Civic Intelligence

Freeman Apartments Inc.

990 • Fiscal year 2014 • EIN 31-1510338

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

Organization ProfileN/A
41 Hillside AvenueSpringfield, NJ 07081

(908) 325-1727

Siviq Scores

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

Liabilities / Assets

18th percentile

0.03x

Higher debt load relative to assets than 18% of similar nonprofits.

2014 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

23rd percentile

0.27x

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

2014 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2014

Net Margin

34th percentile

-34%

Higher net margin than 34% of similar nonprofits.

2014 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

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

2014 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2014

Asset Growth

41st percentile

-2.8%

Faster asset growth than 41% of similar nonprofits.

2014 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

30th percentile

-1.3%

Faster revenue growth than 30% of similar nonprofits.

2014 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets18th percentile

Assets

Down

$1,309,907

Down $37,884 (-2.8%) from 2013

Net Assets

Down

$1,266,735

Down $54,848 (-4.2%) from 2013

Liabilities

Up

$43,172

Up $16,964 (+65%) from 2013

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin34th percentile

Revenue

Down

$160,663

Down $2,138 (-1.3%) from 2013

Expenses

Up

$215,511

Up $10,345 (+5.0%) from 2013

Net Income

Down

-$54,848

Down $12,483 (-29%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,464,040Liabilities 2010: $27,150Net Assets 2010: $1,436,8902010Assets 2011: $1,423,564Liabilities 2011: $28,056Net Assets 2011: $1,395,5082011Assets 2012: $1,393,124Liabilities 2012: $29,176Net Assets 2012: $1,363,9482012Assets 2013: $1,347,791Liabilities 2013: $26,208Net Assets 2013: $1,321,5832013Assets 2014: $1,309,907Liabilities 2014: $43,172Net Assets 2014: $1,266,7352014Assets 2015: $1,272,813Liabilities 2015: $44,736Net Assets 2015: $1,228,0772015Assets 2016: $1,254,322Liabilities 2016: $23,527Net Assets 2016: $1,230,7952016Assets 2017: $1,256,862Liabilities 2017: $65,081Net Assets 2017: $1,191,7812017Assets 2018: $1,192,700Liabilities 2018: $58,311Net Assets 2018: $1,134,3892018Assets 2019: $1,243,302Liabilities 2019: $112,288Net Assets 2019: $1,131,0142019Assets 2020: $1,119,308Liabilities 2020: $52,370Net Assets 2020: $1,066,9382020Assets 2021: $1,077,310Liabilities 2021: $51,184Net Assets 2021: $1,026,1262021Assets 2022: $1,021,787Liabilities 2022: $62,554Net Assets 2022: $959,2332022Assets 2023: $960,191Liabilities 2023: $77,549Net Assets 2023: $882,6422023Assets 2024: $867,630Liabilities 2024: $62,859Net Assets 2024: $804,7712024

Highlighted filing

2014

Assets$1,309,907
Liabilities$43,172
Net Assets$1,266,735
Open 2014 Filing

Operations Trend

Revenue Growth30th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $179,5092010Expenses 2011: $196,3502011Expenses 2012: $191,1312012Revenue 2013: $162,801Expenses 2013: $205,166Net Income 2013: -$42,3652013Revenue 2014: $160,663Expenses 2014: $215,511Net Income 2014: -$54,8482014Revenue 2015: $164,392Expenses 2015: $203,050Net Income 2015: -$38,6582015Revenue 2016: $188,654Expenses 2016: $185,936Net Income 2016: $2,7182016Revenue 2017: $180,670Expenses 2017: $219,684Net Income 2017: -$39,0142017Revenue 2018: $171,213Expenses 2018: $224,792Net Income 2018: -$53,5792018Revenue 2019: $228,735Expenses 2019: $230,807Net Income 2019: -$2,0722019Revenue 2020: $187,141Expenses 2020: $253,778Net Income 2020: -$66,6372020Revenue 2021: $186,521Expenses 2021: $226,450Net Income 2021: -$39,9292021Revenue 2022: $200,648Expenses 2022: $266,156Net Income 2022: -$65,5082022Revenue 2023: $191,246Expenses 2023: $267,837Net Income 2023: -$76,5912023Revenue 2024: $208,973Expenses 2024: $286,844Net Income 2024: -$77,8712024

Highlighted filing

2014

Revenue$160,663
Expenses$215,511
Net Income-$54,848
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$160,663
Mission and Program Overview

Mission

To provide housing for low income disabled individuals.

