Morris County Affordable Housing Corporation

Analysis

Morris County Affordable Housing Corporation is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in October 1995, 31 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, Morris County Affordable Housing Corporation reported income of $145k and spending of $138k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $75k to $145k (+94%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 226%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morris County Affordable Housing Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Salishan Apartments ($144k), Grandview Senior Housing Inc ($145k) and Suzannes Comfort Care Home Inc ($144k).

Compensation of current officers, directors and key employees was $7,982 (5.8% of expenses). At year end it held assets of $2.2m against liabilities of $313k, net assets of $1.9m. It reported 2 employees.