Teaneck Senior Citizens Housing
Teaneck Senior Citizens Housing: Stable Finances, Low Program Spending
EIN: 222300986 · Teaneck, NJ · NTEE: L220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.3M |
| Program Spending | 71% |
| Net Assets | $10.7M |
| Transparency Score | 60/100 |
Is Teaneck Senior Citizens Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Teaneck Senior Citizens Housing directs 71% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Teaneck Senior Citizens Housing
Teaneck Senior Citizens Housing (EIN: 222300986) is a nonprofit organization based in Teaneck, NJ, classified under NTEE code L220. The organization reported total revenue of $3.3M and total assets of $12.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teaneck Senior Citizens Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teaneck Senior Citizens Housing is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 39.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.3M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$966K |
| Total Assets | $11.2M |
| Total Liabilities | $459K |
| Net Assets | $10.7M |
| Operating Margin | 29.2% |
| Debt-to-Asset Ratio | 4.1% |
| Months of Reserves | 57.4 months |
Financial Health Grade: A
In 2023, Teaneck Senior Citizens Housing reported a surplus of $966K with revenue exceeding expenses, holds 57.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Teaneck Senior Citizens Housing's revenue has grown at a compound annual growth rate (CAGR) of 39.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | -4.9% | +10.0% |
| 2022 | +1.8% | +24.1% | +10.3% |
| 2021 | +360.5% | — | +16.8% |
| 2020 | +1908.9% | — | +5.3% |
| 2019 | -79.2% | — | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Teaneck Senior Citizens Housing with a Mission Score of 60 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: 29%
- programs: 71%
- fundraising: 0%
According to IRS 990 filings, Teaneck Senior Citizens Housing allocates its expenses as follows: admin: 29%, programs: 71%, fundraising: 0%. Approximately 71% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $966K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.1%.
Executive Compensation Analysis
Executive compensation appears reasonable, with no specific red flags identified in the available filings regarding excessive pay.
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 Teaneck Senior Citizens Housing's IRS 990 filings:
- Program service expenses (x) are consistently lower than total expenses, indicating a significant portion of spending on administrative costs. For example, in 2023, program expenses were $2,337,811 out of total expenses of $3,303,827.
- The organization's revenue in 2020 was significantly lower at $702,486 compared to other years, which warrants further investigation into the cause of this anomaly.
Strengths
The following positive indicators were identified for Teaneck Senior Citizens Housing:
- The organization consistently maintains a healthy asset base, with assets exceeding liabilities by a significant margin, indicating financial stability.
- The organization has consistently reported 0% fundraising expenses, suggesting efficient operations without dedicated fundraising costs.
- Total revenue has shown consistent growth in recent years, reaching over $3.3 million in 2023.
Frequently Asked Questions about Teaneck Senior Citizens Housing
Is Teaneck Senior Citizens Housing a legitimate charity?
Teaneck Senior Citizens Housing (EIN: 222300986) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Teaneck Senior Citizens Housing spend its money?
Teaneck Senior Citizens Housing directs 71% of its spending to programs and services. This meets the 65% industry benchmark.
Are donations to Teaneck Senior Citizens Housing tax-deductible?
Teaneck Senior Citizens Housing is registered as a tax-exempt nonprofit (EIN: 222300986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Teaneck Senior Citizens Housing compare to similar nonprofits?
With a transparency score of 60/100 (Good), Teaneck Senior Citizens Housing is above average for NTEE category L220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Teaneck Senior Citizens Housing located?
Teaneck Senior Citizens Housing is headquartered in Teaneck, New Jersey and files with the IRS under EIN 222300986. It is classified under NTEE code L220.
How many years of IRS 990 filings does Teaneck Senior Citizens Housing have?
Teaneck Senior Citizens Housing 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 $3.3M in total revenue.
What does Teaneck Senior Citizens Housing do?
Teaneck Senior Citizens Housing is a nonprofit organization in the Housing & Shelter sector, located in Teaneck, New Jersey. It is classified under NTEE code L220.
How much revenue does Teaneck Senior Citizens Housing have?
Teaneck Senior Citizens Housing reported total revenue of $3,267,999. Based on 13 IRS 990 filings on record.
What are Teaneck Senior Citizens Housing's total assets?
Teaneck Senior Citizens Housing holds total assets of $12,178,945 as reported in IRS 990 filings.
Where is Teaneck Senior Citizens Housing located?
Teaneck Senior Citizens Housing is based in Teaneck, New Jersey.
What is Teaneck Senior Citizens Housing's EIN?
Teaneck Senior Citizens Housing's Employer Identification Number (EIN) is 222300986. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Teaneck Senior Citizens Housing?
Teaneck Senior Citizens Housing is classified under NTEE code L220 (Housing & Shelter).
Is Teaneck Senior Citizens Housing a registered 501(c)(3)?
Yes, Teaneck Senior Citizens Housing is recognized as a tax-exempt organization by the IRS. EIN: 222300986.
Does Teaneck Senior Citizens Housing file IRS Form 990?
Yes, Teaneck Senior Citizens Housing has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Teaneck Senior Citizens Housing's revenue in 2023?
In the 202312 filing period, Teaneck Senior Citizens Housing reported total revenue of $3,303,827, total expenses of $2,337,811, and net assets of $11,189,808.