To provide low income housing for the disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,214,628$1,205,659▼ $8,969
Savings and Temporary Cash Investments$122,709$96,940▼ $25,769
Prepaid Expenses and Deferred Charges$2,094$1,753▼ $341
Accounts Receivable$1,935$663▼ $1,272
Cash and Non-Interest-Bearing Accounts$1,756$532▼ $1,224
Total Assets$1,347,791$1,309,907▼ $37,884
Other Assets Total$4,669$4,360▼ $309
Liabilities
Accounts Payable and Accrued Expenses$20,238$38,812▲ $18,574
Escrow Account Liability$4,669$4,360▼ $309
Deferred Revenue$1,301$0▼ $1,301
Total Liabilities$26,208$43,172▲ $16,964
Net Assets / Fund Balance
Unrestricted Net Assets$1,321,583$1,266,735▼ $54,848
Total Net Assets Fund Balance$1,321,583$1,266,735▼ $54,848
Total Liabilities and Net Assets / Fund Balance$1,347,791$1,309,907▼ $37,884

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,203,833$598,817$1,802,650
Equipment$1,826$21,084$22,910
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
Charles NewmanPresident
Ed HeatonVice President
Chris AlloraTrustee
Jeremy MontgomeryTrustee
Marcia M FormanTrustee
Ruth SmithTrustee
Susan P HowleyTrustee
Vince KnollTrustee
Elisa SananmanSecretary
Philip T PasmanikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$159,236
Investment Income
$111
Other Revenue
$1,316
Change in Net Assets
$-54,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,408
Total Revenue per Audited Statements
$173,071
Total Revenue per Form 990
$160,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,087
Salaries, Compensation, and Employee Benefits$25,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$46,619--$46,619
Fees for Services Management$14,303$14,952-$29,255
Other Salaries and Wages$21,402--$21,402
Fees for Services Other$20,867--$20,867
Occupancy$16,620--$16,620
Insurance$11,069--$11,069
Fees for Services Accounting-$9,875-$9,875
Office Expenses-$9,255-$9,255
Other Employee Benefits$2,106--$2,106
Payroll Taxes$1,916--$1,916
Other Expenses$45,445$618-$618
Fees for Services Legal-$464-$464
Total Functional Expenses$180,347$35,164$0$215,511

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$227,919
Expenses per Audited Statements$215,511
Total Expenses per Form 990$215,511
Expenses Not Reported on Form 990$12,408
Expenses Not Reported on Financial Statements$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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization contracts a 3rd party management company to perform management functions for the housing units.”

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 will be given to all trustees prior to filling for review. A vote will be taken for the approval of the form.”

Form 990, Part VI, Section B, Line 15

“The fees paid to the management company are determined and regulated by hud. The organization does not compensate officers and does not have key employees.”

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
Freeman Apartments Inc
EIN
31-1510338
Phone
9083251727
Address
41 HILLSIDE AVENUE, SPRINGFIELD, NJ 07081

Signing Officer

Name
Charles Newman
Title
President
Phone
9083251727
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles Newman
Formed
1997
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
2
Volunteers
0

Preparer

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

Additional Explanations

Part XII, Line 2C

“No change from 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 de-recognition, 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 2014 and 2013. The tax years subject to audit by federal and state jurisdictions are the years 2011 and forward. At december 31, 2014 and 2013, there are no significant income tax uncertainties.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“RENT FREE UNIT”

PART XI AND PART XII, LINE 2D:

“Adjustment is due to the rent free unit for the superintendent of the building. For financial statement purposes this amount is grossed up and included in revenue and expenses.”

