Hudson County Housing Resource Center Inc
Hudson County Housing Resource Center Inc - Transparent and Efficient Use of Funds
EIN: 223111907 · Jersey City, NJ · NTEE: L200 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $789K |
| Program Spending | 55% |
| Net Assets | $2.0M |
| Transparency Score | 85/100 |
Is Hudson County Housing Resource Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hudson County Housing Resource Center Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Hudson County Housing Resource Center Inc
Hudson County Housing Resource Center Inc (EIN: 223111907) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code L200. The organization reported total revenue of $1.1M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hudson County Housing Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hudson County Housing Resource Center Inc is a mid-size nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $789K |
| Surplus / Deficit | +$277K |
| Total Assets | $2.1M |
| Total Liabilities | $48K |
| Net Assets | $2.0M |
| Operating Margin | 26.0% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 31.6 months |
Financial Health Grade: A
In 2023, Hudson County Housing Resource Center Inc reported a surplus of $277K with revenue exceeding expenses, holds 31.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Hudson County Housing Resource Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | -4.4% | +15.4% |
| 2022 | -0.3% | +1.4% | +9.3% |
| 2021 | -0.8% | -1.2% | +12.4% |
| 2020 | +2.5% | -3.5% | +0.4% |
| 2019 | +4.6% | -15.0% | +23.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Hudson County Housing Resource Center 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: 25%
- programs: 55%
- fundraising: 20%
According to IRS 990 filings, Hudson County Housing Resource Center Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $277K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation remains at a low level, with no changes over the past five years, indicating a commitment to fair pay.
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 Hudson County Housing Resource Center Inc's IRS 990 filings:
- The organization has maintained a consistent program spending percentage over the years, indicating stability and reliability.
Strengths
The following positive indicators were identified for Hudson County Housing Resource Center Inc:
- The organization has a strong track record of efficient spending, with a significant portion of funds allocated to programs.
Frequently Asked Questions about Hudson County Housing Resource Center Inc
Is Hudson County Housing Resource Center Inc a legitimate charity?
Hudson County Housing Resource Center Inc (EIN: 223111907) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Hudson County Housing Resource Center Inc spend its money?
Hudson County Housing Resource Center Inc directs 55% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to Hudson County Housing Resource Center Inc tax-deductible?
Hudson County Housing Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 223111907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hudson County Housing Resource Center Inc's spending goes to programs?
Hudson County Housing Resource Center Inc directs 55% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Hudson County Housing Resource Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hudson County Housing Resource Center Inc is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hudson County Housing Resource Center Inc located?
Hudson County Housing Resource Center Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 223111907. It is classified under NTEE code L200.
How many years of IRS 990 filings does Hudson County Housing Resource Center Inc have?
Hudson County Housing Resource Center Inc has 12 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 $1.1M in total revenue.
What does Hudson County Housing Resource Center Inc do?
Hudson County Housing Resource Center Inc is a nonprofit organization in the Housing & Shelter sector, located in Jersey City, New Jersey. It is classified under NTEE code L200.
How much revenue does Hudson County Housing Resource Center Inc have?
Hudson County Housing Resource Center Inc reported total revenue of $1,066,307. Based on 12 IRS 990 filings on record.
What are Hudson County Housing Resource Center Inc's total assets?
Hudson County Housing Resource Center Inc holds total assets of $2,074,399 as reported in IRS 990 filings.
Where is Hudson County Housing Resource Center Inc located?
Hudson County Housing Resource Center Inc is based in Jersey City, New Jersey.
What is Hudson County Housing Resource Center Inc's EIN?
Hudson County Housing Resource Center Inc's Employer Identification Number (EIN) is 223111907. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hudson County Housing Resource Center Inc?
Hudson County Housing Resource Center Inc is classified under NTEE code L200 (Housing & Shelter).
Is Hudson County Housing Resource Center Inc a registered 501(c)(3)?
Yes, Hudson County Housing Resource Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 223111907.
Does Hudson County Housing Resource Center Inc file IRS Form 990?
Yes, Hudson County Housing Resource Center Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hudson County Housing Resource Center Inc's revenue in 2023?
In the 202312 filing period, Hudson County Housing Resource Center Inc reported total revenue of $1,066,307, total expenses of $788,927, and net assets of $2,074,399.
Is Hudson County Housing Resource Center Inc's revenue growing or declining?
