Moravian Homes Inc
- Assets
- $28.1m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 09/1980
- Data as of
- 06/2021
- 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 06/2021, Moravian Homes Inc generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $5.8m during the year ending 06/2021. While expenses have increased by 17.1% per year over the past 6 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
2021
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 |
|---|---|---|---|
Bill Oswald Vice President | OfficerTrustee | 0.5 | $0 |
Todd Fischer President | OfficerTrustee | 0.5 | $0 |
Mark Pietrowiak President | OfficerTrustee | 0.5 | $0 |
Matthew Mauthe CEO | Officer | 5 | $0 |
Michael Libby COO | Officer | 5 | $0 |
Sherry Cira Cqo | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Maas Bros Construction Co Inc Contracting & Construction | 6/29/21 | $496,900 |
New Horizon Foods Dietary Labor & Services | 6/29/21 | $2,001,230 |
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 | $7,176 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,176 |
| Total Program Service Revenue | $3,265,774 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,792 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,247,158 |
| 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 | $58,720 |
| Pension plan accruals and contributions | $861 |
| Other employee benefits | $6,843 |
| Payroll taxes | $4,149 |
| Fees for services: Management | $228,682 |
| Fees for services: Legal | $1,172 |
| Fees for services: Accounting | $8,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,394,183 |
| Advertising and promotion | $550,404 |
| Office expenses | $59,127 |
| Information technology | $23,864 |
| Royalties | $0 |
| Occupancy | $741,293 |
| Travel | $1,435 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $277 |
| Interest | $454,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,871,726 |
| Insurance | $79,460 |
| All other expenses | $0 |
| Total functional expenses | $5,794,842 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $444,025 |
| 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 | $0 |
| Net Land, buildings, and equipment | $27,619,578 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,063,603 |
| Accounts payable and accrued expenses | $826,905 |
| Grants payable | $0 |
| Deferred revenue | $1,430,016 |
| 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 | $41,335,104 |
| Total liabilities | $43,592,025 |
| Net assets without donor restrictions | -$15,528,422 |
| 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 | $28,063,603 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Moravian Homes Inc has recieved totaling $7,176.
| Awarding Organization | Amount |
|---|---|
Marquardt Foundation Inc Watertown, WI PURPOSE: FUND OPERATIONS | $7,176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christopher House Chicago, IL | $33,720,951 | $17,812,600 |
Harry And Rose Samson Family Jewish Community Center Inc Milwaukee, WI | $35,315,699 | $16,004,806 |
Illinois Valley Economic Development Corporation Gillespie, IL | $10,213,117 | $12,871,586 |
Pillsbury United Communities Minneapolis, MN | $18,864,376 | $15,266,660 |
Lakes & Prairies Community Action Partnership Inc Moorhead, MN | $5,391,200 | $11,078,920 |
Erie Neighborhood House Chicago, IL | $11,699,595 | $9,786,163 |
East Side Neighborhood Service Inc Minneapolis, MN | $7,670,866 | $8,888,574 |
Irwin A And Robert D Goodman Community Center Inc Madison, WI | $24,842,387 | $10,176,996 |
Jewish Community Center Of Metropolitan Detroit West Bloomfield, MI | $28,442,224 | $11,397,517 |
The Ark Chicago, IL | $15,671,677 | $9,993,897 |
Childrens Outing Assn Milwaukee, WI | $15,302,418 | $8,063,882 |
Lessie Bates Davis Neighborhood House Inc East St Louis, IL | $5,941,226 | $7,265,748 |