Redeemer Lutheran Housing Inc

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Redeemer Lutheran Housing Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Redeemer Lutheran Housing Inc 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 Redeemer Lutheran Housing Inc in one place.

Is Redeemer Lutheran Housing Inc 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, Redeemer Lutheran Housing Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Redeemer Lutheran Housing Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Redeemer Lutheran Housing Inc

Redeemer Lutheran Housing Inc (EIN: 222209107) is a nonprofit organization based in Vineland, NJ, classified under NTEE code T11. The organization reported total revenue of $1.1M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Redeemer Lutheran Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Redeemer Lutheran Housing Inc is a mid-size 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 -26.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Redeemer Lutheran Housing Inc reported a deficit of $55K with expenses exceeding revenue, holds 298.8 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2011–2023), Redeemer Lutheran Housing Inc's revenue has declined at a compound annual growth rate (CAGR) of -26.1%.

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 Redeemer Lutheran Housing Inc 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, Redeemer Lutheran Housing Inc 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 $55K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation cannot be assessed as no specific figures for salaries or compensation were provided in the available 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 Redeemer Lutheran Housing Inc's IRS 990 filings:

• Revenue has been highly inconsistent, ranging from $3,039 in 2022 to $1,056,775 in 2023, making financial forecasting challenging.
• The significant jump in revenue from $3,039 in 2022 to over $1 million in 2023 warrants further investigation into its source and sustainability.

Strengths

The following positive indicators were identified for Redeemer Lutheran Housing Inc:

• The organization maintains substantial assets, with $2,321,654 reported in 2023, indicating financial stability.
• Consistently low liabilities (l0) and no reported credit card debt (c0%) across all years suggest sound financial management.

Frequently Asked Questions about Redeemer Lutheran Housing Inc

Filing History

IRS 990 filing history for Redeemer Lutheran Housing Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Redeemer Lutheran Housing Inc's revenue has declined by 97.4%, moving from $1.2M to $32K. Total assets increased by 9.9% over the same period, from $2.0M to $2.2M. Total functional expenses fell by 92.1%, from $1.1M to $87K. In its most recent filing year (2023), Redeemer Lutheran Housing Inc reported a deficit of $55K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2023: Revenue of $32K, expenses of $87K, and assets of $2.2M (revenue +958.4% year-over-year).
• 2022: Revenue of $3K, expenses of $126K, and assets of $1.9M (revenue -97.9% year-over-year).
• 2021: Revenue of $145K, expenses of $134K, and assets of $2.5M (revenue +84.7% year-over-year).
• 2020: Revenue of $78K, expenses of $105K, and assets of $2.4M (revenue -52.2% year-over-year).
• 2019: Revenue of $164K, expenses of $72K, and assets of $2.2M (revenue +38.3% year-over-year).
• 2018: Revenue of $118K, expenses of $74K, and assets of $1.9M (revenue +5.9% year-over-year).
• 2017: Revenue of $112K, expenses of $157K, and assets of $2.1M (revenue +1108.5% year-over-year).
• 2016: Revenue of $9K, expenses of $96K, and assets of $2.0M (revenue -88.1% year-over-year).
• 2015: Revenue of $78K, expenses of $69K, and assets of $1.9M (revenue -97.5% year-over-year).
• 2014: Revenue of $3.1M, expenses of $1.4M, and assets of $2.1M (revenue +157.0% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.1M, and assets of $3.6M (revenue +0.3% year-over-year).
• 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $3.5M (revenue -0.2% year-over-year).
• 2011: Revenue of $1.2M, expenses of $1.1M, and assets of $2.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Redeemer Lutheran Housing Inc:

Data Sources and Methodology

This transparency report for Redeemer Lutheran Housing 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.