Cranbury Housing Associates
Cranbury Housing Associates: Stable Operations, Declining Revenue Trend
EIN: 221735465 · Cranbury, NJ · NTEE: L210 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Program Spending | 80% |
| Net Assets | $3.7M |
| Transparency Score | 75/100 |
Is Cranbury Housing Associates Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cranbury Housing Associates directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cranbury Housing Associates
Cranbury Housing Associates (EIN: 221735465) is a nonprofit organization based in Cranbury, NJ, classified under NTEE code L210. The organization reported total revenue of $1.3M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cranbury Housing Associates's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cranbury Housing Associates is a mid-size nonprofit that has been operating for 58 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-208,896 |
| Total Assets | $7.8M |
| Total Liabilities | $4.1M |
| Net Assets | $3.7M |
| Operating Margin | -17.0% |
| Debt-to-Asset Ratio | 52.2% |
| Months of Reserves | 65.3 months |
Financial Health Grade: C
In 2023, Cranbury Housing Associates reported a deficit of $209K with expenses exceeding revenue, holds 65.3 months of operating reserves (strong position), has a debt-to-asset ratio of 52.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cranbury Housing Associates's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.4% | -2.1% | -4.1% |
| 2022 | -11.9% | +15.7% | -4.8% |
| 2021 | -1.0% | -0.1% | -1.6% |
| 2020 | +1.7% | -5.7% | +0.5% |
| 2019 | -45.5% | -10.4% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1968 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cranbury Housing Associates with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Cranbury Housing Associates allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $209K, with expenses exceeding revenue.
- Debt-to-asset ratio: 52.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, suggesting either pro-bono leadership or compensation is categorized under other expense lines, warranting clarification.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cranbury Housing Associates's IRS 990 filings:
- Significant decline in revenue from $3,638,697 in 2017 to $1,326,771 in 2023 without clear explanation.
- Consistent reporting of 0% compensation for highest paid employees, which is unusual for an organization of this size and age.
- Total expenses consistently exceed total revenue in recent years (e.g., 2023: revenue $1,226,702, expenses $1,435,598), leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Cranbury Housing Associates:
- Consistent asset base, generally above $7 million, indicating financial stability despite revenue fluctuations.
- Long-standing presence in Cranbury, NJ, suggesting established community trust and operational history.
- Relatively stable liabilities over several years, indicating consistent debt management.
Frequently Asked Questions about Cranbury Housing Associates
Is Cranbury Housing Associates a legitimate charity?
Cranbury Housing Associates (EIN: 221735465) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Cranbury Housing Associates spend its money?
Cranbury Housing Associates directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Cranbury Housing Associates tax-deductible?
Cranbury Housing Associates is registered as a tax-exempt nonprofit (EIN: 221735465). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cranbury Housing Associates's spending goes to programs?
Cranbury Housing Associates directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cranbury Housing Associates compare to similar nonprofits?
With a transparency score of 75/100 (Good), Cranbury Housing Associates is above average for NTEE category L210 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cranbury Housing Associates located?
Cranbury Housing Associates is headquartered in Cranbury, New Jersey and files with the IRS under EIN 221735465. It is classified under NTEE code L210.
How many years of IRS 990 filings does Cranbury Housing Associates have?
Cranbury Housing Associates has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.3M in total revenue.
What does Cranbury Housing Associates do?
Cranbury Housing Associates is a nonprofit organization in the Housing & Shelter sector, located in Cranbury, New Jersey. It is classified under NTEE code L210.
How much revenue does Cranbury Housing Associates have?
Cranbury Housing Associates reported total revenue of $1,326,771. Based on 13 IRS 990 filings on record.
What are Cranbury Housing Associates's total assets?
Cranbury Housing Associates holds total assets of $7,621,578 as reported in IRS 990 filings.
Where is Cranbury Housing Associates located?
Cranbury Housing Associates is based in Cranbury, New Jersey.
What is Cranbury Housing Associates's EIN?
Cranbury Housing Associates's Employer Identification Number (EIN) is 221735465. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cranbury Housing Associates?
Cranbury Housing Associates is classified under NTEE code L210 (Housing & Shelter).
Is Cranbury Housing Associates a registered 501(c)(3)?
Yes, Cranbury Housing Associates is recognized as a tax-exempt organization by the IRS. EIN: 221735465.
Does Cranbury Housing Associates file IRS Form 990?
Yes, Cranbury Housing Associates has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Cranbury Housing Associates's revenue in 2023?
In the 202312 filing period, Cranbury Housing Associates reported total revenue of $1,226,702, total expenses of $1,435,598, and net assets of $7,809,926.
Is Cranbury Housing Associates's revenue growing or declining?
Cranbury Housing Associates's revenue is growing. Revenue went from $1,072,030 (202212) to $1,226,702 (202312), a +14.4% change. Based on 13 filings on record.
What is Cranbury Housing Associates's most recent 990 filing?
The most recent IRS Form 990 filing for Cranbury Housing Associates covers tax period 202312. It shows revenue of $1,226,702, expenses of $1,435,598, total assets of $7,809,926, and liabilities of $4,075,619.
