South Orange Moderate Income Housing Corp
South Orange Moderate Income Housing Corp: Consistent Revenue, Declining Assets
EIN: 222779170 · Livingston, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Program Spending | 80% |
| Net Assets | $-2,043,490 |
| Transparency Score | 75/100 |
Is South Orange Moderate Income Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Orange Moderate Income Housing Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Orange Moderate Income Housing Corp
South Orange Moderate Income Housing Corp (EIN: 222779170) is a nonprofit organization based in Livingston, NJ. The organization reported total revenue of $1.4M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Orange Moderate Income Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Orange Moderate Income Housing Corp is a mid-size nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-334,176 |
| Total Assets | $4.6M |
| Total Liabilities | $6.6M |
| Net Assets | $-2,043,490 |
| Operating Margin | -28.3% |
| Debt-to-Asset Ratio | 144.6% |
| Months of Reserves | 36.3 months |
Financial Health Grade: C
In 2023, South Orange Moderate Income Housing Corp reported a deficit of $334K with expenses exceeding revenue, holds 36.3 months of operating reserves (strong position), has a debt-to-asset ratio of 144.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), South Orange Moderate Income Housing Corp's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | -2.3% | -13.4% |
| 2022 | +0.5% | -1.9% | -5.8% |
| 2021 | -0.2% | +12.2% | +2.8% |
| 2020 | +97.7% | +106.3% | -5.0% |
| 2019 | -50.1% | -58.2% | -2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 South Orange Moderate Income Housing Corp 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: 80%
- fundraising: 10%
According to IRS 990 filings, South Orange Moderate Income Housing Corp allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $334K, with expenses exceeding revenue.
- Debt-to-asset ratio: 144.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures are not included in the 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.
Red Flags
The following concerns were identified during AI analysis of South Orange Moderate Income Housing Corp's IRS 990 filings:
- Total assets have shown a consistent decline from $6,361,921 in 2018 to $4,327,667 in the most recent filing, warranting further investigation into asset management and depreciation.
- The organization's net assets (assets minus liabilities) have decreased significantly over the years, from $6,361,921 - $6,479,970 = -$118,049 in 2018 to $4,327,667 - $6,626,128 = -$2,298,461 in 2023, indicating a worsening financial position.
Strengths
The following positive indicators were identified for South Orange Moderate Income Housing Corp:
- Consistent annual revenue generation, with recent years showing over $1.1 million.
- The organization has maintained operations for several years, demonstrating resilience.
Frequently Asked Questions about South Orange Moderate Income Housing Corp
Is South Orange Moderate Income Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, South Orange Moderate Income Housing Corp (EIN: 222779170) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does South Orange Moderate Income Housing Corp spend its money?
South Orange Moderate Income Housing Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Orange Moderate Income Housing Corp tax-deductible?
South Orange Moderate Income Housing Corp is registered as a tax-exempt nonprofit (EIN: 222779170). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Orange Moderate Income Housing Corp's spending goes to programs?
South Orange Moderate Income Housing Corp directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is South Orange Moderate Income Housing Corp located?
South Orange Moderate Income Housing Corp is headquartered in Livingston, New Jersey and files with the IRS under EIN 222779170.
How many years of IRS 990 filings does South Orange Moderate Income Housing Corp have?
South Orange Moderate Income Housing Corp has 14 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 $1.4M in total revenue.
What does South Orange Moderate Income Housing Corp do?
South Orange Moderate Income Housing Corp is a nonprofit organization in the Unknown sector, located in Livingston, New Jersey. It is classified under NTEE code Unknown.
How much revenue does South Orange Moderate Income Housing Corp have?
South Orange Moderate Income Housing Corp reported total revenue of $1,373,556. Based on 14 IRS 990 filings on record.
What are South Orange Moderate Income Housing Corp's total assets?
South Orange Moderate Income Housing Corp holds total assets of $4,327,667 as reported in IRS 990 filings.
Where is South Orange Moderate Income Housing Corp located?
South Orange Moderate Income Housing Corp is based in Livingston, New Jersey.
What is South Orange Moderate Income Housing Corp's EIN?
South Orange Moderate Income Housing Corp's Employer Identification Number (EIN) is 222779170. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Orange Moderate Income Housing Corp?
South Orange Moderate Income Housing Corp is classified under NTEE code Unknown (Unknown).
Is South Orange Moderate Income Housing Corp a registered 501(c)(3)?
South Orange Moderate Income Housing Corp appears in IRS records (EIN: 222779170). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does South Orange Moderate Income Housing Corp file IRS Form 990?
Yes, South Orange Moderate Income Housing Corp has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was South Orange Moderate Income Housing Corp's revenue in 2023?
