Skip to content
Nonprofiteer
← HOUSING PARTNERSHIP FOR MORRIS COUNTY INC

Form 990 for tax year 2025

Filed by HOUSING PARTNERSHIP FOR MORRIS COUNTY INC.

Totals

Total revenue
$946,445
Total expenses
$1,154,779
Contributions and grants received
$737,786
Grants paid
$0
Program service revenue
$187,312
Investment income
$8,236
Other revenue
$13,111
Total assets, end of year
$1,513,247
Total liabilities, end of year
$356,015
Net assets or fund balances, end of year
$1,157,232
Program services expenses (Part IX)
$932,359
Management and general expenses
$145,508
Fundraising expenses
$76,912
Program service expenses (Part III)
$932,359

Program services were 80.7% 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.

  • 1b · Membership dues

    $110,000

  • 1e · Government grants (contributions)

    $417,362

  • 1f · All other contributions, gifts and grants

    $210,424

  • 2a · Program service revenue: CLIENT COUNSELING INCO

    total $187,312 · related or exempt $187,312

  • 3 · Investment income

    total $8,236 · excluded $8,236

  • 8a · Fundraising events: gross income

    $10,000

  • 8b · Fundraising events: direct expenses

    $18,688

  • 8c · Net income from fundraising events

    total -$8,688 · excluded -$8,688

  • 11a · Other revenue: OTHER INCOME

    total $21,799 · related or exempt $21,799

  • 11e · Other revenue, total

    $21,799

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $130,319 · program services $104,255 · management and general $16,942 · fundraising $9,122

  • 7 · Other salaries and wages

    total $518,691 · program services $414,952 · management and general $67,430 · fundraising $36,309

  • 8 · Pension plan contributions

    total $4,070 · program services $3,256 · management and general $529 · fundraising $285

  • 9 · Other employee benefits

    total $82,744 · program services $66,195 · management and general $10,756 · fundraising $5,793

  • 10 · Payroll taxes

    total $62,282 · program services $49,826 · management and general $8,097 · fundraising $4,359

  • 11b · Fees: legal

    total $20,212 · program services $16,170 · management and general $2,628 · fundraising $1,414

  • 11c · Fees: accounting

    total $46,636 · program services $37,309 · management and general $6,062 · fundraising $3,265

  • 11g · Fees: other

    total $73,025 · program services $58,420 · management and general $9,493 · fundraising $5,112

  • 12 · Advertising and promotion

    total $1,539 · program services $1,231 · management and general $199 · fundraising $109

  • 13 · Office expenses

    total $39,309 · program services $31,446 · management and general $5,111 · fundraising $2,752

  • 16 · Occupancy

    total $76,024 · program services $60,819 · management and general $9,883 · fundraising $5,322

  • 17 · Travel

    total $15,384 · program services $12,307 · management and general $2,000 · fundraising $1,077

  • 20 · Interest

    total $2,677 · management and general $2,677

  • 22 · Depreciation, depletion and amortization

    total $8,571 · program services $6,856 · management and general $1,115 · fundraising $600

  • 23 · Insurance

    total $11,353 · program services $9,082 · management and general $1,476 · fundraising $795

  • 24a · Other expenses: CREDIT LOSS EXPENSE

    total $20,000 · program services $20,000

  • 24b · Other expenses: HOMEBUYER ASSISTANCE

    total $16,563 · program services $16,563

  • 24c · Other expenses: CDFI EXPENSE

    total $13,000 · program services $13,000

  • 24d · Other expenses: PROGRAM FACILITY & EQUI

    total $7,821 · program services $6,257 · management and general $1,017 · fundraising $547

  • 24e · All other expenses

    total $4,559 · program services $4,415 · management and general $93 · fundraising $51

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $118,762 · end of year $88,144

  • 2 · Savings and temporary cash investments

    beginning of year $714,234 · end of year $417,427

  • 3 · Pledges and grants receivable

    beginning of year $163,000 · end of year $15,000

  • 4 · Accounts receivable

    beginning of year $43,395 · end of year $303,433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,923 · end of year $31,323

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

    $180,286

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

    $135,286

  • 10c · Land, buildings and equipment, net

    beginning of year $49,686 · end of year $45,000

  • 15 · Other assets

    beginning of year $610,185 · end of year $612,920

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,881 · end of year $130,907

  • 19 · Deferred revenue

    beginning of year $13,000

  • 25 · Other liabilities

    beginning of year $261,738 · end of year $225,108

  • 27 · Net assets without donor restrictions

    beginning of year $1,361,383 · end of year $1,153,049

  • 28 · Net assets with donor restrictions

    beginning of year $4,183 · end of year $4,183

Mission and programs · 2025

Mission

TO CREATE PATHWAYS TO SUSTAINABLE HOMEOWNERSHIP FOR LOW- AND MODERATE-INCOME FAMILIES THROUGH EDUCATION, COUNSELING, AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, AND ACCESS TO FINANCIAL RESOURCES.

