Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
10 people listed on the 990; $174K paid to officers and key staff (Part VII, Section A).
Brad Senick’s $109K as Exe Vice President Mdc is at the 42nd percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Brad Senick | $109,400 | $117,000 | $94,660 | $93,800 | $98,351 | $79,500 |
| Mike Garganta | $92,481 | $85,650 | $85,150 | $74,942 | $75,150 | $62,150 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Moravian Developement Corp executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Builds, improves, and rents affordable housing for families, seniors, and disabled individuals.
Questions for Moravian Developement Corp
Your first name shows with your question. Moravian Developement Corp answers here, for everyone.
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.
Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7117119) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.8M | $1.8M |
| InvestmentsLn 11–13 | $4.7M | $5.8M |
| Land, buildings, equipmentLn 10c | $7.0M | $6.5M |
| Total assetsLn 16 | $14.5M | $15.0M |
| LiabilitiesLn 26 | $351K | $231K |
| Net assetsLn 32 | $14.2M | $14.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $394K | $394K | ||
| Accounting feesLn 11c | $31K | $31K | ||
| Office expensesLn 13 | $49K | $49K | ||
| Total functional expensesLn 25 | $474K | $0 | $474K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 23, 2026 | $1.7M | $799K | $858K | $16.3M | 990 PDF |
| FY2024Filed with the IRS Feb 24, 2025 | $1.7M | $655K | $1.1M | $15.5M | 990 PDF |
| FY2023Filed with the IRS Feb 19, 2024 | $1.4M | $570K | $801K | $14.4M | 990 PDF |
| FY2022Filed with the IRS Mar 7, 2023 | −$469K | $635K | −$1.1M | $13.6M | 990 PDF |
| FY2021 ViewingFiled with the IRS Mar 4, 2022 | $1.0M | $474K | $566K | $14.7M | 990 PDF |
| FY2020Filed with the IRS Mar 3, 2021 | $912K | $505K | $407K | $14.2M | 990 PDF |
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $1,039,281 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $1,039,281 across 14 lines filed
Part IX · Statement of functional expenses $473,779 across 3 lines filed
Part X · Balance sheet $14,962,715 assets, 17 lines filed
Part XI · Reconciliation of net assets $14,731,785 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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