Civic Intelligence

Harborside Apartments Inc.

990 • Fiscal year 2014 • EIN 22-3373890

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

703 Main StreetPaterson, NJ 07503

(973) 754-2803

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

39th percentile

0.04x

Higher debt load relative to assets than 39% of similar nonprofits.

2014 filings • NTEE P • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

86th percentile

0.49x

Higher debt load relative to revenue than 86% of similar nonprofits.

2014 filings • NTEE P • $500k-$1M nonprofits • Source year 2014

Net Margin

34th percentile

-1.4%

Higher net margin than 34% of similar nonprofits.

2014 filings • NTEE P • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

100th percentile

$522,468

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 750.0% of source-year revenue.

2014 filings • NTEE P • $500k-$1M nonprofits • Source year 2014

Asset Growth

53rd percentile

2.4%

Faster asset growth than 53% of similar nonprofits.

2014 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

-0.2%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$765,427

Up $18,168 (+2.4%) from 2013

Net Assets

Down

$731,008

Down $1,009 (-0.1%) from 2013

Liabilities

Up

$34,419

Up $19,177 (+126%) from 2013

Revenue

Down

$69,664

Down $131 (-0.2%) from 2013

Expenses

Up

$70,673

Up $1,158 (+1.7%) from 2013

Net Income

Down

-$1,009

Down $1,289 (-460%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2012: $745,257Liabilities 2012: $13,520Net Assets 2012: $731,7372012Assets 2013: $747,259Liabilities 2013: $15,242Net Assets 2013: $732,0172013Assets 2014: $765,427Liabilities 2014: $34,419Net Assets 2014: $731,0082014Assets 2015: $759,244Liabilities 2015: $41,828Net Assets 2015: $717,4162015Assets 2016: $733,404Liabilities 2016: $36,195Net Assets 2016: $697,2092016Assets 2017: $723,964Liabilities 2017: $42,964Net Assets 2017: $681,0002017Assets 2018: $707,643Liabilities 2018: $38,495Net Assets 2018: $669,1482018Assets 2019: $702,492Liabilities 2019: $41,207Net Assets 2019: $661,2852019Assets 2020: $692,219Liabilities 2020: $35,769Net Assets 2020: $656,4502020Assets 2021: $656,625Liabilities 2021: $37,313Net Assets 2021: $619,3122021Assets 2022: $488,386Liabilities 2022: $14,420Net Assets 2022: $473,9662022Assets 2023: $515,606Liabilities 2023: $59,894Net Assets 2023: $455,7122023Assets 2024: $479,296Liabilities 2024: $57,496Net Assets 2024: $421,8002024

Highlighted filing

2014

Assets$765,427
Liabilities$34,419
Net Assets$731,008

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2012: $64,4382012Revenue 2013: $69,795Expenses 2013: $69,515Net Income 2013: $2802013Revenue 2014: $69,664Expenses 2014: $70,673Net Income 2014: -$1,0092014Revenue 2015: $70,769Expenses 2015: $84,361Net Income 2015: -$13,5922015Revenue 2016: $71,265Expenses 2016: $91,472Net Income 2016: -$20,2072016Revenue 2017: $65,117Expenses 2017: $81,326Net Income 2017: -$16,2092017Revenue 2018: $67,738Expenses 2018: $79,590Net Income 2018: -$11,8522018Revenue 2019: $70,983Expenses 2019: $78,846Net Income 2019: -$7,8632019Revenue 2020: $71,209Expenses 2020: $76,044Net Income 2020: -$4,8352020Revenue 2021: $69,246Expenses 2021: $106,384Net Income 2021: -$37,1382021Revenue 2022: $96,673Expenses 2022: $242,019Net Income 2022: -$145,3462022Revenue 2023: $74,918Expenses 2023: $93,172Net Income 2023: -$18,2542023Revenue 2024: $85,694Expenses 2024: $119,606Net Income 2024: -$33,9122024

Highlighted filing

2014

Revenue$69,664
Expenses$70,673
Net Income-$1,009
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$69,664
Mission and Program Overview

Mission

To provide permanent housing to psychiatrically disabled adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$590,743$583,118▼ $7,625
Cash and Non-Interest-Bearing Accounts$41,501$53,863▲ $12,362
Total Assets$747,259$765,427▲ $18,168
Other Assets Total$115,015$128,446▲ $13,431
Liabilities
Other Liabilities$4,520$27,019▲ $22,499
Accounts Payable and Accrued Expenses$10,722$7,400▼ $3,322
Total Liabilities$15,242$34,419▲ $19,177
Net Assets / Fund Balance
Temporarily Rstr Net Assets$533,982$512,044▼ $21,938
Unrestricted Net Assets$198,035$218,964▲ $20,929
Total Net Assets Fund Balance$732,017$731,008▼ $1,009
Total Liabilities and Net Assets / Fund Balance$747,259$765,427▲ $18,168