Raw XML AppendixShowing 400 of 468 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/BOYAmt020238
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt038812
IRS990/AccountsReceivableGrp/BOYAmt01935
IRS990/AccountsReceivableGrp/EOYAmt0663
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING FOR THE DISABLED.
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RPMARZULLI CO INC
IRS990/BooksInCareOfDetail/PhoneNum09737432300
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0264 BELLEVILLE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0BLOOMFIELD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007003
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt01756
IRS990/CashNonInterestBearingGrp/EOYAmt0532
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd01
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0111
IRS990/CYOtherExpensesAmt0190087
IRS990/CYOtherRevenueAmt01316
IRS990/CYProgramServiceRevenueAmt0159236
IRS990/CYRevenuesLessExpensesAmt0-54848
IRS990/CYSalariesCompEmpBnftPaidAmt025424
IRS990/CYTotalExpensesAmt0215511
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0160663
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt01301
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt046619
IRS990/DepreciationDepletionGrp/TotalAmt046619
IRS990/Desc0THE ORGANIZATION PROVIDES 14 UNITS OF RESIDENTIAL HOUSING FOR LOW INCOME DISABLED INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountLiabilityGrp/BOYAmt04669
IRS990/EscrowAccountLiabilityGrp/EOYAmt04360
IRS990/ExpenseAmt0180347
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09875
IRS990/FeesForServicesAccountingGrp/TotalAmt09875
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0464
IRS990/FeesForServicesLegalGrp/TotalAmt0464
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt014952
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt014303
IRS990/FeesForServicesManagementGrp/TotalAmt029255
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt020867
IRS990/FeesForServicesOtherGrp/TotalAmt020867
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0CHARLES NEWMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1ELISA SANANMAN
IRS990/Form990PartVIISectionAGrp/PersonNm2MARCIA M FORMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3SUSAN P HOWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4PHILIP T PASMANIK
IRS990/Form990PartVIISectionAGrp/PersonNm5RUTH SMITH
IRS990/Form990PartVIISectionAGrp/PersonNm6VINCE KNOLL
IRS990/Form990PartVIISectionAGrp/PersonNm7ED HEATON
IRS990/Form990PartVIISectionAGrp/PersonNm8JEREMY MONTGOMERY
IRS990/Form990PartVIISectionAGrp/PersonNm9CHRIS ALLORA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01997
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0160663
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt011069
IRS990/InsuranceGrp/TotalAmt011069
IRS990/InvestmentIncomeGrp/ExclusionAmt0111
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0111
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0619901
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01214628
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01205659
IRS990/LandBldgEquipCostOrOtherBssAmt01825560
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HOUSING FOR LOW INCOME DISABLED INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01321583
IRS990/NetAssetsOrFundBalancesEOYAmt01266735
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt016620
IRS990/OccupancyGrp/TotalAmt016620
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09255
IRS990/OfficeExpensesGrp/TotalAmt09255
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt04669
IRS990/OtherAssetsTotalGrp/EOYAmt04360
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02106
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02106
IRS990/OtherExpensesGrp/Desc0OPERATING/ MAINTENANCE
IRS990/OtherExpensesGrp/Desc1MISC.-LICENSES, TAXES,
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0618
IRS990/OtherExpensesGrp/ProgramServicesAmt045445
IRS990/OtherExpensesGrp/TotalAmt045445
IRS990/OtherExpensesGrp/TotalAmt1618
IRS990/OtherRevenueMiscGrp/BusinessCd0812300
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01316
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01316
IRS990/OtherRevenueTotalAmt01316
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021402
IRS990/OtherSalariesAndWagesGrp/TotalAmt021402
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01916
IRS990/PayrollTaxesGrp/TotalAmt01916
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02094
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01753
IRS990/PrincipalOfficerNm0CHARLES NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT RECEIPTS - HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENT RECEIPTS - TENANT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0109154
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt150082
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0109154
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt150082
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0123
IRS990/PYOtherExpensesAmt0179486
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0162678
IRS990/PYRevenuesLessExpensesAmt0-42365
IRS990/PYSalariesCompEmpBnftPaidAmt025680
IRS990/PYTotalExpensesAmt0205166
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0162801
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-54848
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0160552
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0122709
IRS990/SavingsAndTempCashInvstGrp/EOYAmt096940
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0123
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0249
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0339
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01034
