Senior Citizen Housing Corporation Of Scotch Plains
Senior Citizen Housing Corporation: Stable Operations, Declining Assets
EIN: 223010591 · Princeton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $784K |
| Transparency Score | 75/100 |
Is Senior Citizen Housing Corporation Of Scotch Plains Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Senior Citizen Housing Corporation Of Scotch Plains directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Senior Citizen Housing Corporation Of Scotch Plains
Senior Citizen Housing Corporation Of Scotch Plains (EIN: 223010591) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $1.5M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Senior Citizen Housing Corporation Of Scotch Plains's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Senior Citizen Housing Corporation Of Scotch Plains is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$73K |
| Total Assets | $2.3M |
| Total Liabilities | $1.5M |
| Net Assets | $784K |
| Operating Margin | 6.0% |
| Debt-to-Asset Ratio | 66.1% |
| Months of Reserves | 24.4 months |
Financial Health Grade: A
In 2023, Senior Citizen Housing Corporation Of Scotch Plains reported a surplus of $73K with revenue exceeding expenses, holds 24.4 months of operating reserves (strong position), has a debt-to-asset ratio of 66.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Senior Citizen Housing Corporation Of Scotch Plains's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +6.2% | -10.6% |
| 2022 | -7.8% | +7.8% | -9.3% |
| 2021 | +-0.0% | -1.5% | -2.9% |
| 2020 | +13.0% | +5.9% | -4.0% |
| 2019 | +2.5% | -4.9% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Senior Citizen Housing Corporation Of Scotch Plains 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: 85%
- fundraising: 5%
According to IRS 990 filings, Senior Citizen Housing Corporation Of Scotch Plains 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 $73K, with revenue exceeding expenses.
- Debt-to-asset ratio: 66.1%.
Executive Compensation Analysis
The provided data consistently shows 'c0%' for compensation across all years, suggesting either a fully volunteer-run executive team or that executive compensation is reported under other expense categories, which requires further scrutiny of their full financial statements.
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 Senior Citizen Housing Corporation Of Scotch Plains's IRS 990 filings:
- Consistent decline in total assets from $3,830,876 in 2016 to $2,310,873 in 2023, indicating potential long-term financial challenges or asset divestment.
- The 'c0%' compensation reported across all years is unusual for an organization of this size and requires clarification to ensure transparency regarding leadership compensation.
- Lack of explicit detail on spending breakdown (programs, admin, fundraising) in the provided summary data makes it difficult to assess efficiency without full 990 review.
Strengths
The following positive indicators were identified for Senior Citizen Housing Corporation Of Scotch Plains:
- Consistent revenue generation, with revenues around $1.0M - $1.2M annually, demonstrating stable operational funding.
- Expenses are consistently managed below revenues in most years, indicating sound financial management of day-to-day operations.
- Long operational history with consistent financial reporting, suggesting organizational stability and commitment to transparency through filings.
Frequently Asked Questions about Senior Citizen Housing Corporation Of Scotch Plains
Is Senior Citizen Housing Corporation Of Scotch Plains a legitimate charity?
Senior Citizen Housing Corporation Of Scotch Plains (EIN: 223010591) 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: $1.5M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Senior Citizen Housing Corporation Of Scotch Plains spend its money?
Senior Citizen Housing Corporation Of Scotch Plains directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Senior Citizen Housing Corporation Of Scotch Plains tax-deductible?
Senior Citizen Housing Corporation Of Scotch Plains is registered as a tax-exempt nonprofit (EIN: 223010591). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Senior Citizen Housing Corporation Of Scotch Plains's spending goes to programs?
Senior Citizen Housing Corporation Of Scotch Plains directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Senior Citizen Housing Corporation Of Scotch Plains located?
Senior Citizen Housing Corporation Of Scotch Plains is headquartered in Princeton, New Jersey and files with the IRS under EIN 223010591.
How many years of IRS 990 filings does Senior Citizen Housing Corporation Of Scotch Plains have?
Senior Citizen Housing Corporation Of Scotch Plains 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 $1.5M in total revenue.
What does Senior Citizen Housing Corporation Of Scotch Plains do?
Senior Citizen Housing Corporation Of Scotch Plains is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Senior Citizen Housing Corporation Of Scotch Plains have?
Senior Citizen Housing Corporation Of Scotch Plains reported total revenue of $1,481,869. Based on 13 IRS 990 filings on record.
What are Senior Citizen Housing Corporation Of Scotch Plains's total assets?
Senior Citizen Housing Corporation Of Scotch Plains holds total assets of $2,770,326 as reported in IRS 990 filings.
Where is Senior Citizen Housing Corporation Of Scotch Plains located?
Senior Citizen Housing Corporation Of Scotch Plains is based in Princeton, New Jersey.
What is Senior Citizen Housing Corporation Of Scotch Plains's EIN?
Senior Citizen Housing Corporation Of Scotch Plains's Employer Identification Number (EIN) is 223010591. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Senior Citizen Housing Corporation Of Scotch Plains?
Senior Citizen Housing Corporation Of Scotch Plains is classified under NTEE code Unknown (Unknown).
Is Senior Citizen Housing Corporation Of Scotch Plains a registered 501(c)(3)?
Senior Citizen Housing Corporation Of Scotch Plains appears in IRS records (EIN: 223010591). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Senior Citizen Housing Corporation Of Scotch Plains file IRS Form 990?
Yes, Senior Citizen Housing Corporation Of Scotch Plains has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Senior Citizen Housing Corporation Of Scotch Plains's revenue in 2023?
In the 202312 filing period, Senior Citizen Housing Corporation Of Scotch Plains reported total revenue of $1,209,540, total expenses of $1,136,907, and net assets of $2,310,873.
