Civic Intelligence

Moravian University Housing Inc

990 • Fiscal year 2013 • EIN 26-0466209

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 17, 2014

Organization Profile
561 East Market Street18018

(610) 866-1841

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

1.24x

Higher debt load relative to assets than 97% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

97th percentile

14.79x

Higher debt load relative to revenue than 97% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

8th percentile

-33%

Higher net margin than 8% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

20th percentile

-3.2%

Faster asset growth than 20% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$22,632,832

Down $744,656 (-3.2%) from 2012

Net Assets

Up

-$5,402,257

Up $219,931 (+3.9%) from 2012

Liabilities

Down

$28,035,089

Down $964,587 (-3.3%) from 2012

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin8th percentile

Revenue

$1,895,850

No earlier filing loaded for comparison.

Expenses

Down

$2,515,138

Down $26,069 (-1.0%) from 2012

Net Income

-$619,288

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2010: $25,005,615Liabilities 2010: $26,376,829Net Assets 2010: -$1,371,2142010Assets 2011: $24,281,155Liabilities 2011: $26,288,596Net Assets 2011: -$2,007,4412011Assets 2012: $23,377,488Liabilities 2012: $28,999,676Net Assets 2012: -$5,622,1882012Assets 2013: $22,632,832Liabilities 2013: $28,035,089Net Assets 2013: -$5,402,2572013Assets 2014: $21,642,533Liabilities 2014: $27,494,084Net Assets 2014: -$5,851,5512014Assets 2017: $20,030,007Liabilities 2017: $23,223,003Net Assets 2017: -$3,192,9962017Assets 2018: $19,452,843Liabilities 2018: $21,705,654Net Assets 2018: -$2,252,8112018Assets 2019: $18,671,388Liabilities 2019: $21,635,044Net Assets 2019: -$2,963,6562019Assets 2020: $18,431,325Liabilities 2020: $22,223,022Net Assets 2020: -$3,791,6972020Assets 2021: $17,938,652Liabilities 2021: $20,636,441Net Assets 2021: -$2,697,7892021Assets 2022: $17,436,598Liabilities 2022: $18,572,050Net Assets 2022: -$1,135,4522022Assets 2023: $17,524,966Liabilities 2023: $17,849,976Net Assets 2023: -$325,0102023Assets 2024: $17,152,018Liabilities 2024: $17,111,825Net Assets 2024: $40,1932024

Highlighted filing

2013

Assets$22,632,832
Liabilities$28,035,089
Net Assets-$5,402,257
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,566,6812010Expenses 2011: $2,525,9022011Expenses 2012: $2,541,2072012Revenue 2013: $1,895,850Expenses 2013: $2,515,138Net Income 2013: -$619,2882013Revenue 2014: $1,669,690Expenses 2014: $2,496,015Net Income 2014: -$826,3252014Revenue 2017: $1,841,603Expenses 2017: $1,984,006Net Income 2017: -$142,4032017Revenue 2018: $1,880,542Expenses 2018: $1,879,127Net Income 2018: $1,4152018Revenue 2019: $2,011,344Expenses 2019: $1,703,286Net Income 2019: $308,0582019Revenue 2020: $2,128,811Expenses 2020: $1,631,174Net Income 2020: $497,6372020Revenue 2021: $1,840,333Expenses 2021: $1,652,060Net Income 2021: $188,2732021Revenue 2022: $2,148,938Expenses 2022: $2,003,509Net Income 2022: $145,4292022Revenue 2023: $2,265,215Expenses 2023: $2,016,548Net Income 2023: $248,6672023Revenue 2024: $2,387,592Expenses 2024: $2,097,344Net Income 2024: $290,2482024

Highlighted filing

2013

Revenue$1,895,850
Expenses$2,515,138
Net Income-$619,288
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Apr 17, 2014
Return Version
2013v3.0
Gross Receipts
$1,895,850
Mission and Program Overview

Mission

The Mission of Moravian University Housing is to provide charitable, housing, educational and scientific opportunities to students of Moravian University.

The mission of Moravian College Housing is to provide charitable, educational and scientific opportunities to its student residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$20,314,299$19,691,343▼ $622,956
Intangible Assets$1,671,737$1,528,445▼ $143,292
Savings and Temporary Cash Investments$1,191,991$1,142,309▼ $49,682
Cash and Non-Interest-Bearing Accounts$180,468$249,556▲ $69,088
Prepaid Expenses and Deferred Charges$18,993$21,179▲ $2,186
Accounts Receivable$0--
Total Assets$23,377,488$22,632,832▼ $744,656
Liabilities
Tax Exempt Bond Liabilities$21,240,000$20,830,000▼ $410,000
Unsecured Notes Loans Payable$4,826,353$5,106,353▲ $280,000
Other Liabilities$2,870,491$2,031,272▼ $839,219
Accounts Payable and Accrued Expenses$62,832$67,464▲ $4,632
Total Liabilities$28,999,676$28,035,089▼ $964,587
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-5,622,188$-5,402,257▲ $219,931
Total Net Assets Fund Balance$-5,622,188$-5,402,257▲ $219,931
Total Liabilities and Net Assets / Fund Balance$23,377,488$22,632,832▼ $744,656

