Saint Barnabas Realty Development Corporation
Saint Barnabas Realty Development Corporation: Declining Revenue and Significant Liabilities
EIN: 222940008 · Oceanport, NJ · NTEE: E190 · Updated: 2026-04-04
Is Saint Barnabas Realty Development Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Saint Barnabas Realty Development Corporation
Saint Barnabas Realty Development Corporation (EIN: 222940008) is a nonprofit organization based in Oceanport, NJ, classified under NTEE code E190. The organization reported total revenue of $5.7M and total assets of $61.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saint Barnabas Realty Development Corporation'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 Saint Barnabas Realty Development Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Saint Barnabas Realty Development Corporation allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as the filings indicate 0% program service expenses and do not detail individual salaries.
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 Saint Barnabas Realty Development Corporation's IRS 990 filings:
- Consistent 0% program service expenses suggest the entity does not directly engage in charitable programs, acting more as a support or holding company.
- Total liabilities significantly outweigh total assets across all reported years, indicating a precarious financial position.
- Net assets have been consistently negative, with a net deficit of over $56 million in 2023 ($52,437,238 assets - $108,590,201 liabilities).
- Expenses consistently exceed revenue, leading to a net loss in most reported years (e.g., $6,581,105 expenses vs. $5,182,291 revenue in 2023).
Strengths
The following positive indicators were identified for Saint Barnabas Realty Development Corporation:
- The organization has maintained operations for many years despite significant financial challenges, suggesting underlying support or strategic importance within a larger system.
Frequently Asked Questions about Saint Barnabas Realty Development Corporation
Is Saint Barnabas Realty Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Saint Barnabas Realty Development Corporation (EIN: 222940008) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Saint Barnabas Realty Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Saint Barnabas Realty Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Saint Barnabas Realty Development Corporation tax-deductible?
Saint Barnabas Realty Development Corporation is registered as a tax-exempt nonprofit (EIN: 222940008). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Saint Barnabas Realty Development Corporation do?
Saint Barnabas Realty Development Corporation is a nonprofit organization in the Health Care sector, located in Oceanport, New Jersey. It is classified under NTEE code E190.
How much revenue does Saint Barnabas Realty Development Corporation have?
Saint Barnabas Realty Development Corporation reported total revenue of $5,670,792. Based on 13 IRS 990 filings on record.
What are Saint Barnabas Realty Development Corporation's total assets?
Saint Barnabas Realty Development Corporation holds total assets of $61,568,009 as reported in IRS 990 filings.
Where is Saint Barnabas Realty Development Corporation located?
Saint Barnabas Realty Development Corporation is based in Oceanport, New Jersey.
What is Saint Barnabas Realty Development Corporation's EIN?
Saint Barnabas Realty Development Corporation's Employer Identification Number (EIN) is 222940008. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Saint Barnabas Realty Development Corporation?
Saint Barnabas Realty Development Corporation is classified under NTEE code E190 (Health Care).
Is Saint Barnabas Realty Development Corporation a registered 501(c)(3)?
Yes, Saint Barnabas Realty Development Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222940008.
Does Saint Barnabas Realty Development Corporation file IRS Form 990?
Yes, Saint Barnabas Realty Development Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Saint Barnabas Realty Development Corporation's revenue in 2023?
In the 202312 filing period, Saint Barnabas Realty Development Corporation reported total revenue of $5,182,291, total expenses of $6,581,105, and net assets of $52,437,238.
Is Saint Barnabas Realty Development Corporation's revenue growing or declining?
Saint Barnabas Realty Development Corporation's revenue is relatively stable. Revenue went from $5,259,720 (202212) to $5,182,291 (202312), a -1.5% change. Based on 13 filings on record.
What is Saint Barnabas Realty Development Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Saint Barnabas Realty Development Corporation covers tax period 202312. It shows revenue of $5,182,291, expenses of $6,581,105, total assets of $52,437,238, and liabilities of $108,590,201.
Is Saint Barnabas Realty Development Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Saint Barnabas Realty Development Corporation shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Saint Barnabas Realty Development Corporation?
The following concerns were identified: Consistent 0% program service expenses suggest the entity does not directly engage in charitable programs, acting more as a support or holding company.. Total liabilities significantly outweigh total assets across all reported years, indicating a precarious financial position.. Net assets have been consistently negative, with a net deficit of over $56 million in 2023 ($52,437,238 assets - $108,590,201 liabilities).. Expenses consistently exceed revenue, leading to a net loss in most reported years (e.g., $6,581,105 expenses vs. $5,182,291 revenue in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Saint Barnabas Realty Development Corporation's strengths?
