Jpc Affordable Housing Foundation Inc
Jpc Affordable Housing Foundation consistently operates with negative net assets despite generating annual surpluses in recent years.
EIN: 202743344 · Lakewood, NJ · NTEE: L11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.5M |
| Total Expenses | $6.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $-7,654,567 |
| Transparency Score | 85/100 |
Is Jpc Affordable Housing Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jpc Affordable Housing Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jpc Affordable Housing Foundation Inc
Jpc Affordable Housing Foundation Inc (EIN: 202743344) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code L11. The organization reported total revenue of $7.5M and total assets of $16.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jpc Affordable Housing Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jpc Affordable Housing Foundation Inc is a mid-size nonprofit that has been operating for 9 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.5M |
| Total Expenses | $6.2M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $16.2M |
| Total Liabilities | $23.8M |
| Net Assets | $-7,654,567 |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 147.3% |
| Months of Reserves | 31.2 months |
Financial Health Grade: A
In 2021, Jpc Affordable Housing Foundation Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 147.3% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Jpc Affordable Housing Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +18.8% | -7.9% | -1.2% |
| 2020 | -0.6% | -0.6% | -3.4% |
| 2019 | +4.0% | +1.5% | -2.4% |
| 2018 | -4.2% | -3.8% | -3.6% |
| 2017 | +1.2% | +8.0% | -3.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
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 Jpc Affordable Housing Foundation 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Jpc Affordable Housing Foundation Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 147.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is highly unusual for an organization of its size with annual revenues exceeding $6 million.
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 Jpc Affordable Housing Foundation Inc's IRS 990 filings:
- Consistent negative net assets across all filing periods, with liabilities significantly exceeding assets (e.g., $23.8M liabilities vs. $16.1M assets in 2021).
- 0% officer compensation reported for an organization with over $6 million in annual revenue, which is highly atypical and warrants further inquiry into its management structure.
Strengths
The following positive indicators were identified for Jpc Affordable Housing Foundation Inc:
- Consistent generation of operating surpluses in recent years (e.g., $1.3M surplus in 2021).
- Strong program focus, with a high percentage of expenses likely directed towards its mission of affordable housing.
- Consistent and timely filing of IRS Form 990s, indicating good transparency practices.
Frequently Asked Questions about Jpc Affordable Housing Foundation Inc
Is Jpc Affordable Housing Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jpc Affordable Housing Foundation Inc (EIN: 202743344) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Jpc Affordable Housing Foundation Inc spend its money?
Jpc Affordable Housing Foundation Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jpc Affordable Housing Foundation Inc tax-deductible?
Jpc Affordable Housing Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202743344). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Jpc Affordable Housing Foundation Inc CEO make?
Jpc Affordable Housing Foundation Inc's highest-compensated officer earns $6 annually. The organization reported $7.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Jpc Affordable Housing Foundation Inc's spending goes to programs?
Jpc Affordable Housing Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Jpc Affordable Housing Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Jpc Affordable Housing Foundation Inc is above average for NTEE category L11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jpc Affordable Housing Foundation Inc located?
Jpc Affordable Housing Foundation Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 202743344. It is classified under NTEE code L11.
How many years of IRS 990 filings does Jpc Affordable Housing Foundation Inc have?
Jpc Affordable Housing Foundation 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 $7.5M in total revenue.
Is Jpc Affordable Housing Foundation Inc. financially stable given its negative net assets?
While the organization consistently reports liabilities exceeding assets, which results in negative net assets, it has also consistently generated sufficient revenue to cover its expenses in recent years (e.g., $7.5M revenue vs. $6.2M expenses in 2021). This suggests operational stability, but the long-term implications of its balance sheet structure warrant further investigation into its specific financial model, likely related to its affordable housing property ownership and associated debt.
How does Jpc Affordable Housing Foundation Inc. manage without paying officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. This could indicate that executive functions are performed by volunteers, by staff whose roles are not classified as 'officer' for 990 purposes, or through services provided by a related entity, which would require deeper scrutiny of its operational structure and related party transactions.
Filing History
IRS 990 filing history for Jpc Affordable Housing Foundation Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Jpc Affordable Housing Foundation Inc's revenue has grown by 28.6%, moving from $5.9M to $7.5M. Total assets decreased by 41.6% over the same period, from $27.7M to $16.2M. Total functional expenses fell by 10%, from $6.9M to $6.2M. In its most recent filing year (2021), Jpc Affordable Housing Foundation Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $23.8M in liabilities against $16.2M in assets (debt-to-asset ratio: 147.3%), resulting in net assets of $-7,654,567.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $7.5M | $6.2M | $16.2M | $23.8M | — | View 990 |
| 2020 | $6.3M | $6.8M | $16.4M | $25.2M | — | View 990 |
| 2019 | $6.4M | $6.8M | $17.0M | $25.1M | — | View 990 |
| 2018 | $6.1M | $6.7M | $17.4M | $25.1M | — | View 990 |
| 2017 | $6.4M | $7.0M | $18.0M | $24.9M | — | View 990 |
| 2016 | $6.3M | $6.5M | $18.7M | $24.9M | — | View 990 |
| 2015 | $6.0M | $6.5M | $23.3M | $27.5M | — | View 990 |
| 2014 | $5.7M | $6.7M | $24.0M | $28.3M | — | View 990 |
| 2013 | $5.7M | $6.4M | $25.5M | $29.4M | — | View 990 |
| 2012 | $8.2M | $6.9M | $26.5M | $29.3M | — | View 990 |
| 2011 | $5.9M | $6.9M | $27.7M | $32.0M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $7.5M, expenses of $6.2M, and assets of $16.2M (revenue +18.8% year-over-year).
- 2020: Revenue of $6.3M, expenses of $6.8M, and assets of $16.4M (revenue -0.6% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.8M, and assets of $17.0M (revenue +4.0% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.7M, and assets of $17.4M (revenue -4.2% year-over-year).
- 2017: Revenue of $6.4M, expenses of $7.0M, and assets of $18.0M (revenue +1.2% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.5M, and assets of $18.7M (revenue +6.4% year-over-year).
- 2015: Revenue of $6.0M, expenses of $6.5M, and assets of $23.3M (revenue +5.3% year-over-year).
- 2014: Revenue of $5.7M, expenses of $6.7M, and assets of $24.0M (revenue -0.1% year-over-year).
- 2013: Revenue of $5.7M, expenses of $6.4M, and assets of $25.5M (revenue -31.1% year-over-year).
- 2012: Revenue of $8.2M, expenses of $6.9M, and assets of $26.5M (revenue +40.3% year-over-year).
- 2011: Revenue of $5.9M, expenses of $6.9M, and assets of $27.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jpc Affordable Housing Foundation Inc:
Data Sources and Methodology
This transparency report for Jpc Affordable Housing Foundation 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.