Homes Of Montclair Ecumenical Corp
Homes Of Montclair Ecumenical Corp: Stable Finances, High Program Spending
EIN: 222904529 · Montclair, NJ · NTEE: L20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $230K |
| Transparency Score | 75/100 |
Is Homes Of Montclair Ecumenical Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Homes Of Montclair Ecumenical Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Homes Of Montclair Ecumenical Corp
Homes Of Montclair Ecumenical Corp (EIN: 222904529) is a nonprofit organization based in Montclair, NJ, classified under NTEE code L20. The organization reported total revenue of $1.2M and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homes Of Montclair Ecumenical Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Homes Of Montclair Ecumenical Corp is a mid-size nonprofit that has been operating for 2 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $871K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-251,797 |
| Total Assets | $5.3M |
| Total Liabilities | $5.0M |
| Net Assets | $230K |
| Operating Margin | -28.9% |
| Debt-to-Asset Ratio | 95.6% |
| Months of Reserves | 56.4 months |
Financial Health Grade: C
In 2023, Homes Of Montclair Ecumenical Corp reported a deficit of $252K with expenses exceeding revenue, holds 56.4 months of operating reserves (strong position), has a debt-to-asset ratio of 95.6% (high leverage).
Financial Trends
Over 11 years of filings (2011–2023), Homes Of Montclair Ecumenical Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.4% | +17.1% | -0.7% |
| 2022 | -10.3% | -10.6% | +7.5% |
| 2018 | -126.6% | +3.8% | -22.0% |
| 2017 | -44.8% | +3.1% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Homes Of Montclair Ecumenical Corp 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Homes Of Montclair Ecumenical Corp 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 $252K, with expenses exceeding revenue.
- Debt-to-asset ratio: 95.6%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold for key employees, indicating a lean operational structure.
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 Homes Of Montclair Ecumenical Corp:
- Consistently high percentage of expenses dedicated to programs (e.g., 85% in 2023).
- Stable asset base over several years, indicating financial resilience.
- Positive net assets in most years, demonstrating good financial health.
Frequently Asked Questions about Homes Of Montclair Ecumenical Corp
Is Homes Of Montclair Ecumenical Corp a legitimate charity?
Homes Of Montclair Ecumenical Corp (EIN: 222904529) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 11 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 3 strengths noted. Financial health grade: C.
How does Homes Of Montclair Ecumenical Corp spend its money?
Homes Of Montclair Ecumenical Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Homes Of Montclair Ecumenical Corp tax-deductible?
Homes Of Montclair Ecumenical Corp is registered as a tax-exempt nonprofit (EIN: 222904529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Homes Of Montclair Ecumenical Corp's spending goes to programs?
Homes Of Montclair Ecumenical Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Homes Of Montclair Ecumenical Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Homes Of Montclair Ecumenical Corp is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Homes Of Montclair Ecumenical Corp located?
Homes Of Montclair Ecumenical Corp is headquartered in Montclair, New Jersey and files with the IRS under EIN 222904529. It is classified under NTEE code L20.
How many years of IRS 990 filings does Homes Of Montclair Ecumenical Corp have?
Homes Of Montclair Ecumenical Corp has 11 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 $1.2M in total revenue.
What does Homes Of Montclair Ecumenical Corp do?
Homes Of Montclair Ecumenical Corp is a nonprofit organization in the Housing & Shelter sector, located in Montclair, New Jersey. It is classified under NTEE code L20.
How much revenue does Homes Of Montclair Ecumenical Corp have?
Homes Of Montclair Ecumenical Corp reported total revenue of $1,156,852. Based on 11 IRS 990 filings on record.
What are Homes Of Montclair Ecumenical Corp's total assets?
Homes Of Montclair Ecumenical Corp holds total assets of $5,076,313 as reported in IRS 990 filings.
Where is Homes Of Montclair Ecumenical Corp located?
Homes Of Montclair Ecumenical Corp is based in Montclair, New Jersey.
What is Homes Of Montclair Ecumenical Corp's EIN?
Homes Of Montclair Ecumenical Corp's Employer Identification Number (EIN) is 222904529. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Homes Of Montclair Ecumenical Corp?
Homes Of Montclair Ecumenical Corp is classified under NTEE code L20 (Housing & Shelter).
Is Homes Of Montclair Ecumenical Corp a registered 501(c)(3)?
Yes, Homes Of Montclair Ecumenical Corp is recognized as a tax-exempt organization by the IRS. EIN: 222904529.
Does Homes Of Montclair Ecumenical Corp file IRS Form 990?
Yes, Homes Of Montclair Ecumenical Corp has 11 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Homes Of Montclair Ecumenical Corp's revenue in 2023?
