Palisades Emergency Residence Corp

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Palisades Emergency Residence Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals

Palisades Emergency Residence Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Palisades Emergency Residence Corp in one place.

Is Palisades Emergency Residence Corp Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Palisades Emergency Residence Corp shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Palisades Emergency Residence Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Palisades Emergency Residence Corp

Palisades Emergency Residence Corp (EIN: 222985600) is a nonprofit organization based in Union City, NJ. The organization reported total revenue of $1.5M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palisades Emergency Residence Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Palisades Emergency Residence Corp is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.6%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Palisades Emergency Residence Corp reported a deficit of $240K with expenses exceeding revenue, holds 22.8 months of operating reserves (strong position), has a debt-to-asset ratio of 86.4% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Palisades Emergency Residence Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.

IRS Tax-Exempt Classification

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 Palisades Emergency Residence Corp 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, Palisades Emergency Residence Corp 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 deficit of $240K, with expenses exceeding revenue.
• Debt-to-asset ratio: 86.4%.

Executive Compensation Analysis

Executive compensation details are not publicly available in the provided data, making a comprehensive assessment impossible.

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 Palisades Emergency Residence Corp's IRS 990 filings:

• Lack of detailed transparency reporting beyond basic IRS filings.
• No clear breakdown of executive compensation in available data.

Strengths

The following positive indicators were identified for Palisades Emergency Residence Corp:

• Consistent revenue generation over the past several years, indicating stable donor support or funding streams.
• High percentage of expenses dedicated to programs, suggesting efficient use of funds for direct services.

Frequently Asked Questions about Palisades Emergency Residence Corp

Filing History

IRS 990 filing history for Palisades Emergency Residence Corp showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Palisades Emergency Residence Corp's revenue has grown by 7.4%, moving from $1.3M to $1.4M. Total assets increased by 42.3% over the same period, from $2.2M to $3.1M. Total functional expenses rose by 20.4%, from $1.4M to $1.6M. In its most recent filing year (2023), Palisades Emergency Residence Corp reported a deficit of $240K, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $3.1M in assets (debt-to-asset ratio: 86.4%), resulting in net assets of $426K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $3.1M (revenue +3.6% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $3.2M (revenue +2.4% year-over-year).
• 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $3.0M (revenue -3.4% year-over-year).
• 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $2.2M (revenue +1.8% year-over-year).
• 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $2.1M (revenue +39.4% year-over-year).
• 2018: Revenue of $965K, expenses of $996K, and assets of $2.0M (revenue +2.7% year-over-year).
• 2017: Revenue of $940K, expenses of $1.1M, and assets of $2.0M (revenue -9.0% year-over-year).
• 2016: Revenue of $1.0M, expenses of $1.1M, and assets of $2.1M (revenue -14.1% year-over-year).
• 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $2.3M (revenue -41.1% year-over-year).
• 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $2.3M (revenue +27.8% year-over-year).
• 2013: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M (revenue +1.1% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M (revenue +20.8% year-over-year).
• 2011: Revenue of $1.3M, expenses of $1.4M, and assets of $2.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Palisades Emergency Residence Corp:

Data Sources and Methodology

This transparency report for Palisades Emergency Residence Corp 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.