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Morristown Area Development Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161304925 ✦ Morristown, NY ✦ Designated as a 501(c)(3)

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Overview

What is Morristown Area Development Corp?

Morristown Area Development Corp is a nonprofit organization that dedicatedly serves low-income elderly individuals by providing them with housing. With a focus on offering a suitable living space, they operate twelve one-bedroom units tailored specifically for this demographic. Their mission is to ensure that elderly individuals have a secure and comfortable place to call home.

Is Morristown Area Development Corp legitimate?

Morristown Area Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morristown Area Development Corp submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Morristown Area Development Corp?

The Morristown Area Development Corporation's mission is centered around providing housing for low-income elderly individuals. Their primary goal is to offer a suitable living space for this demographic. The corporation operates a program that includes twelve units of one-bedroom housing, specifically designed to cater to this group of people. The organization's mission is geared towards ensuring that these elderly individuals have a place to call home.

Who is the CEO of Morristown Area Development Corp?

Ronald Tulley is the President of Morristown Area Development Corp.

What is the revenue of Morristown Area Development Corp?

Morristown Area Development Corp's revenue in 2022 was $101,645.

Who are the executives of Morristown Area Development Corp and what are their salaries?


Here are 6 key members and their salaries:


Debbie Murray (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Father Chris Carrara (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Thompson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Tulley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Virginia Tulley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Bogardus (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Morristown Area Development Corp?

Morristown Area Development Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Morristown Area Development Corp

Morristown Area Development Corporation, a nonprofit organization, is dedicated to providing a living space for low-income elderly individuals. With a mission at its core, this corporation offers twelve units of one-bedroom housing specifically designed to cater to this demographic. The primary objective of Morristown Area Development Corporation is to ensure that elderly individuals who may be struggling financially have a secure place to call home. The corporation's housing program is tailored to meet the unique needs of this demographic, providing them with a safe and comfortable living environment.

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Impact




October, 2024

Morristown Area Development Corp has a significant impact by addressing the housing needs of low-income elderly individuals in Morristown, NY. By providing twelve one-bedroom units specifically designed for this demographic, the organization ensures that senior residents have access to safe, affordable living arrangements. This initiative not only helps alleviate housing insecurity among the elderly population but also fosters a supportive community environment where residents can thrive. The commitment to offering tailored housing solutions reflects a broader effort to enhance the quality of life for vulnerable individuals in the area, making a positive difference in the community.




This information is meant to be a general summary of Morristown Area Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$101,645 (2022)
Expenses
$110,239 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4
  • Program Service Revenue: $101,101
  • Gross Receipts: $101,645

Assets and Liabilities:

  • Total Assets: $330,759
  • Total Liabilities: $366,464
  • Net Assets: -$35,705

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Organization Details

Principal Officer

Ronald Tulley

Main Address

158 HIGH STREET, MORRISTOWN, NY, 13664

NTEE Category

Code: L22Z - Housing

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