Parsippany Troy Hills Senior Citizens Housing Corporation

Analysis

Parsippany Troy Hills Senior Citizens Housing Corporation is a registered charity in United States, based in Collingswood, NJ. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 December 2023, Parsippany Troy Hills Senior Citizens Housing Corporation reported income of $3.5m and spending of $2.7m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $3.5m (+5.1%), an average of +1.2% a year. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Parsippany Troy Hills Senior Citizens Housing Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Adults Mankind Organization Inc ($3.5m), Nami Ohio ($3.5m) and Center School ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 18% of the total. Other salaries and wages came to $448k. At year end it held assets of $22.4m against liabilities of $205k, net assets of $22.2m. It reported 7 employees.