Orange Housing Development Corp

Analysis

Orange Housing Development Corp is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Orange Housing Development Corp reported income of $308k and spending of $414k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $421k to $308k (-27%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orange Housing Development Corp sits at the 47th percentile: it is larger than about 47% 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 Bridge House 11 Corporation ($308k), Rice Lake Housing Authority Inc ($308k) and Olive Community Services Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 45% of the total. Other salaries and wages came to $178k. At year end it held assets of $2.7m against liabilities of $544k, net assets of $2.1m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.