Senior Housing Development Corp of Gloucester County

Analysis

Senior Housing Development Corp of Gloucester County is a registered charity in United States, based in Deptford, NJ. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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, Senior Housing Development Corp of Gloucester County reported income of $707k and spending of $923k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $602k to $707k (+17%), an average of +4.1% a year. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Senior Housing Development Corp of Gloucester County sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Team Elmhurst Soccer Club ($707k), Volunteers of America Inc ($707k) and South Carolina Athletic Coaches Association Inc ($707k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15.0m against liabilities of $1.3m, net assets of $13.7m.

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.