HOVNANIAN SCHOOL INC: Form 990, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- HOVNANIAN SCHOOL INC (EIN 22-2126689)
- Tax period
- 2014-08-01 to 2015-07-31
- Filed
- 2017-05-23
- IRS object ID
- 201741439349300334
- Schema version
- 2014v6.0
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-05-23T11:50:19-05:00 | ReturnTs |
| Tax Period End | 2015-07-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 112424454 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FARBER BLICHT EYERMAN & HERZOG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WOODBURY ROAD SUITE 206 | AddressLine1Txt |
| City | WOODBURY | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11797 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2014-08-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 222126689 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOVNANIAN SCHOOL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOVN | BusinessNameControlTxt |
| Phone | 2019675940 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 817 RIVER ROAD | AddressLine1Txt |
| City | NEW MILFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07646 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HILDA BARONIAN | PersonNm |
| Person Title | COMPTROLLER | PersonTitleTxt |
| Phone | 2019675940 | PhoneNum |
| Signature | 2017-05-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KAREN GRIMM | PreparerPersonNm |
| PTIN | P00840315 | PTIN |
| Phone | 5165767040 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2014 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amended Return | Yes (X) | AmendedReturnInd |
| Principal Officer | HILDA BARONIAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 817 RIVER ROAD | AddressLine1Txt |
| City | NEW MILFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07646 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,095,245 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1976 | FormationYr |
| Legal Domicile State | NJ | LegalDomicileStateCd |
| Activity Or Mission | SCHOOL | ActivityOrMissionDesc |
| Voting Members Governing Body | 0 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 0 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $59,961 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $18,273 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $220,728 | PYContributionsGrantsAmt |
| CY Contributions Grants | $773,291 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,961,669 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,798,269 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $411,678 | PYOtherRevenueAmt |
| CY Other Revenue | $523,685 | CYOtherRevenueAmt |
| PY Total Revenue | $2,594,075 | PYTotalRevenueAmt |
| CY Total Revenue | $3,095,245 | 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 | $1,323,587 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,526,866 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $247,684 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,183,999 | PYOtherExpensesAmt |
| CY Other Expenses | $1,003,796 | CYOtherExpensesAmt |
| PY Total Expenses | $2,507,586 | PYTotalExpensesAmt |
| CY Total Expenses | $2,530,662 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $86,489 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $564,583 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,473,526 | TotalAssetsBOYAmt |
| Total Assets EOY | $4,053,694 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,057,264 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,111,877 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,416,262 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,941,817 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PROVIDE INSTRUCTION TO ENROLLED STUDENTS AND ENRICH THEM WITH THE ARMENIAN CULTURE AND HISTORY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,634,900 | ExpenseAmt |
| Revenue | $1,798,269 | RevenueAmt |
| Desc | DAYTIME INSTRUCTION GIVEN TO APPROXIMATELY 178 STUDENTS, INCLUDING REGULAR PUBLIC SCHOOL CURRICULUM WITH ADDITIONAL ARMENIAN LANGUAGE AND HISTORY CLASSES | Desc |
