).
- 2017: Revenue of $14.1M, expenses of $14.6M, and assets of $30.6M (revenue +3.3% year-over-year).
- 2016: Revenue of $13.6M, expenses of $14.1M, and assets of $30.9M (revenue +4.9% year-over-year).
- 2015: Revenue of $13.0M, expenses of $13.7M, and assets of $31.9M (revenue -0.9% year-over-year).
- 2014: Revenue of $13.1M, expenses of $13.2M, and assets of $33.0M (revenue +6.1% year-over-year).
- 2013: Revenue of $12.4M, expenses of $12.5M, and assets of $33.7M (revenue +0.3% year-over-year).
- 2012: Revenue of $12.3M, expenses of $12.7M, and assets of $33.2M (revenue -0.3% year-over-year).
- 2011: Revenue of $12.4M, expenses of $12.6M, and assets of $33.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Home At Woodstown Inc:
Data Sources and Methodology
This transparency report for Friends Home At Woodstown 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.