Palisades Emergency Residence Corp
Palisades Emergency Residence Corp: Stable Revenue, High Program Spending, but Limited Transparency
EIN: 222985600 · Union City, NJ · Updated: 2026-04-04
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 →
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.
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.
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
Is Palisades Emergency Residence Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Palisades Emergency Residence Corp (EIN: 222985600) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Palisades Emergency Residence Corp spend its money?
Palisades Emergency Residence Corp directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Palisades Emergency Residence Corp tax-deductible?
Palisades Emergency Residence Corp is registered as a tax-exempt nonprofit (EIN: 222985600). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Palisades Emergency Residence Corp do?
Palisades Emergency Residence Corp is a nonprofit organization in the Unknown sector, located in Union City, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Palisades Emergency Residence Corp have?
Palisades Emergency Residence Corp reported total revenue of $1,487,857. Based on 13 IRS 990 filings on record.
What are Palisades Emergency Residence Corp's total assets?
Palisades Emergency Residence Corp holds total assets of $2,834,985 as reported in IRS 990 filings.
Where is Palisades Emergency Residence Corp located?
Palisades Emergency Residence Corp is based in Union City, New Jersey.
What is Palisades Emergency Residence Corp's EIN?
Palisades Emergency Residence Corp's Employer Identification Number (EIN) is 222985600. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Palisades Emergency Residence Corp?
Palisades Emergency Residence Corp is classified under NTEE code Unknown (Unknown).
Is Palisades Emergency Residence Corp a registered 501(c)(3)?
Palisades Emergency Residence Corp appears in IRS records (EIN: 222985600). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Palisades Emergency Residence Corp file IRS Form 990?
Yes, Palisades Emergency Residence Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Palisades Emergency Residence Corp's revenue in 2023?
In the 202312 filing period, Palisades Emergency Residence Corp reported total revenue of $1,403,045, total expenses of $1,642,848, and net assets of $3,119,832.
Is Palisades Emergency Residence Corp's revenue growing or declining?
Palisades Emergency Residence Corp's revenue is relatively stable. Revenue went from $1,354,043 (202212) to $1,403,045 (202312), a +3.6% change. Based on 13 filings on record.
What is Palisades Emergency Residence Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Palisades Emergency Residence Corp covers tax period 202312. It shows revenue of $1,403,045, expenses of $1,642,848, total assets of $3,119,832, and liabilities of $2,694,329.
How much does Palisades Emergency Residence Corp spend on programs vs administration?
Based on IRS 990 analysis, Palisades Emergency Residence Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Palisades Emergency Residence Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Palisades Emergency Residence Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Palisades Emergency Residence Corp?
The following concerns were identified: Lack of detailed transparency reporting beyond basic IRS filings.. No clear breakdown of executive compensation in available data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Palisades Emergency Residence Corp's strengths?
Positive indicators for Palisades Emergency Residence Corp include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Palisades Emergency Residence Corp compensate executives?
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 disclosure of officer, director, and key employee pay.
How does the organization sustain its program spending with relatively flat revenue growth over the past five years?
The organization has maintained consistent program spending by keeping administrative and fundraising costs low, as indicated by the high program spending percentage.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.6M | $3.1M | $2.7M | — | View 990 |
| 2022 | $1.4M | $1.3M | $3.2M | $2.5M | — | View 990 |
| 2021 | $1.3M | $1.1M | $3.0M | $2.3M | — | View 990 |
| 2020 | $1.4M | $1.2M | $2.2M | $1.7M | — | — |
| 2019 | $1.3M | $1.2M | $2.1M | $1.8M | — | View 990 |
| 2018 | $965K | $996K | $2.0M | $1.8M | — | View 990 |
| 2017 | $940K | $1.1M | $2.0M | $1.8M | — | — |
| 2016 | $1.0M | $1.1M | $2.1M | $1.7M | — | View 990 |
| 2015 | $1.2M | $1.3M | $2.3M | $1.8M | — | View 990 |
| 2014 | $2.0M | $2.0M | $2.3M | $1.8M | — | View 990 |
| 2013 | $1.6M | $1.6M | $2.2M | $1.7M | — | View 990 |
| 2012 | $1.6M | $1.6M | $2.2M | $1.6M | — | View 990 |
| 2011 | $1.3M | $1.4M | $2.2M | $1.6M | — | View 990 |
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.
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.