Immaculate Conception Senior Residence Inc

Analysis

Immaculate Conception Senior Residence Inc is a registered charity in United States, based in Elizabeth, NJ. It received its IRS tax-exemption ruling in April 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 June 2024, Immaculate Conception Senior Residence Inc reported income of $715k and spending of $913k, spending 128% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $542k to $715k (+32%), an average of +5.7% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Immaculate Conception Senior Residence Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Erma Cava Housing Development Fund Company Inc ($714k), Utah Center for Affordable Housing ($715k) and Bernalillo County Affordable Housing Non-Profit ($714k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $138k. At year end it held assets of $1.6m against liabilities of $342k, net assets of $1.3m. It reported 3 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.