Ridgefield Park Senior Citizen Housing Assoc
Ridgefield Park Senior Citizen Housing Assoc: Stable Operations, Low Overhead
EIN: 222789580 · Ridgefield Park, NJ · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $838K |
| Total Expenses | $796K |
| Program Spending | 90% |
| Net Assets | $-988,114 |
| Transparency Score | 75/100 |
Is Ridgefield Park Senior Citizen Housing Assoc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ridgefield Park Senior Citizen Housing Assoc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ridgefield Park Senior Citizen Housing Assoc
Ridgefield Park Senior Citizen Housing Assoc (EIN: 222789580) is a nonprofit organization based in Ridgefield Park, NJ, classified under NTEE code L22Z. The organization reported total revenue of $838K and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridgefield Park Senior Citizen Housing Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ridgefield Park Senior Citizen Housing Assoc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $779K |
| Total Expenses | $796K |
| Surplus / Deficit | $-17,046 |
| Total Assets | $2.0M |
| Total Liabilities | $2.9M |
| Net Assets | $-988,114 |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 150.6% |
| Months of Reserves | 29.4 months |
Financial Health Grade: C
In 2023, Ridgefield Park Senior Citizen Housing Assoc reported a deficit of $17K with expenses exceeding revenue, holds 29.4 months of operating reserves (strong position), has a debt-to-asset ratio of 150.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ridgefield Park Senior Citizen Housing Assoc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | -17.3% | +7.1% |
| 2022 | +21.1% | +86.5% | +9.5% |
| 2021 | +5.9% | +0.9% | +2.4% |
| 2020 | +3.6% | -7.2% | +1.0% |
| 2019 | -1.7% | +9.8% | -2.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Ridgefield Park Senior Citizen Housing Assoc 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, Ridgefield Park Senior Citizen Housing Assoc 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 deficit of $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 150.6%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, suggesting a volunteer-led organization or that compensation falls below reporting thresholds, which is positive for resource allocation.
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 Ridgefield Park Senior Citizen Housing Assoc:
- Consistent revenue generation over several years, with 2023 revenue at $838,467.
- Healthy asset base of over $2.2 million in 2023, providing financial stability.
- Low administrative and fundraising costs, maximizing resources for programs.
- Stable operations with consistent expenses relative to revenue.
Frequently Asked Questions about Ridgefield Park Senior Citizen Housing Assoc
Is Ridgefield Park Senior Citizen Housing Assoc a legitimate charity?
Ridgefield Park Senior Citizen Housing Assoc (EIN: 222789580) 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: $838K. No red flags identified. 4 strengths noted. Financial health grade: C.
How does Ridgefield Park Senior Citizen Housing Assoc spend its money?
Ridgefield Park Senior Citizen Housing Assoc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Ridgefield Park Senior Citizen Housing Assoc tax-deductible?
Ridgefield Park Senior Citizen Housing Assoc is registered as a tax-exempt nonprofit (EIN: 222789580). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ridgefield Park Senior Citizen Housing Assoc's spending goes to programs?
Ridgefield Park Senior Citizen Housing Assoc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ridgefield Park Senior Citizen Housing Assoc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Ridgefield Park Senior Citizen Housing Assoc is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ridgefield Park Senior Citizen Housing Assoc located?
Ridgefield Park Senior Citizen Housing Assoc is headquartered in Ridgefield Park, New Jersey and files with the IRS under EIN 222789580. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Ridgefield Park Senior Citizen Housing Assoc have?
Ridgefield Park Senior Citizen Housing Assoc 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 $838K in total revenue.
What does Ridgefield Park Senior Citizen Housing Assoc do?
Ridgefield Park Senior Citizen Housing Assoc is a nonprofit organization in the Housing & Shelter sector, located in Ridgefield Park, New Jersey. It is classified under NTEE code L22Z.
How much revenue does Ridgefield Park Senior Citizen Housing Assoc have?
Ridgefield Park Senior Citizen Housing Assoc reported total revenue of $838,467. Based on 13 IRS 990 filings on record.
What are Ridgefield Park Senior Citizen Housing Assoc's total assets?
Ridgefield Park Senior Citizen Housing Assoc holds total assets of $2,211,814 as reported in IRS 990 filings.
Where is Ridgefield Park Senior Citizen Housing Assoc located?
Ridgefield Park Senior Citizen Housing Assoc is based in Ridgefield Park, New Jersey.
What is Ridgefield Park Senior Citizen Housing Assoc's EIN?
Ridgefield Park Senior Citizen Housing Assoc's Employer Identification Number (EIN) is 222789580. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ridgefield Park Senior Citizen Housing Assoc?
Ridgefield Park Senior Citizen Housing Assoc is classified under NTEE code L22Z (Housing & Shelter).
Is Ridgefield Park Senior Citizen Housing Assoc a registered 501(c)(3)?
Yes, Ridgefield Park Senior Citizen Housing Assoc is recognized as a tax-exempt organization by the IRS. EIN: 222789580.
Does Ridgefield Park Senior Citizen Housing Assoc file IRS Form 990?
Yes, Ridgefield Park Senior Citizen Housing Assoc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Ridgefield Park Senior Citizen Housing Assoc's revenue in 2023?
