BETA

RIESE PROJECTS INC: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
RIESE PROJECTS INC (EIN 23-7311149)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-05-26
IRS object ID
201701469349300900
Schema version
2016v3.0
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)
Return2017-05-26T10:25:32-05:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461169726PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAMMOND & BURNS LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 WILLOWBROOK BLVD SUITE 430AddressLine1Txt
CityWAYNECityNm
State AbbreviationNJStateAbbreviationCd
ZIP074707033ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237311149EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIESE PROJECTS URBAN RENEWAL CORPORATIONBusinessNameLine1Txt
Business Name Line2FORMERLY THE RIESE PROJECTS INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRIESBusinessNameControlTxt
Phone9732799262PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 20TH AVENUEAddressLine1Txt
CityPATERSONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07501ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJOSEPH A PUSKASPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9732799262PhoneNum
Signature2017-05-22SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNEIL E BURNS CPAPreparerPersonNm
PTINP00133451PTIN
Phone9734920101PhoneNum
Preparation2017-05-22PreparationDt
Self EmployedYes (X)SelfEmployedInd

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address68.194.234.4IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-05-22IPDt
IP Tm12:28:10IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDAF413107074C4FD28D13160E5C138F19BB64F46AtSubmissionCreationDeviceId
At Submission Filing Device IdDAF413107074C4FD28D13160E5C138F19BB64F46AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMSGR HERBERT K TILLYERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 VALLEY ROADAddressLine1Txt
CityCLIFTONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07013ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,707,470GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$2,286,694PYProgramServiceRevenueAmt
CY Program Service Revenue$2,417,577CYProgramServiceRevenueAmt
PY Investment Income$1,658PYInvestmentIncomeAmt
CY Investment Income$8,195CYInvestmentIncomeAmt
PY Other Revenue$277,560PYOtherRevenueAmt
CY Other Revenue$281,698CYOtherRevenueAmt
PY Total Revenue$2,565,912PYTotalRevenueAmt
CY Total Revenue$2,707,470CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$288,083PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$269,992CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,644,845PYOtherExpensesAmt
CY Other Expenses$1,590,172CYOtherExpensesAmt
PY Total Expenses$1,932,928PYTotalExpensesAmt
CY Total Expenses$1,860,164CYTotalExpensesAmt
PY Revenues Less Expenses$632,984PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$847,306CYRevenuesLessExpensesAmt
Total Assets BOY$7,515,342TotalAssetsBOYAmt
Total Assets EOY$8,166,326TotalAssetsEOYAmt
Total Liabilities BOY$3,281,743TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,085,421TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$4,233,599NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$5,080,905NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,860,164ExpenseAmt
Revenue$2,699,275RevenueAmt
DescTO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS.Desc
Total Program Service Expenses$1,860,164TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9732799262PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 20TH AVENUEAddressLine1Txt
CityPATERSONCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07501ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MSGR HERBERT K TILLYER
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
DEACON JOSEPH A PUSKAS
TREASURER5.00Yes (X)Yes (X)$0$0$0
JOSEPH DUFFY
DIRECTOR1.00Yes (X)$0$0$0
ANDREW F MCBRIDE III ESQ
DIRECTOR1.00Yes (X)$0$0$0
DEACON PETER CISTARO
DIRECTOR1.00Yes (X)$0$0$0
RICHARD WARD JR
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RAYMOND P MARZULLI COMPANY INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1264 BELLEVILLE AVENUEAddressLine1Txt
CityBLOOMFIELDCityNm
State AbbreviationNJStateAbbreviationCd
ZIP07003ZIPCd
FieldValueIRS element (for citing)
ServicesBUILDING MANAGEMENT AND ACCOUNTING SERVIServicesDesc
Compensation$132,809CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENT- SENIOR HOUSING PDesc
Business531110BusinessCd
Total Revenue Column$2,417,577TotalRevenueColumnAmt
Related Or Exempt Func Income$2,417,577RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$2,417,577TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,195TotalRevenueColumnAmt
Exclusion$8,195ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
SECTION 236 MORTGAGE I531190$275,158$275,158
LAUNDRY INCOME531190$11,124$11,124
MISCELLANEOUS INCOME531190$8,033$8,033

