Housing And Community Development Network Of New Jersey Inc
Housing And Community Development Network Of New Jersey Inc: Strong Program Spending, Volatile Revenue
EIN: 222982197 · Trenton, NJ · NTEE: L20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $5.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $3.7M |
| Transparency Score | 85/100 |
Is Housing And Community Development Network Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Housing And Community Development Network Of New Jersey Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Housing And Community Development Network Of New Jersey Inc
Housing And Community Development Network Of New Jersey Inc (EIN: 222982197) is a nonprofit organization based in Trenton, NJ, classified under NTEE code L20Z. The organization reported total revenue of $3.4M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Housing And Community Development Network Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Housing And Community Development Network Of New Jersey Inc is a mid-size nonprofit that has been operating for 36 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.9M |
| Total Expenses | $5.5M |
| Surplus / Deficit | $-667,702 |
| Total Assets | $5.4M |
| Total Liabilities | $1.7M |
| Net Assets | $3.7M |
| Operating Margin | -13.7% |
| Debt-to-Asset Ratio | 31.5% |
| Months of Reserves | 11.8 months |
Financial Health Grade: B
In 2023, Housing And Community Development Network Of New Jersey Inc reported a deficit of $668K with expenses exceeding revenue, holds 11.8 months of operating reserves (strong position), has a debt-to-asset ratio of 31.5% (moderate leverage).
Financial Trends
Over 11 years of filings (2011–2023), Housing And Community Development Network Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +82.8% | +61.7% | +8.6% |
| 2022 | -43.4% | +33.6% | -8.4% |
| 2021 | +92.1% | +48.6% | +69.2% |
| 2020 | +20.4% | +2.4% | +30.1% |
| 2019 | +14.8% | +-0.0% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Housing And Community Development Network 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: 80%
- fundraising: 10%
According to IRS 990 filings, Housing And Community Development Network Of New Jersey 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 $668K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.5%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests compensation may be structured in a way that is not captured in this specific reporting line, or is covered by a related entity.
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 Housing And Community Development Network Of New Jersey Inc's IRS 990 filings:
- Reported 0% compensation for officers, directors, trustees, and key employees across all years, which is highly atypical and requires clarification.
- Significant increase in liabilities from $220,257 in 2020 to $1,708,439 in 2023.
- Revenue has shown considerable volatility over the past decade, potentially impacting long-term financial stability.
Strengths
The following positive indicators were identified for Housing And Community Development Network Of New Jersey Inc:
- Consistently high program spending, indicating a strong focus on mission delivery.
- Significant growth in total assets from $1,617,010 in 2014 to $5,428,504 in 2023.
- Maintained positive net assets throughout the reported period.
Frequently Asked Questions about Housing And Community Development Network Of New Jersey Inc
Is Housing And Community Development Network Of New Jersey Inc a legitimate charity?
Housing And Community Development Network Of New Jersey Inc (EIN: 222982197) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 11 years of IRS 990 filings on record. Total revenue: $3.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Housing And Community Development Network Of New Jersey Inc spend its money?
Housing And Community Development Network Of New Jersey Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Housing And Community Development Network Of New Jersey Inc tax-deductible?
Housing And Community Development Network Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222982197). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Housing And Community Development Network Of New Jersey Inc CEO make?
Housing And Community Development Network Of New Jersey Inc's highest-compensated officer earns $0 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Housing And Community Development Network Of New Jersey Inc's spending goes to programs?
Housing And Community Development Network Of New Jersey Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Housing And Community Development Network Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Housing And Community Development Network Of New Jersey Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Housing And Community Development Network Of New Jersey Inc located?
Housing And Community Development Network Of New Jersey Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 222982197. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Housing And Community Development Network Of New Jersey Inc have?
Housing And Community Development Network Of New Jersey Inc 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 $3.4M in total revenue.
What does Housing And Community Development Network Of New Jersey Inc do?
Housing And Community Development Network Of New Jersey Inc is a nonprofit organization in the Housing & Shelter sector, located in Trenton, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Housing And Community Development Network Of New Jersey Inc have?
Housing And Community Development Network Of New Jersey Inc reported total revenue of $3,394,727. Based on 11 IRS 990 filings on record.
What are Housing And Community Development Network Of New Jersey Inc's total assets?
Housing And Community Development Network Of New Jersey Inc holds total assets of $6,269,876 as reported in IRS 990 filings.
Where is Housing And Community Development Network Of New Jersey Inc located?
Housing And Community Development Network Of New Jersey Inc is based in Trenton, New Jersey.
What is Housing And Community Development Network Of New Jersey Inc's EIN?
Housing And Community Development Network Of New Jersey Inc's Employer Identification Number (EIN) is 222982197. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Housing And Community Development Network Of New Jersey Inc?
Housing And Community Development Network Of New Jersey Inc is classified under NTEE code L20Z (Housing & Shelter).
