BETA

ROCKLAND FOUNDATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ROCKLAND FOUNDATION (EIN 13-7076137)
Tax period
2020-04-01 to 2021-03-31
Filed
2022-02-13
IRS object ID
202210449349300616
Schema version
2020v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-13T21:18:34-06:00ReturnTs
Tax Period End2021-03-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811564922PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1STEIF CPA PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1342 BLAUVELT ROADAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-04-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137076137EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROCKLAND FOUNDATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlROCKBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 ELYON ROADAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHAIM WEISSPersonNm
Person TitleTRUSTEEPersonTitleTxt
Signature2022-02-14SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstCHAIMPersonFirstNm
Person LastWEISSPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJONATHAN STEIFPreparerPersonNm
PTINP00182405PTIN
Phone8453230994PhoneNum
Preparation2022-02-13PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHAIM WEISSPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 ELYON RDAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$276,360GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization TrustYes (X)TypeOfOrganizationTrustInd
Formation1996FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO PROVIDE AFFORDABLE HOUSING TO LOW INCOME PERSONS AND CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS THAT CONDUCT ACTIVITIES WITHIN THE MEANING OF OUR EXEMPT PURPOSEActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$80,615PYContributionsGrantsAmt
CY Contributions Grants$96,504CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$20,979PYInvestmentIncomeAmt
CY Investment Income$7,987CYInvestmentIncomeAmt
PY Other Revenue-$11,055PYOtherRevenueAmt
CY Other Revenue$12,647CYOtherRevenueAmt
PY Total Revenue$90,539PYTotalRevenueAmt
CY Total Revenue$117,138CYTotalRevenueAmt
PY Grants And Similar Paid$35,669PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$139,420CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,000PYOtherExpensesAmt
CY Other Expenses$2,000CYOtherExpensesAmt
PY Total Expenses$37,669PYTotalExpensesAmt
CY Total Expenses$141,420CYTotalExpensesAmt
PY Revenues Less Expenses$52,870PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$24,282CYRevenuesLessExpensesAmt
Total Assets BOY$3,820,046TotalAssetsBOYAmt
Total Assets EOY$3,795,764TotalAssetsEOYAmt
Total Liabilities BOY$954,822TotalLiabilitiesBOYAmt
Total Liabilities EOY$954,822TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,865,224NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,840,942NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTO PROVIDE AFFORDABLE HOUSING TO LOW INCOME PERSONS AND CONTRIBUTIONS TO OTHER CHARITABLE ORGANIZATIONS THAT CONDUCT ACTIVITIES WITHIN THE MEANING OF OUR EXEMPT PURPOSEMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
DescTO PROVIDE FINANCIAL SUPPORT TO WORTHY JEWISH INSTITUTIONS ADHERING TO THE TENETS OF TRADITIONAL ORTHODOX JUDAISM. TO PROVIDE FINANCIAL SUPPORT TO NEEDY INDIVIDUALS INCLUDING WIDOWS ORPHANS, AND OTHER WORTHY CHARITABLE CAUSES, IN A MANNER CONSISTENT WITH REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$139,420ExpenseAmt
Grant$139,420GrantAmt
DescTO PROVIDE FINANCIAL SUPPORT TO WORTHY JEWISH INSTITUTIONS ADHERING TO THE TENETS OF TRADITIONAL ORTHODOX JUDAISM. TO PROVIDE FINANCIAL SUPPORT TO NEEDY INDIVIDUALS INCLUDING WIDOWS ORPHANS, AND OTHER WORTHY CHARITABLE CAUSES, IN A MANNER CONSISTENT WITH REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$139,420TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$139,420TotalOtherProgSrvcGrantAmt
Total Program Service Expenses$139,420TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonCHAIM WEISSPersonNm
Phone8453563181PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line110 ELYON ROADAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHAIM WEISS
TRUSTEE1.00Yes (X)$0$0$0
SHEA GOLDENBERG
TRUSTEE1.00Yes (X)$0$0$0
MENACHEM HALPERIN
TRUSTEE1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$96,504AllOtherContributionsAmt
Total Contributions$96,504TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,987TotalRevenueColumnAmt
Exclusion$7,987ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Personal$171,869PersonalAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Personal$159,222PersonalAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Personal$12,647PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,647TotalRevenueColumnAmt
Exclusion$12,647ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$117,138TotalRevenueColumnAmt
Exclusion$20,634ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$139,420TotalAmt
Program Services$139,420ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,000TotalAmt
Management And General$2,000ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$141,420TotalAmt
Program Services$139,420ProgramServicesAmt
Management And General$2,000ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$184,887BOYAmt
EOY$510,390EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,323,953BOYAmt
EOY$1,160,157EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$267,500BOYAmt
EOY$175,000EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,621,961LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$671,744LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,043,706BOYAmt
EOY$1,950,217EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,820,046BOYAmt
EOY$3,795,764EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$954,822BOYAmt
EOY$954,822EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$954,822BOYAmt
EOY$954,822EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$2,865,224BOYAmt
EOY$2,840,942EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,865,224BOYAmt
EOY$2,840,942EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,820,046BOYAmt
EOY$3,795,764EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$24,282ReconcilationRevenueExpnssAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,413CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$65,424CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$73,588CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$80,615CurrentTaxYearMinus1YearAmt
Current Tax Year$96,504CurrentTaxYearAmt
Total$351,544TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$35,413CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$65,424CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$73,588CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$80,615CurrentTaxYearMinus1YearAmt
Current Tax Year$96,504CurrentTaxYearAmt
Total$351,544TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$351,544PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$188,625CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$213,778CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$223,541CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$193,739CurrentTaxYearMinus1YearAmt
Current Tax Year$179,856CurrentTaxYearAmt
Total$999,539TotalAmt
FieldValueIRS element (for citing)
Total Support$1,351,083TotalSupportAmt
Public Support CY1700.26020PublicSupportCY170Pct
Public Support PY1700.20820PublicSupportPY170Pct
Ten Pct Facts Crcmstncs Test CYYes (X)TenPctFactsCrcmstncsTestCYInd
Facts And Circumstances TestEXPLANATION FOR CLASSIFYING THIS ORGANIZATION AS A PUBLICLY SUPPORTED ORGANIZATION ALTHOUGH IT DOES NOT MEET THE 33.33% TEST: TREASURY REGULATIONS SECTION 1.170A-9 (F)(3) PROVIDES THAT IF AN ORGANIZATION IS IN THE NATURE OF ONE THAT IS PUBLICLY SUPPORTED TAKING INTO ACCOUNT ALL PERTINENT FACTS AND IN ADDITION IT HAS AT LEAST TEN PERCENT PUBLIC SUPPORT (10% TEST) AND IS ORGANIZED AND OPERATED AS TO ATTRACT PUBLIC SUPPORT ON A CONTINUOUS BASIS THEN IT WOULD QUALIFY AS A PUBLICLY SUPPORTER ORGANIZATION. IN THE INSTANT CASE THIS ORGANIZATION IS BELIEVED TO MEET THE 10% TEST AND IS CLEARLY ORGANIZED TO ATTRACT CONTINUOUS PUBLIC SUPPORT. ITS PRINCIPAL PURPOSE IS AIMED AT SELLING AND RENTING PROPERTY TO LOW INCOME PERSONS AT BELOW MARKET VALUE. TO THAT END IT HAS SOLD MANY CONDOMINIUMS TO LOW INCOME PERSONS AT WELL BELOW MARKET VALUE. IT ALSO CONTINUES TO RENT HOUSING UNITS TO MEMBERS OF THE PUBLIC THAT HAVE LOW INCOME WITH THE RENT PAID BY THEM BEING WELL BELOW MARKET VALUE. IN ADDITION, WHATEVER INCOME IT EARNS THAT IS IN EXCESS OF ITS EXPENSES IS CONTRIBUTED BY IT TO PUBLIC CHARITIES THAT SERVE THE PUBLIC. ACCORDINGLY, IT IS SUBMITTED THAT THIS ORGANIZATION QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION.FactsAndCircumstancesTestTxt

