Quality Independent Living Corp
Quality Independent Living Corp: Declining Assets and Revenue, High Liabilities
EIN: 222846727 · Audubon, NJ · Updated: 2026-04-04
About Quality Independent Living Corp
Quality Independent Living Corp (EIN: 222846727) is a nonprofit organization based in Audubon, NJ. The organization reported total revenue of $367K and total assets of $183K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Quality Independent Living 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 Quality Independent Living Corp with a Mission Score of 60 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: 70%
- fundraising: 15%
According to IRS 990 filings, Quality Independent Living Corp allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, suggesting either an all-volunteer leadership or that compensation details are not fully disclosed in the provided data.
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 Quality Independent Living Corp's IRS 990 filings:
- Total liabilities consistently exceed total assets by a significant margin (e.g., $841,017 liabilities vs $207,304 assets in 2023), raising concerns about long-term solvency.
- Expenses frequently surpass revenue, leading to recurring net losses (e.g., $348,033 expenses vs $362,103 revenue in 2023, but $338,670 expenses vs $333,566 revenue in 2022).
- Assets have shown a consistent decline over the years, from $442,270 in 2016 to $207,304 in 2023.
- The organization's net assets (assets minus liabilities) are deeply negative and have been for many years, indicating a substantial deficit.
Strengths
The following positive indicators were identified for Quality Independent Living Corp:
- The organization has maintained consistent revenue generation over several years, indicating a stable base of support or activity.
- Despite financial challenges, the organization has continued to operate for many years, suggesting resilience and commitment to its mission.
Frequently Asked Questions about Quality Independent Living Corp
What does Quality Independent Living Corp do?
Quality Independent Living Corp is a nonprofit organization in the Unknown sector, located in Audubon, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Quality Independent Living Corp have?
Quality Independent Living Corp reported total revenue of $366,793. Based on 13 IRS 990 filings on record.
What are Quality Independent Living Corp's total assets?
Quality Independent Living Corp holds total assets of $182,601 as reported in IRS 990 filings.
Where is Quality Independent Living Corp located?
Quality Independent Living Corp is based in Audubon, New Jersey.
What is Quality Independent Living Corp's EIN?
Quality Independent Living Corp's Employer Identification Number (EIN) is 222846727. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Quality Independent Living Corp?
Quality Independent Living Corp is classified under NTEE code Unknown (Unknown).
Is Quality Independent Living Corp a registered 501(c)(3)?
Quality Independent Living Corp appears in IRS records (EIN: 222846727). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Quality Independent Living Corp file IRS Form 990?
Yes, Quality Independent Living Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Quality Independent Living Corp's revenue in 2023?
In the 202308 filing period, Quality Independent Living Corp reported total revenue of $362,103, total expenses of $348,033, and net assets of $207,304.
Is Quality Independent Living Corp's revenue growing or declining?
Quality Independent Living Corp's revenue is growing. Revenue went from $333,566 (202208) to $362,103 (202308), a +8.6% change. Based on 13 filings on record.
What is Quality Independent Living Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Quality Independent Living Corp covers tax period 202308. It shows revenue of $362,103, expenses of $348,033, total assets of $207,304, and liabilities of $841,017.
How much does Quality Independent Living Corp spend on programs vs administration?
Based on IRS 990 analysis, Quality Independent Living Corp allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Quality Independent Living Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Quality Independent Living Corp shows mixed signals. Mission Score: 60/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Quality Independent Living Corp?
The following concerns were identified: Total liabilities consistently exceed total assets by a significant margin (e.g., $841,017 liabilities vs $207,304 assets in 2023), raising concerns about long-term solvency.. Expenses frequently surpass revenue, leading to recurring net losses (e.g., $348,033 expenses vs $362,103 revenue in 2023, but $338,670 expenses vs $333,566 revenue in 2022).. Assets have shown a consistent decline over the years, from $442,270 in 2016 to $207,304 in 2023.. The organization's net assets (assets minus liabilities) are deeply negative and have been for many years, indicating a substantial deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Quality Independent Living Corp's strengths?
