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Hotgs INC

Tax-deductible

Basking Ridge, NJ501(c)(3)Since 2023Housing EIN 88-1926650Revenue $9.7M in FY2024

On file with the IRS8000 Fellowship Road, 07920-3915 · Basking Ridge, NJTax-exempt since Dec 2022Publicly supported charity — 170(b)(1)(A)(vi)

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To create innovative opportunities to enrich the lives of older adults

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 10 volunteers and 111 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
1 of 2
filings with a surplus
Average surplus $521K a year · 7% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Plus $18.1M in investments, Pt X · Ln 11–13
Fine: 0.5 months of spending in cash, plus $18.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $4.2M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.0M
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 11 voting members
Looks good: 10 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.7M
+85% vs prior year
Spent
$8.4M
To programs
85%
Net assets
$33.6M
By yearFY2023–FY2024
Revenue
$9.7M
FY2024▲ +85%
Tap a bar for its year
Revenue by fiscal year
FY2023$5.2M
FY2024$9.7M
Expenses
$8.4M
FY2024▲ +54%
Tap a bar for its year
Expenses by fiscal year
FY2023$5.5M
FY2024$8.4M
Net assets
$33.6M
FY2024▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2023$36.3M
FY2024$33.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2022.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $7.2M Management & general 15% · $1.2M

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Stan Morin
Chairman
$0Pt VII · Sec A
Jeff Zenna
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Hotgs INC executive salaries →

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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 15aNo

Programs and updates

Enriching older adults' lives through innovative opportunities.

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Provided by the organization

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1 program · $7.2M · in their own filed words · FY2024
01

House of the good shepherd operates a continuing care retirement community providing housing, health care, and other related services to elderly residents through the operation of assisted living and independent living residences. There are 45 units of independent living located in our main building and on the grounds.

$7.2Mprogram 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 · FY2024
Fellowshiplife Foundation INCFY2024$4.2M
Total grants receivedfrom 1 funder$4.2M

