Greenwood House Home For The Jewish Aged Inc
Greenwood House experiences consistent deficit spending and significant asset/liability fluctuations with no reported officer compensation.
EIN: 210639867 · Ewing Township, NJ · NTEE: E910 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.8M |
| Total Expenses | $20.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $18 |
| Net Assets | $18.0M |
| Transparency Score | 65/100 |
Is Greenwood House Home For The Jewish Aged Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwood House Home For The Jewish Aged Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greenwood House Home For The Jewish Aged Inc
Greenwood House Home For The Jewish Aged Inc (EIN: 210639867) is a nonprofit organization based in Ewing Township, NJ, classified under NTEE code E910. The organization reported total revenue of $20.8M and total assets of $21.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwood House Home For The Jewish Aged Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwood House Home For The Jewish Aged Inc is a large nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.1M |
| Total Expenses | $20.5M |
| Surplus / Deficit | $-2,411,606 |
| Total Assets | $21.7M |
| Total Liabilities | $3.7M |
| Net Assets | $18.0M |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 17.0% |
| Months of Reserves | 12.7 months |
Financial Health Grade: B
In 2023, Greenwood House Home For The Jewish Aged Inc reported a deficit of $2.4M with expenses exceeding revenue, holds 12.7 months of operating reserves (strong position), has a debt-to-asset ratio of 17.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greenwood House Home For The Jewish Aged Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +11.4% | -36.3% |
| 2022 | -1.3% | +0.4% | -6.3% |
| 2021 | -5.5% | +5.2% | +51.8% |
| 2020 | +3.8% | -2.3% | +6.9% |
| 2019 | +6.5% | +0.2% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1790 |
| IRS Ruling Date | 1947 |
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 Greenwood House Home For The Jewish Aged Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Greenwood House Home For The Jewish Aged 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 $2.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $18 million in annual expenses and suggests that executive compensation may be reported under other categories or that the organization relies on volunteer leadership, which would be exceptional for its scale.
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 Greenwood House Home For The Jewish Aged Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, such as $20.5M expenses vs. $18.1M revenue in 2023.
- 0% reported officer compensation, which is highly unusual for an organization of this scale and raises transparency concerns.
- Significant fluctuations in assets and liabilities without clear explanation in the provided data, particularly the increase in liabilities to over $15 million in 2022.
- Lack of detailed spending breakdown (programs, admin, fundraising) in the provided data, hindering a full assessment of efficiency.
Strengths
The following positive indicators were identified for Greenwood House Home For The Jewish Aged Inc:
- Long operational history with 13 filings, indicating established presence.
- Substantial asset base, even after recent fluctuations, providing some financial stability ($21.6 million in 2023).
Frequently Asked Questions about Greenwood House Home For The Jewish Aged Inc
Is Greenwood House Home For The Jewish Aged Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwood House Home For The Jewish Aged Inc (EIN: 210639867) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Greenwood House Home For The Jewish Aged Inc spend its money?
Greenwood House Home For The Jewish Aged Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwood House Home For The Jewish Aged Inc tax-deductible?
Greenwood House Home For The Jewish Aged Inc is registered as a tax-exempt nonprofit (EIN: 210639867). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Greenwood House Home For The Jewish Aged Inc CEO make?
Greenwood House Home For The Jewish Aged Inc's highest-compensated officer earns $18 annually. The organization reported $20.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Greenwood House Home For The Jewish Aged Inc's spending goes to programs?
Greenwood House Home For The Jewish Aged Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greenwood House Home For The Jewish Aged Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Greenwood House Home For The Jewish Aged Inc is above average for NTEE category E910 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greenwood House Home For The Jewish Aged Inc located?
Greenwood House Home For The Jewish Aged Inc is headquartered in Ewing Township, New Jersey and files with the IRS under EIN 210639867. It is classified under NTEE code E910.
How many years of IRS 990 filings does Greenwood House Home For The Jewish Aged Inc have?
Greenwood House Home For The Jewish Aged 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 $20.8M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this size and could indicate that executive salaries are categorized differently (e.g., under 'salaries and wages' without specific officer breakdown) or that the organization relies on volunteer leadership, which would be an exceptional operational model for a facility with over $18 million in annual expenses.
