Cooperative Housing Corporation

Analysis

Cooperative Housing Corporation is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in March 1992, 34 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, Cooperative Housing Corporation reported income of $659k and spending of $705k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $704k to $659k (-6.4%), an average of -1.6% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cooperative Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Housing Opportunities & Management Enterprises Inc ($659k), Housing Partnership ($659k) and Dechantal Apartments ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $348k. At year end it held assets of $2.2m against liabilities of $1.9m, net assets of $219k. It reported 9 employees.

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.