Holy Rosary Senior Residence Inc

Analysis

Holy Rosary Senior Residence Inc is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in June 1999, 27 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 2023, Holy Rosary Senior Residence Inc reported income of $688k and spending of $949k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $632k to $688k (+8.9%), an average of +2.2% 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, Holy Rosary 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 78th percentile within NJ. Charities of a similar size with the same main cause include Robinson Affordable Housing Inc ($688k), R-Lcoa Housing Development Corporation Inc ($689k) and Mueller Foundation ($688k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $3.3m against liabilities of $188k, net assets of $3.1m.

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.