Jerome Avenue Care For The Homeless
Jerome Avenue Care For The Homeless consistently operates with liabilities exceeding assets, maintaining a high program spending ratio and reporting no officer compensation.
EIN: 201377483 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $7.8M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $-1,278,532 |
| Transparency Score | 80/100 |
Is Jerome Avenue Care For The Homeless Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jerome Avenue Care For The Homeless directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jerome Avenue Care For The Homeless
Jerome Avenue Care For The Homeless (EIN: 201377483) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $8.7M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jerome Avenue Care For The Homeless's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jerome Avenue Care For The Homeless is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $7.8M |
| Surplus / Deficit | +$211K |
| Total Assets | $9.8M |
| Total Liabilities | $11.1M |
| Net Assets | $-1,278,532 |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 113.0% |
| Months of Reserves | 15.1 months |
Financial Health Grade: A
In 2023, Jerome Avenue Care For The Homeless reported a surplus of $211K with revenue exceeding expenses, holds 15.1 months of operating reserves (strong position), has a debt-to-asset ratio of 113.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Jerome Avenue Care For The Homeless's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.4% | +3.9% | -22.0% |
| 2022 | -14.9% | -14.5% | +43.5% |
| 2021 | +0.2% | -4.4% | -7.2% |
| 2020 | -1.0% | +11.5% | +20.2% |
| 2019 | +9.3% | +0.1% | -9.2% |
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 Jerome Avenue Care For The Homeless with a Mission Score of 80 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Jerome Avenue Care For The Homeless allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 surplus of $211K, with revenue exceeding expenses.
- Debt-to-asset ratio: 113.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual expenses nearing $8 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized under other expense lines, which could obscure the true cost of leadership.
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 Jerome Avenue Care For The Homeless's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential financial vulnerability or reliance on immediate funding.
- 0% reported officer compensation for an organization of this size, which may obscure true leadership costs if compensation is categorized elsewhere.
Strengths
The following positive indicators were identified for Jerome Avenue Care For The Homeless:
- Consistent high program spending ratio, indicating strong mission focus.
- Regular and consistent IRS 990 filings over 13 periods, demonstrating commitment to transparency and compliance.
- Stable revenue and expense levels over the past decade, suggesting consistent operational capacity.
- Clear alignment between organizational name, NTEE code, and stated mission.
Frequently Asked Questions about Jerome Avenue Care For The Homeless
Is Jerome Avenue Care For The Homeless a legitimate charity?
Jerome Avenue Care For The Homeless (EIN: 201377483) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 80/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Jerome Avenue Care For The Homeless spend its money?
Jerome Avenue Care For The Homeless directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Jerome Avenue Care For The Homeless tax-deductible?
Jerome Avenue Care For The Homeless is registered as a tax-exempt nonprofit (EIN: 201377483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jerome Avenue Care For The Homeless CEO make?
Jerome Avenue Care For The Homeless's highest-compensated officer earns $8 annually. The organization reported $8.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jerome Avenue Care For The Homeless's spending goes to programs?
Jerome Avenue Care For The Homeless directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jerome Avenue Care For The Homeless compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Jerome Avenue Care For The Homeless is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jerome Avenue Care For The Homeless located?
Jerome Avenue Care For The Homeless is headquartered in New York, New York and files with the IRS under EIN 201377483. It is classified under NTEE code L21.
How many years of IRS 990 filings does Jerome Avenue Care For The Homeless have?
Jerome Avenue Care For The Homeless 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 $8.7M in total revenue.
Is Jerome Avenue Care For The Homeless financially stable given its consistent asset-to-liability ratio?
The organization consistently reports liabilities exceeding assets (e.g., $9.8M assets vs. $11.1M liabilities in 2023). While not uncommon for some nonprofits, this indicates a reliance on ongoing revenue to cover obligations rather than substantial reserves, suggesting a potentially tight financial position.
How does Jerome Avenue Care For The Homeless manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is notable for an organization with annual expenses in the $7-9 million range. This could mean executive leadership is entirely volunteer, or their compensation is reported under other expense categories, which would warrant further investigation for full transparency.
