Caring Incorporated EIN 22-2178791

Caring Incorporated

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Provides care and support for frail, impaired, and disabled individuals of all ages. For fiscal year 2025 it reported $20.6M in revenue, $35.5M in expenses, and $23.1M in net assets.Pt I

Founded
1977
Type
Public charity (501(c)(3)) · Housing
Location
Atlantic City, NJ
Website
www.caringinc.org
Filings
6 on file (2020–2025)
Revenue
$20.6MFY2025
Expenses
$35.5M
Net assets
$23.1M
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  22-2178791 Public charity (501(c)(3)) Atlantic City, NJ Founded 1977
Form 990 (PDF)
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Figures match the IRS filing checked 8/10/26 · see original: IRS
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Size
$10–100M
What they do
Provides care and support for frail, impaired, and disabled individuals of all ages.
Leadership
Joseph Dougherty Esq. · Pres and Exec Director Ope · $587K
Money in and out
$20.6M revenue, $35.5M expenses
Bottom line
85% program efficiency
Where the money goes · FY2025
Total revenue
$20.6M
Pt VIII · Ln 12
Total expenses
$35.5M
Pt IX · Ln 25
Net assets
$23.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14.9M
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -9% vs prior filing year
Operating runway
13.9mo
months of highly liquid reserves at operating expense rate▼ -84% vs prior filing year
Surplus margin
-72%
revenue over expenses, this year▼ -264% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$20.6M
FY2025▲ +60%
Expenses
$35.5M
FY2025▲ +393%
Total assets
$72.0M
FY2025▼ -8%
Total liabilities
$48.9M
FY2025▲ +21%
Total revenue
$20.6M
Pt VIII · Ln 12
Total expenses
$35.5M
Pt IX · Ln 25
Net assets
$23.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14.9M
Total assetsPt X · Ln 16$72.0M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $20.3M of program spending, described in the organization's own filed words · FY2024.
01

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.

$10.6Mprogram expense
02

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…

$4.9Mprogram expense
03

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.

$4.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCaring Incorporated
EINHdr · item D22-2178791
Principal addressHdr · item CAtlantic City, NJ
WebsiteHdr · item Jwww.caringinc.org
Year of formationHdr · item L1977
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Pres and Exec Director Ope
$586,520Pt VII · Sec A
VP and Exec Director Finan
$530,430Pt VII · Sec A
Controller
$325,479Pt VII · Sec A
Safety Director
$111,426Pt VII · Sec A
Transportation Director
$108,282Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Joseph Dougherty ESQ’s $587K as Pres and Exec Director Ope is at the 96th percentile of top reported officer pay among 672 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Joseph Dougherty ESQ$586,520$558,774$602,109$408,743$403,652$278,502
Brian P Curran$530,430$502,577$538,272$364,226$349,432$278,502
Thomas Thompson$325,479$316,145$349,439$231,015$236,393$172,589
Barbara Jewell$32,503$31,785$32,503$113,133$136,106
Ellen Flynn$111,426
Daniel Lugo$108,282
Anthony Harris$3,250

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$17.8M · 86%
Investment income$2.3M · 11%
Contributions & grants$496K · 2%
Program service revenue86%$17.8M
Investment income11%$2.3M
Contributions & grants2%$496K
Other revenue$21K
— government grantsLn 1e$1K
Total revenueLn 12$20.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$30.1M
Management & general15%$5.3M
Total functional expensesLn 25$35.5M

Balance Sheet

Part X · end of year
CashLn 1$4.1M
Total assetsLn 16$72.0M
Total liabilitiesLn 26$48.9M
Total net assetsLn 32$23.1M
Months of cash on handcomputed1.4

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $41.0M · Operating expenses/yr $35.5M
13.9 months
Where the money goes
Program services
Program services $30.1M · Total expenses $35.5M
85%
Management & General
Management & general $5.3M · Total expenses $35.5M
15%
Fundraising
Fundraising $0 · Total expenses $35.5M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $165K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $496K · Total revenue $20.6M
2%
Government reliance
Government grants $1K · Total revenue $20.6M
<0.01%
Earned-income share
Program service revenue $17.8M · Total revenue $20.6M
86%
Investment reliance
Investment income $2.3M · Total revenue $20.6M
+11%
Program self-sufficiency
Program service revenue $17.8M · Total expenses $35.5M
50%
Growth & trend
Revenue growth (YoY)
This year $20.6M · Prior year $12.9M
+60%
Revenue CAGR
FY2019 $10.1M · FY2024 $20.6M
+15%
Net-asset trend (YoY)
End of year $23.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $20.6M · Expenses $35.5M
-72%
Liabilities-to-Assets
Total liabilities — · Total assets $72.0M
Net-asset ratio
Net assets $23.1M · Total assets $72.0M
32%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $36.8M · Other securities (Pt X, ln 12) $154K · Total assets (Pt X, ln 16) $72.0M
51%
People & payroll
Highest Reported Total Compensation
Individual Joseph Dougherty ESQ · Reported title Pres and Exec Director Ope · Highest reported compensation $587K · Total expenses $35.5M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.9M · Total expenses $35.5M
17%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 60%
Legal fee ratio 0.1%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$20.6M revenue · viewing · ⤓ 990 PDF
FY2024$12.9M revenue · ⤓ 990 PDF
FY2023$12.6M revenue · ⤓ 990 PDF
FY2022$10.5M revenue · ⤓ 990 PDF
FY2021$8.9M revenue · ⤓ 990 PDF
FY2020$10.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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