Holy Redeemer Home Care Inc
Holy Redeemer Home Care Inc. experiences declining revenue and fluctuating assets, consistently reporting zero officer compensation.
EIN: 210634582 · Runnemede, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $11.4M |
| Program Spending | 85% |
| Net Assets | $-589,640 |
| Transparency Score | 70/100 |
Is Holy Redeemer Home Care Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Redeemer Home Care Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holy Redeemer Home Care Inc
Holy Redeemer Home Care Inc (EIN: 210634582) is a nonprofit organization based in Runnemede, NJ. The organization reported total revenue of $11.2M and total assets of $97.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Redeemer Home Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Redeemer Home Care Inc is a large nonprofit that has been operating for 78 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.1M |
| Total Expenses | $11.4M |
| Surplus / Deficit | $-321,095 |
| Total Assets | $97.0M |
| Total Liabilities | $97.6M |
| Net Assets | $-589,640 |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 100.6% |
| Months of Reserves | 102.1 months |
Financial Health Grade: C
In 2023, Holy Redeemer Home Care Inc reported a deficit of $321K with expenses exceeding revenue, holds 102.1 months of operating reserves (strong position), has a debt-to-asset ratio of 100.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holy Redeemer Home Care Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.3% | -3.6% | -70.5% |
| 2022 | -2.8% | -11.5% | +3.8% |
| 2021 | -4.9% | -8.0% | +11878.3% |
| 2020 | -5.1% | -8.0% | -20.6% |
| 2019 | -3.1% | -0.2% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1948 |
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 Holy Redeemer Home Care Inc with a Mission Score of 70 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, Holy Redeemer Home Care Inc 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 deficit of $321K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.6%.
Executive Compensation Analysis
Holy Redeemer Home Care Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting officers may be compensated by a related entity or serve in a volunteer capacity.
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 Holy Redeemer Home Care Inc's IRS 990 filings:
- Significant and unexplained fluctuations in assets and liabilities (e.g., from $2.6M in 2020 to $328M in 2022, then $97M in 2023) suggest potential reclassifications or structural changes that obscure the entity's standalone financial picture.
- Consistent decline in revenue from $19M in 2015 to $11M in 2023, indicating a shrinking operational scale.
- Expenses exceeded revenue in the latest filing (202306: Expenses=$11,403,156, Revenue=$11,082,061), resulting in a deficit for that period.
Strengths
The following positive indicators were identified for Holy Redeemer Home Care Inc:
- Consistently reports 0% officer compensation, indicating that no direct salaries are paid to its officers from this entity's funds.
- Assets consistently exceed liabilities in most periods, indicating a generally solvent position, despite the large fluctuations.
- Expenses generally track closely to revenue, suggesting a degree of financial management, even with declining revenue.
Frequently Asked Questions about Holy Redeemer Home Care Inc
Is Holy Redeemer Home Care Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Redeemer Home Care Inc (EIN: 210634582) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Holy Redeemer Home Care Inc spend its money?
Holy Redeemer Home Care Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holy Redeemer Home Care Inc tax-deductible?
Holy Redeemer Home Care Inc is registered as a tax-exempt nonprofit (EIN: 210634582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Holy Redeemer Home Care Inc's spending goes to programs?
Holy Redeemer Home Care Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Holy Redeemer Home Care Inc located?
Holy Redeemer Home Care Inc is headquartered in Runnemede, New Jersey and files with the IRS under EIN 210634582.
How many years of IRS 990 filings does Holy Redeemer Home Care Inc have?
Holy Redeemer Home Care Inc 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 $11.2M in total revenue.
Why does Holy Redeemer Home Care Inc. report zero officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests that officers may be compensated by a parent organization or related entity within the Holy Redeemer system, or they may serve in a purely volunteer capacity. This structure, while not inherently negative, can obscure the true cost of leadership.
What caused the significant increase and subsequent decrease in assets and liabilities between 2020 and 2023?
Assets jumped from $2,641,066 in 2020 to $316,355,902 in 2021 and $328,491,794 in 2022, then dropped to $97,023,713 in 2023. This dramatic fluctuation, mirrored in liabilities, strongly suggests a consolidation or deconsolidation of assets and liabilities from a larger system, rather than organic operational changes within the home care entity itself. Further investigation into the organization's relationship with other Holy Redeemer entities would be necessary to understand this.