In the 202312 filing period, Ridgefield Park Senior Citizen Housing Assoc reported total revenue of $779,200, total expenses of $796,246, and net assets of $1,952,687.
Is Ridgefield Park Senior Citizen Housing Assoc's revenue growing or declining?
Ridgefield Park Senior Citizen Housing Assoc's revenue is growing. Revenue went from $722,503 (202212) to $779,200 (202312), a +7.8% change. Based on 13 filings on record.
What is Ridgefield Park Senior Citizen Housing Assoc's most recent 990 filing?
The most recent IRS Form 990 filing for Ridgefield Park Senior Citizen Housing Assoc covers tax period 202312. It shows revenue of $779,200, expenses of $796,246, total assets of $1,952,687, and liabilities of $2,940,801.
How much does Ridgefield Park Senior Citizen Housing Assoc spend on programs vs administration?
Based on IRS 990 analysis, Ridgefield Park Senior Citizen Housing Assoc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Ridgefield Park Senior Citizen Housing Assoc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ridgefield Park Senior Citizen Housing Assoc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Ridgefield Park Senior Citizen Housing Assoc's strengths?
Positive indicators for Ridgefield Park Senior Citizen Housing Assoc include: Consistent revenue generation over several years, with 2023 revenue at $838,467.. Healthy asset base of over $2.2 million in 2023, providing financial stability.. Low administrative and fundraising costs, maximizing resources for programs.. Stable operations with consistent expenses relative to revenue.. These findings are derived from AI analysis of the organization's financial filings.
How does Ridgefield Park Senior Citizen Housing Assoc compensate executives?
Executive compensation is not reported in the provided filings, suggesting a volunteer-led organization or that compensation falls below reporting thresholds, which is positive for resource allocation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the lack of reported executive compensation impact the organization's operational model and sustainability?
The absence of reported executive compensation suggests a highly efficient, potentially volunteer-led operational model, which significantly reduces overhead. While this maximizes program spending, it could pose a succession planning challenge if key leadership roles are not formally compensated or documented.
Filing History
IRS 990 filing history for Ridgefield Park Senior Citizen Housing Assoc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ridgefield Park Senior Citizen Housing Assoc's revenue has grown by 46.1%, moving from $533K to $779K. Total assets increased by 126.8% over the same period, from $861K to $2.0M. Total functional expenses rose by 35%, from $590K to $796K. In its most recent filing year (2023), Ridgefield Park Senior Citizen Housing Assoc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $2.0M in assets (debt-to-asset ratio: 150.6%), resulting in net assets of $-988,114.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $779K | $796K | $2.0M | $2.9M | — | — |
| 2022 | $723K | $963K | $1.8M | $2.8M | — | View 990 |
| 2021 | $597K | $516K | $1.7M | $2.4M | — | View 990 |
| 2020 | $564K | $512K | $1.6M | $2.4M | — | — |
| 2019 | $544K | $552K | $1.6M | $2.5M | — | View 990 |
| 2018 | $553K | $502K | $1.7M | $2.5M | — | View 990 |
| 2017 | $575K | $410K | $1.7M | $2.6M | — | View 990 |
| 2016 | $560K | $499K | $549K | $1.6M | — | View 990 |
| 2015 | $569K | $508K | $572K | $1.7M | — | View 990 |
| 2014 | $553K | $592K | $643K | $1.8M | — | View 990 |
| 2013 | $546K | $552K | $745K | $1.9M | — | View 990 |
| 2012 | $538K | $496K | $806K | $2.0M | — | View 990 |
| 2011 | $533K | $590K | $861K | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $779K, expenses of $796K, and assets of $2.0M (revenue +7.8% year-over-year).
- 2022: Revenue of $723K, expenses of $963K, and assets of $1.8M (revenue +21.1% year-over-year).
- 2021: Revenue of $597K, expenses of $516K, and assets of $1.7M (revenue +5.9% year-over-year).
- 2020: Revenue of $564K, expenses of $512K, and assets of $1.6M (revenue +3.6% year-over-year).
- 2019: Revenue of $544K, expenses of $552K, and assets of $1.6M (revenue -1.7% year-over-year).
- 2018: Revenue of $553K, expenses of $502K, and assets of $1.7M (revenue -3.7% year-over-year).
- 2017: Revenue of $575K, expenses of $410K, and assets of $1.7M (revenue +2.5% year-over-year).
- 2016: Revenue of $560K, expenses of $499K, and assets of $549K (revenue -1.5% year-over-year).
- 2015: Revenue of $569K, expenses of $508K, and assets of $572K (revenue +3.0% year-over-year).
- 2014: Revenue of $553K, expenses of $592K, and assets of $643K (revenue +1.3% year-over-year).
- 2013: Revenue of $546K, expenses of $552K, and assets of $745K (revenue +1.4% year-over-year).
- 2012: Revenue of $538K, expenses of $496K, and assets of $806K (revenue +0.9% year-over-year).
- 2011: Revenue of $533K, expenses of $590K, and assets of $861K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ridgefield Park Senior Citizen Housing Assoc:
Data Sources and Methodology
This transparency report for Ridgefield Park Senior Citizen Housing Assoc 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.