Heath Village Inc
Heath Village Inc: Stable Finances, High Program Spending, but Limited Public Transparency
EIN: 221717575 · Hackettstown, NJ · NTEE: P750 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $36.0M |
| Total Expenses | $32.4M |
| Program Spending | 88% |
| Net Assets | $48.7M |
| Transparency Score | 85/100 |
Is Heath Village Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heath Village Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heath Village Inc
Heath Village Inc (EIN: 221717575) is a nonprofit organization based in Hackettstown, NJ, classified under NTEE code P750. The organization reported total revenue of $36.0M and total assets of $91.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heath Village Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heath Village Inc is a large nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.7M |
| Total Expenses | $32.4M |
| Surplus / Deficit | $-3,670,123 |
| Total Assets | $93.1M |
| Total Liabilities | $44.4M |
| Net Assets | $48.7M |
| Operating Margin | -12.8% |
| Debt-to-Asset Ratio | 47.7% |
| Months of Reserves | 34.5 months |
Financial Health Grade: B
In 2023, Heath Village Inc reported a deficit of $3.7M with expenses exceeding revenue, holds 34.5 months of operating reserves (strong position), has a debt-to-asset ratio of 47.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Heath Village Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.7% | +7.3% | -0.9% |
| 2022 | -4.4% | -1.2% | -7.1% |
| 2021 | +6.3% | +17.3% | -1.7% |
| 2020 | +0.5% | +3.3% | +39.6% |
| 2019 | -1.5% | +3.2% | +30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Heath Village Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Heath Village Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $3.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.7%.
Executive Compensation Analysis
Executive compensation details are not publicly disclosed in the provided data, making a specific assessment difficult without further 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 Heath Village Inc's IRS 990 filings:
- Lack of readily available detailed program impact reports on their website.
- Limited public transparency regarding governance documents and specific executive compensation figures.
Strengths
The following positive indicators were identified for Heath Village Inc:
- Consistently high percentage of expenses dedicated to programs (88% in 2023).
- Stable revenue streams over the past several years, indicating financial resilience.
- Healthy asset base of $91,595,932 as of 2023, providing long-term stability.
Frequently Asked Questions about Heath Village Inc
Is Heath Village Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Heath Village Inc (EIN: 221717575) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Heath Village Inc spend its money?
Heath Village Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heath Village Inc tax-deductible?
Heath Village Inc is registered as a tax-exempt nonprofit (EIN: 221717575). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heath Village Inc's spending goes to programs?
Heath Village Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heath Village Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Heath Village Inc is above average for NTEE category P750 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heath Village Inc located?
Heath Village Inc is headquartered in Hackettstown, New Jersey and files with the IRS under EIN 221717575. It is classified under NTEE code P750.
How many years of IRS 990 filings does Heath Village Inc have?
Heath Village 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 $36.0M in total revenue.
What does Heath Village Inc do?
Heath Village Inc is a nonprofit organization in the Human Services sector, located in Hackettstown, New Jersey. It is classified under NTEE code P750.
How much revenue does Heath Village Inc have?
Heath Village Inc reported total revenue of $36,041,994. Based on 13 IRS 990 filings on record.
What are Heath Village Inc's total assets?
Heath Village Inc holds total assets of $91,595,932 as reported in IRS 990 filings.
Where is Heath Village Inc located?
Heath Village Inc is based in Hackettstown, New Jersey.
What is Heath Village Inc's EIN?
Heath Village Inc's Employer Identification Number (EIN) is 221717575. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Heath Village Inc?
Heath Village Inc is classified under NTEE code P750 (Human Services).
Is Heath Village Inc a registered 501(c)(3)?
Yes, Heath Village Inc is recognized as a tax-exempt organization by the IRS. EIN: 221717575.
Does Heath Village Inc file IRS Form 990?
Yes, Heath Village Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Heath Village Inc's revenue in 2023?
In the 202306 filing period, Heath Village Inc reported total revenue of $28,712,040, total expenses of $32,382,163, and net assets of $93,066,316.
Is Heath Village Inc's revenue growing or declining?
Heath Village Inc's revenue is relatively stable. Revenue went from $27,695,457 (202206) to $28,712,040 (202306), a +3.7% change. Based on 13 filings on record.
What is Heath Village Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Heath Village Inc covers tax period 202306. It shows revenue of $28,712,040, expenses of $32,382,163, total assets of $93,066,316, and liabilities of $44,409,836.
How much does Heath Village Inc spend on programs vs administration?
Based on IRS 990 analysis, Heath Village Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Heath Village Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Heath Village Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Heath Village Inc?
