Westfield Senior Citizens Housing Corp

Analysis

Westfield Senior Citizens Housing Corp is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in March 1980, 46 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, Westfield Senior Citizens Housing Corp reported income of $4.9m and spending of $7.0m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $4.9m (-4.1%), an average of -1.0% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westfield Senior Citizens Housing Corp sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Rebuilding Together Greater Florida Inc ($4.9m), Evergreen Estates Housing Development Fund Company Inc ($4.9m) and Family Housing Fund ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $270k (3.9% of expenses). Other salaries and wages came to $855k. At year end it held assets of $67.9m against liabilities of $26.1m, net assets of $41.8m. It reported 21 employees.