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Nonprofiteer
← HOUSING PARTNERSHIP FOR MORRIS COUNTY INC

Form 990 for tax year 2024

Filed by HOUSING PARTNERSHIP FOR MORRIS COUNTY INC.

Totals

Total revenue
$705,170
Total expenses
$1,020,926
Contributions and grants received
$662,582
Grants paid
$0
Program service revenue
$82,810
Investment income
$12,730
Other revenue
-$52,952
Total assets, end of year
$1,709,185
Total liabilities, end of year
$343,619
Net assets or fund balances, end of year
$1,365,566
Program services expenses (Part IX)
$817,840
Management and general expenses
$134,627
Fundraising expenses
$68,459
Program service expenses (Part III)
$817,840

Program services were 80.1% 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

    $127,500

  • 1e · Government grants (contributions)

    $329,498

  • 1f · All other contributions, gifts and grants

    $205,584

  • 2a · Program service revenue: CLIENT COUNSELING INCO

    total $82,810 · related or exempt $82,810

  • 3 · Investment income

    total $12,730 · excluded $12,730

  • 8a · Fundraising events: gross income

    $15,532

  • 8b · Fundraising events: direct expenses

    $69,884

  • 8c · Net income from fundraising events

    total -$54,352 · excluded -$54,352

  • 11a · Other revenue: OTHER INCOME

    total $1,400 · related or exempt $1,400

  • 11e · Other revenue, total

    $1,400

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,013 · program services $103,211 · management and general $16,771 · fundraising $9,031

  • 7 · Other salaries and wages

    total $358,082 · program services $286,466 · management and general $46,551 · fundraising $25,065

  • 8 · Pension plan contributions

    total $10,277 · program services $8,221 · management and general $1,336 · fundraising $720

  • 9 · Other employee benefits

    total $19,575 · program services $15,660 · management and general $2,545 · fundraising $1,370

  • 10 · Payroll taxes

    total $48,813 · program services $39,050 · management and general $6,346 · fundraising $3,417

  • 11g · Fees: other

    total $125,163 · program services $100,131 · management and general $16,271 · fundraising $8,761

  • 12 · Advertising and promotion

    total $9,240 · program services $7,392 · management and general $1,200 · fundraising $648

  • 13 · Office expenses

    total $94,790 · program services $75,832 · management and general $12,324 · fundraising $6,634

  • 16 · Occupancy

    total $56,002 · program services $44,802 · management and general $7,280 · fundraising $3,920

  • 17 · Travel

    total $91,663 · program services $73,331 · management and general $11,916 · fundraising $6,416

  • 20 · Interest

    total $7,488 · management and general $7,488

  • 22 · Depreciation, depletion and amortization

    total $6,366 · program services $5,092 · management and general $828 · fundraising $446

  • 23 · Insurance

    total $8,507 · program services $6,806 · management and general $1,106 · fundraising $595

  • 24a · Other expenses: STAFF INCENTIVES

    total $17,265 · program services $17,265

  • 24b · Other expenses: PROGRAM FACILITY & EQUI

    total $15,287 · program services $12,230 · management and general $1,987 · fundraising $1,070

  • 24c · Other expenses: HOMEBUYER ASSISTANCE

    total $14,468 · program services $14,468

  • 24d · Other expenses: BANK FEES

    total $5,222 · program services $4,178 · management and general $678 · fundraising $366

  • 24e · All other expenses

    total $3,705 · program services $3,705

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $291,184 · end of year $118,762

  • 2 · Savings and temporary cash investments

    beginning of year $967,182 · end of year $714,234

  • 3 · Pledges and grants receivable

    end of year $163,000

  • 4 · Accounts receivable

    beginning of year $85,962 · end of year $43,395

  • 9 · Prepaid expenses and deferred charges

    end of year $9,923

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

    $176,403

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

    $126,717

  • 10c · Land, buildings and equipment, net

    beginning of year $27,762 · end of year $49,686

  • 15 · Other assets

    beginning of year $579,431 · end of year $610,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,737 · end of year $68,881

  • 19 · Deferred revenue

    end of year $13,000

  • 25 · Other liabilities

    beginning of year $202,462 · end of year $261,738

  • 27 · Net assets without donor restrictions

    beginning of year $1,677,139 · end of year $1,361,383

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2024

Mission

STRENGTHENING COMMUNITIES BY CREATING LASTING AND RESPONSIBLE HOMEOWNERSHIP.

Activities or mission (Part I)

TO PROVIDE A RESOURCE CENTER TO THE PUBLIC REGARDING AFFORDABLE HOUSING.

  • HOUSING PARTNERSHIP FOR MORRIS COUNTY, INC. HELD MANY SEMINARS EDUCATING LOW AND MODERATE INCOME INDIVIDUALS REGARDING AFFORDABLE HOUSING AND FORECLOSURE, AS WELL AS PROVIDED FOLLOW UP MEETINGS TO QUALIFIED ATTENDEES. THE ORGANIZATION WAS ABLE TO CONTINUE TO OFFER SERVICES WHILE TRANSITIONING INTO IN PERSON SERVICES.

    Expenses $817,840 · Revenue $84,210

As filed on the 2024 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

  • Pablo Bautista

    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
    $129,014
    From this org
    $101,424
    From related orgs
    $0
    Other
    $27,590
    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
2024
Filed
20 August 2025
IRS schema version
2024v5.2
Source object
202522339349300432

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