Silver Ridge Park West
Silver Ridge Park West: Strong Financial Health, Limited Program Spending
EIN: 222101346 · Toms River, NJ · Updated: 2026-04-04
Is Silver Ridge Park West Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Silver Ridge Park West directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Silver Ridge Park West
Silver Ridge Park West (EIN: 222101346) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $428K and total assets of $824K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Silver Ridge Park West'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 Silver Ridge Park West with a Mission Score of 60 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, Silver Ridge Park West allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are 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 Silver Ridge Park West's IRS 990 filings:
- The percentage of expenses allocated to programs (50%) is lower than ideal for a nonprofit, suggesting a significant portion of funds are used for administrative and fundraising activities.
- The provided data lacks specific details on program activities and their impact, making it difficult to assess the effectiveness of the organization's mission.
- The 'c0%' in the financial filings likely indicates no compensation for officers, directors, trustees, or key employees, which could be a red flag if significant work is being done by these individuals without pay or if it implies a lack of professional management.
Strengths
The following positive indicators were identified for Silver Ridge Park West:
- The organization consistently maintains a positive net asset position, indicating financial stability.
- Revenue has shown a general upward trend over the past several years, demonstrating growth in financial support.
- Total assets consistently exceed liabilities, suggesting a healthy balance sheet.
Frequently Asked Questions about Silver Ridge Park West
Is Silver Ridge Park West a legitimate charity?
Based on AI analysis of IRS 990 filings, Silver Ridge Park West (EIN: 222101346) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Silver Ridge Park West spend its money?
Silver Ridge Park West directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Silver Ridge Park West tax-deductible?
Silver Ridge Park West is registered as a tax-exempt nonprofit (EIN: 222101346). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Silver Ridge Park West do?
Silver Ridge Park West is a nonprofit organization in the Unknown sector, located in Toms River, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Silver Ridge Park West have?
Silver Ridge Park West reported total revenue of $428,286. Based on 13 IRS 990 filings on record.
What are Silver Ridge Park West's total assets?
Silver Ridge Park West holds total assets of $823,787 as reported in IRS 990 filings.
Where is Silver Ridge Park West located?
Silver Ridge Park West is based in Toms River, New Jersey.
What is Silver Ridge Park West's EIN?
Silver Ridge Park West's Employer Identification Number (EIN) is 222101346. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Silver Ridge Park West?
Silver Ridge Park West is classified under NTEE code Unknown (Unknown).
Is Silver Ridge Park West a registered 501(c)(3)?
Silver Ridge Park West appears in IRS records (EIN: 222101346). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Silver Ridge Park West file IRS Form 990?
Yes, Silver Ridge Park West has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Silver Ridge Park West's revenue in 2023?
In the 202312 filing period, Silver Ridge Park West reported total revenue of $376,545, total expenses of $384,035, and net assets of $708,628.
Is Silver Ridge Park West's revenue growing or declining?
Silver Ridge Park West's revenue is growing. Revenue went from $348,028 (202212) to $376,545 (202312), a +8.2% change. Based on 13 filings on record.
What is Silver Ridge Park West's most recent 990 filing?
The most recent IRS Form 990 filing for Silver Ridge Park West covers tax period 202312. It shows revenue of $376,545, expenses of $384,035, total assets of $708,628, and liabilities of $51,428.
How much does Silver Ridge Park West spend on programs vs administration?
Based on IRS 990 analysis, Silver Ridge Park West allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Silver Ridge Park West a trustworthy charity?
Based on AI analysis of IRS 990 data, Silver Ridge Park West shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Silver Ridge Park West?
The following concerns were identified: The percentage of expenses allocated to programs (50%) is lower than ideal for a nonprofit, suggesting a significant portion of funds are used for administrative and fundraising activities.. The provided data lacks specific details on program activities and their impact, making it difficult to assess the effectiveness of the organization's mission.. The 'c0%' in the financial filings likely indicates no compensation for officers, directors, trustees, or key employees, which could be a red flag if significant work is being done by these individuals without pay or if it implies a lack of professional management.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Silver Ridge Park West's strengths?