What is the trend in the organization's revenue and expenses over the past few years?
Revenue and expenses have been relatively stable, fluctuating between approximately $7 million and $9 million annually over the past decade. In 2023, revenue was $8,028,557 and expenses were $7,817,420, showing a slight surplus for the year.
What is the organization's NTEE code and how does it align with its mission?
The organization's NTEE code is L21, which corresponds to Homeless Services. This code directly aligns with its name, 'Jerome Avenue Care For The Homeless,' indicating a clear and consistent mission focus.
Filing History
IRS 990 filing history for Jerome Avenue Care For The Homeless showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Jerome Avenue Care For The Homeless's revenue has grown by 17.7%, moving from $6.8M to $8.0M. Total assets decreased by 14.6% over the same period, from $11.5M to $9.8M. Total functional expenses rose by 0.5%, from $7.8M to $7.8M. In its most recent filing year (2023), Jerome Avenue Care For The Homeless reported a surplus of $211K, with revenue exceeding expenses. The organization holds $11.1M in liabilities against $9.8M in assets (debt-to-asset ratio: 113.0%), resulting in net assets of $-1,278,532.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $7.8M | $9.8M | $11.1M | — | — |
| 2022 | $7.8M | $7.5M | $12.6M | $14.1M | — | View 990 |
| 2021 | $9.2M | $8.8M | $8.8M | $10.6M | — | View 990 |
| 2020 | $9.2M | $9.2M | $9.5M | $11.7M | — | — |
| 2019 | $9.3M | $8.2M | $7.9M | $10.1M | — | View 990 |
| 2018 | $8.5M | $8.2M | $8.7M | $11.9M | — | View 990 |
| 2017 | $8.7M | $8.2M | $10.0M | $13.0M | — | View 990 |
| 2016 | $7.4M | $7.8M | $9.5M | $12.4M | — | View 990 |
| 2015 | $7.0M | $7.4M | $9.9M | $12.4M | — | View 990 |
| 2014 | $6.8M | $7.2M | $9.6M | $11.8M | — | View 990 |
| 2013 | $7.3M | $7.3M | $10.1M | $11.9M | — | View 990 |
| 2012 | $6.8M | $7.5M | $11.3M | $13.0M | — | View 990 |
| 2011 | $6.8M | $7.8M | $11.5M | $12.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $7.8M, and assets of $9.8M (revenue +2.4% year-over-year).
- 2022: Revenue of $7.8M, expenses of $7.5M, and assets of $12.6M (revenue -14.9% year-over-year).
- 2021: Revenue of $9.2M, expenses of $8.8M, and assets of $8.8M (revenue +0.2% year-over-year).
- 2020: Revenue of $9.2M, expenses of $9.2M, and assets of $9.5M (revenue -1.0% year-over-year).
- 2019: Revenue of $9.3M, expenses of $8.2M, and assets of $7.9M (revenue +9.3% year-over-year).
- 2018: Revenue of $8.5M, expenses of $8.2M, and assets of $8.7M (revenue -2.2% year-over-year).
- 2017: Revenue of $8.7M, expenses of $8.2M, and assets of $10.0M (revenue +17.4% year-over-year).
- 2016: Revenue of $7.4M, expenses of $7.8M, and assets of $9.5M (revenue +5.0% year-over-year).
- 2015: Revenue of $7.0M, expenses of $7.4M, and assets of $9.9M (revenue +3.7% year-over-year).
- 2014: Revenue of $6.8M, expenses of $7.2M, and assets of $9.6M (revenue -6.8% year-over-year).
- 2013: Revenue of $7.3M, expenses of $7.3M, and assets of $10.1M (revenue +7.9% year-over-year).
- 2012: Revenue of $6.8M, expenses of $7.5M, and assets of $11.3M (revenue -0.9% year-over-year).
- 2011: Revenue of $6.8M, expenses of $7.8M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jerome Avenue Care For The Homeless:
Data Sources and Methodology
This transparency report for Jerome Avenue Care For The Homeless 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.