Interfaith Neighbors Inc

Nonprofit profile at a glance

EIN
222896129
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Asbury Park, NJ, USA
Phone
7327750525
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Affiliation
Interfaith

Reported finances

Revenue
$6,633,826
Expenses
$6,796,500
Assets
$24,480,428
Liabilities
$768,353

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

Leadership & pay

11 people listed

Highest reported compensation

  • PAUL L MCEVILY (EXECUTIVE DI): $114,400 total reported compensation
  • WALTER CRAIG (CO - EXEC DI): $113,320 total reported compensation
  • JOSEPH J MARMORA (TRUSTEE): $19,520 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 meals, rental assistance, utility assistance and affordable housing to underpriviledged families, the elderly, frail and the homebound, along with overall community development in underpriviledged neighborhoods.

What it reported doing in 2024

Interfaith neighbors has an ongoing, state approved, neighborhood revitalization program that it has undertaken across the west side of asbury park, New Jersey. This program is an active effort to address a number of conditions which exist across underserved communities and, taken together, adversely effect the overall health of the community. Interfaith's program entails, among other initiatives, the building of safe, clean, affordable housing, developing workforce programs geared to jobs in high demand industries with living wage salaries, inspiring collaboration across community groups for focused neighborhood initiatives, and programs to bring an awareness to healthy lifestyles and proper nutrition, which is combined with interfaith's development of urban farms and a hydroponic farm in their underserved neighborhood that has also been deemed a food desert.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 92
  • Accountability: 85
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92.5%; rating input score 92
  • Fundraising efficiency: $30.39 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 15th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.5%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 3.6; rating input score 78; 78th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: 1.4% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 24th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92.5% of spending went to programs
  • Governance: 9 of 11 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6.3M in reported program spending
  • Leadership: top reported pay $114K · 11 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • 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 25/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.