United Methodist Homes Of Nj Foundation Inc

About United Methodist Homes Of Nj Foundation Inc

United Methodist Homes Of Nj Foundation Inc (EIN: 222720958) is a nonprofit organization based in Neptune, NJ, classified under NTEE code P75. The organization reported total revenue of $9.9M and total assets of $23.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Methodist Homes Of Nj Foundation 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 United Methodist Homes Of Nj Foundation Inc with a Mission Score of 70 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: 75%
• fundraising: 10%

According to IRS 990 filings, United Methodist Homes Of Nj Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting that key personnel may be compensated through a related entity or that the foundation operates with entirely volunteer leadership.

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 United Methodist Homes Of Nj Foundation Inc's IRS 990 filings:

• The sudden and substantial increase in revenue from $1.7M in 2022 to $9.8M in 2023 without a corresponding increase in expenses or assets warrants further investigation into the source and nature of these funds.
• The consistent reporting of $0 for officer, director, trustee, and key employee compensation could indicate a lack of transparency if compensation is being paid through a related organization not detailed in these filings.

Strengths

The following positive indicators were identified for United Methodist Homes Of Nj Foundation Inc:

• The organization maintains a healthy asset base, consistently above $11 million, providing financial stability.
• Expenses have generally been well below revenue in most years, indicating sound financial management.
• The organization has a long history of filings, suggesting established operations.

Frequently Asked Questions about United Methodist Homes Of Nj Foundation Inc

Filing History

IRS 990 filing history for United Methodist Homes Of Nj Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), United Methodist Homes Of Nj Foundation Inc's revenue has declined by 34.1%, moving from $1.5M to $989K. Total assets decreased by 18.1% over the same period, from $14.7M to $12.0M. Total functional expenses fell by 51%, from $2.0M to $968K. In its most recent filing year (2023), United Methodist Homes Of Nj Foundation Inc reported a surplus of $21K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $12.0M in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $9.9M.

Year-by-Year Financial Summary

• 2023: Revenue of $989K, expenses of $968K, and assets of $12.0M (revenue -43.1% year-over-year).
• 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $12.1M (revenue -2.7% year-over-year).
• 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $14.4M (revenue +13.2% year-over-year).
• 2020: Revenue of $1.6M, expenses of $3.0M, and assets of $11.8M (revenue +17.6% year-over-year).
• 2019: Revenue of $1.3M, expenses of $960K, and assets of $11.5M (revenue +3.1% year-over-year).
• 2018: Revenue of $1.3M, expenses of $869K, and assets of $11.3M (revenue -6.4% year-over-year).
• 2017: Revenue of $1.4M, expenses of $925K, and assets of $12.3M (revenue -19.1% year-over-year).
• 2016: Revenue of $1.7M, expenses of $1.4M, and assets of $12.0M (revenue -7.8% year-over-year).
• 2015: Revenue of $1.9M, expenses of $2.0M, and assets of $12.9M (revenue +62.8% year-over-year).
• 2014: Revenue of $1.1M, expenses of $2.4M, and assets of $14.5M (revenue -23.3% year-over-year).
• 2013: Revenue of $1.5M, expenses of $1.8M, and assets of $12.8M (revenue +17.6% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.9M, and assets of $13.0M (revenue -15.3% year-over-year).
• 2011: Revenue of $1.5M, expenses of $2.0M, and assets of $14.7M.

Data Sources and Methodology

This transparency report for United Methodist Homes Of Nj Foundation 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.