Morningstar Living

What it reported doing in 2024

Moravian hall square campus: residential living accommodations on the moravian hall square campus include 123 apartments, 4 townhomes and 2 cottages. The 123 apartments are located in three connected buildings, each four stories high. There are three basic sizes of residential living apartments: studio, one-bedroom, and two-bedroom. The 123 apartments are comprised of 40 one-bedroom units, 54 two-bedroom units, 8 studios, and 21 custom apartments. These apartments range in size from 430 square feet to over 1,200 square feet. The residential apartments and the health care areas are housed in inter-connected buildings where many comfortable common spaces and recreational spaces are located. Several floors have laundry rooms with full-size washers and dryers although each individual apartment unit may also have its own washer/dryer unit. The residential entrances have electronically-secured front doors which are accessible by code or electronic key fobs. The moravian townstone residential building at 117 west north street is a contiguous property to the moravian hall square campus. The moravian townstone building houses four, two-bedroom residences all of which are currently occupied. The townstone building includes two stories above ground of residential living space along with a basement level below grade for garages and storage. There are two residences per floor, with each unit consisting of approximately 1,500 square feet of livable space. Each unit includes two bedrooms, two baths, kitchen, living room, laundry/storage room, and either a covered patio or balcony all on the same level. The basement level below the two residential floors includes a single car garage for each unit as well as additional storage space for each dwelling.there are two twin cottage units located on the moravian hall square campus, called the canterbury and the warwick. Floor plans for both twin cottages include 2 bedrooms, 2 full bathrooms, living room, dining area, kitchen, covered patio, covered deck and garage. All appliances for the kitchen and laundry are provided. The warwick cottage at moravian hall square has approximately 2,093 square feet of living space on its main level, and a walk-out basement space of 1,600 square feet that can be finished for additional living space or used for storage space. The warwick twin cottage also has a finished second floor loft area of 900 square feet. The canterbury cottage has approximately 1,900 square feet of living space on its main floor and a walk-out basement of 1,600 square feet that can be improved as additional living space, or used for storage. Heritage village campus: the heritage village campus of morningstar senior living is located in suburban upper nazareth township, one mile north of the moravian hall square campus. Heritage village is an active adult, independent living community for individuals age 60 and over that offers residents of the community continuing care health services at moravian hall square. This makes heritage village a unique active adult community in that it offers the best of both worlds: the lifestyle amenities of a 55+ community plus long-term health care services and accommodations that only a life plan community can offer. Health care services for residents living at heritage village are provided at morningstar senior living's original life plan community, moravian hall square and include: short term rehabilitation, outpatient therapy, home care services, licensed personal care services and accommodations, memory support care services and accommodations and 24/7 nursing home care services and accommodations. Residents of heritage village share the amenities of a fully accessible neighborhood community building. This building includes a lounge and covered deck, meeting and banquet rooms, pub/cafe, commercial catering kitchen, fitness facility, aerobic exercise and yoga room, billiards room, massage room, shower facilities, a covered outdoor pavilion with kitchen with

Financial Efficiency

• Mission deployment rate: 82.8%; rating input score 83
• Program expense ratio: 85.4%; rating input score 85
• Fundraising efficiency: $2.06 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
• Governance controls: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.2%; rating input score 30; 30th percentile among comparable filings
• Total-asset coverage ratio: 3.98; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 1.05; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 4.1%; rating input score 59; 59th percentile among comparable filings

Growth

• Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 54th percentile among comparable filings