Multiple Sclerosis Housing Inc
- Assets
- $2.9m
- Revenue
- $730.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Collingswood, NJ
- Founding
- 01/1984
- Data as of
- 06/2022
- EIN
- 22-2464653
Organization Overview
Multiple Sclerosis Housing Inc is located in Collingswood, NJ. The organization was established in 1984. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multiple Sclerosis Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Multiple Sclerosis Housing Inc generated $730.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $734.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNS AND OPERATES AN APARTMENT COMPLEX OF 40 UNITS WHICH PROVIDES HOUSING FACILITIES AND SERVICES FOR LOW-INCOME ELDERLY AND HANDICAPPED PERSONS. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. SUCH FACILITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Ackerman Board Member | Trustee | 0.25 | $0 |
Gary Backinoff ESQ Board Member | Trustee | 0.25 | $0 |
C Sean Closkey President | OfficerTrustee | 0.25 | $0 |
Anthony Cupano Vice President | Trustee | 0.25 | $0 |
John D'anastasio Secretary/treas | Trustee | 0.25 | $0 |
Robert Willis Board Member | OfficerTrustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $603,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $603,502 |
| Total Program Service Revenue | $126,420 |
| Investment income | $237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $730,159 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $137,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $36,116 |
| Payroll taxes | $13,247 |
| Fees for services: Management | $51,256 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $332 |
| Office expenses | $24,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $64,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,486 |
| Insurance | $27,849 |
| All other expenses | $49,462 |
| Total functional expenses | $734,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,898 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,163 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,945 |
| Net Land, buildings, and equipment | $1,339,891 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $169,796 |
| Other assets | $1,128,171 |
| Total assets | $2,857,864 |
| Accounts payable and accrued expenses | $75,217 |
| Grants payable | $0 |
| Deferred revenue | $4,651 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,597,877 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,064 |
| Total liabilities | $1,688,809 |
| Net assets without donor restrictions | $1,169,055 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,857,864 |