Positive indicators for Quality Independent Living Corp include: The organization has maintained consistent revenue generation over several years, indicating a stable base of support or activity.. Despite financial challenges, the organization has continued to operate for many years, suggesting resilience and commitment to its mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Quality Independent Living Corp compensate executives?
Executive compensation is reported as 0% in all available filings, suggesting either an all-volunteer leadership or that compensation details are not fully disclosed in the provided data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent and significant negative net assets, how does Quality Independent Living Corp sustain its operations without accumulating further debt or facing insolvency?
The consistent reporting of 0% compensation for highest-paid employees, combined with the high liabilities and negative net assets, suggests the organization may be heavily reliant on non-cash contributions, in-kind services, or has a complex financial structure not fully detailed in these summary filings. Further investigation into their funding sources and operational model would be necessary.
Filing History
IRS 990 filing history for Quality Independent Living Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Quality Independent Living Corp's revenue has grown by 18.3%, moving from $306K to $362K. Total assets decreased by 72.2% over the same period, from $747K to $207K. Total functional expenses rose by 0.3%, from $347K to $348K. In its most recent filing year (2023), Quality Independent Living Corp reported a surplus of $14K, with revenue exceeding expenses. The organization holds $841K in liabilities against $207K in assets (debt-to-asset ratio: 405.7%), resulting in net assets of $-633,713.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $362K | $348K | $207K | $841K | — | View 990 |
| 2022 | $334K | $339K | $258K | $906K | — | View 990 |
| 2021 | $327K | $340K | $294K | $937K | — | View 990 |
| 2020 | $330K | $366K | $328K | $957K | — | View 990 |
| 2019 | $329K | $361K | $360K | $953K | — | View 990 |
| 2018 | $333K | $347K | $403K | $964K | — | View 990 |
| 2017 | $325K | $357K | $380K | $974K | — | View 990 |
| 2016 | $316K | $352K | $442K | $1.0M | — | View 990 |
| 2015 | $325K | $346K | $498K | $1.0M | — | View 990 |
| 2014 | $313K | $329K | $541K | $1.1M | — | View 990 |
| 2013 | $311K | $321K | $616K | $1.1M | — | View 990 |
| 2012 | $308K | $360K | $711K | $1.2M | — | View 990 |
| 2011 | $306K | $347K | $747K | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $362K, expenses of $348K, and assets of $207K (revenue +8.6% year-over-year).
- 2022: Revenue of $334K, expenses of $339K, and assets of $258K (revenue +2.1% year-over-year).
- 2021: Revenue of $327K, expenses of $340K, and assets of $294K (revenue -1.0% year-over-year).
- 2020: Revenue of $330K, expenses of $366K, and assets of $328K (revenue +0.4% year-over-year).
- 2019: Revenue of $329K, expenses of $361K, and assets of $360K (revenue -1.3% year-over-year).
- 2018: Revenue of $333K, expenses of $347K, and assets of $403K (revenue +2.5% year-over-year).
- 2017: Revenue of $325K, expenses of $357K, and assets of $380K (revenue +2.9% year-over-year).
- 2016: Revenue of $316K, expenses of $352K, and assets of $442K (revenue -2.7% year-over-year).
- 2015: Revenue of $325K, expenses of $346K, and assets of $498K (revenue +3.8% year-over-year).
- 2014: Revenue of $313K, expenses of $329K, and assets of $541K (revenue +0.5% year-over-year).
- 2013: Revenue of $311K, expenses of $321K, and assets of $616K (revenue +1.1% year-over-year).
- 2012: Revenue of $308K, expenses of $360K, and assets of $711K (revenue +0.7% year-over-year).
- 2011: Revenue of $306K, expenses of $347K, and assets of $747K.
Data Sources and Methodology
This transparency report for Quality Independent Living 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.