West Long Branch Senior Citizens Housing Corporation

Analysis

West Long Branch Senior Citizens Housing Corporation is a registered charity in United States, based in West Long Branch, NJ. It received its IRS tax-exemption ruling in March 1977, 49 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 (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, West Long Branch Senior Citizens Housing Corporation reported income of $2.0m and spending of $1.9m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+21%), an average of +4.8% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, West Long Branch Senior Citizens Housing Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Grand Concourse East Housing Development Fund Corporation ($2.0m), Briarcliff Oaks Inc ($2.0m) and Midwest Affordable Housing Corporation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 44% of the total. Other salaries and wages came to $449k. At year end it held assets of $3.9m against liabilities of $205k, net assets of $3.7m. It reported 18 employees.