Second Westfield Senior Citizens Housing Corporation

Analysis

Second Westfield Senior Citizens Housing Corporation is a registered charity in United States, based in Westfield, NJ. It received its IRS tax-exemption ruling in March 2013, 13 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Second Westfield Senior Citizens Housing Corporation reported income of $1.5m and spending of $1.6m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-0.5%), an average of -0.1% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Second Westfield Senior Citizens Housing Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Greater Minnesota Management ($1.5m), Older American Housing in Spotswood Inc ($1.6m) and Agape Homes CDC ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $488k. At year end it held assets of $5.9m against liabilities of $8.9m, net assets of -$3.0m. It reported 10 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.