Eagle Rock Senior Citizens Housing Assoc

Analysis

Eagle Rock Senior Citizens Housing Assoc is a registered charity in United States, based in West Orange, NJ. It received its IRS tax-exemption ruling in September 1978, 48 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 March 2024, Eagle Rock Senior Citizens Housing Assoc reported income of $2.8m and spending of $1.8m, leaving 37% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $2.0m to $2.8m (+39%), an average of +8.6% a year. The sharpest change came in the year to March 2024, when income rose by 29%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eagle Rock Senior Citizens Housing Assoc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include First Congregational Memorial Tower ($2.8m), Harmony Home Associated ($2.8m) and Help Initiative Inc ($2.8m).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $114k (6.3% of expenses). At year end it held assets of $5.4m against liabilities of $101k, net assets of $5.3m. It reported 6 employees.