Moravian Developement Corp

Organization Overview

Moravian Developement Corp is located in Bethlehem, PA. The organization was established in 2006. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Moravian Developement Corp employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moravian Developement Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MORAVIAN DEVELOPMENT CORPORATION'S MISSION IS TO PLAN, CONSTRUCT, REHABILITATE, IMPROVE, MAINTAIN, OPERATE, AND RENT HOUSING FOR LOWER INCOME FAMILIES, THE ELDERLY AND THE DISABLED ON A NONPROFIT BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALL COSTS ASSOCIATED WITH THE OPERATION AND RENTING OF HOUSING TO LOW INCOME, ELDERLY AND HANDICAPPED INDIVIDUALS ARE REFLECTED ON FORM 990 AS RENTAL EXPENDITURES AND NOT PROGRAM COSTS. PROGRAM COSTS CONSIST OF GRANTS TO OTHER NOT FOR PROFIT ENTITIES TO SUPPORT THEIR MISSION OUTREACH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Direct Energy
Electrical Provider
$214,442
Gcfk Insurance
Insurance Premiums
$140,545
Burkholders Heating And Air Conditioning
Air System Upgrades
$296,804
View All Vendors

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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,325,668
Investment income $69,521
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$982,392
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue -$469,150

Grants Awarded

Over the last fiscal year, Moravian Developement Corp has awarded $436,952 in support to 2 organizations.

Grant RecipientAmount

BETHLEHEM AREA MORAVIANS

Org PageRecipient Profile

Bethlehem, PA

PURPOSE: Cancellation of Mortgage to support the acquisition of historically significant property

$406,952

BETHLEHEM AREA MORAVIANS

Org PageRecipient Profile

Bethlehem, PA

PURPOSE: To support Mission Outreach

$30,000
View Grant Profile

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