Declarations Inc

Nonprofit profile at a glance

EIN
161672491
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Freehold, NJ, USA
Phone
7327926990
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Residential Mental Health Treatment

Reported finances

Revenue
$3,512,817
Expenses
$3,699,397
Assets
$2,191,570
Liabilities
$1,650,009

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

Leadership & pay

10 people listed

Executive titles in this filing

  • JAMES R MARHOLD DHADBA (PRESIDENT)
  • MICHAEL DEVITO (VICE PRESIDENT)

Highest reported compensation

  • JAMES R MARHOLD DHADBA (PRESIDENT): $236,723 total reported compensation
  • WENDY MARINKO (COO): $196,821 total reported compensation
  • ERIN MULLEN (DIRECTOR OF NURSING): $109,155 total reported compensation

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

Overview

Mission

To provide educational and emotional support to people with disabilities by operating facilities and programs that are dedicated to their recovery rehabilitation, and wellness. To advocate for the rights of self-reliance, personal dignity, and independence for all individuals with disabilities and to advance the understanding that even those with the most severe disability can lead a productive and joyful life.

What it reported doing in 2024

Founded in 2003, declarations, inc. Has grown into a national leader in community supports for consumers of behavioral healthcare services. Declarations, inc. Was founded for the purpose of providing wellness and recovery services for those with behavioral healthcare needs in a supportive housing setting. Declarations, inc. Has developed the nationally recognized declarations' life coaching model, which is built upon the philosophy that the path to successful rehabilitation and wellness starts with a person's own internal motivation and strength. The life coaching model strives to promote the idea that behavioral healthcare services should emphasize the facilitation of self-help and empowerment, thus creating wellness from within. The effectiveness of this model has resulted in high levels of consumer satisfaction rating with more than 90% of consumers maintaining housing. Also, multiple licensing reports over the past five years have been overwhelmingly positive. On average, 50 consumers per year are provided with homes and services through declarations, inc.

Operating model

Revenue model
Grant-funded. 75% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 75
  • Accountability: 93
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $550.06 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 87.5%; rating input score 88; 19th 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: -5.3%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 14.7%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 1.5% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 6.3% per year; rating input score 100; 50th percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 43rd percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 81.3% of spending went to programs
  • Governance: 7 of 8 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $237K · 10 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Sustainability: Operating margin scored 20/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.