Overview
What is Moravian Developement Corp?
Moravian Developement Corp is a nonprofit organization situated in Bethlehem, Pennsylvania. Their primary mission is to provide and manage housing for families with low income, the elderly, and individuals with disabilities. This is accomplished through planning, constructing, rehabilitating, improving, maintaining, operating, and renting out properties on a nonprofit basis. The organization's operations and rental expenses are reflected in their financial reports, while program costs are directed towards granting funds to other nonprofit entities to support their respective missions. The Moravian Development Corporation employs a team of 15 individuals in carrying out its mission.
Is Moravian Developement Corp legitimate?
Moravian Developement Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moravian Developement Corp submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Moravian Developement Corp?
The Moravian Development Corporation's mission is centered around providing housing solutions for families in need, specifically those with lower income, the elderly, and individuals with disabilities. Their mission involves planning, constructing, rehabilitating, improving, maintaining, operating, and renting out these housing units on a nonprofit basis. The organization's activities do not include directly providing services or support to these individuals; instead, they focus on housing-related expenses, which are reflected in their financial reports. Additionally, a portion of their resources is allocated to granting funds to other nonprofit organizations to support their mission outreach.
Who is the CEO of Moravian Developement Corp?
Daniel Soos Cpa is the Exe Vice President Mdc of Moravian Developement Corp.
What is the revenue of Moravian Developement Corp?
Moravian Developement Corp's revenue in 2022 was -$469,150.
Who are the executives of Moravian Developement Corp and what are their salaries?
There are 15 employees and 7 volunteers at Moravian Developement Corp.
Here are 9 key members and their salaries:
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- Compensation: $74,942
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Where can I find the form 990 for Moravian Developement Corp?
Moravian Developement Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Moravian Developement Corp
Moravian Development Corporation is a non-profit organization dedicated to serving lower income families, the elderly, and handicapped individuals. Their mission encompasses planning, constructing, rehabilitating, improving, maintaining, operating, and renting housing for these groups. By undertaking these tasks, Moravian Development Corporation aims to provide affordable living spaces for those in need, contributing to their overall well-being.
The corporation's activities go beyond just housing. A portion of their resources are allocated towards grants to other non-profit entities, supporting their mission outreach. This proactive approach allows Moravian Development Corporation to extend its impact beyond its direct services, further advocating for the welfare of vulnerable populations. By reflecting all operational and rental expenses as rental expenditures in their financial reports, Moravian Development Corporation ensures transparency and accountability in its operations.
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Impact
October, 2024
Moravian Development Corp plays a vital role in providing affordable housing solutions for lower-income families, the elderly, and individuals with disabilities in Bethlehem, PA. By focusing on the planning, construction, rehabilitation, and maintenance of housing, the organization directly addresses the critical need for safe and accessible living conditions in the community.
Their efforts ensure that vulnerable populations have access to quality housing that meets their specific needs, alleviating some of the burdens associated with housing insecurity. Additionally, the organization collaborates with other entities to extend their impact, offering grants that support outreach missions aimed at further assisting these communities.
By operating and renting properties on a nonprofit basis, Moravian Development Corp helps reduce the financial strain on families while contributing to the overall well-being and stability of the neighborhoods they serve. Through these initiatives, the organization fosters a more inclusive and supportive community for those who need it most.
This information is meant to be a general summary of Moravian Developement 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $69,521
- Program Service Revenue: $1,325,668
- Gross Receipts: $2,361,950
Assets and Liabilities:
- Total Assets: $14,000,641
- Total Liabilities: $372,663
- Net Assets: $13,627,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Section 8 Federal Housing Subsidy
Revenue
$1,132,849
County Funding for Senior Center
Revenue
$27,905
Organization Details
Founding Year
1971
Phone
(610) 866-1841Principal Officer
Daniel Soos Cpa
Main Address
561 East Market Street, Bethlehem, PA, 18018
NTEE Category
Code: L20 - Housing
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