Redeemer Lutheran Housing Inc
Redeemer Lutheran Housing Inc: Strong Assets, Inconsistent Revenue
EIN: 222209107 · Vineland, NJ · NTEE: T11 · Updated: 2026-04-04
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.
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.
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
What does Redeemer Lutheran Housing Inc do?
Redeemer Lutheran Housing Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Vineland, New Jersey. It is classified under NTEE code T11.
How much revenue does Redeemer Lutheran Housing Inc have?
Redeemer Lutheran Housing Inc reported total revenue of $1,056,775. Based on 13 IRS 990 filings on record.
What are Redeemer Lutheran Housing Inc's total assets?
Redeemer Lutheran Housing Inc holds total assets of $2,321,654 as reported in IRS 990 filings.
Where is Redeemer Lutheran Housing Inc located?
Redeemer Lutheran Housing Inc is based in Vineland, New Jersey.
What is Redeemer Lutheran Housing Inc's EIN?
Redeemer Lutheran Housing Inc's Employer Identification Number (EIN) is 222209107. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Redeemer Lutheran Housing Inc?
Redeemer Lutheran Housing Inc is classified under NTEE code T11 (Philanthropy, Voluntarism & Grantmaking).
Is Redeemer Lutheran Housing Inc a registered 501(c)(3)?
Yes, Redeemer Lutheran Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 222209107.
Does Redeemer Lutheran Housing Inc file IRS Form 990?
Yes, Redeemer Lutheran Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Redeemer Lutheran Housing Inc's revenue in 2023?
In the 202312 filing period, Redeemer Lutheran Housing Inc reported total revenue of $32,164, total expenses of $86,943, and net assets of $2,165,195.
Is Redeemer Lutheran Housing Inc's revenue growing or declining?
Redeemer Lutheran Housing Inc's revenue is growing. Revenue went from $3,039 (202212) to $32,164 (202312), a +958.4% change. Based on 13 filings on record.
What is Redeemer Lutheran Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Redeemer Lutheran Housing Inc covers tax period 202312. It shows revenue of $32,164, expenses of $86,943, total assets of $2,165,195, and liabilities of N/A.
How much does Redeemer Lutheran Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Redeemer Lutheran Housing Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Redeemer Lutheran Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Redeemer Lutheran Housing Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Redeemer Lutheran Housing Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Redeemer Lutheran Housing Inc's strengths?
Positive indicators for Redeemer Lutheran Housing Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Redeemer Lutheran Housing Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
What caused the dramatic increase in revenue from $3,039 in 2022 to $1,056,775 in 2023?
The provided data does not specify the source of this revenue surge; further investigation into grants, donations, or specific program income would be necessary.
How does Redeemer Lutheran Housing Inc manage to operate with such low reported expenses relative to its assets in some years?
With expenses as low as $71,749 in 2019 against assets over $2 million, it suggests a highly efficient operation or significant in-kind contributions not reflected in the expense figures.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $32K | $87K | $2.2M | $0 | — | — |
| 2022 | $3K | $126K | $1.9M | $0 | — | View 990 |
| 2021 | $145K | $134K | $2.5M | $0 | — | View 990 |
| 2020 | $78K | $105K | $2.4M | $0 | — | — |
| 2019 | $164K | $72K | $2.2M | $0 | — | View 990 |
| 2018 | $118K | $74K | $1.9M | $0 | — | View 990 |
| 2017 | $112K | $157K | $2.1M | $0 | — | View 990 |
| 2016 | $9K | $96K | $2.0M | $0 | — | View 990 |
| 2015 | $78K | $69K | $1.9M | $0 | — | View 990 |
| 2014 | $3.1M | $1.4M | $2.1M | $25K | — | View 990 |
| 2013 | $1.2M | $1.1M | $3.6M | $3.2M | — | View 990 |
| 2012 | $1.2M | $1.1M | $3.5M | $3.2M | — | View 990 |
| 2011 | $1.2M | $1.1M | $2.0M | $1.8M | — | View 990 |
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.
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.