Holiday City Association
Holiday City Association: Stable Finances, Low Program Spending
EIN: 221816189 · Toms River, NJ · NTEE: L50 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $263K |
| Total Expenses | $285K |
| Program Spending | 59% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $156K |
| Transparency Score | 60/100 |
Is Holiday City Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holiday City Association directs 59% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Holiday City Association
Holiday City Association (EIN: 221816189) is a nonprofit organization based in Toms River, NJ, classified under NTEE code L50. The organization reported total revenue of $263K and total assets of $330K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holiday City Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holiday City Association is a small nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $285K |
| Surplus / Deficit | $-53,898 |
| Total Assets | $325K |
| Total Liabilities | $170K |
| Net Assets | $156K |
| Operating Margin | -23.3% |
| Debt-to-Asset Ratio | 52.2% |
| Months of Reserves | 13.7 months |
Financial Health Grade: C
In 2023, Holiday City Association reported a deficit of $54K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 52.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holiday City Association's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.7% | +58.8% | -6.4% |
| 2022 | +9.7% | -7.7% | +1.1% |
| 2021 | -2.1% | +55.8% | +17.3% |
| 2020 | -2.1% | -11.2% | +21.0% |
| 2019 | -3.4% | -3.5% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1971 |
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 Holiday City Association with a Mission Score of 60 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: 20%
- programs: 59%
- fundraising: 21%
According to IRS 990 filings, Holiday City Association allocates its expenses as follows: admin: 20%, programs: 59%, fundraising: 21%. Approximately 59% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.2%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure.
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 Holiday City Association's IRS 990 filings:
- Program spending (59%) is lower than ideal for a nonprofit, with a significant portion going to administrative and fundraising costs.
- The organization consistently reports $0 for executive compensation, which, while potentially a strength, could also indicate a lack of professional leadership or underreporting if significant in-kind benefits are provided.
- Liabilities have shown an increasing trend over the years, from $112,996 in 2020 to $169,515 in 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Holiday City Association:
- The organization consistently maintains a positive net asset position, indicating financial stability.
- Revenue has shown a positive trend in recent years, increasing from $182,089 in 2021 to $230,951 in 2023.
- The organization has consistently reported $0 in executive compensation, suggesting a lean operational model or volunteer leadership.
Frequently Asked Questions about Holiday City Association
Is Holiday City Association a legitimate charity?
Holiday City Association (EIN: 221816189) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $263K. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Holiday City Association spend its money?
Holiday City Association directs 59% of its spending to programs and services. Fundraising costs 21%. This falls below the 65% benchmark.
Are donations to Holiday City Association tax-deductible?
Holiday City Association is registered as a tax-exempt nonprofit (EIN: 221816189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holiday City Association CEO make?
Holiday City Association's highest-compensated officer earns $0 annually. The organization reported $263K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holiday City Association's spending goes to programs?
Holiday City Association directs 59% to programs, 21% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Holiday City Association compare to similar nonprofits?
With a transparency score of 60/100 (Good), Holiday City Association is above average for NTEE category L50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holiday City Association located?
Holiday City Association is headquartered in Toms River, New Jersey and files with the IRS under EIN 221816189. It is classified under NTEE code L50.
How many years of IRS 990 filings does Holiday City Association have?
Holiday City Association 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 $263K in total revenue.
What does Holiday City Association do?
Holiday City Association is a nonprofit organization in the Housing & Shelter sector, located in Toms River, New Jersey. It is classified under NTEE code L50.
How much revenue does Holiday City Association have?
Holiday City Association reported total revenue of $263,454. Based on 13 IRS 990 filings on record.
What are Holiday City Association's total assets?
Holiday City Association holds total assets of $330,360 as reported in IRS 990 filings.
Where is Holiday City Association located?
Holiday City Association is based in Toms River, New Jersey.
What is Holiday City Association's EIN?
Holiday City Association's Employer Identification Number (EIN) is 221816189. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holiday City Association?
Holiday City Association is classified under NTEE code L50 (Housing & Shelter).
Is Holiday City Association a registered 501(c)(3)?
Yes, Holiday City Association is recognized as a tax-exempt organization by the IRS. EIN: 221816189.
Does Holiday City Association file IRS Form 990?
Yes, Holiday City Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holiday City Association's revenue in 2023?
In the 202312 filing period, Holiday City Association reported total revenue of $230,951, total expenses of $284,849, and net assets of $325,029.
Is Holiday City Association's revenue growing or declining?
Holiday City Association's revenue is growing. Revenue went from $199,665 (202212) to $230,951 (202312), a +15.7% change. Based on 13 filings on record.
What is Holiday City Association's most recent 990 filing?
The most recent IRS Form 990 filing for Holiday City Association covers tax period 202312. It shows revenue of $230,951, expenses of $284,849, total assets of $325,029, and liabilities of $169,515.