In the 202312 filing period, South Orange Moderate Income Housing Corp reported total revenue of $1,182,742, total expenses of $1,516,918, and net assets of $4,582,638.
Is South Orange Moderate Income Housing Corp's revenue growing or declining?
South Orange Moderate Income Housing Corp's revenue is relatively stable. Revenue went from $1,169,937 (202212) to $1,182,742 (202312), a +1.1% change. Based on 14 filings on record.
What is South Orange Moderate Income Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for South Orange Moderate Income Housing Corp covers tax period 202312. It shows revenue of $1,182,742, expenses of $1,516,918, total assets of $4,582,638, and liabilities of $6,626,128.
How much does South Orange Moderate Income Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, South Orange Moderate Income Housing Corp allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is South Orange Moderate Income Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, South Orange Moderate Income Housing Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for South Orange Moderate Income Housing Corp?
The following concerns were identified: Total assets have shown a consistent decline from $6,361,921 in 2018 to $4,327,667 in the most recent filing, warranting further investigation into asset management and depreciation.. The organization's net assets (assets minus liabilities) have decreased significantly over the years, from $6,361,921 - $6,479,970 = -$118,049 in 2018 to $4,327,667 - $6,626,128 = -$2,298,461 in 2023, indicating a worsening financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are South Orange Moderate Income Housing Corp's strengths?
Positive indicators for South Orange Moderate Income Housing Corp include: Consistent annual revenue generation, with recent years showing over $1.1 million.. The organization has maintained operations for several years, demonstrating resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does South Orange Moderate Income Housing Corp compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures are not included in the summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in total assets and the increasingly negative net asset position?
The provided data shows a steady decrease in total assets from $6,361,921 in 2018 to $4,327,667 in 2023, while liabilities have remained relatively high, leading to a significant negative net asset balance. This trend suggests potential issues with asset depreciation, disposal, or an inability to generate sufficient surplus to cover liabilities, which requires a detailed review of their balance sheet and operational activities.
Filing History
IRS 990 filing history for South Orange Moderate Income Housing Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), South Orange Moderate Income Housing Corp's revenue has declined by 8.7%, moving from $1.3M to $1.2M. Total assets decreased by 7.9% over the same period, from $5.0M to $4.6M. Total functional expenses rose by 16%, from $1.3M to $1.5M. In its most recent filing year (2023), South Orange Moderate Income Housing Corp reported a deficit of $334K, with expenses exceeding revenue. The organization holds $6.6M in liabilities against $4.6M in assets (debt-to-asset ratio: 144.6%), resulting in net assets of $-2,043,490.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.5M | $4.6M | $6.6M | — | — |
| 2022 | $1.2M | $1.6M | $5.3M | $7.0M | — | View 990 |
| 2021 | $1.2M | $1.6M | $5.6M | $6.9M | — | View 990 |
| 2020 | $1.2M | $1.4M | $5.5M | $6.4M | — | View 990 |
| 2019 | $590K | $683K | $5.7M | $6.4M | — | View 990 |
| 2019 | $1.2M | $1.6M | $5.9M | $6.5M | — | View 990 |
| 2018 | $970K | $1.6M | $6.4M | $6.5M | — | View 990 |
| 2017 | $961K | $1.3M | $4.9M | $4.3M | — | View 990 |
| 2016 | $2.3M | $1.3M | $5.2M | $4.3M | — | View 990 |
| 2015 | $1.3M | $1.3M | $4.3M | $4.3M | — | View 990 |
| 2014 | $1.4M | $1.6M | $4.6M | $4.6M | — | View 990 |
| 2013 | $1.3M | $1.3M | $4.7M | $4.5M | — | View 990 |
| 2012 | $1.3M | $1.3M | $4.8M | $4.6M | — | View 990 |
| 2011 | $1.3M | $1.3M | $5.0M | $4.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.5M, and assets of $4.6M (revenue +1.1% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.6M, and assets of $5.3M (revenue +0.5% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.6M, and assets of $5.6M (revenue -0.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.4M, and assets of $5.5M (revenue +97.7% year-over-year).
- 2019: Revenue of $590K, expenses of $683K, and assets of $5.7M (revenue -50.1% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.6M, and assets of $5.9M (revenue +21.9% year-over-year).
- 2018: Revenue of $970K, expenses of $1.6M, and assets of $6.4M (revenue +1.0% year-over-year).
- 2017: Revenue of $961K, expenses of $1.3M, and assets of $4.9M (revenue -57.3% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.3M, and assets of $5.2M (revenue +76.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $4.3M (revenue -8.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.6M, and assets of $4.6M (revenue +4.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $4.7M (revenue +4.1% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $4.8M (revenue -1.2% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.3M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Orange Moderate Income Housing Corp:
Data Sources and Methodology
This transparency report for South Orange Moderate Income 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.