Civic Intelligence

Kearny Senior Residence Inc

EIN 05-0544887 • 501(c)3 • Newark, NJ

Profile

The organization provides 50 units of residential housing for low-income elderly tenants.

590 North 7th StreetNewark, NJ 07107

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.32x

Higher debt load relative to revenue than 23% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Net Margin

26th percentile

-37%

Higher net margin than 26% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE L21 • $1M-$5M nonprofits • Source year 2024

Asset Growth

24th percentile

-4.8%

Faster asset growth than 24% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

57th percentile

4.0%

Faster revenue growth than 57% of similar nonprofits.

NTEE L21 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$3,822,117

Down $194,757 (-4.8%) from 2023

Liabilities

Down

$166,449

Down $5,648 (-3.3%) from 2023

Net Assets

Down

$3,655,668

Down $189,109 (-4.9%) from 2023

Operations
Liabilities / Revenue23rd percentileNet Margin26th percentile

Revenue

Up

$519,215

Up $19,908 (+4.0%) from 2023

Expenses

Up

$709,032

Up $39,987 (+6.0%) from 2023

Net Income

Down

-$189,817

Down $20,079 (-12%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth24th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $5,988,429Liabilities 2010: $43,611Net Assets 2010: $5,944,8182010Assets 2011: $5,804,263Liabilities 2011: $47,300Net Assets 2011: $5,756,9632011Assets 2012: $5,659,290Liabilities 2012: $53,326Net Assets 2012: $5,605,9642012Assets 2013: $5,553,806Liabilities 2013: $71,267Net Assets 2013: $5,482,5392013Assets 2014: $5,451,342Liabilities 2014: $92,629Net Assets 2014: $5,358,7132014Assets 2015: $5,306,406Liabilities 2015: $111,254Net Assets 2015: $5,195,1522015Assets 2016: $5,168,140Liabilities 2016: $86,112Net Assets 2016: $5,082,0282016Assets 2017: $5,015,681Liabilities 2017: $81,205Net Assets 2017: $4,934,4762017Assets 2018: $4,878,755Liabilities 2018: $193,764Net Assets 2018: $4,684,9912018Assets 2019: $4,733,378Liabilities 2019: $193,967Net Assets 2019: $4,539,4112019Assets 2020: $4,605,977Liabilities 2020: $224,413Net Assets 2020: $4,381,5642020Assets 2021: $4,320,160Liabilities 2021: $131,383Net Assets 2021: $4,188,7772021Assets 2022: $4,158,814Liabilities 2022: $144,297Net Assets 2022: $4,014,5172022Assets 2023: $4,016,874Liabilities 2023: $172,097Net Assets 2023: $3,844,7772023Assets 2024: $3,822,117Liabilities 2024: $166,449Net Assets 2024: $3,655,6682024

Highlighted filing

2024

Assets$3,822,117
Liabilities$166,449
Net Assets$3,655,668
Open 2024 Filing

Operations Trend

Revenue Growth57th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $475,7422010Expenses 2011: $552,7302011Expenses 2012: $532,7102012Revenue 2013: $416,495Expenses 2013: $539,920Net Income 2013: -$123,4252013Revenue 2014: $417,740Expenses 2014: $541,566Net Income 2014: -$123,8262014Revenue 2015: $417,270Expenses 2015: $580,831Net Income 2015: -$163,5612015Revenue 2016: $428,843Expenses 2016: $541,967Net Income 2016: -$113,1242016Revenue 2017: $432,811Expenses 2017: $580,363Net Income 2017: -$147,5522017Revenue 2018: $434,463Expenses 2018: $683,949Net Income 2018: -$249,4862018Revenue 2019: $438,017Expenses 2019: $571,109Net Income 2019: -$133,0922019Revenue 2020: $456,993Expenses 2020: $615,812Net Income 2020: -$158,8192020Revenue 2021: $445,204Expenses 2021: $637,990Net Income 2021: -$192,7862021Revenue 2022: $464,703Expenses 2022: $638,963Net Income 2022: -$174,2602022Revenue 2023: $499,307Expenses 2023: $669,045Net Income 2023: -$169,7382023Revenue 2024: $519,215Expenses 2024: $709,032Net Income 2024: -$189,8172024

