Home Care And Hospice Association Of New Jersey Inc
Home Care And Hospice Association of New Jersey: Strong Financial Health, High Program Spending
EIN: 222940464 · Cranford, NJ · Updated: 2026-04-04
About Home Care And Hospice Association Of New Jersey Inc
Home Care And Hospice Association Of New Jersey Inc (EIN: 222940464) is a nonprofit organization based in Cranford, NJ. The organization reported total revenue of $1.4M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Home Care And Hospice Association Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Home Care And Hospice Association Of New Jersey Inc with a Mission Score of 85 out of 100 (Excellent). 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, Home Care And Hospice Association Of New Jersey 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.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's revenue and asset size. In 2022, the highest compensated individual received $180,000, which is appropriate for a CEO of an organization with over $896,180 in revenue.
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.
Strengths
The following positive indicators were identified for Home Care And Hospice Association Of New Jersey Inc:
- Consistent revenue generation over several years, demonstrating stable operations.
- Strong asset growth from $1,194,773 in 2016 to $2,583,914 in 2023, indicating good financial management.
- High percentage of expenses dedicated to programs (85%), showing a focus on mission delivery.
- Healthy liquidity with current assets significantly exceeding liabilities.
Frequently Asked Questions about Home Care And Hospice Association Of New Jersey Inc
What does Home Care And Hospice Association Of New Jersey Inc do?
Home Care And Hospice Association Of New Jersey Inc is a nonprofit organization in the Unknown sector, located in Cranford, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Home Care And Hospice Association Of New Jersey Inc have?
Home Care And Hospice Association Of New Jersey Inc reported total revenue of $1,411,620. Based on 13 IRS 990 filings on record.
What are Home Care And Hospice Association Of New Jersey Inc's total assets?
Home Care And Hospice Association Of New Jersey Inc holds total assets of $2,583,914 as reported in IRS 990 filings.
Where is Home Care And Hospice Association Of New Jersey Inc located?
Home Care And Hospice Association Of New Jersey Inc is based in Cranford, New Jersey.
What is Home Care And Hospice Association Of New Jersey Inc's EIN?
Home Care And Hospice Association Of New Jersey Inc's Employer Identification Number (EIN) is 222940464. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Home Care And Hospice Association Of New Jersey Inc?
Home Care And Hospice Association Of New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Home Care And Hospice Association Of New Jersey Inc a registered 501(c)(3)?
Home Care And Hospice Association Of New Jersey Inc appears in IRS records (EIN: 222940464). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Home Care And Hospice Association Of New Jersey Inc file IRS Form 990?
Yes, Home Care And Hospice Association Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Home Care And Hospice Association Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, Home Care And Hospice Association Of New Jersey Inc reported total revenue of $1,040,365, total expenses of $889,699, and net assets of $2,708,266.
Is Home Care And Hospice Association Of New Jersey Inc's revenue growing or declining?
Home Care And Hospice Association Of New Jersey Inc's revenue is growing. Revenue went from $896,180 (202212) to $1,040,365 (202312), a +16.1% change. Based on 13 filings on record.
What is Home Care And Hospice Association Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Home Care And Hospice Association Of New Jersey Inc covers tax period 202312. It shows revenue of $1,040,365, expenses of $889,699, total assets of $2,708,266, and liabilities of $624,130.
How much does Home Care And Hospice Association Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Home Care And Hospice Association Of New Jersey Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Home Care And Hospice Association Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Home Care And Hospice Association Of New Jersey Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Home Care And Hospice Association Of New Jersey Inc's strengths?
Positive indicators for Home Care And Hospice Association Of New Jersey Inc include: Consistent revenue generation over several years, demonstrating stable operations.. Strong asset growth from $1,194,773 in 2016 to $2,583,914 in 2023, indicating good financial management.. High percentage of expenses dedicated to programs (85%), showing a focus on mission delivery.. Healthy liquidity with current assets significantly exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Home Care And Hospice Association Of New Jersey Inc compensate executives?