Is Teaneck Senior Citizens Housing's revenue growing or declining?
Teaneck Senior Citizens Housing's revenue is relatively stable. Revenue went from $3,293,115 (202212) to $3,303,827 (202312), a +0.3% change. Based on 13 filings on record.
What is Teaneck Senior Citizens Housing's most recent 990 filing?
The most recent IRS Form 990 filing for Teaneck Senior Citizens Housing covers tax period 202312. It shows revenue of $3,303,827, expenses of $2,337,811, total assets of $11,189,808, and liabilities of $459,192.
How much does Teaneck Senior Citizens Housing spend on programs vs administration?
Based on IRS 990 analysis, Teaneck Senior Citizens Housing allocates approximately 71% of expenses to program services, 29% to administrative costs, and 0% to fundraising. Program spending is moderate relative to overhead.
Is Teaneck Senior Citizens Housing a trustworthy charity?
Based on AI analysis of IRS 990 data, Teaneck Senior Citizens Housing shows mixed signals. Mission Score: 60/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Teaneck Senior Citizens Housing?
The following concerns were identified: Program service expenses (x) are consistently lower than total expenses, indicating a significant portion of spending on administrative costs. For example, in 2023, program expenses were $2,337,811 out of total expenses of $3,303,827.. The organization's revenue in 2020 was significantly lower at $702,486 compared to other years, which warrants further investigation into the cause of this anomaly.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Teaneck Senior Citizens Housing's strengths?
Positive indicators for Teaneck Senior Citizens Housing include: The organization consistently maintains a healthy asset base, with assets exceeding liabilities by a significant margin, indicating financial stability.. The organization has consistently reported 0% fundraising expenses, suggesting efficient operations without dedicated fundraising costs.. Total revenue has shown consistent growth in recent years, reaching over $3.3 million in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Teaneck Senior Citizens Housing compensate executives?
Executive compensation appears reasonable, with no specific red flags identified in the available filings regarding excessive pay. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'L220' National Taxonomy of Exempt Entities code (Housing for the Elderly), what specific programs or services are provided to senior citizens, and how do the reported program service expenses directly translate into these services?
While the filings show program service expenses, they lack detailed narrative descriptions of the specific housing services, support programs, or amenities provided to senior citizens. A deeper dive into annual reports or program brochures would be needed to connect the $2,337,811 in 2023 program expenses to tangible benefits for residents.
Filing History
IRS 990 filing history for Teaneck Senior Citizens Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Teaneck Senior Citizens Housing's revenue has grown by 5295.1%, moving from $61K to $3.3M. Total assets increased by 19.1% over the same period, from $9.4M to $11.2M. In its most recent filing year (2023), Teaneck Senior Citizens Housing reported a surplus of $966K, with revenue exceeding expenses. The organization holds $459K in liabilities against $11.2M in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $10.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.3M | $2.3M | $11.2M | $459K | — | — |
| 2022 | $3.3M | $2.5M | $10.2M | $409K | — | View 990 |
| 2021 | $3.2M | $2.0M | $9.2M | $293K | — | View 990 |
| 2020 | $702K | $0 | $7.9M | $220K | — | — |
| 2019 | $35K | $0 | $7.5M | $523K | — | View 990 |
| 2018 | $168K | $0 | $7.8M | $920K | — | View 990 |
| 2017 | $277K | $0 | $8.0M | $1.3M | — | View 990 |
| 2016 | $112K | $0 | $8.0M | $1.7M | — | View 990 |
| 2015 | $-49,318 | $0 | $8.5M | $2.4M | — | View 990 |
| 2014 | $-100,346 | $0 | $8.8M | $2.7M | — | View 990 |
| 2013 | $-190,245 | $0 | $8.8M | $2.6M | — | View 990 |
| 2012 | $-98,404 | $0 | $9.2M | $2.9M | — | View 990 |
| 2011 | $61K | $0 | $9.4M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.3M, expenses of $2.3M, and assets of $11.2M (revenue +0.3% year-over-year).
- 2022: Revenue of $3.3M, expenses of $2.5M, and assets of $10.2M (revenue +1.8% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.0M, and assets of $9.2M (revenue +360.5% year-over-year).
- 2020: Revenue of $702K, expenses of $0, and assets of $7.9M (revenue +1908.9% year-over-year).
- 2019: Revenue of $35K, expenses of $0, and assets of $7.5M (revenue -79.2% year-over-year).
- 2018: Revenue of $168K, expenses of $0, and assets of $7.8M (revenue -39.3% year-over-year).
- 2017: Revenue of $277K, expenses of $0, and assets of $8.0M (revenue +148.6% year-over-year).
- 2016: Revenue of $112K, expenses of $0, and assets of $8.0M.
- 2015: Revenue of $-49,318, expenses of $0, and assets of $8.5M.
- 2014: Revenue of $-100,346, expenses of $0, and assets of $8.8M.
- 2013: Revenue of $-190,245, expenses of $0, and assets of $8.8M.
- 2012: Revenue of $-98,404, expenses of $0, and assets of $9.2M (revenue -260.7% year-over-year).
- 2011: Revenue of $61K, expenses of $0, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teaneck Senior Citizens Housing:
Data Sources and Methodology
This transparency report for Teaneck Senior Citizens Housing 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.