Monarch Housing Associates Inc
Monarch Housing Associates: Strong Growth, High Program Spending
EIN: 223094991 · Cranford, NJ · NTEE: L80Z · Updated: 2026-04-04
About Monarch Housing Associates Inc
Monarch Housing Associates Inc (EIN: 223094991) is a nonprofit organization based in Cranford, NJ, classified under NTEE code L80Z. The organization reported total revenue of $4.5M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monarch Housing Associates 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 Monarch Housing Associates 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, Monarch Housing Associates 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
Executive compensation appears reasonable given the organization's growth and revenue, with no red flags identified in available filings.
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.
Strengths
The following positive indicators were identified for Monarch Housing Associates Inc:
- Significant revenue growth from $996,204 in 2020 to $4,529,419 in 2023, indicating strong fundraising and program expansion.
- High percentage of spending dedicated to programs (85%), demonstrating a commitment to their mission.
- Consistent positive net assets, growing from $660,381 in 2020 to $4,511,302 in 2023.
Frequently Asked Questions about Monarch Housing Associates Inc
What does Monarch Housing Associates Inc do?
Monarch Housing Associates Inc is a nonprofit organization in the Housing & Shelter sector, located in Cranford, New Jersey. It is classified under NTEE code L80Z.
How much revenue does Monarch Housing Associates Inc have?
Monarch Housing Associates Inc reported total revenue of $4,529,419. Based on 12 IRS 990 filings on record.
What are Monarch Housing Associates Inc's total assets?
Monarch Housing Associates Inc holds total assets of $4,511,302 as reported in IRS 990 filings.
Where is Monarch Housing Associates Inc located?
Monarch Housing Associates Inc is based in Cranford, New Jersey.
What is Monarch Housing Associates Inc's EIN?
Monarch Housing Associates Inc's Employer Identification Number (EIN) is 223094991. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Monarch Housing Associates Inc?
Monarch Housing Associates Inc is classified under NTEE code L80Z (Housing & Shelter).
Is Monarch Housing Associates Inc a registered 501(c)(3)?
Yes, Monarch Housing Associates Inc is recognized as a tax-exempt organization by the IRS. EIN: 223094991.
Does Monarch Housing Associates Inc file IRS Form 990?
Yes, Monarch Housing Associates Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Monarch Housing Associates Inc's revenue in 2023?
In the 202312 filing period, Monarch Housing Associates Inc reported total revenue of $2,897,955, total expenses of $1,951,107, and net assets of $2,514,232.
Is Monarch Housing Associates Inc's revenue growing or declining?
Monarch Housing Associates Inc's revenue is growing. Revenue went from $1,532,792 (202212) to $2,897,955 (202312), a +89.1% change. Based on 12 filings on record.
What is Monarch Housing Associates Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Monarch Housing Associates Inc covers tax period 202312. It shows revenue of $2,897,955, expenses of $1,951,107, total assets of $2,514,232, and liabilities of $657,995.
How much does Monarch Housing Associates Inc spend on programs vs administration?
Based on IRS 990 analysis, Monarch Housing Associates Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Monarch Housing Associates Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Monarch Housing Associates Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Monarch Housing Associates Inc's strengths?
Positive indicators for Monarch Housing Associates Inc include: Significant revenue growth from $996,204 in 2020 to $4,529,419 in 2023, indicating strong fundraising and program expansion.. High percentage of spending dedicated to programs (85%), demonstrating a commitment to their mission.. Consistent positive net assets, growing from $660,381 in 2020 to $4,511,302 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Monarch Housing Associates Inc compensate executives?
Executive compensation appears reasonable given the organization's growth and revenue, with no red flags identified in available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Monarch Housing Associates Inc. managed to achieve such substantial revenue growth in recent years?
The organization has seen a significant increase in revenue, from $996,204 in 2020 to $4,529,419 in 2023, suggesting successful grant acquisition, increased donations, or expansion of fee-for-service programs.
Filing History
IRS 990 filing history for Monarch Housing Associates Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Monarch Housing Associates Inc's revenue has grown by 346.7%, moving from $649K to $2.9M. Total assets increased by 775.4% over the same period, from $287K to $2.5M. Total functional expenses rose by 178.1%, from $701K to $2.0M. In its most recent filing year (2023), Monarch Housing Associates Inc reported a surplus of $947K, with revenue exceeding expenses. The organization holds $658K in liabilities against $2.5M in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.0M | $2.5M | $658K | — | — |
| 2022 | $1.5M | $1.2M | $1.7M | $785K | — | View 990 |
| 2021 | $1.4M | $1.2M | $681K | $84K | — | View 990 |
| 2020 | $996K | $997K | $660K | $229K | — | View 990 |
| 2018 | $1.1M | $1.1M | $397K | $25K | — | View 990 |
| 2017 | $916K | $1.0M | $373K | $25K | — | View 990 |
| 2016 | $1.0M | $995K | $502K | $43K | — | View 990 |
| 2015 | $1.1M | $847K | $489K | $55K | — | View 990 |
| 2014 | $945K | $840K | $354K | $134K | — | View 990 |
| 2013 | $814K | $846K | $235K | $120K | — | View 990 |
| 2012 | $613K | $710K | $228K | $82K | — | View 990 |
| 2011 | $649K | $701K | $287K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.0M, and assets of $2.5M (revenue +89.1% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $1.7M (revenue +11.1% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $681K (revenue +38.5% year-over-year).
- 2020: Revenue of $996K, expenses of $997K, and assets of $660K (revenue -10.3% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $397K (revenue +21.2% year-over-year).
- 2017: Revenue of $916K, expenses of $1.0M, and assets of $373K (revenue -10.2% year-over-year).
- 2016: Revenue of $1.0M, expenses of $995K, and assets of $502K (revenue -3.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $847K, and assets of $489K (revenue +12.3% year-over-year).
- 2014: Revenue of $945K, expenses of $840K, and assets of $354K (revenue +16.0% year-over-year).
- 2013: Revenue of $814K, expenses of $846K, and assets of $235K (revenue +32.8% year-over-year).
- 2012: Revenue of $613K, expenses of $710K, and assets of $228K (revenue -5.4% year-over-year).
- 2011: Revenue of $649K, expenses of $701K, and assets of $287K.
Data Sources and Methodology
This transparency report for Monarch Housing Associates 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.