Preferred Behavioral Health Of New Jersey Inc
Preferred Behavioral Health of NJ: Strong Program Spending, but Transparency Lacking
EIN: 222196988 · Lakewood, NJ · NTEE: F300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $33.9M |
| Total Expenses | $30.6M |
| Program Spending | 97% |
| CEO/Top Officer Pay | $305,635 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Preferred Behavioral Health Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preferred Behavioral Health Of New Jersey Inc directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Preferred Behavioral Health Of New Jersey Inc
Preferred Behavioral Health Of New Jersey Inc (EIN: 222196988) is a nonprofit organization based in Lakewood, NJ, classified under NTEE code F300. The organization reported total revenue of $33.9M and total assets of $22.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preferred Behavioral Health Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preferred Behavioral Health Of New Jersey Inc is a large 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 6.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.6M |
| Total Expenses | $30.6M |
| Surplus / Deficit | $-942,366 |
| Total Assets | $21.7M |
| Total Liabilities | $16.0M |
| Net Assets | $5.6M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 74.0% |
| Months of Reserves | 8.5 months |
Financial Health Grade: C
In 2023, Preferred Behavioral Health Of New Jersey Inc reported a deficit of $942K with expenses exceeding revenue, holds 8.5 months of operating reserves (strong position), has a debt-to-asset ratio of 74.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Preferred Behavioral Health Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.1% | +2.8% | +20.4% |
| 2022 | +11.7% | +7.3% | +11.7% |
| 2021 | +7.0% | -1.4% | +41.1% |
| 2020 | +0.9% | +5.6% | +7.0% |
| 2019 | +3.3% | +4.7% | +6.1% |
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 Preferred Behavioral Health Of New Jersey 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: 1%
- programs: 97%
- fundraising: 2%
According to IRS 990 filings, Preferred Behavioral Health Of New Jersey Inc allocates its expenses as follows: admin: 1%, programs: 97%, fundraising: 2%. With 97% 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 $942K, with expenses exceeding revenue.
- Debt-to-asset ratio: 74.0%.
Executive Compensation Analysis
Executive compensation for the CEO, Mary Pat Angelini, was $305,635 in 2023, which appears reasonable given the organization's revenue of $29,621,174 and the complexity of managing a large behavioral health provider.
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 Preferred Behavioral Health Of New Jersey Inc's IRS 990 filings:
- Lack of detailed program outcome reporting makes it difficult to assess the direct impact of their services.
- The organization's transparency regarding specific governance practices, such as board meeting minutes or detailed conflict of interest disclosures, is limited in public filings.
Strengths
The following positive indicators were identified for Preferred Behavioral Health Of New Jersey Inc:
- Consistently high percentage of expenses dedicated to program services (97% in 2023).
- Healthy financial position with total assets of $21,678,606 exceeding liabilities of $16,047,551 in 2023.
- Significant growth in revenue from $15,574,830 in 2016 to $29,621,174 in 2023, indicating expanding services and reach.
- Low fundraising expenses (2% in 2023) suggest efficient resource allocation.
Frequently Asked Questions about Preferred Behavioral Health Of New Jersey Inc
Is Preferred Behavioral Health Of New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Preferred Behavioral Health Of New Jersey Inc (EIN: 222196988) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Preferred Behavioral Health Of New Jersey Inc spend its money?
Preferred Behavioral Health Of New Jersey Inc directs 97% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preferred Behavioral Health Of New Jersey Inc tax-deductible?
Preferred Behavioral Health Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222196988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Preferred Behavioral Health Of New Jersey Inc CEO make?
Preferred Behavioral Health Of New Jersey Inc's highest-compensated officer earns $305,635 annually. The organization reported $33.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Preferred Behavioral Health Of New Jersey Inc's spending goes to programs?
Preferred Behavioral Health Of New Jersey Inc directs 97% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Preferred Behavioral Health Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Preferred Behavioral Health Of New Jersey Inc is above average for NTEE category F300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Preferred Behavioral Health Of New Jersey Inc located?
