Montclair Shared Housing Association Inc

Analysis

Montclair Shared Housing Association Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in May 1992, 34 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, Montclair Shared Housing Association Inc reported income of $437k and spending of $436k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $387k to $437k (+13%), an average of +3.1% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montclair Shared Housing Association Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Access Senior Housing of Willington Inc ($437k), Westminster Jefferson Park Housing ($437k) and Greencastle of Sterling Inc ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $72k (16% of expenses). Other salaries and wages came to $127k. At year end it held assets of $555k against liabilities of $576k, net assets of -$21k. It reported 8 employees.