Moorestown Ecumenical Neighborhood Development Inc
- Assets
- $16.5m
- Revenue
- $2.7m
- Investments
- $1.3m
- Employees
- 26
- Location
- Moorestown, NJ
- Founding
- 04/1970
- Data as of
- 12/2021
- EIN
- 23-7037297
Organization Overview
Moorestown Ecumenical Neighborhood Development Inc is located in Moorestown, NJ. The organization was established in 1970. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Moorestown Ecumenical Neighborhood Development Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moorestown Ecumenical Neighborhood Development 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 12/2021, Moorestown Ecumenical Neighborhood Development Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELFARE OF THE NEEDY, ELDERLY, HANDICAPPED, AND WORKING FAMILIES THROUGH THE PROVISION OF HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS WHO DO NOT POSSESS THE MEANS TO FURNISH THEMSELVES WITH DECENT, SAFE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DECENT, SAFE HOUSING AT LOW RENTAL RATES TO LOW AND MODERATE INCOME INDIVIDUALS INCLUDING GOVERNMENT SUBSIDIZED UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Wirth President/ceo | OfficerTrustee | 39 | $141,653 |
Stephanie Blackwell Secretary | Officer | 39 | $70,112 |
Tom Zemaitis Chairperson | OfficerTrustee | 1 | $0 |
John Khanlian Vice Chairperson | OfficerTrustee | 1 | $0 |
Garrick Stafford Treasurer | OfficerTrustee | 1 | $0 |
Donna-Lee Durden Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $429,550 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $456,386 |
| Total Program Service Revenue | $1,962,772 |
| Investment income | $141,659 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $69,349 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,663,528 |
| 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. | $244,800 |
| Compensation of current officers, directors, key employees. | $174,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $800,281 |
| Pension plan accruals and contributions | $11,264 |
| Other employee benefits | $126,750 |
| Payroll taxes | $104,082 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,813 |
| Fees for services: Accounting | $38,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,324 |
| Fees for services: Other | $26,382 |
| Advertising and promotion | $0 |
| Office expenses | $115,628 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $282,617 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,208 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $304,876 |
| Insurance | $82,119 |
| All other expenses | $0 |
| Total functional expenses | $2,662,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,231 |
| Savings and temporary cash investments | $456,852 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,613 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,214,105 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,083 |
| Net Land, buildings, and equipment | $5,983,842 |
| Investments—publicly traded securities | $3,442,707 |
| Investments—other securities | $1,303,319 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $509,563 |
| Total assets | $16,460,315 |
| Accounts payable and accrued expenses | $166,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $123,260 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,211,120 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $106,307 |
| Total liabilities | $5,607,109 |
| Net assets without donor restrictions | $8,621,953 |
| Net assets with donor restrictions | $2,231,253 |
| 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 | $16,460,315 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Moorestown Ecumenical Neighborhood Development Inc has recieved totaling $267.
| Awarding Organization | Amount |
|---|---|
Columbia Bank Foundation Fair Lawn, NJ PURPOSE: 16TH ANNUAL MULLIGAN GOLF OUTING - 9/13/21 - HOLE SPONSOR | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |