Passaic Affordable Housing Coalition

Analysis

Passaic Affordable Housing Coalition is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in July 2014, 12 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, Passaic Affordable Housing Coalition reported income of $632k and spending of $678k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $559k to $632k (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Passaic Affordable Housing Coalition sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Housing for the Elderly of Henderson County Inc ($632k), Montana Pioneer Manor ($633k) and Dunn Road Manor Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 38% of the total. Other salaries and wages came to $368k. At year end it held assets of $1.6m against liabilities of $757k, net assets of $865k.