Caring Inc

EIN: 222178791 501(c)(3) Housing & Shelter

Atlantic City, NJ

Total Revenue
$20,559,781
Total Expenses
$35,450,417
Total Assets
$72,003,069
Net Assets
$23,128,288
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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NJ
Principal Officer
Brian P Curran
Phone
6094847050
Tax Period
2024-04-01 to 2025-03-31

Caring Inc, founded in 1977, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.6M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $35.5M exceeded revenue, resulting in a 72% operating deficit.

Mission

Our mission is to communicate the love and work of Jesus Christ Our Lord for all peoples through serving the frail, impaired aged and disabled young adults. These ministries reach out to accomplish the following for as many in need as possible: Prevent institutional placement by providing community-based alternatives. Provide respite and support for families and other care givers. Present a "today-worth-the-living" to the frail and impaired elderly, and disabled young adults.

Program Service Accomplishments

Program 1
Expenses: $10,553,085 Revenue: $8,286,940

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...

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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.

Program 2
Expenses: $4,888,063 Revenue: $1,405,962

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...

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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.

Program 3
Expenses: $4,882,874 Revenue: $1,522,716

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $496,286
Program Service Revenue $17,773,030
Investment Income $2,269,511
Other Revenue $20,954
TOTAL REVENUE $20,559,781

Expense Breakdown

Grants Paid $21,128,186
Salaries & Benefits $5,904,176
Fundraising Expenses $0
Program Expenses $30,102,944
Other Expenses $8,418,055
TOTAL EXPENSES $35,450,417

Year-over-Year Comparison

2024 2023 Change
Revenue $20,559,781 $12,859,035 +0.6%
Expenses $35,450,417 $7,193,697 +3.9%
Net Income $-14,890,636 $5,665,338 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
163
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$1,458,173
Total Directors
6
$0
Key Employees
1
$444,872
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Reverend Milton Hendricks Board Chair 0.50
Officer Director
$0 $0 $0
N Lynne Hughes Esq Board Secretary 0.50
Officer Director
$0 $0 $0
Donna Florin Board Member 0.50
Director
$0 $0 $0
Gary L Hill Board Member 0.50
Director
$0 $0 $0
James B Darcy Jr Board Member 0.50
Director
$0 $0 $0
Bob Conover Board Member 0.50
Director
$0 $0 $0
Joseph Dougherty Esq Pres and Exec Director Ope 44.50
Officer
$586,520 $187,113 $773,633
Brian P Curran VP and Exec Director Finan 44.50
Officer
$530,430 $154,110 $684,540
Thomas Thompson Controller 44.50
Key Emp
$325,479 $119,393 $444,872
Ellen Flynn Safety Director 40.00
Highest
$111,426 $27,181 $138,607
Daniel Lugo Transportation Director 40.00
Highest
$108,282 $26,961 $135,243
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $20,559,781 $35,450,417 $72,003,069 $-14,890,636
2024 $12,859,035 $7,193,697 $77,959,227 $5,665,338
2023 $12,623,926 $6,772,282 $58,155,045 $5,851,644
2022 $10,490,543 $6,403,318 $50,275,931 $4,087,225
2021 $8,915,153 $5,714,071 $37,762,282 $3,201,082
2020 $10,137,222 $6,835,612 $22,417,392 $3,301,610
2019 $9,413,901 $6,257,642 $15,261,002 $3,156,259
2018 $6,742,489 $5,833,673 $13,886,332 $908,816
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