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART II, LINE 17AEXPLANATION FOR CLASSIFYING THIS ORGANIZATION AS A PUBLICLY SUPPORTED ORGANIZATION ALTHOUGH IT DOES NOT MEET THE 33.33% TEST: TREASURY REGULATIONS SECTION 1.170A-9 (F)(3) PROVIDES THAT IF AN ORGANIZATION IS IN THE NATURE OF ONE THAT IS PUBLICLY SUPPORTED TAKING INTO ACCOUNT ALL PERTINENT FACTS AND IN ADDITION IT HAS AT LEAST TEN PERCENT PUBLIC SUPPORT (10% TEST) AND IS ORGANIZED AND OPERATED AS TO ATTRACT PUBLIC SUPPORT ON A CONTINUOUS BASIS THEN IT WOULD QUALIFY AS A PUBLICLY SUPPORTER ORGANIZATION. IN THE INSTANT CASE THIS ORGANIZATION IS BELIEVED TO MEET THE 10% TEST AND IS CLEARLY ORGANIZED TO ATTRACT CONTINUOUS PUBLIC SUPPORT. ITS PRINCIPAL PURPOSE IS AIMED AT SELLING AND RENTING PROPERTY TO LOW INCOME PERSONS AT BELOW MARKET VALUE. TO THAT END IT HAS SOLD MANY CONDOMINIUMS TO LOW INCOME PERSONS AT WELL BELOW MARKET VALUE. IT ALSO CONTINUES TO RENT HOUSING UNITS TO MEMBERS OF THE PUBLIC THAT HAVE LOW INCOME WITH THE RENT PAID BY THEM BEING WELL BELOW MARKET VALUE. IN ADDITION, WHATEVER INCOME IT EARNS THAT IS IN EXCESS OF ITS EXPENSES IS CONTRIBUTED BY IT TO PUBLIC CHARITIES THAT SERVE THE PUBLIC. ACCORDINGLY, IT IS SUBMITTED THAT THIS ORGANIZATION QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION.
PART II, LINE 17BEXPLANATION FOR CLASSIFYING THIS ORGANIZATION AS A PUBLICLY SUPPORTED ORGANIZATION ALTHOUGH IT DOES NOT MEET THE 33.33% TEST: TREASURY REGULATIONS SECTION 1.170A-9 (F)(3) PROVIDES THAT IF AN ORGANIZATION IS IN THE NATURE OF ONE THAT IS PUBLICLY SUPPORTED TAKING INTO ACCOUNT ALL PERTINENT FACTS AND IN ADDITION IT HAS AT LEAST TEN PERCENT PUBLIC SUPPORT (10% TEST) AND IS ORGANIZED AND OPERATED AS TO ATTRACT PUBLIC SUPPORT ON A CONTINUOUS BASIS THEN IT WOULD QUALIFY AS A PUBLICLY SUPPORTER ORGANIZATION. IN THE INSTANT CASE THIS ORGANIZATION IS BELIEVED TO MEET THE 10% TEST AND IS CLEARLY ORGANIZED TO ATTRACT CONTINUOUS PUBLIC SUPPORT. ITS PRINCIPAL PURPOSE IS AIMED AT SELLING AND RENTING PROPERTY TO LOW INCOME PERSONS AT BELOW MARKET VALUE. TO THAT END IT HAS SOLD MANY CONDOMINIUMS TO LOW INCOME PERSONS AT WELL BELOW MARKET VALUE. IT ALSO CONTINUES TO RENT HOUSING UNITS TO MEMBERS OF THE PUBLIC THAT HAVE LOW INCOME WITH THE RENT PAID BY THEM BEING WELL BELOW MARKET VALUE. IN ADDITION, WHATEVER INCOME IT EARNS THAT IS IN EXCESS OF ITS EXPENSES IS CONTRIBUTED BY IT TO PUBLIC CHARITIES THAT SERVE THE PUBLIC. ACCORDINGLY, IT IS SUBMITTED THAT THIS ORGANIZATION QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION.

