Hebrew Old Age Center Of Atlantic City
Hebrew Old Age Center maintains operational balance but faces significant long-term solvency challenges with liabilities consistently exceeding assets.
EIN: 210634576 · Galloway Twp, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.3M |
| Total Expenses | $18.6M |
| Program Spending | 85% |
| Net Assets | $-9,843,074 |
| Transparency Score | 65/100 |
Is Hebrew Old Age Center Of Atlantic City Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hebrew Old Age Center Of Atlantic City directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hebrew Old Age Center Of Atlantic City
Hebrew Old Age Center Of Atlantic City (EIN: 210634576) is a nonprofit organization based in Galloway Twp, NJ. The organization reported total revenue of $23.3M and total assets of $16.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hebrew Old Age Center Of Atlantic City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hebrew Old Age Center Of Atlantic City is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.7M |
| Total Expenses | $18.6M |
| Surplus / Deficit | +$79K |
| Total Assets | $14.7M |
| Total Liabilities | $24.6M |
| Net Assets | $-9,843,074 |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 166.9% |
| Months of Reserves | 9.5 months |
Financial Health Grade: A
In 2023, Hebrew Old Age Center Of Atlantic City reported a surplus of $79K with revenue exceeding expenses, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 166.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hebrew Old Age Center Of Atlantic City's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +36.0% | +13.5% | -4.4% |
| 2022 | -9.1% | +8.7% | -10.0% |
| 2021 | -0.4% | -6.9% | -9.8% |
| 2020 | -1.4% | +2.1% | -1.4% |
| 2019 | +2.3% | +1.4% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1952 |
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 Hebrew Old Age Center Of Atlantic City 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hebrew Old Age Center Of Atlantic City 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $79K, with revenue exceeding expenses.
- Debt-to-asset ratio: 166.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues in the multi-millions. This could indicate a volunteer executive leadership or that executive compensation is categorized differently, warranting further investigation for full transparency.
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 Old Age Center Of Atlantic City's IRS 990 filings:
- Persistent negative net asset position: Liabilities consistently and significantly exceed assets (e.g., $24.5M liabilities vs. $14.7M assets in 2023), indicating potential long-term solvency issues.
- Unusually low (0%) reported officer compensation for an organization of this size, which may obscure true leadership costs or operational structure.
- Lack of detailed expense breakdown in available data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising.
Strengths
The following positive indicators were identified for Hebrew Old Age Center Of Atlantic City:
- Consistent operational stability: The organization consistently generates enough revenue to cover its expenses, often operating near break-even (e.g., $18.6M revenue vs. $18.5M expenses in 2023).
- Long operational history: Over a decade of consistent filings indicates a well-established organization.
- Significant revenue base: Annual revenues consistently in the multi-millions demonstrate a substantial capacity to deliver services.
Frequently Asked Questions about Hebrew Old Age Center Of Atlantic City
Is Hebrew Old Age Center Of Atlantic City a legitimate charity?
Hebrew Old Age Center Of Atlantic City (EIN: 210634576) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $23.3M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Hebrew Old Age Center Of Atlantic City spend its money?
Hebrew Old Age Center Of Atlantic City directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hebrew Old Age Center Of Atlantic City tax-deductible?
Hebrew Old Age Center Of Atlantic City is registered as a tax-exempt nonprofit (EIN: 210634576). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hebrew Old Age Center Of Atlantic City's spending goes to programs?
Hebrew Old Age Center Of Atlantic City directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hebrew Old Age Center Of Atlantic City located?
Hebrew Old Age Center Of Atlantic City is headquartered in Galloway Twp, New Jersey and files with the IRS under EIN 210634576.
How many years of IRS 990 filings does Hebrew Old Age Center Of Atlantic City have?
Hebrew Old Age Center Of Atlantic City 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 $23.3M in total revenue.
How does the organization manage its significant liabilities, which consistently exceed its assets?
The filings consistently show liabilities significantly higher than assets (e.g., $24.5M liabilities vs. $14.7M assets in 2023). Understanding the nature of these liabilities (e.g., long-term debt, mortgages) and the plan for managing them is crucial for assessing long-term financial viability.
