Hoboken Community Center Inc
Hoboken Community Center: Strong Asset Base, Volatile Revenue, and High Administrative Costs
EIN: 221487383 · Hoboken, NJ · NTEE: N31 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $456K |
| Total Expenses | $332K |
| Program Spending | 60% |
| Net Assets | $2.2M |
| Transparency Score | 65/100 |
Is Hoboken Community Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoboken Community Center Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Hoboken Community Center Inc
Hoboken Community Center Inc (EIN: 221487383) is a nonprofit organization based in Hoboken, NJ, classified under NTEE code N31. The organization reported total revenue of $456K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoboken Community Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoboken Community Center Inc is a small nonprofit that has been operating for 11 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $887K |
| Total Expenses | $332K |
| Surplus / Deficit | +$555K |
| Total Assets | $2.5M |
| Total Liabilities | $254K |
| Net Assets | $2.2M |
| Operating Margin | 62.5% |
| Debt-to-Asset Ratio | 10.2% |
| Months of Reserves | 90.0 months |
Financial Health Grade: A
In 2023, Hoboken Community Center Inc reported a surplus of $555K with revenue exceeding expenses, holds 90.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hoboken Community Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.8% | +3.8% | +2.9% |
| 2022 | +487.1% | +108.0% | +120.8% |
| 2021 | -26.4% | +4.6% | +9.2% |
| 2020 | +859.9% | +285.7% | +17.1% |
| 2019 | +40.6% | +162.5% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Hoboken Community Center 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Hoboken Community Center Inc allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $555K, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are 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 Hoboken Community Center Inc's IRS 990 filings:
- Revenue has been highly volatile, ranging from $18,481 in 2018 to $1,078,227 in 2022, indicating potential instability in funding streams.
- The expense-to-revenue ratio is concerning in some years; for example, in 2023, expenses ($332,063) significantly exceeded revenue ($88,662), leading to a deficit.
- The organization reported negative expenses (-$6,108) in 2017, which is unusual and warrants further investigation into accounting practices.
Strengths
The following positive indicators were identified for Hoboken Community Center Inc:
- The organization maintains a substantial asset base, growing from $856,274 in 2019 to $2,638,156 in 2023, indicating strong financial reserves.
- Despite revenue fluctuations, the organization has consistently maintained a positive asset balance, demonstrating long-term financial resilience.
- The organization has a long operating history, with data available back to 2016, suggesting established community presence.
Frequently Asked Questions about Hoboken Community Center Inc
Is Hoboken Community Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoboken Community Center Inc (EIN: 221487383) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Hoboken Community Center Inc spend its money?
Hoboken Community Center Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoboken Community Center Inc tax-deductible?
Hoboken Community Center Inc is registered as a tax-exempt nonprofit (EIN: 221487383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hoboken Community Center Inc's spending goes to programs?
Hoboken Community Center Inc directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Hoboken Community Center Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Hoboken Community Center Inc is above average for NTEE category N31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoboken Community Center Inc located?
Hoboken Community Center Inc is headquartered in Hoboken, New Jersey and files with the IRS under EIN 221487383. It is classified under NTEE code N31.
How many years of IRS 990 filings does Hoboken Community Center Inc have?
Hoboken Community Center Inc has 14 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 $456K in total revenue.
What does Hoboken Community Center Inc do?
Hoboken Community Center Inc is a nonprofit organization in the Recreation & Sports sector, located in Hoboken, New Jersey. It is classified under NTEE code N31.
How much revenue does Hoboken Community Center Inc have?
Hoboken Community Center Inc reported total revenue of $456,406. Based on 14 IRS 990 filings on record.
What are Hoboken Community Center Inc's total assets?
Hoboken Community Center Inc holds total assets of $2,638,156 as reported in IRS 990 filings.
Where is Hoboken Community Center Inc located?
Hoboken Community Center Inc is based in Hoboken, New Jersey.
What is Hoboken Community Center Inc's EIN?
Hoboken Community Center Inc's Employer Identification Number (EIN) is 221487383. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hoboken Community Center Inc?
Hoboken Community Center Inc is classified under NTEE code N31 (Recreation & Sports).
Is Hoboken Community Center Inc a registered 501(c)(3)?
Yes, Hoboken Community Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 221487383.
Does Hoboken Community Center Inc file IRS Form 990?
Yes, Hoboken Community Center Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hoboken Community Center Inc's revenue in 2023?
In the 202312 filing period, Hoboken Community Center Inc reported total revenue of $886,622, total expenses of $332,063, and net assets of $2,489,212.
Is Hoboken Community Center Inc's revenue growing or declining?
Hoboken Community Center Inc's revenue is declining. Revenue went from $1,078,227 (202212) to $886,622 (202312), a -17.8% change. Based on 14 filings on record.
What is Hoboken Community Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hoboken Community Center Inc covers tax period 202312. It shows revenue of $886,622, expenses of $332,063, total assets of $2,489,212, and liabilities of $254,317.
