New Community Hudson Senior Housing Corporation

Analysis

New Community Hudson Senior Housing Corporation is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in January 1996, 30 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, New Community Hudson Senior Housing Corporation reported income of $1.4m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $831k to $1.4m (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Community Hudson Senior Housing Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Interfaith Outreach Home Inc ($1.4m), Bedford 203 Housing Development Fund Corporation ($1.4m) and Lawrence Senior Housing Corporation ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $160k. At year end it held assets of $4.4m against liabilities of $734k, net assets of $3.6m.