Ridgewood Senior Citizens Housing Corporation Inc

Analysis

Ridgewood Senior Citizens Housing Corporation Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in July 1980, 46 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, Ridgewood Senior Citizens Housing Corporation Inc reported income of $281k and spending of $118k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $281k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 612%. Over the whole period it spent 23% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ridgewood Senior Citizens Housing Corporation Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Salem Rotary Foundation ($281k), Michiana Leadership Center Inc ($281k) and Little League Baseball Inc ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% of the total. At year end it held assets of $12.4m against liabilities of $4,370, net assets of $12.4m.