Civic Intelligence

Paterson Development & Management Corporation

990 • Fiscal year 2017 • EIN 52-1976782

Apr 01, 2016 to Mar 31, 2017 • Filed on Jun 28, 2017

Organization ProfileN/A
60 Van Houten StreetPaterson, NJ 07505

(973) 684-8248

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,952,197

Up $46,395 (+2.4%) from 2016

Net Assets

Up

$1,928,985

Up $47,699 (+2.5%) from 2016

Liabilities

Down

$23,212

Down $1,304 (-5.3%) from 2016

Revenue And Expenses

Revenue

Up

$138,746

Up $22,267 (+19%) from 2016

Expenses

Down

$91,047

Down $13,178 (-13%) from 2016

Net Income

Up

$47,699

Up $35,445 (+289%) from 2016

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $62,654Liabilities 2010: $02010Assets 2011: $767,269Liabilities 2011: $229,369Net Assets 2011: $537,9002011Assets 2012: $1,440,276Liabilities 2012: $306,163Net Assets 2012: $1,134,1132012Assets 2013: $2,052,134Liabilities 2013: $339,530Net Assets 2013: $1,712,6042013Assets 2014: $1,920,082Liabilities 2014: $89,139Net Assets 2014: $1,830,9432014Assets 2015: $1,894,527Liabilities 2015: $25,495Net Assets 2015: $1,869,0322015Assets 2016: $1,905,802Liabilities 2016: $24,516Net Assets 2016: $1,881,2862016Assets 2017: $1,952,197Liabilities 2017: $23,212Net Assets 2017: $1,928,9852017Assets 2018: $1,960,195Liabilities 2018: $26,950Net Assets 2018: $1,933,2452018Assets 2019: $1,915,002Liabilities 2019: $22,464Net Assets 2019: $1,892,5382019Assets 2020: $1,923,901Liabilities 2020: $26,484Net Assets 2020: $1,897,4172020Assets 2021: $1,901,646Liabilities 2021: $23,840Net Assets 2021: $1,877,8062021Assets 2022: $1,888,523Liabilities 2022: $24,227Net Assets 2022: $1,864,2962022Assets 2023: $1,823,522Liabilities 2023: $31,682Net Assets 2023: $1,791,8402023Assets 2024: $1,770,174Liabilities 2024: $29,525Net Assets 2024: $1,740,6492024Assets 2025: $1,698,300Liabilities 2025: $27,614Net Assets 2025: $1,670,6862025

Highlighted filing

2017

Assets$1,952,197
Liabilities$23,212
Net Assets$1,928,985
Open 2017 Filing

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2010: $63,900Expenses 2010: $1,476Net Income 2010: $62,4242010Revenue 2011: $490,467Expenses 2011: $15,221Net Income 2011: $475,2462011Revenue 2012: $603,854Expenses 2012: $8,326Net Income 2012: $595,5282012Expenses 2013: $206,9742013Revenue 2014: $233,612Expenses 2014: $115,273Net Income 2014: $118,3392014Revenue 2015: $131,773Expenses 2015: $93,684Net Income 2015: $38,0892015Revenue 2016: $116,479Expenses 2016: $104,225Net Income 2016: $12,2542016Revenue 2017: $138,746Expenses 2017: $91,047Net Income 2017: $47,6992017Revenue 2018: $107,625Expenses 2018: $103,365Net Income 2018: $4,2602018Revenue 2019: $96,837Expenses 2019: $137,544Net Income 2019: -$40,7072019Revenue 2020: $121,538Expenses 2020: $116,659Net Income 2020: $4,8792020Revenue 2021: $99,035Expenses 2021: $118,646Net Income 2021: -$19,6112021Revenue 2022: $87,968Expenses 2022: $101,478Net Income 2022: -$13,5102022Revenue 2023: $78,586Expenses 2023: $151,042Net Income 2023: -$72,4562023Revenue 2024: $93,407Expenses 2024: $144,598Net Income 2024: -$51,1912024Revenue 2025: $80,078Expenses 2025: $150,041Net Income 2025: -$69,9632025

Highlighted filing

2017

Revenue$138,746
Expenses$91,047
Net Income$47,699
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Jun 28, 2017
Return Version
2016v3.0
Gross Receipts
$138,746
Mission and Program Overview

