New Jersey Multiple Listing Service Inc
New Jersey Multiple Listing Service: Strong Assets, Consistent Revenue, but Transparency Lacking
EIN: 222178686 · Saddle Brook, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $5.6M |
| Program Spending | 85% |
| Net Assets | $19.2M |
| Transparency Score | 75/100 |
Is New Jersey Multiple Listing Service Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Multiple Listing Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Multiple Listing Service Inc
New Jersey Multiple Listing Service Inc (EIN: 222178686) is a nonprofit organization based in Saddle Brook, NJ. The organization reported total revenue of $9.4M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Multiple Listing Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Multiple Listing Service Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $5.6M |
| Surplus / Deficit | +$1.0M |
| Total Assets | $21.5M |
| Total Liabilities | $2.3M |
| Net Assets | $19.2M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 10.6% |
| Months of Reserves | 46.0 months |
Financial Health Grade: A
In 2023, New Jersey Multiple Listing Service Inc reported a surplus of $1.0M with revenue exceeding expenses, holds 46.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Multiple Listing Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.2% | +2.1% | +9.3% |
| 2022 | -4.3% | +10.0% | -2.4% |
| 2021 | +10.7% | +2.7% | +12.7% |
| 2020 | +0.3% | +2.6% | +12.2% |
| 2019 | +21.2% | +8.8% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 New Jersey Multiple Listing Service Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Jersey Multiple Listing Service 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 10.6%.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, overall expenses are consistent with the organization's size and mission.
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 Multiple Listing Service Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in public filings.
- Absence of a clear transparency report or financial documents on their website.
- Limited information on specific executive compensation figures.
Strengths
The following positive indicators were identified for New Jersey Multiple Listing Service Inc:
- Consistent revenue generation over several years, indicating stable operations.
- Significant and growing asset base, reaching $23,140,511 in 2023, suggesting strong financial health.
- Low liability-to-asset ratio, indicating good financial management.
Frequently Asked Questions about New Jersey Multiple Listing Service Inc
Is New Jersey Multiple Listing Service Inc a legitimate charity?
New Jersey Multiple Listing Service Inc (EIN: 222178686) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $9.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Jersey Multiple Listing Service Inc spend its money?
New Jersey Multiple Listing Service Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Multiple Listing Service Inc tax-deductible?
New Jersey Multiple Listing Service Inc is registered as a tax-exempt nonprofit (EIN: 222178686). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Multiple Listing Service Inc's spending goes to programs?
New Jersey Multiple Listing Service Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Multiple Listing Service Inc located?
New Jersey Multiple Listing Service Inc is headquartered in Saddle Brook, New Jersey and files with the IRS under EIN 222178686.
How many years of IRS 990 filings does New Jersey Multiple Listing Service Inc have?
New Jersey Multiple Listing Service Inc has 13 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 $9.4M in total revenue.
What does New Jersey Multiple Listing Service Inc do?
New Jersey Multiple Listing Service Inc is a nonprofit organization in the Unknown sector, located in Saddle Brook, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Multiple Listing Service Inc have?
New Jersey Multiple Listing Service Inc reported total revenue of $9,443,858. Based on 13 IRS 990 filings on record.
What are New Jersey Multiple Listing Service Inc's total assets?
New Jersey Multiple Listing Service Inc holds total assets of $23,140,511 as reported in IRS 990 filings.
Where is New Jersey Multiple Listing Service Inc located?
New Jersey Multiple Listing Service Inc is based in Saddle Brook, New Jersey.
What is New Jersey Multiple Listing Service Inc's EIN?
New Jersey Multiple Listing Service Inc's Employer Identification Number (EIN) is 222178686. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Multiple Listing Service Inc?
New Jersey Multiple Listing Service Inc is classified under NTEE code Unknown (Unknown).
Is New Jersey Multiple Listing Service Inc a registered 501(c)(3)?
New Jersey Multiple Listing Service Inc appears in IRS records (EIN: 222178686). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Multiple Listing Service Inc file IRS Form 990?
Yes, New Jersey Multiple Listing Service Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Multiple Listing Service Inc's revenue in 2023?
In the 202312 filing period, New Jersey Multiple Listing Service Inc reported total revenue of $6,627,210, total expenses of $5,617,802, and net assets of $21,514,196.
Is New Jersey Multiple Listing Service Inc's revenue growing or declining?
New Jersey Multiple Listing Service Inc's revenue is relatively stable. Revenue went from $6,709,845 (202212) to $6,627,210 (202312), a -1.2% change. Based on 13 filings on record.
