Holy Redeemer Visiting Nurse Agency
Holy Redeemer VNA: Declining Revenue, Stable Assets, and Program Focus
EIN: 222424253 · Egg Harbor Township, NJ · NTEE: E92Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.0M |
| Total Expenses | $17.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $49.5M |
| Transparency Score | 75/100 |
Is Holy Redeemer Visiting Nurse Agency Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holy Redeemer Visiting Nurse Agency directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holy Redeemer Visiting Nurse Agency
Holy Redeemer Visiting Nurse Agency (EIN: 222424253) is a nonprofit organization based in Egg Harbor Township, NJ, classified under NTEE code E92Z. The organization reported total revenue of $16.0M and total assets of $50.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holy Redeemer Visiting Nurse Agency's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holy Redeemer Visiting Nurse Agency is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $17.7M |
| Total Expenses | $17.7M |
| Surplus / Deficit | +$25K |
| Total Assets | $52.3M |
| Total Liabilities | $2.8M |
| Net Assets | $49.5M |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 5.4% |
| Months of Reserves | 35.5 months |
Financial Health Grade: A
In 2023, Holy Redeemer Visiting Nurse Agency reported a surplus of $25K with revenue exceeding expenses, holds 35.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holy Redeemer Visiting Nurse Agency's revenue has declined at a compound annual growth rate (CAGR) of -5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.7% | -6.2% | -58.3% |
| 2022 | -9.6% | -14.6% | +6.1% |
| 2021 | +2.7% | -11.5% | +20.1% |
| 2020 | -12.0% | -7.0% | +27.2% |
| 2019 | -1.3% | -7.2% | +29.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1946 |
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 Visiting Nurse Agency with a Mission Score of 75 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Holy Redeemer Visiting Nurse Agency allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $200,000 in recent filings.
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 Visiting Nurse Agency's IRS 990 filings:
- Significant decline in revenue from $34.4M in 2016 to $16.0M in 2023, raising questions about long-term sustainability.
- Large fluctuations in total assets, from $39.9M in 2016 to $125.5M in 2022, then down to $50.8M in 2023, warrant further investigation.
- The 'c0%' in financial data is unclear and could indicate missing or unstated compensation, or a specific reporting method.
Strengths
The following positive indicators were identified for Holy Redeemer Visiting Nurse Agency:
- Consistent focus on program expenses, indicating a strong commitment to its mission.
- Maintained substantial assets despite revenue decline, suggesting good financial management or significant non-operating income.
- Long operational history (data back to 2016) demonstrates resilience and established presence.
Frequently Asked Questions about Holy Redeemer Visiting Nurse Agency
Is Holy Redeemer Visiting Nurse Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, Holy Redeemer Visiting Nurse Agency (EIN: 222424253) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Holy Redeemer Visiting Nurse Agency spend its money?
Holy Redeemer Visiting Nurse Agency directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Holy Redeemer Visiting Nurse Agency tax-deductible?
Holy Redeemer Visiting Nurse Agency is registered as a tax-exempt nonprofit (EIN: 222424253). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holy Redeemer Visiting Nurse Agency CEO make?
Holy Redeemer Visiting Nurse Agency's highest-compensated officer earns $200,000 annually. The organization reported $16.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holy Redeemer Visiting Nurse Agency's spending goes to programs?
Holy Redeemer Visiting Nurse Agency directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Holy Redeemer Visiting Nurse Agency compare to similar nonprofits?
With a transparency score of 75/100 (Good), Holy Redeemer Visiting Nurse Agency is above average for NTEE category E92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Holy Redeemer Visiting Nurse Agency located?
Holy Redeemer Visiting Nurse Agency is headquartered in Egg Harbor Township, New Jersey and files with the IRS under EIN 222424253. It is classified under NTEE code E92Z.
How many years of IRS 990 filings does Holy Redeemer Visiting Nurse Agency have?
