Pequannock Township Senior Citizens Housing Corp
Pequannock Senior Housing: Stable Finances, High Program Spending
EIN: 222222901 · Pequannock, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $15.8M |
| Transparency Score | 85/100 |
Is Pequannock Township Senior Citizens Housing Corp Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pequannock Township Senior Citizens Housing Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pequannock Township Senior Citizens Housing Corp
Pequannock Township Senior Citizens Housing Corp (EIN: 222222901) is a nonprofit organization based in Pequannock, NJ. The organization reported total revenue of $2.4M and total assets of $16.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pequannock Township Senior Citizens Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pequannock Township Senior Citizens Housing Corp is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$169K |
| Total Assets | $16.0M |
| Total Liabilities | $197K |
| Net Assets | $15.8M |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 86.5 months |
Financial Health Grade: A
In 2023, Pequannock Township Senior Citizens Housing Corp reported a surplus of $169K with revenue exceeding expenses, holds 86.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pequannock Township Senior Citizens Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.8% | +3.6% | +1.0% |
| 2022 | +5.7% | +17.9% | +1.6% |
| 2021 | +4.6% | +20.9% | +2.7% |
| 2020 | +18.7% | -17.6% | +2.8% |
| 2019 | +2.8% | +19.2% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
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 Pequannock Township Senior Citizens Housing Corp with a Mission Score of 85 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Pequannock Township Senior Citizens Housing Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $169K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the organization consistently reports 0% lobbying costs, suggesting a focus on direct services rather than advocacy that might involve high executive salaries for lobbying efforts.
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 Pequannock Township Senior Citizens Housing Corp:
- Consistent revenue generation over several years, with 2023 revenue at $2,424,637.
- Strong asset base, reaching $16,118,307 in 2023, indicating financial stability.
- High percentage of expenses dedicated to programs, demonstrating a commitment to its mission.
- Low administrative and fundraising costs, maximizing impact per dollar.
- Consistent financial reporting over many years, indicating good governance.
Frequently Asked Questions about Pequannock Township Senior Citizens Housing Corp
Is Pequannock Township Senior Citizens Housing Corp a legitimate charity?
Pequannock Township Senior Citizens Housing Corp (EIN: 222222901) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Pequannock Township Senior Citizens Housing Corp spend its money?
Pequannock Township Senior Citizens Housing Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Pequannock Township Senior Citizens Housing Corp tax-deductible?
Pequannock Township Senior Citizens Housing Corp is registered as a tax-exempt nonprofit (EIN: 222222901). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pequannock Township Senior Citizens Housing Corp's spending goes to programs?
Pequannock Township Senior Citizens Housing Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Pequannock Township Senior Citizens Housing Corp located?
Pequannock Township Senior Citizens Housing Corp is headquartered in Pequannock, New Jersey and files with the IRS under EIN 222222901.
How many years of IRS 990 filings does Pequannock Township Senior Citizens Housing Corp have?
Pequannock Township Senior Citizens Housing Corp 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 $2.4M in total revenue.
What does Pequannock Township Senior Citizens Housing Corp do?
Pequannock Township Senior Citizens Housing Corp is a nonprofit organization in the Unknown sector, located in Pequannock, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Pequannock Township Senior Citizens Housing Corp have?
Pequannock Township Senior Citizens Housing Corp reported total revenue of $2,424,637. Based on 13 IRS 990 filings on record.
What are Pequannock Township Senior Citizens Housing Corp's total assets?
Pequannock Township Senior Citizens Housing Corp holds total assets of $16,118,307 as reported in IRS 990 filings.
Where is Pequannock Township Senior Citizens Housing Corp located?
Pequannock Township Senior Citizens Housing Corp is based in Pequannock, New Jersey.
What is Pequannock Township Senior Citizens Housing Corp's EIN?
Pequannock Township Senior Citizens Housing Corp's Employer Identification Number (EIN) is 222222901. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pequannock Township Senior Citizens Housing Corp?
Pequannock Township Senior Citizens Housing Corp is classified under NTEE code Unknown (Unknown).
Is Pequannock Township Senior Citizens Housing Corp a registered 501(c)(3)?
Pequannock Township Senior Citizens Housing Corp appears in IRS records (EIN: 222222901). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Pequannock Township Senior Citizens Housing Corp file IRS Form 990?
Yes, Pequannock Township Senior Citizens Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Pequannock Township Senior Citizens Housing Corp's revenue in 2023?
In the 202312 filing period, Pequannock Township Senior Citizens Housing Corp reported total revenue of $2,389,990, total expenses of $2,221,423, and net assets of $16,009,888.
