Civic Intelligence

Immaculate Conception Senior Housing

EIN 22-3429008 • 501(c)3 • Newark, NJ

Profile

The organization provides residential housing for the elderly.

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

32nd percentile

0.21x

Higher debt load relative to assets than 32% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.48x

Higher debt load relative to revenue than 28% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Net Margin

30th percentile

-28%

Higher net margin than 30% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

65th percentile

$0

Higher top officer pay than 65% of similar nonprofits.

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

NTEE L22 • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-12%

Faster asset growth than 5% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

8.2%

Faster revenue growth than 77% of similar nonprofits.

NTEE L22 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$1,592,438

Down $223,379 (-12%) from 2023

Liabilities

Down

$342,060

Down $25,072 (-6.8%) from 2023

Net Assets

Down

$1,250,378

Down $198,307 (-14%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin30th percentile

Revenue

Up

$714,940

Up $54,054 (+8.2%) from 2023

Expenses

Down

$913,243

Down $27,618 (-2.9%) from 2023

Net Income

Up

-$198,303

Up $81,672 (+29%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $4,239,321Liabilities 2011: $126,971Net Assets 2011: $4,112,3502011Assets 2012: $4,069,104Liabilities 2012: $124,363Net Assets 2012: $3,944,7412012Assets 2013: $3,833,866Liabilities 2013: $85,084Net Assets 2013: $3,748,7822013Assets 2014: $3,621,486Liabilities 2014: $88,721Net Assets 2014: $3,532,7652014Assets 2015: $3,416,968Liabilities 2015: $113,872Net Assets 2015: $3,303,0962015Assets 2016: $3,292,405Liabilities 2016: $156,338Net Assets 2016: $3,136,0672016Assets 2017: $3,057,748Liabilities 2017: $178,397Net Assets 2017: $2,879,3512017Assets 2018: $2,849,765Liabilities 2018: $195,012Net Assets 2018: $2,654,7532018Assets 2019: $2,579,775Liabilities 2019: $137,784Net Assets 2019: $2,441,9912019Assets 2020: $2,408,507Liabilities 2020: $201,380Net Assets 2020: $2,207,1272020Assets 2021: $2,212,006Liabilities 2021: $212,504Net Assets 2021: $1,999,5022021Assets 2022: $2,033,839Liabilities 2022: $305,184Net Assets 2022: $1,728,6552022Assets 2023: $1,815,817Liabilities 2023: $367,132Net Assets 2023: $1,448,6852023Assets 2024: $1,592,438Liabilities 2024: $342,060Net Assets 2024: $1,250,3782024

Highlighted filing

2024

Assets$1,592,438
Liabilities$342,060
Net Assets$1,250,378
Open 2024 Filing

Operations Trend

Revenue Growth77th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $682,7852011Expenses 2012: $665,9642012Expenses 2013: $712,6652013Revenue 2014: $524,884Expenses 2014: $740,901Net Income 2014: -$216,0172014Revenue 2015: $531,137Expenses 2015: $760,806Net Income 2015: -$229,6692015Revenue 2016: $534,787Expenses 2016: $701,816Net Income 2016: -$167,0292016Revenue 2017: $525,311Expenses 2017: $782,027Net Income 2017: -$256,7162017Revenue 2018: $536,063Expenses 2018: $759,950Net Income 2018: -$223,8872018Revenue 2019: $542,384Expenses 2019: $754,655Net Income 2019: -$212,2712019Revenue 2020: $585,634Expenses 2020: $819,899Net Income 2020: -$234,2652020Revenue 2021: $603,689Expenses 2021: $811,320Net Income 2021: -$207,6312021Revenue 2022: $609,484Expenses 2022: $880,420Net Income 2022: -$270,9362022Revenue 2023: $660,886Expenses 2023: $940,861Net Income 2023: -$279,9752023Revenue 2024: $714,940Expenses 2024: $913,243Net Income 2024: -$198,3032024

Highlighted filing

2024

Revenue$714,940
Expenses$913,243
Net Income-$198,303
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$1,592,438
Liabilities
$342,060
Net assets
$1,250,378
Revenue
$714,940
Expenses
$913,243
Net income
-$198,303
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.59$0.34$1.25$0.71$0.91$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.37$1.45$0.66$0.94$0.28
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.03$0.31$1.73$0.61$0.88$0.27
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.21$2.00$0.60$0.81$0.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.41$0.20$2.21$0.59$0.82$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.58$0.14$2.44$0.54$0.75$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.85$0.20$2.65$0.54$0.76$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.18$2.88$0.53$0.78$0.26
2016Detailed filing. Detailed filing data is available for this year.$3.29$0.16$3.14$0.53$0.70$0.17
2015Detailed filing. Detailed filing data is available for this year.$3.42$0.11$3.30$0.53$0.76$0.23
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.62$0.09$3.53$0.52$0.74$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.83$0.09$3.75$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.07$0.12$3.94$0.67
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.24$0.13$4.11$0.68
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.1
Gross Receipts
$603,689
Mission and Program Overview

