Westwood Senior Housing Corp

Analysis

Westwood Senior Housing Corp is a registered charity in United States, based in Westwood, NJ. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Westwood Senior Housing Corp reported income of $3.8m and spending of $2.3m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $3.8m (+72%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 40%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westwood Senior Housing Corp sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Community Housing Solutions of Guilford Inc ($3.8m), Habitat for Humanity International Inc ($3.8m) and 89 South Care Support Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Other salaries and wages came to $564k. At year end it held assets of $7.9m against liabilities of $5.6m, net assets of $2.3m.