Teterboro I Housing Corporation

Analysis

Teterboro I Housing Corporation is a registered charity in United States, based in Teterboro, NJ. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Teterboro I Housing Corporation reported income of $321k and spending of $283k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $295k to $321k (+8.7%), an average of +2.1% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Teterboro I Housing Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Attorney Street Development Inc ($320k), Giovanni Center Inc ($321k) and Vanmew Housing Development Fund Corp ($320k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.3m against liabilities of $970k, net assets of $287k.