Halos for Angels

Nonprofit profile at a glance

EIN
800506158
IRS 990-EZ coverage
2015–2025
Forms available
Form 990-EZ 2025, Form 990-N 2020
Location
Florham Park, NJ, USA
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Emergency Assistance

Reported finances

Revenue
$39,411
Expenses
$63,189
Assets
$40,164

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • KAREN CASOLARO (President)
  • ELISA DEMASI (Vice President)

People named in this filing

  • KAREN CASOLARO (President)
  • ELISA DEMASI (Vice President)
  • JACQUELINE SCHORR (Recording Sec)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization is dedicated to community families in need. The organization was formed for the following purposes (A) to nurture its community's well being by extending to its families temporary relief, comfort, and support when sudden tragedy of emotional and physical despair hits home; (B) by helping families with the day to day responsibilities, the organization can temporarily provide for transportateion services, shopping trips, child care, daily meals, or whatever the need may be, until the families are stronger and back on their feet; (C) for those who suffer emotionally, comforting support and companionship are extended by professionals and volunteers who are honored and most willing to help others in need; (D)by networking with community families, organizations, and volunteers, the organization gives back with temporary services to families as they journey ahead to a stronger and stable environment once again.

What it reported doing in 2025

(A) to nurture its community's well being by extending to its families temporary relief, comfort, and support when sudden tragedy of emotional and physical despair hits home; (B) by helping families with the day to day responsibilities, the organization can temporarily provide for transportateion services, shopping trips, child care, daily meals, or whatever the need may be, until the families are stronger and back on their feet; (C) for those who suffer emotionally, comforting support and companionship are extended by professionals and volunteers who are honored and most willing to help others in need; (D)by networking with community families, organizations, and volunteers, the organization gives back with temporary services to families as they journey ahead to a stronger and stable environment once again.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% 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 revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.9%; rating input score 92

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -60.3%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.64; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 48th percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 11/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.