Form 990, Part VI, Section A, Line 8B
“Committees of the board cannot act on behalf of the board.”
990 • Fiscal year 2023 • EIN 52-1976782
Scores are not available for this record yet.
Assets
Flat$1,823,522
Flat from 2023
Net Assets
Flat$1,791,840
Flat from 2023
Liabilities
Flat$31,682
Flat from 2023
Revenue
Flat$78,586
Flat from 2023
Expenses
Flat$151,042
Flat from 2023
Net Income
Flat-$72,456
Flat from 2023
The organization is engaged in the development and management of low income housing apartment units for qualifying tenants in paterson, new jersey.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,327,311 | $1,283,680 | ▼ $43,631 |
| Cash and Non-Interest-Bearing Accounts | $548,617 | $524,455 | ▼ $24,162 |
| Accounts Receivable | $2,525 | $4,223 | ▲ $1,698 |
| Prepaid Expenses and Deferred Charges | $1,070 | $2,161 | ▲ $1,091 |
| Total Assets | $1,888,523 | $1,823,522 | ▼ $65,001 |
| Other Assets Total | $9,000 | $9,003 | ▲ $3 |
| Liabilities | |||
| Other Liabilities | $17,044 | $23,286 | ▲ $6,242 |
| Accounts Payable and Accrued Expenses | $7,183 | $8,396 | ▲ $1,213 |
| Total Liabilities | $24,227 | $31,682 | ▲ $7,455 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,864,296 | $1,791,840 | ▼ $72,456 |
| Total Net Assets Fund Balance | $1,864,296 | $1,791,840 | ▼ $72,456 |
| Total Liabilities and Net Assets / Fund Balance | $1,888,523 | $1,823,522 | ▼ $65,001 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $1,283,680 | $461,576 | $1,745,256 |
| Equipment | $0 | $1,200 | $1,200 |
| Name | Title |
|---|---|
| Rev Dr Douglas Maven | President |
| Eugenia Burton | Vice President |
| Brenda Berkley | Trustee |
| Michael Campbell | Trustee |
| Peter Rendina | Trustee |
| Irma Gorham | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $151,042 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | $46,194 | - | - | $46,194 |
| Depreciation Depletion | $43,631 | - | - | $43,631 |
| Other Expenses | $19,933 | - | - | $19,933 |
| Occupancy | $14,291 | - | - | $14,291 |
| Fees for Services Management | - | $8,570 | - | $8,570 |
| Fees for Services Accounting | $7,350 | - | - | $7,350 |
| Insurance | $5,819 | $1,455 | - | $7,274 |
| Office Expenses | $2,910 | $727 | - | $3,637 |
| Fees for Services Legal | - | $162 | - | $162 |
| Total Functional Expenses | $140,128 | $10,914 | $0 | $151,042 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $151,042 |
| Total Expenses per Audited Statements | $151,042 |
| Total Expenses per Form 990 | $151,042 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Payment in Lieu of Taxes | $14,283 |
| Tenant Security Deposits | $8,966 |
| Security Deposit Interest | $37 |
“Committees of the board cannot act on behalf of the board.”
“Form 990 is provided to the governing board for review and approval before filing.”
“The organization's governing documents are available upon request by contacting management at the address shown.”
“Maintenance expenses: program service expenses 29,955. Management and general expenses 0. Fundraising expenses 0. Total expenses 29,955. Payment in lieu of taxes: program service expenses 6,239. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,239. Other tenant services: program service expenses 10,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,000.”
“The organization's oversight process or selection process has not changed during the tax year.”
“The return is amended to include peter rendina in part vii compensation of officers, directors, trustees, key employees, highest compensated employees and independent contractors”
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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| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | IRMA GORHAM |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | SECRETARY |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 0 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt | 0 | 200461 |
| IRS990ScheduleJ/SeverancePaymentInd | 0 | 0 |
| IRS990ScheduleJ/SupplementalNonqualRtrPlanInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | COMMITTEES OF THE BOARD CANNOT ACT ON BEHALF OF THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | FORM 990 IS PROVIDED TO THE GOVERNING BOARD FOR REVIEW AND APPROVAL BEFORE FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING MANAGEMENT AT THE ADDRESS SHOWN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | MAINTENANCE EXPENSES: PROGRAM SERVICE EXPENSES 29,955. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,955. PAYMENT IN LIEU OF TAXES: PROGRAM SERVICE EXPENSES 6,239. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,239. OTHER TENANT SERVICES: PROGRAM SERVICE EXPENSES 10,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION'S OVERSIGHT PROCESS OR SELECTION PROCESS HAS NOT CHANGED DURING THE TAX YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | THE RETURN IS AMENDED TO INCLUDE PETER RENDINA IN PART VII COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES AND INDEPENDENT CONTRACTORS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION A, LINE 8B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990 PART XII, LINE 2C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990 ITEM B |
| IRS990/SchoolOperatingInd | 0 | 0 |
| IRS990/SignificantChangeInd | 0 | 0 |
| IRS990/SignificantNewProgramSrvcInd | 0 | 0 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | NJ |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | 0 |
| IRS990/SubjectToProxyTaxInd | 0 | 0 |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | 0 |
| IRS990/TaxablePartyNotificationInd | 0 | 0 |
| IRS990/TaxExemptBondsInd | 0 | 0 |
| IRS990/TerminateOperationsInd | 0 | 0 |
| IRS990/TotalAssetsBOYAmt | 0 | 1888523 |
| IRS990/TotalAssetsEOYAmt | 0 | 1823522 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1888523 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1823522 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 1 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 10914 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 140128 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 151042 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 24227 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 31682 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 24227 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 31682 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1864296 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1791840 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 140128 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 78586 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 78586 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 78586 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotalVolunteersCnt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1888523 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1823522 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 200461 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 60 VAN HOUTEN STREET |
| IRS990/USAddress/CityNm | 0 | PATERSON |
| IRS990/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990/USAddress/ZIPCd | 0 | 07505 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 8 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | IRMA GORHAM |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9736848248 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-08-08 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PATERSON DEVELOPMENT & MANAGEMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PATE |
| ReturnHeader/Filer/EIN | 0 | 521976782 |
| ReturnHeader/Filer/PhoneNum | 0 | 9736848248 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 60 VAN HOUTEN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PATERSON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07505 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 943108253 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NOVOGRADAC & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1144 HOOPER AVENUE SUITE 203 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | TOMS RIVER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 08753 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7325034257 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RICHARD M LARSEN |
| ReturnHeader/ReturnTs | 0 | 2023-08-08T10:27:38-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | IRMA |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GORHAM |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-04-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-03-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
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Displayed year
2023 • Form 990Detailed filing. Detailed filing data is available for this year.
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