Reformed Church of Highland Park Affordable Housing Corporation

Analysis

Reformed Church of Highland Park Affordable Housing Corporation is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Reformed Church of Highland Park Affordable Housing Corporation reported income of $23.9m and spending of $24.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $23.9m (+804%), an average of +73% a year. The sharpest change came in the year to December 2022, when income rose by 116%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reformed Church of Highland Park Affordable Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Area Resources for Community and Human Services ($23.9m), Westminster Village Inc ($23.9m) and Williamsburg Infant and Early Childhood Development Center Inc ($23.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $209k (0.9% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $15.2m against liabilities of $17.8m, net assets of -$2.6m. It reported 226 employees.