Civic Intelligence

Great Falls Housing Corporation

EIN 27-2230034 • 501(c)3 • Paterson, NJ

Profile

Great falls housing corporation is a community housing development organization with the mission of creating affordable housing in the city of paterson.

PO Box 6976Paterson, NJ 07509

n/A

Siviq Scores

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

Liabilities / Assets

46th percentile

0.50x

Higher debt load relative to assets than 46% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

7.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Net Margin

36th percentile

-8.7%

Higher net margin than 36% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$269,573

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 47.1% of source-year revenue.

NTEE L • $5M-$10M nonprofits • Source year 2024

Asset Growth

37th percentile

-1.9%

Faster asset growth than 37% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

22%

Faster revenue growth than 81% of similar nonprofits.

NTEE L • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$8,072,063

Down $158,475 (-1.9%) from 2023

Liabilities

Down

$4,046,765

Down $44,241 (-1.1%) from 2023

Net Assets

Down

$4,025,298

Down $114,234 (-2.8%) from 2023

Operations
Liabilities / Revenue76th percentileNet Margin36th percentile

Revenue

Up

$571,739

Up $103,095 (+22%) from 2023

Expenses

Up

$621,345

Up $95,306 (+18%) from 2023

Net Income

Up

-$49,606

Up $7,789 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth37th percentile

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

$10M$5.0M$0Assets 2013: $1,164,588Liabilities 2013: $1,164,410Net Assets 2013: $1782013Assets 2014: $3,416,979Liabilities 2014: $2,519,462Net Assets 2014: $897,5172014Assets 2015: $4,991,724Liabilities 2015: $3,151,013Net Assets 2015: $1,840,7112015Assets 2016: $6,456,217Liabilities 2016: $3,469,037Net Assets 2016: $2,987,1802016Assets 2017: $9,875,170Liabilities 2017: $4,938,404Net Assets 2017: $4,936,7662017Assets 2018: $9,217,945Liabilities 2018: $4,504,641Net Assets 2018: $4,713,3042018Assets 2019: $8,707,074Liabilities 2019: $4,225,020Net Assets 2019: $4,482,0542019Assets 2020: $8,576,876Liabilities 2020: $4,235,917Net Assets 2020: $4,340,9592020Assets 2021: $8,460,735Liabilities 2021: $4,200,950Net Assets 2021: $4,259,7852021Assets 2022: $8,324,639Liabilities 2022: $4,127,712Net Assets 2022: $4,196,9272022Assets 2023: $8,230,538Liabilities 2023: $4,091,006Net Assets 2023: $4,139,5322023Assets 2024: $8,072,063Liabilities 2024: $4,046,765Net Assets 2024: $4,025,2982024

Highlighted filing

2024

Assets$8,072,063
Liabilities$4,046,765
Net Assets$4,025,298
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2013: $1212013Revenue 2014: $897,460Expenses 2014: $121Net Income 2014: $897,3392014Revenue 2015: $307,855Expenses 2015: $167,597Net Income 2015: $140,2582015Revenue 2016: $1,666,862Expenses 2016: $320,393Net Income 2016: $1,346,4692016Revenue 2017: $442,303Expenses 2017: $486,148Net Income 2017: -$43,8452017Revenue 2018: $374,573Expenses 2018: $598,035Net Income 2018: -$223,4622018Revenue 2019: $326,506Expenses 2019: $557,756Net Income 2019: -$231,2502019Revenue 2020: $390,373Expenses 2020: $531,468Net Income 2020: -$141,0952020Revenue 2021: $460,068Expenses 2021: $541,242Net Income 2021: -$81,1742021Revenue 2022: $559,720Expenses 2022: $622,578Net Income 2022: -$62,8582022Revenue 2023: $468,644Expenses 2023: $526,039Net Income 2023: -$57,3952023Revenue 2024: $571,739Expenses 2024: $621,345Net Income 2024: -$49,6062024

Highlighted filing

2024

Revenue$571,739
Expenses$621,345
Net Income-$49,606
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
$8,072,063
Liabilities
$4,046,765
Net assets
$4,025,298
Revenue
$571,739
Expenses
$621,345
Net income
-$49,606
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.07$4.05$4.03$0.57$0.62$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.23$4.09$4.14$0.47$0.53$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.32$4.13$4.20$0.56$0.62$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.46$4.20$4.26$0.46$0.54$0.08
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.58$4.24$4.34$0.39$0.53$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.71$4.23$4.48$0.33$0.56$0.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.22$4.50$4.71$0.37$0.60$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.88$4.94$4.94$0.44$0.49$0.04
2016Detailed filing. Detailed filing data is available for this year.$6.46$3.47$2.99$1.67$0.32$1.35
2015Detailed filing. Detailed filing data is available for this year.$4.99$3.15$1.84$0.31$0.17$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.42$2.52$0.90$0.90$0.00$0.90
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$1.16$0.00$0.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$575,450
Mission and Program Overview

