The Lena and David T Wilentz Senior Residence Inc

Analysis

The Lena and David T Wilentz Senior Residence Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in January 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 (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, The Lena and David T Wilentz Senior Residence Inc reported income of $1.9m and spending of $1.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+11%), an average of +2.7% a year. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Lena and David T Wilentz Senior Residence Inc 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 Pro Viviendas IV Inc ($1.9m), Hometown Community Development Corporation ($1.9m) and Winchester Retirement Place Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $85k (4.6% of expenses). Other salaries and wages came to $439k. At year end it held assets of $1.7m against liabilities of $2.8m, net assets of -$1.1m. It reported 7 employees.