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Nonprofiteer
← MORAVIAN COLLEGE HOUSING INC

Form 990 for tax year 2023

Filed by MORAVIAN COLLEGE HOUSING INC.

Totals

Total revenue
$2,387,592
Total expenses
$2,097,344
Contributions and grants received
$0
Grants paid
$242,500
Program service revenue
$2,318,672
Investment income
$68,920
Other revenue
$0
Total assets, end of year
$17,152,018
Total liabilities, end of year
$17,111,825
Net assets or fund balances, end of year
$40,193
Program services expenses (Part IX)
$2,097,214
Management and general expenses
$130
Fundraising expenses
$0
Program service expenses (Part III)
$2,097,214

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Student Rents

    total $2,199,947 · related or exempt $2,199,947 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Moravian University Rental Income

    total $118,725 · related or exempt $118,725 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $68,920 · related or exempt $68,920 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $242,500 · program services $242,500

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $577,992 · program services $577,992 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $529,523 · program services $529,523 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $718,937 · program services $718,937 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Bank Service Charges

    total $99 · program services $0 · management and general $99 · fundraising $0

  • 24b · Other expenses: Building Repairs

    total $28,079 · program services $28,079 · management and general $0 · fundraising $0

  • 24c · Other expenses: Dance Studio Project Expense

    total $214 · program services $183 · management and general $31 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,507,972 · end of year $760,381

  • 2 · Savings and temporary cash investments

    beginning of year $1,085,289 · end of year $2,084,209

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $29,696

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $18,679,165

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,081,313

  • 10c · Land, buildings and equipment, net

    beginning of year $14,138,991 · end of year $13,597,852

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $167,847 · end of year $24,555

  • 15 · Other assets

    beginning of year $624,867 · end of year $655,325

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,905 · end of year $294,533

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $770,952 · end of year $720,673

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,239,990 · end of year $14,482,490

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,614,129 · end of year $1,614,129

  • 27 · Net assets without donor restrictions

    beginning of year -$325,010 · end of year $40,193

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

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

  • Program expenses consists of occupancy and maintenance costs incurred in providing housing to the residents of Moravian University Housing. The program provided housing, education, access to dining, entertainment and transportation to its residents in an integrated living and learning community. The facility's maximum capacity for the fiscal year ended 6/30/2024 is 235. The number of residents were 222 and 205 for the Fall 2023 and Spring 2024 semesters respectively. Occupants include undergraduate and graduate students and a Student Affairs Director.

    Expenses $2,097,214 · Grants $242,500 · Revenue $2,318,672

As filed on the 2023 return.

Listed in Part VII

  • Bryon Grigsby

    Board Co-Chair; MUHI President

    Total calculated
    $572,898
    From this org
    $0
    From related orgs
    $494,112
    Other
    $78,786
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,519 related
    Bonus
    $0 + $65,961 related
    Other
    $0 + $4,632 related
    Deferred
    $0 + $26,400 related
    Nontaxable benefits
    $0 + $52,386 related
    Filer's total
    $0 + $572,898 related

  • Nicole Loyd

    MUHI Vice President

    Total calculated
    $257,480
    From this org
    $0
    From related orgs
    $229,579
    Other
    $27,901
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $229,579 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,484 related
    Nontaxable benefits
    $0 + $9,417 related
    Filer's total
    $0 + $257,480 related

  • Mark Reed

    Board Treasurer; MUHI Treasurer

    Total calculated
    $237,138
    From this org
    $0
    From related orgs
    $218,298
    Other
    $18,840
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,298 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,439 related
    Nontaxable benefits
    $0 + $1,401 related
    Filer's total
    $0 + $237,138 related

  • Brian Oswald

    Board Co-Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Ray S Bishop Jr

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 4
Dr. Bryon Grigsby (MUHI Board Co-Chair & Moravian University President) participates in a supplemental 457b non-qualified plan through Moravian University, a related organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
8 May 2025
IRS schema version
2023v6.0
Source object
202501289349300520

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