BLOOMFIELD SENIOR CITIZENS HOUSING CORP FELICITY TOWERS: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: BLOOMFIELD SENIOR CITIZENS HOUSING CORP FELICITY TOWERS (EIN 23-7269706)
Tax period: 2022-01-01 to 2022-12-31
Filed: 2023-10-11
IRS object ID: 202332849349300218
Schema version: 2022v5.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-10-11T08:40:10-05:00	ReturnTs
Tax Period End	2022-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	222978848	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	BEDERSON LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	100 PASSAIC AVENUE - SUITE 310	AddressLine1Txt
City	FAIRFIELD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07004	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	237269706	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BLOOMFIELD SENIOR CITIZENS HOUSING	BusinessNameLine1Txt
Business Name Line2	FELICITY TOWERS	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	BLOO	BusinessNameControlTxt
Phone	9737432300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 LLEWELYN AVENUE	AddressLine1Txt
City	BLOOMFIELD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07003	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	ALAN LAQUAGLIA	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	9737432300	PhoneNum
Signature	2023-09-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	ALAN	PersonFirstNm
Person Last	LAQUAGLIA	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MARK A MAZZA	PreparerPersonNm
PTIN	P00185076	PTIN
Phone	9737363333	PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	2	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	ALAN LAQUAGLIA	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 LLEWELYN AVENUE	AddressLine1Txt
City	BLOOMFIELD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07003	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,197,733	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1968	FormationYr
Legal Domicile State	NJ	LegalDomicileStateCd
Activity Or Mission	THE ORGANIZATION OWNS A 148-UNIT APARTMENT BUILDING THAT IS SUBSIDIZED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE ELDERLY INDIVIDUALS WITH LOW AND MODERATE INCOME HOUSING AT AN AFFORDABLE RATE.THE CORPORATION CHARGES THE TENANT RENT AT A RATE NOT TO EXCEED 30% OF THEIR INCOME. THE BALANCE IS SUPPLIED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.	ActivityOrMissionDesc
Voting Members Governing Body	8	VotingMembersGoverningBodyCnt
Voting Members Independent	8	VotingMembersIndependentCnt
Total Employee	4	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$1,132,897	PYContributionsGrantsAmt
CY Contributions Grants	$1,254,926	CYContributionsGrantsAmt
PY Program Service Revenue	$902,930	PYProgramServiceRevenueAmt
CY Program Service Revenue	$916,839	CYProgramServiceRevenueAmt
PY Investment Income	$1,345	PYInvestmentIncomeAmt
CY Investment Income	$9,258	CYInvestmentIncomeAmt
PY Other Revenue	$18,634	PYOtherRevenueAmt
CY Other Revenue	$16,710	CYOtherRevenueAmt
PY Total Revenue	$2,055,806	PYTotalRevenueAmt
CY Total Revenue	$2,197,733	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$339,769	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$353,710	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,414,071	PYOtherExpensesAmt
CY Other Expenses	$1,659,472	CYOtherExpensesAmt
PY Total Expenses	$1,753,840	PYTotalExpensesAmt
CY Total Expenses	$2,013,182	CYTotalExpensesAmt
PY Revenues Less Expenses	$301,966	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$184,551	CYRevenuesLessExpensesAmt
Total Assets BOY	$5,442,698	TotalAssetsBOYAmt
Total Assets EOY	$5,418,766	TotalAssetsEOYAmt
Total Liabilities BOY	$4,084,227	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,875,744	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$1,358,471	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$1,543,022	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	THE ORGANIZATION OWNS A 148-UNIT APARTMENT BUILDING THAT IS SUBSIDIZED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE ELDERLY INDIVIDUALS WITH LOW AND MODERATE INCOME HOUSING AT AN AFFORDABLE RATE.THE CORPORATION CHARGES THE TENANT RENT AT A RATE NOT TO EXCEED 30% OF THEIR INCOME. THE BALANCE IS SUPPLIED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$1,901,316	ExpenseAmt
Revenue	$933,549	RevenueAmt
Desc	TO PROVIDE ELDERLY INDIVIDUALS WITH LOW TO MODERATE INCOME HOUSING AT AN AFFORDABLE RATE SUBSIDIZED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.	Desc
Total Program Service Expenses	$1,901,316	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	4	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	8	GoverningBodyVotingMembersCnt
