Rising Dove Senior Apartments

Analysis

Rising Dove Senior Apartments is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rising Dove Senior Apartments reported income of $672k and spending of $891k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $582k to $672k (+16%), an average of +3.7% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rising Dove Senior Apartments sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include TNDC Supporting Fund ($672k), Habitat for Humanity International Inc ($672k) and Champ Homes Inc ($672k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $221k. At year end it held assets of $4.5m against liabilities of $84k, net assets of $4.4m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.