Montclair Senior Housing Corporation

Analysis

Montclair Senior Housing Corporation is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in August 1981, 45 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, Montclair Senior Housing Corporation reported income of $2.2m and spending of $1.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.2m (+5.4%), an average of +1.3% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montclair Senior Housing Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Shiloh Place ($2.2m), Golden Opportunity Living Development ($2.2m) and Assist Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $359k. At year end it held assets of $4.6m against liabilities of $4.5m, net assets of $84k. It reported 8 employees.