Habcore INC FY2020 filing

Tax-deductible

Red Bank, NJ501(c)(3)Since 1988EIN 52-1596165Revenue $3.9M in FY2020

On file with the IRShabcore.orgPo Box 2361, 07701-0908 · Red Bank, NJTax-exempt since Apr 1989Publicly supported charity — 170(b)(1)(A)(vi)

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Provide permanent housing & support for low-income, homeless individuals.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$307K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $391K a year · 8% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$307K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $41K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
22
of 23 voting members
Looks good: 22 of 23 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
Spent
$3.6M
To programs
95%
Net assets
$2.5M
By yearFY2020–FY2024
Revenue
$3.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.9M
FY2021$4.2M
FY2022$5.0M
FY2023$5.0M
FY2024$6.3M
Expenses
$3.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.6M
FY2021$4.0M
FY2022$4.4M
FY2023$4.6M
FY2024$5.7M
Net assets
$2.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.5M
FY2021$2.7M
FY2022$3.2M
FY2023$3.6M
FY2024$4.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $3.4M Management & general 2% · $83K Fundraising 3% · $107K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $307K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$133,000Pt VII · Sec A
Associate Director
$88,700Pt VII · Sec A
Director of Fund Dev & Com
$85,700Pt VII · Sec A
$0Pt VII · Sec A
Advisory Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Steve Heisman$150,110$149,109$168,239$143,900$133,000
Catherine Lord—$101,000$92,831$82,154$88,700
Marta Quinn—$84,000$90,000$90,000$85,700
Kate Ryan—$38,179———

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers permanent housing and support to low-income, homeless individuals.

Questions for Habcore INC

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Provided by the organization

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1 program · $3.4M · in their own filed words · FY2020
01

To provide homes, shelters, homesteads and other facilities for homeless persons with low-income AND/OR persons who are disadvantaged, disabled, unemployed or otherwise unable to care for themselves.