Is Senior Citizen Housing Corporation Of Scotch Plains's revenue growing or declining?
Senior Citizen Housing Corporation Of Scotch Plains's revenue is growing. Revenue went from $1,141,318 (202212) to $1,209,540 (202312), a +6.0% change. Based on 13 filings on record.
What is Senior Citizen Housing Corporation Of Scotch Plains's most recent 990 filing?
The most recent IRS Form 990 filing for Senior Citizen Housing Corporation Of Scotch Plains covers tax period 202312. It shows revenue of $1,209,540, expenses of $1,136,907, total assets of $2,310,873, and liabilities of $1,526,902.
How much does Senior Citizen Housing Corporation Of Scotch Plains spend on programs vs administration?
Based on IRS 990 analysis, Senior Citizen Housing Corporation Of Scotch Plains allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Senior Citizen Housing Corporation Of Scotch Plains a trustworthy charity?
Based on AI analysis of IRS 990 data, Senior Citizen Housing Corporation Of Scotch Plains appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Senior Citizen Housing Corporation Of Scotch Plains?
The following concerns were identified: Consistent decline in total assets from $3,830,876 in 2016 to $2,310,873 in 2023, indicating potential long-term financial challenges or asset divestment.. The 'c0%' compensation reported across all years is unusual for an organization of this size and requires clarification to ensure transparency regarding leadership compensation.. Lack of explicit detail on spending breakdown (programs, admin, fundraising) in the provided summary data makes it difficult to assess efficiency without full 990 review.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Senior Citizen Housing Corporation Of Scotch Plains's strengths?
Positive indicators for Senior Citizen Housing Corporation Of Scotch Plains include: Consistent revenue generation, with revenues around $1.0M - $1.2M annually, demonstrating stable operational funding.. Expenses are consistently managed below revenues in most years, indicating sound financial management of day-to-day operations.. Long operational history with consistent financial reporting, suggesting organizational stability and commitment to transparency through filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Senior Citizen Housing Corporation Of Scotch Plains compensate executives?
The provided data consistently shows 'c0%' for compensation across all years, suggesting either a fully volunteer-run executive team or that executive compensation is reported under other expense categories, which requires further scrutiny of their full financial statements. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 'c0%' compensation, how does the organization attract and retain leadership, and what are the implications for long-term sustainability and governance?
The consistent reporting of 0% compensation suggests either a fully volunteer-led organization or that compensation is categorized differently. This model could be sustainable if there's a strong volunteer base, but it raises questions about professional leadership continuity and potential reliance on external, uncompensated expertise. Further investigation into their governance structure and volunteer recruitment is needed.
What factors are contributing to the continuous decline in total assets from $3,830,876 in 2016 to $2,310,873 in 2023, and what is the organization's strategy to address this trend?
The significant decline in assets over the past seven years could be due to depreciation of physical assets, divestment, or operating deficits. Without more detailed financial statements, it's unclear if this trend is managed (e.g., planned asset sales) or indicative of financial strain. Understanding their asset management strategy is crucial for assessing long-term financial health.
Filing History
IRS 990 filing history for Senior Citizen Housing Corporation Of Scotch Plains showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Senior Citizen Housing Corporation Of Scotch Plains's revenue has grown by 23.6%, moving from $979K to $1.2M. Total assets decreased by 54.1% over the same period, from $5.0M to $2.3M. Total functional expenses rose by 14.2%, from $996K to $1.1M. In its most recent filing year (2023), Senior Citizen Housing Corporation Of Scotch Plains reported a surplus of $73K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $2.3M in assets (debt-to-asset ratio: 66.1%), resulting in net assets of $784K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $2.3M | $1.5M | — | View 990 |
| 2022 | $1.1M | $1.1M | $2.6M | $1.9M | — | — |
| 2021 | $1.2M | $993K | $2.9M | $2.2M | — | View 990 |
| 2020 | $1.2M | $1.0M | $2.9M | $2.5M | — | — |
| 2019 | $1.1M | $952K | $3.1M | $2.9M | — | View 990 |
| 2018 | $1.1M | $1.0M | $3.3M | $3.3M | — | View 990 |
| 2017 | $1.1M | $962K | $3.6M | $3.6M | — | View 990 |
| 2016 | $1.1M | $971K | $3.8M | $4.0M | — | View 990 |
| 2015 | $1.0M | $971K | $4.1M | $4.3M | — | View 990 |
| 2014 | $1.6M | $949K | $4.4M | $4.7M | — | View 990 |
| 2013 | $1.0M | $926K | $4.6M | $5.6M | — | View 990 |
| 2012 | $1.1M | $939K | $4.9M | $6.0M | — | View 990 |
| 2011 | $979K | $996K | $5.0M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $2.3M (revenue +6.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $2.6M (revenue -7.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $993K, and assets of $2.9M (revenue +-0.0% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.0M, and assets of $2.9M (revenue +13.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $952K, and assets of $3.1M (revenue +2.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $3.3M (revenue -0.8% year-over-year).
- 2017: Revenue of $1.1M, expenses of $962K, and assets of $3.6M (revenue +2.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $971K, and assets of $3.8M (revenue +1.7% year-over-year).
- 2015: Revenue of $1.0M, expenses of $971K, and assets of $4.1M (revenue -36.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $949K, and assets of $4.4M (revenue +60.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $926K, and assets of $4.6M (revenue -4.2% year-over-year).
- 2012: Revenue of $1.1M, expenses of $939K, and assets of $4.9M (revenue +8.8% year-over-year).
- 2011: Revenue of $979K, expenses of $996K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Senior Citizen Housing Corporation Of Scotch Plains:
Data Sources and Methodology
This transparency report for Senior Citizen Housing Corporation Of Scotch Plains 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.