Independent Voting Member	8	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	0	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	0	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NJ	StatesWhereCopyOfReturnIsFldCd
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	CO RP MARZULLI COMPANY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	9737432300	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	264 BELLEVILLE AVE	AddressLine1Txt
City	BLOOMFIELD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	07003	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	OfficerOfficerInd
GREGG BURNETT
TRUSTEE	1.00	Yes (X)	$0	$0	$0
ALAN LAQUAGLIA
PRESIDENT	1.00	Yes (X)	$0	$0	$0	Yes (X)
DEBBIE AGENS
SECRETARY	1.00	Yes (X)	$0	$0	$0	Yes (X)
FRED MENZIL
TRUSTEE	1.00	Yes (X)	$0	$0	$0
TOM PELAIA
TRUSTEE	1.00	Yes (X)	$0	$0	$0
DANNY BITECOLA
TRUSTEE	1.00	Yes (X)	$0	$0	$0
CELESTE GAGLIARDI
TRUSTEE	1.00	Yes (X)	$0	$0	$0
RP MARZULLI CO INC
MANAGING AGENT	40.00	Yes (X)	$75,516	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$75,516	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$1,254,926	GovernmentGrantsAmt
Noncash Contributions	$211,291	NoncashContributionsAmt
Total Contributions	$1,254,926	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
APARTMENT RENT	531110	$830,464	$830,464
COMMERCIAL RENTS	531110	$62,008	$62,008
GARAGE & PARKING RENT	531110	$13,230	$13,230
LAUNDRY	531110	$10,888	$10,888
TENANT CHARGES	531110	$249	$249

Field	Value	IRS element (for citing)
Total Program Service Revenue	$916,839	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,258	TotalRevenueColumnAmt
Exclusion	$9,258	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	MISCELLANEOUS	Desc
Business	900099	BusinessCd
Total Revenue Column	$16,710	TotalRevenueColumnAmt
Related Or Exempt Func Income	$16,710	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$16,710	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,197,733	TotalRevenueColumnAmt
Related Or Exempt Func Income	$933,549	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$9,258	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$75,516	TotalAmt
Management And General	$75,516	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$229,760	TotalAmt
Program Services	$229,760	ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$30,551	TotalAmt
Program Services	$30,551	ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$17,883	TotalAmt
Program Services	$17,883	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$2,363	TotalAmt
Program Services	$2,363	ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$36,350	TotalAmt
Management And General	$36,350	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$9,499	TotalAmt
Program Services	$9,499	ProgramServicesAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$131,375	TotalAmt
Program Services	$131,375	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$233,416	TotalAmt
Program Services	$233,416	ProgramServicesAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$127,012	TotalAmt
Program Services	$127,012	ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt
UTILITIES	$325,038	$325,038
MAINTENANCE CONTRACTS	$252,979	$252,979
REAL ESTATE TAXES	$239,829	$239,829
MAINTENANCE AND REPAIRS	$201,839	$201,839

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$99,772	TotalAmt
Program Services	$99,772	ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$2,013,182	TotalAmt
Program Services	$1,901,316	ProgramServicesAmt
Management And General	$111,866	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,216,270	BOYAmt
EOY	$1,164,450	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$69,435	BOYAmt
EOY	$47,362	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$441,752	BOYAmt
EOY	$416,370	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$8,273,592	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$5,565,986	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,784,991	BOYAmt
EOY	$2,707,606	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$930,250	BOYAmt
EOY	$1,082,978	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$5,442,698	BOYAmt
EOY	$5,418,766	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$303,849	BOYAmt
EOY	$370,760	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$95,935	BOYAmt
EOY	$76,148	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$3,585,297	BOYAmt
EOY	$3,318,747	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$99,146	BOYAmt
EOY	$110,089	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$4,084,227	BOYAmt
EOY	$3,875,744	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$1,358,471	BOYAmt
