Hovnanian School Inc
Hovnanian School Inc: Stable Assets, Fluctuating Revenue, and Compensation Transparency Needed
EIN: 222126689 · New Milford, NJ · NTEE: B24Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.6M |
| Total Expenses | $3.5M |
| Program Spending | 70% |
| Net Assets | $8.6M |
| Transparency Score | 75/100 |
Is Hovnanian School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hovnanian School Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hovnanian School Inc
Hovnanian School Inc (EIN: 222126689) is a nonprofit organization based in New Milford, NJ, classified under NTEE code B24Z. The organization reported total revenue of $4.6M and total assets of $11.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hovnanian School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hovnanian School Inc is a mid-size nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-199,928 |
| Total Assets | $10.4M |
| Total Liabilities | $1.8M |
| Net Assets | $8.6M |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 17.7% |
| Months of Reserves | 35.9 months |
Financial Health Grade: B
In 2023, Hovnanian School Inc reported a deficit of $200K with expenses exceeding revenue, holds 35.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hovnanian School Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.1% | +0.2% | -2.1% |
| 2022 | +170.3% | +20.1% | +137.8% |
| 2021 | +65.5% | +8.0% | +23.9% |
| 2020 | -21.5% | -11.1% | -4.9% |
| 2019 | -0.7% | -3.7% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1977 |
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 Hovnanian School 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Hovnanian School Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $200K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.7%.
Executive Compensation Analysis
Without specific executive compensation figures from the filings, a detailed assessment is not possible; however, it is crucial for the organization to disclose these figures to ensure accountability and public trust.
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 Hovnanian School Inc's IRS 990 filings:
- Significant revenue fluctuations year-over-year (e.g., $10,280,451 in 2022 vs. $3,280,233 in 2023) warrant further investigation into their causes and sustainability.
- Lack of explicit executive compensation data in the provided filings is a red flag for transparency.
- The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately.
Strengths
The following positive indicators were identified for Hovnanian School Inc:
- Consistently strong asset base, with assets generally above $10 million in recent years, indicating financial stability.
- Maintained a 'c0%' (likely indicating 0% compensation ratio or similar positive metric) across all reported years, which could suggest efficient management or a specific reporting convention.
- The organization has a long history of operations, with financial data available back to 2016, suggesting established presence and experience.
Frequently Asked Questions about Hovnanian School Inc
Is Hovnanian School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hovnanian School Inc (EIN: 222126689) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Hovnanian School Inc spend its money?
Hovnanian School Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hovnanian School Inc tax-deductible?
Hovnanian School Inc is registered as a tax-exempt nonprofit (EIN: 222126689). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hovnanian School Inc's spending goes to programs?
Hovnanian School Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hovnanian School Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hovnanian School Inc is above average for NTEE category B24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hovnanian School Inc located?
Hovnanian School Inc is headquartered in New Milford, New Jersey and files with the IRS under EIN 222126689. It is classified under NTEE code B24Z.
How many years of IRS 990 filings does Hovnanian School Inc have?
Hovnanian School Inc has 13 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 $4.6M in total revenue.
What does Hovnanian School Inc do?
Hovnanian School Inc is a nonprofit organization in the Education sector, located in New Milford, New Jersey. It is classified under NTEE code B24Z.
How much revenue does Hovnanian School Inc have?
Hovnanian School Inc reported total revenue of $4,591,494. Based on 13 IRS 990 filings on record.
What are Hovnanian School Inc's total assets?
Hovnanian School Inc holds total assets of $10,999,303 as reported in IRS 990 filings.
Where is Hovnanian School Inc located?
Hovnanian School Inc is based in New Milford, New Jersey.
What is Hovnanian School Inc's EIN?
Hovnanian School Inc's Employer Identification Number (EIN) is 222126689. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hovnanian School Inc?
Hovnanian School Inc is classified under NTEE code B24Z (Education).
Is Hovnanian School Inc a registered 501(c)(3)?
Yes, Hovnanian School Inc is recognized as a tax-exempt organization by the IRS. EIN: 222126689.
Does Hovnanian School Inc file IRS Form 990?
Yes, Hovnanian School Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Hovnanian School Inc's revenue in 2023?
In the 202306 filing period, Hovnanian School Inc reported total revenue of $3,280,233, total expenses of $3,480,161, and net assets of $10,410,434.
Is Hovnanian School Inc's revenue growing or declining?
Hovnanian School Inc's revenue is declining. Revenue went from $10,280,451 (202206) to $3,280,233 (202306), a -68.1% change. Based on 13 filings on record.
What is Hovnanian School Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hovnanian School Inc covers tax period 202306. It shows revenue of $3,280,233, expenses of $3,480,161, total assets of $10,410,434, and liabilities of $1,840,864.
How much does Hovnanian School Inc spend on programs vs administration?
Based on IRS 990 analysis, Hovnanian School Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hovnanian School Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hovnanian School Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hovnanian School Inc?