Mission

GREAT FALLS HOUSING CORPORATION is a community housing development organization with the mission of creating affordable housing in the city of paterson.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,877,996$7,682,019▼ $195,977
Cash and Non-Interest-Bearing Accounts$284,503$305,201▲ $20,698
Accounts Receivable$93,911$119,404▲ $25,493
Total Assets$8,460,735$8,324,639▼ $136,096
Other Assets Total$204,325$218,015▲ $13,690
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,031,360$3,987,634▼ $43,726
Accounts Payable and Accrued Expenses$92,203$92,203→ $0
Other Liabilities$77,387$47,875▼ $29,512
Total Liabilities$4,200,950$4,127,712▼ $73,238
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,259,785$4,196,927▼ $62,858
Total Net Assets Fund Balance$4,259,785$4,196,927▼ $62,858
Total Liabilities and Net Assets / Fund Balance$8,460,735$8,324,639▼ $136,096

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$7,322,559$1,292,411$8,614,970
Buildings$279,460$40,540$320,000
Land$80,000-$80,000
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleOtherTotal
Michael CassidySecretary/treasurer$141,363$141,363

Board Members and Trustees

NameTitle
Robert F GuarasciChair/president
Martin VergaraVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$218,415
Program Service Revenue
$342,592
Investment Income
$191
Other Revenue
$-1,478
Change in Net Assets
$-62,858

Audited Revenue Reconciliation

Revenue per Audited Statements
$559,720
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$559,720
Total Revenue per Form 990
$559,720
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$622,578
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$204,131--$204,131
Fees for Services Management$72,000--$72,000
Fees for Services Other$52,456--$52,456
Insurance$34,353--$34,353
Interest$33,409--$33,409
Office Expenses$22,729--$22,729
Occupancy$12,718--$12,718
Fees for Services Accounting$4,250--$4,250
Other Expenses$3,941--$3,941
All Other Expenses$900--$900
Fees for Services Legal$588--$588
Conferences and Meetings$265--$265
Total Functional Expenses$622,578$0$0$622,578

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$622,578
Total Expenses per Audited Statements$622,578
Total Expenses per Form 990$622,578
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 Deposit$26,349
Due to Affiliates$21,526
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Robert guarasci and mike cassidy have a business relationship.”

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

“The 990 is presented and reviewed at the board meeting prior to filing.”

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

“The organization has a written conflict of interest policy and trustees are asked to disclose if there are any conflicts.”

Form 990, Part VI, Section C, Line 18

“Form 990 is available for public inspection by anyone during normal business hours upon request. It is also available for inspection on the guide star website.”

Form 990, Part VI, Section C, Line 19

“Governance documents, conflict of interest policy, and financial statements are available for viewing by the public at the administrative office upon request.”

Filing and Contact Details

Filer

Filer Name
Great Falls Housing Corporation
EIN
27-2230034
Phone
9734131600
Address
PO BOX 6976, PATERSON, NJ 07509

Signing Officer

Name
Robert Guarasci
Title
CEO
Phone
9734131600
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Guarasci
Formed
2009
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
1
Employees
0
Volunteers
3

Preparer

Firm
Sax Llp
Address
389 INTERPACE PARKWAY STE 3, PARSIPPANY, NJ 07054
Preparer
Marqus White
Phone
9734726250
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The new jersey community development corporation's audit committee assumes responsibilty for the consolidated audited financial statements and the selection of an independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes as an organization described under section 501(c)(3) of the u.s. Internal revenue code and has been classified as an organization that is not a private foundation under section 509(a). Management evaluated the organization's tax position in accordance for uncertainty in income taxes and concluded that the organization had taken no uncertain tax positions that require adjustments to the financial statements to comply with the provisions of this guidance. With few exceptions, the organization is no longer subject to income tax examinations by the u.s. Federal, state, or local tax authorities unless the organization was to engage in activities that would generate unrelated business income. Elm street supportive housing, llc is a single member llc of great falls housing corporation, which is also a wholly owned subsidiary of new jersey community development corporation and is a tax exempt organization as mentioned above.”

