East Orange Housing and Community Development Corporation

Analysis

East Orange Housing and Community Development Corporation is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in May 2016, 10 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, East Orange Housing and Community Development Corporation reported income of $369k and spending of $265k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $369k (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Orange Housing and Community Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 71st percentile within NJ. Charities of a similar size with the same main cause include Lutheran Social Services of Central Ohio Mansfield Housing II Inc ($369k), Kendal Aging ($370k) and Gainesville Housing Development & Management Corp ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $3.5m against liabilities of $1.8m, net assets of $1.7m.