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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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

CARING, Inc. is a Christian based organization serving the frail, impaired aged and disabled, young adults.

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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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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