Mission

The organization is engaged in the development and management of low income housing apartment units for qualifying tenants in paterson, new jersey.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,570,736$1,537,019▼ $33,717
Cash and Non-Interest-Bearing Accounts$334,673$411,733▲ $77,060
Accounts Receivable$208$3,380▲ $3,172
Prepaid Expenses and Deferred Charges$185$65▼ $120
Total Assets$1,905,802$1,952,197▲ $46,395
Liabilities
Other Liabilities$17,986$15,966▼ $2,020
Accounts Payable and Accrued Expenses$6,530$7,246▲ $716
Total Liabilities$24,516$23,212▼ $1,304
Net Assets / Fund Balance
Unrestricted Net Assets$1,881,286$1,928,985▲ $47,699
Total Net Assets Fund Balance$1,881,286$1,928,985▲ $47,699
Total Liabilities and Net Assets / Fund Balance$1,905,802$1,952,197▲ $46,395

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,536,119$200,637$1,736,756
Equipment$900$300$1,200
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rev Dr Douglas MavenPresident
Eugenia BurtonVice President
Brenda BerkleyTrustee
Christine MillerTrustee
Cidron MadsenTrustee
Michael CampbellTrustee
Peter RendinaTrustee
Irma GorhamSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$138,746
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$47,699

Audited Revenue Reconciliation

Revenue per Audited Statements
$138,746
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$138,746
Total Revenue per Form 990
$138,746
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$91,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$44,077--$44,077
Fees for Services Other$24,342--$24,342
Fees for Services Management$7,309$1,882-$9,191
Fees for Services Accounting-$5,950-$5,950
Insurance$5,809--$5,809
Office Expenses$1,301$325-$1,626
Fees for Services Legal-$52-$52
Total Functional Expenses$82,838$8,209$0$91,047

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$91,047
Total Expenses per Audited Statements$91,047
Total Expenses per Form 990$91,047
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-AffiliateProp. Mgmt FeeNo$7,309
-AffiliateAsset Mgmt FeeNo$1,080
-AffiliateBookkeeping FeeNo$802
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$8,538
Payment in Lieu of Taxes$7,428
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“Committees of the board cannot act on behalf of the board.”

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

“Form 990 is provided to the governing board for review and approval before filing.”

Form 990, Part VI, Section C, line 19

“The organization's governing documents are available upon request by contacting management at the address shown.”

Filing and Contact Details

Filer

Filer Name
Paterson Development
EIN
52-1976782
Phone
9736848248
Address
60 VAN HOUTEN STREET, PATERSON, NJ 07505

Signing Officer

Name
Irma Gorham
Title
Secretary
Phone
9733455080
Signed
2017-06-28

Organization Details

Principal Officer
Irma Gorham
Formed
1996
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
252 WASHINGTON STREET SUITE B, TOMS RIVER, NJ 08753
Preparer
Richard M Larsen
Phone
7325034257
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“UTILITIES: Program service expenses 4575. Management and general expenses 0. Fundraising expenses 0. Total expenses 4575. MAINTENANCE AND REPAIRS: Program service expenses 7339. Management and general expenses 0. Fundraising expenses 0. Total expenses 7339. PAYMENT IN LIEU OF TAXES: Program service expenses 12428. Management and general expenses 0. Fundraising expenses 0. Total expenses 12428.”

Financial Statement Notes

Part X, Line 2:

“The organization is a not-for-profit corporation exempt from income taxes under section 501(c)(3) of the internal revenue code (irc). As such, the organization is not taxed on income derived from its exempt functions. However, the organization is subject to tax on unrelated business income, which is generated from the organization's investment income and other activities not related to their stated exempt purpose. The organization had no significant deferred income tax assets or liabilities as of march 31, 2017 and 2016. The organization has evaluated its tax positions for all open tax years. Currently, the tax years open and subject to examination by the internal revenue service are 2013, 2014, and 2015 tax years. However, the organization is not currently under audit nor has the organization been contacted by any jurisdiction. Based on the evaluation of the organization's tax positions, management believes all tax positions taken would be upheld under examination. Therefore, no provision for the effects of uncertain tax positions have been recorded for the fiscal years ended march 31, 2017 and 2016.”

