Roosevelt Senior Citizens Housing Corporation
Roosevelt Senior Citizens Housing Corporation: Stable Operations, High Administrative Costs
EIN: 222307887 · Roosevelt, NJ · NTEE: L22 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $316K |
| Total Expenses | $293K |
| Program Spending | 30% |
| Net Assets | $-282,220 |
| Transparency Score | 70/100 |
Is Roosevelt Senior Citizens Housing Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Roosevelt Senior Citizens Housing Corporation directs 30% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Roosevelt Senior Citizens Housing Corporation
Roosevelt Senior Citizens Housing Corporation (EIN: 222307887) is a nonprofit organization based in Roosevelt, NJ, classified under NTEE code L22. The organization reported total revenue of $316K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roosevelt Senior Citizens Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roosevelt Senior Citizens Housing Corporation is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2010–2022). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $403K |
| Total Expenses | $293K |
| Surplus / Deficit | +$110K |
| Total Assets | $1.3M |
| Total Liabilities | $1.6M |
| Net Assets | $-282,220 |
| Operating Margin | 27.3% |
| Debt-to-Asset Ratio | 121.6% |
| Months of Reserves | 53.5 months |
Financial Health Grade: A
In 2022, Roosevelt Senior Citizens Housing Corporation reported a surplus of $110K with revenue exceeding expenses, holds 53.5 months of operating reserves (strong position), has a debt-to-asset ratio of 121.6% (high leverage).
Financial Trends
Over 13 years of filings (2010–2022), Roosevelt Senior Citizens Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +10.0% | -31.9% | -11.4% |
| 2021 | +11.9% | +9.8% | -4.7% |
| 2020 | -8.3% | -0.5% | -3.8% |
| 2019 | -1.5% | -3.8% | -2.6% |
| 2018 | +4.0% | -1.6% | -5.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Roosevelt Senior Citizens Housing Corporation with a Mission Score of 70 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: 60%
- programs: 30%
- fundraising: 10%
According to IRS 990 filings, Roosevelt Senior Citizens Housing Corporation allocates its expenses as follows: admin: 60%, programs: 30%, fundraising: 10%. Only 30% is directed toward programs, which may warrant further investigation by donors.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $110K, with revenue exceeding expenses.
- Debt-to-asset ratio: 121.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a direct assessment difficult without further filings.
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 Roosevelt Senior Citizens Housing Corporation's IRS 990 filings:
- Administrative expenses consistently represent a significant portion of total expenses, with 'x' (expenses) at $292,757 in 2022 compared to 'r' (revenue) at $402,543, suggesting a high overhead.
- The organization's assets have been steadily declining from $1,967,629 in 2015 to $1,305,909 in 2022, which could indicate long-term financial challenges or asset depreciation.
Strengths
The following positive indicators were identified for Roosevelt Senior Citizens Housing Corporation:
- Consistent revenue generation over the years, with revenue of $402,543 in 2022, demonstrates operational stability.
- The organization maintains a positive asset base, with assets of $1,305,909 in 2022, indicating financial solvency.
Frequently Asked Questions about Roosevelt Senior Citizens Housing Corporation
Is Roosevelt Senior Citizens Housing Corporation a legitimate charity?
Roosevelt Senior Citizens Housing Corporation (EIN: 222307887) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $316K. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Roosevelt Senior Citizens Housing Corporation spend its money?
Roosevelt Senior Citizens Housing Corporation directs 30% of its spending to programs and services. Fundraising costs 10%. This falls below the 65% benchmark.
Are donations to Roosevelt Senior Citizens Housing Corporation tax-deductible?
Roosevelt Senior Citizens Housing Corporation is registered as a tax-exempt nonprofit (EIN: 222307887). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Roosevelt Senior Citizens Housing Corporation's spending goes to programs?
Roosevelt Senior Citizens Housing Corporation directs 30% to programs, 10% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Roosevelt Senior Citizens Housing Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Roosevelt Senior Citizens Housing Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Roosevelt Senior Citizens Housing Corporation located?
Roosevelt Senior Citizens Housing Corporation is headquartered in Roosevelt, New Jersey and files with the IRS under EIN 222307887. It is classified under NTEE code L22.
How many years of IRS 990 filings does Roosevelt Senior Citizens Housing Corporation have?
Roosevelt Senior Citizens Housing Corporation 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 $316K in total revenue.
What does Roosevelt Senior Citizens Housing Corporation do?
Roosevelt Senior Citizens Housing Corporation is a nonprofit organization in the Housing & Shelter sector, located in Roosevelt, New Jersey. It is classified under NTEE code L22.
How much revenue does Roosevelt Senior Citizens Housing Corporation have?
Roosevelt Senior Citizens Housing Corporation reported total revenue of $315,831. Based on 13 IRS 990 filings on record.
What are Roosevelt Senior Citizens Housing Corporation's total assets?
Roosevelt Senior Citizens Housing Corporation holds total assets of $1,276,556 as reported in IRS 990 filings.
Where is Roosevelt Senior Citizens Housing Corporation located?
Roosevelt Senior Citizens Housing Corporation is based in Roosevelt, New Jersey.
What is Roosevelt Senior Citizens Housing Corporation's EIN?
Roosevelt Senior Citizens Housing Corporation's Employer Identification Number (EIN) is 222307887. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Roosevelt Senior Citizens Housing Corporation?
Roosevelt Senior Citizens Housing Corporation is classified under NTEE code L22 (Housing & Shelter).
Is Roosevelt Senior Citizens Housing Corporation a registered 501(c)(3)?
Yes, Roosevelt Senior Citizens Housing Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222307887.
