Teaneck Senior Citizens Housing

Analysis

Teaneck Senior Citizens Housing is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in October 1978, 48 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, Teaneck Senior Citizens Housing reported income of $3.3m and spending of $2.3m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $35k to $3.3m (+9348%), an average of +212% a year. The sharpest change came in the year to December 2020, when income rose by 1909%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teaneck Senior Citizens Housing sits at the 87th percentile: it is larger than about 87% 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 Rotary Plaza-Hacsc HDC Inc ($3.3m), Walker Senior Housing Corporation III ($3.3m) and Lords Legacy Life Ministries Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 27% of the total. Other salaries and wages came to $375k. At year end it held assets of $11.2m against liabilities of $459k, net assets of $10.7m. It reported 8 employees.