The following concerns were identified: Significant revenue fluctuations year-over-year (e.g., $10,280,451 in 2022 vs. $3,280,233 in 2023) warrant further investigation into their causes and sustainability.. Lack of explicit executive compensation data in the provided filings is a red flag for transparency.. The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hovnanian School Inc's strengths?
Positive indicators for Hovnanian School Inc include: Consistently strong asset base, with assets generally above $10 million in recent years, indicating financial stability.. Maintained a 'c0%' (likely indicating 0% compensation ratio or similar positive metric) across all reported years, which could suggest efficient management or a specific reporting convention.. The organization has a long history of operations, with financial data available back to 2016, suggesting established presence and experience.. These findings are derived from AI analysis of the organization's financial filings.
How does Hovnanian School Inc compensate executives?
Without specific executive compensation figures from the filings, a detailed assessment is not possible; however, it is crucial for the organization to disclose these figures to ensure accountability and public trust. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hovnanian School Inc?
- Financial filings are available, but detailed program spending breakdowns are not immediately clear from the provided data. - Executive compensation figures are not explicitly detailed in the provided financial data, making a direct assessment of specific dollar amounts challenging. - The organization's commitment to transparency could be enhanced by providing more granular details on how funds are allocated across programs, administration, and fundraising. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial revenue decrease from $10,280,451 in 2022 to $3,280,233 in 2023, and what measures are in place to stabilize future revenue streams?
The provided data does not specify the reasons for this significant revenue drop. Potential factors could include changes in enrollment, grant funding, or fundraising activities. Understanding these drivers is crucial for assessing the organization's financial resilience.
How does Hovnanian School Inc ensure that its administrative and fundraising expenses are optimized to maximize funds directly allocated to educational programs, given the absence of detailed spending breakdowns?
Without a detailed breakdown of expenses, it's challenging to assess the efficiency of administrative and fundraising spending. The organization should provide a clear allocation of its $3,480,161 in expenses (2023) to demonstrate its commitment to program delivery.
Filing History
IRS 990 filing history for Hovnanian School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hovnanian School Inc's revenue has grown by 55.4%, moving from $2.1M to $3.3M. Total assets increased by 230% over the same period, from $3.2M to $10.4M. Total functional expenses rose by 63.5%, from $2.1M to $3.5M. In its most recent filing year (2023), Hovnanian School Inc reported a deficit of $200K, with expenses exceeding revenue. The organization holds $1.8M in liabilities against $10.4M in assets (debt-to-asset ratio: 17.7%), resulting in net assets of $8.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $3.5M | $10.4M | $1.8M | — | View 990 |
| 2022 | $10.3M | $3.5M | $10.6M | $1.9M | — | View 990 |
| 2021 | $3.8M | $2.9M | $4.5M | $2.0M | — | View 990 |
| 2020 | $2.3M | $2.7M | $3.6M | $2.1M | — | View 990 |
| 2019 | $2.9M | $3.0M | $3.8M | $1.9M | — | View 990 |
| 2018 | $2.9M | $3.1M | $3.9M | $2.0M | — | View 990 |
| 2017 | $2.7M | $2.9M | $3.8M | $1.8M | — | View 990 |
| 2016 | $2.9M | $2.7M | $4.1M | $2.0M | — | View 990 |
| 2015 | $2.9M | $2.7M | $3.9M | $2.3M | — | View 990 |
| 2014 | $2.6M | $2.8M | $3.2M | $2.1M | — | View 990 |
| 2013 | $2.3M | $2.2M | $3.2M | $1.8M | — | View 990 |
| 2012 | $2.3M | $2.2M | $3.2M | $1.8M | — | View 990 |
| 2011 | $2.1M | $2.1M | $3.2M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $3.5M, and assets of $10.4M (revenue -68.1% year-over-year).
- 2022: Revenue of $10.3M, expenses of $3.5M, and assets of $10.6M (revenue +170.3% year-over-year).
- 2021: Revenue of $3.8M, expenses of $2.9M, and assets of $4.5M (revenue +65.5% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.7M, and assets of $3.6M (revenue -21.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.0M, and assets of $3.8M (revenue -0.7% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.1M, and assets of $3.9M (revenue +8.0% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.9M, and assets of $3.8M (revenue -5.3% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.7M, and assets of $4.1M (revenue -1.7% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.7M, and assets of $3.9M (revenue +13.0% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.8M, and assets of $3.2M (revenue +14.2% year-over-year).
- 2013: Revenue of $2.3M, expenses of $2.2M, and assets of $3.2M (revenue -0.4% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.2M, and assets of $3.2M (revenue +8.1% year-over-year).
- 2011: Revenue of $2.1M, expenses of $2.1M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hovnanian School Inc:
Data Sources and Methodology
This transparency report for Hovnanian School 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.