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$51,000OtherCostOrOtherBasisAmt
Book Value$51,000BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,570,961OtherCostOrOtherBasisAmt
Depreciation$671,744DepreciationAmt
Book Value$1,899,217BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,950,217TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLOANSDesc
Amt$954,822Amt
FieldValueIRS element (for citing)
Total Liability$954,822TotalLiabilityAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedfalseGrantRecordsMaintainedInd

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmt
KOLLOEL INTERNATIONAL
212 CENTRAL AVELAKEWOODNJ08701223511752$40,000
SLABOTKA YESHIVA
5722 15TH AVEBROOLYNNY11219135600406$18,000
MIKDASH MELECH
110 WESTLAKE CTJACKSONNJ08527862480790$18,000
CHASIDEI SQUARE
16 LINCOLN AVESPRING VALLEYNY10977822757952$10,000
YESHIVA KOLLEL
1839 NEW CENTRAL AVELAKEWOODNJ08701$10,000
CONGREGATION BETH DAVID
22 WEST MAPLE AVEMONSEYNY10952132754317$10,000

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PAGE 2, PART III, LINE 4DTO PROVIDE FINANCIAL SUPPORT TO WORTHY JEWISH INSTITUTIONS ADHERING TO THE TENETS OF TRADITIONAL ORTHODOX JUDAISM. TO PROVIDE FINANCIAL SUPPORT TO NEEDY INDIVIDUALS INCLUDING WIDOWS ORPHANS, AND OTHER WORTHY CHARITABLE CAUSES, IN A MANNER CONSISTENT WITH REQUIREMENTS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
FORM 990, PAGE 6, PART VI, LINE 11BTHE ORGANIZATION DOES NOT HAVE A FORMAL PROCESS TO REVIEW THIS FORM 990.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, UPON REQUEST.

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