How much does Holiday City Association spend on programs vs administration?
Based on IRS 990 analysis, Holiday City Association allocates approximately 59% of expenses to program services, 20% to administrative costs, and 21% to fundraising. Program spending is moderate relative to overhead.
Is Holiday City Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Holiday City Association shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Holiday City Association?
The following concerns were identified: Program spending (59%) is lower than ideal for a nonprofit, with a significant portion going to administrative and fundraising costs.. The organization consistently reports $0 for executive compensation, which, while potentially a strength, could also indicate a lack of professional leadership or underreporting if significant in-kind benefits are provided.. Liabilities have shown an increasing trend over the years, from $112,996 in 2020 to $169,515 in 2023, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holiday City Association's strengths?
Positive indicators for Holiday City Association include: The organization consistently maintains a positive net asset position, indicating financial stability.. Revenue has shown a positive trend in recent years, increasing from $182,089 in 2021 to $230,951 in 2023.. The organization has consistently reported $0 in executive compensation, suggesting a lean operational model or volunteer leadership.. These findings are derived from AI analysis of the organization's financial filings.
How does Holiday City Association compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Holiday City Association?
- The organization's 990-EZ filings are publicly available, providing basic financial data. - Detailed program descriptions and impact reports are not readily accessible from the provided data. - No specific transparency report or annual report was found within the provided financial data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent $0 executive compensation, how does Holiday City Association ensure effective leadership and operational continuity, especially with increasing liabilities?
The consistent $0 executive compensation suggests a volunteer-driven model. While this can reduce overhead, it raises questions about the sustainability of leadership, professional expertise, and the capacity to manage increasing liabilities effectively without paid, dedicated executive oversight. Further inquiry into their governance structure and succession planning would be beneficial.
What specific programs or services does Holiday City Association provide, given that only 59% of expenses are allocated to programs?
The provided data does not detail specific programs. With 59% of expenses allocated to programs, it's crucial to understand what these programs entail and their impact to assess the efficiency and effectiveness of the spending. The remaining 41% for administrative and fundraising costs is relatively high for a program-focused organization.
Filing History
IRS 990 filing history for Holiday City Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holiday City Association's revenue has grown by 78.9%, moving from $129K to $231K. Total assets increased by 132% over the same period, from $140K to $325K. Total functional expenses fell by 25.1%, from $380K to $285K. In its most recent filing year (2023), Holiday City Association reported a deficit of $54K, with expenses exceeding revenue. The organization holds $170K in liabilities against $325K in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $156K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $285K | $325K | $170K | — | — |
| 2022 | $200K | $179K | $347K | $138K | — | View 990 |
| 2021 | $182K | $194K | $343K | $154K | — | View 990 |
| 2020 | $186K | $125K | $293K | $113K | — | — |
| 2019 | $190K | $140K | $242K | $124K | — | View 990 |
| 2018 | $197K | $146K | $202K | $133K | — | View 990 |
| 2017 | $185K | $153K | $186K | $169K | — | — |
| 2016 | $132K | $131K | $164K | $179K | — | View 990 |
| 2015 | $153K | $152K | $147K | $163K | — | View 990 |
| 2014 | $153K | $129K | $154K | $171K | — | View 990 |
| 2013 | $91K | $114K | $130K | $181K | — | View 990 |
| 2012 | $125K | $123K | $133K | $189K | — | View 990 |
| 2011 | $129K | $380K | $140K | $198K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $285K, and assets of $325K (revenue +15.7% year-over-year).
- 2022: Revenue of $200K, expenses of $179K, and assets of $347K (revenue +9.7% year-over-year).
- 2021: Revenue of $182K, expenses of $194K, and assets of $343K (revenue -2.1% year-over-year).
- 2020: Revenue of $186K, expenses of $125K, and assets of $293K (revenue -2.1% year-over-year).
- 2019: Revenue of $190K, expenses of $140K, and assets of $242K (revenue -3.4% year-over-year).
- 2018: Revenue of $197K, expenses of $146K, and assets of $202K (revenue +6.2% year-over-year).
- 2017: Revenue of $185K, expenses of $153K, and assets of $186K (revenue +40.0% year-over-year).
- 2016: Revenue of $132K, expenses of $131K, and assets of $164K (revenue -13.6% year-over-year).
- 2015: Revenue of $153K, expenses of $152K, and assets of $147K (revenue -0.3% year-over-year).
- 2014: Revenue of $153K, expenses of $129K, and assets of $154K (revenue +68.7% year-over-year).
- 2013: Revenue of $91K, expenses of $114K, and assets of $130K (revenue -27.3% year-over-year).
- 2012: Revenue of $125K, expenses of $123K, and assets of $133K (revenue -3.1% year-over-year).
- 2011: Revenue of $129K, expenses of $380K, and assets of $140K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holiday City Association:
Data Sources and Methodology
This transparency report for Holiday City Association 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.