Central Jersey Housing Resource Center Corp

Analysis

Central Jersey Housing Resource Center Corp is a registered charity in United States, based in Somerville, NJ. It received its IRS tax-exemption ruling in August 1989, 37 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, Central Jersey Housing Resource Center Corp reported income of $740k and spending of $707k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $584k to $740k (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Jersey Housing Resource Center Corp sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include L C Hotchkiss Terrace ($740k), Wyandanch Homes and Property Development Corporation ($741k) and Hope Network Affordable Independent Living NPHC ($740k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $110k (16% of expenses). Other salaries and wages came to $388k. At year end it held assets of $616k against liabilities of $85k, net assets of $531k. It reported 13 employees.