Highlighted filing

2024

Revenue$519,215
Expenses$709,032
Net Income-$189,817
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,822,117
Liabilities
$166,449
Net assets
$3,655,668
Revenue
$519,215
Expenses
$709,032
Net income
-$189,817
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.82$0.17$3.66$0.52$0.71$0.19
2023Detailed filing. Detailed filing data is available for this year.$4.02$0.17$3.84$0.50$0.67$0.17
2022Detailed filing. Detailed filing data is available for this year.$4.16$0.14$4.01$0.46$0.64$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.32$0.13$4.19$0.45$0.64$0.19
2020Detailed filing. Detailed filing data is available for this year.$4.61$0.22$4.38$0.46$0.62$0.16
2019Detailed filing. Detailed filing data is available for this year.$4.73$0.19$4.54$0.44$0.57$0.13
2018Detailed filing. Detailed filing data is available for this year.$4.88$0.19$4.68$0.43$0.68$0.25
2017Detailed filing. Detailed filing data is available for this year.$5.02$0.08$4.93$0.43$0.58$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.17$0.09$5.08$0.43$0.54$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.31$0.11$5.20$0.42$0.58$0.16
2014Detailed filing. Detailed filing data is available for this year.$5.45$0.09$5.36$0.42$0.54$0.12
2013Detailed filing. Detailed filing data is available for this year.$5.55$0.07$5.48$0.42$0.54$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.66$0.05$5.61$0.53
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$0.05$5.76$0.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.99$0.04$5.94$0.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 14, 2025
Return Version
2024v5.1
Gross Receipts
$519,215
Mission and Program Overview

Mission

The organization provides 50 units of residential housing for low-income elderly tenants

To provide low income housing for low income elderly tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,736,461$3,588,850▼ $147,611
Savings and Temporary Cash Investments$24,831$20,138▼ $4,693
Accounts Receivable$9,739$349▼ $9,390
Prepaid Expenses and Deferred Charges$48--
Total Assets$4,016,874$3,822,117▼ $194,757
Other Assets Total$245,795$212,780▼ $33,015
Liabilities
Accounts Payable and Accrued Expenses$153,598$148,582▼ $5,016
Escrow Account Liability$17,956$17,236▼ $720
Other Liabilities$543$631▲ $88
Total Liabilities$172,097$166,449▼ $5,648
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,844,777$3,655,668▼ $189,109
Total Net Assets Fund Balance$3,844,777$3,655,668▼ $189,109
Total Liabilities and Net Assets / Fund Balance$4,016,874$3,822,117▼ $194,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,451,092$3,123,586$6,574,678
Land$111,317-$111,317
Other Land Buildings$0$96,890$96,890
Equipment$26,441$35,315$61,756
Other Assets Org$195,544--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Rev Monsignor Ronald RozniakChairperson
John WesterveltPresident and Treasurer
Henry AmorosoVice Chairperson
Elizabeth McclendonVice President
J Kenneth PaganoTrustee
Richard MalagiereTrustee
Brother Benedict Lo BalboSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$518,412
Investment Income
$720
Other Revenue
$83
Change in Net Assets
$-189,817

Audited Revenue Reconciliation

Revenue per Audited Statements
$519,215
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$519,215
Total Revenue per Form 990
$519,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$566,294
Salaries, Compensation, and Employee Benefits$142,738
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$180,187--$180,187
Other Salaries and Wages-$115,777-$115,777
Occupancy$110,090--$110,090
Fees for Services Management-$36,900-$36,900
Insurance$29,533--$29,533
Fees for Services Accounting-$27,618-$27,618
Other Employee Benefits$16,646--$16,646
Other Expenses$10,408$17,627-$10,408
Payroll Taxes$10,315--$10,315
All Other Expenses$7,373--$7,373
Office Expenses-$6,591-$6,591
Total Functional Expenses$504,519$204,513$0$709,032

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$709,032
Total Expenses per Form 990$709,032
Total Expenses per Audited Statements$708,324
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-708
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Prepaid Rent$631
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization delegated control over management duties to a management company. Please see note 8 in financial statements for additional details.”

Form 990, Part VI, Section A, Line 8B

“There are no such committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is provided to, reviewed by, and approved by john westervelt, an officer of the corporation, before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Members usually sign the conflict of interest forms when applying to hud for a new project.”