Holy Redeemer Visiting Nurse Agency 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 $16.0M in total revenue.
What does Holy Redeemer Visiting Nurse Agency do?
Holy Redeemer Visiting Nurse Agency is a nonprofit organization in the Health Care sector, located in Egg Harbor Township, New Jersey. It is classified under NTEE code E92Z.
How much revenue does Holy Redeemer Visiting Nurse Agency have?
Holy Redeemer Visiting Nurse Agency reported total revenue of $16,001,438. Based on 13 IRS 990 filings on record.
What are Holy Redeemer Visiting Nurse Agency's total assets?
Holy Redeemer Visiting Nurse Agency holds total assets of $50,878,835 as reported in IRS 990 filings.
Where is Holy Redeemer Visiting Nurse Agency located?
Holy Redeemer Visiting Nurse Agency is based in Egg Harbor Township, New Jersey.
What is Holy Redeemer Visiting Nurse Agency's EIN?
Holy Redeemer Visiting Nurse Agency's Employer Identification Number (EIN) is 222424253. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holy Redeemer Visiting Nurse Agency?
Holy Redeemer Visiting Nurse Agency is classified under NTEE code E92Z (Health Care).
Is Holy Redeemer Visiting Nurse Agency a registered 501(c)(3)?
Yes, Holy Redeemer Visiting Nurse Agency is recognized as a tax-exempt organization by the IRS. EIN: 222424253.
Does Holy Redeemer Visiting Nurse Agency file IRS Form 990?
Yes, Holy Redeemer Visiting Nurse Agency has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Holy Redeemer Visiting Nurse Agency's revenue in 2023?
In the 202306 filing period, Holy Redeemer Visiting Nurse Agency reported total revenue of $17,716,260, total expenses of $17,691,541, and net assets of $52,330,982.
Is Holy Redeemer Visiting Nurse Agency's revenue growing or declining?
Holy Redeemer Visiting Nurse Agency's revenue is declining. Revenue went from $24,489,222 (202206) to $17,716,260 (202306), a -27.7% change. Based on 13 filings on record.
What is Holy Redeemer Visiting Nurse Agency's most recent 990 filing?
The most recent IRS Form 990 filing for Holy Redeemer Visiting Nurse Agency covers tax period 202306. It shows revenue of $17,716,260, expenses of $17,691,541, total assets of $52,330,982, and liabilities of $2,827,391.
How much does Holy Redeemer Visiting Nurse Agency spend on programs vs administration?
Based on IRS 990 analysis, Holy Redeemer Visiting Nurse Agency allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Holy Redeemer Visiting Nurse Agency a trustworthy charity?
Based on AI analysis of IRS 990 data, Holy Redeemer Visiting Nurse Agency appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Holy Redeemer Visiting Nurse Agency?
The following concerns were identified: Significant decline in revenue from $34.4M in 2016 to $16.0M in 2023, raising questions about long-term sustainability.. Large fluctuations in total assets, from $39.9M in 2016 to $125.5M in 2022, then down to $50.8M in 2023, warrant further investigation.. The 'c0%' in financial data is unclear and could indicate missing or unstated compensation, or a specific reporting method.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holy Redeemer Visiting Nurse Agency's strengths?
Positive indicators for Holy Redeemer Visiting Nurse Agency include: Consistent focus on program expenses, indicating a strong commitment to its mission.. Maintained substantial assets despite revenue decline, suggesting good financial management or significant non-operating income.. Long operational history (data back to 2016) demonstrates resilience and established presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Holy Redeemer Visiting Nurse Agency compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $200,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decline in revenue from $34.4M in 2016 to $16.0M in 2023, and how is the organization adapting?
The provided data shows a consistent downward trend in revenue. Without additional context, it's difficult to pinpoint exact causes, but common factors for VNA's include changes in healthcare reimbursement policies, increased competition, or shifts in service demand. The organization's ability to maintain significant assets despite this decline suggests strategic financial management or other income sources.
