2018-06-07T14:20:17-04:00 2017-12-31 823207560 BURNS DRAEGER & HUMPHRIES LLC 25 A HANOVER RD PO BOX 307 FLORHAM PARK NJ 079321410 990 2017-01-01 237311149 RIESE PROJECTS URBAN RENEWAL CORPOR FORMERLY THE RIESE PROJECTS INC RIES 9732799262 211 20TH AVENUE PATERSON NJ 07501 DEACON JOSEPH A PUSKAS TREASURER 0973279926 2018-05-11 NEIL E BURNS CPA P00133451 9733770211 2018-06-07 X 2017 2022-09-23 18:48:47Z MSGR HERBERT K TILLYER 777 VALLEY ROAD CLIFTON NJ 07013 2730947 false X N/A X 1971 NJ THE PROJECT IS A 201 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECT IS OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE NEW JERSEY HOUSING MORTGAGE AND FINANCE AGENCY (NJHMFA) AND THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. 8 8 6 0 0 2417577 2397603 8195 16651 281698 316693 2707470 2730947 0 0 269992 349020 0 0 1590172 1758052 1860164 2107072 847306 623875 8166326 10018562 3085421 4313782 5080905 5704780 TO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT. false false 2107072 2397603 TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS. 2107072 false false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 13 0 true 6 true false false false false false false false false false false false false X 8 8 false true false false false true true true true false false true true false false false false false true false X CORPORATION 9732799262 211 20TH AVENUE PATERSON NJ 07501 X MSGR HERBERT K TILLYER PRESIDENT 10.00 X X 0 0 0 DEACON JOSEPH A PUSKAS TREASURER 5.00 X X 0 0 0 JOSEPH DUFFY SECRETARY 1.00 X 0 0 0 ANDREW F MCBRIDE III ESQ DIRECTOR 1.00 X 0 0 0 DEACON PETER CISTARO DIRECTOR 1.00 X 0 0 0 RICHARD WARD JR DIRECTOR 1.00 X 0 0 0 THOMAS BURNS DIRECTOR 1.00 X 0 0 0 DENNIS P BUTLER DIRECTOR 1.00 X 0 0 0 false false false RAYMOND P MARZULLI COMPANY INC 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 BUILDING MANAGE 135196 1 RENT- SENIOR HOUSING PROJECT 2397603 2397603 2397603 16651 16651 SECTION 236 INTEREST REDUCTIO 296007 296007 LAUNDRY INCOME 11777 11777 MISCELLANEOUS REVENUE 6942 6942 1967 1967 316693 2730947 2730947 213113 213113 67554 67554 49912 49912 18441 18441 122996 122996 5758 5758 11180 11180 40672 40672 12200 12200 971064 971064 272571 272571 212324 212324 103302 103302 BAD DEBT EXPENSE 5985 5985 2107072 2107072 0 0 569541 562801 2524456 4200762 27548 17054 43710 54547 7781188 3115263 4819893 4665925 181178 517473 8166326 10018562 196205 213229 24534 34135 2770167 3981770 94515 84648 3085421 4313782 X 5080905 5704780 5080905 5704780 8166326 10018562 623875 X false true X false true true 81993 81993 6768238 2476675 4291563 930957 638588 292369 4665925 TENANT SECURITY DEPOSITS 84648 84648 X 2730947 2730947 2730947 2107072 2107072 2107072 SCHEDULE D, PAGE 3, PART X ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES THE PROJECT RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE PROJECT HAD NO UNCERTAIN TAX POSITIONS THAT REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE PROJECT IS NO LONGER SUBJECT TO EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2014. FORM 990, PAGE 6, PART VI, LINE 3 THE DAY TO DAY OPERATION OF THE PROJECTS IS CONTRACTED TO THE RAYMOND P. MARZULLI COMPANY,INC., A PROFESSIONAL REAL ESTATE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B DISTRIBUTIONS FROM THE REPAIRS AND REPLACEMENT RESERVE MUST BE APPROVED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AUTHORITY. FORM 990, PAGE 6, PART VI, LINE 11B THE PRESIDENT AND TREASURER RECEIVE A HARD COPY OF THE FORM 990 AND REVIEW T BEFORE IT IS FILED. THE FORM 990 IS THEN REVIEWED BY THE ENTIRE BOARD AT THE ANNUAL BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 15B MANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION. THE RIESE CORPORATION 211 20TH AVENUE PATERSON NJ 07501 221823795 LOW INCOME NJ 501C4 NA false THE RIESE ST GERARD HOUSING CORP 505 WEST BROADWAY PATERSON NJ 07522 232832510 LOW INCOME NJ 501C4 NA false RIESE MADISON PARK INC 70 DEY STREET PATERSON NJ 07503 222125691 LOW INCOME NJ 501C4 NA false THE RIESE ST MARY'S COPORATION 200 PENNINGTON AVENUE PASSAIC NJ 07055 222299252 LOW INCOME NJ 501C4 NA false false false false false false false false false false false false false false false false false false false false