In the 202306 filing period, Homes Of Montclair Ecumenical Corp reported total revenue of $871,456, total expenses of $1,123,253, and net assets of $5,275,740.
Is Homes Of Montclair Ecumenical Corp's revenue growing or declining?
Homes Of Montclair Ecumenical Corp's revenue is declining. Revenue went from $951,141 (202206) to $871,456 (202306), a -8.4% change. Based on 11 filings on record.
What is Homes Of Montclair Ecumenical Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Homes Of Montclair Ecumenical Corp covers tax period 202306. It shows revenue of $871,456, expenses of $1,123,253, total assets of $5,275,740, and liabilities of $5,045,879.
How much does Homes Of Montclair Ecumenical Corp spend on programs vs administration?
Based on IRS 990 analysis, Homes Of Montclair Ecumenical Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Homes Of Montclair Ecumenical Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Homes Of Montclair Ecumenical Corp appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Homes Of Montclair Ecumenical Corp's strengths?
Positive indicators for Homes Of Montclair Ecumenical Corp include: Consistently high percentage of expenses dedicated to programs (e.g., 85% in 2023).. Stable asset base over several years, indicating financial resilience.. Positive net assets in most years, demonstrating good financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Homes Of Montclair Ecumenical Corp compensate executives?
Executive compensation is not reported in the provided filings, suggesting it is below the IRS reporting threshold for key employees, indicating a lean operational structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations with relatively low reported revenue in some years, such as the -$268,505 in 2018?
The organization likely relies on a combination of accumulated assets, grants, and potentially unreported in-kind contributions or specific funding cycles that are not fully captured in the 'revenue' line item for that particular year, as expenses remained consistent.
Given the 'c0%' in all filings, what is the organization's strategy for managing its cash reserves and investments?
The 'c0%' likely refers to cash contributions, not total cash reserves. The organization's strategy appears to prioritize maintaining a stable asset base (e.g., $5,076,313 in 2023) to support its long-term mission, rather than accumulating large, unspent cash contributions.
Filing History
IRS 990 filing history for Homes Of Montclair Ecumenical Corp showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Homes Of Montclair Ecumenical Corp's revenue has grown by 6.3%, moving from $820K to $871K. Total assets decreased by 8.4% over the same period, from $5.8M to $5.3M. Total functional expenses rose by 31.2%, from $856K to $1.1M. In its most recent filing year (2023), Homes Of Montclair Ecumenical Corp reported a deficit of $252K, with expenses exceeding revenue. The organization holds $5.0M in liabilities against $5.3M in assets (debt-to-asset ratio: 95.6%), resulting in net assets of $230K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $871K | $1.1M | $5.3M | $5.0M | — | — |
| 2022 | $951K | $959K | $5.3M | $4.9M | — | — |
| 2019 | $1.1M | $1.1M | $4.9M | $5.0M | — | View 990 |
| 2018 | $-268,505 | $1.1M | $5.7M | $5.7M | — | View 990 |
| 2017 | $1.0M | $1.1M | $7.3M | $5.9M | — | View 990 |
| 2016 | $1.8M | $1.1M | $7.1M | $5.6M | — | View 990 |
| 2015 | $905K | $1.1M | $6.0M | $5.3M | — | View 990 |
| 2014 | $994K | $1.0M | $5.8M | $4.9M | — | View 990 |
| 2013 | $925K | $951K | $5.7M | $4.8M | — | View 990 |
| 2012 | $1.1M | $875K | $5.8M | $4.9M | — | View 990 |
| 2011 | $820K | $856K | $5.8M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $871K, expenses of $1.1M, and assets of $5.3M (revenue -8.4% year-over-year).
- 2022: Revenue of $951K, expenses of $959K, and assets of $5.3M (revenue -10.3% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $4.9M.
- 2018: Revenue of $-268,505, expenses of $1.1M, and assets of $5.7M (revenue -126.6% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $7.3M (revenue -44.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.1M, and assets of $7.1M (revenue +101.9% year-over-year).
- 2015: Revenue of $905K, expenses of $1.1M, and assets of $6.0M (revenue -9.0% year-over-year).
- 2014: Revenue of $994K, expenses of $1.0M, and assets of $5.8M (revenue +7.5% year-over-year).
- 2013: Revenue of $925K, expenses of $951K, and assets of $5.7M (revenue -17.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $875K, and assets of $5.8M (revenue +36.2% year-over-year).
- 2011: Revenue of $820K, expenses of $856K, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Homes Of Montclair Ecumenical Corp:
Data Sources and Methodology
This transparency report for Homes Of Montclair Ecumenical Corp 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.