Moravian Homes Inc
- Assets
- $27.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 09/1980
- Data as of
- 06/2022
- EIN
- 39-1324889
Organization Overview
Moravian Homes Inc is located in Watertown, WI. The organization was established in 1980. According to its NTEE Classification (P28) the organization is classified as: Neighborhood Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moravian Homes 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, Moravian Homes Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 15.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORAVIAN HOMES, INC. IS COMPRISED OF FOUR INDEPENDENT LIVING COMPLEXES. GARDEN HOMES - A 72-UNIT DUPLEX INDEPENDENT LIVING COMMUNITY, PARK CENTRE APARTMENTS NORTH - A 50-UNIT INDEPENDENT LIVING COMPLEX, PARK CENTRE APARTMENTS SOUTH - A 53-UNIT INDEPENDENT LIVING COMPLEX AND PARK CENTRE APARTMENTS - A 24 UNIT INDEPENDENT LIVING COMPLEX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Fischer Board President | Trustee | 1 | $0 |
William Oswald Board Vice President | Trustee | 1 | $0 |
Robert Meidenbauer Board Secretary/treasurer | Trustee | 1 | $0 |
Scott Dettmann Baord Asst Secretary/treasu | Trustee | 1 | $0 |
Rev Bruce Nelson Board Member | Trustee | 1 | $0 |
Mike Wilkes Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Horizon Foods Dietary Labor & Services | 6/29/22 | $2,174,912 |
Maas Bros Construction Co Inc Contracting & Construction | 6/29/22 | $1,394,011 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,521,846 |
| Investment income | $0 |
| 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 | $3,521,846 |
| 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 | $58,264 |
| Pension plan accruals and contributions | $1,215 |
| Other employee benefits | $7,190 |
| Payroll taxes | $3,786 |
| Fees for services: Management | $242,113 |
| Fees for services: Legal | $2,585 |
| Fees for services: Accounting | $6,563 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,493,869 |
| Advertising and promotion | $379,162 |
| Office expenses | $60,772 |
| Information technology | $35,625 |
| Royalties | $0 |
| Occupancy | $824,261 |
| Travel | $10,298 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,123 |
| Interest | $523,590 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,966,498 |
| Insurance | $89,580 |
| All other expenses | $0 |
| Total functional expenses | $6,017,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,274 |
| 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 | $15,838 |
| Net Land, buildings, and equipment | $27,508,897 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,527,009 |
| Accounts payable and accrued expenses | $1,782,216 |
| Grants payable | $0 |
| Deferred revenue | $1,334,582 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,434,490 |
| Total liabilities | $45,551,288 |
| Net assets without donor restrictions | -$18,024,279 |
| 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 | $27,527,009 |