Parsippany Troy Hills Senior Citizens Housing Corporation

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Parsippany Troy Hills Senior Citizens Housing Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Parsippany Troy Hills Senior Citizens Housing Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Parsippany Troy Hills Senior Citizens Housing Corporation in one place.

Is Parsippany Troy Hills Senior Citizens Housing Corporation Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Parsippany Troy Hills Senior Citizens Housing Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Parsippany Troy Hills Senior Citizens Housing Corporation with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Parsippany Troy Hills Senior Citizens Housing Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Parsippany Troy Hills Senior Citizens Housing Corporation

Parsippany Troy Hills Senior Citizens Housing Corporation (EIN: 222295830) is a nonprofit organization based in Collingswood, NJ. The organization reported total revenue of $4.2M and total assets of $24.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parsippany Troy Hills Senior Citizens Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Parsippany Troy Hills Senior Citizens Housing Corporation is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Parsippany Troy Hills Senior Citizens Housing Corporation reported a surplus of $789K with revenue exceeding expenses, holds 98.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Parsippany Troy Hills Senior Citizens Housing Corporation's revenue has grown at a compound annual growth rate (CAGR) of 2.9%.

IRS Tax-Exempt Classification

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 Parsippany Troy Hills Senior Citizens Housing Corporation 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Parsippany Troy Hills Senior Citizens Housing Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $789K, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.9%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, but the consistent 0% fundraising compensation suggests that executive salaries are either very low, non-existent, or covered under administrative expenses without specific disclosure in the provided summary.

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.

Strengths

The following positive indicators were identified for Parsippany Troy Hills Senior Citizens Housing Corporation:

• Consistent revenue growth from $2,768,821 in 2016 to $4,158,487 in 2023.
• Significant asset growth from $12,584,176 in 2016 to $24,726,222 in 2023.
• Low and stable liabilities relative to assets, indicating strong financial stability.
• Efficient operations with a high percentage of expenses likely directed towards programs, given the 0% fundraising compensation.

Frequently Asked Questions about Parsippany Troy Hills Senior Citizens Housing Corporation

Filing History

IRS 990 filing history for Parsippany Troy Hills Senior Citizens Housing Corporation showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Parsippany Troy Hills Senior Citizens Housing Corporation's revenue has grown by 45.1%, moving from $2.4M to $3.5M. Total assets increased by 139.8% over the same period, from $9.4M to $22.4M. Total functional expenses rose by 29.6%, from $2.1M to $2.7M. In its most recent filing year (2023), Parsippany Troy Hills Senior Citizens Housing Corporation reported a surplus of $789K, with revenue exceeding expenses. The organization holds $205K in liabilities against $22.4M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $22.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.5M, expenses of $2.7M, and assets of $22.4M (revenue +1.2% year-over-year).
• 2022: Revenue of $3.5M, expenses of $2.8M, and assets of $19.8M (revenue +4.0% year-over-year).
• 2021: Revenue of $3.3M, expenses of $2.5M, and assets of $21.8M (revenue -0.3% year-over-year).
• 2020: Revenue of $3.3M, expenses of $2.4M, and assets of $19.4M (revenue +0.2% year-over-year).
• 2019: Revenue of $3.3M, expenses of $2.2M, and assets of $17.1M (revenue +7.2% year-over-year).
• 2018: Revenue of $3.1M, expenses of $2.3M, and assets of $14.7M (revenue +4.2% year-over-year).
• 2017: Revenue of $3.0M, expenses of $2.1M, and assets of $14.5M (revenue +8.0% year-over-year).
• 2016: Revenue of $2.8M, expenses of $2.0M, and assets of $12.6M (revenue +2.5% year-over-year).
• 2015: Revenue of $2.7M, expenses of $2.0M, and assets of $11.5M (revenue +2.5% year-over-year).
• 2014: Revenue of $2.6M, expenses of $1.9M, and assets of $10.9M (revenue +1.1% year-over-year).
• 2013: Revenue of $2.6M, expenses of $1.9M, and assets of $10.1M (revenue +4.3% year-over-year).
• 2012: Revenue of $2.5M, expenses of $1.9M, and assets of $9.2M (revenue +4.9% year-over-year).
• 2011: Revenue of $2.4M, expenses of $2.1M, and assets of $8.9M (revenue -1.6% year-over-year).
• 2010: Revenue of $2.4M, expenses of $2.1M, and assets of $9.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Parsippany Troy Hills Senior Citizens Housing Corporation:

Data Sources and Methodology

This transparency report for Parsippany Troy Hills Senior Citizens Housing Corporation 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.