Homesharing Program Of Somerset County Inc

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Homesharing Program Of Somerset County Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Homesharing Program Of Somerset County Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Homesharing Program Of Somerset County Inc in one place.

Is Homesharing Program Of Somerset County Inc Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Homesharing Program Of Somerset County Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Homesharing Program Of Somerset County Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Homesharing Program Of Somerset County Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Homesharing Program Of Somerset County Inc

Homesharing Program Of Somerset County Inc (EIN: 222893508) is a nonprofit organization based in Bridgewater, NJ, classified under NTEE code L30Z. The organization reported total revenue of $327K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Homesharing Program Of Somerset County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Homesharing Program Of Somerset County Inc is a small nonprofit that has been operating for 37 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:

Financial Health Grade: B

In 2023, Homesharing Program Of Somerset County Inc reported a deficit of $27K with expenses exceeding revenue, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 24.3% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Homesharing Program Of Somerset County Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.

IRS Tax-Exempt Classification

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 Homesharing Program Of Somerset County Inc 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: 80%
• fundraising: 10%

According to IRS 990 filings, Homesharing Program Of Somerset County Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $27K, with expenses exceeding revenue.
• Debt-to-asset ratio: 24.3%.

Executive Compensation Analysis

Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or extremely low-paid leadership, which is a positive for donor confidence.

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 Homesharing Program Of Somerset County Inc's IRS 990 filings:

• The significant increase in liabilities from $38,170 in 2021 to $87,582 in 2023 warrants further investigation to understand the nature of these new obligations.
• While assets have grown, the organization experienced a decrease in total assets from $396,622 in 2022 to $360,596 in 2023.

Strengths

The following positive indicators were identified for Homesharing Program Of Somerset County Inc:

• The organization consistently reports 0% compensation for its highest-paid employees, demonstrating a strong commitment to directing funds towards its mission.
• Total assets have shown a general upward trend over the past several years, from $120,098 in 2018 to $360,596 in 2023, indicating financial growth.
• Revenue has remained relatively stable over the past five years, demonstrating consistent donor support and program funding.

Frequently Asked Questions about Homesharing Program Of Somerset County Inc

Filing History

IRS 990 filing history for Homesharing Program Of Somerset County Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Homesharing Program Of Somerset County Inc's revenue has grown by 22.1%, moving from $231K to $282K. Total assets increased by 100.3% over the same period, from $180K to $361K. Total functional expenses rose by 35.1%, from $229K to $309K. In its most recent filing year (2023), Homesharing Program Of Somerset County Inc reported a deficit of $27K, with expenses exceeding revenue. The organization holds $88K in liabilities against $361K in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $273K.

Year-by-Year Financial Summary

• 2023: Revenue of $282K, expenses of $309K, and assets of $361K (revenue +12.8% year-over-year).
• 2022: Revenue of $250K, expenses of $240K, and assets of $397K (revenue -4.5% year-over-year).
• 2021: Revenue of $262K, expenses of $239K, and assets of $302K (revenue -16.1% year-over-year).
• 2020: Revenue of $312K, expenses of $207K, and assets of $250K (revenue +21.0% year-over-year).
• 2019: Revenue of $258K, expenses of $238K, and assets of $134K (revenue +23.6% year-over-year).
• 2018: Revenue of $209K, expenses of $235K, and assets of $120K (revenue -28.8% year-over-year).
• 2017: Revenue of $293K, expenses of $278K, and assets of $149K (revenue -3.2% year-over-year).
• 2016: Revenue of $303K, expenses of $328K, and assets of $133K (revenue +1.7% year-over-year).
• 2015: Revenue of $298K, expenses of $337K, and assets of $158K (revenue +7.2% year-over-year).
• 2014: Revenue of $278K, expenses of $293K, and assets of $188K (revenue -0.3% year-over-year).
• 2013: Revenue of $278K, expenses of $301K, and assets of $204K (revenue -14.3% year-over-year).
• 2012: Revenue of $325K, expenses of $279K, and assets of $227K (revenue +40.7% year-over-year).
• 2011: Revenue of $231K, expenses of $229K, and assets of $180K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Homesharing Program Of Somerset County Inc:

Data Sources and Methodology

This transparency report for Homesharing Program Of Somerset County 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.