Visiting Homemaker Service Of Ocean County Inc
Visiting Homemaker Service Of Ocean County Inc: Declining Revenue, High Administrative Costs
EIN: 221809179 · Toms River, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $863K |
| Program Spending | 60% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-565,613 |
| Transparency Score | 65/100 |
Is Visiting Homemaker Service Of Ocean County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Visiting Homemaker Service Of Ocean County Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Visiting Homemaker Service Of Ocean County Inc
Visiting Homemaker Service Of Ocean County Inc (EIN: 221809179) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $2.3M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Visiting Homemaker Service Of Ocean County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Visiting Homemaker Service Of Ocean County Inc is a mid-size nonprofit that has been operating for 59 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $607K |
| Total Expenses | $863K |
| Surplus / Deficit | $-256,429 |
| Total Assets | $518K |
| Total Liabilities | $1.1M |
| Net Assets | $-565,613 |
| Operating Margin | -42.2% |
| Debt-to-Asset Ratio | 209.1% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, Visiting Homemaker Service Of Ocean County Inc reported a deficit of $256K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 209.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Visiting Homemaker Service Of Ocean County Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -48.3% | -19.7% | -5.7% |
| 2022 | +5.9% | -1.4% | +74.4% |
| 2021 | -6.0% | -14.5% | -8.8% |
| 2020 | -20.8% | -20.0% | -7.2% |
| 2019 | -2.8% | -3.3% | -15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1967 |
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 Visiting Homemaker Service Of Ocean County 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Visiting Homemaker Service Of Ocean County Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $256K, with expenses exceeding revenue.
- Debt-to-asset ratio: 209.1%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could suggest that key leadership roles are either unpaid volunteers or compensated through other means not disclosed in standard filings.
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 Visiting Homemaker Service Of Ocean County Inc's IRS 990 filings:
- Significant and continuous decline in revenue over the past eight years, from $1,858,451 in 2016 to $606,950 in 2023, raises concerns about long-term sustainability.
- High administrative expenses relative to total expenses, especially given the declining revenue, indicate potential inefficiencies.
- Reporting $0 for executive compensation across all years is highly unusual and warrants further investigation into how leadership is compensated or if there are uncompensated leadership roles.
Strengths
The following positive indicators were identified for Visiting Homemaker Service Of Ocean County Inc:
- The organization has maintained positive net assets despite declining revenue, indicating some level of financial management.
- Consistent reporting of financial data over many years provides a clear historical view of operations.
Frequently Asked Questions about Visiting Homemaker Service Of Ocean County Inc
Is Visiting Homemaker Service Of Ocean County Inc a legitimate charity?
Visiting Homemaker Service Of Ocean County Inc (EIN: 221809179) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Visiting Homemaker Service Of Ocean County Inc spend its money?
Visiting Homemaker Service Of Ocean County Inc directs 60% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Visiting Homemaker Service Of Ocean County Inc tax-deductible?
Visiting Homemaker Service Of Ocean County Inc is registered as a tax-exempt nonprofit (EIN: 221809179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Visiting Homemaker Service Of Ocean County Inc CEO make?
Visiting Homemaker Service Of Ocean County Inc's highest-compensated officer earns $0 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Visiting Homemaker Service Of Ocean County Inc's spending goes to programs?
Visiting Homemaker Service Of Ocean County Inc directs 60% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is Visiting Homemaker Service Of Ocean County Inc located?
Visiting Homemaker Service Of Ocean County Inc is headquartered in Toms River, New Jersey and files with the IRS under EIN 221809179.
How many years of IRS 990 filings does Visiting Homemaker Service Of Ocean County Inc have?
Visiting Homemaker Service Of Ocean County 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 $2.3M in total revenue.
What does Visiting Homemaker Service Of Ocean County Inc do?
Visiting Homemaker Service Of Ocean County Inc 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 Visiting Homemaker Service Of Ocean County Inc have?
Visiting Homemaker Service Of Ocean County Inc reported total revenue of $2,316,121. Based on 13 IRS 990 filings on record.
What are Visiting Homemaker Service Of Ocean County Inc's total assets?
Visiting Homemaker Service Of Ocean County Inc holds total assets of $1,715,559 as reported in IRS 990 filings.
Where is Visiting Homemaker Service Of Ocean County Inc located?
Visiting Homemaker Service Of Ocean County Inc is based in Toms River, New Jersey.
What is Visiting Homemaker Service Of Ocean County Inc's EIN?
Visiting Homemaker Service Of Ocean County Inc's Employer Identification Number (EIN) is 221809179. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Visiting Homemaker Service Of Ocean County Inc?
Visiting Homemaker Service Of Ocean County Inc is classified under NTEE code Unknown (Unknown).
Is Visiting Homemaker Service Of Ocean County Inc a registered 501(c)(3)?