Preferred Behavioral Health Of New Jersey Inc is headquartered in Lakewood, New Jersey and files with the IRS under EIN 222196988. It is classified under NTEE code F300.
How many years of IRS 990 filings does Preferred Behavioral Health Of New Jersey Inc have?
Preferred Behavioral Health Of New Jersey 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 $33.9M in total revenue.
What does Preferred Behavioral Health Of New Jersey Inc do?
Preferred Behavioral Health Of New Jersey Inc is a nonprofit organization in the Mental Health & Crisis Intervention sector, located in Lakewood, New Jersey. It is classified under NTEE code F300.
How much revenue does Preferred Behavioral Health Of New Jersey Inc have?
Preferred Behavioral Health Of New Jersey Inc reported total revenue of $33,880,238. Based on 13 IRS 990 filings on record.
What are Preferred Behavioral Health Of New Jersey Inc's total assets?
Preferred Behavioral Health Of New Jersey Inc holds total assets of $22,695,860 as reported in IRS 990 filings.
Where is Preferred Behavioral Health Of New Jersey Inc located?
Preferred Behavioral Health Of New Jersey Inc is based in Lakewood, New Jersey.
What is Preferred Behavioral Health Of New Jersey Inc's EIN?
Preferred Behavioral Health Of New Jersey Inc's Employer Identification Number (EIN) is 222196988. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Preferred Behavioral Health Of New Jersey Inc?
Preferred Behavioral Health Of New Jersey Inc is classified under NTEE code F300 (Mental Health & Crisis Intervention).
Is Preferred Behavioral Health Of New Jersey Inc a registered 501(c)(3)?
Yes, Preferred Behavioral Health Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222196988.
Does Preferred Behavioral Health Of New Jersey Inc file IRS Form 990?
Yes, Preferred Behavioral Health Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Preferred Behavioral Health Of New Jersey Inc's revenue in 2023?
In the 202306 filing period, Preferred Behavioral Health Of New Jersey Inc reported total revenue of $29,621,174, total expenses of $30,563,540, and net assets of $21,678,606.
Is Preferred Behavioral Health Of New Jersey Inc's revenue growing or declining?
Preferred Behavioral Health Of New Jersey Inc's revenue is declining. Revenue went from $31,900,015 (202206) to $29,621,174 (202306), a -7.1% change. Based on 13 filings on record.
What is Preferred Behavioral Health Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Preferred Behavioral Health Of New Jersey Inc covers tax period 202306. It shows revenue of $29,621,174, expenses of $30,563,540, total assets of $21,678,606, and liabilities of $16,047,551.
How much does Preferred Behavioral Health Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Preferred Behavioral Health Of New Jersey Inc allocates approximately 97% of expenses to program services, 1% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Preferred Behavioral Health Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Preferred Behavioral Health Of New Jersey Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Preferred Behavioral Health Of New Jersey Inc?
The following concerns were identified: Lack of detailed program outcome reporting makes it difficult to assess the direct impact of their services.. The organization's transparency regarding specific governance practices, such as board meeting minutes or detailed conflict of interest disclosures, is limited in public filings.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Preferred Behavioral Health Of New Jersey Inc's strengths?
Positive indicators for Preferred Behavioral Health Of New Jersey Inc include: Consistently high percentage of expenses dedicated to program services (97% in 2023).. Healthy financial position with total assets of $21,678,606 exceeding liabilities of $16,047,551 in 2023.. Significant growth in revenue from $15,574,830 in 2016 to $29,621,174 in 2023, indicating expanding services and reach.. Low fundraising expenses (2% in 2023) suggest efficient resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does Preferred Behavioral Health Of New Jersey Inc compensate executives?
