Village Apartments Of Cherry Hill Nj Inc
Village Apartments of Cherry Hill NJ Inc: Consistent Revenue, Declining Assets
EIN: 222390872 · Camden, NJ · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-2,869,546 |
| Transparency Score | 75/100 |
Is Village Apartments Of Cherry Hill Nj Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Village Apartments Of Cherry Hill Nj Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Village Apartments Of Cherry Hill Nj Inc
Village Apartments Of Cherry Hill Nj Inc (EIN: 222390872) is a nonprofit organization based in Camden, NJ, classified under NTEE code L22Z. The organization reported total revenue of $2.2M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Village Apartments Of Cherry Hill Nj Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Village Apartments Of Cherry Hill Nj Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-240,560 |
| Total Assets | $3.1M |
| Total Liabilities | $6.0M |
| Net Assets | $-2,869,546 |
| Operating Margin | -11.8% |
| Debt-to-Asset Ratio | 192.7% |
| Months of Reserves | 16.2 months |
Financial Health Grade: C
In 2023, Village Apartments Of Cherry Hill Nj Inc reported a deficit of $241K with expenses exceeding revenue, holds 16.2 months of operating reserves (strong position), has a debt-to-asset ratio of 192.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Village Apartments Of Cherry Hill Nj Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.0% | -1.1% | -12.9% |
| 2022 | -0.3% | +5.8% | -10.4% |
| 2021 | +2.8% | +1.6% | -7.4% |
| 2020 | +0.2% | -5.3% | -7.4% |
| 2019 | -0.2% | +5.1% | -12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1946 |
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 Village Apartments Of Cherry Hill Nj Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Village Apartments Of Cherry Hill Nj Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $241K, with expenses exceeding revenue.
- Debt-to-asset ratio: 192.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating either a volunteer-led organization or compensation is not reported in this section.
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 Village Apartments Of Cherry Hill Nj Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $6,296,808 in 2016 to $3,133,326 in 2023, a decrease of approximately 50%.
- Total liabilities have also decreased from $7,367,254 in 2016 to $5,964,025 in 2023, but still exceed assets, indicating potential long-term solvency concerns.
- The organization consistently reports 0% compensation, which, while potentially positive, could also indicate a lack of detailed reporting on all forms of compensation or a fully volunteer-run structure that isn't explicitly stated.
Strengths
The following positive indicators were identified for Village Apartments Of Cherry Hill Nj Inc:
- The organization maintains a remarkably consistent revenue stream, hovering around $1.9 million to $2.1 million annually over the past eight years.
- Expenses have generally remained stable relative to revenue, suggesting consistent operational management.
- The organization has consistently reported $0 in compensation for officers, directors, trustees, and key employees, which could indicate efficient use of funds if operations are sustained by volunteers or other non-compensated roles.
Frequently Asked Questions about Village Apartments Of Cherry Hill Nj Inc
Is Village Apartments Of Cherry Hill Nj Inc a legitimate charity?
Village Apartments Of Cherry Hill Nj Inc (EIN: 222390872) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Village Apartments Of Cherry Hill Nj Inc spend its money?
Village Apartments Of Cherry Hill Nj Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Village Apartments Of Cherry Hill Nj Inc tax-deductible?
Village Apartments Of Cherry Hill Nj Inc is registered as a tax-exempt nonprofit (EIN: 222390872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Village Apartments Of Cherry Hill Nj Inc CEO make?
Village Apartments Of Cherry Hill Nj Inc's highest-compensated officer earns $0 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Village Apartments Of Cherry Hill Nj Inc's spending goes to programs?
Village Apartments Of Cherry Hill Nj Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Village Apartments Of Cherry Hill Nj Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Village Apartments Of Cherry Hill Nj Inc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Village Apartments Of Cherry Hill Nj Inc located?
Village Apartments Of Cherry Hill Nj Inc is headquartered in Camden, New Jersey and files with the IRS under EIN 222390872. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Village Apartments Of Cherry Hill Nj Inc have?