What is New Jersey Multiple Listing Service Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Multiple Listing Service Inc covers tax period 202312. It shows revenue of $6,627,210, expenses of $5,617,802, total assets of $21,514,196, and liabilities of $2,285,400.
How much does New Jersey Multiple Listing Service Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Multiple Listing Service Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Multiple Listing Service Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Multiple Listing Service Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Multiple Listing Service Inc?
The following concerns were identified: Lack of detailed program spending breakdown in public filings.. Absence of a clear transparency report or financial documents on their website.. Limited information on specific executive compensation figures.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Multiple Listing Service Inc's strengths?
Positive indicators for New Jersey Multiple Listing Service Inc include: Consistent revenue generation over several years, indicating stable operations.. Significant and growing asset base, reaching $23,140,511 in 2023, suggesting strong financial health.. Low liability-to-asset ratio, indicating good financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Multiple Listing Service Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, overall expenses are consistent with the organization's size and mission. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Jersey Multiple Listing Service Inc?
• Detailed program spending is not readily available in public filings, making it difficult to assess the direct impact of their services. • The organization's website lacks a dedicated transparency portal or easy access to financial documents. • No clear breakdown of administrative versus fundraising costs is provided, requiring estimation. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the substantial asset growth from $13,136,325 in 2016 to $23,140,511 in 2023, what are the specific investment strategies or asset management policies driving this accumulation, and how do these align with their nonprofit mission?
The provided data indicates significant asset growth, but specific investment strategies are not detailed. Further investigation into their investment portfolio and policies would be necessary to understand how these assets are managed and if they are actively contributing to their mission beyond operational stability.
Filing History
IRS 990 filing history for New Jersey Multiple Listing Service Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Multiple Listing Service Inc's revenue has grown by 50.2%, moving from $4.4M to $6.6M. Total assets increased by 110% over the same period, from $10.2M to $21.5M. Total functional expenses rose by 42.1%, from $4.0M to $5.6M. In its most recent filing year (2023), New Jersey Multiple Listing Service Inc reported a surplus of $1.0M, with revenue exceeding expenses. The organization holds $2.3M in liabilities against $21.5M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $19.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $5.6M | $21.5M | $2.3M | — | — |
| 2022 | $6.7M | $5.5M | $19.7M | $2.5M | — | View 990 |
| 2021 | $7.0M | $5.0M | $20.2M | $1.9M | — | View 990 |
| 2020 | $6.3M | $4.9M | $17.9M | $1.9M | — | View 990 |
| 2019 | $6.3M | $4.7M | $15.9M | $1.5M | — | — |
| 2018 | $5.2M | $4.4M | $14.8M | $2.1M | — | View 990 |
| 2017 | $4.9M | $4.1M | $14.1M | $2.1M | — | View 990 |
| 2016 | $4.7M | $4.0M | $13.1M | $1.8M | — | View 990 |
| 2015 | $4.6M | $3.9M | $12.6M | $1.8M | — | View 990 |
| 2014 | $4.6M | $3.8M | $11.9M | $1.5M | — | View 990 |
| 2013 | $4.4M | $3.7M | $11.2M | $1.2M | — | View 990 |
| 2012 | $4.2M | $3.8M | $10.7M | $1.1M | — | View 990 |
| 2011 | $4.4M | $4.0M | $10.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $5.6M, and assets of $21.5M (revenue -1.2% year-over-year).
- 2022: Revenue of $6.7M, expenses of $5.5M, and assets of $19.7M (revenue -4.3% year-over-year).
- 2021: Revenue of $7.0M, expenses of $5.0M, and assets of $20.2M (revenue +10.7% year-over-year).
- 2020: Revenue of $6.3M, expenses of $4.9M, and assets of $17.9M (revenue +0.3% year-over-year).
- 2019: Revenue of $6.3M, expenses of $4.7M, and assets of $15.9M (revenue +21.2% year-over-year).
- 2018: Revenue of $5.2M, expenses of $4.4M, and assets of $14.8M (revenue +6.6% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.1M, and assets of $14.1M (revenue +5.2% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.0M, and assets of $13.1M (revenue +1.8% year-over-year).
- 2015: Revenue of $4.6M, expenses of $3.9M, and assets of $12.6M (revenue -0.1% year-over-year).
- 2014: Revenue of $4.6M, expenses of $3.8M, and assets of $11.9M (revenue +4.6% year-over-year).
- 2013: Revenue of $4.4M, expenses of $3.7M, and assets of $11.2M (revenue +3.6% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.8M, and assets of $10.7M (revenue -4.4% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.0M, and assets of $10.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Multiple Listing Service Inc:
Data Sources and Methodology
This transparency report for New Jersey Multiple Listing Service 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.