Tenafly Senior Citizens Housing
Tenafly Senior Citizens Housing: Stable Operations, Declining Assets
EIN: 222357658 · Tenafly, NJ · NTEE: L20Z · Updated: 2026-04-04
About Tenafly Senior Citizens Housing
Tenafly Senior Citizens Housing (EIN: 222357658) is a nonprofit organization based in Tenafly, NJ, classified under NTEE code L20Z. The organization reported total revenue of $547K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tenafly Senior Citizens Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Tenafly Senior Citizens Housing 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, Tenafly Senior Citizens Housing 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.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation data is available in the provided 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 Tenafly Senior Citizens Housing's IRS 990 filings:
- Total assets have shown a consistent decline from $1,676,730 in 2017 to $1,124,402 in 2024.
- The organization reported a negative revenue of -$267,366 in 2021, which is a significant anomaly.
Strengths
The following positive indicators were identified for Tenafly Senior Citizens Housing:
- Consistently positive revenue in most years, indicating ongoing operational funding.
- Maintains a substantial asset base, even with declines, suggesting financial stability.
- Long operational history, providing housing for seniors in Tenafly, NJ.
Frequently Asked Questions about Tenafly Senior Citizens Housing
What does Tenafly Senior Citizens Housing do?
Tenafly Senior Citizens Housing is a nonprofit organization in the Housing & Shelter sector, located in Tenafly, New Jersey. It is classified under NTEE code L20Z.
How much revenue does Tenafly Senior Citizens Housing have?
Tenafly Senior Citizens Housing reported total revenue of $547,277. Based on 11 IRS 990 filings on record.
What are Tenafly Senior Citizens Housing's total assets?
Tenafly Senior Citizens Housing holds total assets of $1,124,402 as reported in IRS 990 filings.
Where is Tenafly Senior Citizens Housing located?
Tenafly Senior Citizens Housing is based in Tenafly, New Jersey.
What is Tenafly Senior Citizens Housing's EIN?
Tenafly Senior Citizens Housing's Employer Identification Number (EIN) is 222357658. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Tenafly Senior Citizens Housing?
Tenafly Senior Citizens Housing is classified under NTEE code L20Z (Housing & Shelter).
Is Tenafly Senior Citizens Housing a registered 501(c)(3)?
Yes, Tenafly Senior Citizens Housing is recognized as a tax-exempt organization by the IRS. EIN: 222357658.
Does Tenafly Senior Citizens Housing file IRS Form 990?
Yes, Tenafly Senior Citizens Housing has 11 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Tenafly Senior Citizens Housing's revenue in 2024?
In the 202403 filing period, Tenafly Senior Citizens Housing reported total revenue of $199,107, total expenses of N/A, and net assets of $1,100,944.
Is Tenafly Senior Citizens Housing's revenue growing or declining?
Tenafly Senior Citizens Housing's revenue is growing. Revenue went from $92,120 (202303) to $199,107 (202403), a +116.1% change. Based on 11 filings on record.
What is Tenafly Senior Citizens Housing's most recent 990 filing?
The most recent IRS Form 990 filing for Tenafly Senior Citizens Housing covers tax period 202403. It shows revenue of $199,107, expenses of N/A, total assets of $1,100,944, and liabilities of $212,660.
How much does Tenafly Senior Citizens Housing spend on programs vs administration?
Based on IRS 990 analysis, Tenafly Senior Citizens Housing allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Tenafly Senior Citizens Housing a trustworthy charity?
Based on AI analysis of IRS 990 data, Tenafly Senior Citizens Housing appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Tenafly Senior Citizens Housing?
The following concerns were identified: Total assets have shown a consistent decline from $1,676,730 in 2017 to $1,124,402 in 2024.. The organization reported a negative revenue of -$267,366 in 2021, which is a significant anomaly.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Tenafly Senior Citizens Housing's strengths?
Positive indicators for Tenafly Senior Citizens Housing include: Consistently positive revenue in most years, indicating ongoing operational funding.. Maintains a substantial asset base, even with declines, suggesting financial stability.. Long operational history, providing housing for seniors in Tenafly, NJ.. These findings are derived from AI analysis of the organization's financial filings.
How does Tenafly Senior Citizens Housing compensate executives?
Executive compensation cannot be assessed as no compensation data is available in the provided filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the significant negative revenue of -$267,366 in 2021, and how was it managed without a corresponding sharp drop in assets?
The provided data does not specify the cause of the negative revenue in 2021. However, the relatively stable asset base suggests it might have been an accounting adjustment, a one-time loss offset by reserves, or a temporary cash flow issue rather than a fundamental operational collapse.
Given the consistent decline in total assets over the past several years, what is the long-term strategy for asset management and sustainability?
The data indicates a steady reduction in total assets from $1,676,730 in 2017 to $1,124,402 in 2024. Without further information, it's unclear if this is due to depreciation of property, planned asset divestment, or operational expenditures exceeding new asset acquisition. A clear strategy for asset maintenance or growth would be beneficial.
Filing History
IRS 990 filing history for Tenafly Senior Citizens Housing showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2014–2024), Tenafly Senior Citizens Housing's revenue has grown by 132.9%, moving from $85K to $199K. Total assets decreased by 31.7% over the same period, from $1.6M to $1.1M. The organization holds $213K in liabilities against $1.1M in assets (debt-to-asset ratio: 19.3%), resulting in net assets of $888K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $199K | $0 | $1.1M | $213K | — | — |
| 2023 | $92K | $0 | $1.0M | $333K | — | View 990 |
| 2022 | $55K | $0 | $1.1M | $456K | — | View 990 |
| 2021 | $-267,366 | $0 | $1.3M | $727K | — | — |
| 2020 | $35K | $0 | $1.5M | $707K | — | View 990 |
| 2019 | $38K | $0 | $1.6M | $813K | — | View 990 |
| 2018 | $68K | $0 | $1.6M | $904K | — | View 990 |
| 2017 | $130K | $0 | $1.7M | $1.0M | — | View 990 |
| 2016 | $121K | $0 | $1.6M | $1.1M | — | View 990 |
| 2015 | $110K | $0 | $1.6M | $1.2M | — | View 990 |
| 2014 | $85K | $0 | $1.6M | $1.3M | — | — |
Year-by-Year Financial Summary
- 2024: Revenue of $199K, expenses of $0, and assets of $1.1M (revenue +116.1% year-over-year).
- 2023: Revenue of $92K, expenses of $0, and assets of $1.0M (revenue +68.4% year-over-year).
- 2022: Revenue of $55K, expenses of $0, and assets of $1.1M.
- 2021: Revenue of $-267,366, expenses of $0, and assets of $1.3M (revenue -865.0% year-over-year).
- 2020: Revenue of $35K, expenses of $0, and assets of $1.5M (revenue -9.1% year-over-year).
- 2019: Revenue of $38K, expenses of $0, and assets of $1.6M (revenue -43.2% year-over-year).
- 2018: Revenue of $68K, expenses of $0, and assets of $1.6M (revenue -47.7% year-over-year).
- 2017: Revenue of $130K, expenses of $0, and assets of $1.7M (revenue +7.1% year-over-year).
- 2016: Revenue of $121K, expenses of $0, and assets of $1.6M (revenue +9.8% year-over-year).
- 2015: Revenue of $110K, expenses of $0, and assets of $1.6M (revenue +28.8% year-over-year).
- 2014: Revenue of $85K, expenses of $0, and assets of $1.6M.
Data Sources and Methodology
This transparency report for Tenafly 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.