Bloomfield Senior Citizens Housing Corp Felicity Towers

Analysis

Bloomfield Senior Citizens Housing Corp Felicity Towers is a registered charity in United States, based in Bloomfield, NJ. It received its IRS tax-exemption ruling in November 2004, 22 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 December 2023, Bloomfield Senior Citizens Housing Corp Felicity Towers reported income of $2.4m and spending of $1.9m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.4m (+20%), an average of +4.7% a year. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bloomfield Senior Citizens Housing Corp Felicity Towers 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 Daniel Pitino Shelter Inc ($2.4m), Ponce Neighborhood Housing Services Inc ($2.4m) and Historic District Development Corporation ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $50k (2.7% of expenses). Other salaries and wages came to $146k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 4 employees.