| Total Program Service Expenses | $1,634,900 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | 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 | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | 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 | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 0 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 0 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | 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 | 0 | ConflictOfInterestPolicyInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE HOVNANIAN SCHOOL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2019675940 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 817 RIVER ROAD | AddressLine1Txt |
| City | NEW MILFORD | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 07646 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|
| GREGORY SIMONIAN | |||||
| CHAIRMAN | 40.00 | Yes (X) | $0 | $0 | $0 |
| ROBERT GARIPIAN | |||||
| ADVISOR | 40.00 | Yes (X) | $0 | $0 | $0 |
| ARA ZADOURIAN | |||||
| ADVISOR | 40.00 | Yes (X) | $0 | $0 | $0 |
| NAZAR ALTUN | |||||
| SECRETARY | 40.00 | Yes (X) | $0 | $0 | $0 |
| VICKEN ARSLANIAN | |||||
| ADVISOR | 40.00 | Yes (X) | $0 | $0 | $0 |
| KAROLIN CAKIRDAS | |||||
| ADVISOR | 40.00 | Yes (X) | $0 | $0 | $0 |
| KAREN NARGIZIAN | |||||
| VICE CHAIRWOMAN | 40.00 | Yes (X) | $0 | $0 | $0 |
| BERTA ZAKIAN | |||||
| ADVISOR | 40.00 | Yes (X) | $0 | $0 | $0 |
| AVAK UZATMACIYAN | |||||
| TREASURER | 40.00 | Yes (X) | $0 | $0 | $0 |
| PAULETTE LOCARO | |||||
| INTERIM PRINCIPAL | 40.00 | Yes (X) | $0 | $0 | $0 |
| SILVA MESROBIAN | |||||
| INTERIM PRINCIPAL | 40.00 | Yes (X) | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | 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 |
| All Other Contributions | $773,291 | AllOtherContributionsAmt |
| Total Contributions | $773,291 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (5 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION/REGISTRATION | 611710 | $1,530,595 | $1,530,595 |
| REGISTRATION | 611710 | $85,413 | $85,413 |
| AFTER SCHOOL | 611710 | $34,612 | $34,612 |
| SUMMER WORKSHOPS | 611710 | $18,190 | $18,190 |
| MUSIC | 611710 | $12,575 | $12,575 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $116,884 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $116,884 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,798,269 | TotalProgramServiceRevenueAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $59,961 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $59,961 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,961 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $59,961 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $463,724 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $0 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $463,724 | TotalRevenueColumnAmt |
| Exclusion | $463,724 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,095,245 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,798,269 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $59,961 | UnrelatedBusinessRevenueAmt |
| Exclusion | $463,724 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,401,414 | TotalAmt |
| Program Services | $995,915 | ProgramServicesAmt |
| Management And General | $405,499 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $125,452 | TotalAmt |
| Program Services | $89,152 | ProgramServicesAmt |
| Management And General | $36,300 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Program Services | $7,500 | ProgramServicesAmt |
| Management And General | $7,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $55,834 | TotalAmt |
| Program Services | $18,113 | ProgramServicesAmt |
| Management And General | $28,337 | ManagementAndGeneralAmt |
| Fundraising | $9,384 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,405 | TotalAmt |
| Program Services | $13,444 | ProgramServicesAmt |
| Management And General | $15,961 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,121 | TotalAmt |
| Management And General | $71,121 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $139,199 | TotalAmt |
| Program Services | $125,279 | ProgramServicesAmt |
| Management And General | $13,920 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,336 | TotalAmt |
| Program Services | $50,232 | ProgramServicesAmt |
| Management And General | $25,104 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| FUNDRAISING AND SPECIAL | $238,300 | $238,300 | ||