Raw XML AppendixShowing 400 of 408 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/BOYAmt06530
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07246
IRS990/AccountsReceivableGrp/BOYAmt0208
IRS990/AccountsReceivableGrp/EOYAmt03380
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE ORGANIZATION IS ENGAGED IN THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING APARTMENT UNITS FOR QUALIFYING TENANTS IN PATERSON, NEW JERSEY.
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0PATERSON HOUSING AUTHORITY
IRS990/BooksInCareOfDetail/PhoneNum09736848248
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt060 VAN HOUTEN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0PATERSON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NJ
IRS990/BooksInCareOfDetail/USAddress/ZIPCd007505
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0334673
IRS990/CashNonInterestBearingGrp/EOYAmt0411733
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt091047
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0138746
IRS990/CYRevenuesLessExpensesAmt047699
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt091047
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0138746
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt044077
IRS990/DepreciationDepletionGrp/TotalAmt044077
IRS990/Desc0TO DEVELOP AND MANAGE LOW INCOME HOUSING RENTAL APARTMENTS UNDER GOVERNMENT SUBSIDIZED PROGRAMS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt082838
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05950
IRS990/FeesForServicesAccountingGrp/TotalAmt05950
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt052
IRS990/FeesForServicesLegalGrp/TotalAmt052
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt01882
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt07309
IRS990/FeesForServicesManagementGrp/TotalAmt09191
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt024342
IRS990/FeesForServicesOtherGrp/TotalAmt024342
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt042.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
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/OtherCompensationAmt712529
IRS990/Form990PartVIISectionAGrp/PersonNm0EUGENIA BURTON
IRS990/Form990PartVIISectionAGrp/PersonNm1BRENDA BERKLEY
IRS990/Form990PartVIISectionAGrp/PersonNm2REV DR DOUGLAS MAVEN
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm4CIDRON MADSEN
IRS990/Form990PartVIISectionAGrp/PersonNm5CHRISTINE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm6PETER RENDINA
IRS990/Form990PartVIISectionAGrp/PersonNm7IRMA GORHAM
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt7168551
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0138746
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt05809
IRS990/InsuranceGrp/TotalAmt05809
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0200937
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01570736
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01537019
IRS990/LandBldgEquipCostOrOtherBssAmt01737956
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION IS ENGAGED IN THE DEVELOPMENT AND MANAGEMENT OF LOW INCOME HOUSING APARTMENT UNITS FOR QUALIFYING TENANTS IN PATERSON, NEW JERSEY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01881286
IRS990/NetAssetsOrFundBalancesEOYAmt01928985
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0325
IRS990/OfficeExpensesGrp/ProgramServicesAmt01301
IRS990/OfficeExpensesGrp/TotalAmt01626
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt017986
IRS990/OtherLiabilitiesGrp/EOYAmt015966
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0185
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt065
IRS990/PrincipalOfficerNm0IRMA GORHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01061
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0137685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0137685
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11061
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0104225
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0116479
IRS990/PYRevenuesLessExpensesAmt012254
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0104225
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0116479
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt047699
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0137685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt024956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0700454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0725410
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.70890
IRS990ScheduleA/PublicSupportPY170Pct00.81710
IRS990ScheduleA/PublicSupportTotal170Amt0725410
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt024956
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0700454
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0725410
IRS990ScheduleA/TotalSupportAmt01023218
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt01061
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt079
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt03000
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt0208656
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt085012
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0297808
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01536119
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0200637
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01736756
IRS990ScheduleD/EquipmentGrp/BookValueAmt0900
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01200
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt091047
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07428
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18538
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYMENT IN LIEU OF TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0138746
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). AS SUCH, THE ORGANIZATION IS NOT TAXED ON INCOME DERIVED FROM ITS EXEMPT FUNCTIONS. HOWEVER, THE ORGANIZATION IS SUBJECT TO TAX ON UNRELATED BUSINESS INCOME, WHICH IS GENERATED FROM THE ORGANIZATION'S INVESTMENT INCOME AND OTHER ACTIVITIES NOT RELATED TO THEIR STATED EXEMPT PURPOSE. THE ORGANIZATION HAD NO SIGNIFICANT DEFERRED INCOME TAX ASSETS OR LIABILITIES AS OF MARCH 31, 2017 AND 2016. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. CURRENTLY, THE TAX YEARS OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ARE 2013, 2014, AND 2015 TAX YEARS. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY JURISDICTION. BASED ON THE EVALUATION OF THE ORGANIZATION'S TAX POSITIONS, MANAGEMENT BELIEVES ALL TAX POSITIONS TAKEN WOULD BE UPHELD UNDER EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE FISCAL YEARS ENDED MARCH 31, 2017 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01537019