How much does Hoboken Community Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Hoboken Community Center Inc allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hoboken Community Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hoboken Community Center Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hoboken Community Center Inc?
The following concerns were identified: Revenue has been highly volatile, ranging from $18,481 in 2018 to $1,078,227 in 2022, indicating potential instability in funding streams.. The expense-to-revenue ratio is concerning in some years; for example, in 2023, expenses ($332,063) significantly exceeded revenue ($88,662), leading to a deficit.. The organization reported negative expenses (-$6,108) in 2017, which is unusual and warrants further investigation into accounting practices.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hoboken Community Center Inc's strengths?
Positive indicators for Hoboken Community Center Inc include: The organization maintains a substantial asset base, growing from $856,274 in 2019 to $2,638,156 in 2023, indicating strong financial reserves.. Despite revenue fluctuations, the organization has consistently maintained a positive asset balance, demonstrating long-term financial resilience.. The organization has a long operating history, with data available back to 2016, suggesting established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Hoboken Community Center Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are 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 significant increase in assets from $856,274 in 2019 to $2,638,156 in 2023, what specific strategies or capital campaigns contributed to this growth, especially considering the highly volatile revenue during the same period?
The provided data does not detail the specific strategies or capital campaigns. However, such a substantial increase in assets amidst volatile revenue suggests potential large, infrequent donations, successful grant applications, or significant investment gains that are not directly reflected in annual revenue figures.
How does the organization manage its operational expenses and program delivery during years with extremely low revenue, such as $18,481 in 2018, while still maintaining its asset base and avoiding significant liabilities?
The ability to maintain assets and avoid significant liabilities during low-revenue years suggests that the organization likely relies on its existing asset base, reserves, or prior year surpluses to cover operational costs. It may also indicate a highly flexible cost structure or a reliance on volunteer efforts during lean periods.
Filing History
IRS 990 filing history for Hoboken Community Center Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hoboken Community Center Inc's revenue has grown by 178.8%, moving from $318K to $887K. Total assets increased by 201.6% over the same period, from $825K to $2.5M. Total functional expenses fell by 51.8%, from $689K to $332K. In its most recent filing year (2023), Hoboken Community Center Inc reported a surplus of $555K, with revenue exceeding expenses. The organization holds $254K in liabilities against $2.5M in assets (debt-to-asset ratio: 10.2%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $887K | $332K | $2.5M | $254K | — | — |
| 2022 | $1.1M | $320K | $2.4M | $738K | — | View 990 |
| 2021 | $184K | $154K | $1.1M | $185K | — | View 990 |
| 2020 | $249K | $147K | $1.0M | $188K | — | View 990 |
| 2019 | $26K | $38K | $856K | $144K | — | View 990 |
| 2018 | $18K | $15K | $908K | $182K | — | View 990 |
| 2017 | $23K | $-6,108 | $889K | $168K | — | View 990 |
| 2016 | $8K | $21K | $886K | $193K | — | View 990 |
| 2015 | $19K | $73K | $910K | $205K | — | View 990 |
| 2014 | $30K | $52K | $961K | $201K | — | — |
| 2013 | $1.1M | $34K | $961K | $178K | — | — |
| 2012 | $186K | $372K | $596K | $921K | — | — |
| 2011 | $709K | $416K | $571K | $709K | — | — |
| 2010 | $318K | $689K | $825K | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $887K, expenses of $332K, and assets of $2.5M (revenue -17.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $320K, and assets of $2.4M (revenue +487.1% year-over-year).
- 2021: Revenue of $184K, expenses of $154K, and assets of $1.1M (revenue -26.4% year-over-year).
- 2020: Revenue of $249K, expenses of $147K, and assets of $1.0M (revenue +859.9% year-over-year).
- 2019: Revenue of $26K, expenses of $38K, and assets of $856K (revenue +40.6% year-over-year).
- 2018: Revenue of $18K, expenses of $15K, and assets of $908K (revenue -18.4% year-over-year).
- 2017: Revenue of $23K, expenses of $-6,108, and assets of $889K (revenue +200.5% year-over-year).
- 2016: Revenue of $8K, expenses of $21K, and assets of $886K (revenue -60.7% year-over-year).
- 2015: Revenue of $19K, expenses of $73K, and assets of $910K (revenue -35.4% year-over-year).
- 2014: Revenue of $30K, expenses of $52K, and assets of $961K (revenue -97.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $34K, and assets of $961K (revenue +513.6% year-over-year).
- 2012: Revenue of $186K, expenses of $372K, and assets of $596K (revenue -73.8% year-over-year).
- 2011: Revenue of $709K, expenses of $416K, and assets of $571K (revenue +122.8% year-over-year).
- 2010: Revenue of $318K, expenses of $689K, and assets of $825K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoboken Community Center Inc:
Data Sources and Methodology
This transparency report for Hoboken Community Center 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.