Roosevelt Senior Citizens Housing Corporation

Analysis

Roosevelt Senior Citizens Housing Corporation is a registered charity in United States, based in Roosevelt, NJ. It received its IRS tax-exemption ruling in September 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 2022, Roosevelt Senior Citizens Housing Corporation reported income of $403k and spending of $293k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $357k to $403k (+13%), an average of +4.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Roosevelt Senior Citizens Housing Corporation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Columbia Downtown Housing Corporation ($403k), CCHNC Visalia Senior Housing Corporation ($403k) and Lake Como Community of Hope Inc ($402k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 17% of the total. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$282k.