Hudson County Housing Resource Center Inc's revenue is growing. Revenue went from $970,671 (202212) to $1,066,307 (202312), a +9.9% change. Based on 12 filings on record.
What is Hudson County Housing Resource Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hudson County Housing Resource Center Inc covers tax period 202312. It shows revenue of $1,066,307, expenses of $788,927, total assets of $2,074,399, and liabilities of $47,534.
How much does Hudson County Housing Resource Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Hudson County Housing Resource Center Inc allocates approximately 55% of expenses to program services, 25% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Hudson County Housing Resource Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hudson County Housing Resource Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Hudson County Housing Resource Center Inc?
The following concerns were identified: The organization has maintained a consistent program spending percentage over the years, indicating stability and reliability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hudson County Housing Resource Center Inc's strengths?
Positive indicators for Hudson County Housing Resource Center Inc include: The organization has a strong track record of efficient spending, with a significant portion of funds allocated to programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Hudson County Housing Resource Center Inc compensate executives?
Executive compensation remains at a low level, with no changes over the past five years, indicating a commitment to fair pay. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Hudson County Housing Resource Center Inc?
1. Detailed program expenses are clearly listed, showing a consistent allocation of funds towards housing resources. 2. Administrative costs are kept low, indicating efficient management. 3. Fundraising efforts are minimal, suggesting a focus on direct service provision. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does the organization ensure transparency in its spending?
The organization provides detailed breakdowns of its spending, clearly listing program expenses, administrative costs, and fundraising efforts. This transparency allows stakeholders to see how funds are being used.
What is the organization's approach to executive compensation?
Executive compensation remains consistently low, with no changes over the past five years, indicating a commitment to fair pay and efficient management.
How does the organization balance program spending with administrative costs?
The organization prioritizes program spending, allocating a consistent 55% of its budget to programs, while keeping administrative costs at 25%, ensuring efficient use of funds.
Filing History
IRS 990 filing history for Hudson County Housing Resource Center Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Hudson County Housing Resource Center Inc's revenue has declined by 30.2%, moving from $1.5M to $1.1M. Total assets increased by 0.2% over the same period, from $2.1M to $2.1M. Total functional expenses fell by 47.7%, from $1.5M to $789K. In its most recent filing year (2023), Hudson County Housing Resource Center Inc reported a surplus of $277K, with revenue exceeding expenses. The organization holds $48K in liabilities against $2.1M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $789K | $2.1M | $48K | — | — |
| 2022 | $971K | $825K | $1.8M | $49K | — | View 990 |
| 2021 | $974K | $813K | $1.6M | $46K | — | View 990 |
| 2020 | $982K | $823K | $1.5M | $40K | — | View 990 |
| 2019 | $958K | $853K | $1.5M | $191K | — | View 990 |
| 2018 | $916K | $1.0M | $1.2M | $23K | — | View 990 |
| 2017 | $1.0M | $1.0M | $1.3M | $53K | — | View 990 |
| 2016 | $1.0M | $1.2M | $1.3M | $63K | — | View 990 |
| 2015 | $1.2M | $1.3M | $1.5M | $32K | — | View 990 |
| 2013 | $1.5M | $1.6M | $1.9M | $38K | — | View 990 |
| 2012 | $1.5M | $1.5M | $2.1M | $43K | — | View 990 |
| 2011 | $1.5M | $1.5M | $2.1M | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $789K, and assets of $2.1M (revenue +9.9% year-over-year).
- 2022: Revenue of $971K, expenses of $825K, and assets of $1.8M (revenue -0.3% year-over-year).
- 2021: Revenue of $974K, expenses of $813K, and assets of $1.6M (revenue -0.8% year-over-year).
- 2020: Revenue of $982K, expenses of $823K, and assets of $1.5M (revenue +2.5% year-over-year).
- 2019: Revenue of $958K, expenses of $853K, and assets of $1.5M (revenue +4.6% year-over-year).
- 2018: Revenue of $916K, expenses of $1.0M, and assets of $1.2M (revenue -11.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.0M, and assets of $1.3M (revenue +2.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.2M, and assets of $1.3M (revenue -15.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $1.5M (revenue -18.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.6M, and assets of $1.9M (revenue -3.4% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M (revenue -1.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hudson County Housing Resource Center Inc:
Data Sources and Methodology
This transparency report for Hudson County Housing Resource Center 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.