Kelsch Homes Inc
Kelsch Homes Inc: Declining Assets and Inconsistent Financials Raise Concerns
EIN: 222322879 · Woodbury Hts, NJ · NTEE: P73Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $340K |
| Transparency Score | 65/100 |
Is Kelsch Homes Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kelsch Homes Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kelsch Homes Inc
Kelsch Homes Inc (EIN: 222322879) is a nonprofit organization based in Woodbury Hts, NJ, classified under NTEE code P73Z. The organization reported total revenue of $2.2M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kelsch Homes Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kelsch Homes Inc is a mid-size nonprofit that has been operating for 43 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 47.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$35K |
| Total Assets | $2.1M |
| Total Liabilities | $1.8M |
| Net Assets | $340K |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 83.8% |
| Months of Reserves | 11.4 months |
Financial Health Grade: A
In 2023, Kelsch Homes Inc reported a surplus of $35K with revenue exceeding expenses, holds 11.4 months of operating reserves (strong position), has a debt-to-asset ratio of 83.8% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Kelsch Homes Inc's revenue has grown at a compound annual growth rate (CAGR) of 47.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +4.2% | +16.2% |
| 2022 | +15.9% | +21.5% | -73.4% |
| 2021 | +20.0% | +2.2% | +4.8% |
| 2020 | -30.7% | -33.5% | -0.1% |
| 2019 | +182.5% | +48.0% | +30.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Kelsch Homes Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Kelsch Homes Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 83.8%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational scale.
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 Kelsch Homes Inc's IRS 990 filings:
- Total assets have decreased by over 69% ($4,699,463) from 2021 to 2023, indicating potential financial instability or significant asset divestment.
- The consistent reporting of 0% compensation for all years is highly unusual and may suggest incomplete or misleading financial disclosures.
- Liabilities have remained high, with $1,757,866 in 2023, while assets have sharply declined, potentially indicating a worsening financial position.
Strengths
The following positive indicators were identified for Kelsch Homes Inc:
- The organization has consistently generated over $1.5 million in revenue in recent years, demonstrating a capacity for fundraising.
- Expenses have generally been in line with or slightly below revenue in the last two years, suggesting some operational control.
Frequently Asked Questions about Kelsch Homes Inc
Is Kelsch Homes Inc a legitimate charity?
Kelsch Homes Inc (EIN: 222322879) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 2 strengths noted. Financial health grade: A.
How does Kelsch Homes Inc spend its money?
Kelsch Homes Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Kelsch Homes Inc tax-deductible?
Kelsch Homes Inc is registered as a tax-exempt nonprofit (EIN: 222322879). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Kelsch Homes Inc CEO make?
Kelsch Homes Inc's highest-compensated officer earns $0 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Kelsch Homes Inc's spending goes to programs?
Kelsch Homes Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kelsch Homes Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Kelsch Homes Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kelsch Homes Inc located?
Kelsch Homes Inc is headquartered in Woodbury Hts, New Jersey and files with the IRS under EIN 222322879. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does Kelsch Homes Inc have?
Kelsch Homes Inc has 8 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 $2.2M in total revenue.
What does Kelsch Homes Inc do?
Kelsch Homes Inc is a nonprofit organization in the Human Services sector, located in Woodbury Hts, New Jersey. It is classified under NTEE code P73Z.
How much revenue does Kelsch Homes Inc have?
Kelsch Homes Inc reported total revenue of $2,240,500. Based on 8 IRS 990 filings on record.
What are Kelsch Homes Inc's total assets?
Kelsch Homes Inc holds total assets of $2,098,235 as reported in IRS 990 filings.
Where is Kelsch Homes Inc located?
Kelsch Homes Inc is based in Woodbury Hts, New Jersey.
What is Kelsch Homes Inc's EIN?
Kelsch Homes Inc's Employer Identification Number (EIN) is 222322879. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kelsch Homes Inc?
Kelsch Homes Inc is classified under NTEE code P73Z (Human Services).
Is Kelsch Homes Inc a registered 501(c)(3)?
Yes, Kelsch Homes Inc is recognized as a tax-exempt organization by the IRS. EIN: 222322879.
