First Montclair Housing Corporation I Inc
Only null% goes to programs Strong reserves
First Montclair Housing Corporation I Inc is a 501(c)(3) organization based in Montclair, New Jersey, registered in 1980, with $2,974,770 in FY2024 revenue. CharityIndex grades it C+.
56 Walnut Street, Montclair, NJ, 07042 EIN 51-0177339 Since 1980
Revenue (FY2024)
$3.0M
▲ 6.3% vs prior year
Housing median: $408K
Expenses (FY2024)
$2.7M
Net assets
$5.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for First Montclair Housing Corporation I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating22 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For First Montclair Housing Corporation I Inc: 22 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for First Montclair Housing Corporation I Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For First Montclair Housing Corporation I Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 56 Walnut Street, Montclair, NJ, 07042
- City
- Montclair
- State
- New Jersey
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
Financial trends
Revenue grew from $1.8M (FY2013) to $3.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.2MNet assets $5.0M
Operating margin
8.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$8.3M
Total liabilities
$3.2M
Net assets
$5.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,974,770▲6.3% | $2,719,222▲12.5% | $5,032,489▲5.3% | $8,255,060▲0.7% | 990 |
| 2023 | $2,799,561▲3.0% | $2,416,945▲1.2% | $4,776,941▲8.7% | $8,197,013▲2.9% | 990 |
| 2022 | $2,716,917▼1.2% | $2,388,055▲5.0% | $4,394,325▲8.1% | $7,969,373▲1.9% | 990 |
| 2021 | $2,750,185▲5.0% | $2,273,617▲4.9% | $4,065,463▲13.3% | $7,818,061▲5.3% | 990 |
| 2020 | $2,619,845▲1.5% | $2,166,505▼1.5% | $3,588,895▲14.5% | $7,425,829▲3.8% | 990 |
| 2019 | $2,582,274▲3.7% | $2,200,577▲3.6% | $3,135,555▲13.9% | $7,153,928▲4.2% | 990 |
| 2018 | $2,489,287▲2.0% | $2,124,241▲4.2% | $2,753,858▲15.3% | $6,863,446▲2.8% | 990 |
| 2017 | $2,441,572▲7.0% | $2,038,692▲5.1% | $2,388,812▲20.3% | $6,677,295▲4.4% | 990 |
| 2016 | $2,282,607▲17.5% | $1,939,385▲2.7% | $1,985,932▲20.9% | $6,393,124▲3.6% | 990 |
| 2015 | $1,942,657▲9.2% | $1,888,643▲3.7% | $1,642,710▲11.0% | $6,172,547▲0.2% | 990 |
| 2013 | $1,779,693 | $1,820,442▲6.9% | $1,480,028▼2.7% | $6,161,885▼3.1% | 990 |
| 2012 | — | $1,702,688 | $1,520,777 | $6,356,260 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is First Montclair Housing Corporation I Inc a legitimate nonprofit?
- Yes. First Montclair Housing Corporation I Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0177339, based in Montclair, New Jersey. Donations are tax-deductible.
- What is First Montclair Housing Corporation I Inc's EIN?
- First Montclair Housing Corporation I Inc's Employer Identification Number (EIN) is 51-0177339.
- How much revenue does First Montclair Housing Corporation I Inc report?
- First Montclair Housing Corporation I Inc reported $2,974,770 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does First Montclair Housing Corporation I Inc have?
- CharityIndex grades First Montclair Housing Corporation I Inc C+, based on financial health (reserves and operating margin).
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Data for First Montclair Housing Corporation I Inc (EIN 51-0177339) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.