Mission

To provide low income housing primarily for senior citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,251,179$2,058,168▼ $193,011
Prepaid Expenses and Deferred Charges$11,044--
Savings and Temporary Cash Investments$745$5,901▲ $5,156
Accounts Receivable$5,995$4,186▼ $1,809
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Total Assets$2,408,507$2,212,006▼ $196,501
Other Assets Total$139,294$143,501▲ $4,207
Liabilities
Accounts Payable and Accrued Expenses$179,841$188,025▲ $8,184
Escrow Account Liability$21,539$22,543▲ $1,004
Other Liabilities$0$1,068▲ $1,068
Deferred Revenue-$868-
Total Liabilities$201,380$212,504▲ $11,124
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,207,127$1,999,502▼ $207,625
Total Net Assets Fund Balance$2,207,127$1,999,502▼ $207,625
Total Liabilities and Net Assets / Fund Balance$2,408,507$2,212,006▼ $196,501

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,343,923$4,491,529$5,835,452
Land$480,000-$480,000
Leasehold Improvements$209,201$190,503$399,704
Equipment$25,044$83,659$108,703
Other Assets Org$120,958--
Compensation and Service Providers
Top Officer Pay65th percentile

Board Members and Trustees

NameTitle
Ronald RozniakChairman
John WesterveltPresident & Treasurer
Henry AmorosoVice Chairman
Elizabeth McclendonVice President
Kenneth PaganoTrustee
Richard MalagiereTrustee
Benedict Lo BalboSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$9,639
Program Service Revenue
$593,185
Investment Income
$414
Other Revenue
$451
Change in Net Assets
$-207,631

Audited Revenue Reconciliation

Revenue per Audited Statements
$603,689
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$603,689
Total Revenue per Form 990
$603,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$663,142
Salaries, Compensation, and Employee Benefits$148,178
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$233,381--$233,381
Occupancy$140,351--$140,351
Other Salaries and Wages$58,811$49,811-$108,622
Fees for Services Management$50,400--$50,400
Insurance$32,385--$32,385
Other Employee Benefits$16,433$13,918-$30,351
Office Expenses-$22,095-$22,095
Fees for Services Accounting-$19,902-$19,902
Payroll Taxes$4,984$4,221-$9,205
Other Expenses$8,475--$8,475
All Other Expenses$459--$459
Fees for Services Legal$233--$233
Total Functional Expenses$701,373$109,947$0$811,320

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$811,320
Total Expenses per Form 990$811,320
Total Expenses per Audited Statements$811,314
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-6
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
Excess Project Funds - Residual Receipts Available for Recapture$1,068
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 7 in financial statements for additional details.”

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. Forms are updated on an annual basis.”

Form 990, Part VI, Section C, Line 19

“The organization makes its annual tax forms available upon request.”

Filing and Contact Details

Filer

Filer Name
Immaculate Conception Senior Housing
EIN
22-3429008
Phone
9735963984
Address
590 NORTH 7TH STREET, NEWARK, NJ 07107

Signing Officer

Name
John Westervelt
Title
Treasurer/president
Phone
9735963984
Signed
2022-01-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Westervelt
Formed
2002
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Bridget Hartnett
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“BAD DEBT EXPENSE 6.”

Part XII, Line 2C

“The organization has a committee that is responsible for the oversight of the audit of the financial statements and the selection of an independent accountant. 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 and comparable state law. The project follows accounting 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 financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return,and also provides guidance on classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecorded tax benefits in income tax expense. No interest and penalties were recorded during years 2021 and 2020. At june 30, 2021 and 2020, there are no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT EXPENSE -6.”

