2021-05-03T13:39:23-05:00 2020-12-31 222978848 BEDERSON LLP 100 PASSAIC AVENUE - SUITE 310 FAIRFIELD NJ 07004 990 2020-01-01 237269706 BLOOMFIELD SENIOR CITIZENS HOUSING FELICITY TOWERS BLOO 9737432300 100 LLEWELYN AVENUE BLOOMFIELD NJ 07003 ALAN LAQUAGLIA PRESIDENT 9737432300 2021-05-03 1 ALAN LAQUAGLIA 999009999 MARK A MAZZA P00185076 9737363333 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALAN LAQUAGLIA 100 LLEWELYN AVENUE BLOOMFIELD NJ 07003 2097407 0 X N/A X 1968 NJ 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. 8 8 4 0 0 0 1078534 1165907 928171 907175 6457 7961 19049 16364 2032211 2097407 0 0 0 0 290842 309095 0 0 0 1408061 1420122 1698903 1729217 333308 368190 5134801 5394438 4446486 4337933 688315 1056505 X 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. 0 0 1620446 923539 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. 1620446 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 1 1 1 0 NJ X X CO RP MARZULLI COMPANY 9737432300 264 BELLEVILLE AVE BLOOMFIELD NJ 07003 GREGG BURNETT TRUSTEE 1.00 X 0 0 0 ALAN LAQUAGLIA PRESIDENT 1.00 X X 0 0 0 DEBBIE AGENS SECRETARY 1.00 X X 0 0 0 FRED MENZIL TRUSTEE 1.00 X 0 0 0 TOM PELAIA TRUSTEE 1.00 X 0 0 0 DANNY BITECOLA TRUSTEE 1.00 X 0 0 0 CELESTE GAGLIARDI TRUSTEE 1.00 X 0 0 0 RP MARZULLI CO INC MANAGING AGENT 40.00 X 75516 0 0 75516 0 0 0 0 0 0 0 1165907 211291 1165907 APARTMENT RENT 531110 824742 824742 COMMERCIAL RENTS 531110 59382 59382 GARAGE & PARKING RENT 531110 12555 12555 LAUNDRY 531110 9134 9134 TENANT CHARGES 531110 1362 1362 907175 7961 7961 MISCELLANEOUS 900099 16364 16364 16364 2097407 923539 0 7961 75516 75516 190083 190083 29356 29356 14140 14140 33255 33255 7975 7975 149224 149224 190485 190485 90370 90370 UTILITIES 268137 268137 REAL ESTATE TAXES 236190 236190 MAINTENANCE CONTRACTS 194968 194968 MAINTENANCE AND REPAIRS 177850 177850 71668 71668 1729217 1620446 108771 0 873919 1119288 47673 68482 454645 430697 7844903 5122835 2778836 2722068 979728 1053903 5134801 5394438 263601 310716 3496 96123 4091550 3842796 87839 88298 4446486 4337933 X 0 0 0 0 688315 1056505 688315 1056505 5134801 5394438 368190 0 X X 0 1 X 1 1 1 X 893040 1038423 1096743 1078534 1165907 5272647 893040 1038423 1096743 1078534 1165907 5272647 5272647 1207 776 1558 6457 7961 17959 5290606 0.99660 0.99780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87139 87139 5541936 4217238 1324698 2215828 905597 1310231 2722068 RESTRICTED DEPOSITS & FUNDED RESERVE 1053903 1053903 TENANTS SECUITY DEPOSITS 88298 88298 X 2097407 0 2097407 0 2097407 1729217 0 1729217 0 1729217 PART X, LINE 2: 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. X INTEREST RATE REDUCTION 1 211291 FAIR MARKET VALUE 0 1 0 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.