Is Roselle Senior Citizens Housing Corporation Legit?

Roselle Senior Citizens Housing Corporation demonstrates consistent financial stability, with revenues generally exceeding expenses over the past decade. For instance, in the 202309 period, revenue was $1,931,554 against expenses of $1,862,610, indicating a healthy operating surplus. The organization's assets have shown a gradual decline from a peak of $9,322,018 in 201509 to $7,591,391 in 202309, while liabilities have also decreased, suggesting a managed reduction in debt. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. This practice, combined with regular filing of IRS Form 990s, points to a well-governed and transparent organization. The organization appears to be efficient in its spending, consistently maintaining a surplus. While a detailed breakdown of program, administrative, and fundraising expenses isn't directly provided in the summary data, the overall financial health and the absence of officer compensation suggest a focus on mission-related activities. The NTEE code L22Z (Housing for the Elderly) aligns with its name, indicating a clear programmatic focus. The consistent financial performance and lack of executive compensation suggest that the organization is likely directing a significant portion of its resources to its stated purpose of providing senior citizen housing.