HOMESHARING INC

EIN: 222893508 501(c)(3) Housing & Shelter

BRIDGEWATER, NJ

Total Revenue
$442,382
Total Expenses
$368,501
Total Assets
$372,114
Net Assets
$292,121
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NJ
Principal Officer
COLLEEN MCCARTHY
Phone
9085264663
Tax Period
2025-01-01 to 2025-12-31

HOMESHARING INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $442K in total revenue in fiscal year 2025. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 17% operating margin.

Mission

HOMESHARING'S MISSION IS TO CREATE AFFORDABLE HOUSING SOLUTIONS BY MATCHING THOSE SEEKING HOUSING WITH THOSE WHO NEED ADDITIONAL INCOME OR SERVICES TO MAINTAIN THEIR HOMES, WHILE FOSTERING INDEPENDENCE AND DIGNITY.

Program Service Accomplishments

Program 1
Expenses: $261,889

HOMESHARING IS A SERVICE TO PEOPLE WHO WANT OR NEED TO SHARE THEIR HOMES FOR ECONOMIC, SERVICE OR COMPANIONSHIP REASONS, OR WHO NEED HELP FINDING AFFORDABLE HOUSING. HOMESHARING'S GOAL IS TO MATCH...

Read more

HOMESHARING IS A SERVICE TO PEOPLE WHO WANT OR NEED TO SHARE THEIR HOMES FOR ECONOMIC, SERVICE OR COMPANIONSHIP REASONS, OR WHO NEED HELP FINDING AFFORDABLE HOUSING. HOMESHARING'S GOAL IS TO MATCH HOME PROVIDERS WITH HOME SEEKERS IN SUCH A WAY THAT THE NEED OF BOTH ARE MET. HOMESHARING'S NJ SERVICE AREAS: SOMERSET, HUNTERDON, MIDDLESEX, MORRIS, MONMOUTH, OCEAN, SUSSEX, WARREN, ESSEX, PASSAIC & UNION COUNTIES. PROVIDERS LIVE IN SEPARATE BEDROOMS FROM THE SEEKERS AND SEEKERS LIVE WITHIN THE SERVICE AREAS.SERVICE ARRANGEMENTS INCLUDE BOTH PARTIES MUST BE INDEPENDENT ENOUGH TO MEET THEIR OWN BASIC NEEDS.REDUCED RENT OR EXCHANGE OF HOUSEHOLD CHORES/SERVICES FOR RENT (IN LIEU OF PAYMENT).

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $345,828
Program Service Revenue $0
Investment Income $22,936
Other Revenue $73,618
TOTAL REVENUE $442,382

Expense Breakdown

Grants Paid $0
Salaries & Benefits $257,733
Fundraising Expenses $41,236
Program Expenses $261,889
Other Expenses $110,768
TOTAL EXPENSES $368,501

Year-over-Year Comparison

2025 2024 Change
Revenue $442,382 $326,620 +0.4%
Expenses $368,501 $381,393 0.0%
Net Income $73,881 $-54,773 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
5
Volunteers
18

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
6
$99,623
Total Directors
12
$99,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN MCCARTHY PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL KIRSH VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDRIETTE MATHEWS SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL SHRINER TREASURER 4.00
Officer Director
$0 $0 $0
KAREN THOMAS PAST PRESIDENT 4.00
Officer Director
$0 $0 $0
MARIA AN TRUSTEE 1.00
Director
$0 $0 $0
BRIDGET STILLWELL KENNEDY TRUSTEE 1.00
Director
$0 $0 $0
BRIAN LEVINE TRUSTEE 1.00
Director
$0 $0 $0
CINDI RAND TRUSTEE 1.00
Director
$0 $0 $0
ELLA W TAYLOR TRUSTEE 1.00
Director
$0 $0 $0
SCOTT WIESE TRUSTEE 1.00
Director
$0 $0 $0
STEVEN NAGEL EXECUTIVE DIRECTOR 40.00
Officer Director
$84,622 $15,001 $99,623
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 $442,382 $368,501 $372,114 $73,881
2024 $326,620 $381,393 $296,376 $-54,773
2023 $281,773 $309,167 $360,596 $-27,394
2022 $249,877 $240,148 $396,622 $9,729
2021 $261,731 $238,856 $302,014 $22,875
2020 $312,067 $207,247 $249,969 $104,820
2019 $257,917 $237,518 $133,647 $20,399
2019 $265,143 $236,225 $146,309 $28,918
2018 $208,633 $235,283 $120,098 $-26,650
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HOMESHARING INC with other nonprofits in New Jersey and across the country.