Civic Intelligence

Freeman Apartments Inc.

990 • Fiscal year 2020 • EIN 31-1510338

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 29, 2021

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

20th percentile

0.05x

Higher debt load relative to assets than 20% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

24th percentile

0.28x

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

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Net Margin

34th percentile

-36%

Higher net margin than 34% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2020 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2020

Asset Growth

6th percentile

-10.0%

Faster asset growth than 6% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

10th percentile

-18%

Faster revenue growth than 10% of similar nonprofits.

2020 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$1,119,308

Down $123,994 (-10.0%) from 2019

Net Assets

Down

$1,066,938

Down $64,076 (-5.7%) from 2019

Liabilities

Down

$52,370

Down $59,918 (-53%) from 2019

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin34th percentile

Revenue

Down

$187,141

Down $41,594 (-18%) from 2019

Expenses

Up

$253,778

Up $22,971 (+10.0%) from 2019

Net Income

Down

-$66,637

Down $64,565 (-3116%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2020

Assets$1,119,308
Liabilities$52,370
Net Assets$1,066,938
Open 2020 Filing

Operations Trend

Revenue Growth10th 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

2020

Revenue$187,141
Expenses$253,778
Net Income-$66,637
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 29, 2021
Return Version
2020v4.1
Gross Receipts
$187,141
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$1,133,468$1,067,195▼ $66,273
Cash and Non-Interest-Bearing Accounts$5,351$3,865▼ $1,486
Prepaid Expenses and Deferred Charges$4,645$2,909▼ $1,736
Accounts Receivable$60,365$2,384▼ $57,981
Total Assets$1,243,302$1,119,308▼ $123,994
Other Assets Total$39,473$42,955▲ $3,482
Liabilities
Accounts Payable and Accrued Expenses$49,145$22,151▼ $26,994
Mortgage Notes Payable Secured by Investment Property$49,700$14,700▼ $35,000
Deferred Revenue$8,338$10,416▲ $2,078
Escrow Account Liability$5,105$5,103▼ $2
Total Liabilities$112,288$52,370▼ $59,918
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,131,014$1,066,938▼ $64,076
Total Net Assets Fund Balance$1,131,014$1,066,938▼ $64,076
Total Liabilities and Net Assets / Fund Balance$1,243,302$1,119,308▼ $123,994

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$934,936$887,494$1,822,430
Equipment$132,259$62,648$194,907
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Charles Newman Through 51320President
Ed HeatonVice President
Apu MullickTrustee
Bruce BergenTrustee
Chris AlloraTrustee
Manny RamirezTrustee
Rhoda MillerTrustee
Richard BrownTrustee
Susan P HowleyTrustee
Elisa SananmanSecretary
Philip T PasmanikTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$186,850
Investment Income
$33
Other Revenue
$258
Change in Net Assets
$-66,637

Audited Revenue Reconciliation

Revenue per Audited Statements
$187,141
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$187,141
Total Revenue per Form 990
$187,141
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,297
Salaries, Compensation, and Employee Benefits$12,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$71,273--$71,273
Fees for Services Management$30,282--$30,282
Occupancy$17,274--$17,274
Fees for Services Accounting-$12,467-$12,467
Other Salaries and Wages$10,500--$10,500
Insurance$8,778--$8,778
Office Expenses-$4,320-$4,320
Other Expenses$3,166$6,532-$3,166
All Other Expenses$1,499--$1,499
Other Employee Benefits$1,128--$1,128
Payroll Taxes$853--$853
Total Functional Expenses$230,459$23,319$0$253,778

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,778
Total Expenses per Form 990$253,778
Total Expenses per Audited Statements$251,217
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$-2,561
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
2021-06-29
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
1
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 RECOVERY 2,561.”

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 2020 and 2019. At december 31, 2020 and 2019, there are no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Bad debt recovery -2,561.”

Raw XML AppendixShowing 400 of 498 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/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0258
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0258
IRS990/OtherRevenueTotalAmt0258
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt010500
IRS990/OtherSalariesAndWagesGrp/TotalAmt010500
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0853
IRS990/PayrollTaxesGrp/TotalAmt0853
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04645
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02909
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/RelatedOrExemptFuncIncomeAmt0127491
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt158712
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2647
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0127491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt158712
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2647
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt040000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt048
IRS990/PYOtherExpensesAmt0216449
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0188687
IRS990/PYRevenuesLessExpensesAmt0-2072
IRS990/PYSalariesCompEmpBnftPaidAmt014358
IRS990/PYTotalExpensesAmt0230807
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0228735
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-66637
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0186850
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt040000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt040000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt033
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt048
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0103
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0531
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0186850
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0188687
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0171131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0180405
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0188551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0915624
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt033
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt048
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt082
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0265
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0103
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0531
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0258
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0258
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99940
IRS990ScheduleA/PublicSupportTotal509Amt0955624
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0186850
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0228687
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0171131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0180405
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0188551
IRS990ScheduleA/Total509Grp/TotalAmt0955624
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0187141
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0228735
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0171213
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0180670
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0188654
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0956413
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0934936
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0887494
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01822430
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132259
IRS990ScheduleD/EquipmentGrp/DepreciationAmt062648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0194907
IRS990ScheduleD/ExpensesNotReportedAmt0-2561
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0253778
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherExpensesIncludedAmt0-2561
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0187141
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 2020 AND 2019. AT DECEMBER 31, 2020 AND 2019, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BAD DEBT RECOVERY -2,561.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01067195
IRS990ScheduleD/TotalExpensesPerForm990Amt0253778
IRS990ScheduleD/TotalRevenuePerForm990Amt0187141
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0187141
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0251217
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 RECOVERY 2,561.
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/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NEW JERSEY CONNECT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CONSULTING FUNCTIONS AND PAYMENTS OF VARIOUS TAXES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 2052
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WESTFIELD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd0079012052
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,119,308
Liabilities
$52,370
Net assets
$1,066,938
Revenue
$187,141
Expenses
$253,778
Net income
-$66,637
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