River Plaza Hose Company No 1
River Plaza Hose Company No 1: Consistent Revenue, Stable Assets, but Spending Breakdown Lacks Detail
EIN: 223011058 · Red Bank, NJ · Updated: 2026-04-04
Is River Plaza Hose Company No 1 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About River Plaza Hose Company No 1
River Plaza Hose Company No 1 (EIN: 223011058) is a nonprofit organization based in Red Bank, NJ. The organization reported total revenue of $192K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Plaza Hose Company No 1'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 River Plaza Hose Company No 1 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, River Plaza Hose Company No 1 allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
The organization reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual and warrants further investigation into how leadership is compensated or if services are entirely volunteer-based.
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 River Plaza Hose Company No 1's IRS 990 filings:
- Lack of detailed spending breakdown (programs, admin, fundraising) in provided data makes financial efficiency difficult to assess.
- Reporting $0 compensation for all officers, directors, trustees, and key employees is a significant red flag, suggesting potential underreporting or an unusual operational model.
- The 'nt' (nonprofit type) field is marked as '?', indicating a lack of clear classification or mission statement in the provided data.
Strengths
The following positive indicators were identified for River Plaza Hose Company No 1:
- Consistent revenue generation, with annual revenues ranging from $79,696 to $204,454 over the past seven years.
- Steady growth in total assets, increasing from $1,704,203 in 2016 to $1,869,817 in 2023, indicating financial stability.
- Zero reported lobbying expenses ('l0') and political campaign activities ('c0%') across all years, suggesting a focus on its core mission.
Frequently Asked Questions about River Plaza Hose Company No 1
Is River Plaza Hose Company No 1 a legitimate charity?
Based on AI analysis of IRS 990 filings, River Plaza Hose Company No 1 (EIN: 223011058) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does River Plaza Hose Company No 1 spend its money?
Detailed spending breakdown data is not yet available for River Plaza Hose Company No 1. Check back for updated IRS 990 analysis.
Are donations to River Plaza Hose Company No 1 tax-deductible?
River Plaza Hose Company No 1 is registered as a tax-exempt nonprofit (EIN: 223011058). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does River Plaza Hose Company No 1 do?
River Plaza Hose Company No 1 is a nonprofit organization in the Unknown sector, located in Red Bank, New Jersey. It is classified under NTEE code Unknown.
How much revenue does River Plaza Hose Company No 1 have?
River Plaza Hose Company No 1 reported total revenue of $191,864. Based on 13 IRS 990 filings on record.
What are River Plaza Hose Company No 1's total assets?
River Plaza Hose Company No 1 holds total assets of $1,925,926 as reported in IRS 990 filings.
Where is River Plaza Hose Company No 1 located?
River Plaza Hose Company No 1 is based in Red Bank, New Jersey.
What is River Plaza Hose Company No 1's EIN?
River Plaza Hose Company No 1's Employer Identification Number (EIN) is 223011058. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is River Plaza Hose Company No 1?
River Plaza Hose Company No 1 is classified under NTEE code Unknown (Unknown).
Is River Plaza Hose Company No 1 a registered 501(c)(3)?
River Plaza Hose Company No 1 appears in IRS records (EIN: 223011058). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does River Plaza Hose Company No 1 file IRS Form 990?
Yes, River Plaza Hose Company No 1 has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was River Plaza Hose Company No 1's revenue in 2023?
In the 202312 filing period, River Plaza Hose Company No 1 reported total revenue of $204,454, total expenses of $168,196, and net assets of $1,869,817.
Is River Plaza Hose Company No 1's revenue growing or declining?
River Plaza Hose Company No 1's revenue is relatively stable. Revenue went from $197,603 (202212) to $204,454 (202312), a +3.5% change. Based on 13 filings on record.
What is River Plaza Hose Company No 1's most recent 990 filing?
The most recent IRS Form 990 filing for River Plaza Hose Company No 1 covers tax period 202312. It shows revenue of $204,454, expenses of $168,196, total assets of $1,869,817, and liabilities of N/A.
Is River Plaza Hose Company No 1 a trustworthy charity?
Based on AI analysis of IRS 990 data, River Plaza Hose Company No 1 appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for River Plaza Hose Company No 1?
The following concerns were identified: Lack of detailed spending breakdown (programs, admin, fundraising) in provided data makes financial efficiency difficult to assess.. Reporting $0 compensation for all officers, directors, trustees, and key employees is a significant red flag, suggesting potential underreporting or an unusual operational model.. The 'nt' (nonprofit type) field is marked as '?', indicating a lack of clear classification or mission statement in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are River Plaza Hose Company No 1's strengths?