EOY	$1,543,022	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$1,358,471	BOYAmt
EOY	$1,543,022	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$5,442,698	BOYAmt
EOY	$5,418,766	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$184,551	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,096,743	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,078,534	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,165,907	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,132,897	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,254,926	CurrentTaxYearAmt
Total	$5,729,007	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,096,743	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,078,534	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,165,907	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,132,897	CurrentTaxYearMinus1YearAmt
Current Tax Year	$1,254,926	CurrentTaxYearAmt
Total	$5,729,007	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$5,729,007	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,558	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$6,457	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$7,961	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$1,345	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,258	CurrentTaxYearAmt
Total	$26,579	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$5,755,586	TotalSupportAmt
Public Support CY170	0.99540	PublicSupportCY170Pct
Public Support PY170	0.99670	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$87,139	OtherCostOrOtherBasisAmt
Book Value	$87,139	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,541,936	OtherCostOrOtherBasisAmt
Depreciation	$4,288,948	DepreciationAmt
Book Value	$1,252,988	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,644,517	OtherCostOrOtherBasisAmt
Depreciation	$1,277,038	DepreciationAmt
Book Value	$1,367,479	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,707,606	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	RESTRICTED DEPOSITS & FUNDED RESERVE	Desc
Book Value	$1,082,978	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$1,082,978	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	TENANTS SECUITY DEPOSITS	Desc
Amt	$110,089	Amt

Field	Value	IRS element (for citing)
Total Liability	$110,089	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,197,733	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$2,197,733	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,197,733	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,013,182	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$2,013,182	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$2,013,182	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART X, LINE 2:	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THEREFORE, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION ADOPTED GENERALLY ACCEPTABLE ACCOUNTING PRINCIPLES FOR RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE RELATING TO UNCERTAIN TAX POSITIONS, WHICH APPLIES TO BUSINESS ENTERPRISES, NOT-FOR-PROFIT ENTITIES, AND PASS-THROUGH ENTITIES, SUCH AS S CORPORATIONS AND LIMITED LIABILITY COMPANIES. THE ORGANIZATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF NEW JERSEY.	ExplanationTxt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	INTEREST RATE REDUCTION	Desc
Contribution	1	ContributionCnt
Noncash Contributions Rpt F990	$211,291	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FAIR MARKET VALUE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	Yes (1)	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	THE MANAGING AGENT'S DUTIES INCLUDE: MANAGING THE FACILITY, HIRING AND SUPERVISING EMPLOYEES OF THE BUILDING, COLLECTION OF RENTS, MAINTENANCE OF THE BUILDING AND GROUNDS, PREPARATION OF VOUCHERS FOR GRANT ASSISTANCE PAYMENTS, DISBURSEMENT OF CHECKS, COMPLETING TENANT LEASES AND RENEWALS AND TENANT CERTIFICATIONS AND RECERTIFICATIONS.
FORM 990, PART VI, SECTION B, LINE 11B	THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE SIGNING OFFICER PRIOR TO FILING THE RETURN
FORM 990, PART VI, SECTION B, LINE 15	THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS DETERMINED BY THE NEW JERSEY HOUSING MORTGAGE FINANCE AGENCY.
FORM 990, PART VI, SECTION C, LINE 18	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY ABD FINANCIAL STATEMENTS AVAILABLE UPON REQUEST
FORM 990, PART VI, SECTION C, LINE 19	THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE SIGNING OFFICER PRIOR TO FILING THE RETURN
FORM 990, PART XXII, LINE 2C	THE ORGANIZATION HAS ASSUMED RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR AND HAS NOT CHANGED ITS PROCESS FROM THE PRIOR YEARS.