Josephs House And Shelter Inc
Josephs House And Shelter Inc maintains stable operations with consistent revenue and expenses, reporting no officer compensation.
EIN: 141636163 · Troy, NY · NTEE: L41Z · Updated: 2026-03-28
Is Josephs House And Shelter Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Josephs House And Shelter Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Josephs House And Shelter Inc
Josephs House And Shelter Inc (EIN: 141636163) is a nonprofit organization based in Troy, NY, classified under NTEE code L41Z. The organization reported total revenue of $5.7M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Josephs House And Shelter Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Josephs House And Shelter 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, Josephs House And Shelter 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with annual expenses exceeding $4 million. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the financial statements, requiring further scrutiny for a complete understanding of leadership costs.
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 Josephs House And Shelter Inc's IRS 990 filings:
- Consistent small operational deficits, indicating spending slightly more than annual revenue.
- Unclear executive compensation structure given 0% reported officer compensation for an organization of this size.
Strengths
The following positive indicators were identified for Josephs House And Shelter Inc:
- Strong and growing asset base, indicating financial stability and capacity.
- Consistent revenue generation over the past decade, demonstrating stable funding streams.
- Very low reported officer compensation (0%), suggesting high efficiency or volunteer leadership.
- Manageable liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Josephs House And Shelter Inc
Is Josephs House And Shelter Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Josephs House And Shelter Inc (EIN: 141636163) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Josephs House And Shelter Inc spend its money?
Josephs House And Shelter Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Josephs House And Shelter Inc tax-deductible?
Josephs House And Shelter Inc is registered as a tax-exempt nonprofit (EIN: 141636163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Josephs House And Shelter Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. It suggests either a volunteer executive leadership or that compensation for key management personnel is reported under different categories, such as program or administrative expenses, rather than specifically as 'officer compensation' on the 990 summary. Further detail from the full 990 forms would be needed to clarify this.
What is the trend in the organization's net assets?
The organization's net assets (Assets minus Liabilities) have shown a positive trend. For example, in 2023, net assets were $5,350,293 ($6,452,968 - $1,102,675), up from $5,386,008 in 2022 ($6,598,861 - $1,212,853) and $5,837,914 in 2021 ($6,622,378 - $784,464). While there are minor fluctuations, the overall asset base has grown significantly over the past decade, indicating financial stability.
Is the organization experiencing consistent operational deficits?
Yes, the organization has reported slight operational deficits in most recent years. For instance, in 2023, expenses ($4,480,774) exceeded revenue ($4,444,960) by $35,814. Similar small deficits were observed in 2022 ($474,359), 2021 ($243,834), and previous years. While these are not large deficits relative to total expenses, it indicates that the organization is spending slightly more than it brings in annually, potentially drawing from reserves or prior surpluses.
Filing History
IRS 990 filing history for Josephs House And Shelter Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Josephs House And Shelter Inc's revenue has grown by 37%, moving from $3.2M to $4.4M. Total assets decreased by 2.1% over the same period, from $6.6M to $6.5M. Total functional expenses rose by 104.7%, from $2.2M to $4.5M. In its most recent filing year (2023), Josephs House And Shelter Inc reported a deficit of $36K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $6.5M in assets (debt-to-asset ratio: 17.1%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.5M | $6.5M | $1.1M | — | — |
| 2022 | $4.5M | $4.9M | $6.6M | $1.2M | — | View 990 |
| 2021 | $4.2M | $4.4M | $6.6M | $784K | — | View 990 |
| 2020 | $4.2M | $4.3M | $6.7M | $617K | — | — |
| 2019 | $3.2M | $3.3M | $6.6M | $349K | — | View 990 |
| 2018 | $2.9M | $3.0M | $5.8M | $195K | — | View 990 |
| 2017 | $2.7M | $2.8M | $5.9M | $206K | — | View 990 |
| 2016 | $2.5M | $2.7M | $5.9M | $149K | — | View 990 |
| 2015 | $2.5M | $2.6M | $6.1M | $149K | — | View 990 |
| 2014 | $2.5M | $2.6M | $6.2M | $181K | — | View 990 |
| 2013 | $2.4M | $2.5M | $6.3M | $225K | — | View 990 |
| 2012 | $2.2M | $2.3M | $6.5M | $228K | — | View 990 |
| 2011 | $3.2M | $2.2M | $6.6M | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.5M, and assets of $6.5M (revenue -0.4% year-over-year).
- 2022: Revenue of $4.5M, expenses of $4.9M, and assets of $6.6M (revenue +6.8% year-over-year).
- 2021: Revenue of $4.2M, expenses of $4.4M, and assets of $6.6M (revenue +0.0% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.3M, and assets of $6.7M (revenue +31.5% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.3M, and assets of $6.6M (revenue +7.8% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.0M, and assets of $5.8M (revenue +10.2% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.8M, and assets of $5.9M (revenue +6.8% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.7M, and assets of $5.9M (revenue -0.4% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $6.1M (revenue +-0.0% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $6.2M (revenue +3.7% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $6.3M (revenue +7.8% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.3M, and assets of $6.5M (revenue -30.7% year-over-year).
- 2011: Revenue of $3.2M, expenses of $2.2M, and assets of $6.6M.
Data Sources and Methodology
This transparency report for Josephs House And Shelter 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.