Palisades General Care Inc
Palisades General Care Inc: Consistent Revenue, Stable Assets, but Limited Financial Detail
EIN: 222587492 · North Bergen, NJ · Updated: 2026-04-04
About Palisades General Care Inc
Palisades General Care Inc (EIN: 222587492) is a nonprofit organization based in North Bergen, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Palisades General Care Inc'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 General Care Inc with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, Palisades General Care Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The filings consistently report $0 in compensation for key employees, which is highly atypical for an organization with annual revenues exceeding $26 million and warrants further investigation into how leadership is compensated or if this data is incomplete.
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 General Care Inc's IRS 990 filings:
- Consistent reporting of $0 compensation for key employees across all available filings (2011-2015) raises questions about the accuracy or completeness of executive compensation disclosures.
- Lack of detailed breakdown for expenses (programs, admin, fundraising) in the provided data makes it challenging to fully assess financial efficiency.
Strengths
The following positive indicators were identified for Palisades General Care Inc:
- Stable revenue generation, consistently around $26 million annually, indicates a reliable funding base.
- Assets have shown consistent growth from $34.7 million in 2011 to $43.2 million in 2015, demonstrating financial stability.
- Liabilities have remained relatively stable and manageable in proportion to assets.
Frequently Asked Questions about Palisades General Care Inc
What does Palisades General Care Inc do?
Palisades General Care Inc is a nonprofit organization in the Unknown sector, located in North Bergen, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Palisades General Care Inc have?
Palisades General Care Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Palisades General Care Inc's total assets?
Palisades General Care Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Palisades General Care Inc located?
Palisades General Care Inc is based in North Bergen, New Jersey.
What is Palisades General Care Inc's EIN?
Palisades General Care Inc's Employer Identification Number (EIN) is 222587492. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Palisades General Care Inc?
Palisades General Care Inc is classified under NTEE code Unknown (Unknown).
Is Palisades General Care Inc a registered 501(c)(3)?
Palisades General Care Inc appears in IRS records (EIN: 222587492). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Palisades General Care Inc file IRS Form 990?
Yes, Palisades General Care Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was Palisades General Care Inc's revenue in 2015?
In the 201512 filing period, Palisades General Care Inc reported total revenue of $26,444,786, total expenses of $24,015,118, and net assets of $43,274,782.
Is Palisades General Care Inc's revenue growing or declining?
Palisades General Care Inc's revenue is relatively stable. Revenue went from $26,365,339 (201412) to $26,444,786 (201512), a +0.3% change. Based on 5 filings on record.
What is Palisades General Care Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Palisades General Care Inc covers tax period 201512. It shows revenue of $26,444,786, expenses of $24,015,118, total assets of $43,274,782, and liabilities of $13,588,782.
How much does Palisades General Care Inc spend on programs vs administration?
Based on IRS 990 analysis, Palisades General Care Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Palisades General Care Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Palisades General Care Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Palisades General Care Inc?
The following concerns were identified: Consistent reporting of $0 compensation for key employees across all available filings (2011-2015) raises questions about the accuracy or completeness of executive compensation disclosures.. Lack of detailed breakdown for expenses (programs, admin, fundraising) in the provided data makes it challenging to fully assess financial efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Palisades General Care Inc's strengths?
Positive indicators for Palisades General Care Inc include: Stable revenue generation, consistently around $26 million annually, indicates a reliable funding base.. Assets have shown consistent growth from $34.7 million in 2011 to $43.2 million in 2015, demonstrating financial stability.. Liabilities have remained relatively stable and manageable in proportion to assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Palisades General Care Inc compensate executives?
The filings consistently report $0 in compensation for key employees, which is highly atypical for an organization with annual revenues exceeding $26 million and warrants further investigation into how leadership is compensated or if this data is incomplete. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for key employee compensation, what is the actual compensation structure for the leadership of Palisades General Care Inc, and how is it funded?
The provided data does not offer insight into the actual compensation structure beyond the $0 reported for key employees. This could indicate compensation is paid through a related entity, or that the reporting category is not capturing all forms of executive remuneration. Further investigation into their IRS Form 990, Part VII, Section A would be necessary to clarify this.
How does Palisades General Care Inc manage to maintain such consistent revenue and expense figures year-over-year, and what are the primary sources of this stable income?
The consistent revenue (around $26 million) and expenses (around $24 million) suggest a very stable operational model, possibly indicating a strong reliance on recurring grants, government contracts, or a consistent patient/client base. Without more detailed financial statements, the specific primary sources of income cannot be identified, but this stability is a notable characteristic.
Filing History
IRS 990 filing history for Palisades General Care Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Palisades General Care Inc's revenue has declined by 0.2%, moving from $26.5M to $26.4M. Total assets increased by 24.6% over the same period, from $34.7M to $43.3M. Total functional expenses rose by 0%, from $24.0M to $24.0M. In its most recent filing year (2015), Palisades General Care Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $13.6M in liabilities against $43.3M in assets (debt-to-asset ratio: 31.4%), resulting in net assets of $29.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2015 | $26.4M | $24.0M | $43.3M | $13.6M | — | View 990 |
| 2014 | $26.4M | $23.2M | $43.3M | $14.5M | — | View 990 |
| 2013 | $26.5M | $24.2M | $40.8M | $14.7M | — | View 990 |
| 2012 | $25.0M | $24.2M | $37.1M | $14.0M | — | View 990 |
| 2011 | $26.5M | $24.0M | $34.7M | $13.5M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $26.4M, expenses of $24.0M, and assets of $43.3M (revenue +0.3% year-over-year).
- 2014: Revenue of $26.4M, expenses of $23.2M, and assets of $43.3M (revenue -0.5% year-over-year).
- 2013: Revenue of $26.5M, expenses of $24.2M, and assets of $40.8M (revenue +5.8% year-over-year).
- 2012: Revenue of $25.0M, expenses of $24.2M, and assets of $37.1M (revenue -5.5% year-over-year).
- 2011: Revenue of $26.5M, expenses of $24.0M, and assets of $34.7M.
Data Sources and Methodology
This transparency report for Palisades General Care 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.