Civic Intelligence

Freeman Apartments Inc.

990 • Fiscal year 2019 • EIN 31-1510338

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 08, 2020

Organization ProfileN/A
PO Box 2052Westfield, NJ 07091-2052

(908) 325-1727

Siviq Scores

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

Liabilities / Assets

26th percentile

0.09x

Higher debt load relative to assets than 26% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

24th percentile

0.49x

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

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Net Margin

66th percentile

-0.9%

Higher net margin than 66% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

44th percentile

$0

Higher top officer pay than 44% of similar nonprofits.

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

2019 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2019

Asset Growth

84th percentile

4.2%

Faster asset growth than 84% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

34%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$1,243,302

Up $50,602 (+4.2%) from 2018

Net Assets

Down

$1,131,014

Down $3,375 (-0.3%) from 2018

Liabilities

Up

$112,288

Up $53,977 (+93%) from 2018

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin66th percentile

Revenue

Up

$228,735

Up $57,522 (+34%) from 2018

Expenses

Up

$230,807

Up $6,015 (+2.7%) from 2018

Net Income

Up

-$2,072

Up $51,507 (+96%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2019

Assets$1,243,302
Liabilities$112,288
Net Assets$1,131,014
Open 2019 Filing

Operations Trend

Revenue Growth89th 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

2019

Revenue$228,735
Expenses$230,807
Net Income-$2,072
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 8, 2020
Return Version
2019v5.1
Gross Receipts
$228,735
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$1,077,246$1,133,468▲ $56,222
Accounts Receivable$8,990$60,365▲ $51,375
Cash and Non-Interest-Bearing Accounts$7,855$5,351▼ $2,504
Prepaid Expenses and Deferred Charges$1,941$4,645▲ $2,704
Total Assets$1,192,700$1,243,302▲ $50,602
Other Assets Total$96,668$39,473▼ $57,195
Liabilities
Mortgage Notes Payable Secured by Investment Property-$49,700-
Accounts Payable and Accrued Expenses$47,825$49,145▲ $1,320
Deferred Revenue$5,381$8,338▲ $2,957
Escrow Account Liability$5,105$5,105→ $0
Total Liabilities$58,311$112,288▲ $53,977
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,134,389$1,131,014▼ $3,375
Total Net Assets Fund Balance$1,134,389$1,131,014▼ $3,375
Total Liabilities and Net Assets / Fund Balance$1,192,700$1,243,302▲ $50,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$983,278$839,152$1,822,430
Equipment$150,190$39,717$189,907
Compensation and Service Providers
Top Officer Pay44th percentile

Board Members and Trustees

NameTitle
Charles NewmanPresident
Ed HeatonVice President
Apu MullickTrustee
Bruce BergenTrustee
Chris AlloraTrustee
Jane Hoffman Through 1619Trustee
Rhoda MillerTrustee
Richard BrownTrustee
Ruth Smith Through 21519Trustee
Susan P HowleyTrustee
Elisa SananmanSecretary
Philip T PasmanikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$40,000
Program Service Revenue
$188,687
Investment Income
$48
Other Revenue
$0
Change in Net Assets
$-2,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$228,735
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$228,735
Total Revenue per Form 990
$228,735
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$216,449
Salaries, Compensation, and Employee Benefits$14,358
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$59,517--$59,517
Fees for Services Management$15,300$14,952-$30,252
Occupancy$18,569--$18,569
Other Salaries and Wages$11,288--$11,288
Fees for Services Accounting-$10,741-$10,741
Insurance$8,787--$8,787
Other Expenses$5,820$3,206-$5,820
Office Expenses-$4,157-$4,157
All Other Expenses$1,418$1,065-$2,483
Other Employee Benefits$2,150--$2,150
Payroll Taxes$920--$920
Total Functional Expenses$196,686$34,121$0$230,807

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$232,110
Expenses per Audited Statements$230,807
Total Expenses per Form 990$230,807
Expenses Not Reported on Form 990$1,303
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 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
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 11B

“A copy of the form 990 will be given to all trustees prior to filing 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
PO BOX 2052, WESTFIELD, NJ 07091-2052

Signing Officer

Name
Philip T Pasmanik
Title
Treasurer
Phone
9083251727
Signed
2020-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip T Pasmanik
Formed
1997
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
2
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 -1,303.”