Positive indicators for Saint Barnabas Realty Development Corporation include: The organization has maintained operations for many years despite significant financial challenges, suggesting underlying support or strategic importance within a larger system.. These findings are derived from AI analysis of the organization's financial filings.
How does Saint Barnabas Realty Development Corporation compensate executives?
Executive compensation cannot be assessed from the provided data, as the filings indicate 0% program service expenses and do not detail individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program service expenses, what is the primary function and charitable purpose of Saint Barnabas Realty Development Corporation within the broader Saint Barnabas health system?
The data suggests this entity primarily serves as a real estate holding or development arm for the Saint Barnabas health system, managing assets and liabilities related to properties rather than directly delivering charitable programs. Its 'nonprofit' status likely relates to its role within a larger tax-exempt structure.
How does the consistent negative net asset position and high liabilities impact the overall financial health and risk profile of the larger Saint Barnabas health system?
While this entity's financials are concerning in isolation, its impact on the larger system depends on how these liabilities are guaranteed or supported. If these are intercompany debts or assets backed by the parent organization, the risk might be contained. However, it represents a significant financial burden that could strain the parent if not managed effectively.
Filing History
IRS 990 filing history for Saint Barnabas Realty Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Saint Barnabas Realty Development Corporation's revenue has grown by 39.2%, moving from $3.7M to $5.2M. Total assets decreased by 45.4% over the same period, from $96.1M to $52.4M. Total functional expenses rose by 9.8%, from $6.0M to $6.6M. In its most recent filing year (2023), Saint Barnabas Realty Development Corporation reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $108.6M in liabilities against $52.4M in assets (debt-to-asset ratio: 207.1%), resulting in net assets of $-56,152,963.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.2M | $6.6M | $52.4M | $108.6M | — | — |
| 2022 | $5.3M | $8.9M | $101.1M | $126.1M | — | View 990 |
| 2021 | $4.8M | $9.5M | $105.5M | $128.5M | — | View 990 |
| 2020 | $3.7M | $8.1M | $115.8M | $132.6M | — | View 990 |
| 2019 | $3.8M | $8.4M | $115.8M | $128.1M | — | View 990 |
| 2018 | $3.0M | $6.5M | $120.4M | $128.2M | — | View 990 |
| 2017 | $3.3M | $4.4M | $101.4M | $125.7M | — | View 990 |
| 2016 | $5.1M | $4.8M | $93.3M | $116.4M | — | View 990 |
| 2015 | $3.5M | $5.0M | $109.0M | $122.9M | — | View 990 |
| 2014 | $9.5M | $5.2M | $109.9M | $122.9M | — | View 990 |
| 2013 | $4.7M | $6.4M | $93.4M | $111.1M | — | View 990 |
| 2012 | $2.9M | $4.6M | $93.2M | $109.2M | — | View 990 |
| 2011 | $3.7M | $6.0M | $96.1M | $113.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.2M, expenses of $6.6M, and assets of $52.4M (revenue -1.5% year-over-year).
- 2022: Revenue of $5.3M, expenses of $8.9M, and assets of $101.1M (revenue +8.6% year-over-year).
- 2021: Revenue of $4.8M, expenses of $9.5M, and assets of $105.5M (revenue +32.4% year-over-year).
- 2020: Revenue of $3.7M, expenses of $8.1M, and assets of $115.8M (revenue -2.8% year-over-year).
- 2019: Revenue of $3.8M, expenses of $8.4M, and assets of $115.8M (revenue +24.1% year-over-year).
- 2018: Revenue of $3.0M, expenses of $6.5M, and assets of $120.4M (revenue -8.3% year-over-year).
- 2017: Revenue of $3.3M, expenses of $4.4M, and assets of $101.4M (revenue -35.6% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.8M, and assets of $93.3M (revenue +45.8% year-over-year).
- 2015: Revenue of $3.5M, expenses of $5.0M, and assets of $109.0M (revenue -63.0% year-over-year).
- 2014: Revenue of $9.5M, expenses of $5.2M, and assets of $109.9M (revenue +101.3% year-over-year).
- 2013: Revenue of $4.7M, expenses of $6.4M, and assets of $93.4M (revenue +61.1% year-over-year).
- 2012: Revenue of $2.9M, expenses of $4.6M, and assets of $93.2M (revenue -21.3% year-over-year).
- 2011: Revenue of $3.7M, expenses of $6.0M, and assets of $96.1M.
Data Sources and Methodology
This transparency report for Saint Barnabas Realty Development Corporation 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.