Why is officer compensation consistently reported as 0%?
For an organization with annual revenues exceeding $14 million, the consistent reporting of 0% officer compensation is atypical. This raises questions about how executive leadership is compensated or if these roles are entirely volunteer-based, which would be a notable operational model.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed functional expense statement, it's difficult to precisely determine the efficiency of spending. The provided data only shows total revenues and expenses, not how those expenses are allocated across different functions.
Filing History
IRS 990 filing history for Hebrew Old Age Center Of Atlantic City showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hebrew Old Age Center Of Atlantic City's revenue has grown by 36.5%, moving from $13.7M to $18.7M. Total assets decreased by 49.7% over the same period, from $29.3M to $14.7M. Total functional expenses rose by 33.8%, from $13.9M to $18.6M. In its most recent filing year (2023), Hebrew Old Age Center Of Atlantic City reported a surplus of $79K, with revenue exceeding expenses. The organization holds $24.6M in liabilities against $14.7M in assets (debt-to-asset ratio: 166.9%), resulting in net assets of $-9,843,074.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.7M | $18.6M | $14.7M | $24.6M | — | — |
| 2022 | $13.7M | $16.4M | $15.4M | $25.3M | — | View 990 |
| 2021 | $15.1M | $15.1M | $17.1M | $24.3M | — | View 990 |
| 2020 | $15.2M | $16.2M | $19.0M | $26.3M | — | View 990 |
| 2019 | $15.4M | $15.8M | $19.2M | $24.9M | — | View 990 |
| 2018 | $15.0M | $15.6M | $19.5M | $24.8M | — | View 990 |
| 2017 | $14.5M | $16.4M | $22.4M | $27.0M | — | View 990 |
| 2016 | $14.5M | $14.5M | $24.8M | $27.6M | — | View 990 |
| 2015 | $14.3M | $14.3M | $25.8M | $28.7M | — | View 990 |
| 2014 | $14.8M | $14.7M | $26.5M | $29.3M | — | View 990 |
| 2013 | $14.8M | $14.7M | $27.2M | $30.1M | — | View 990 |
| 2012 | $14.3M | $15.2M | $27.7M | $30.6M | — | View 990 |
| 2011 | $13.7M | $13.9M | $29.3M | $31.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.7M, expenses of $18.6M, and assets of $14.7M (revenue +36.0% year-over-year).
- 2022: Revenue of $13.7M, expenses of $16.4M, and assets of $15.4M (revenue -9.1% year-over-year).
- 2021: Revenue of $15.1M, expenses of $15.1M, and assets of $17.1M (revenue -0.4% year-over-year).
- 2020: Revenue of $15.2M, expenses of $16.2M, and assets of $19.0M (revenue -1.4% year-over-year).
- 2019: Revenue of $15.4M, expenses of $15.8M, and assets of $19.2M (revenue +2.3% year-over-year).
- 2018: Revenue of $15.0M, expenses of $15.6M, and assets of $19.5M (revenue +3.7% year-over-year).
- 2017: Revenue of $14.5M, expenses of $16.4M, and assets of $22.4M (revenue +0.2% year-over-year).
- 2016: Revenue of $14.5M, expenses of $14.5M, and assets of $24.8M (revenue +1.2% year-over-year).
- 2015: Revenue of $14.3M, expenses of $14.3M, and assets of $25.8M (revenue -3.2% year-over-year).
- 2014: Revenue of $14.8M, expenses of $14.7M, and assets of $26.5M (revenue -0.4% year-over-year).
- 2013: Revenue of $14.8M, expenses of $14.7M, and assets of $27.2M (revenue +3.6% year-over-year).
- 2012: Revenue of $14.3M, expenses of $15.2M, and assets of $27.7M (revenue +4.6% year-over-year).
- 2011: Revenue of $13.7M, expenses of $13.9M, and assets of $29.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hebrew Old Age Center Of Atlantic City:
Data Sources and Methodology
This transparency report for Hebrew Old Age Center Of Atlantic City 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.