Raw XML AppendixShowing 400 of 604 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0179841
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0188025
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IRS990/AccountsReceivableGrp/EOYAmt04186
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING PRIMARILY FOR SENIOR CITIZENS.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0459
IRS990/AllOtherExpensesGrp/TotalAmt0459
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RP MARZULLI REAL ESTATE
IRS990/BooksInCareOfDetail/PhoneNum09737432300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0264 BELLEVILLE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007003
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IRS990/CashNonInterestBearingGrp/BOYAmt0250
IRS990/CashNonInterestBearingGrp/EOYAmt0250
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09639
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0414
IRS990/CYOtherExpensesAmt0663142
IRS990/CYOtherRevenueAmt0451
IRS990/CYProgramServiceRevenueAmt0593185
IRS990/CYRevenuesLessExpensesAmt0-207631
IRS990/CYSalariesCompEmpBnftPaidAmt0148178
IRS990/CYTotalExpensesAmt0811320
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt0868
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0233381
IRS990/DepreciationDepletionGrp/TotalAmt0233381
IRS990/Desc0THE ORGANIZATION OPERATES A 71 UNIT HOUSING COMPLEX FOR THE ELDERLY IN ELIZABETH, NJ.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt021539
IRS990/EscrowAccountLiabilityGrp/EOYAmt022543
IRS990/ExpenseAmt0701373
IRS990/FamilyOrBusinessRlnInd00
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IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019902
IRS990/FeesForServicesAccountingGrp/TotalAmt019902
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0233
IRS990/FeesForServicesLegalGrp/TotalAmt0233
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt050400
IRS990/FeesForServicesManagementGrp/TotalAmt050400
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0HENRY AMOROSO
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN WESTERVELT
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD MALAGIERE
IRS990/Form990PartVIISectionAGrp/PersonNm3RONALD ROZNIAK
IRS990/Form990PartVIISectionAGrp/PersonNm4KENNETH PAGANO
IRS990/Form990PartVIISectionAGrp/PersonNm5BENEDICT LO BALBO
IRS990/Form990PartVIISectionAGrp/PersonNm6ELIZABETH MCCLENDON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0414
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt07
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IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/TotalAmt022095
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS OPERATING
IRS990/OtherExpensesGrp/Desc3OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/ProgramServicesAmt0114257
IRS990/OtherExpensesGrp/ProgramServicesAmt122632
IRS990/OtherExpensesGrp/ProgramServicesAmt218572
IRS990/OtherExpensesGrp/ProgramServicesAmt38475
IRS990/OtherExpensesGrp/TotalAmt0114257
IRS990/OtherExpensesGrp/TotalAmt122632
IRS990/OtherExpensesGrp/TotalAmt218572
IRS990/OtherExpensesGrp/TotalAmt38475
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt01068
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt0451
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0451
IRS990/OtherRevenueTotalAmt0451
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt049811
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt058811
IRS990/OtherSalariesAndWagesGrp/TotalAmt0108622
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt04221
IRS990/PayrollTaxesGrp/ProgramServicesAmt04984
IRS990/PayrollTaxesGrp/TotalAmt09205
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011044
IRS990/PrincipalOfficerNm0JOHN WESTERVELT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT - HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANTS
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0331707
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1259804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21618
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt356
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0331707
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1259804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21618
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt356
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0317
IRS990/PYOtherExpensesAmt0678875
IRS990/PYOtherRevenueAmt052
IRS990/PYProgramServiceRevenueAmt0585265
IRS990/PYRevenuesLessExpensesAmt0-234265
IRS990/PYSalariesCompEmpBnftPaidAmt0141024
IRS990/PYTotalExpensesAmt0819899
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0585634
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-207631
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0593185
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0745
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05901
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME - 2016 AMOUNT: $ 200. 2017 AMOUNT: $ 1,385. 2018 AMOUNT: $ 461. 2019 AMOUNT: $ 52. 2020 AMOUNT: $ 451.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt09639
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt09639
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0414
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0317
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0285
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0238
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0263
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01517
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0593185
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0585265
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0541638
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0534440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0539048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02793576
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0414
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0317
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0238
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0263
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01517
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0451
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt052
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0461
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01385
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/OtherIncome509Grp/TotalAmt02549
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99870
IRS990ScheduleA/PublicSupportTotal509Amt02803215
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0602824
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0585265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0541638
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0534440
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0539048
IRS990ScheduleA/Total509Grp/TotalAmt02803215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0603689
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0585634
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0542384
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0536063
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0539511
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02807281
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01343923
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04491529
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05835452
IRS990ScheduleD/EquipmentGrp/BookValueAmt025044
IRS990ScheduleD/EquipmentGrp/DepreciationAmt083659
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0108703
IRS990ScheduleD/ExpensesNotReportedAmt0-6
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0811320
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0480000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0480000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0209201
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0190503
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0399704
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt022543
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1120958
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESTRICTED DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt0-6
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01068
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EXCESS PROJECT FUNDS - RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0603689
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 AND COMPARABLE STATE LAW. THE PROJECT FOLLOWS ACCOUNTING 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 FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN,AND ALSO PROVIDES GUIDANCE ON CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECORDED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING YEARS 2021 AND 2020. AT JUNE 30, 2021 AND 2020, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD DEBT EXPENSE -6.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02058168
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0143501
IRS990ScheduleD/TotalExpensesPerForm990Amt0811320
IRS990ScheduleD/TotalLiabilityAmt01068
IRS990ScheduleD/TotalRevenuePerForm990Amt0603689
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0603689
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0811314
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO A MANAGEMENT COMPANY. PLEASE SEE NOTE 7 IN FINANCIAL STATEMENTS FOR ADDITIONAL DETAILS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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/ExplanationTxt2MEMBERS USUALLY SIGN THE CONFLICT OF INTEREST FORMS WHEN APPLYING TO HUD FOR A NEW PROJECT. FORMS ARE UPDATED ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS ANNUAL TAX FORMS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BAD DEBT EXPENSE 6.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS A COMMITTEE THAT IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE 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 B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART 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 STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd007107
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10

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