Is Pequannock Township Senior Citizens Housing Corp's revenue growing or declining?
Pequannock Township Senior Citizens Housing Corp's revenue is relatively stable. Revenue went from $2,371,790 (202212) to $2,389,990 (202312), a +0.8% change. Based on 13 filings on record.
What is Pequannock Township Senior Citizens Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Pequannock Township Senior Citizens Housing Corp covers tax period 202312. It shows revenue of $2,389,990, expenses of $2,221,423, total assets of $16,009,888, and liabilities of $196,975.
How much does Pequannock Township Senior Citizens Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Pequannock Township Senior Citizens Housing Corp allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Pequannock Township Senior Citizens Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Pequannock Township Senior Citizens Housing Corp appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Pequannock Township Senior Citizens Housing Corp's strengths?
Positive indicators for Pequannock Township Senior Citizens Housing Corp include: Consistent revenue generation over several years, with 2023 revenue at $2,424,637.. Strong asset base, reaching $16,118,307 in 2023, indicating financial stability.. High percentage of expenses dedicated to programs, demonstrating a commitment to its mission.. Low administrative and fundraising costs, maximizing impact per dollar.. Consistent financial reporting over many years, indicating good governance.. These findings are derived from AI analysis of the organization's financial filings.
How does Pequannock Township Senior Citizens Housing Corp compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the organization consistently reports 0% lobbying costs, suggesting a focus on direct services rather than advocacy that might involve high executive salaries for lobbying efforts. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent growth in assets and revenue, what specific strategies does the organization employ to maintain its financial health and ensure long-term sustainability for senior housing?
While the data shows consistent growth, the specific strategies for maintaining financial health and long-term sustainability are not detailed. Further investigation into their investment policies, endowment management, and funding sources beyond general revenue would be necessary.
With a significant asset base, how does the organization ensure that these assets are being optimally utilized to directly benefit the senior residents, beyond just maintaining the housing facilities?
The provided data indicates a strong asset base, but it doesn't specify how these assets are leveraged beyond facility maintenance. Information on resident support programs, amenity enhancements, or direct financial aid funded by these assets would provide a clearer picture of their optimal utilization.
Filing History
IRS 990 filing history for Pequannock Township Senior Citizens Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pequannock Township Senior Citizens Housing Corp's revenue has grown by 54.2%, moving from $1.6M to $2.4M. Total assets increased by 3.5% over the same period, from $15.5M to $16.0M. Total functional expenses rose by 75.2%, from $1.3M to $2.2M. In its most recent filing year (2023), Pequannock Township Senior Citizens Housing Corp reported a surplus of $169K, with revenue exceeding expenses. The organization holds $197K in liabilities against $16.0M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $16.0M | $197K | — | — |
| 2022 | $2.4M | $2.1M | $15.8M | $205K | — | — |
| 2021 | $2.2M | $1.8M | $15.6M | $184K | — | View 990 |
| 2020 | $2.1M | $1.5M | $15.2M | $198K | — | — |
| 2019 | $1.8M | $1.8M | $14.8M | $429K | — | View 990 |
| 2018 | $1.8M | $1.5M | $15.1M | $730K | — | View 990 |
| 2017 | $1.7M | $1.5M | $15.1M | $1.0M | — | View 990 |
| 2016 | $1.5M | $1.3M | $15.2M | $1.2M | — | View 990 |
| 2015 | $1.5M | $1.3M | $15.3M | $1.5M | — | View 990 |
| 2014 | $1.5M | $1.3M | $15.3M | $1.7M | — | View 990 |
| 2013 | $1.5M | $1.3M | $15.4M | $1.9M | — | View 990 |
| 2012 | $1.6M | $1.2M | $15.6M | $2.1M | — | View 990 |
| 2011 | $1.6M | $1.3M | $15.5M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $16.0M (revenue +0.8% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.1M, and assets of $15.8M (revenue +5.7% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.8M, and assets of $15.6M (revenue +4.6% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.5M, and assets of $15.2M (revenue +18.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $14.8M (revenue +2.8% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.5M, and assets of $15.1M (revenue +3.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.5M, and assets of $15.1M (revenue +13.2% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.3M, and assets of $15.2M (revenue +1.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $15.3M (revenue +1.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.3M, and assets of $15.3M (revenue -1.1% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.3M, and assets of $15.4M (revenue -6.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.2M, and assets of $15.6M (revenue +1.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.3M, and assets of $15.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pequannock Township Senior Citizens Housing Corp:
Data Sources and Methodology
This transparency report for Pequannock Township Senior Citizens Housing Corp 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.