Caring Incorporated
- Assets
- $1.1m
- Revenue
- $59.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlantic City, NJ
- Founding
- 07/2008
- Data as of
- 03/2023
- EIN
- 27-0183023
Organization Overview
Caring Incorporated is located in Atlantic City, NJ. The organization was established in 2008. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is a subordinate organization within 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 $59.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $77.2k during the year ending 03/2023. While expenses have increased by 2.2% 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 RESIDENTIAL SERVICES VI, 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 RESIDENTIAL SERVICES VI, INC. PROVIDES RENTAL HOUSING UNITS FOR LOW-INCOME DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Darcy Board Chair | OfficerTrustee | 0.5 | $0 |
Bob Conover Board Vice Chair | OfficerTrustee | 0.5 | $0 |
N Lynne Hughes ESQ Board Secretary | OfficerTrustee | 0.5 | $0 |
Frank A Bellis Board Member | Trustee | 0.5 | $0 |
Joseph Dougherty ESQ Pres And Exec Director Ope | Officer | 0.5 | $0 |
Brian P Curran VP And Exec Director Finan | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $59,040 |
| Investment income | $14 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,054 |
| 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 | $15,000 |
| Pension plan accruals and contributions | $1,050 |
| Other employee benefits | $609 |
| Payroll taxes | $1,733 |
| Fees for services: Management | $5,184 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $990 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,417 |
| Royalties | $0 |
| Occupancy | $17,548 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,431 |
| Insurance | $0 |
| All other expenses | $480 |
| Total functional expenses | $77,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,930 |
| Savings and temporary cash investments | $121,194 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $990,509 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,131,633 |
| Accounts payable and accrued expenses | $8,720 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,987 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $86,400 |
| Other liabilities | $57,826 |
| Total liabilities | $154,933 |
| Net assets without donor restrictions | $159,870 |
| Net assets with donor restrictions | $816,830 |
| 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 | $1,131,633 |