Village Apartments of Cherry Hill NJ Inc

Analysis

Village Apartments of Cherry Hill NJ Inc is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Village Apartments of Cherry Hill NJ Inc reported income of $2.0m and spending of $2.3m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.0m (+5.8%), an average of +1.4% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Village Apartments of Cherry Hill NJ Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Camphill Hudson Inc ($2.0m), Barb City Manor Inc ($2.0m) and Jaycee-Hdc Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $41k (1.8% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.1m against liabilities of $6.0m, net assets of -$2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.