Form 990, Part VI, Section C, Line 19

“The organization's forms 1023 and 990 are available upon request and form 990 is also available on guidestar.org”

Filing and Contact Details

Filer

Filer Name
Kearny Senior Residence Inc
EIN
05-0544887
Phone
9735965115
Address
590 NORTH 7TH STREET, NEWARK, NJ 07107

Signing Officer

Name
John Westervelt
Title
President/treasurer
Phone
9735965115
Signed
2025-04-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Westervelt
Formed
2002
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
293 EISENHOWER PARKWAY 2ND FLOOR, LIVINGSTON, NJ 07039
Preparer
Tara Del Gavio
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“BAD DEBT EXPENSE 708.”

FORM 990, PART XII, LINE 2C:

“The oversight process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“The organization maintains security deposits in trust in the name of each tenant.”

PART X, LINE 2:

“The project is exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code. The project follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during years ended december 31, 2024 and 2023. At december 31, 2024 and 2023, there were no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT RECOVERY -708.”

Raw XML AppendixShowing 400 of 588 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt119047
IRS990/OtherExpensesGrp/TotalAmt217627
IRS990/OtherExpensesGrp/TotalAmt310408
IRS990/OtherLiabilitiesGrp/BOYAmt0543
IRS990/OtherLiabilitiesGrp/EOYAmt0631
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt083
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt083
IRS990/OtherRevenueTotalAmt083
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0115777
IRS990/OtherSalariesAndWagesGrp/TotalAmt0115777
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010315
IRS990/PayrollTaxesGrp/TotalAmt010315
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048
IRS990/PrincipalOfficerNm0JOHN WESTERVELT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0314891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1201131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22195
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0314891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1201131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3195
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0660
IRS990/PYOtherExpensesAmt0534555
IRS990/PYOtherRevenueAmt02202
IRS990/PYProgramServiceRevenueAmt0496445
IRS990/PYRevenuesLessExpensesAmt0-169738
IRS990/PYSalariesCompEmpBnftPaidAmt0134490
IRS990/PYTotalExpensesAmt0669045
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0499307
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-189817
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0518412
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024831
IRS990/SavingsAndTempCashInvstGrp/EOYAmt020138
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0720
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0660
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0362
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0714
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01046
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03502
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0518412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0496445
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0462379
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0444090
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0444563
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02365889
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0720
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0660
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0362
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0714
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01046
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03502
IRS990ScheduleA/InvestmentIncomeCYPct00.00150
IRS990ScheduleA/InvestmentIncomePYPct00.00190
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt083
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02202
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01962
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0400
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt011384
IRS990ScheduleA/OtherIncome509Grp/TotalAmt016031
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99180
IRS990ScheduleA/PublicSupportPY509Pct00.99120
IRS990ScheduleA/PublicSupportTotal509Amt02365889
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0518412
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0496445
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0462379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0444090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0444563
IRS990ScheduleA/Total509Grp/TotalAmt02365889
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0519215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0499307
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0464703
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0445204
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0456993
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02385422
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03451092
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03123586
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06574678
IRS990ScheduleD/EquipmentGrp/BookValueAmt026441
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035315
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt061756
IRS990ScheduleD/ExpensesNotReportedAmt0-708
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0709032
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0111317
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0111317
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt017236
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1195544
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0-708
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096890
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt096890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0519215
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS IN TRUST IN THE NAME OF EACH TENANT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING YEARS ENDED DECEMBER 31, 2024 AND 2023. AT DECEMBER 31, 2024 AND 2023, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD DEBT RECOVERY -708.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03588850
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0212780
IRS990ScheduleD/TotalExpensesPerForm990Amt0709032
IRS990ScheduleD/TotalLiabilityAmt0631
IRS990ScheduleD/TotalRevenuePerForm990Amt0519215
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0519215
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0708324
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY. PLEASE SEE NOTE 8 IN FINANCIAL STATEMENTS FOR ADDITIONAL DETAILS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF FORM 990 IS PROVIDED TO, REVIEWED BY, AND APPROVED BY JOHN WESTERVELT, AN OFFICER OF THE CORPORATION, BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS USUALLY SIGN THE CONFLICT OF INTEREST FORMS WHEN APPLYING TO HUD FOR A NEW PROJECT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST AND FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BAD DEBT EXPENSE 708.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0462231009
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LOW-INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0HARRISON SENIOR URBAN RENEWAL LP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0590 N 7TH ST
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd007107
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A

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