Housing Partnership for Morris County Inc

Nonprofit profile at a glance

EIN
223194848
IRS 990 coverage
2010–2025
Forms available
Form 990 2025
Location
Dover, NJ, USA
Phone
9736599222
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$946,445
Expenses
$1,154,779
Assets
$1,513,247
Liabilities
$356,015

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • SHALYNN KELLOGG (EXECUTIVE DIRECTOR)
  • BLAIR WILSON (INTERIM EXECUTIVE DIRECTOR)

Highest reported compensation

  • SHALYNN KELLOGG (EXECUTIVE DIRECTOR): $114,118 total reported compensation
  • BLAIR WILSON (INTERIM EXECUTIVE DIRECTOR): $16,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create pathways to sustainable homeownership for low- and moderate-income families through education, counseling, affordable homeownership opportunities, and access to financial resources.

What it reported doing in 2025

Housing partnership of New Jersey partners with municipalities, nonprofit organizations, and affordable housing developers to expand affordable homeownership opportunities for low- and moderate-income households. As an experienced administrative agent, the organization provides affirmative marketing, applicant eligibility and income certification, waiting list management, resale and re-rental administration, compliance monitoring, and ongoing program oversight. These services help ensure affordable homes are marketed fairly, occupied by income-qualified households, and preserved as long-term community assets. Housing partnership administers approximately 700 affordable homes in communities throughout New Jersey.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 25
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.5%; rating input score 99
  • Program expense ratio: 80.7%; rating input score 81
  • Fundraising efficiency: $9.59 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -22%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 11.3%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings

Details

  • Where the money goes: 98.5% of revenue deployed · 80.7% of spending went to programs
  • Governance: 13 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $932K in reported program spending
  • Leadership: top reported pay $114K · 15 people listed
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 33/100.
  • High — Sustainability: Operating margin scored 6/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.