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$12,617TotalRevenueColumnAmt
Related Or Exempt Func Income-$12,617RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$281,698OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,707,470TotalRevenueColumnAmt
Related Or Exempt Func Income$2,699,275RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$8,195ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$197,705TotalAmt
Program Services$197,705ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$54,254TotalAmt
Program Services$54,254ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$18,033TotalAmt
Program Services$18,033ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$120,609TotalAmt
Program Services$120,609ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,165TotalAmt
Program Services$10,165ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$35,505TotalAmt
Program Services$35,505ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$25,177TotalAmt
Program Services$25,177ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$916,361TotalAmt
Program Services$916,361ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$156,824TotalAmt
Program Services$156,824ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$221,261TotalAmt
Program Services$221,261ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$104,270TotalAmt
Program Services$104,270ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,860,164TotalAmt
Program Services$1,860,164ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$722,444BOYAmt
EOY$569,541EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,652,920BOYAmt
EOY$2,524,456EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$16,263BOYAmt
EOY$27,548EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$52,583BOYAmt
EOY$43,710EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$7,754,888LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,934,995LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,911,284BOYAmt
EOY$4,819,893EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
BOY$159,848BOYAmt
EOY$181,178EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$7,515,342BOYAmt
EOY$8,166,326EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$210,987BOYAmt
EOY$196,205EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$17,625BOYAmt
EOY$24,534EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,954,680BOYAmt
EOY$2,770,167EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$98,451BOYAmt
EOY$94,515EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,281,743BOYAmt
EOY$3,085,421EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$4,233,599BOYAmt
EOY$5,080,905EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,233,599BOYAmt
EOY$5,080,905EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$7,515,342BOYAmt
EOY$8,166,326EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$847,306ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$81,993OtherCostOrOtherBasisAmt
Book Value$81,993BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,827,646OtherCostOrOtherBasisAmt
Depreciation$2,315,346DepreciationAmt
Book Value$4,512,300BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$845,249OtherCostOrOtherBasisAmt
Depreciation$619,649DepreciationAmt
Book Value$225,600BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$4,819,893TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescTENANT SECURITY DEPOSITSDesc
Amt$94,515Amt
FieldValueIRS element (for citing)
Total Liability$94,515TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,743,326TotalRevEtcAuditedFinclStmtAmt
Other Revenue$35,856OtherRevenueAmt
Revenue Not Reported$35,856RevenueNotReportedAmt
Revenue Subtotal$2,707,470RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,707,470TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,998,455TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$138,291OtherExpensesIncludedAmt
Expenses Not Reported$138,291ExpensesNotReportedAmt
Expenses Subtotal$1,860,164ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,860,164TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2: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 2013.
PART XI, LINE 2D - OTHER ADJUSTMENTS:REFUNDS FROM REPAIRS & REPLACEMENT FUND 35,856.
PART XII, LINE 2D - OTHER ADJUSTMENTS:PROVISION FOR REPAIRS - REPLACE FD 138,291.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE DAY TO DAY OPERATION OF THE PROJECTS IS CONTRACTED TO THE RAYMOND P. MARZULLI COMPANY, INC., A PROFESSIONAL REAL ESTATE MANAGEMENT COMPANY.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BDISTRIBUTIONS FROM THE REPAIRS AND REPLACEMENT RESERVE MUST BE APPROVED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AUTHORITY.
FORM 990, PART VI, SECTION B, LINE 11BTHE PRESIDENT AND TREASURER RECEIVE A HARD COPY OF THE FORM 990 AND REVIEW IT BEFORE IT IS FILED. THE FORM 990 IS THEN REVIEWED BY THE ENTIRE BOARD AT THE ANNUAL BOARD MEETING.
FORM 990, PART VI, SECTION B, LINE 15BMANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
THE RIESE CORPORATION
211 20TH AVENUEPATERSONNJ07501221823795LOW INCOME HOUSINGNJ501(C)4N/A0
THE RIESE ST GERARD HOUSING CORP
505 WEST BROADWAYPATERSONNJ07522227311149LOW INCOME HOUSINGNJ501(C)3N/A07
RIESE MADISON PARK INC
70 DEY STREETPATERSONNJ07503222125691LOW INCOME HOUSINGNJ501(C)3N/A07
THE RIESE ST MARY'S COPORATION
200 PENNINGTON AVENUEPASSAICNJ07055222299252LOW INCOME HOUSINGNJ501(C)3N/A07
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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