Charity Search / MORRIS COUNTY AFFORDABLE HOUSING CORPORATION
Housing & Shelter (L20) 990 on File

MORRIS COUNTY AFFORDABLE HOUSING CORPORATION

EIN: 22-3369954 · MORRISTOWN, NJ 07960-2606 · United States · FY 2025 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 95/100
Reliability (20%) 55/100
Effectiveness (25%) 61/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$149K
Total Revenue
$149K
Total Expenses
$1.9M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 75.7%
Fundraising Efficiency N/A
Operating Reserve 152.09x
Liability-to-Asset 13.5%
Revenue Diversification 76.6%
Executive Compensation $7K
Compared with Peers
FY 2025
Compared with 2,936 similar organizations (United States, Housing & Shelter, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
75.7% 87.3%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
24.3% 11.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
152.1 mo 13.5 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
13.5% 21.9%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
76.6% 90.8%
P10P90
Above median
Surplus margin
Surplus as a share of revenue
0.3% -6.0%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $149K $149K $1.9M 75.7% 2
2023 $145K $138K $1.9M 73.3% 2
2022 $108K $122K $1.9M 76.6% 2
2021 $91K $119K N/A — 2
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Organization Details
EIN
22-3369954
State
NJ
City
MORRISTOWN
ZIP
07960-2606
Classification
L20
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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