Caring Incorporated
- Assets
- $58.2m
- Revenue
- $12.6m
- Investments
- $153.9k
- Employees
- 251
- Location
- Atlantic City, NJ
- Founding
- 07/2008
- Data as of
- 03/2023
- EIN
- 22-2178791
Organization Overview
Caring Incorporated is located in Atlantic City, NJ. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Caring Incorporated employed 251 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Caring Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2023, Caring Incorporated generated $12.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.8m during the year ending 03/2023. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CARING, INC. IS A CHRISTIAN BASED ORGANIZATION SERVING THE FRAIL, IMPAIRED AGED AND DISABLED, YOUNG ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
CARING PLACE, CAREGIVER ASSISTANCE AND GROUP HOME RENTAL SERVICES
THE CARING MEMORY RESOURCE CENTER, WHICH IS LOCATED IN MAYS LANDING, IS A SOCIAL DAYCARE PROGRAM AVAILABLE MONDAY THROUGH FRIDAY FOR THOSE SIXTY YEARS OF AGE AND OLDER WITH A MEMORY IMPAIRMENT. PARTICIPANTS ENJOY A SAFE AND SECURE ENVIRONMENT THAT IS HIGHLIGHTED BY THE EXPERIENCED, COMPASSIONATE STAFF. STIMULATING, THERAPEUTIC ACTIVITIES INCLUDE BOARD AND CARD GAMES, ARTS AND CRAFTS, CHAIR EXERCISES, REMINISCING, PARTIES, AND TRIPS. ASSISTANCE WITH PERSONAL CARE IS PROVIDED IN THE COMPLETELY ACCESSIBLE CARING MEMORY RESOURCE CENTER. TASTY LUNCHES ARE MADE FRESH DAILY IN THE CARING KITCHEN. TRANSPORTATION IS PROVIDED IN FULLY ACCESSIBLE VEHICLES.
CARING'S SOCIAL DAY PROGRAM PROVIDES DAY PROGRAMS TO MEET THE NEEDS OF THE ELDERLY AND DISABLED IN A SOCIAL SETTING PROVIDING INTERESTING ACTIVITIES, TRIPS AND GROUP INVOLVEMENT. THE CENTERS, LOCATED IN ATLANTIC CITY AND MILLVILLE, PROVIDE ACTIVITIES PRIMARILY FOR SENIORS WHO MIGHT OTHERWISE HAVE LITTLE OR NO MEANS TO GET OUT INTO THE COMMUNITY. THE ATLANTIC CITY PROGRAM NOW ALSO COORDINATES ITS SERVICES WITH THE ATLANTIC COUNTY NUTRITION SITE THAT IS MANAGED FOR THE COUNTY BY CARING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reverend Milton Hendricks Board Chair | OfficerTrustee | 0.5 | $0 |
Frank A Bellis Jr Board Vice Chair | OfficerTrustee | 0.5 | $0 |
N Lynne Hughes ESQ Board Secretary | OfficerTrustee | 0.5 | $0 |
Donna Florin Board Member | Trustee | 0.5 | $0 |
Gary L Hill Board Member | Trustee | 0.5 | $0 |
James B Darcy Jr Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peter S Tocco Building & Remodeling Llc Building Improvements | 3/30/23 | $979,553 |
The Busler Group Llc Building Improvements | 3/30/23 | $234,191 |
Alex Contractors Llc Building Improvements | 3/30/23 | $169,103 |
Dubois Environmental Consultants Llc Environmental Consulting And Planning | 3/30/23 | $111,764 |
M&m Productions Llc Janitorial Services | 3/30/23 | $104,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $505 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $505 |
| Total Program Service Revenue | $11,226,286 |
| Investment income | $1,110,737 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$33,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,623,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,180,246 |
| Pension plan accruals and contributions | $283,231 |
| Other employee benefits | $532,587 |
| Payroll taxes | $607,521 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,958 |
| Fees for services: Accounting | $73,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $422,545 |
| Advertising and promotion | $606 |
| Office expenses | $374,969 |
| Information technology | $34,910 |
| Royalties | $0 |
| Occupancy | $358,086 |
| Travel | $119,370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $796,483 |
| Insurance | $6,973 |
| All other expenses | $0 |
| Total functional expenses | $6,772,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,739,886 |
| Savings and temporary cash investments | $1,947,737 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $570,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $753,717 |
| Net Land, buildings, and equipment | $20,954,388 |
| Investments—publicly traded securities | $31,997,363 |
| Investments—other securities | $153,889 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $37,586 |
| Total assets | $58,155,045 |
| Accounts payable and accrued expenses | $1,023,103 |
| Grants payable | $0 |
| Deferred revenue | $75,455 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,406,540 |
| Total liabilities | $31,505,098 |
| Net assets without donor restrictions | $21,140,153 |
| Net assets with donor restrictions | $5,509,794 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $58,155,045 |