Sea Side Home Inc
Sea Side Home Inc: Consistent Revenue, High Administrative Costs
EIN: 221826368 · Cape May, NJ · Updated: 2026-04-04
About Sea Side Home Inc
Sea Side Home Inc (EIN: 221826368) is a nonprofit organization based in Cape May, NJ. The organization reported total revenue of $241K and total assets of $716K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sea Side Home 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 Sea Side Home Inc with a Mission Score of 65 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Sea Side Home Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent expenses.
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 Sea Side Home Inc's IRS 990 filings:
- Zero reported program service expenses, suggesting no direct charitable activities or miscategorization of expenses.
- Total expenses consistently exceed total revenue, leading to a decrease in net assets over time (e.g., 2023 expenses $168,090 vs. revenue $130,709).
- The organization reports 0% compensation for all officers, directors, trustees, and key employees, which warrants further investigation given the operational expenses.
Strengths
The following positive indicators were identified for Sea Side Home Inc:
- Consistent revenue stream over multiple years, indicating a stable donor base or funding source.
- Maintains a significant asset base (e.g., $709,404 in 2023) despite operational deficits.
Frequently Asked Questions about Sea Side Home Inc
What does Sea Side Home Inc do?
Sea Side Home Inc is a nonprofit organization in the Unknown sector, located in Cape May, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Sea Side Home Inc have?
Sea Side Home Inc reported total revenue of $241,363. Based on 13 IRS 990 filings on record.
What are Sea Side Home Inc's total assets?
Sea Side Home Inc holds total assets of $716,406 as reported in IRS 990 filings.
Where is Sea Side Home Inc located?
Sea Side Home Inc is based in Cape May, New Jersey.
What is Sea Side Home Inc's EIN?
Sea Side Home Inc's Employer Identification Number (EIN) is 221826368. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sea Side Home Inc?
Sea Side Home Inc is classified under NTEE code Unknown (Unknown).
Is Sea Side Home Inc a registered 501(c)(3)?
Sea Side Home Inc appears in IRS records (EIN: 221826368). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sea Side Home Inc file IRS Form 990?
Yes, Sea Side Home Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sea Side Home Inc's revenue in 2023?
In the 202312 filing period, Sea Side Home Inc reported total revenue of $130,709, total expenses of $168,090, and net assets of $709,404.
Is Sea Side Home Inc's revenue growing or declining?
Sea Side Home Inc's revenue is declining. Revenue went from $142,255 (202212) to $130,709 (202312), a -8.1% change. Based on 13 filings on record.
What is Sea Side Home Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Sea Side Home Inc covers tax period 202312. It shows revenue of $130,709, expenses of $168,090, total assets of $709,404, and liabilities of N/A.
Is Sea Side Home Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Sea Side Home Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Sea Side Home Inc?
The following concerns were identified: Zero reported program service expenses, suggesting no direct charitable activities or miscategorization of expenses.. Total expenses consistently exceed total revenue, leading to a decrease in net assets over time (e.g., 2023 expenses $168,090 vs. revenue $130,709).. The organization reports 0% compensation for all officers, directors, trustees, and key employees, which warrants further investigation given the operational expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sea Side Home Inc's strengths?
Positive indicators for Sea Side Home Inc include: Consistent revenue stream over multiple years, indicating a stable donor base or funding source.. Maintains a significant asset base (e.g., $709,404 in 2023) despite operational deficits.. These findings are derived from AI analysis of the organization's financial filings.
How does Sea Side Home Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with consistent expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 program service expenses, what are the actual activities and impact of Sea Side Home Inc?
Without program service expenses, it's unclear how the organization fulfills its mission. Further investigation into their activities beyond financial filings is needed to understand their charitable impact.
How does Sea Side Home Inc sustain operations with expenses consistently exceeding revenue and no reported executive compensation?
The organization appears to be drawing down its assets to cover operational deficits. The lack of executive compensation suggests either volunteer leadership or expenses are being covered by other means not explicitly detailed in the filings.
Filing History
IRS 990 filing history for Sea Side Home Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sea Side Home Inc's revenue has declined by 22.2%, moving from $168K to $131K. Total assets decreased by 14.4% over the same period, from $828K to $709K. Total functional expenses rose by 7.3%, from $157K to $168K. In its most recent filing year (2023), Sea Side Home Inc reported a deficit of $37K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $168K | $709K | $0 | — | — |
| 2022 | $142K | $165K | $682K | $0 | — | View 990 |
| 2021 | $63K | $56K | $819K | $0 | — | View 990 |
| 2020 | $115K | $62K | $783K | $0 | — | — |
| 2019 | $122K | $147K | $670K | $0 | — | View 990 |
| 2018 | $132K | $146K | $631K | $0 | — | View 990 |
| 2017 | $125K | $152K | $717K | $25 | — | View 990 |
| 2016 | $120K | $174K | $711K | $0 | — | View 990 |
| 2015 | $126K | $156K | $730K | $36 | — | View 990 |
| 2014 | $143K | $164K | $821K | $274 | — | View 990 |
| 2013 | $139K | $158K | $885K | $73 | — | View 990 |
| 2012 | $147K | $149K | $857K | $56 | — | View 990 |
| 2011 | $168K | $157K | $828K | $263 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $168K, and assets of $709K (revenue -8.1% year-over-year).
- 2022: Revenue of $142K, expenses of $165K, and assets of $682K (revenue +126.2% year-over-year).
- 2021: Revenue of $63K, expenses of $56K, and assets of $819K (revenue -45.3% year-over-year).
- 2020: Revenue of $115K, expenses of $62K, and assets of $783K (revenue -5.8% year-over-year).
- 2019: Revenue of $122K, expenses of $147K, and assets of $670K (revenue -7.5% year-over-year).
- 2018: Revenue of $132K, expenses of $146K, and assets of $631K (revenue +5.9% year-over-year).
- 2017: Revenue of $125K, expenses of $152K, and assets of $717K (revenue +3.5% year-over-year).
- 2016: Revenue of $120K, expenses of $174K, and assets of $711K (revenue -4.5% year-over-year).
- 2015: Revenue of $126K, expenses of $156K, and assets of $730K (revenue -11.9% year-over-year).
- 2014: Revenue of $143K, expenses of $164K, and assets of $821K (revenue +2.6% year-over-year).
- 2013: Revenue of $139K, expenses of $158K, and assets of $885K (revenue -5.4% year-over-year).
- 2012: Revenue of $147K, expenses of $149K, and assets of $857K (revenue -12.2% year-over-year).
- 2011: Revenue of $168K, expenses of $157K, and assets of $828K.
Data Sources and Methodology
This transparency report for Sea Side Home 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.