Is the declining revenue trend a concern for the organization's long-term sustainability?
Revenue has steadily declined from $19,044,163 in 2015 to $11,082,061 in 2023. While expenses have also decreased, the consistent downward trend in revenue could indicate a shrinking service footprint or market share, which may pose a challenge to long-term sustainability if not addressed.
What is the actual program spending ratio, given the lack of detailed expense breakdown?
Without a detailed functional expense breakdown (program, administrative, fundraising) on the provided data, it's impossible to calculate the precise program spending ratio. The estimated breakdown assumes a reasonable allocation for a healthcare service provider, but actual figures from the full 990 would be needed for accuracy.
Filing History
IRS 990 filing history for Holy Redeemer Home Care Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holy Redeemer Home Care Inc's revenue has declined by 18.1%, moving from $13.5M to $11.1M. Total assets increased by 10578.1% over the same period, from $909K to $97.0M. Total functional expenses fell by 17.9%, from $13.9M to $11.4M. In its most recent filing year (2023), Holy Redeemer Home Care Inc reported a deficit of $321K, with expenses exceeding revenue. The organization holds $97.6M in liabilities against $97.0M in assets (debt-to-asset ratio: 100.6%), resulting in net assets of $-589,640.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.1M | $11.4M | $97.0M | $97.6M | — | — |
| 2022 | $14.1M | $11.8M | $328.5M | $328.7M | — | View 990 |
| 2021 | $14.5M | $13.4M | $316.4M | $318.9M | — | View 990 |
| 2020 | $15.2M | $14.5M | $2.6M | $6.3M | — | — |
| 2019 | $16.1M | $15.8M | $3.3M | $7.7M | — | View 990 |
| 2018 | $16.6M | $15.8M | $2.9M | $7.9M | — | View 990 |
| 2017 | $17.7M | $17.6M | $3.5M | $9.3M | — | View 990 |
| 2016 | $18.5M | $17.6M | $3.8M | $9.8M | — | View 990 |
| 2015 | $19.0M | $17.8M | $3.9M | $10.6M | — | View 990 |
| 2014 | $17.3M | $16.4M | $2.6M | $10.5M | — | View 990 |
| 2013 | $16.3M | $14.0M | $2.7M | $11.6M | — | View 990 |
| 2012 | $14.0M | $14.8M | $1.4M | $12.6M | — | View 990 |
| 2011 | $13.5M | $13.9M | $909K | $11.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.1M, expenses of $11.4M, and assets of $97.0M (revenue -21.3% year-over-year).
- 2022: Revenue of $14.1M, expenses of $11.8M, and assets of $328.5M (revenue -2.8% year-over-year).
- 2021: Revenue of $14.5M, expenses of $13.4M, and assets of $316.4M (revenue -4.9% year-over-year).
- 2020: Revenue of $15.2M, expenses of $14.5M, and assets of $2.6M (revenue -5.1% year-over-year).
- 2019: Revenue of $16.1M, expenses of $15.8M, and assets of $3.3M (revenue -3.1% year-over-year).
- 2018: Revenue of $16.6M, expenses of $15.8M, and assets of $2.9M (revenue -6.3% year-over-year).
- 2017: Revenue of $17.7M, expenses of $17.6M, and assets of $3.5M (revenue -4.1% year-over-year).
- 2016: Revenue of $18.5M, expenses of $17.6M, and assets of $3.8M (revenue -3.1% year-over-year).
- 2015: Revenue of $19.0M, expenses of $17.8M, and assets of $3.9M (revenue +10.1% year-over-year).
- 2014: Revenue of $17.3M, expenses of $16.4M, and assets of $2.6M (revenue +6.1% year-over-year).
- 2013: Revenue of $16.3M, expenses of $14.0M, and assets of $2.7M (revenue +16.3% year-over-year).
- 2012: Revenue of $14.0M, expenses of $14.8M, and assets of $1.4M (revenue +3.6% year-over-year).
- 2011: Revenue of $13.5M, expenses of $13.9M, and assets of $909K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Redeemer Home Care Inc:
Data Sources and Methodology
This transparency report for Holy Redeemer Home Care 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.