Highland Park Affordable Housing Corporation

Analysis

Highland Park Affordable Housing Corporation is a registered charity in United States, based in Highland Park, NJ. It received its IRS tax-exemption ruling in August 2015, 11 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 March 2022, Highland Park Affordable Housing Corporation reported income of $306k and spending of $362k, spending 118% of what it took in. Across the 4 years on record, from March 2019 to March 2022, income grew from $144k to $306k (+112%), an average of +28% a year. The sharpest change came in the year to March 2020, when income rose by 78%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highland Park Affordable Housing Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 68th percentile within NJ. Charities of a similar size with the same main cause include Coolidge Court Inc ($306k), Mission Accomplished ($306k) and Guardian Angel Life Services Inc ($306k).

Other salaries and wages came to $25k. At year end it held assets of $5.9m against liabilities of $2.0m, net assets of $3.9m.