New Jersey Memorial Home Welfare Fund

New Jersey Memorial Home Welfare Fund maintains stable operations with declining assets and no reported officer compensation.

EIN: 216018916 · Vineland, NJ · NTEE: T30Z · Updated: 2026-03-28

$209KRevenue

$389KAssets

75/100Mission Score (Good)

T30Z

About New Jersey Memorial Home Welfare Fund

New Jersey Memorial Home Welfare Fund (EIN: 216018916) is a nonprofit organization based in Vineland, NJ, classified under NTEE code T30Z. The organization reported total revenue of $209K and total assets of $389K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Memorial Home Welfare Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New Jersey Memorial Home Welfare Fund demonstrates a consistent operational pattern, with revenues and expenses fluctuating but generally in a similar range over the past several years. For instance, in the 202406 period, the organization reported revenues of $325,696 against expenses of $266,589, indicating a surplus. However, the prior period (202306) saw expenses of $218,970 exceed revenues of $187,961, resulting in a deficit. The organization's assets have shown a declining trend over the long term, from a high of $979,934 in 201406 to $398,674 in 202406, which warrants attention. Liabilities have remained consistently low, often at $0 in recent years, suggesting good financial management in that area.

Spending efficiency appears reasonable, with expenses generally aligning with revenue levels, preventing significant accumulation of debt. The absence of reported officer compensation across all filings indicates that leadership is likely volunteer-based or compensated through other means not categorized as officer compensation, which can be a positive sign for donor confidence regarding administrative overhead. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging.

Transparency is generally good through its consistent IRS 990 filings. The organization has a clear filing history, and the absence of officer compensation is a notable transparent aspect. To further enhance transparency, a more detailed breakdown of functional expenses would be beneficial for stakeholders to understand how funds are allocated across programs, administration, and fundraising efforts.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Jersey Memorial Home Welfare Fund with a Mission Score of 75 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: 80%
fundraising: 5%

According to IRS 990 filings, New Jersey Memorial Home Welfare Fund allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer categories, which is a positive for minimizing administrative overhead.

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 New Jersey Memorial Home Welfare Fund's IRS 990 filings:

Significant long-term decline in total assets from $979,934 in 2014 to $398,674 in 2024.
Lack of detailed functional expense breakdown (program, admin, fundraising) in available data, making precise efficiency analysis difficult.

Strengths

The following positive indicators were identified for New Jersey Memorial Home Welfare Fund:

Consistent IRS 990 filing history, indicating good compliance and transparency.
Zero reported officer compensation across all filings, suggesting low administrative overhead related to executive salaries.
Consistently low or zero liabilities, indicating sound debt management.
Positive net income in the most recent filing (202406), with revenue exceeding expenses by $59,107.

Frequently Asked Questions about New Jersey Memorial Home Welfare Fund

Why have the organization's assets declined significantly from nearly $1 million in 2014 to under $400,000 in 2024?

The IRS 990 filings show a consistent decrease in total assets from $979,934 in 201406 to $398,674 in 202406. This trend suggests either significant spending from reserves, investment losses, or a change in asset management strategy that would require further inquiry.

What is the specific nature of the 'Welfare Fund' and its programs?

While the NTEE code T30Z indicates 'Other Human Services, General,' the filings do not provide detailed program descriptions. Understanding the specific services provided would clarify the impact of the organization's expenses.

How does the organization manage to operate without reported officer compensation?

The consistent 0% officer compensation suggests that key leadership roles are either filled by volunteers or compensated through mechanisms not classified as officer compensation on the 990, which is unusual for an organization of this size and operational history.

Filing History

IRS 990 filing history for New Jersey Memorial Home Welfare Fund showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2024), New Jersey Memorial Home Welfare Fund's revenue has grown by 22.6%, moving from $266K to $326K. Total assets decreased by 37.8% over the same period, from $641K to $399K. Total functional expenses rose by 61.4%, from $165K to $267K. In its most recent filing year (2024), New Jersey Memorial Home Welfare Fund reported a surplus of $59K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$326K	$267K	$399K	$0	—	—
2023	$188K	$219K	$340K	$0	—	View 990
2022	$236K	$226K	$371K	$0	—	View 990
2021	$229K	$164K	$360K	$0	—	View 990
2020	$183K	$306K	$295K	$9K	—	View 990
2019	$230K	$332K	$409K	$15K	—	View 990
2018	$200K	$390K	$508K	$12K	—	View 990
2016	$315K	$332K	$888K	$36K	—	View 990
2015	$200K	$278K	$902K	$33K	—	View 990
2014	$299K	$348K	$980K	$33K	—	View 990
2013	$348K	$249K	$1.0M	$22K	—	View 990
2012	$462K	$196K	$911K	$15K	—	View 990
2011	$266K	$165K	$641K	$10K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $326K, expenses of $267K, and assets of $399K (revenue +73.3% year-over-year).
2023: Revenue of $188K, expenses of $219K, and assets of $340K (revenue -20.4% year-over-year).
2022: Revenue of $236K, expenses of $226K, and assets of $371K (revenue +3.1% year-over-year).
2021: Revenue of $229K, expenses of $164K, and assets of $360K (revenue +25.2% year-over-year).
2020: Revenue of $183K, expenses of $306K, and assets of $295K (revenue -20.4% year-over-year).
2019: Revenue of $230K, expenses of $332K, and assets of $409K (revenue +15.0% year-over-year).
2018: Revenue of $200K, expenses of $390K, and assets of $508K (revenue -36.5% year-over-year).
2016: Revenue of $315K, expenses of $332K, and assets of $888K (revenue +57.7% year-over-year).
2015: Revenue of $200K, expenses of $278K, and assets of $902K (revenue -33.2% year-over-year).
2014: Revenue of $299K, expenses of $348K, and assets of $980K (revenue -14.0% year-over-year).
2013: Revenue of $348K, expenses of $249K, and assets of $1.0M (revenue -24.7% year-over-year).
2012: Revenue of $462K, expenses of $196K, and assets of $911K (revenue +73.9% year-over-year).
2011: Revenue of $266K, expenses of $165K, and assets of $641K.

Data Sources and Methodology

This transparency report for New Jersey Memorial Home Welfare Fund 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.