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$9.7M
Ln 12
Fees for servicesLn 2g$5.2M
Gifts and grantsLn 1h$4.2M
Other incomeLn 4–11$295K
Money outPt IX
$8.4M
Ln 25
Programscol B$7.2M
Managementcol C$1.2M
Owns and owesPt X
$33.6M
net assets · Ln 32
Cash and savingsLn 1–2$339K
Total assetsLn 16$44.6M
LiabilitiesLn 26$11.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Fees for servicesLn 2g$5.2M
Investment incomeLn 3$13K
Other incomeLn 4–11$295K
Gains on assetsLn 7−$11K
Total revenueLn 12$9.7M
Assets in detailPt X, end of year
CashLn 1$279K
SavingsLn 2$60K
Cash and savings togetherLn 1–2$339K
InvestmentsLn 11–13$18.1M
Land, buildings, equipmentLn 10c$25.5M
Total assetsLn 16$44.6M
LiabilitiesLn 26$11.0M
Net assetsLn 32$33.6M
OperationsPt I, VI
EmployeesI 5111
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$57K$339K
InvestmentsLn 11–13$22.1M$18.1M
Land, buildings, equipmentLn 10c$24.0M$25.5M
Total assetsLn 16$46.2M$44.6M
LiabilitiesLn 26$9.9M$11.0M
Net assetsLn 32$36.3M$33.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.5M$2.5M
Other employee benefitsLn 9$342K$342K
Payroll taxesLn 10$225K$225K
Management feesLn 11a$487K$487K
Legal feesLn 11b$33K$33K
Other fees for servicesLn 11g$713K$713K
Advertising and promotionLn 12$278K$278K
Office expensesLn 13$189K$189K
Information technologyLn 14$49K$49K
OccupancyLn 16$457K$457K
TravelLn 17$7K$7K
InterestLn 20$456K$456K
Depreciation, depletion and amortizationLn 22$1.9M$1.9M
InsuranceLn 23$146K$146K
Other expenses (24a–d)Ln 24$585K$585K
All other expensesLn 24e$85K$85K
Total functional expensesLn 25$8.4M$7.2M$1.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.7M$8.4M$1.3M$33.6M 990 PDF
FY2023 $5.2M$5.5M−$241K$36.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $9,689,964 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,905,949$4,178,359
I-9 Program service revenuePrior year $3,116,641$5,204,194
I-10 Investment incomePrior year $4,943$12,805
I-11 Other revenuePrior year $203,441$294,606
I-12 Total revenuePrior year $5,230,974$9,689,964
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 $2,079,391$3,031,119
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,392,438$5,376,174
I-18 Total expensesPrior year $5,471,829$8,407,293
I-19 Revenue less expensesPrior year −$240,855$1,282,671
Part VI · Governance 10 of 11 board members independent, 1 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $9,689,964 across 9 lines filed
Lines not itemized here account for $179,394 of total revenue; see the IRS return.
VIII-1d Related organizations$4,177,829
VIII-1f All other contributions, gifts and grants$530
VIII-1h Total contributions, gifts and grants$4,178,359
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,204,194$5,204,194
VIII-3 Investment incomeExcluded from tax $24,168$24,168
VIII-6 Net rental income or lossExcluded from tax $14,890$14,890
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$11,363−$11,363
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $100,322$100,322
VIII-12 Total revenueRelated to mission $5,204,194 · Unrelated business $0 · Excluded from tax $307,411$9,689,964
Part IX · Statement of functional expenses $8,407,293 across 16 lines filed
IX-7 Other salaries and wagesPrograms $2,464,513$2,464,513
IX-9 Other employee benefitsPrograms $341,689$341,689
IX-10 Payroll taxesPrograms $224,917$224,917
IX-11a Management feesManagement $486,626$486,626
IX-11b Legal feesManagement $32,614$32,614
IX-11g Other fees for servicesManagement $712,639$712,639
IX-12 Advertising and promotionPrograms $278,104$278,104
IX-13 Office expensesPrograms $189,233$189,233
IX-14 Information technologyPrograms $48,813$48,813
IX-16 OccupancyPrograms $456,571$456,571
IX-17 TravelPrograms $7,111$7,111
IX-20 InterestPrograms $456,297$456,297
IX-22 Depreciation, depletion and amortizationPrograms $1,891,270$1,891,270
IX-23 InsurancePrograms $146,272$146,272
IX-24 Other expenses (24a–d)Programs $585,227$585,227
IX-24e All other expensesPrograms $85,397$85,397
IX-25 Total functional expensesPrograms $7,175,414 · Management $1,231,879 · Fundraising $0$8,407,293
Part X · Balance sheet $44,606,837 assets, 16 lines filed
X-1 Cash, non-interest-bearing$279,054
X-2 Savings and temporary cash investmentsStart of year $56,583$59,755
X-4 Accounts receivableStart of year −$34,865$536,281
X-9 Prepaid expenses and deferred chargesStart of year $103,392$107,098
X-10c Land, buildings and equipment, netStart of year $23,953,318$25,477,295
X-11 Publicly traded securitiesStart of year $816,329$929,799
X-13 Program-related investmentsStart of year $21,326,500$17,217,555
X-16 Total assetsStart of year $46,221,257$44,606,837
X-17 Accounts payable and accrued expensesStart of year $1,160,363$1,506,312
X-19 Deferred revenueStart of year $367,484$505,863
X-25 Other liabilitiesStart of year $931,720$1,864,294
X-26 Total liabilitiesStart of year $9,883,583$11,037,873
X-27 Net assets without donor restrictionsStart of year $35,894,317$33,125,607
X-28 Net assets with donor restrictionsStart of year $443,357$443,357
X-32 Total net assets or fund balancesStart of year $36,337,674$33,568,964
X-33 Total liabilities and net assetsStart of year $46,221,257$44,606,837
Part XI · Reconciliation of net assets $33,568,964 net assets at year end
XI-1 Total revenue$9,689,964
XI-2 Total expenses$8,407,293
XI-3 Revenue less expenses$1,282,671
XI-4 Net assets at start of year$36,337,674
XI-5 Net unrealized gains (losses) on investments$57,564
XI-9 Other changes in net assets−$4,108,945
XI-10 Net assets at end of year$33,568,964

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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