Form 990, Part XII, Line 2C

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

Financial Statement Notes

PART IV, LINE 2B:

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

PART X, LINE 2:

“The project is exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code. The project follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the project's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, disclosure and transition. The project's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during years 2019 and 2018. At december 31, 2019 and 2018, there are no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“BAD DEBT EXPENSE 1,303.”

Raw XML AppendixShowing 400 of 504 raw XML fields

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

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IRS990/OtherExpensesGrp/Desc2ADMIN RENT-FREE UNIT
IRS990/OtherExpensesGrp/Desc3SNOW REMOVAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03206
IRS990/OtherExpensesGrp/ProgramServicesAmt031387
IRS990/OtherExpensesGrp/ProgramServicesAmt128114
IRS990/OtherExpensesGrp/ProgramServicesAmt213416
IRS990/OtherExpensesGrp/ProgramServicesAmt35820
IRS990/OtherExpensesGrp/TotalAmt031387
IRS990/OtherExpensesGrp/TotalAmt131320
IRS990/OtherExpensesGrp/TotalAmt213416
IRS990/OtherExpensesGrp/TotalAmt35820
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt011288
IRS990/OtherSalariesAndWagesGrp/TotalAmt011288
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0920
IRS990/PayrollTaxesGrp/TotalAmt0920
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01941
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04645
IRS990/PrincipalOfficerNm0PHILIP T PASMANIK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/Desc0RENT RECEIPTS - HUD
IRS990/ProgramServiceRevenueGrp/Desc1RENT RECEIPTS - TENANT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0119881
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt167943
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2863
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0119881
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt167943
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2863
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt082
IRS990/PYOtherExpensesAmt0211746
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0171131
IRS990/PYRevenuesLessExpensesAmt0-53579
IRS990/PYSalariesCompEmpBnftPaidAmt013046
IRS990/PYTotalExpensesAmt0224792
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0171213
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2072
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0188687
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt040000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt040000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0103
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0188687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0171131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0180405
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0188551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0164296
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0893070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt096
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0594
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99940
IRS990ScheduleA/PublicSupportPY509Pct00.99770
IRS990ScheduleA/PublicSupportTotal509Amt0933070
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0228687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0171131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0180405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0188551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0164296
IRS990ScheduleA/Total509Grp/TotalAmt0933070
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0228735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0171213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0180670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0188654
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0164392
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0933664
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0983278
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0839152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01822430
IRS990ScheduleD/EquipmentGrp/BookValueAmt0150190
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039717
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0189907
IRS990ScheduleD/ExpensesNotReportedAmt01303
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0230807
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesIncludedAmt01303
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0228735
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINS SECURITY DEPOSITS IN TRUST IN THE NAME OF EACH TENANT.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING YEARS 2019 AND 2018. AT DECEMBER 31, 2019 AND 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD DEBT EXPENSE 1,303.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01133468
IRS990ScheduleD/TotalExpensesPerForm990Amt0230807
IRS990ScheduleD/TotalRevenuePerForm990Amt0228735
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0228735
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0232110
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 FILING 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/ExplanationTxt4BAD DEBT EXPENSE -1,303.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART 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/PrimaryActivitiesTxt0PERFORMS CONSULTING FUNCTIONS & PAYS VARIOUS TAX & REGISTRATION FEES
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NEW JERSEY CONNECT INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0PO BOX 2052

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,243,302
Liabilities
$112,288
Net assets
$1,131,014
Revenue
$228,735
Expenses
$230,807
Net income
-$2,072
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