Activities or mission (Part I)

TO CREATE PATHWAYS TO SUSTAINABLE HOMEOWNERSHIP FOR LOW- AND MODERATE-INCOME FAMILIES.

  • HOUSING PARTNERSHIP OF NEW JERSEY PREPARES LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES FOR SUSTAINABLE HOMEOWNERSHIP THROUGH HUD-CERTIFIED HOUSING COUNSELING, HOMEBUYER EDUCATION, FINANCIAL CAPABILITY COACHING, AND FORECLOSURE PREVENTION SERVICES. INDIVIDUAL AND GROUP COUNSELING AND ONLINE LEARNING HELP CLIENTS IMPROVE CREDIT, STRENGTHEN FINANCIAL READINESS, UNDERSTAND MORTGAGE RESPONSIBILITIES, NAVIGATE THE HOMEBUYING PROCESS, AND RESPOND TO THREATS TO HOUSING STABILITY. BY PROVIDING TRUSTED GUIDANCE BEFORE, DURING, AND AFTER A HOME PURCHASE, HOUSING PARTNERSHIP HELPS FAMILIES MAKE INFORMED DECISIONS THAT SUPPORT LONG-TERM HOUSING STABILITY AND FINANCIAL WELL-BEING.

    Expenses $932,359 · Revenue $209,111

  • HOUSING PARTNERSHIP OF NEW JERSEY PARTNERS WITH MUNICIPALITIES, NONPROFIT ORGANIZATIONS, AND AFFORDABLE HOUSING DEVELOPERS TO EXPAND AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS. AS AN EXPERIENCED ADMINISTRATIVE AGENT, THE ORGANIZATION PROVIDES AFFIRMATIVE MARKETING, APPLICANT ELIGIBILITY AND INCOME CERTIFICATION, WAITING LIST MANAGEMENT, RESALE AND RE-RENTAL ADMINISTRATION, COMPLIANCE MONITORING, AND ONGOING PROGRAM OVERSIGHT. THESE SERVICES HELP ENSURE AFFORDABLE HOMES ARE MARKETED FAIRLY, OCCUPIED BY INCOME-QUALIFIED HOUSEHOLDS, AND PRESERVED AS LONG-TERM COMMUNITY ASSETS. HOUSING PARTNERSHIP ADMINISTERS APPROXIMATELY 700 AFFORDABLE HOMES IN COMMUNITIES THROUGHOUT NEW JERSEY.

  • HOUSING PARTNERSHIP OF NEW JERSEY HELPS LOW- AND MODERATE-INCOME INDIVIDUALS AND FAMILIES OVERCOME FINANCIAL BARRIERS TO HOMEOWNERSHIP THROUGH TARGETED ASSISTANCE PROGRAMS. ITS DOWN PAYMENT ASSISTANCE PROGRAM PROVIDES ELIGIBLE HOMEBUYERS WITH RESOURCES THAT REDUCE UPFRONT PURCHASE COSTS AND EXPAND ACCESS TO SUSTAINABLE HOMEOWNERSHIP. BY COMBINING FINANCIAL ASSISTANCE WITH HOMEBUYER EDUCATION AND HOUSING COUNSELING, HOUSING PARTNERSHIP HELPS FAMILIES ENTER HOMEOWNERSHIP WITH GREATER FINANCIAL PREPAREDNESS AND LONG-TERM STABILITY. DURING 2025, THE ORGANIZATION ALSO INVESTED IN ITS CAPACITY TO EXPAND FUTURE RESPONSIBLE HOMEOWNERSHIP FINANCING INITIATIVES FOR UNDERSERVED COMMUNITIES.

As filed on the 2025 return.

Listed in Part VII

  • Debra L Zimmerly

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Edward J Buzak Esq

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rene Henriquez

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Kenneth R Sauter Esq

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Sarah Marie Bach

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Christopher Mignone

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Joel A Murphy Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Deborah Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Testa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Sandy Castor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Jayson Frank

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Cynthia Richardson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dorothy Rivers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Shalynn Kellogg

    EXECUTIVE DIRECTOR

    Total calculated
    $114,118
    From this org
    $82,191
    From related orgs
    $0
    Other
    $31,927
    Hours/week
    40

  • Blair Wilson

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $16,200
    From this org
    $16,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
11 August 2026
IRS schema version
2025v4.2
Source object
202602249349300225

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.