Ridgefield Park Senior Citizen Housing Assoc

Analysis

Ridgefield Park Senior Citizen Housing Assoc is a registered charity in United States, based in Ridgefield Park, NJ. It received its IRS tax-exemption ruling in August 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridgefield Park Senior Citizen Housing Assoc reported income of $779k and spending of $796k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $544k to $779k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridgefield Park Senior Citizen Housing Assoc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Worcester New Horizons Inc ($779k), Bathgate-Belmont Apartment Housing Development Fund Corp Inc ($779k) and Peninsula Housing Development Inc Xiii ($778k).

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 $49k. At year end it held assets of $2.0m against liabilities of $2.9m, net assets of -$988k. It reported 1 employees.