Weehawken Senior Housing Rehabilitation Corporation

Analysis

Weehawken Senior Housing Rehabilitation Corporation is a registered charity in United States, based in Weehawken, NJ. It received its IRS tax-exemption ruling in March 1998, 28 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, Weehawken Senior Housing Rehabilitation Corporation reported income of $425k and spending of $449k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $447k to $425k (-4.9%), an average of -1.3% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Weehawken Senior Housing Rehabilitation Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Opportunities Unlimited of Erie ($425k), Luther House IV Inc ($425k) and 24-7 House Inc ($425k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.6% and program service revenue 94% of the total. Other salaries and wages came to $55k. At year end it held assets of $2.9m against liabilities of $1.5m, net assets of $1.4m.

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.