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New Jersey · Nonprofit

SPECTRUM CLOSTER APARTMENTS INC

SPECTRUM CLOSTER APARTMENTS INC (New Jersey) receives grants from 1 organization whose IRS filings report $45,465 to it, the largest being Spectrum For Living Development Inc ($45,465). 1 of them have funded it in more than one year.

Revenue FY2024
$149k
Funders on record
1
Grants received
$45k
Net assets
$2.4M
1/1 repeat funderspeak grant-dependency 21%
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($167k) Expenses 100 ($213k) Net assets 100 ($2.9M)2018 Revenue 89 ($149k) Expenses 102 ($218k) Net assets 98 ($2.8M)2019 Revenue 86 ($144k) Expenses 100 ($213k) Net assets 95 ($2.8M)2020 Revenue 84 ($140k) Expenses 142 ($302k) Net assets 90 ($2.6M)2021 Revenue 86 ($143k) Expenses 91 ($194k) Net assets 88 ($2.6M)2022 Revenue 87 ($146k) Expenses 90 ($192k) Net assets 86 ($2.5M)2023 Revenue 114 ($191k) Expenses 105 ($225k) Net assets 85 ($2.5M)2024 Revenue 89 ($149k) Expenses 116 ($247k) Net assets 82 ($2.4M)
'17'18'19'20'21'22'23'24
Revenue (89)Expenses (116)Net assets (82)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 51% · 2018 58% · 2019 56% · 2020 55% · 2021 56% · 2022 51% · 2023 41% · 2024 43%. Grants only. Government contracts and fees sit inside program revenue.

47% of SPECTRUM CLOSTER APARTMENTS INC’s revenue is contributions — more donation-reliant than the typical peer (37% for the typical peer).

This organization
Typical peer · 8,310 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 8 of the last 8 reported years ran a deficit.

−$46k
’17
−$70k
’18
−$69k
’19
−$162k
’20
−$51k
’21
−$46k
’22
−$34k
’23
−$98k
’24
0.2
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base held at 1 funder, grant income rose $0 → $40k.

Funder
'17
'23
'24*
total
funders
1
1
1

From the IRS filings of SPECTRUM CLOSTER APARTMENTS INC’s funders (the co-funder graph). Association, not causation.

Where its funders are

100% of SPECTRUM CLOSTER APARTMENTS INC's grant income comes from New Jersey funders.

NJ

Funder states come from each funder’s own filing.

03Its place in the field

Against its field

SPECTRUM CLOSTER APARTMENTS INC's funding has concentrated — grant income rose while the number of funders held roughly flat.

Operating margin−66% · bottom quartile
Months of reserve0.2mo · bottom quartile
Revenue growth (annualized)−2% · bottom quartile

this organization peer median middle 50% of peers· 7,812 housing & shelter nonprofits $100k–$1M, FY2024

Organizations like SPECTRUM CLOSTER APARTMENTS INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New Jersey

Spectrum Ringwood Apartments Inc94%Spectrum for Living River Vale Apartments Inc93%Spectrum for Living Development Inc89%Spectrum for Living Corporation89%Spectrum for Living Group Homes Inc87%Center for Humanistic Change of Nj Inc85%Schi Disability Services Inc85%Spectrum for Living - Middlesex Inc85%

Nationally

Spectrum Ringwood Apartments Inc94%Spectrum for Living River Vale Apartments Inc93%Spectrum for Living Development Inc89%Spectrum for Living Corporation89%Spectrum Community Services88%Spectrum for Living Group Homes Inc87%Spectrum Foundation for Health and Community Impact87%Spectrum Human Services Inc87%
04Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

88% of spending goes to programs.

Program 88%Management 12%Fundraising 0%

Governance

15
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NJ

Part of a family of 8 related entities

  • Spectrum for Living Development Inc · exempt
  • Spectrum for Living Glen Rock Property · exempt
  • Sppectrum for Living Maywood Home Inc · exempt
  • Spectrum for Living Hillsdale Property · exempt
  • Spectrum River Vale Apartments Inc · exempt

Screen this organization

A dated, signed PDF of the compliance screen for SPECTRUM CLOSTER APARTMENTS INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds SPECTRUM CLOSTER APARTMENTS INC?
SPECTRUM CLOSTER APARTMENTS INC (New Jersey) receives grants from 1 organization whose IRS filings report $45,465 to it, the largest being Spectrum For Living Development Inc ($45,465). 1 of them have funded it in more than one year.
How many funders does SPECTRUM CLOSTER APARTMENTS INC have?
IRS filings report 1 organization giving $45,465 in grants to SPECTRUM CLOSTER APARTMENTS INC, 1 of which have funded it in more than one year.
Who is the largest funder of SPECTRUM CLOSTER APARTMENTS INC?
Spectrum For Living Development Inc is the largest funder on record, with $45,465 in grants. The full list of funders is on this page.
How can an organization like SPECTRUM CLOSTER APARTMENTS INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New Jersey. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Spectrum Closter Apartments →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. What this page cannot tell you · view filing