High Park Gardens Cooperative Corp
High Park Gardens Cooperative Corp: Stable Finances, Low Program Spending
EIN: 221833014 · Newark, NJ · NTEE: L21 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $4.1M |
| Program Spending | 10% |
| Net Assets | $336K |
| Transparency Score | 45/100 |
Is High Park Gardens Cooperative Corp Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
High Park Gardens Cooperative Corp directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About High Park Gardens Cooperative Corp
High Park Gardens Cooperative Corp (EIN: 221833014) is a nonprofit organization based in Newark, NJ, classified under NTEE code L21. The organization reported total revenue of $4.6M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of High Park Gardens Cooperative Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
High Park Gardens Cooperative Corp is a mid-size nonprofit that has been operating for 42 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.1M |
| Surplus / Deficit | +$294K |
| Total Assets | $6.3M |
| Total Liabilities | $6.0M |
| Net Assets | $336K |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 94.7% |
| Months of Reserves | 18.5 months |
Financial Health Grade: A
In 2023, High Park Gardens Cooperative Corp reported a surplus of $294K with revenue exceeding expenses, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 94.7% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), High Park Gardens Cooperative Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.8% | +4.6% | -0.6% |
| 2022 | +4.0% | +1.6% | -2.4% |
| 2021 | +2.4% | +2.9% | -16.9% |
| 2017 | +-0.0% | -4.2% | -2.1% |
| 2016 | +0.0% | -0.3% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 High Park Gardens Cooperative Corp with a Mission Score of 45 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: 80%
- programs: 10%
- fundraising: 10%
According to IRS 990 filings, High Park Gardens Cooperative Corp allocates its expenses as follows: admin: 80%, programs: 10%, fundraising: 10%. Only 10% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $294K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual compensation are not provided in the available data.
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 High Park Gardens Cooperative Corp's IRS 990 filings:
- Low program spending (10%) suggests a significant portion of expenses are not directly allocated to mission-related activities.
- High administrative spending (80%) raises questions about operational efficiency and resource allocation.
- Lack of detailed program information makes it difficult to evaluate the impact of the organization's activities.
Strengths
The following positive indicators were identified for High Park Gardens Cooperative Corp:
- Consistent revenue generation over several years, indicating financial stability.
- Assets consistently exceed liabilities, demonstrating a healthy balance sheet.
Frequently Asked Questions about High Park Gardens Cooperative Corp
Is High Park Gardens Cooperative Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, High Park Gardens Cooperative Corp (EIN: 221833014) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does High Park Gardens Cooperative Corp spend its money?
High Park Gardens Cooperative Corp directs 10% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to High Park Gardens Cooperative Corp tax-deductible?
High Park Gardens Cooperative Corp is registered as a tax-exempt nonprofit (EIN: 221833014). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of High Park Gardens Cooperative Corp's spending goes to programs?
High Park Gardens Cooperative Corp directs 10% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does High Park Gardens Cooperative Corp compare to similar nonprofits?
With a transparency score of 45/100 (Fair), High Park Gardens Cooperative Corp is near average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is High Park Gardens Cooperative Corp located?
High Park Gardens Cooperative Corp is headquartered in Newark, New Jersey and files with the IRS under EIN 221833014. It is classified under NTEE code L21.
How many years of IRS 990 filings does High Park Gardens Cooperative Corp have?
High Park Gardens Cooperative Corp has 10 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 $4.6M in total revenue.
What does High Park Gardens Cooperative Corp do?
High Park Gardens Cooperative Corp is a nonprofit organization in the Housing & Shelter sector, located in Newark, New Jersey. It is classified under NTEE code L21.
How much revenue does High Park Gardens Cooperative Corp have?
High Park Gardens Cooperative Corp reported total revenue of $4,644,057. Based on 10 IRS 990 filings on record.
What are High Park Gardens Cooperative Corp's total assets?
High Park Gardens Cooperative Corp holds total assets of $6,250,064 as reported in IRS 990 filings.
Where is High Park Gardens Cooperative Corp located?
High Park Gardens Cooperative Corp is based in Newark, New Jersey.
What is High Park Gardens Cooperative Corp's EIN?
High Park Gardens Cooperative Corp's Employer Identification Number (EIN) is 221833014. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is High Park Gardens Cooperative Corp?
High Park Gardens Cooperative Corp is classified under NTEE code L21 (Housing & Shelter).
Is High Park Gardens Cooperative Corp a registered 501(c)(3)?
Yes, High Park Gardens Cooperative Corp is recognized as a tax-exempt organization by the IRS. EIN: 221833014.
Does High Park Gardens Cooperative Corp file IRS Form 990?
Yes, High Park Gardens Cooperative Corp has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was High Park Gardens Cooperative Corp's revenue in 2023?
