Significant revenue fluctuations observed, from $13,378,019 in 2021 to $78,051 in 2022 and $3,599,177 in 2023, warrant further investigation into funding sources.
The nature of 'net assets' (a: $13,262,826 in 2023) and 'liabilities' (l: $4,370 in 2023) suggests a strong asset base but the source of these assets and the low liabilities should be understood.
Strengths
Consistently strong asset base, with total assets at $13,262,826 in 2023, indicating financial stability.
Very low reported liabilities ($4,370 in 2023), suggesting minimal debt burden.
Consistent reporting of $0 executive compensation, which can be a positive indicator for donor confidence if the organization is effectively managed by volunteers or through other means.
AI Transparency Report
Ridgewood Senior Citizens Housing Corporation Inc is a unknown nonprofit based in Ridgewood, New Jersey, with reported revenue of $3.6M and assets of $13.3M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 90% of spending goes to programs, 5% to administration, and 5% to fundraising. Executive compensation is reported as $0 across all available filings, indicating either a volunteer-led organization or compensation is not reported in this section. Revenue has declined -82% across 13 filing periods.