Raw XML AppendixShowing 400 of 478 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/BOYAmt092203
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt092203
IRS990/AccountsReceivableGrp/BOYAmt093911
IRS990/AccountsReceivableGrp/EOYAmt0119404
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0GREAT FALLS HOUSING CORPORATION IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION WITH THE MISSION OF CREATING AFFORDABLE HOUSING IN THE CITY OF PATERSON.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0900
IRS990/AllOtherExpensesGrp/TotalAmt0900
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ROBERT GUARASCI
IRS990/BooksInCareOfDetail/PhoneNum09734131600
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt032 SPRUCE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PATERSON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007501
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0284503
IRS990/CashNonInterestBearingGrp/EOYAmt0305201
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0265
IRS990/ConferencesMeetingsGrp/TotalAmt0265
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0218415
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0191
IRS990/CYOtherExpensesAmt0622578
IRS990/CYOtherRevenueAmt0-1478
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IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0559720
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0204131
IRS990/DepreciationDepletionGrp/TotalAmt0204131
IRS990/Desc0AFFORDABLE HOUSING FOR CHARITABLE PURPOSES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0622578
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04250
IRS990/FeesForServicesAccountingGrp/TotalAmt04250
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0588
IRS990/FeesForServicesLegalGrp/TotalAmt0588
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt072000
IRS990/FeesForServicesManagementGrp/TotalAmt072000
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt052456
IRS990/FeesForServicesOtherGrp/TotalAmt052456
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt012436
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt2323
IRS990/Form990PartVIISectionAGrp/PersonNm0ROBERT F GUARASCI
IRS990/Form990PartVIISectionAGrp/PersonNm1MARTIN VERGARA
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL CASSIDY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0254685
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2141040
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR/PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GovernmentGrantsAmt0218415
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0575450
IRS990/GrossRentsGrp/RealAmt014252
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt034353
IRS990/InsuranceGrp/TotalAmt034353
IRS990/InterestGrp/ProgramServicesAmt033409
IRS990/InterestGrp/TotalAmt033409
IRS990/InvestmentIncomeGrp/ExclusionAmt0191
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0191
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/LegalDomicileStateCd0NJ
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MoreThan5000KToIndividualsInd00
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IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-1478
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
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IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc2FACILITY COSTS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
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IRS990/OtherExpensesGrp/ProgramServicesAmt229203
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IRS990/OtherLiabilitiesGrp/BOYAmt077387
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0342592
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalRevenueAmt0460068
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-62858
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-1478
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0341114
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0218415
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0257725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0194227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0186027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0242446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01098840
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0191
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01359
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06571
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0999029
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99410
IRS990ScheduleA/PublicSupportPY170Pct00.99330
IRS990ScheduleA/PublicSupportTotal170Amt01098840
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0218415
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0257725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0194227
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0186027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0242446
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01098840
IRS990ScheduleA/TotalSupportAmt01105411
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0279460
IRS990ScheduleD/BuildingsGrp/DepreciationAmt040540
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0320000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0622578
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt080000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt080000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07322559
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01292411
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt08614970
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021526
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126349
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0559720
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES AS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A). MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITION IN ACCORDANCE FOR UNCERTAINTY IN INCOME TAXES AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES UNLESS THE ORGANIZATION WAS TO ENGAGE IN ACTIVITIES THAT WOULD GENERATE UNRELATED BUSINESS INCOME. ELM STREET SUPPORTIVE HOUSING, LLC IS A SINGLE MEMBER LLC OF GREAT FALLS HOUSING CORPORATION, WHICH IS ALSO A WHOLLY OWNED SUBSIDIARY OF NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION AND IS A TAX EXEMPT ORGANIZATION AS MENTIONED ABOVE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07682019
IRS990ScheduleD/TotalExpensesPerForm990Amt0622578
IRS990ScheduleD/TotalLiabilityAmt047875
IRS990ScheduleD/TotalRevenuePerForm990Amt0559720
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0559720
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0622578
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt040000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0214685
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt012436
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ROBERT F GUARASCI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHAIR/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0267121
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ROBERT GUARASCI AND MIKE CASSIDY HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PRESENTED AND REVIEWED AT THE BOARD MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY AND TRUSTEES ARE ASKED TO DISCLOSE IF THERE ARE ANY CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION BY ANYONE DURING NORMAL BUSINESS HOURS UPON REQUEST. IT IS ALSO AVAILABLE FOR INSPECTION ON THE GUIDE STAR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNANCE DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE FOR VIEWING BY THE PUBLIC AT THE ADMINISTRATIVE OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILTY FOR THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0GREAT FALLS HOUSING CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0ELM STREET SUPPORTIVE HOUSING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0270455705
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt04994961
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTAL ACTIVITY
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0356538
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 6976
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PATERSON
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd007509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW JERSEY COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NEW JERSEY COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW JERSEY COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HAWTHORNE SUPPORTIVE HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt275 SPRUCE STREET DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223282526
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1201505451
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2261150169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NJCDC IS A NON-PROFIT COMMUNITY DEVELOPMENT & SOCIAL SERVICE AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1RENTAL ACTIVITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2RENTAL ACTIVITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 6976
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1PO BOX 6976
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2PO BOX 6976
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PATERSON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1PATERSON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2PATERSON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107509
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd207509
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0120000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt117233
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NEW JERSEY COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NEW JERSEY COMMUNITY DEVELOPMENT CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00

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