South Orange Moderate Income Housing Corp

Analysis

South Orange Moderate Income Housing Corp is a registered charity in United States, based in Livingston, NJ. It received its IRS tax-exemption ruling in April 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, South Orange Moderate Income Housing Corp reported income of $1.2m and spending of $1.5m, spending 128% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $1.2m to $1.2m (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2020, when income rose by 98%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, South Orange Moderate Income Housing Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include National Association for Armenian Studies and Research Inc ($1.2m), Habitat for Humanity International Inc ($1.2m) and Foundation of the Daniel Boone Regional Library ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $217k. At year end it held assets of $4.6m against liabilities of $6.6m, net assets of -$2.0m.

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.