What caused the significant increase in assets and liabilities in 2021 and 2022?
The substantial increase in assets to $36.3 million in 2021 and $34.0 million in 2022, alongside a rise in liabilities to $14.8 million and $15.3 million respectively, suggests potential capital investments, debt financing for expansion, or significant changes in investment portfolios. Further details from the full 990 forms would be needed to understand these transactions.
How does the organization cover its consistent operating deficits?
With expenses frequently exceeding revenue (e.g., $20.5 million expenses vs. $18.1 million revenue in 2023), the organization appears to rely on drawing from reserves, investment income, or other non-operating revenue sources to cover its operational deficits. This trend raises questions about long-term financial sustainability if not addressed.
Filing History
IRS 990 filing history for Greenwood House Home For The Jewish Aged Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwood House Home For The Jewish Aged Inc's revenue has grown by 16%, moving from $15.6M to $18.1M. Total assets increased by 18.8% over the same period, from $18.2M to $21.7M. Total functional expenses rose by 36.7%, from $15.0M to $20.5M. In its most recent filing year (2023), Greenwood House Home For The Jewish Aged Inc reported a deficit of $2.4M, with expenses exceeding revenue. The organization holds $3.7M in liabilities against $21.7M in assets (debt-to-asset ratio: 17.0%), resulting in net assets of $18.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.1M | $20.5M | $21.7M | $3.7M | — | — |
| 2022 | $16.8M | $18.4M | $34.0M | $15.3M | — | View 990 |
| 2021 | $17.1M | $18.3M | $36.3M | $14.8M | — | View 990 |
| 2020 | $18.0M | $17.4M | $23.9M | $2.8M | — | View 990 |
| 2019 | $17.4M | $17.8M | $22.4M | $2.6M | — | View 990 |
| 2018 | $16.3M | $17.8M | $19.9M | $2.3M | — | View 990 |
| 2017 | $16.3M | $18.1M | $18.8M | $2.2M | — | View 990 |
| 2016 | $15.5M | $16.5M | $19.9M | $2.1M | — | View 990 |
| 2015 | $16.0M | $15.6M | $20.1M | $1.9M | — | View 990 |
| 2014 | $17.1M | $15.6M | $20.2M | $2.2M | — | View 990 |
| 2013 | $15.0M | $15.9M | $18.8M | $2.3M | — | View 990 |
| 2012 | $15.4M | $15.8M | $18.1M | $1.9M | — | View 990 |
| 2011 | $15.6M | $15.0M | $18.2M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.1M, expenses of $20.5M, and assets of $21.7M (revenue +7.4% year-over-year).
- 2022: Revenue of $16.8M, expenses of $18.4M, and assets of $34.0M (revenue -1.3% year-over-year).
- 2021: Revenue of $17.1M, expenses of $18.3M, and assets of $36.3M (revenue -5.5% year-over-year).
- 2020: Revenue of $18.0M, expenses of $17.4M, and assets of $23.9M (revenue +3.8% year-over-year).
- 2019: Revenue of $17.4M, expenses of $17.8M, and assets of $22.4M (revenue +6.5% year-over-year).
- 2018: Revenue of $16.3M, expenses of $17.8M, and assets of $19.9M (revenue +0.0% year-over-year).
- 2017: Revenue of $16.3M, expenses of $18.1M, and assets of $18.8M (revenue +5.1% year-over-year).
- 2016: Revenue of $15.5M, expenses of $16.5M, and assets of $19.9M (revenue -3.1% year-over-year).
- 2015: Revenue of $16.0M, expenses of $15.6M, and assets of $20.1M (revenue -6.2% year-over-year).
- 2014: Revenue of $17.1M, expenses of $15.6M, and assets of $20.2M (revenue +13.5% year-over-year).
- 2013: Revenue of $15.0M, expenses of $15.9M, and assets of $18.8M (revenue -2.2% year-over-year).
- 2012: Revenue of $15.4M, expenses of $15.8M, and assets of $18.1M (revenue -1.4% year-over-year).
- 2011: Revenue of $15.6M, expenses of $15.0M, and assets of $18.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwood House Home For The Jewish Aged Inc:
Data Sources and Methodology
This transparency report for Greenwood House Home For The Jewish Aged 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.