What caused the dramatic increase in assets from $39.9M in 2016 to $125.5M in 2022, followed by a decrease to $50.8M in 2023?
Such large fluctuations in assets could be due to significant investments, property acquisitions/sales, or changes in endowment values. The sharp drop from 2022 to 2023 might indicate a divestment, a large capital expenditure, or a reclassification of assets. Further investigation into their balance sheets would be necessary to understand these movements.
Filing History
IRS 990 filing history for Holy Redeemer Visiting Nurse Agency showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holy Redeemer Visiting Nurse Agency's revenue has declined by 50%, moving from $35.4M to $17.7M. Total assets increased by 56.6% over the same period, from $33.4M to $52.3M. Total functional expenses fell by 47.1%, from $33.4M to $17.7M. In its most recent filing year (2023), Holy Redeemer Visiting Nurse Agency reported a surplus of $25K, with revenue exceeding expenses. The organization holds $2.8M in liabilities against $52.3M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $49.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $17.7M | $17.7M | $52.3M | $2.8M | — | — |
| 2022 | $24.5M | $18.9M | $125.5M | $75.7M | — | View 990 |
| 2021 | $27.1M | $22.1M | $118.3M | $72.0M | — | — |
| 2020 | $26.4M | $25.0M | $98.5M | $56.8M | — | — |
| 2019 | $30.0M | $26.9M | $77.4M | $37.0M | — | View 990 |
| 2018 | $30.4M | $29.0M | $59.9M | $22.4M | — | View 990 |
| 2017 | $34.0M | $31.7M | $42.5M | $6.1M | — | View 990 |
| 2016 | $34.4M | $31.9M | $40.0M | $6.0M | — | View 990 |
| 2015 | $33.7M | $31.6M | $37.5M | $6.1M | — | View 990 |
| 2014 | $31.1M | $29.6M | $34.2M | $5.1M | — | View 990 |
| 2013 | $30.8M | $30.3M | $32.2M | $4.7M | — | View 990 |
| 2012 | $30.0M | $31.2M | $32.3M | $5.4M | — | View 990 |
| 2011 | $35.4M | $33.4M | $33.4M | $5.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $17.7M, expenses of $17.7M, and assets of $52.3M (revenue -27.7% year-over-year).
- 2022: Revenue of $24.5M, expenses of $18.9M, and assets of $125.5M (revenue -9.6% year-over-year).
- 2021: Revenue of $27.1M, expenses of $22.1M, and assets of $118.3M (revenue +2.7% year-over-year).
- 2020: Revenue of $26.4M, expenses of $25.0M, and assets of $98.5M (revenue -12.0% year-over-year).
- 2019: Revenue of $30.0M, expenses of $26.9M, and assets of $77.4M (revenue -1.3% year-over-year).
- 2018: Revenue of $30.4M, expenses of $29.0M, and assets of $59.9M (revenue -10.7% year-over-year).
- 2017: Revenue of $34.0M, expenses of $31.7M, and assets of $42.5M (revenue -1.1% year-over-year).
- 2016: Revenue of $34.4M, expenses of $31.9M, and assets of $40.0M (revenue +2.0% year-over-year).
- 2015: Revenue of $33.7M, expenses of $31.6M, and assets of $37.5M (revenue +8.5% year-over-year).
- 2014: Revenue of $31.1M, expenses of $29.6M, and assets of $34.2M (revenue +0.9% year-over-year).
- 2013: Revenue of $30.8M, expenses of $30.3M, and assets of $32.2M (revenue +2.7% year-over-year).
- 2012: Revenue of $30.0M, expenses of $31.2M, and assets of $32.3M (revenue -15.3% year-over-year).
- 2011: Revenue of $35.4M, expenses of $33.4M, and assets of $33.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holy Redeemer Visiting Nurse Agency:
Data Sources and Methodology
This transparency report for Holy Redeemer Visiting Nurse Agency 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.