Leonia Retirement Housing Corporation

Analysis

Leonia Retirement Housing Corporation is a registered charity in United States, based in Leonia, NJ. It received its IRS tax-exemption ruling in December 1977, 49 years ago. 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, Leonia Retirement Housing Corporation reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.4m (+11%), an average of +2.6% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leonia Retirement 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 83rd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include American Council on Science and Health ($1.4m), YWCA of Quincy Ill ($1.4m) and Nami Miami-Dade County Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $4.7m against liabilities of $6.9m, net assets of -$2.3m.