| ADDITIONAL SCHOOL EXPEN | $190,959 | $190,959 | ||
| BUILDING REPAIRS & MAIN | $84,488 | $83,643 | $845 | |
| UTILITIES | $62,815 | $56,533 | $6,282 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,339 | TotalAmt |
| Program Services | $4,130 | ProgramServicesAmt |
| Management And General | $37,209 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,530,662 | TotalAmt |
| Program Services | $1,634,900 | ProgramServicesAmt |
| Management And General | $648,078 | ManagementAndGeneralAmt |
| Fundraising | $247,684 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $534,861 | BOYAmt |
| EOY | $364,703 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,850 | BOYAmt |
| EOY | $88,101 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,062 | BOYAmt |
| EOY | $21,668 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,571 | BOYAmt |
| EOY | $57,802 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,842,125 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,676,365 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,724,887 | BOYAmt |
| EOY | $3,165,760 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $355,660 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,295 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,473,526 | BOYAmt |
| EOY | $4,053,694 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,897 | BOYAmt |
| EOY | $275,087 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,784,691 | BOYAmt |
| EOY | $1,836,790 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,676 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,057,264 | BOYAmt |
| EOY | $2,111,877 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,064,557 | BOYAmt |
| EOY | $2,314,914 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $132,227 | BOYAmt |
| EOY | $433,264 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$780,522 | BOYAmt |
| EOY | -$806,361 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,416,262 | BOYAmt |
| EOY | $1,941,817 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,473,526 | BOYAmt |
| EOY | $4,053,694 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $564,583 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,660 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$40,688 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
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
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $716,443 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $483,597 | DepreciationAmt |
| Book Value | $232,846 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $3,928,946 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $1,104,270 | DepreciationAmt |
| Book Value | $2,824,676 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $119,130 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $42,267 | DepreciationAmt |
| Book Value | $76,863 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $77,606 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $46,231 | DepreciationAmt |
| Book Value | $31,375 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,165,760 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | KAZAZIAN CAPITAL OFFSHORE FUND | Desc |
| Book Value | $355,660 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $355,660 | TotalBookValueSecuritiesAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART XII LINE 2D | FormAndLineReferenceDesc |
| Explanation | PART XII LINE 2D: RENTAL EXPENSES PART XIII LINE 2D: RENTAL EXPENSES | ExplanationTxt |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | 0 | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | 0 | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | AT THE BEGINNING OF EVERY ACADEMIC YEAR, ADS ARE PLACED IN LOCAL NEWSPAPERS |
| SCHEDULE E, PART I, LINE 4 | NO RECORDS NEEDED NO SCHOLARSHIPS AND ASSISTANCE AWARDED |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | PARENTS PARTICIPATION | Event1Nm |
| Gross Receipts Event1 | $45,505 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $45,505 | GrossRevenueEvent1Amt |
| Gross Receipts Total | $45,505 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $45,505 | GrossRevenueTotalEventsAmt |