The following concerns were identified: Lack of readily available detailed program impact reports on their website.. Limited public transparency regarding governance documents and specific executive compensation figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Heath Village Inc's strengths?
Positive indicators for Heath Village Inc include: Consistently high percentage of expenses dedicated to programs (88% in 2023).. Stable revenue streams over the past several years, indicating financial resilience.. Healthy asset base of $91,595,932 as of 2023, providing long-term stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Heath Village Inc compensate executives?
Executive compensation details are not publicly disclosed in the provided data, making a specific assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Heath Village Inc. ensure its mission is effectively communicated and measured given the limited public program reporting?
While financial data indicates a strong commitment to programs, the absence of detailed public program reports or impact metrics makes it challenging for external stakeholders to fully understand the scope and effectiveness of their mission delivery beyond financial allocations.
What strategies does Heath Village Inc. employ to maintain its consistent revenue and asset growth, and how does this contribute to its long-term sustainability?
Heath Village Inc. has demonstrated consistent revenue generation and asset growth over several years. This financial stability, with assets reaching $91,595,932 in 2023, suggests effective financial management and potentially strong donor relations or consistent service demand, which are crucial for long-term sustainability in the nonprofit sector.
Filing History
IRS 990 filing history for Heath Village Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Heath Village Inc's revenue has grown by 31%, moving from $21.9M to $28.7M. Total assets increased by 169.4% over the same period, from $34.5M to $93.1M. Total functional expenses rose by 69.5%, from $19.1M to $32.4M. In its most recent filing year (2023), Heath Village Inc reported a deficit of $3.7M, with expenses exceeding revenue. The organization holds $44.4M in liabilities against $93.1M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $48.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.7M | $32.4M | $93.1M | $44.4M | — | View 990 |
| 2022 | $27.7M | $30.2M | $93.9M | $45.9M | — | View 990 |
| 2021 | $29.0M | $30.6M | $101.1M | $52.1M | — | View 990 |
| 2020 | $27.3M | $26.1M | $102.8M | $59.6M | — | View 990 |
| 2019 | $27.1M | $25.2M | $73.7M | $26.9M | — | View 990 |
| 2018 | $27.6M | $24.4M | $56.5M | $8.8M | — | View 990 |
| 2017 | $26.6M | $23.6M | $53.1M | $9.1M | — | View 990 |
| 2016 | $25.7M | $22.9M | $50.1M | $9.2M | — | View 990 |
| 2015 | $24.9M | $22.0M | $48.3M | $10.4M | — | View 990 |
| 2014 | $24.2M | $20.7M | $46.5M | $11.7M | — | View 990 |
| 2013 | $23.1M | $20.4M | $42.3M | $11.9M | — | View 990 |
| 2012 | $22.7M | $19.5M | $36.4M | $12.8M | — | View 990 |
| 2011 | $21.9M | $19.1M | $34.5M | $14.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.7M, expenses of $32.4M, and assets of $93.1M (revenue +3.7% year-over-year).
- 2022: Revenue of $27.7M, expenses of $30.2M, and assets of $93.9M (revenue -4.4% year-over-year).
- 2021: Revenue of $29.0M, expenses of $30.6M, and assets of $101.1M (revenue +6.3% year-over-year).
- 2020: Revenue of $27.3M, expenses of $26.1M, and assets of $102.8M (revenue +0.5% year-over-year).
- 2019: Revenue of $27.1M, expenses of $25.2M, and assets of $73.7M (revenue -1.5% year-over-year).
- 2018: Revenue of $27.6M, expenses of $24.4M, and assets of $56.5M (revenue +3.8% year-over-year).
- 2017: Revenue of $26.6M, expenses of $23.6M, and assets of $53.1M (revenue +3.2% year-over-year).
- 2016: Revenue of $25.7M, expenses of $22.9M, and assets of $50.1M (revenue +3.2% year-over-year).
- 2015: Revenue of $24.9M, expenses of $22.0M, and assets of $48.3M (revenue +3.1% year-over-year).
- 2014: Revenue of $24.2M, expenses of $20.7M, and assets of $46.5M (revenue +4.5% year-over-year).
- 2013: Revenue of $23.1M, expenses of $20.4M, and assets of $42.3M (revenue +2.1% year-over-year).
- 2012: Revenue of $22.7M, expenses of $19.5M, and assets of $36.4M (revenue +3.3% year-over-year).
- 2011: Revenue of $21.9M, expenses of $19.1M, and assets of $34.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heath Village Inc:
Data Sources and Methodology
This transparency report for Heath Village 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.