$3.4Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$41K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$766K
Other incomeLn 4–11$208K
Money outPt IX
$3.6M
Ln 25
Programscol B$3.4M
Managementcol C$83K
Fundraisingcol D$107K
Owns and owesPt X
$2.5M
net assets · Ln 32
Cash and savingsLn 1–2$838K
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
24
listed · VII A
PaidVII A3
Voting boardVI 1a23
IndependentVI 1b22
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$766K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$13K
Other incomeLn 4–11$208K
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$778K
SavingsLn 2$60K
Cash and savings togetherLn 1–2$838K
InvestmentsLn 11–13$317K
Land, buildings, equipmentLn 10c$3.4M
Other assetsLn 15$50K
Total assetsLn 16$4.6M
LiabilitiesLn 26$2.2M
Net assetsLn 32$2.5M
OperationsPt I, VI
EmployeesI 536
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$341K$838K
InvestmentsLn 11–13$275K$317K
Land, buildings, equipmentLn 10c$2.8M$3.4M
Total assetsLn 16$3.8M$4.6M
LiabilitiesLn 26$1.7M$2.2M
Net assetsLn 32$2.1M$2.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$307K$307K
Pay of disqualified personsLn 6$602K$471K$58K$73K
Other employee benefitsLn 9$48K$41K$5K$2K
Payroll taxesLn 10$88K$75K$6K$7K
Legal feesLn 11b$14K$14K
Accounting feesLn 11c$42K$42K$276$350
Office expensesLn 13$7K$2K$2K$3K
OccupancyLn 16$1.7M$1.7M$3K$3K
TravelLn 17$6K$5K$170$42
Conferences, conventions and meetingsLn 19$247$120$78$49
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$136K$136K
InsuranceLn 23$71K$70K$365$283
Other expenses (24a–d)Ln 24$352K$352K
All other expensesLn 24e$140K$114K$8K$18K
Total functional expensesLn 25$3.6M$3.4M$83K$107K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.3M$5.7M$520K$4.2M 990 PDF
FY2023 $5.0M$4.6M$388K$3.6M 990 PDF
FY2022 $5.0M$4.4M$558K$3.2M 990 PDF
FY2021 $4.2M$4.0M$176K$2.7M 990 PDF
FY2020 Viewing $3.9M$3.6M$315K$2.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,880,589 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $652,795$766,331
I-9 Program service revenuePrior year $2,707,126$2,892,827
I-10 Investment incomePrior year $15,729$13,091
I-11 Other revenuePrior year $88,266$208,340
I-12 Total revenuePrior year $3,463,916$3,880,589
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $926,444$1,044,943
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,306,593$2,520,709
I-18 Total expensesPrior year $3,233,037$3,565,652
I-19 Revenue less expensesPrior year $230,879$314,937
Part VI · Governance 22 of 23 board members independent, 2 to look at
VI-1a Voting members of the governing body23
VI-1b Independent voting members22
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,880,589 across 8 lines filed
VIII-1c Fundraising events$5,500
VIII-1f All other contributions, gifts and grants$760,831
VIII-1h Total contributions, gifts and grants$766,331
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,892,827$2,892,827
VIII-3 Investment incomeExcluded from tax $13,091$13,091
VIII-8 Net income from fundraising eventsExcluded from tax $14,561$14,561
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $193,779$193,779
VIII-12 Total revenueRelated to mission $3,086,606 · Unrelated business $0 · Excluded from tax $27,652$3,880,589
Part IX · Statement of functional expenses $3,565,652 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $307,400$307,400
IX-6 Pay of disqualified personsPrograms $471,377 · Management $57,751 · Fundraising $72,741$601,869
IX-9 Other employee benefitsPrograms $41,052 · Management $4,510 · Fundraising $2,343$47,905
IX-10 Payroll taxesPrograms $75,162 · Management $5,602 · Fundraising $7,005$87,769
IX-11b Legal feesPrograms $14,473$14,473
IX-11c Accounting feesPrograms $41,644 · Management $276 · Fundraising $350$42,270
IX-13 Office expensesPrograms $2,103 · Management $2,475 · Fundraising $2,812$7,390
IX-16 OccupancyPrograms $1,734,070 · Management $3,250 · Fundraising $3,250$1,740,570
IX-17 TravelPrograms $5,384 · Management $170 · Fundraising $42$5,596
IX-19 Conferences, conventions and meetingsPrograms $120 · Management $78 · Fundraising $49$247
IX-20 InterestPrograms $11,580$11,580
IX-22 Depreciation, depletion and amortizationPrograms $135,740$135,740
IX-23 InsurancePrograms $70,263 · Management $365 · Fundraising $283$70,911
IX-24 Other expenses (24a–d)Programs $352,160$352,160
IX-24e All other expensesPrograms $113,656 · Management $8,293 · Fundraising $17,823$139,772
IX-25 Total functional expensesPrograms $3,376,184 · Management $82,770 · Fundraising $106,698$3,565,652
Part X · Balance sheet $4,635,729 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $293,695$778,178
X-2 Savings and temporary cash investmentsStart of year $47,228$59,955
X-4 Accounts receivableStart of year $321,302$0
X-9 Prepaid expenses and deferred chargesStart of year $24,272$27,952
X-10c Land, buildings and equipment, netStart of year $2,810,349$3,402,378
X-11 Publicly traded securitiesStart of year $243,993$286,807
X-12 Other securitiesStart of year $30,591$30,361
X-15 Other assetsStart of year $73,773$50,098
X-16 Total assetsStart of year $3,845,203$4,635,729
X-17 Accounts payable and accrued expensesStart of year $33,212$61,092
X-19 Deferred revenueStart of year $21,940$15,311
X-25 Other liabilitiesStart of year $117,061$1,485
X-26 Total liabilitiesStart of year $1,728,967$2,176,063
X-27 Net assets without donor restrictionsStart of year $1,624,379$2,018,150
X-28 Net assets with donor restrictionsStart of year $491,857$441,516
X-32 Total net assets or fund balancesStart of year $2,116,236$2,459,666
X-33 Total liabilities and net assetsStart of year $3,845,203$4,635,729
Part XI · Reconciliation of net assets $2,459,666 net assets at year end
XI-1 Total revenue$3,880,589
XI-2 Total expenses$3,565,652
XI-3 Revenue less expenses$314,937
XI-4 Net assets at start of year$2,116,236
XI-5 Net unrealized gains (losses) on investments$28,493
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,459,666

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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