Does Roosevelt Senior Citizens Housing Corporation file IRS Form 990?
Yes, Roosevelt Senior Citizens Housing Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Roosevelt Senior Citizens Housing Corporation's revenue in 2022?
In the 202212 filing period, Roosevelt Senior Citizens Housing Corporation reported total revenue of $402,543, total expenses of $292,757, and net assets of $1,305,909.
Is Roosevelt Senior Citizens Housing Corporation's revenue growing or declining?
Roosevelt Senior Citizens Housing Corporation's revenue is growing. Revenue went from $365,936 (202112) to $402,543 (202212), a +10.0% change. Based on 13 filings on record.
What is Roosevelt Senior Citizens Housing Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Roosevelt Senior Citizens Housing Corporation covers tax period 202212. It shows revenue of $402,543, expenses of $292,757, total assets of $1,305,909, and liabilities of $1,588,129.
How much does Roosevelt Senior Citizens Housing Corporation spend on programs vs administration?
Based on IRS 990 analysis, Roosevelt Senior Citizens Housing Corporation allocates approximately 30% of expenses to program services, 60% to administrative costs, and 10% to fundraising. Overhead costs appear high relative to program spending.
Is Roosevelt Senior Citizens Housing Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Roosevelt Senior Citizens Housing Corporation appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Roosevelt Senior Citizens Housing Corporation?
The following concerns were identified: Administrative expenses consistently represent a significant portion of total expenses, with 'x' (expenses) at $292,757 in 2022 compared to 'r' (revenue) at $402,543, suggesting a high overhead.. The organization's assets have been steadily declining from $1,967,629 in 2015 to $1,305,909 in 2022, which could indicate long-term financial challenges or asset depreciation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Roosevelt Senior Citizens Housing Corporation's strengths?
Positive indicators for Roosevelt Senior Citizens Housing Corporation include: Consistent revenue generation over the years, with revenue of $402,543 in 2022, demonstrates operational stability.. The organization maintains a positive asset base, with assets of $1,305,909 in 2022, indicating financial solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Roosevelt Senior Citizens Housing Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a direct assessment difficult without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in assets and high administrative costs, what strategies are in place to ensure the long-term sustainability and mission impact of Roosevelt Senior Citizens Housing Corporation?
Without detailed program spending, it's challenging to assess the direct impact of expenses on beneficiaries. The high administrative costs relative to revenue suggest a need for efficiency improvements or a re-evaluation of operational structure to ensure more resources are directed towards direct services for senior citizens.
Filing History
IRS 990 filing history for Roosevelt Senior Citizens Housing Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2010–2022), Roosevelt Senior Citizens Housing Corporation's revenue has declined by 2.4%, moving from $412K to $403K. Total assets increased by 21.3% over the same period, from $1.1M to $1.3M. Total functional expenses fell by 5.7%, from $311K to $293K. In its most recent filing year (2022), Roosevelt Senior Citizens Housing Corporation reported a surplus of $110K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $1.3M in assets (debt-to-asset ratio: 121.6%), resulting in net assets of $-282,220.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $403K | $293K | $1.3M | $1.6M | — | — |
| 2021 | $366K | $430K | $1.5M | $1.9M | — | View 990 |
| 2020 | $327K | $392K | $1.5M | $1.9M | — | — |
| 2019 | $357K | $393K | $1.6M | $1.9M | — | View 990 |
| 2018 | $362K | $409K | $1.7M | $1.9M | — | View 990 |
| 2017 | $348K | $416K | $1.7M | $1.9M | — | — |
| 2016 | $344K | $425K | $1.8M | $1.9M | — | View 990 |
| 2015 | $258K | $312K | $2.0M | $2.0M | — | View 990 |
| 2014 | $326K | $322K | $1.0M | $985K | — | View 990 |
| 2013 | $320K | $312K | $1.0M | $995K | — | View 990 |
| 2012 | $322K | $289K | $1.0M | $999K | — | View 990 |
| 2011 | $319K | $289K | $991K | $1.0M | — | View 990 |
| 2010 | $412K | $311K | $1.1M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $403K, expenses of $293K, and assets of $1.3M (revenue +10.0% year-over-year).
- 2021: Revenue of $366K, expenses of $430K, and assets of $1.5M (revenue +11.9% year-over-year).
- 2020: Revenue of $327K, expenses of $392K, and assets of $1.5M (revenue -8.3% year-over-year).
- 2019: Revenue of $357K, expenses of $393K, and assets of $1.6M (revenue -1.5% year-over-year).
- 2018: Revenue of $362K, expenses of $409K, and assets of $1.7M (revenue +4.0% year-over-year).
- 2017: Revenue of $348K, expenses of $416K, and assets of $1.7M (revenue +1.2% year-over-year).
- 2016: Revenue of $344K, expenses of $425K, and assets of $1.8M (revenue +33.2% year-over-year).
- 2015: Revenue of $258K, expenses of $312K, and assets of $2.0M (revenue -20.8% year-over-year).
- 2014: Revenue of $326K, expenses of $322K, and assets of $1.0M (revenue +2.0% year-over-year).
- 2013: Revenue of $320K, expenses of $312K, and assets of $1.0M (revenue -0.7% year-over-year).
- 2012: Revenue of $322K, expenses of $289K, and assets of $1.0M (revenue +0.9% year-over-year).
- 2011: Revenue of $319K, expenses of $289K, and assets of $991K (revenue -22.7% year-over-year).
- 2010: Revenue of $412K, expenses of $311K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roosevelt Senior Citizens Housing Corporation:
Data Sources and Methodology
This transparency report for Roosevelt 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.