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,216,045$2,335,724$21,551,769
Equipment$475,298$363,467$838,765
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Daniel Soos CPAboard member
David RothBoard Member
Dennis DomcheckBoard Member
Mark ReedBoard Member
Tracy PattonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,893,937
Investment Income
$1,913
Other Revenue
$0
Change in Net Assets
$-619,288

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$25,000fair value
Total Noncash Contributions1$25,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,895,850
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$864,219
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,760,069
Total Revenue per Form 990
$1,895,850
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,515,138
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$1,415,284--$1,415,284
Depreciation Depletion$766,248--$766,248
Occupancy$270,171--$270,171
Insurance$46,243$1,150-$47,393
Fees for Services Management$9,996--$9,996
Fees for Services Accounting-$5,525-$5,525
Office Expenses-$521-$521
Total Functional Expenses$2,507,942$7,196$0$2,515,138

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,540,138
Expenses per Audited Statements$2,515,138
Total Expenses per Form 990$2,515,138
Expenses Not Reported on Form 990$25,000
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David RothCEO of MDC CorpMr Roth is CEO of MDC Corp. MCH accrued 200K in accrued interest in 2013 on loan from MDC to MCHNo$200,000
Mark ReedVP of Finance - Moravian CollegeMr. Reed is the VP of Finance @ Moravian College. MCH accrued 80K of interest due on note provided from the College to MCHNo$80,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$2,031,272
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Form 990 is prepared by the Chief Financial Officer of the Moravian Development Corporation. The 990 is then submitted to the Board of Directors of MCH for review. The Board of Directors reviews the 990 for accuracy and presentation. If the Board feels that the filing is correct, they authorize the CFO to to sign and file the tax return with the proper authorities.”

Form 990, Part VI, Section B, Line 12C

“All board/committee members are required to submit annually a conflict of interest survey, detailing all conflicts of interest with the Organization The surveys are submitted to the Chief Financial Officer, who reviews for conflicts. If it is determined that there is a conflict, the materiality of the conflict is reviewed at the Board of Director level. If it is determined by the Board of Directors that the conflict would impair Board Member from acting impartially, the Board Member will be asked to rescind their position on the Board. if it is determined that the conflict is minor in nature, the Board Member will be required to refrain from voting on any measure associated with this conflict.”

Form 990, Part VI, Section B, Line 15

“All management functions performed by contractors or in the case of Key employees, the Board of Directors and volunteers. All contractor compensation agreements are reviewed by the CFO of the Moravian Development Corporation. For material transactions, the Board of Directors reviews and approves all material amounts paid to contractors. For the year end 12/31/2013, MCH did not have its own internal employees.”

Form 990, Part VI, Section C, Line 19

“Documents open to the public upon request”

Filing and Contact Details

Filer

EIN
26-0466209
Phone
6108661841

Signing Officer

Name
Daniel Soos
Title
Chief financial officer
Phone
6108661841
Signed
2014-04-17

Organization Details

Principal Officer
David Roth CEO
Formed
2007
Legal Domicile
Pa
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Unrealized Gain on Interest Rate Swap”

Financial Statement Notes

Schedule D, Part X, Line 2

“Uncertain tax positions are evaluated in accordance with FASB ASC 740-10 which clarifies the accounting for uncertainty in income taxes recognized in the Organization's financial statements and prescribes a recognition threshold of more-than-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. FASB ASC 740-10 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, and disclosure. The Organization had no material unrecognized tax benefits or accrued interest or penalties.”

Schedule D, Part XI, Line 2D

“Unrealized Gain on Interest Rate Swap”

