Virtua Home Care Community Nursing Services Inc
Virtua Home Care Community Nursing Services Inc. consistently operates at a deficit but shows significant asset growth with no reported officer compensation.
EIN: 210679591 · Marlton, NJ · NTEE: E92Z · Updated: 2026-03-28
Is Virtua Home Care Community Nursing Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Virtua Home Care Community Nursing Services Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Virtua Home Care Community Nursing Services Inc
Virtua Home Care Community Nursing Services Inc (EIN: 210679591) is a nonprofit organization based in Marlton, NJ, classified under NTEE code E92Z. The organization reported total revenue of $29.4M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virtua Home Care Community Nursing Services 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 Virtua Home Care Community Nursing Services Inc with a Mission Score of 85 out of 100 (Excellent). 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: 90%
- fundraising: 0%
According to IRS 990 filings, Virtua Home Care Community Nursing Services Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Virtua Home Care Community Nursing Services Inc. consistently reports 0% officer compensation across all available filings, indicating that no portion of its revenue is allocated to executive salaries. This is highly commendable for an organization of its size, with latest revenue of $29,390,509, demonstrating a strong commitment to directing resources towards its mission.
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 Virtua Home Care Community Nursing Services Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in every reported period (e.g., $3,825,292 expenses vs. $3,152,285 revenue in 2023).
- Significant increase in liabilities alongside assets, which could indicate increased debt burden if not managed effectively.
Strengths
The following positive indicators were identified for Virtua Home Care Community Nursing Services Inc:
- Zero reported officer compensation across all filings, indicating high efficiency in executive spending.
- Significant growth in assets, from $386,403 in 2019 to $13,074,778 in 2023, suggesting financial stability and capacity.
- Strong program focus implied by the absence of fundraising expenses and executive compensation.
Frequently Asked Questions about Virtua Home Care Community Nursing Services Inc
Is Virtua Home Care Community Nursing Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virtua Home Care Community Nursing Services Inc (EIN: 210679591) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Virtua Home Care Community Nursing Services Inc spend its money?
Virtua Home Care Community Nursing Services Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Virtua Home Care Community Nursing Services Inc tax-deductible?
Virtua Home Care Community Nursing Services Inc is registered as a tax-exempt nonprofit (EIN: 210679591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Virtua Home Care Community Nursing Services Inc. financially sustainable given its consistent operational deficits?
While the organization consistently reports expenses exceeding revenue, its significant and growing asset base (e.g., $13,074,778 in 2023) suggests it has reserves or other funding mechanisms to cover these deficits. However, long-term sustainability would benefit from addressing the recurring operational shortfalls.
What is driving the substantial increase in assets and liabilities in recent years?
The rapid increase in assets from $5,502,034 in 2021 to $13,074,778 in 2023, coupled with rising liabilities, suggests potential investments in infrastructure, property, or expansion of services. Further detail from the full 990 filings would be needed to pinpoint the exact nature of these financial movements.
How does the organization manage to operate without reporting officer compensation?
The consistent reporting of 0% officer compensation indicates that executive leadership may be compensated by an affiliated entity, or they are volunteers. This practice, if sustained, significantly reduces administrative overhead and maximizes funds for program services.
Filing History
IRS 990 filing history for Virtua Home Care Community Nursing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virtua Home Care Community Nursing Services Inc's revenue has grown by 58.8%, moving from $2.0M to $3.2M. Total assets increased by 3207.1% over the same period, from $395K to $13.1M. Total functional expenses rose by 47.8%, from $2.6M to $3.8M. In its most recent filing year (2023), Virtua Home Care Community Nursing Services Inc reported a deficit of $673K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $13.1M in assets (debt-to-asset ratio: 11.1%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $3.8M | $13.1M | $1.5M | — | — |
| 2022 | $1.5M | $1.8M | $7.0M | $514K | — | View 990 |
| 2021 | $1.5M | $1.7M | $5.5M | $460K | — | View 990 |
| 2020 | $1.6M | $1.7M | $502K | $487K | — | View 990 |
| 2019 | $1.6M | $1.9M | $386K | $365K | — | View 990 |
| 2018 | $1.4M | $1.7M | $418K | $389K | — | View 990 |
| 2017 | $1.3M | $1.7M | $459K | $405K | — | View 990 |
| 2016 | $1.7M | $2.2M | $462K | $412K | — | View 990 |
| 2015 | $1.8M | $2.3M | $472K | $397K | — | View 990 |
| 2014 | $1.7M | $2.4M | $397K | $343K | — | View 990 |
| 2013 | $1.9M | $2.5M | $356K | $342K | — | View 990 |
| 2012 | $2.1M | $2.5M | $357K | $345K | — | View 990 |
| 2011 | $2.0M | $2.6M | $395K | $276K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $3.8M, and assets of $13.1M (revenue +114.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.8M, and assets of $7.0M (revenue -0.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.7M, and assets of $5.5M (revenue -4.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.7M, and assets of $502K (revenue -4.1% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.9M, and assets of $386K (revenue +11.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.7M, and assets of $418K (revenue +9.6% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.7M, and assets of $459K (revenue -21.6% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.2M, and assets of $462K (revenue -5.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.3M, and assets of $472K (revenue +3.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $2.4M, and assets of $397K (revenue -11.4% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.5M, and assets of $356K (revenue -5.4% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.5M, and assets of $357K (revenue +3.5% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.6M, and assets of $395K.
Data Sources and Methodology
This transparency report for Virtua Home Care Community Nursing Services 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.