Morrisville Presbytarian Apartments Residents Association

About Morrisville Presbytarian Apartments Residents Association

Morrisville Presbytarian Apartments Residents Association (EIN: 222466663) is a nonprofit organization based in Lafayette Hl, PA, classified under NTEE code L20Z. The organization reported total revenue of $1.8M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morrisville Presbytarian Apartments Residents Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Morrisville Presbytarian Apartments Residents Association with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Morrisville Presbytarian Apartments Residents Association allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation cannot be assessed as the provided data does not include specific compensation figures for key personnel.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Morrisville Presbytarian Apartments Residents Association's IRS 990 filings:

• Lack of detailed program descriptions and impact reporting beyond financial figures.
• Limited transparency regarding specific executive compensation, as it is not itemized in the provided data.
• The provided data does not clearly separate program expenses from administrative and fundraising, making a precise spending breakdown challenging without further detail.

Strengths

The following positive indicators were identified for Morrisville Presbytarian Apartments Residents Association:

• Consistent revenue generation over several years, indicating stable operations.
• Assets have shown a steady increase from $3,213,736 in 2019 to $3,710,689 in 2023, demonstrating financial growth.
• The organization consistently reports 0% lobbying, suggesting a focus on direct services rather than political advocacy.

Frequently Asked Questions about Morrisville Presbytarian Apartments Residents Association

Filing History

IRS 990 filing history for Morrisville Presbytarian Apartments Residents Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Morrisville Presbytarian Apartments Residents Association's revenue has grown by 26.1%, moving from $1.4M to $1.7M. Total assets decreased by 9.5% over the same period, from $4.1M to $3.7M. Total functional expenses rose by 10.2%, from $1.3M to $1.4M. In its most recent filing year (2023), Morrisville Presbytarian Apartments Residents Association reported a surplus of $269K, with revenue exceeding expenses. The organization holds $4.0M in liabilities against $3.7M in assets (debt-to-asset ratio: 108.6%), resulting in net assets of $-317,401.

Year-by-Year Financial Summary

• 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $3.7M (revenue +10.3% year-over-year).
• 2022: Revenue of $1.5M, expenses of $1.4M, and assets of $3.7M (revenue +0.9% year-over-year).
• 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $3.4M (revenue +0.7% year-over-year).
• 2020: Revenue of $1.5M, expenses of $1.3M, and assets of $3.3M (revenue -0.6% year-over-year).
• 2019: Revenue of $1.5M, expenses of $1.2M, and assets of $3.2M (revenue +1.9% year-over-year).
• 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $3.4M (revenue +1.0% year-over-year).
• 2017: Revenue of $1.5M, expenses of $1.3M, and assets of $3.3M (revenue -7.6% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.3M, and assets of $4.1M (revenue +14.1% year-over-year).
• 2015: Revenue of $1.4M, expenses of $1.2M, and assets of $3.9M (revenue +1.6% year-over-year).
• 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $3.9M (revenue +1.3% year-over-year).
• 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $3.9M (revenue +1.9% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.5M, and assets of $3.9M (revenue -0.6% year-over-year).
• 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $4.1M.

Data Sources and Methodology

This transparency report for Morrisville Presbytarian Apartments Residents Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.