The Pendel Assisted Housing Management Association Inc
Pendel Assisted Housing Management Association Inc consistently operates at a deficit, drawing down assets over recent years.
EIN: 20690159 · Cherry Hill, NJ · NTEE: Y03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $204K |
| Total Expenses | $223K |
| Program Spending | 80% |
| Net Assets | $76K |
| Transparency Score | 65/100 |
Is The Pendel Assisted Housing Management Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Pendel Assisted Housing Management Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Pendel Assisted Housing Management Association Inc
The Pendel Assisted Housing Management Association Inc (EIN: 20690159) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code Y03. The organization reported total revenue of $204K and total assets of $92K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Pendel Assisted Housing Management Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Pendel Assisted Housing Management Association Inc is a small nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $178K |
| Total Expenses | $223K |
| Surplus / Deficit | $-45,241 |
| Total Assets | $105K |
| Total Liabilities | $29K |
| Net Assets | $76K |
| Operating Margin | -25.4% |
| Debt-to-Asset Ratio | 27.8% |
| Months of Reserves | 5.6 months |
Financial Health Grade: B
In 2023, The Pendel Assisted Housing Management Association Inc reported a deficit of $45K with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 27.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), The Pendel Assisted Housing Management Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +20.4% | -28.8% |
| 2022 | +10.3% | +24.5% | -19.7% |
| 2021 | +31.9% | +17.6% | -11.3% |
| 2020 | -26.0% | -20.8% | -12.0% |
| 2019 | +6.0% | +38.9% | -10.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Pendel Assisted Housing Management Association 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, The Pendel Assisted Housing Management Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $45K, with expenses exceeding revenue.
- Debt-to-asset ratio: 27.8%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, which is highly unusual for an organization of any size and suggests either a fully volunteer-run leadership or that compensation is reported under other expense categories. Given the organization's revenue, this indicates a strong commitment to directing funds towards its mission rather than executive 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 The Pendel Assisted Housing Management Association Inc's IRS 990 filings:
- Consistent operating deficits: Expenses have exceeded revenue in most recent years, leading to a draw on assets.
- Significant decline in assets: Assets have decreased from $293,466 in 2016 to $104,643 in 2023, indicating a depletion of reserves.
Strengths
The following positive indicators were identified for The Pendel Assisted Housing Management Association Inc:
- Consistent 0% officer compensation: No compensation reported for officers across all filings, suggesting volunteer leadership or highly efficient use of funds.
- Good filing history: 14 filings indicate a commitment to regulatory compliance and transparency.
- Clear mission focus (NTEE Y03): The NTEE code suggests a direct service mission in housing and shelter.
Frequently Asked Questions about The Pendel Assisted Housing Management Association Inc
Is The Pendel Assisted Housing Management Association Inc a legitimate charity?
The Pendel Assisted Housing Management Association Inc (EIN: 20690159) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $204K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Pendel Assisted Housing Management Association Inc spend its money?
The Pendel Assisted Housing Management Association Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to The Pendel Assisted Housing Management Association Inc tax-deductible?
The Pendel Assisted Housing Management Association Inc is registered as a tax-exempt nonprofit (EIN: 20690159). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Pendel Assisted Housing Management Association Inc's spending goes to programs?
The Pendel Assisted Housing Management Association Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Pendel Assisted Housing Management Association Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Pendel Assisted Housing Management Association Inc is above average for NTEE category Y03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Pendel Assisted Housing Management Association Inc located?
The Pendel Assisted Housing Management Association Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 20690159. It is classified under NTEE code Y03.
How many years of IRS 990 filings does The Pendel Assisted Housing Management Association Inc have?
The Pendel Assisted Housing Management Association Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $204K in total revenue.
Is The Pendel Assisted Housing Management Association Inc financially sustainable?
The organization has consistently spent more than it earned in recent years, leading to a significant decline in assets from $293,466 in 2016 to $104,643 in 2023. This trend raises concerns about long-term financial sustainability if not addressed.
What caused the significant decline in assets?
The decline in assets is primarily due to the organization's consistent operating deficits. For instance, in 2023, expenses ($223,485) exceeded revenue ($178,244), contributing to the reduction in reserves.
How does the organization fund its operations given the deficits?
The organization appears to be funding its deficits by drawing down its accumulated assets. This is evident from the decreasing asset values over the past several years, indicating a reliance on reserves to cover operational shortfalls.
Filing History
IRS 990 filing history for The Pendel Assisted Housing Management Association Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), The Pendel Assisted Housing Management Association Inc's revenue has declined by 44.3%, moving from $320K to $178K. Total assets decreased by 54.3% over the same period, from $229K to $105K. Total functional expenses fell by 16.2%, from $267K to $223K. In its most recent filing year (2023), The Pendel Assisted Housing Management Association Inc reported a deficit of $45K, with expenses exceeding revenue. The organization holds $29K in liabilities against $105K in assets (debt-to-asset ratio: 27.8%), resulting in net assets of $76K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $178K | $223K | $105K | $29K | — | — |
| 2022 | $142K | $186K | $147K | $26K | — | View 990 |
| 2021 | $129K | $149K | $183K | $19K | — | View 990 |
| 2020 | $98K | $127K | $206K | $21K | — | View 990 |
| 2019 | $132K | $160K | $234K | $0 | — | View 990 |
| 2019 | $124K | $115K | $263K | $0 | — | View 990 |
| 2018 | $107K | $158K | $249K | $0 | — | View 990 |
| 2017 | $154K | $169K | $281K | $0 | — | View 990 |
| 2016 | $310K | $299K | $293K | $0 | — | View 990 |
| 2015 | $315K | $286K | $282K | $0 | — | View 990 |
| 2014 | $311K | $311K | $253K | $0 | — | View 990 |
| 2013 | $255K | $256K | $253K | $0 | — | View 990 |
| 2012 | $287K | $261K | $254K | $0 | — | View 990 |
| 2011 | $320K | $267K | $229K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $178K, expenses of $223K, and assets of $105K (revenue +25.6% year-over-year).
- 2022: Revenue of $142K, expenses of $186K, and assets of $147K (revenue +10.3% year-over-year).
- 2021: Revenue of $129K, expenses of $149K, and assets of $183K (revenue +31.9% year-over-year).
- 2020: Revenue of $98K, expenses of $127K, and assets of $206K (revenue -26.0% year-over-year).
- 2019: Revenue of $132K, expenses of $160K, and assets of $234K (revenue +6.0% year-over-year).
- 2019: Revenue of $124K, expenses of $115K, and assets of $263K (revenue +15.9% year-over-year).
- 2018: Revenue of $107K, expenses of $158K, and assets of $249K (revenue -30.2% year-over-year).
- 2017: Revenue of $154K, expenses of $169K, and assets of $281K (revenue -50.5% year-over-year).
- 2016: Revenue of $310K, expenses of $299K, and assets of $293K (revenue -1.6% year-over-year).
- 2015: Revenue of $315K, expenses of $286K, and assets of $282K (revenue +1.5% year-over-year).
- 2014: Revenue of $311K, expenses of $311K, and assets of $253K (revenue +21.9% year-over-year).
- 2013: Revenue of $255K, expenses of $256K, and assets of $253K (revenue -11.1% year-over-year).
- 2012: Revenue of $287K, expenses of $261K, and assets of $254K (revenue -10.5% year-over-year).
- 2011: Revenue of $320K, expenses of $267K, and assets of $229K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Pendel Assisted Housing Management Association Inc:
Data Sources and Methodology
This transparency report for The Pendel Assisted Housing Management Association 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.