Caring Inc

Nonprofit profile at a glance

EIN: 222178791
IRS 990 coverage: 2013–2024
Forms available: Form 990 2024
Location: Atlantic City, NJ, USA
Phone: 6094847050
Rating: 88
Verdict: STRONG
Rating confidence: Moderate
Sector: Senior Citizens' Housing/Retirement Communities
Affiliation: Christianity

Official website

Reported finances

Revenue: $20,559,781
Expenses: $35,450,417
Assets: $72,003,069
Liabilities: $48,874,781

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Highest reported compensation

Joseph Dougherty Esq (Pres and Exec Director Ope): $773,633 total reported compensation
Brian P Curran (VP and Exec Director Finan): $684,540 total reported compensation
Thomas Thompson (Controller): $444,872 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to communicate the love and work of Jesus Christ Our Lord for all peoples through serving the frail, impaired aged and disabled young adults. These ministries reach out to accomplish the following for as many in need as possible: Prevent institutional placement by providing community-based alternatives. Provide respite and support for families and other care givers. Present a "today-worth-the-living" to the frail and impaired elderly, and disabled young adults.

What it reported doing in 2024

CARING is licensed by the NJ Department of Health and Senior Services to provide Assisted Living Program (ALP) services -nursing care, homemaker services, personal care, assistance with medication, doctor appointments and transportation to residents of publicly subsidized units in their own apartments. Currently, CARING provides ALP services to eligible residents of the Atlantic City Housing Authority Jefferies Tower, Inlet Tower and John P Whittington Center, The Best of Life building in Atlantic City, the Wildwood Housing Authority Sandman Towers, Millville Housing Authority Riverview West, East and Jaycee Plaza and Camden's Northgate II. CARING provides those residents with the services they require to "age in place" rather than move into a long-term care facility.

Operating model

Revenue model: Other-operating. 88% of the money available for current operations came from other operating revenue.
Distribution model: Grant intermediary. The nonprofit sent 70% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

Financial Efficiency: 84
Transparency & Controls: 92
Accountability: 100
Sustainability: 26
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 84.9%; rating input score 85
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: 99.8%; rating input score 100; 37th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Yes; rating input score 100

Accountability

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: -72.4%; rating input score 1; 1st percentile among comparable filings
Total-asset coverage ratio: 2.03; rating input score 62; 62nd percentile among comparable filings
Liabilities to assets ratio: 0.68; rating input score 18; 18th percentile among comparable filings
Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings

Growth

Program expense growth: 13.2% per year; rating input score 100; 80th percentile among comparable filings
Revenue growth: 9.7% per year; rating input score 100; 73rd percentile among comparable filings
Asset growth: 19.2% per year; rating input score 100; 88th percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 84.9% of spending went to programs
Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
Programs: 4 filed program accomplishments · $30.1M in reported program spending
Leadership: top reported pay $774K · 11 people listed · 4 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $2.3M reported
Consistency: 33 of 33 current checks pass
Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
Filing history: 12 filing years from 2013 to 2024
Contacts: How to reach this organization
Money network: 6 filed money-flow records
Related organizations: 17 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Sustainability: Operating margin scored 1/100.
High — Sustainability: Liabilities to assets ratio scored 18/100.
Moderate — Sustainability: Officer compensation ratio scored 42/100.