Executive compensation for the CEO, Mary Pat Angelini, was $305,635 in 2023, which appears reasonable given the organization's revenue of $29,621,174 and the complexity of managing a large behavioral health provider. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial growth in revenue and assets, what strategies has Preferred Behavioral Health of New Jersey Inc. implemented to scale its services while maintaining a high program spending ratio?
The consistent high program spending ratio, despite significant growth, suggests efficient operational management and a focus on direct service delivery. This could be attributed to effective cost controls, leveraging economies of scale, or a strategic decision to reinvest most revenue directly into program expansion rather than administrative overhead or aggressive fundraising.
Filing History
IRS 990 filing history for Preferred Behavioral Health Of New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preferred Behavioral Health Of New Jersey Inc's revenue has grown by 120.9%, moving from $13.4M to $29.6M. Total assets increased by 825.5% over the same period, from $2.3M to $21.7M. Total functional expenses rose by 127.5%, from $13.4M to $30.6M. In its most recent filing year (2023), Preferred Behavioral Health Of New Jersey Inc reported a deficit of $942K, with expenses exceeding revenue. The organization holds $16.0M in liabilities against $21.7M in assets (debt-to-asset ratio: 74.0%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.6M | $30.6M | $21.7M | $16.0M | — | — |
| 2022 | $31.9M | $29.7M | $18.0M | $11.4M | — | View 990 |
| 2021 | $28.6M | $27.7M | $16.1M | $11.7M | — | View 990 |
| 2020 | $26.7M | $28.1M | $11.4M | $7.9M | — | View 990 |
| 2019 | $26.5M | $26.6M | $10.7M | $5.7M | — | View 990 |
| 2018 | $25.6M | $25.4M | $10.1M | $4.7M | — | View 990 |
| 2017 | $20.9M | $20.0M | $9.3M | $4.5M | — | View 990 |
| 2016 | $15.6M | $15.2M | $3.7M | $2.1M | — | View 990 |
| 2015 | $16.8M | $16.3M | $3.7M | $2.4M | — | View 990 |
| 2014 | $14.8M | $14.5M | $3.0M | $2.3M | — | View 990 |
| 2013 | $14.2M | $13.9M | $2.8M | $2.4M | — | View 990 |
| 2012 | $13.5M | $13.4M | $2.0M | $1.9M | — | View 990 |
| 2011 | $13.4M | $13.4M | $2.3M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.6M, expenses of $30.6M, and assets of $21.7M (revenue -7.1% year-over-year).
- 2022: Revenue of $31.9M, expenses of $29.7M, and assets of $18.0M (revenue +11.7% year-over-year).
- 2021: Revenue of $28.6M, expenses of $27.7M, and assets of $16.1M (revenue +7.0% year-over-year).
- 2020: Revenue of $26.7M, expenses of $28.1M, and assets of $11.4M (revenue +0.9% year-over-year).
- 2019: Revenue of $26.5M, expenses of $26.6M, and assets of $10.7M (revenue +3.3% year-over-year).
- 2018: Revenue of $25.6M, expenses of $25.4M, and assets of $10.1M (revenue +22.7% year-over-year).
- 2017: Revenue of $20.9M, expenses of $20.0M, and assets of $9.3M (revenue +34.0% year-over-year).
- 2016: Revenue of $15.6M, expenses of $15.2M, and assets of $3.7M (revenue -7.4% year-over-year).
- 2015: Revenue of $16.8M, expenses of $16.3M, and assets of $3.7M (revenue +13.6% year-over-year).
- 2014: Revenue of $14.8M, expenses of $14.5M, and assets of $3.0M (revenue +4.6% year-over-year).
- 2013: Revenue of $14.2M, expenses of $13.9M, and assets of $2.8M (revenue +4.8% year-over-year).
- 2012: Revenue of $13.5M, expenses of $13.4M, and assets of $2.0M (revenue +0.7% year-over-year).
- 2011: Revenue of $13.4M, expenses of $13.4M, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preferred Behavioral Health Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Preferred Behavioral Health Of New Jersey 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.