How much does Cranbury Housing Associates spend on programs vs administration?
Based on IRS 990 analysis, Cranbury Housing Associates allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Cranbury Housing Associates a trustworthy charity?
Based on AI analysis of IRS 990 data, Cranbury Housing Associates appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Cranbury Housing Associates?
The following concerns were identified: Significant decline in revenue from $3,638,697 in 2017 to $1,326,771 in 2023 without clear explanation.. Consistent reporting of 0% compensation for highest paid employees, which is unusual for an organization of this size and age.. Total expenses consistently exceed total revenue in recent years (e.g., 2023: revenue $1,226,702, expenses $1,435,598), leading to a decrease in net assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cranbury Housing Associates's strengths?
Positive indicators for Cranbury Housing Associates include: Consistent asset base, generally above $7 million, indicating financial stability despite revenue fluctuations.. Long-standing presence in Cranbury, NJ, suggesting established community trust and operational history.. Relatively stable liabilities over several years, indicating consistent debt management.. These findings are derived from AI analysis of the organization's financial filings.
How does Cranbury Housing Associates compensate executives?
Executive compensation is reported as 0% in all available filings, suggesting either pro-bono leadership or compensation is categorized under other expense lines, warranting clarification. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Cranbury Housing Associates?
• The organization consistently reports 0% compensation for its highest paid employees, which requires further investigation to understand how executive functions are compensated. • Financial filings show a consistent decline in total revenue from $3,638,697 in 2017 to $1,326,771 in 2023, raising questions about long-term sustainability. • Liabilities have remained relatively stable, ranging from $4,075,619 to $5,465,394 over the past seven years, indicating consistent debt obligations. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of 0% executive compensation, how does Cranbury Housing Associates attract and retain leadership, and where are the costs associated with executive functions accounted for in their financial statements?
The filings do not explicitly detail how executive functions are compensated or if they are entirely volunteer-based. This lack of transparency around leadership costs is a key area for further inquiry, as it's uncommon for an organization with assets over $7 million to have no reported executive compensation.
What factors contributed to the substantial and consistent decline in total revenue from $3,638,697 in 2017 to $1,326,771 in 2023, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the revenue decline. Understanding whether this is due to changes in funding sources, program scope, or other external factors is crucial for assessing the organization's long-term financial viability and strategic planning.
Filing History
IRS 990 filing history for Cranbury Housing Associates showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cranbury Housing Associates's revenue has grown by 76.5%, moving from $695K to $1.2M. Total assets increased by 168.8% over the same period, from $2.9M to $7.8M. Total functional expenses rose by 92.9%, from $744K to $1.4M. In its most recent filing year (2023), Cranbury Housing Associates reported a deficit of $209K, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $7.8M in assets (debt-to-asset ratio: 52.2%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $7.8M | $4.1M | — | View 990 |
| 2022 | $1.1M | $1.5M | $8.1M | $4.2M | — | View 990 |
| 2021 | $1.2M | $1.3M | $8.5M | $4.3M | — | View 990 |
| 2020 | $1.2M | $1.3M | $8.7M | $4.4M | — | — |
| 2019 | $1.2M | $1.3M | $8.6M | $4.3M | — | View 990 |
| 2018 | $2.2M | $1.5M | $8.9M | $4.4M | — | View 990 |
| 2017 | $3.6M | $730K | $7.9M | $5.5M | — | View 990 |
| 2016 | $702K | $748K | $2.2M | $2.7M | — | View 990 |
| 2015 | $741K | $737K | $2.3M | $2.8M | — | View 990 |
| 2014 | $685K | $738K | $2.4M | $2.9M | — | View 990 |
| 2013 | $668K | $792K | $2.5M | $2.9M | — | View 990 |
| 2012 | $677K | $831K | $2.7M | $3.0M | — | View 990 |
| 2011 | $695K | $744K | $2.9M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $7.8M (revenue +14.4% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.5M, and assets of $8.1M (revenue -11.9% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.3M, and assets of $8.5M (revenue -1.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.3M, and assets of $8.7M (revenue +1.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.3M, and assets of $8.6M (revenue -45.5% year-over-year).
- 2018: Revenue of $2.2M, expenses of $1.5M, and assets of $8.9M (revenue -39.0% year-over-year).
- 2017: Revenue of $3.6M, expenses of $730K, and assets of $7.9M (revenue +418.1% year-over-year).
- 2016: Revenue of $702K, expenses of $748K, and assets of $2.2M (revenue -5.2% year-over-year).
- 2015: Revenue of $741K, expenses of $737K, and assets of $2.3M (revenue +8.1% year-over-year).
- 2014: Revenue of $685K, expenses of $738K, and assets of $2.4M (revenue +2.6% year-over-year).
- 2013: Revenue of $668K, expenses of $792K, and assets of $2.5M (revenue -1.4% year-over-year).
- 2012: Revenue of $677K, expenses of $831K, and assets of $2.7M (revenue -2.6% year-over-year).
- 2011: Revenue of $695K, expenses of $744K, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cranbury Housing Associates:
Data Sources and Methodology
This transparency report for Cranbury Housing Associates is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.