Visiting Homemaker Service Of Ocean County Inc appears in IRS records (EIN: 221809179). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Visiting Homemaker Service Of Ocean County Inc file IRS Form 990?
Yes, Visiting Homemaker Service Of Ocean County Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Visiting Homemaker Service Of Ocean County Inc's revenue in 2023?
In the 202312 filing period, Visiting Homemaker Service Of Ocean County Inc reported total revenue of $606,950, total expenses of $863,379, and net assets of $518,472.
Is Visiting Homemaker Service Of Ocean County Inc's revenue growing or declining?
Visiting Homemaker Service Of Ocean County Inc's revenue is declining. Revenue went from $1,174,600 (202212) to $606,950 (202312), a -48.3% change. Based on 13 filings on record.
What is Visiting Homemaker Service Of Ocean County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Visiting Homemaker Service Of Ocean County Inc covers tax period 202312. It shows revenue of $606,950, expenses of $863,379, total assets of $518,472, and liabilities of $1,084,085.
How much does Visiting Homemaker Service Of Ocean County Inc spend on programs vs administration?
Based on IRS 990 analysis, Visiting Homemaker Service Of Ocean County Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Visiting Homemaker Service Of Ocean County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Visiting Homemaker Service Of Ocean County Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Visiting Homemaker Service Of Ocean County Inc?
The following concerns were identified: Significant and continuous decline in revenue over the past eight years, from $1,858,451 in 2016 to $606,950 in 2023, raises concerns about long-term sustainability.. High administrative expenses relative to total expenses, especially given the declining revenue, indicate potential inefficiencies.. Reporting $0 for executive compensation across all years is highly unusual and warrants further investigation into how leadership is compensated or if there are uncompensated leadership roles.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Visiting Homemaker Service Of Ocean County Inc's strengths?
Positive indicators for Visiting Homemaker Service Of Ocean County Inc include: The organization has maintained positive net assets despite declining revenue, indicating some level of financial management.. Consistent reporting of financial data over many years provides a clear historical view of operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Visiting Homemaker Service Of Ocean County Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could suggest that key leadership roles are either unpaid volunteers or compensated through other means not disclosed in standard filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent and significant decline in revenue for Visiting Homemaker Service Of Ocean County Inc over the past eight years?
The provided data does not specify the reasons for the revenue decline, but it's a critical trend that could be due to reduced demand for services, increased competition, or changes in funding sources.
How does the organization manage to operate with reported $0 executive compensation, and what are the implications for leadership stability and expertise?
Operating with $0 executive compensation could mean that leadership is entirely volunteer-based, compensated through a related entity, or that the compensation is not reported in the standard section. This could impact the organization's ability to attract and retain experienced leadership.
Filing History
IRS 990 filing history for Visiting Homemaker Service Of Ocean County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Visiting Homemaker Service Of Ocean County Inc's revenue has declined by 77.8%, moving from $2.7M to $607K. Total assets decreased by 5.2% over the same period, from $547K to $518K. Total functional expenses fell by 68.6%, from $2.8M to $863K. In its most recent filing year (2023), Visiting Homemaker Service Of Ocean County Inc reported a deficit of $256K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $518K in assets (debt-to-asset ratio: 209.1%), resulting in net assets of $-565,613.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $607K | $863K | $518K | $1.1M | — | View 990 |
| 2022 | $1.2M | $1.1M | $550K | $859K | — | View 990 |
| 2021 | $1.1M | $1.1M | $315K | $723K | — | View 990 |
| 2020 | $1.2M | $1.3M | $346K | $772K | — | — |
| 2019 | $1.5M | $1.6M | $373K | $703K | — | View 990 |
| 2018 | $1.5M | $1.7M | $440K | $667K | — | View 990 |
| 2017 | $1.7M | $1.7M | $500K | $606K | — | — |
| 2016 | $1.9M | $1.8M | $523K | $625K | — | View 990 |
| 2015 | $2.0M | $2.0M | $489K | $639K | — | View 990 |
| 2014 | $2.3M | $2.4M | $516K | $660K | — | View 990 |
| 2013 | $2.5M | $2.6M | $604K | $660K | — | View 990 |
| 2012 | $2.6M | $2.7M | $496K | $495K | — | View 990 |
| 2011 | $2.7M | $2.8M | $547K | $447K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $607K, expenses of $863K, and assets of $518K (revenue -48.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $550K (revenue +5.9% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $315K (revenue -6.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $346K (revenue -20.8% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $373K (revenue -2.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.7M, and assets of $440K (revenue -10.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $500K (revenue -8.0% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $523K (revenue -6.8% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.0M, and assets of $489K (revenue -13.2% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $516K (revenue -8.4% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.6M, and assets of $604K (revenue -4.1% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.7M, and assets of $496K (revenue -4.5% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.8M, and assets of $547K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Visiting Homemaker Service Of Ocean County Inc:
Data Sources and Methodology
This transparency report for Visiting Homemaker Service Of Ocean County 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.