Homes of Montclair Ecumenical Corp

Analysis

Homes of Montclair Ecumenical Corp is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in August 2024, 2 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 June 2023, Homes of Montclair Ecumenical Corp reported income of $871k and spending of $1.1m, spending 129% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $1.1m to $871k (-18%), an average of -9.3% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes of Montclair Ecumenical Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Neighborhood Housing Service of New Britain Inc ($871k), Open Arms Village Inc ($872k) and New Bridge Place ($871k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $148k (13% of expenses). Other salaries and wages came to $88k. At year end it held assets of $5.3m against liabilities of $5.0m, net assets of $230k. It reported 5 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.