Is Housing And Community Development Network Of New Jersey Inc a registered 501(c)(3)?
Yes, Housing And Community Development Network Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222982197.
Does Housing And Community Development Network Of New Jersey Inc file IRS Form 990?
Yes, Housing And Community Development Network Of New Jersey Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Housing And Community Development Network Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, Housing And Community Development Network Of New Jersey Inc reported total revenue of $4,872,673, total expenses of $5,540,375, and net assets of $5,428,504.
Is Housing And Community Development Network Of New Jersey Inc's revenue growing or declining?
Housing And Community Development Network Of New Jersey Inc's revenue is growing. Revenue went from $2,664,936 (202212) to $4,872,673 (202312), a +82.8% change. Based on 11 filings on record.
What is Housing And Community Development Network Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Housing And Community Development Network Of New Jersey Inc covers tax period 202312. It shows revenue of $4,872,673, expenses of $5,540,375, total assets of $5,428,504, and liabilities of $1,708,439.
How much does Housing And Community Development Network Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Housing And Community Development Network Of New Jersey Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Housing And Community Development Network Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Housing And Community Development Network Of New Jersey Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Housing And Community Development Network Of New Jersey Inc?
The following concerns were identified: Reported 0% compensation for officers, directors, trustees, and key employees across all years, which is highly atypical and requires clarification.. Significant increase in liabilities from $220,257 in 2020 to $1,708,439 in 2023.. Revenue has shown considerable volatility over the past decade, potentially impacting long-term financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Housing And Community Development Network Of New Jersey Inc's strengths?
Positive indicators for Housing And Community Development Network Of New Jersey Inc include: Consistently high program spending, indicating a strong focus on mission delivery.. Significant growth in total assets from $1,617,010 in 2014 to $5,428,504 in 2023.. Maintained positive net assets throughout the reported period.. These findings are derived from AI analysis of the organization's financial filings.
How does Housing And Community Development Network Of New Jersey Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests compensation may be structured in a way that is not captured in this specific reporting line, or is covered by a related entity. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% compensation for key personnel, how does the organization attract and retain leadership, and what is the actual cost of executive leadership to the organization?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation suggests that either these roles are entirely volunteer-based, compensated through a related entity, or the compensation is categorized differently in their financial statements. Understanding the true cost and structure of leadership compensation is crucial for a complete financial picture.
What factors contribute to the significant year-over-year fluctuations in revenue, and what strategies are in place to mitigate the risks associated with such variability?
The revenue data shows considerable swings, for example, from $2,664,936 in 2022 to $4,872,673 in 2023. This volatility could be due to grant cycles, specific project funding, or donor contributions. The organization should ideally diversify funding sources or build reserves to buffer against these fluctuations.
Filing History
IRS 990 filing history for Housing And Community Development Network Of New Jersey Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Housing And Community Development Network Of New Jersey Inc's revenue has grown by 144.4%, moving from $2.0M to $4.9M. Total assets increased by 290.2% over the same period, from $1.4M to $5.4M. Total functional expenses rose by 200.6%, from $1.8M to $5.5M. In its most recent filing year (2023), Housing And Community Development Network Of New Jersey Inc reported a deficit of $668K, with expenses exceeding revenue. The organization holds $1.7M in liabilities against $5.4M in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.9M | $5.5M | $5.4M | $1.7M | — | — |
| 2022 | $2.7M | $3.4M | $5.0M | $613K | — | View 990 |
| 2021 | $4.7M | $2.6M | $5.5M | $310K | — | View 990 |
| 2020 | $2.5M | $1.7M | $3.2M | $220K | — | View 990 |
| 2019 | $2.0M | $1.7M | $2.5M | $199K | — | View 990 |
| 2018 | $1.8M | $1.7M | $2.1M | $206K | — | View 990 |
| 2016 | $1.7M | $1.5M | $1.8M | $245K | — | View 990 |
| 2014 | $1.5M | $1.3M | $1.6M | $313K | — | View 990 |
| 2013 | $1.3M | $1.3M | $1.4M | $276K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.4M | $276K | — | View 990 |
| 2011 | $2.0M | $1.8M | $1.4M | $296K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.9M, expenses of $5.5M, and assets of $5.4M (revenue +82.8% year-over-year).
- 2022: Revenue of $2.7M, expenses of $3.4M, and assets of $5.0M (revenue -43.4% year-over-year).
- 2021: Revenue of $4.7M, expenses of $2.6M, and assets of $5.5M (revenue +92.1% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.7M, and assets of $3.2M (revenue +20.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.7M, and assets of $2.5M (revenue +14.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.7M, and assets of $2.1M (revenue +2.0% year-over-year).
- 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $1.8M (revenue +19.0% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $1.6M (revenue +11.3% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue -0.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue -33.7% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Housing And Community Development Network Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Housing And Community Development Network 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.