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0159236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0173712
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0158184
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0152850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0147509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0791491
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0249
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0339
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01034
IRS990ScheduleA/InvestmentIncomeCYPct00.00130
IRS990ScheduleA/InvestmentIncomePYPct00.00200
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01316
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01374
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01175
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01869
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01110
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06844
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99010
IRS990ScheduleA/PublicSupportPY509Pct00.98940
IRS990ScheduleA/PublicSupportTotal509Amt0791491
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0159236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0173712
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0158184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0152850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0147509
IRS990ScheduleA/Total509Grp/TotalAmt0791491
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160663
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0175209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0159571
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0154968
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0148958
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0799369
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01203833
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0598817
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01802650
IRS990ScheduleD/EquipmentGrp/BookValueAmt01826
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021084
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022910
IRS990ScheduleD/ExpensesNotReportedAmt012408
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0215511
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesIncludedAmt012408
IRS990ScheduleD/OtherRevenueAmt012408
IRS990ScheduleD/RevenueNotReportedAmt012408
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0160663
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 DE-RECOGNITION, 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 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS 2011 AND FORWARD. AT DECEMBER 31, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENT FREE UNIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENT FREE UNIT
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4ADJUSTMENT IS DUE TO THE RENT FREE UNIT FOR THE SUPERINTENDENT OF THE BUILDING. FOR FINANCIAL STATEMENT PURPOSES THIS AMOUNT IS GROSSED UP AND INCLUDED IN REVENUE AND EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI AND PART XII, LINE 2D:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01205659
IRS990ScheduleD/TotalExpensesPerForm990Amt0215511
IRS990ScheduleD/TotalRevenuePerForm990Amt0160663
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0173071
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0227919
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION CONTRACTS A 3RD PARTY MANAGEMENT COMPANY TO PERFORM MANAGEMENT FUNCTIONS FOR THE HOUSING UNITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 WILL BE GIVEN TO ALL TRUSTEES PRIOR TO FILLING FOR REVIEW. A VOTE WILL BE TAKEN FOR THE APPROVAL OF THE FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FEES PAID TO THE MANAGEMENT COMPANY ARE DETERMINED AND REGULATED BY HUD. THE ORGANIZATION DOES NOT COMPENSATE OFFICERS AND DOES NOT HAVE KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FORMS 1023 AND 990 ARE AVAILABLE UPON REQUEST AND FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PERFROMS CONSULTING FUNCTIONS & PAYS VARIOUS TAX & REGISTRATION FEES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NEW JERSEY CONNECT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 2052
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0WESTFIELD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd0079012052
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01347791
IRS990/TotalAssetsEOYAmt01309907
IRS990/TotalAssetsGrp/BOYAmt01347791

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,309,907
Liabilities
$43,172
Net assets
$1,266,735
Revenue
$160,663
Expenses
$215,511
Net income
-$54,848
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.87$0.06$0.80$0.21$0.29$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.08$0.88$0.19$0.27$0.08
2022Detailed filing. Detailed filing data is available for this year.$1.02$0.06$0.96$0.20$0.27$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.05$1.03$0.19$0.23$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.12$0.05$1.07$0.19$0.25$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.11$1.13$0.23$0.23$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.13$0.17$0.22$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.26$0.07$1.19$0.18$0.22$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.25$0.02$1.23$0.19$0.19$0.00
2015Detailed filing. Detailed filing data is available for this year.$1.27$0.04$1.23$0.16$0.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.31$0.04$1.27$0.16$0.22$0.05
2013Detailed filing. Detailed filing data is available for this year.$1.35$0.03$1.32$0.16$0.21$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.03$1.36$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.03$1.40$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.03$1.44$0.18