Consistent decline in total assets over the past 8 years, from $9,585,389 in 2016 to $7,455,524 in 2023, warrants further investigation into asset management and depreciation.
Expenses consistently exceed revenue in most years (e.g., 2023: revenue $1,251,537 vs. expenses $1,449,770), leading to net losses and contributing to asset decline.
The high proportion of administrative expenses relative to program spending, given the nature of senior housing, could be a concern if not justified by operational complexities.
Strengths
Consistent revenue stream over the past several years, demonstrating stable income generation.
The organization provides essential senior housing services, fulfilling a critical community need.
AI Transparency Report
Abiding Peace Senior Housing Corp is a housing & shelter nonprofit based in Burlington, New Jersey, with reported revenue of $1.5M and assets of $7.5M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 55% of spending goes to programs, 35% to administration, and 10% to fundraising. Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization or that compensation is not reported in a standard manner for the highest-paid individuals. Revenue has grown +38% across 13 filing periods.