Abiding Peace Senior Housing Corp

Analysis

Abiding Peace Senior Housing Corp is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in January 1994, 32 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, Abiding Peace Senior Housing Corp reported income of $1.3m and spending of $1.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+11%), an average of +2.6% a year. Over the whole period it spent 129% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Abiding Peace Senior Housing Corp sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Lenawee Emergency and Affordable Housing Corp ($1.3m), Habitat for Humanity International Inc ($1.3m) and Eddies House Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 90% of the total. Other salaries and wages came to $196k. At year end it held assets of $7.6m against liabilities of $892k, net assets of $6.7m. It reported 11 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.