Woodbridge Affordable Housing Corp

Analysis

Woodbridge Affordable Housing Corp is a registered charity in United States, based in Woodbridge, NJ. It received its IRS tax-exemption ruling in February 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Woodbridge Affordable Housing Corp reported income of $107k and spending of $412k, spending 384% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $171k to $107k (-37%), an average of -11% a year. The sharpest change came in the year to September 2022, when income rose by 62%. Over the whole period it spent 272% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Woodbridge Affordable Housing Corp sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Taunton Revitalization Inc ($107k), Ken-Crest Housing Pa 2009 Inc ($107k) and Springwood Manor Inc ($107k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $15k. At year end it held assets of $1.0m against liabilities of $838, net assets of $1.0m. It reported 2 employees.