Village Apartments Of Cherry Hill Nj Inc has 13 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 $2.2M in total revenue.
What does Village Apartments Of Cherry Hill Nj Inc do?
Village Apartments Of Cherry Hill Nj Inc is a nonprofit organization in the Housing & Shelter sector, located in Camden, New Jersey. It is classified under NTEE code L22Z.
How much revenue does Village Apartments Of Cherry Hill Nj Inc have?
Village Apartments Of Cherry Hill Nj Inc reported total revenue of $2,185,191. Based on 13 IRS 990 filings on record.
What are Village Apartments Of Cherry Hill Nj Inc's total assets?
Village Apartments Of Cherry Hill Nj Inc holds total assets of $3,133,326 as reported in IRS 990 filings.
Where is Village Apartments Of Cherry Hill Nj Inc located?
Village Apartments Of Cherry Hill Nj Inc is based in Camden, New Jersey.
What is Village Apartments Of Cherry Hill Nj Inc's EIN?
Village Apartments Of Cherry Hill Nj Inc's Employer Identification Number (EIN) is 222390872. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Village Apartments Of Cherry Hill Nj Inc?
Village Apartments Of Cherry Hill Nj Inc is classified under NTEE code L22Z (Housing & Shelter).
Is Village Apartments Of Cherry Hill Nj Inc a registered 501(c)(3)?
Yes, Village Apartments Of Cherry Hill Nj Inc is recognized as a tax-exempt organization by the IRS. EIN: 222390872.
Does Village Apartments Of Cherry Hill Nj Inc file IRS Form 990?
Yes, Village Apartments Of Cherry Hill Nj Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Village Apartments Of Cherry Hill Nj Inc's revenue in 2023?
In the 202306 filing period, Village Apartments Of Cherry Hill Nj Inc reported total revenue of $2,045,655, total expenses of $2,286,215, and net assets of $3,094,479.
Is Village Apartments Of Cherry Hill Nj Inc's revenue growing or declining?
Village Apartments Of Cherry Hill Nj Inc's revenue is relatively stable. Revenue went from $1,985,506 (202206) to $2,045,655 (202306), a +3.0% change. Based on 13 filings on record.
What is Village Apartments Of Cherry Hill Nj Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Village Apartments Of Cherry Hill Nj Inc covers tax period 202306. It shows revenue of $2,045,655, expenses of $2,286,215, total assets of $3,094,479, and liabilities of $5,964,025.
How much does Village Apartments Of Cherry Hill Nj Inc spend on programs vs administration?
Based on IRS 990 analysis, Village Apartments Of Cherry Hill Nj Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Village Apartments Of Cherry Hill Nj Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Village Apartments Of Cherry Hill Nj Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Village Apartments Of Cherry Hill Nj Inc?
The following concerns were identified: Total assets have shown a consistent decline from $6,296,808 in 2016 to $3,133,326 in 2023, a decrease of approximately 50%.. Total liabilities have also decreased from $7,367,254 in 2016 to $5,964,025 in 2023, but still exceed assets, indicating potential long-term solvency concerns.. The organization consistently reports 0% compensation, which, while potentially positive, could also indicate a lack of detailed reporting on all forms of compensation or a fully volunteer-run structure that isn't explicitly stated.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Village Apartments Of Cherry Hill Nj Inc's strengths?
Positive indicators for Village Apartments Of Cherry Hill Nj Inc include: The organization maintains a remarkably consistent revenue stream, hovering around $1.9 million to $2.1 million annually over the past eight years.. Expenses have generally remained stable relative to revenue, suggesting consistent operational management.. The organization has consistently reported $0 in compensation for officers, directors, trustees, and key employees, which could indicate efficient use of funds if operations are sustained by volunteers or other non-compensated roles.. These findings are derived from AI analysis of the organization's financial filings.