Raw XML AppendixShowing 400 of 453 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01191991
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01142309
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01900
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01900
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01913
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02883
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06791
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010933
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt018925
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt041445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01893937
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01794068
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01882884
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01454112
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0703125
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt07728126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01913
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02883
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06791
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010933
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt018925
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt041445
IRS990ScheduleA/InvestmentIncomeCYPct00.00533
IRS990ScheduleA/InvestmentIncomePYPct00.0001
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99467
IRS990ScheduleA/PublicSupportPY509Pct00.999
IRS990ScheduleA/PublicSupportTotal509Amt07730026
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01893937
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01794068
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01882884
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01454112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0705025
IRS990ScheduleA/Total509Grp/TotalAmt07730026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01895850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01796951
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01889675
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01465045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0723950
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07771471
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt019216045
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02335724
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021551769
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt025000
IRS990ScheduleD/DonatedServicesUseFcltsAmt025000
IRS990ScheduleD/EquipmentGrp/BookValueAmt0475298
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0363467
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0838765
IRS990ScheduleD/ExpensesNotReportedAmt025000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02515138
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02031272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Interest Rate Swap Liability
IRS990ScheduleD/OtherRevenueAmt0839219
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt0864219
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01895850
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Uncertain tax positions are evaluated in accordance with FASB ASC 740-10 which clarifies the accounting for uncertainty in income taxes recognized in the Organization's financial statements and prescribes a recognition threshold of more-than-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold has been met. FASB ASC 740-10 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, and disclosure. The Organization had no material unrecognized tax benefits or accrued interest or penalties.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Unrealized Gain on Interest Rate Swap
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part XI, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019691343
IRS990ScheduleD/TotalExpensesPerForm990Amt02515138
IRS990ScheduleD/TotalLiabilityAmt02031272
IRS990ScheduleD/TotalRevenuePerForm990Amt01895850
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02760069
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02540138
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0David Roth
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Mark Reed
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0CEO of MDC Corp
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1VP of Finance - Moravian College
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0200000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt180000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Mr Roth is CEO of MDC Corp. MCH accrued 200K in accrued interest in 2013 on loan from MDC to MCH
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1Mr. Reed is the VP of Finance @ Moravian College. MCH accrued 80K of interest due on note provided from the College to MCH
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/Form8283ReceivedCnt00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Donated use of land
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0fair value
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt025000
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is prepared by the Chief Financial Officer of the Moravian Development Corporation. The 990 is then submitted to the Board of Directors of MCH for review. The Board of Directors reviews the 990 for accuracy and presentation. If the Board feels that the filing is correct, they authorize the CFO to to sign and file the tax return with the proper authorities.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All board/committee members are required to submit annually a conflict of interest survey, detailing all conflicts of interest with the Organization The surveys are submitted to the Chief Financial Officer, who reviews for conflicts. If it is determined that there is a conflict, the materiality of the conflict is reviewed at the Board of Director level. If it is determined by the Board of Directors that the conflict would impair Board Member from acting impartially, the Board Member will be asked to rescind their position on the Board. if it is determined that the conflict is minor in nature, the Board Member will be required to refrain from voting on any measure associated with this conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All management functions performed by contractors or in the case of Key employees, the Board of Directors and volunteers. All contractor compensation agreements are reviewed by the CFO of the Moravian Development Corporation. For material transactions, the Board of Directors reviews and approves all material amounts paid to contractors. For the year end 12/31/2013, MCH did not have its own internal employees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Documents open to the public upon request
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Unrealized Gain on Interest Rate Swap
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt021240000
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt020830000
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt023377488
IRS990/TotalAssetsEOYAmt022632832
IRS990/TotalAssetsGrp/BOYAmt023377488
IRS990/TotalAssetsGrp/EOYAmt022632832
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt07196
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02507942
IRS990/TotalFunctionalExpensesGrp/TotalAmt02515138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt028999676
IRS990/TotalLiabilitiesEOYAmt028035089
IRS990/TotalLiabilitiesGrp/BOYAmt028999676
IRS990/TotalLiabilitiesGrp/EOYAmt028035089
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-5622188

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,632,832
Liabilities
$28,035,089
Net assets
-$5,402,257
Revenue
$1,895,850
Expenses
$2,515,138
Net income
-$619,288
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.2$17.1$0.04$2.39$2.10$0.29
2023Detailed filing. Detailed filing data is available for this year.$17.5$17.8$0.33$2.27$2.02$0.25
2022Detailed filing. Detailed filing data is available for this year.$17.4$18.6$1.14$2.15$2.00$0.15
2021Detailed filing. Detailed filing data is available for this year.$17.9$20.6$2.70$1.84$1.65$0.19
2020Detailed filing. Detailed filing data is available for this year.$18.4$22.2$3.79$2.13$1.63$0.50
2019Detailed filing. Detailed filing data is available for this year.$18.7$21.6$2.96$2.01$1.70$0.31
2018Detailed filing. Detailed filing data is available for this year.$19.5$21.7$2.25$1.88$1.88$0.00
2017Detailed filing. Detailed filing data is available for this year.$20.0$23.2$3.19$1.84$1.98$0.14
2014Detailed filing. Detailed filing data is available for this year.$21.6$27.5$5.85$1.67$2.50$0.83
2013Detailed filing. Detailed filing data is available for this year.$22.6$28.0$5.40$1.90$2.52$0.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$29.0$5.62$2.54
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.3$26.3$2.01$2.53
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$25.0$26.4$1.37$2.57