Positive indicators for Silver Ridge Park West include: The organization consistently maintains a positive net asset position, indicating financial stability.. Revenue has shown a general upward trend over the past several years, demonstrating growth in financial support.. Total assets consistently exceed liabilities, suggesting a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does Silver Ridge Park West compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' compensation across all years, how does Silver Ridge Park West manage its operations and leadership without paid staff or executives?
The 'c0%' for compensation suggests that the organization may be entirely volunteer-run, or that any compensation is below the reporting threshold for the 990-EZ, or paid through other means not reflected in this specific line item. This structure could lead to sustainability challenges or reliance on dedicated volunteers.
What specific programs or services does Silver Ridge Park West provide to its community, and how are these programs funded and evaluated?
The provided data, primarily financial summaries, does not detail specific programs or services. To understand the organization's impact, further information on its activities, beneficiaries, and program outcomes would be necessary, as the 'programs' expense line item is a general category.
Filing History
IRS 990 filing history for Silver Ridge Park West showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Silver Ridge Park West's revenue has grown by 21.7%, moving from $310K to $377K. Total assets increased by 99.4% over the same period, from $355K to $709K. Total functional expenses rose by 88.1%, from $204K to $384K. In its most recent filing year (2023), Silver Ridge Park West reported a deficit of $7K, with expenses exceeding revenue. The organization holds $51K in liabilities against $709K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $657K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $377K | $384K | $709K | $51K | — | — |
| 2022 | $348K | $302K | $736K | $71K | — | View 990 |
| 2021 | $357K | $224K | $649K | $30K | — | View 990 |
| 2020 | $282K | $331K | $531K | $45K | — | View 990 |
| 2019 | $268K | $305K | $567K | $32K | — | View 990 |
| 2018 | $242K | $277K | $605K | $33K | — | View 990 |
| 2017 | $250K | $242K | $638K | $31K | — | View 990 |
| 2016 | $240K | $206K | $607K | $9K | — | View 990 |
| 2015 | $240K | $228K | $597K | $33K | — | View 990 |
| 2014 | $266K | $239K | $582K | $29K | — | View 990 |
| 2013 | $331K | $225K | $558K | $32K | — | View 990 |
| 2012 | $374K | $281K | $467K | $46K | — | View 990 |
| 2011 | $310K | $204K | $355K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $377K, expenses of $384K, and assets of $709K (revenue +8.2% year-over-year).
- 2022: Revenue of $348K, expenses of $302K, and assets of $736K (revenue -2.4% year-over-year).
- 2021: Revenue of $357K, expenses of $224K, and assets of $649K (revenue +26.5% year-over-year).
- 2020: Revenue of $282K, expenses of $331K, and assets of $531K (revenue +5.1% year-over-year).
- 2019: Revenue of $268K, expenses of $305K, and assets of $567K (revenue +10.7% year-over-year).
- 2018: Revenue of $242K, expenses of $277K, and assets of $605K (revenue -3.2% year-over-year).
- 2017: Revenue of $250K, expenses of $242K, and assets of $638K (revenue +4.4% year-over-year).
- 2016: Revenue of $240K, expenses of $206K, and assets of $607K (revenue +0.1% year-over-year).
- 2015: Revenue of $240K, expenses of $228K, and assets of $597K (revenue -9.7% year-over-year).
- 2014: Revenue of $266K, expenses of $239K, and assets of $582K (revenue -19.7% year-over-year).
- 2013: Revenue of $331K, expenses of $225K, and assets of $558K (revenue -11.7% year-over-year).
- 2012: Revenue of $374K, expenses of $281K, and assets of $467K (revenue +20.9% year-over-year).
- 2011: Revenue of $310K, expenses of $204K, and assets of $355K.
Data Sources and Methodology
This transparency report for Silver Ridge Park West 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.