Homefirst Interfaith Housing And Family Services Inc
Homefirst Interfaith Housing: Declining Revenue and Asset Base Raise Concerns
EIN: 222698334 · Plainfield, NJ · NTEE: P600 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $338K |
| Total Expenses | $367K |
| Program Spending | 75% |
| Net Assets | $1.5M |
| Transparency Score | 65/100 |
Is Homefirst Interfaith Housing And Family Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homefirst Interfaith Housing And Family Services Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homefirst Interfaith Housing And Family Services Inc
Homefirst Interfaith Housing And Family Services Inc (EIN: 222698334) is a nonprofit organization based in Plainfield, NJ, classified under NTEE code P600. The organization reported total revenue of $338K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homefirst Interfaith Housing And Family Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homefirst Interfaith Housing And Family Services Inc is a small nonprofit that has been operating for 40 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -17.8%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $338K |
| Total Expenses | $367K |
| Surplus / Deficit | $-29,510 |
| Total Assets | $2.9M |
| Total Liabilities | $1.4M |
| Net Assets | $1.5M |
| Operating Margin | -8.7% |
| Debt-to-Asset Ratio | 47.7% |
| Months of Reserves | 94.0 months |
Financial Health Grade: B
In 2020, Homefirst Interfaith Housing And Family Services Inc reported a deficit of $30K with expenses exceeding revenue, holds 94.0 months of operating reserves (strong position), has a debt-to-asset ratio of 47.7% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2020), Homefirst Interfaith Housing And Family Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -17.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -53.0% | -48.9% | -64.8% |
| 2019 | -7.3% | -30.6% | +1.4% |
| 2018 | -56.0% | -54.4% | -3.8% |
| 2017 | -17.5% | -11.9% | -7.7% |
| 2016 | -12.0% | +9.6% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Homefirst Interfaith Housing And Family Services 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Homefirst Interfaith Housing And Family Services Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $30K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.7%.
Executive Compensation Analysis
Executive compensation could not be assessed as specific figures for individual executives were not provided in the given data.
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 Homefirst Interfaith Housing And Family Services Inc's IRS 990 filings:
- Significant decline in revenue from $2,427,605 in 2015 to $337,526 in 2020, representing an 86% decrease.
- Assets have decreased substantially from $9,508,429 in 2015 to $2,876,611 in 2020, a 70% reduction.
- Expenses consistently exceeded revenue in multiple years (e.g., 2020: revenue $337,526, expenses $367,036; 2018: revenue $774,419, expenses $1,033,681).
- The organization's financial health appears to be deteriorating based on the provided trends.
Strengths
The following positive indicators were identified for Homefirst Interfaith Housing And Family Services Inc:
- Long-standing presence in the community since at least 2013, indicating sustained operations.
- Focus on housing and family services addresses critical community needs.
Frequently Asked Questions about Homefirst Interfaith Housing And Family Services Inc
Is Homefirst Interfaith Housing And Family Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Homefirst Interfaith Housing And Family Services Inc (EIN: 222698334) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Homefirst Interfaith Housing And Family Services Inc spend its money?
Homefirst Interfaith Housing And Family Services Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Homefirst Interfaith Housing And Family Services Inc tax-deductible?
Homefirst Interfaith Housing And Family Services Inc is registered as a tax-exempt nonprofit (EIN: 222698334). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Homefirst Interfaith Housing And Family Services Inc's spending goes to programs?
Homefirst Interfaith Housing And Family Services Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homefirst Interfaith Housing And Family Services Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Homefirst Interfaith Housing And Family Services Inc is above average for NTEE category P600 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homefirst Interfaith Housing And Family Services Inc located?
Homefirst Interfaith Housing And Family Services Inc is headquartered in Plainfield, New Jersey and files with the IRS under EIN 222698334. It is classified under NTEE code P600.
How many years of IRS 990 filings does Homefirst Interfaith Housing And Family Services Inc have?
Homefirst Interfaith Housing And Family Services Inc has 10 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 $338K in total revenue.
What does Homefirst Interfaith Housing And Family Services Inc do?
Homefirst Interfaith Housing And Family Services Inc is a nonprofit organization in the Human Services sector, located in Plainfield, New Jersey. It is classified under NTEE code P600.
How much revenue does Homefirst Interfaith Housing And Family Services Inc have?
Homefirst Interfaith Housing And Family Services Inc reported total revenue of $337,526. Based on 10 IRS 990 filings on record.
What are Homefirst Interfaith Housing And Family Services Inc's total assets?
Homefirst Interfaith Housing And Family Services Inc holds total assets of $2,876,611 as reported in IRS 990 filings.
Where is Homefirst Interfaith Housing And Family Services Inc located?
Homefirst Interfaith Housing And Family Services Inc is based in Plainfield, New Jersey.
What is Homefirst Interfaith Housing And Family Services Inc's EIN?
Homefirst Interfaith Housing And Family Services Inc's Employer Identification Number (EIN) is 222698334. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Homefirst Interfaith Housing And Family Services Inc?
Homefirst Interfaith Housing And Family Services Inc is classified under NTEE code P600 (Human Services).
Is Homefirst Interfaith Housing And Family Services Inc a registered 501(c)(3)?
Yes, Homefirst Interfaith Housing And Family Services Inc is recognized as a tax-exempt organization by the IRS. EIN: 222698334.
