Passes our checks

Teterboro I Housing Corporation

EIN 22-3572461 · Teterboro, NJ

Public records show a registered, tax-exempt organization in good standing.

What it says it does

Teterboro I Housing Corporation was established to provide housing to low and moderate families in the borough of Teterboro New Jersey.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 50 out of 100. Higher than 46% of charities in its peer group (housing, $250k to $1m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
5 of 20
It owes 70% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 12% of income.
Income trend
15 of 15
Income rose 1% on the year before.
Spending floor
15 of 15
100% of spending went to programs.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 43 out of 100. Higher than 5% of charities in its peer group (housing, $250k to $1m).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
0 of 5
Reports that it does not keep minutes of board meetings.
Board sees the tax return
0 of 10
Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$309,701 spent. Teterboro I Housing Corporation ("Teterboro") was organized to establish a housing development to provide a significant portion of its rental housing to low and moderate income families of the Borough of Teterboro in compliance with the New Jersey Council on Affordable Housing guidelines and federal income tax laws providing for tax-exempt municipal financing of affodable rental housing. In addition to the foregoing stated purpose, Teterboro has contracted with the Housing Authority of Bergen County under Section 8 of the U.S. Department of Housing and Urban Development Housing Assistance Program to make housing assistance payments to the Authority on behalf of qualified tenants.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since July 1998.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.