Housing Initiatives of Princeton Charitable Tr
Public records show a registered, tax-exempt organization in good standing.
What it says it does
PROVIDING AFFORDABLE HOUSING OPTIONS TO TRANSITION INTO PERMANENT HOUSING AND SUSTAINED SELF-SUFFICIENCY TO LOW INCOME WORKING FAMILIES AND INDIVIDUALS WHO ARE HOMELESS OR FACING IMMINENT HOMELESSNESS IN AND AROUND PRINCETON, NJ
- Income
- $857,891
- Spending
- $528,521
- Spent on programs
- 85%
- Reserves
- 16.4 months of spending
- Largest source of income
- donations and private grants, 93%
- Employees
- 3
- Volunteers
- 61
- Highest pay
- $55,595, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 94% of charities in its peer group (housing, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 16.4 months of spending.
Debt
20 of 20It owes 11% of what it owns.
Living within its means
15 of 15Income exceeded spending by 38% of income.
Income trend
15 of 15Income rose 29% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 91 out of 100. Higher than 72% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 2514 of 14 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $447,231 spent. HOUSING INITIATIVES OF PRINCETON (HIP) ENVISIONS A DIVERSE, INCLUSIVE COMMUNITY WHERE ALL FAMILIES CAN AFFORD TO LIVE AND THRIVE. WE HELP MERCER COUNTY FAMILIES AND INDIVIDUALS FACING EVICTION OR HOMELESSNESS BUILD A SUSTAINABLE FUTURE, BY PROVIDING STABLE HOUSING, ACCESS TO BETTER-PAYING JOBS, AND DEEP WRAPAROUND SUPPORT. HOUSING INITIATIVES OF PRINCETON HAS THREE MAIN PROGRAMS: 1) OUR TRANSITIONAL HOUSING PROGRAM WITH COMPREHENSIVE WRAPAROUND SERVICES HELPS FAMILIES WHO LACK THE INCOME AND CREDIT SCORES TO QUALIFY FOR LOCAL AFFORDABLE HOUSING, OR WHO FACE MULTI-YEAR WAITING LISTS FOR AN AFFORDABLE APARTMENT IN OUR AREA. WHILE LIVING IN HIP'S HOUSING FOR 1-2 YEARS AND PAYING 30% OF THEIR INCOME IN RENT, EACH ADULT WORKS WITH A CASE MANAGER, HOUSING NAVIGATOR, CAREER AND FINANCIAL COACHES, VOLUNTEERS, AND NONPROFIT PARTNERS WHO OFFER SUPPORTIVE SERVICES TO REACH PERSONAL GOALS, GRADUATE INTO AN AFFORDABLE HOME OF THEIR OWN, AND TRANSFORM THEIR FAMILY'S FUTURE. IN 2025, THIS PROGRAM SERVED 28 PARENTS AND CHILDREN FROM 12 FAMILIES. 2) HIP'S EVICTION PREVENTION PROGRAM PROVIDES RENTAL ASSISTANCE TO LOW-INCOME FAMILIES WHO HAVE FALLEN BEHIND IN THEIR RENT DUE TO A ONE-TIME EMERGENCY, AND PROVIDES SECURITY DEPOSITS, WHICH ARE OFTEN A BARRIER TO SECURING HOUSING. IN 2025, HIP HELPED OVER 368 INDIVIDUALS FROM ACROSS MERCER COUNTY THROUGH THIS PROGRAM. HIP MAXIMIZES OUR HELP TO THOSE WE SERVE BY WORKING IN CONCERT WITH OTHER LOCAL HELPING AGENCIES AS PART OF THE PRINCETON HOUSING STABILITY COALITION TO JOINTLY FUND REQUESTS FOR EVICTION PREVENTION FUNDS. 3) HIP'S PRO HOUSING ADVOCACY LEVERAGES OUR OVER TWENTY YEARS OF FRONTLINE EXPERIENCE TO INFORM LOCAL AND STATE POLICIES AND INITIATIVES THAT AIM TO MAKE HOUSING MORE ACCESSIBLE FOR LOW-INCOME FAMILIES.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 June 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 February 2012.
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.