How does Village Apartments Of Cherry Hill Nj Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating either a volunteer-led organization or compensation is not reported in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and declining assets, what is the primary driver of the asset reduction, and how does it impact the organization's long-term sustainability?
The consistent decline in assets, from $6,296,808 in 2016 to $3,133,326 in 2023, while revenue remains stable, suggests significant depreciation of physical assets or divestment without corresponding reinvestment. This trend, coupled with liabilities exceeding assets, raises concerns about the organization's long-term financial health and ability to maintain or upgrade its facilities.
With $0 reported for executive compensation, how does the organization manage its operations and leadership, and what are the implications for its governance structure?
The consistent reporting of $0 for executive compensation implies that the organization is either entirely volunteer-run at the leadership level or that compensation is structured and reported in a way not captured in this specific data point. This could indicate a highly dedicated volunteer board and management, but also raises questions about the sustainability of such a model and the potential for professional leadership development.
Filing History
IRS 990 filing history for Village Apartments Of Cherry Hill Nj Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Village Apartments Of Cherry Hill Nj Inc's revenue has grown by 21.1%, moving from $1.7M to $2.0M. Total assets decreased by 20.1% over the same period, from $3.9M to $3.1M. Total functional expenses rose by 44.1%, from $1.6M to $2.3M. In its most recent filing year (2023), Village Apartments Of Cherry Hill Nj Inc reported a deficit of $241K, with expenses exceeding revenue. The organization holds $6.0M in liabilities against $3.1M in assets (debt-to-asset ratio: 192.7%), resulting in net assets of $-2,869,546.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.3M | $3.1M | $6.0M | — | — |
| 2022 | $2.0M | $2.3M | $3.6M | $6.2M | — | View 990 |
| 2021 | $2.0M | $2.2M | $4.0M | $6.3M | — | View 990 |
| 2020 | $1.9M | $2.2M | $4.3M | $6.4M | — | View 990 |
| 2019 | $1.9M | $2.3M | $4.6M | $6.5M | — | View 990 |
| 2018 | $1.9M | $2.2M | $5.3M | $6.8M | — | View 990 |
| 2017 | $1.9M | $2.2M | $6.0M | $7.4M | — | View 990 |
| 2016 | $1.9M | $2.3M | $6.3M | $7.4M | — | View 990 |
| 2015 | $1.9M | $1.9M | $6.5M | $7.2M | — | View 990 |
| 2014 | $1.8M | $1.9M | $6.8M | $7.4M | — | View 990 |
| 2013 | $1.9M | $1.6M | $7.0M | $7.5M | — | View 990 |
| 2012 | $1.7M | $1.7M | $7.1M | $7.5M | — | View 990 |
| 2011 | $1.7M | $1.6M | $3.9M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.3M, and assets of $3.1M (revenue +3.0% year-over-year).
- 2022: Revenue of $2.0M, expenses of $2.3M, and assets of $3.6M (revenue -0.3% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.2M, and assets of $4.0M (revenue +2.8% year-over-year).
- 2020: Revenue of $1.9M, expenses of $2.2M, and assets of $4.3M (revenue +0.2% year-over-year).
- 2019: Revenue of $1.9M, expenses of $2.3M, and assets of $4.6M (revenue -0.2% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.2M, and assets of $5.3M (revenue +0.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.2M, and assets of $6.0M (revenue +0.7% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.3M, and assets of $6.3M (revenue +2.5% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.9M, and assets of $6.5M (revenue +5.6% year-over-year).
- 2014: Revenue of $1.8M, expenses of $1.9M, and assets of $6.8M (revenue -4.8% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.6M, and assets of $7.0M (revenue +9.2% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.7M, and assets of $7.1M (revenue +0.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Village Apartments Of Cherry Hill Nj Inc:
Data Sources and Methodology
This transparency report for Village Apartments Of Cherry Hill Nj 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.