Hillsdale Senior Housing Corp

Analysis

Hillsdale Senior Housing Corp is a registered charity in United States, based in Hillsdale, NJ. It received its IRS tax-exemption ruling in December 1983, 43 years ago. 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 March 2024, Hillsdale Senior Housing Corp reported income of $1.7m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.5m to $1.7m (+12%), an average of +2.8% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hillsdale Senior Housing Corp 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 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Breast Center ($1.7m), Morehouse Council on Aging Inc ($1.7m) and Elnorah Inc ($1.7m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $2.2m against liabilities of $4.2m, net assets of -$2.0m.