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$545,618$344,546$890,164
Land$37,500-$37,500
Other Assets Org$77,653--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Deborah L HartelPresident
Francine Katz EsqVice President
Sister Maryanne CampeottoMember At-large
Joanne DunaySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$29
Other Revenue
$69,635
Change in Net Assets
$-1,009

Audited Revenue Reconciliation

Revenue per Audited Statements
$69,664
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$69,664
Total Revenue per Form 990
$69,664
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$70,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$22,984--$22,984
Office Expenses$16,624--$16,624
Occupancy$13,985--$13,985
Other Expenses$7,860--$7,860
Fees for Services Accounting$7,400--$7,400
Fees for Services Other$1,820--$1,820
Total Functional Expenses$70,673$0$0$70,673

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$70,673
Total Expenses per Audited Statements$70,673
Total Expenses per Form 990$70,673
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Tenant Security Deposits$27,019
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The organizations sponsoring agency, st. Joseph's medical center, has the power to elect or appoint one or more members of the governing body.

Form 990, Part VI, Section A, Line 7B

The organizations sponsoring agency, st. Joseph's medical center, has the authority to make governance decisions of the organization.

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

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

Form 990, Part VI, Section B, Line 11

The form 990 was prepared and reviewed by both deloitte tax llp and joanne dunay, controller of st joseph's medical center. A final copy of form 990 will be provided to board members prior to filing.

Form 990, Part VI, Section C, Line 19

The organization can make available governing documents and financial statements to the public during the tax year.

Form 990, Part VII, Section A

Sister maryanne campeotto, as a member of a religious order, is exempt from federal and state income tax and therefore does not receive a w-2. In the interest of full disclosure, amounts paid to the sister are reported in part vii, section a, column (f) and schedule j, part ii, column (d).

Filing and Contact Details

Filer

Filer Name
Harborside Apartments Inc
EIN
22-3373890
Phone
9737542803
Address
703 MAIN STREET, PATERSON, NJ 07503

Signing Officer

Name
Joanne Dunay
Title
Controller
Phone
9737542803
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joanne Dunay
Formed
1995
Legal Domicile
Nj
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Deloitte Tax Llp
Address
TWO JERICHO PLAZA, JERICHO, NY 11753
Preparer
Christine Kawecki
Phone
5169187000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DEBORAH L HARTEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1FRANCINE KATZ ESQ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOANNE DUNAY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3SISTER MARYANNE CAMPEOTTO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3MEMBER AT-LARGE
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IRS990ScheduleJ/SeverancePaymentInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATIONS SPONSORING AGENCY, ST. JOSEPH'S MEDICAL CENTER, HAS THE POWER TO ELECT OR APPOINT ONE OR MORE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATIONS SPONSORING AGENCY, ST. JOSEPH'S MEDICAL CENTER, HAS THE AUTHORITY TO MAKE GOVERNANCE DECISIONS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 WAS PREPARED AND REVIEWED BY BOTH DELOITTE TAX LLP AND JOANNE DUNAY, CONTROLLER OF ST JOSEPH'S MEDICAL CENTER. A FINAL COPY OF FORM 990 WILL BE PROVIDED TO BOARD MEMBERS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION CAN MAKE AVAILABLE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SISTER MARYANNE CAMPEOTTO, AS A MEMBER OF A RELIGIOUS ORDER, IS EXEMPT FROM FEDERAL AND STATE INCOME TAX AND THEREFORE DOES NOT RECEIVE A W-2. IN THE INTEREST OF FULL DISCLOSURE, AMOUNTS PAID TO THE SISTER ARE REPORTED IN PART VII, SECTION A, COLUMN (F) AND SCHEDULE J, PART II, COLUMN (D).
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt0C/O IAS INTERNATIONAL ADVISORY
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0BD
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0BD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0CAPTIVE INSURANCE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2HOLDING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0SJHS INSURANCE LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1ST JOSEPH'S HOSPITAL HOUSING CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2GENESIS PROPERTY DEVELOPMENT HOLDING LLC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt044 CHURCH STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt1703 MAIN STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0PATERSON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm1PATERSON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd5N/A
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN5261317887
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd4NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd5NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0HEALTHCARE

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