Positive indicators for River Plaza Hose Company No 1 include: Consistent revenue generation, with annual revenues ranging from $79,696 to $204,454 over the past seven years.. Steady growth in total assets, increasing from $1,704,203 in 2016 to $1,869,817 in 2023, indicating financial stability.. Zero reported lobbying expenses ('l0') and political campaign activities ('c0%') across all years, suggesting a focus on its core mission.. These findings are derived from AI analysis of the organization's financial filings.
How does River Plaza Hose Company No 1 compensate executives?
The organization reports $0 in compensation for officers, directors, trustees, and key employees across all available filings, which is highly unusual and warrants further investigation into how leadership is compensated or if services are entirely volunteer-based. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset growth, how does River Plaza Hose Company No 1 sustain its operations and leadership without reporting any compensation for its key personnel?
The consistent reporting of $0 for officer, director, trustee, and key employee compensation across all available filings (e.g., 'l0' for compensation in the provided data) suggests either an entirely volunteer-run leadership structure, or that compensation is being reported under a different category not explicitly detailed in the provided summary data, or potentially through non-monetary benefits.
What specific services or programs does River Plaza Hose Company No 1 provide to the Red Bank, NJ community, given the absence of a detailed spending breakdown for 'programs'?
Without a detailed breakdown of spending into 'programs,' 'administration,' and 'fundraising,' it's impossible to ascertain the specific programmatic activities or services that the organization delivers to the community. The data only provides total expenses ('x'), not their allocation.
Filing History
IRS 990 filing history for River Plaza Hose Company No 1 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), River Plaza Hose Company No 1's revenue has grown by 103.2%, moving from $101K to $204K. Total assets increased by 30.4% over the same period, from $1.4M to $1.9M. Total functional expenses rose by 297.4%, from $42K to $168K. In its most recent filing year (2023), River Plaza Hose Company No 1 reported a surplus of $36K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $204K | $168K | $1.9M | $0 | — | View 990 |
| 2022 | $198K | $164K | $1.8M | $0 | — | View 990 |
| 2021 | $162K | $134K | $1.8M | $0 | — | — |
| 2020 | $80K | $79K | $1.8M | $0 | — | View 990 |
| 2019 | $157K | $163K | $1.8M | $0 | — | View 990 |
| 2018 | $163K | $140K | $1.8M | $0 | — | View 990 |
| 2017 | $158K | $110K | $1.8M | $0 | — | View 990 |
| 2016 | $153K | $117K | $1.7M | $0 | — | — |
| 2015 | $211K | $80K | $1.7M | $0 | — | View 990 |
| 2014 | $167K | $100K | $1.5M | $0 | — | View 990 |
| 2013 | $71K | $45K | $1.5M | $0 | — | View 990 |
| 2012 | $69K | $52K | $1.5M | $0 | — | View 990 |
| 2011 | $101K | $42K | $1.4M | $83 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $204K, expenses of $168K, and assets of $1.9M (revenue +3.5% year-over-year).
- 2022: Revenue of $198K, expenses of $164K, and assets of $1.8M (revenue +21.8% year-over-year).
- 2021: Revenue of $162K, expenses of $134K, and assets of $1.8M (revenue +103.5% year-over-year).
- 2020: Revenue of $80K, expenses of $79K, and assets of $1.8M (revenue -49.3% year-over-year).
- 2019: Revenue of $157K, expenses of $163K, and assets of $1.8M (revenue -3.8% year-over-year).
- 2018: Revenue of $163K, expenses of $140K, and assets of $1.8M (revenue +3.1% year-over-year).
- 2017: Revenue of $158K, expenses of $110K, and assets of $1.8M (revenue +3.5% year-over-year).
- 2016: Revenue of $153K, expenses of $117K, and assets of $1.7M (revenue -27.3% year-over-year).
- 2015: Revenue of $211K, expenses of $80K, and assets of $1.7M (revenue +25.8% year-over-year).
- 2014: Revenue of $167K, expenses of $100K, and assets of $1.5M (revenue +136.3% year-over-year).
- 2013: Revenue of $71K, expenses of $45K, and assets of $1.5M (revenue +2.9% year-over-year).
- 2012: Revenue of $69K, expenses of $52K, and assets of $1.5M (revenue -31.6% year-over-year).
- 2011: Revenue of $101K, expenses of $42K, and assets of $1.4M.
Data Sources and Methodology
This transparency report for River Plaza Hose Company No 1 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.