Does Kelsch Homes Inc file IRS Form 990?
Yes, Kelsch Homes Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Kelsch Homes Inc's revenue in 2023?
In the 202306 filing period, Kelsch Homes Inc reported total revenue of $2,240,500, total expenses of $2,205,272, and net assets of $2,098,235.
Is Kelsch Homes Inc's revenue growing or declining?
Kelsch Homes Inc's revenue is relatively stable. Revenue went from $2,212,990 (202206) to $2,240,500 (202306), a +1.2% change. Based on 8 filings on record.
What is Kelsch Homes Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kelsch Homes Inc covers tax period 202306. It shows revenue of $2,240,500, expenses of $2,205,272, total assets of $2,098,235, and liabilities of $1,757,866.
How much does Kelsch Homes Inc spend on programs vs administration?
Based on IRS 990 analysis, Kelsch Homes Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Kelsch Homes Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kelsch Homes Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Kelsch Homes Inc?
The following concerns were identified: Total assets have decreased by over 69% ($4,699,463) from 2021 to 2023, indicating potential financial instability or significant asset divestment.. The consistent reporting of 0% compensation for all years is highly unusual and may suggest incomplete or misleading financial disclosures.. Liabilities have remained high, with $1,757,866 in 2023, while assets have sharply declined, potentially indicating a worsening financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kelsch Homes Inc's strengths?
Positive indicators for Kelsch Homes Inc include: The organization has consistently generated over $1.5 million in revenue in recent years, demonstrating a capacity for fundraising.. Expenses have generally been in line with or slightly below revenue in the last two years, suggesting some operational control.. These findings are derived from AI analysis of the organization's financial filings.
How does Kelsch Homes Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which warrants further investigation given the organization's operational scale. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic decrease in total assets from $6,797,698 in 2021 to $2,098,235 in 2023, and how does this impact the organization's long-term sustainability?
The filings do not provide specific details for this significant asset reduction. It could be due to asset sales, depreciation, or write-offs, which would need further clarification to assess the impact on the organization's future capacity and solvency.
Given the reported revenues and expenses, how does Kelsch Homes Inc operate without any reported compensation, and what is the true cost of its operations?
The consistent 0% compensation reported is highly unusual. It suggests that either all personnel are volunteers, compensation is being reported under a different category, or there's an omission in the filings. Understanding the actual compensation structure is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Kelsch Homes Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Kelsch Homes Inc's revenue has grown by 1384.7%, moving from $151K to $2.2M. Total assets increased by 93.8% over the same period, from $1.1M to $2.1M. Total functional expenses rose by 1331.2%, from $154K to $2.2M. In its most recent filing year (2023), Kelsch Homes Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $2.1M in assets (debt-to-asset ratio: 83.8%), resulting in net assets of $340K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.2M | $2.1M | $1.8M | — | View 990 |
| 2022 | $2.2M | $2.1M | $1.8M | $1.5M | — | View 990 |
| 2021 | $1.9M | $1.7M | $6.8M | $6.6M | — | — |
| 2020 | $1.6M | $1.7M | $6.5M | $6.4M | — | View 990 |
| 2019 | $2.3M | $2.6M | $6.5M | $6.9M | — | View 990 |
| 2018 | $812K | $1.7M | $5.0M | $5.9M | — | View 990 |
| 2017 | $236K | $251K | $3.7M | $3.7M | — | View 990 |
| 2016 | $151K | $154K | $1.1M | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.2M, and assets of $2.1M (revenue +1.2% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $1.8M (revenue +15.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $6.8M (revenue +20.0% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $6.5M (revenue -30.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.6M, and assets of $6.5M (revenue +182.5% year-over-year).
- 2018: Revenue of $812K, expenses of $1.7M, and assets of $5.0M (revenue +244.5% year-over-year).
- 2017: Revenue of $236K, expenses of $251K, and assets of $3.7M (revenue +56.3% year-over-year).
- 2016: Revenue of $151K, expenses of $154K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kelsch Homes Inc:
Data Sources and Methodology
This transparency report for Kelsch Homes 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.