Executive compensation appears reasonable given the organization's revenue and asset size. In 2022, the highest compensated individual received $180,000, which is appropriate for a CEO of an organization with over $896,180 in revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Home Care And Hospice Association Of New Jersey Inc?
• The organization consistently files its Form 990s, indicating good compliance. • Financial data is readily available through public filings, showing transparency in operations. • No specific transparency report or detailed impact report was immediately found beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to nearly double its assets from $1,390,613 in 2017 to $2,583,914 in 2023 despite fluctuating revenues?
The organization has consistently maintained expenses below revenue in most years, allowing for the accumulation of assets. For example, in 2021, revenue was $944,541 while expenses were $649,789, contributing to asset growth. Strategic investment or retention of surplus funds likely played a significant role.
What specific programs or initiatives account for the majority of the 85% program spending, and how do these align with the organization's mission?
While the financial data confirms a high percentage of spending on programs, the filings do not detail the specific programs. To fully understand this, one would need to review the organization's website or annual reports for descriptions of their home care and hospice support, advocacy, and educational initiatives for members.
Filing History
IRS 990 filing history for Home Care And Hospice Association Of New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Home Care And Hospice Association Of New Jersey Inc's revenue has grown by 20.7%, moving from $862K to $1.0M. Total assets increased by 175.7% over the same period, from $982K to $2.7M. Total functional expenses rose by 5.7%, from $842K to $890K. In its most recent filing year (2023), Home Care And Hospice Association Of New Jersey Inc reported a surplus of $151K, with revenue exceeding expenses. The organization holds $624K in liabilities against $2.7M in assets (debt-to-asset ratio: 23.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $890K | $2.7M | $624K | — | View 990 |
| 2022 | $896K | $892K | $2.2M | $428K | — | View 990 |
| 2021 | $945K | $650K | $2.2M | $216K | — | View 990 |
| 2020 | $852K | $726K | $1.9M | $257K | — | — |
| 2019 | $897K | $862K | $1.5M | $47K | — | View 990 |
| 2018 | $1.0M | $840K | $1.4M | $55K | — | View 990 |
| 2017 | $1.2M | $1.1M | $1.4M | $131K | — | View 990 |
| 2016 | $950K | $963K | $1.2M | $114K | — | View 990 |
| 2015 | $906K | $780K | $1.2M | $97K | — | View 990 |
| 2014 | $812K | $756K | $1.1M | $130K | — | View 990 |
| 2013 | $808K | $742K | $1.0M | $83K | — | View 990 |
| 2012 | $831K | $847K | $939K | $82K | — | View 990 |
| 2011 | $862K | $842K | $982K | $109K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $890K, and assets of $2.7M (revenue +16.1% year-over-year).
- 2022: Revenue of $896K, expenses of $892K, and assets of $2.2M (revenue -5.1% year-over-year).
- 2021: Revenue of $945K, expenses of $650K, and assets of $2.2M (revenue +10.9% year-over-year).
- 2020: Revenue of $852K, expenses of $726K, and assets of $1.9M (revenue -5.0% year-over-year).
- 2019: Revenue of $897K, expenses of $862K, and assets of $1.5M (revenue -10.9% year-over-year).
- 2018: Revenue of $1.0M, expenses of $840K, and assets of $1.4M (revenue -14.5% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +23.9% year-over-year).
- 2016: Revenue of $950K, expenses of $963K, and assets of $1.2M (revenue +4.9% year-over-year).
- 2015: Revenue of $906K, expenses of $780K, and assets of $1.2M (revenue +11.5% year-over-year).
- 2014: Revenue of $812K, expenses of $756K, and assets of $1.1M (revenue +0.5% year-over-year).
- 2013: Revenue of $808K, expenses of $742K, and assets of $1.0M (revenue -2.8% year-over-year).
- 2012: Revenue of $831K, expenses of $847K, and assets of $939K (revenue -3.6% year-over-year).
- 2011: Revenue of $862K, expenses of $842K, and assets of $982K.
Data Sources and Methodology
This transparency report for Home Care And Hospice Association Of New Jersey 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.