Union Senior Residents Housing Corporation

Analysis

Union Senior Residents Housing Corporation is a registered charity in United States, based in Union, NJ. It received its IRS tax-exemption ruling in February 1973, 53 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, Union Senior Residents Housing Corporation reported income of $191k and spending of $45k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $112k to $191k (+71%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Union Senior Residents Housing Corporation sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Asi Freeport Inc ($191k), Morning Calm Inc ($191k) and Hebrew Seniorlife Affiliated Medical Group Inc ($191k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 1.9% of the total. At year end it held assets of $4.5m against liabilities of $225k, net assets of $4.2m.