Holland Christian Home Foundation Inc

Holland Christian Home Foundation Inc. shows volatile financial performance with recent deficits and declining assets.

EIN: 200286031 · North Haledon, NJ · NTEE: B82 · Updated: 2026-03-28

$160KRevenue

$1.1MAssets

65/100Mission Score (Good)

B82

About Holland Christian Home Foundation Inc

Holland Christian Home Foundation Inc (EIN: 200286031) is a nonprofit organization based in North Haledon, NJ, classified under NTEE code B82. The organization reported total revenue of $160K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holland Christian Home Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Holland Christian Home Foundation Inc. exhibits fluctuating financial performance over the past several years, with significant swings in both revenue and expenses. For instance, in 2023, the organization reported revenue of $565,805 against expenses of $1,182,167, indicating a substantial deficit. This contrasts sharply with 2021, where revenue of $1,623,648 significantly outpaced expenses of $491,013. The organization's assets have also seen considerable variation, peaking at $4,658,671 in 2019 and declining to $1,026,807 in 2023. 

While the foundation consistently reports 0% officer compensation, which is a positive indicator for resource allocation, the inconsistent financial results and the recent trend of expenses exceeding revenue (e.g., 2023 and 2022) raise questions about long-term sustainability and financial planning. The latest reported revenue of $160,106 is significantly lower than previous years, suggesting a potential decline in funding or a shift in operational scale. Further investigation into the nature of these fluctuations and the specific allocation of expenses would be beneficial to fully assess spending efficiency and overall financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Holland Christian Home Foundation 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: 20%
programs: 70%
fundraising: 10%

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

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that no officers or key employees receive compensation directly from the foundation, which is a strong positive for resource allocation.

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 Holland Christian Home Foundation Inc's IRS 990 filings:

Significant and consistent deficits in recent years (e.g., 2023 expenses $1.18M vs. revenue $0.56M; 2022 expenses $3.85M vs. revenue $1.41M).
Substantial decline in total assets from $4.65M in 2019 to $1.02M in 2023.
Highly volatile revenue and expense figures year-over-year, indicating unpredictable financial planning or external factors.
Large increase in liabilities to $1,520,000 in 2023, compared to minimal liabilities in prior years.

Strengths

The following positive indicators were identified for Holland Christian Home Foundation Inc:

Consistent reporting of 0% officer compensation, indicating efficient use of funds for leadership.
Long filing history (12 filings), suggesting established operations and compliance.
Maintained over $1 million in assets as of 2023, providing some financial cushion despite recent declines.

Frequently Asked Questions about Holland Christian Home Foundation Inc

Is Holland Christian Home Foundation Inc. a good charity?

The foundation demonstrates a commitment to not compensating its officers, which is positive. However, its financial stability is a concern due to significant revenue and expense fluctuations and recent deficits, making it difficult to definitively label it as 'good' without more context on its program impact and funding strategy.

Why are expenses consistently higher than revenue in recent years?

In 2023, expenses ($1,182,167) were more than double the revenue ($565,805), and in 2022, expenses ($3,858,147) were significantly higher than revenue ($1,417,917). This trend suggests the organization may be drawing down reserves or facing funding challenges.

What caused the substantial decrease in assets from $4.6 million in 2019 to $1.0 million in 2023?

The significant decline in assets, particularly the drop from $1,622,957 in 2022 to $1,026,807 in 2023, warrants investigation. This could be due to asset sales, investment losses, or using reserves to cover operational deficits.

What is the nature of the liabilities reported, especially the $1,520,000 in 2023?

The sudden increase in liabilities to $1,520,000 in 2023, compared to $7,502 in 2022, is a significant change that needs clarification. This could represent new debt, deferred revenue, or other financial obligations.

Filing History

IRS 990 filing history for Holland Christian Home Foundation Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Holland Christian Home Foundation Inc's revenue has grown by 61.1%, moving from $351K to $566K. Total assets decreased by 61.7% over the same period, from $2.7M to $1.0M. Total functional expenses rose by 232.6%, from $355K to $1.2M. In its most recent filing year (2023), Holland Christian Home Foundation Inc reported a deficit of $616K, with expenses exceeding revenue. The organization holds $2K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$566K	$1.2M	$1.0M	$2K	—	View 990
2022	$1.4M	$3.9M	$1.6M	$8K	—	View 990
2021	$1.6M	$491K	$4.5M	$11K	—	View 990
2020	$516K	$1.4M	$3.4M	$57K	—	View 990
2019	$1.8M	$557K	$4.7M	$19K	—	View 990
2018	$527K	$967K	$4.2M	$661K	—	View 990
2017	$444K	$279K	$3.4M	$68K	—	View 990
2016	$477K	$301K	$3.0M	$13K	—	View 990
2015	$305K	$401K	$3.0M	$145K	—	View 990
2014	$275K	$411K	$2.8M	$12K	—	View 990
2013	$280K	$409K	$2.6M	$14K	—	View 990
2012	$351K	$355K	$2.7M	$52K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $566K, expenses of $1.2M, and assets of $1.0M (revenue -60.1% year-over-year).
2022: Revenue of $1.4M, expenses of $3.9M, and assets of $1.6M (revenue -12.7% year-over-year).
2021: Revenue of $1.6M, expenses of $491K, and assets of $4.5M (revenue +214.9% year-over-year).
2020: Revenue of $516K, expenses of $1.4M, and assets of $3.4M (revenue -70.9% year-over-year).
2019: Revenue of $1.8M, expenses of $557K, and assets of $4.7M (revenue +235.9% year-over-year).
2018: Revenue of $527K, expenses of $967K, and assets of $4.2M (revenue +18.8% year-over-year).
2017: Revenue of $444K, expenses of $279K, and assets of $3.4M (revenue -7.0% year-over-year).
2016: Revenue of $477K, expenses of $301K, and assets of $3.0M (revenue +56.4% year-over-year).
2015: Revenue of $305K, expenses of $401K, and assets of $3.0M (revenue +10.9% year-over-year).
2014: Revenue of $275K, expenses of $411K, and assets of $2.8M (revenue -1.7% year-over-year).
2013: Revenue of $280K, expenses of $409K, and assets of $2.6M (revenue -20.2% year-over-year).
2012: Revenue of $351K, expenses of $355K, and assets of $2.7M.

Data Sources and Methodology

This transparency report for Holland Christian Home Foundation 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.