Housing and Community Development Network of New Jersey Inc

Analysis

Housing and Community Development Network of New Jersey Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in December 1990, 36 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, Housing and Community Development Network of New Jersey Inc reported income of $4.9m and spending of $5.5m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $4.9m (+139%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing and Community Development Network of New Jersey Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Winthrop University Real Estate Foundation Inc ($4.9m), Wyndham ($4.9m) and Woodstock Housing Development Fund Corporation for Senior Citizens ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.5% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $5.4m against liabilities of $1.7m, net assets of $3.7m. It reported 18 employees.