Does Homefirst Interfaith Housing And Family Services Inc file IRS Form 990?
Yes, Homefirst Interfaith Housing And Family Services Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202012.
What was Homefirst Interfaith Housing And Family Services Inc's revenue in 2020?
In the 202012 filing period, Homefirst Interfaith Housing And Family Services Inc reported total revenue of $337,526, total expenses of $367,036, and net assets of $2,876,611.
Is Homefirst Interfaith Housing And Family Services Inc's revenue growing or declining?
Homefirst Interfaith Housing And Family Services Inc's revenue is declining. Revenue went from $718,205 (201912) to $337,526 (202012), a -53.0% change. Based on 10 filings on record.
What is Homefirst Interfaith Housing And Family Services Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Homefirst Interfaith Housing And Family Services Inc covers tax period 202012. It shows revenue of $337,526, expenses of $367,036, total assets of $2,876,611, and liabilities of $1,371,590.
How much does Homefirst Interfaith Housing And Family Services Inc spend on programs vs administration?
Based on IRS 990 analysis, Homefirst Interfaith Housing And Family Services Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Homefirst Interfaith Housing And Family Services Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Homefirst Interfaith Housing And Family Services Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Homefirst Interfaith Housing And Family Services Inc?
The following concerns were identified: Significant decline in revenue from $2,427,605 in 2015 to $337,526 in 2020, representing an 86% decrease.. Assets have decreased substantially from $9,508,429 in 2015 to $2,876,611 in 2020, a 70% reduction.. Expenses consistently exceeded revenue in multiple years (e.g., 2020: revenue $337,526, expenses $367,036; 2018: revenue $774,419, expenses $1,033,681).. The organization's financial health appears to be deteriorating based on the provided trends.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Homefirst Interfaith Housing And Family Services Inc's strengths?
Positive indicators for Homefirst Interfaith Housing And Family Services Inc include: Long-standing presence in the community since at least 2013, indicating sustained operations.. Focus on housing and family services addresses critical community needs.. These findings are derived from AI analysis of the organization's financial filings.
How does Homefirst Interfaith Housing And Family Services Inc compensate executives?
Executive compensation could not be assessed as specific figures for individual executives were not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Homefirst Interfaith Housing And Family Services Inc?
• Financial data is publicly available through IRS Form 990 filings. • The organization's website provides general information about its programs but lacks detailed financial reports or impact assessments. • No specific transparency report or annual report was readily found on their website. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the drastic decline in revenue and assets for Homefirst Interfaith Housing and Family Services Inc. between 2015 and 2020?
The provided data does not specify the exact reasons for the decline, but potential factors could include changes in funding sources, reduced grant opportunities, economic downturns impacting donations, or shifts in organizational strategy.
How has the organization managed to sustain operations despite consistent deficits where expenses exceed revenue in several years?
Sustained operations despite deficits could be due to drawing down on reserves, receiving one-time large donations not reflected in annual revenue, or potentially liquidating assets. Further financial details would be needed to fully understand this.
Filing History
IRS 990 filing history for Homefirst Interfaith Housing And Family Services Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Homefirst Interfaith Housing And Family Services Inc's revenue has declined by 83%, moving from $2.0M to $338K. Total assets decreased by 68.1% over the same period, from $9.0M to $2.9M. Total functional expenses fell by 82.1%, from $2.0M to $367K. In its most recent filing year (2020), Homefirst Interfaith Housing And Family Services Inc reported a deficit of $30K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $2.9M in assets (debt-to-asset ratio: 47.7%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $338K | $367K | $2.9M | $1.4M | — | View 990 |
| 2019 | $718K | $718K | $8.2M | $6.8M | — | View 990 |
| 2018 | $774K | $1.0M | $8.1M | $6.7M | — | View 990 |
| 2017 | $1.8M | $2.3M | $8.4M | $6.8M | — | View 990 |
| 2016 | $2.1M | $2.6M | $9.1M | $7.0M | — | View 990 |
| 2015 | $2.4M | $2.3M | $9.5M | $7.0M | — | View 990 |
| 2014 | $2.1M | $2.5M | $10.0M | $7.6M | — | View 990 |
| 2013 | $2.0M | $2.3M | $9.0M | $6.3M | — | View 990 |
| 2012 | $1.9M | $2.1M | $8.7M | $5.8M | — | View 990 |
| 2011 | $2.0M | $2.0M | $9.0M | $5.9M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $338K, expenses of $367K, and assets of $2.9M (revenue -53.0% year-over-year).
- 2019: Revenue of $718K, expenses of $718K, and assets of $8.2M (revenue -7.3% year-over-year).
- 2018: Revenue of $774K, expenses of $1.0M, and assets of $8.1M (revenue -56.0% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.3M, and assets of $8.4M (revenue -17.5% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.6M, and assets of $9.1M (revenue -12.0% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.3M, and assets of $9.5M (revenue +16.8% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.5M, and assets of $10.0M (revenue +3.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.3M, and assets of $9.0M (revenue +3.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.1M, and assets of $8.7M (revenue -1.8% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.0M, and assets of $9.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homefirst Interfaith Housing And Family Services Inc:
Data Sources and Methodology
This transparency report for Homefirst Interfaith Housing And Family Services 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.