Morrisville Economic Development Corporation
Nonprofit profile at a glance
- EIN
- 232639287
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025
- Location
- Morrisville, PA, USA
- Phone
- 2673124268
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $13,382
- Expenses
- $7,449
- Assets
- $257,819
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- ROBIN REITHMEYER (PRESIDENT)
- DON DIRETTO (VICE PRESIDENT)
People named in this filing
- ROBIN REITHMEYER (PRESIDENT)
- DON DIRETTO (VICE PRESIDENT)
- JOAN DIRETTO (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purposes of the corporation are to promote the economic and general welfare of morrisville borough, Pennsylvania by securing new industries, business, and commerce for the various morrisville borough neighborhoods; the promotion, growth and expansion of industries established in morrisville borough; the development and creation of more industrial jobs and larger industrial payrolls through the acquisition and improvement of sites and the erection of industrial buildings for new industries and distribution establishments; assistance, encouragement and promotion od appropriate proposed or projected industrial and commercial developments in morrisville borough and projects that will increase the flow of wages and income into the channels of trade and commerce; the assemblage and dissemination of commercial and economic information concerning the expansion; and encouragement of appropriate new housing development and improved housing conditions, while preserving the quality of the boro
What it reported doing in 2025
The purposes of the corporation are to promote the economic and general welfare of morrisville borough, Pennsylvania by securing new industries, business, and commerce for the various morrisville borough neighborhoods; the promotion, growth and expansion of industries established in morrisville borough; the development and creation of more industrial jobs and larger industrial payrolls through the acquisition and improvement of sites and the erection of industrial buildings for new industries and distribution establishments; assistance, encouragement and promotion od appropriate proposed or projected industrial and commercial developments in morrisville borough and projects that will increase the flow of wages and income into the channels of trade and commerce; the assemblage and dissemination of commercial and economic information concerning the expansion; and encouragement of appropriate new housing development and improved housing conditions, while preserving the quality of the borough's residential neighborhoods. For these purposes, the corporation shall have the right to purchase, own, lease, mortgage, manage, sell, renovate, repair and improve land and buildings or any interest therein and to construct new buildings, and, in general to do all things necessary, incidental and proper for accomplishing said purposes, including the borrowing and lending of money. In addition, the corporation shall function as a vehicle for cooperative projects for intercommunity cooperation.
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
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 82
- Sustainability: 84
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.8%; rating input score 37
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 44.3%; rating input score 88; 88th percentile among comparable filings
- Total-asset coverage ratio: 34.61; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -25.9% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -114.7% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 36.8% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $7K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- 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: Mission deployment rate scored 37/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.