HQM Properties Inc

Analysis

HQM Properties Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in February 1992, 34 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 2023, HQM Properties Inc reported income of $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $1.4m to $1.3m (-6.9%), an average of -1.8% a year. The sharpest change came in the year to March 2021, when income rose by 59%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, HQM Properties Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include U S Brownsville III H D F C ($1.3m), Hanover Legion Elderly Housing Corp ($1.3m) and Rebuilding Together North Central Florida Inc ($1.3m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 86% of the total. Other salaries and wages came to $77k. At year end it held assets of $6.9m against liabilities of $3.3m, net assets of $3.7m. It reported 7 employees.