North Central Jersey Association Of Realtors Inc
North Central Jersey Association Of Realtors Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 220779230 · Morristown, NJ · NTEE: S47 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $3.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $6.4M |
| Transparency Score | 85/100 |
Is North Central Jersey Association Of Realtors Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North Central Jersey Association Of Realtors Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North Central Jersey Association Of Realtors Inc
North Central Jersey Association Of Realtors Inc (EIN: 220779230) is a nonprofit organization based in Morristown, NJ, classified under NTEE code S47. The organization reported total revenue of $7.7M and total assets of $8.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Central Jersey Association Of Realtors Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Central Jersey Association Of Realtors Inc is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $3.2M |
| Surplus / Deficit | +$728K |
| Total Assets | $7.6M |
| Total Liabilities | $1.2M |
| Net Assets | $6.4M |
| Operating Margin | 18.7% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2023, North Central Jersey Association Of Realtors Inc reported a surplus of $728K with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Central Jersey Association Of Realtors Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.0% | +2.1% | +8.1% |
| 2022 | -1.6% | +15.6% | +2.3% |
| 2021 | +13.5% | +4.4% | +18.1% |
| 2020 | +24.0% | -1.3% | +16.4% |
| 2019 | +8.0% | +26.3% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 North Central Jersey Association Of Realtors 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, North Central Jersey Association Of Realtors Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $728K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through other means not categorized as 'Officer Comp' on the 990, which is highly unusual for an organization of this size with annual revenues approaching $4 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 North Central Jersey Association Of Realtors Inc's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low (0%) reported officer compensation for an organization of this size, which may warrant further investigation into compensation structures.
Strengths
The following positive indicators were identified for North Central Jersey Association Of Realtors Inc:
- Consistent revenue growth over the past decade, from $1.7M in 2014 to $3.8M in 2023.
- Strong asset growth, more than doubling from $3.4M in 2014 to $7.6M in 2023.
- Consistent operating surpluses, indicating sound financial management (e.g., $727,917 surplus in 2023).
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership.
Frequently Asked Questions about North Central Jersey Association Of Realtors Inc
Is North Central Jersey Association Of Realtors Inc a legitimate charity?
North Central Jersey Association Of Realtors Inc (EIN: 220779230) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $7.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does North Central Jersey Association Of Realtors Inc spend its money?
North Central Jersey Association Of Realtors Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to North Central Jersey Association Of Realtors Inc tax-deductible?
North Central Jersey Association Of Realtors Inc is registered as a tax-exempt nonprofit (EIN: 220779230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Central Jersey Association Of Realtors Inc CEO make?
North Central Jersey Association Of Realtors Inc's highest-compensated officer earns $4 annually. The organization reported $7.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Central Jersey Association Of Realtors Inc's spending goes to programs?
North Central Jersey Association Of Realtors Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North Central Jersey Association Of Realtors Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), North Central Jersey Association Of Realtors Inc is above average for NTEE category S47 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North Central Jersey Association Of Realtors Inc located?
North Central Jersey Association Of Realtors Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 220779230. It is classified under NTEE code S47.
How many years of IRS 990 filings does North Central Jersey Association Of Realtors Inc have?
North Central Jersey Association Of Realtors 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 $7.7M in total revenue.
Is North Central Jersey Association Of Realtors Inc a good charity?
Based on the provided financial data, the organization demonstrates strong financial health, consistent growth, and no reported officer compensation, which are positive indicators. However, without a detailed breakdown of program spending, it's difficult to fully assess its direct charitable impact.
How has the organization's financial health changed over the last 10 years?
The organization's financial health has significantly improved over the last decade, with revenue more than doubling from $1,759,614 in 2014 to $3,887,729 in 2023, and assets increasing from $3,403,807 to $7,603,067 in the same period. It has consistently maintained a surplus, indicating robust financial management.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It suggests that the organization's leadership may be entirely volunteer-based, or that compensation is structured in a way that it is not reported under 'Officer Comp' on the 990, which could be a point for further inquiry regarding transparency.
Filing History
IRS 990 filing history for North Central Jersey Association Of Realtors Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Central Jersey Association Of Realtors Inc's revenue has grown by 207%, moving from $1.3M to $3.9M. Total assets increased by 224.1% over the same period, from $2.3M to $7.6M. Total functional expenses rose by 160.7%, from $1.2M to $3.2M. In its most recent filing year (2023), North Central Jersey Association Of Realtors Inc reported a surplus of $728K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $7.6M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $6.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $3.2M | $7.6M | $1.2M | — | — |
| 2022 | $3.5M | $3.1M | $7.0M | $1.5M | — | — |
| 2021 | $3.6M | $2.7M | $6.9M | $1.5M | — | View 990 |
| 2020 | $3.2M | $2.6M | $5.8M | $1.4M | — | View 990 |
| 2019 | $2.5M | $2.6M | $5.0M | $1.3M | — | — |
| 2018 | $2.4M | $2.1M | $3.6M | $1.0M | — | View 990 |
| 2017 | $2.2M | $2.0M | $3.3M | $993K | — | View 990 |
| 2016 | $1.8M | $1.9M | $3.2M | $972K | — | View 990 |
| 2015 | $1.8M | $1.9M | $3.2M | $969K | — | View 990 |
| 2014 | $1.8M | $1.8M | $3.4M | $991K | — | View 990 |
| 2013 | $1.4M | $1.6M | $2.6M | $726K | — | View 990 |
| 2012 | $1.4M | $1.3M | $2.4M | $597K | — | View 990 |
| 2011 | $1.3M | $1.2M | $2.3M | $590K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $3.2M, and assets of $7.6M (revenue +10.0% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.1M, and assets of $7.0M (revenue -1.6% year-over-year).
- 2021: Revenue of $3.6M, expenses of $2.7M, and assets of $6.9M (revenue +13.5% year-over-year).
- 2020: Revenue of $3.2M, expenses of $2.6M, and assets of $5.8M (revenue +24.0% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.6M, and assets of $5.0M (revenue +8.0% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.1M, and assets of $3.6M (revenue +7.6% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.0M, and assets of $3.3M (revenue +18.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.9M, and assets of $3.2M (revenue +5.2% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.9M, and assets of $3.2M (revenue -0.2% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.8M, and assets of $3.4M (revenue +27.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.6M, and assets of $2.6M (revenue -1.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $2.4M (revenue +10.4% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Central Jersey Association Of Realtors Inc:
Data Sources and Methodology
This transparency report for North Central Jersey Association Of Realtors 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.