Linden Housing Corporation

Analysis

Linden Housing Corporation is a registered charity in United States, based in Linden, NJ. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Linden Housing Corporation reported income of $2.3m and spending of $2.1m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.4m to $2.3m (-1.8%), an average of -0.5% a year. The sharpest change came in the year to September 2022, when income dropped by 30%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linden Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Rural Housing Development Corporation ($2.3m), Habitat for Humanity of Goldsboro- Wayne Inc ($2.3m) and Community Housing and Shelter of Stanislaus County ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 67% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $274k (13% of expenses). Other salaries and wages came to $783k. At year end it held assets of $33.1m against liabilities of $22.6m, net assets of $10.5m.