| Net Income Summary | $45,505 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND COMPARES TO THE BOOKS AND RECORDS OF THE ORGANIZATION PRIOR TO THE FILING OF THE FORM 990. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES AVAILABLE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. IT PUBLISHED THE AVAILABLITY OF THESE DOCUMENTS IN AN AD IN ACCEPTABLE PUBLICATION. |
| FORM 990, PART VII | GREGORY SIMONIAN - 300 SKYLARK CT, PARAMUS, NJ 07652. ROBERT GARIPIAN - 305 ARTHUR AVENUE, ENGLEDWOOD CLIFFS, NJ 07632. ARA ZADOURIAN - 93 GARRY ROAD, CLOSTER, NJ 07624. NAZAR ALTUN - 9 HAMILTON CT, PARAMUS, NJ 07652. VICKEN ARSLANIAN - C/O HOVNANIAN SCHOOL 817 RIVER ROAD, NEW MILFORD, NJ 07646. KAROLIN CAKIRDAS - 441 JERSEY AVEMUE, FAIRVIEW, NJ 07022. KAREN NARGIZIAN - 878 SCIOTO DRIVE, FRANKLIN LAKES, NJ 07417. BERTA ZAKIAN - 129 E 82ND ST APT # 10A, NEW YORK, NY 10028. AVAK UZATMACIYAN - 76 NICHOLAS DRIVE, PARAMUS, NJ 07652. PAULETTE LOCARO - 148 MIDWOOD ROAD, GLEN ROCK, NJ 07452. SILVA MESROBIAN - 745 PROSPECT ST, GLEN ROCK, NJ 07452. |
| FORM 990, PART XI, LINE 9: | RENTAL EXPENSES -40,688. |
| FORM 990, ITEM B: | UPON COMPLETION OF ANNUAL AUDIT PROCEDURES, IT WAS DETERMINED THAT INFORMATION PREVIOUSLY REPORTED WAS INCORRECT. UPON DISCOVERY, THIS AMENDED RETURN WAS COMPLETED AND FILED IMMEDIATELY. THE FOLLOWING IS AN ITEMIZED LISTING OF CHANGES MADE: PART VIII LINE 1F: RECORDED $83,987 IN ADDITIONAL CONTRIBUTIONS RELATED TO ASSETS CONTRIBUTED TO SCHOOL FROM OUTSIDE PARTIES. BALANCE IS NOW $773,291. PART VIII LINE 2A: REDUCED TUITION/REGISTRATION INCOME BY $8,000 BASED ON REVENUE RECOGNITION TESTING FROM AUDIT. BALANCE IS NOW $1,530,595. PART VIII LINE 2F: REDUCED OTHER PROGRAM SERVICE REVENUE BY $54,186 BASED ON REVENUE RECOGNITION TESTING FROM AUDIT. BALANCE IS NOW $116,884. PART VIII LINE 8A: RECORDED $141,457 IN ADDITIONAL FUNDRAISING REVENUES BASED ON REVENUE RECOGNITION TESTING FROM AUDIT. BALANCE IS NOW $463,724. PART VIII LINE 6D: RENTAL INCOME REDUCED TO $59,961. IN ADDITION, CLASSIFICATION OF RENTAL INCOME CHANGED TO COLUMN C UNRELATED BUSINESS REVENUE. PART IX LINE 7: SALARIES EXPENSE REDUCED BY $17,391. BALANCE IS NOW $1,401,414. PART IX LINE 11C: ACCOUNTING FEES HAVE BEEN INCREASED BY $5,000. BALANCE IS NOW $15,000. PART IX LINE 11G: OTHER PROFESSIONAL FEES INCREASED BY $25,675. BALANCE IS NOW $55,834. PART IX LINE 13: OFFICE EXPENSE REDUCED BY $594. BALANCE IS NOW $29,405 PART IX LINE 24A: FUNDRAISING EXPENSES HAS BEEN REDUCED BY $5,520. BALANCE IS NOW $238,300. PART IX LINE 24B: CHANGED TO SHOW ADDITIONAL SCHOOL EXPENSES. BALANCE REDUCED BY $1,284. NOW IS $190,959. PART IX LINE 24C: CHANGED TO SHOW BUILDING REPAIRS & MAINTENANCE. BALANCE REDUCED BY $145,703. NOW IS $84,488. PART X LINE 1: CASH REDUCED BY $250,000 AS PART OF CORRECTING CLASSIFICATION OF MARKETABLE SECURITIES. BALANCE IS NOW $364,703. PART X LINE 4: ACCOUNTS RECEIVABLE HAS BEEN REDUCED BY $290,595. BALANCE IS NOW $88,101. PART X LINE 9: PREPAID EXPENSES CORRECTED TO REFLECT PROPER CUT-OFF TESTING RESULTS. BALANCE IS NOW $57,802. PART X LINES 10A/B/C: DUE TO ADDITION OF CONTRIBUTED PROPERTY, COST BASIS, ACCUMULATED DEPRECIATION AND NET BOOK VALUE CHANGED. THE CORRECTED BALANCES ARE NOW $4,842,125, $1,676,365 AND $3,165,760 RESPECTIVELY. PART X LINE 12: RECLASSIFICATION OF SECURITIES HELD FROM CASH RESULT IN CORRECTED BALANCE OF $355,660. PART X LINE 17: ACCOUNTS PAYABLE WAS CORRECTED DUE TO CUT-OFF TESTING. NEW BALANCE IS NOW $275,087. PART X LINE 23: SECURED MORTGAGE INCREASED WITH ADDITION OF NEW PROPERTY. BALANCE IS NOW $1,836,790. PART X LINES 27/28/29: DUE TO CHANGES IN OPERATIONS STATED ABOVE, THE BALANCES FOR NET ASSETS CHANGED ACCORDINGLY. PART XI LINE 1: BALANCE INCREASED AS PART OF THE ABOVE CHANGES. BALANCE IS NOW $3,095,245. PART XI LINE 2: BALANCE DECREASED AS PART OF THE ABOVE CHANGES. BALANCE IS NOW $2,530,662. PART XI LINE 5: DUE TO CHANGE IN INVESTMENTS, UNREALIZED GAINS WERE CALCULATED AND RECORDED. BALANCE IS $1,660. PART XI LINE 9: OTHER CHANGES NOW CORRECTED TO REFLECT RENTAL EXPENSES OF -$40,688. SCHEDULE D PART VI SECTION 1: BALANCE CHANGED TO REFLECT CHANGES DUE TO CONTRIBUTED PROPERTY. BALANCE IS NOW $3,165,760. SCHEDULE D PART VII: DUE TO RECLASSIFICATION FROM CASH ACCOUNT, INVESTMENT BALANCE WAS CORRECTED TO A BALANCE OF $355,660. |
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