House Of Hope Of Ocean County Inc
House Of Hope Of Ocean County Inc consistently operates with 0% officer compensation but has experienced periods of expenses exceeding revenue.
EIN: 202206374 · Toms River, NJ · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $205K |
| Total Expenses | $235K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $62K |
| Transparency Score | 85/100 |
Is House Of Hope Of Ocean County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
House Of Hope Of Ocean County Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About House Of Hope Of Ocean County Inc
House Of Hope Of Ocean County Inc (EIN: 202206374) is a nonprofit organization based in Toms River, NJ, classified under NTEE code P80. The organization reported total revenue of $205K and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of House Of Hope Of Ocean County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
House Of Hope Of Ocean County Inc is a small nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2010–2023). 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 | $153K |
| Total Expenses | $235K |
| Surplus / Deficit | $-81,210 |
| Total Assets | $68K |
| Total Liabilities | $6K |
| Net Assets | $62K |
| Operating Margin | -52.9% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 3.5 months |
Financial Health Grade: B
In 2023, House Of Hope Of Ocean County Inc reported a deficit of $81K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), House Of Hope Of Ocean County Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.5% | +12.4% | -54.9% |
| 2022 | -21.7% | -16.1% | -3.2% |
| 2021 | +35.0% | +54.3% | +3.6% |
| 2020 | +36.4% | +4.8% | +39.6% |
| 2019 | -6.2% | +6.1% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 House Of Hope Of Ocean County 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, House Of Hope Of Ocean County 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $81K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly commendable for an organization of its size with revenues typically between $150,000 and $250,000.
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 House Of Hope Of Ocean County Inc's IRS 990 filings:
- Expenses frequently exceed revenue, potentially drawing down reserves (e.g., 2023 expenses $234,651 vs. revenue $153,441).
- Significant decrease in assets from $155,449 in 2021 to $67,952 in 2023.
Strengths
The following positive indicators were identified for House Of Hope Of Ocean County Inc:
- Consistent 0% officer compensation, indicating high efficiency in directing funds to mission.
- Low liabilities relative to assets, suggesting good financial management of debt.
- Long history of IRS 990 filings (14 filings), demonstrating commitment to transparency and compliance.
- Stable revenue base, generally between $150,000 and $250,000 annually.
Frequently Asked Questions about House Of Hope Of Ocean County Inc
Is House Of Hope Of Ocean County Inc a legitimate charity?
House Of Hope Of Ocean County Inc (EIN: 202206374) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $205K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does House Of Hope Of Ocean County Inc spend its money?
House Of Hope Of Ocean County Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to House Of Hope Of Ocean County Inc tax-deductible?
House Of Hope Of Ocean County Inc is registered as a tax-exempt nonprofit (EIN: 202206374). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the House Of Hope Of Ocean County Inc CEO make?
House Of Hope Of Ocean County Inc's highest-compensated officer earns $150,000 annually. The organization reported $205K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of House Of Hope Of Ocean County Inc's spending goes to programs?
House Of Hope Of Ocean County Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does House Of Hope Of Ocean County Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), House Of Hope Of Ocean County Inc is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is House Of Hope Of Ocean County Inc located?
House Of Hope Of Ocean County Inc is headquartered in Toms River, New Jersey and files with the IRS under EIN 202206374. It is classified under NTEE code P80.
How many years of IRS 990 filings does House Of Hope Of Ocean County Inc have?
House Of Hope Of Ocean County Inc has 14 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 $205K in total revenue.
Is House Of Hope Of Ocean County Inc financially sustainable given periods of expenses exceeding revenue?
The organization has experienced periods where expenses exceeded revenue, such as in 2023 ($234,651 expenses vs. $153,441 revenue) and 2022 ($208,752 expenses vs. $203,245 revenue). While this can be managed with reserves, consistent deficits could impact long-term sustainability. A deeper look into their funding model and reserve utilization would be beneficial.
How does the 0% officer compensation impact the organization's operations?
The consistent 0% officer compensation suggests that leadership roles are likely filled by volunteers or individuals compensated through other means, allowing a greater proportion of funds to be directed towards program services. This is a significant strength for a nonprofit of this size.
What caused the decrease in assets from $155,449 in 2021 to $67,952 in 2023?
The decrease in assets could be due to several factors, including using reserves to cover operational deficits (as seen in 2023 and 2022), investments in programs that are expensed rather than capitalized, or a decline in investment values. Further detail from their financial statements would be needed to pinpoint the exact reasons.
Filing History
IRS 990 filing history for House Of Hope Of Ocean County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), House Of Hope Of Ocean County Inc's revenue has declined by 5.8%, moving from $163K to $153K. Total assets decreased by 44.5% over the same period, from $123K to $68K. Total functional expenses rose by 42.9%, from $164K to $235K. In its most recent filing year (2023), House Of Hope Of Ocean County Inc reported a deficit of $81K, with expenses exceeding revenue. The organization holds $6K in liabilities against $68K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $62K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $153K | $235K | $68K | $6K | — | — |
| 2022 | $203K | $209K | $151K | $9K | — | View 990 |
| 2021 | $259K | $249K | $155K | $4K | — | View 990 |
| 2020 | $192K | $161K | $150K | $13K | — | — |
| 2019 | $141K | $154K | $107K | $2K | — | View 990 |
| 2018 | $150K | $145K | $120K | $2K | — | View 990 |
| 2017 | $153K | $142K | $115K | $2K | — | View 990 |
| 2016 | $97K | $114K | $104K | $1K | — | View 990 |
| 2015 | $73K | $74K | $121K | $1K | — | View 990 |
| 2014 | $130K | $126K | $122K | $1K | — | View 990 |
| 2013 | $182K | $186K | $125K | $8K | — | View 990 |
| 2012 | $186K | $147K | $142K | $3K | — | View 990 |
| 2011 | $149K | $168K | $103K | $3K | — | View 990 |
| 2010 | $163K | $164K | $123K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $153K, expenses of $235K, and assets of $68K (revenue -24.5% year-over-year).
- 2022: Revenue of $203K, expenses of $209K, and assets of $151K (revenue -21.7% year-over-year).
- 2021: Revenue of $259K, expenses of $249K, and assets of $155K (revenue +35.0% year-over-year).
- 2020: Revenue of $192K, expenses of $161K, and assets of $150K (revenue +36.4% year-over-year).
- 2019: Revenue of $141K, expenses of $154K, and assets of $107K (revenue -6.2% year-over-year).
- 2018: Revenue of $150K, expenses of $145K, and assets of $120K (revenue -1.6% year-over-year).
- 2017: Revenue of $153K, expenses of $142K, and assets of $115K (revenue +57.8% year-over-year).
- 2016: Revenue of $97K, expenses of $114K, and assets of $104K (revenue +32.1% year-over-year).
- 2015: Revenue of $73K, expenses of $74K, and assets of $121K (revenue -43.9% year-over-year).
- 2014: Revenue of $130K, expenses of $126K, and assets of $122K (revenue -28.5% year-over-year).
- 2013: Revenue of $182K, expenses of $186K, and assets of $125K (revenue -2.2% year-over-year).
- 2012: Revenue of $186K, expenses of $147K, and assets of $142K (revenue +25.3% year-over-year).
- 2011: Revenue of $149K, expenses of $168K, and assets of $103K (revenue -8.7% year-over-year).
- 2010: Revenue of $163K, expenses of $164K, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for House Of Hope Of Ocean County Inc:
Data Sources and Methodology
This transparency report for House Of Hope Of Ocean 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.