Hebrew Home Sinai Inc

Hebrew Home Sinai Inc. faces severe financial decline with revenue collapse and persistent negative liabilities.

EIN: 134245879 · E Brunswick, NJ · NTEE: E91 · Updated: 2026-03-28

$228KRevenue

$218KAssets

30/100Mission Score (Poor)

E91

About Hebrew Home Sinai Inc

Hebrew Home Sinai Inc (EIN: 134245879) is a nonprofit organization based in E Brunswick, NJ, classified under NTEE code E91. The organization reported total revenue of $228K and total assets of $218K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebrew Home Sinai Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Hebrew Home Sinai Inc. exhibits a concerning financial trajectory, particularly in its most recent filing period (202212) where revenue plummeted to $7,886 from over $10 million in the prior year, while expenses remained high at $153,425. This resulted in a significant net loss and a drastic reduction in assets to $8,383. The organization has consistently reported substantial negative liabilities across multiple years, reaching nearly -$9.6 million in 202212, which is highly unusual and warrants further investigation into its financial structure and reporting practices. The dramatic swings in revenue and the persistent negative liabilities raise serious questions about the organization's long-term sustainability and financial health.

Historically, the organization operated with revenues consistently in the $10-15 million range from 2013 to 2021, often with expenses closely matching revenue, indicating a tight operational margin. However, the sudden and severe decline in revenue in 2022, coupled with continued expenses, suggests a major operational shift or financial distress. The lack of reported officer compensation across all filings could indicate a volunteer-led board or that compensation is reported under other expense categories, which impacts transparency regarding leadership costs.

Given the available data, the organization's financial health appears precarious, especially considering the recent sharp decline in revenue and assets. The consistent reporting of large negative liabilities is a significant red flag for transparency and financial stability. Without more detailed expense breakdowns, it's difficult to assess spending efficiency beyond the overall revenue-expense relationship, which has become highly unfavorable in the latest period.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Hebrew Home Sinai Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Hebrew Home Sinai Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, which could indicate a volunteer leadership structure or that compensation is categorized differently, impacting the transparency of executive costs relative to the organization's size and operational 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 Hebrew Home Sinai Inc's IRS 990 filings:

Drastic 99.9% revenue decline from $10.2M in 2021 to $7.8K in 2022.
Consistent reporting of large negative liabilities (e.g., $-9.5M in 2022), which is highly unusual.
Expenses significantly exceeded revenue in 2022 ($153,425 vs. $7,886), indicating severe financial distress.
Assets plummeted from $312,418 in 2021 to $8,383 in 2022.
Lack of reported officer compensation across all filings, impacting transparency.

Strengths

The following positive indicators were identified for Hebrew Home Sinai Inc:

Historically maintained consistent revenue levels (approx. $10-15M) for several years prior to 2022.
No reported officer compensation, potentially indicating a volunteer-driven leadership or efficient use of funds in that area.

Frequently Asked Questions about Hebrew Home Sinai Inc

What caused the drastic drop in revenue from $10,256,157 in 2021 to $7,886 in 2022?

The IRS 990 data does not provide specific reasons for this precipitous decline, but it is the most critical financial event in the organization's recent history, indicating a major operational change or crisis.

Why does the organization consistently report large negative liabilities, such as $-9,569,126 in 2022?

Negative liabilities are highly unusual in standard accounting and could indicate significant errors in financial reporting, complex financial instruments, or a unique organizational structure that requires further clarification.

How does Hebrew Home Sinai Inc. sustain operations with such low revenue and high expenses in 2022?

With revenue of $7,886 and expenses of $153,425 in 2022, the organization incurred a substantial loss, suggesting reliance on prior reserves, external funding not captured as revenue, or a significant reduction in services.

What is the actual program spending ratio, given the lack of detailed expense breakdowns in the provided data?

Without a detailed functional expense statement, it's challenging to precisely determine the program spending ratio. The estimated breakdown is based on typical nonprofit operations but cannot be confirmed from the provided summary data.

Filing History

IRS 990 filing history for Hebrew Home Sinai Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Hebrew Home Sinai Inc's revenue has declined by 100%, moving from $16.8M to $8K. Total assets decreased by 99.9% over the same period, from $8.7M to $8K. Total functional expenses fell by 99%, from $15.2M to $153K. In its most recent filing year (2022), Hebrew Home Sinai Inc reported a deficit of $146K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$8K	$153K	$8K	$-9,569,126	—	View 990
2021	$10.3M	$9.9M	$312K	$-9,410,630	—	View 990
2020	$15.7M	$14.8M	$3.9M	$-5,444,792	—	View 990
2019	$15.5M	$15.6M	$3.8M	$-4,625,162	—	View 990
2018	$15.8M	$14.9M	$3.9M	$-4,671,545	—	View 990
2017	$15.4M	$15.3M	$4.3M	$-3,341,001	—	View 990
2016	$15.1M	$15.0M	$4.3M	$-3,256,613	—	—
2015	$15.3M	$14.4M	$4.5M	$-2,901,123	—	View 990
2014	$14.0M	$14.3M	$8.1M	$1.6M	—	View 990
2013	$13.6M	$14.5M	$8.3M	$1.5M	—	View 990
2012	$15.0M	$14.9M	$8.9M	$1.3M	—	View 990
2011	$16.8M	$15.2M	$8.7M	$1.2M	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $8K, expenses of $153K, and assets of $8K (revenue -99.9% year-over-year).
2021: Revenue of $10.3M, expenses of $9.9M, and assets of $312K (revenue -34.8% year-over-year).
2020: Revenue of $15.7M, expenses of $14.8M, and assets of $3.9M (revenue +1.7% year-over-year).
2019: Revenue of $15.5M, expenses of $15.6M, and assets of $3.8M (revenue -1.9% year-over-year).
2018: Revenue of $15.8M, expenses of $14.9M, and assets of $3.9M (revenue +2.4% year-over-year).
2017: Revenue of $15.4M, expenses of $15.3M, and assets of $4.3M (revenue +1.9% year-over-year).
2016: Revenue of $15.1M, expenses of $15.0M, and assets of $4.3M (revenue -0.8% year-over-year).
2015: Revenue of $15.3M, expenses of $14.4M, and assets of $4.5M (revenue +8.7% year-over-year).
2014: Revenue of $14.0M, expenses of $14.3M, and assets of $8.1M (revenue +3.4% year-over-year).
2013: Revenue of $13.6M, expenses of $14.5M, and assets of $8.3M (revenue -9.6% year-over-year).
2012: Revenue of $15.0M, expenses of $14.9M, and assets of $8.9M (revenue -10.4% year-over-year).
2011: Revenue of $16.8M, expenses of $15.2M, and assets of $8.7M.

Data Sources and Methodology

This transparency report for Hebrew Home Sinai 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.