IRS990ScheduleD/TotalExpensesPerForm990Amt091047
IRS990ScheduleD/TotalLiabilityAmt015966
IRS990ScheduleD/TotalRevenuePerForm990Amt0138746
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0138746
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt091047
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0168551
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt012529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0IRMA GORHAM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0181080
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0PATERSON HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1PATERSON HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2PATERSON HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0AFFILIATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1AFFILIATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2AFFILIATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt07309
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1802
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt21080
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0PROP. MGMT FEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1BOOKKEEPING FEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc2ASSET MGMT FEE
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COMMITTEES OF THE BOARD CANNOT ACT ON BEHALF OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE GOVERNING BOARD FOR REVIEW AND APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST BY CONTACTING MANAGEMENT AT THE ADDRESS SHOWN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UTILITIES: Program service expenses 4575. Management and general expenses 0. Fundraising expenses 0. Total expenses 4575. MAINTENANCE AND REPAIRS: Program service expenses 7339. Management and general expenses 0. Fundraising expenses 0. Total expenses 7339. PAYMENT IN LIEU OF TAXES: Program service expenses 12428. Management and general expenses 0. Fundraising expenses 0. Total expenses 12428.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01905802
IRS990/TotalAssetsEOYAmt01952197
IRS990/TotalAssetsGrp/BOYAmt01905802
IRS990/TotalAssetsGrp/EOYAmt01952197
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08209
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082838
IRS990/TotalFunctionalExpensesGrp/TotalAmt091047
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt024516
IRS990/TotalLiabilitiesEOYAmt023212
IRS990/TotalLiabilitiesGrp/BOYAmt024516
IRS990/TotalLiabilitiesGrp/EOYAmt023212
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01881286
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01928985
IRS990/TotalOtherCompensationAmt012529
IRS990/TotalProgramServiceExpensesAmt082838
IRS990/TotalProgramServiceRevenueAmt0138746
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01061
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0137685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0138746
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01905802
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01952197
IRS990/TotReportableCompRltdOrgAmt0168551
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01881286
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01928985
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt060 VAN HOUTEN STREET
IRS990/USAddress/CityNm0PATERSON
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007505
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0IRMA GORHAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09733455080
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PATERSON DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0& MANAGEMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PATE
ReturnHeader/Filer/EIN0521976782
ReturnHeader/Filer/PhoneNum09736848248
ReturnHeader/Filer/USAddress/AddressLine1Txt060 VAN HOUTEN STREET
ReturnHeader/Filer/USAddress/CityNm0PATERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007505
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0685EFE6B18A3372FF080CCCA0D8B9985419FB3C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FE079F619A199E0606FFB0E3090A83181901C9F3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0148.77.52.146
ReturnHeader/FilingSecurityInformation/IPDt02017-06-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm013:12:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0943108253
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NOVOGRADAC & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0252 WASHINGTON STREET SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TOMS RIVER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,952,197
Liabilities
$23,212
Net assets
$1,928,985
Revenue
$138,746
Expenses
$91,047
Net income
$47,699
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.03$1.67$0.08$0.15$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.77$0.03$1.74$0.09$0.14$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$0.03$1.79$0.08$0.15$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.89$0.02$1.86$0.09$0.10$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.02$1.88$0.10$0.12$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.03$1.90$0.12$0.12$0.00
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.02$1.89$0.10$0.14$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.03$1.93$0.11$0.10$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.95$0.02$1.93$0.14$0.09$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.91$0.02$1.88$0.12$0.10$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.03$1.87$0.13$0.09$0.04
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.09$1.83$0.23$0.12$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.05$0.34$1.71$0.21
2012Summary only. Only limited summary data is available for this year.$1.44$0.31$1.13$0.60$0.01$0.60
2011Summary only. Only limited summary data is available for this year.$0.77$0.23$0.54$0.49$0.02$0.48
2010Summary only. Only limited summary data is available for this year.$0.06$0.00$0.06$0.00$0.06