In the 202312 filing period, High Park Gardens Cooperative Corp reported total revenue of $4,383,808, total expenses of $4,089,614, and net assets of $6,306,855.
Is High Park Gardens Cooperative Corp's revenue growing or declining?
High Park Gardens Cooperative Corp's revenue is growing. Revenue went from $4,104,260 (202212) to $4,383,808 (202312), a +6.8% change. Based on 10 filings on record.
What is High Park Gardens Cooperative Corp's most recent 990 filing?
The most recent IRS Form 990 filing for High Park Gardens Cooperative Corp covers tax period 202312. It shows revenue of $4,383,808, expenses of $4,089,614, total assets of $6,306,855, and liabilities of $5,971,226.
How much does High Park Gardens Cooperative Corp spend on programs vs administration?
Based on IRS 990 analysis, High Park Gardens Cooperative Corp allocates approximately 10% of expenses to program services, 80% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is High Park Gardens Cooperative Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, High Park Gardens Cooperative Corp shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for High Park Gardens Cooperative Corp?
The following concerns were identified: Low program spending (10%) suggests a significant portion of expenses are not directly allocated to mission-related activities.. High administrative spending (80%) raises questions about operational efficiency and resource allocation.. Lack of detailed program information makes it difficult to evaluate the impact of the organization's activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are High Park Gardens Cooperative Corp's strengths?
Positive indicators for High Park Gardens Cooperative Corp include: Consistent revenue generation over several years, indicating financial stability.. Assets consistently exceed liabilities, demonstrating a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does High Park Gardens Cooperative Corp compensate executives?
Executive compensation cannot be assessed as specific figures for individual compensation are not provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the high administrative and low program spending, what are the primary activities funded by the 'administrative' expenses, and how do they directly contribute to the cooperative's mission?
Without further breakdown of expenses beyond 'x' (total expenses), it's challenging to pinpoint specific administrative activities. However, for a cooperative, these often include property management, maintenance, legal, and general overhead costs necessary for the operation and upkeep of the cooperative housing, which indirectly supports the residents.
How does High Park Gardens Cooperative Corp measure and report the impact of its programs, especially considering the low percentage of spending allocated to 'programs'?
The provided data does not include information on program impact measurement or reporting. The low program spending percentage suggests that direct programmatic activities might be minimal, or their costs are embedded within other expense categories not explicitly detailed as 'programs'.
Filing History
IRS 990 filing history for High Park Gardens Cooperative Corp showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), High Park Gardens Cooperative Corp's revenue has grown by 25.3%, moving from $3.5M to $4.4M. Total assets decreased by 36.3% over the same period, from $9.9M to $6.3M. Total functional expenses rose by 8.5%, from $3.8M to $4.1M. In its most recent filing year (2023), High Park Gardens Cooperative Corp reported a surplus of $294K, with revenue exceeding expenses. The organization holds $6.0M in liabilities against $6.3M in assets (debt-to-asset ratio: 94.7%), resulting in net assets of $336K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.1M | $6.3M | $6.0M | — | — |
| 2022 | $4.1M | $3.9M | $6.3M | $6.3M | — | — |
| 2021 | $3.9M | $3.8M | $6.5M | $6.6M | — | View 990 |
| 2017 | $3.9M | $3.7M | $7.8M | $7.8M | — | — |
| 2016 | $3.9M | $3.9M | $8.0M | $8.1M | — | — |
| 2015 | $3.9M | $3.9M | $8.2M | $8.3M | — | View 990 |
| 2014 | $3.8M | $3.9M | $8.6M | $8.6M | — | View 990 |
| 2013 | $3.7M | $3.9M | $8.9M | $8.7M | — | View 990 |
| 2012 | $3.5M | $3.9M | $9.3M | $9.0M | — | View 990 |
| 2011 | $3.5M | $3.8M | $9.9M | $9.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.1M, and assets of $6.3M (revenue +6.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.9M, and assets of $6.3M (revenue +4.0% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.8M, and assets of $6.5M (revenue +2.4% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.7M, and assets of $7.8M (revenue +-0.0% year-over-year).
- 2016: Revenue of $3.9M, expenses of $3.9M, and assets of $8.0M (revenue +0.0% year-over-year).
- 2015: Revenue of $3.9M, expenses of $3.9M, and assets of $8.2M (revenue +2.5% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.9M, and assets of $8.6M (revenue +1.8% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.9M, and assets of $8.9M (revenue +4.6% year-over-year).
- 2012: Revenue of $3.5M, expenses of $3.9M, and assets of $9.3M (revenue +1.0% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.8M, and assets of $9.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for High Park Gardens Cooperative Corp:
Data Sources and Methodology
This transparency report for High Park Gardens Cooperative Corp 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.