2017-05-23T11:50:19-05:00 2015-07-31 112424454 FARBER BLICHT EYERMAN & HERZOG LLP 1000 WOODBURY ROAD SUITE 206 WOODBURY NY 11797 990 2014-08-01 222126689 HOVNANIAN SCHOOL INC HOVN 2019675940 817 RIVER ROAD NEW MILFORD NJ 07646 HILDA BARONIAN COMPTROLLER 2019675940 2017-05-18 1 KAREN GRIMM P00840315 5165767040 2014 2021-01-29 14:40:06Z X HILDA BARONIAN 817 RIVER ROAD NEW MILFORD NJ 07646 3095245 0 X N/A X 1976 NJ SCHOOL 0 0 0 0 59961 18273 220728 773291 1961669 1798269 0 0 411678 523685 2594075 3095245 0 0 0 0 1323587 1526866 0 0 247684 1183999 1003796 2507586 2530662 86489 564583 3473526 4053694 2057264 2111877 1416262 1941817 TO PROVIDE INSTRUCTION TO ENROLLED STUDENTS AND ENRICH THEM WITH THE ARMENIAN CULTURE AND HISTORY. 0 0 1634900 1798269 DAYTIME INSTRUCTION GIVEN TO APPROXIMATELY 178 STUDENTS, INCLUDING REGULAR PUBLIC SCHOOL CURRICULUM WITH ADDITIONAL ARMENIAN LANGUAGE AND HISTORY CLASSES 1634900 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 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 1 1 0 0 0 0 0 0 0 X 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NJ X THE HOVNANIAN SCHOOL 2019675940 817 RIVER ROAD NEW MILFORD NJ 07646 X GREGORY SIMONIAN CHAIRMAN 40.00 X 0 0 0 ROBERT GARIPIAN ADVISOR 40.00 X 0 0 0 ARA ZADOURIAN ADVISOR 40.00 X 0 0 0 NAZAR ALTUN SECRETARY 40.00 X 0 0 0 VICKEN ARSLANIAN ADVISOR 40.00 X 0 0 0 KAROLIN CAKIRDAS ADVISOR 40.00 X 0 0 0 KAREN NARGIZIAN VICE CHAIRWOMAN 40.00 X 0 0 0 BERTA ZAKIAN ADVISOR 40.00 X 0 0 0 AVAK UZATMACIYAN TREASURER 40.00 X 0 0 0 PAULETTE LOCARO INTERIM PRINCIPAL 40.00 X 0 0 0 SILVA MESROBIAN INTERIM PRINCIPAL 40.00 X 0 0 0 0 0 0 0 0 0 0 0 773291 773291 TUITION/REGISTRATION 611710 1530595 1530595 REGISTRATION 611710 85413 85413 AFTER SCHOOL 611710 34612 34612 SUMMER WORKSHOPS 611710 18190 18190 MUSIC 611710 12575 12575 116884 116884 1798269 59961 0 59961 59961 59961 463724 0 463724 463724 3095245 1798269 59961 463724 1401414 995915 405499 125452 89152 36300 15000 7500 7500 55834 18113 28337 9384 29405 13444 15961 71121 71121 139199 125279 13920 75336 50232 25104 FUNDRAISING AND SPECIAL 238300 238300 ADDITIONAL SCHOOL EXPEN 190959 190959 BUILDING REPAIRS & MAIN 84488 83643 845 UTILITIES 62815 56533 6282 41339 4130 37209 2530662 1634900 648078 247684 534861 364703 77850 88101 18062 21668 42571 57802 4842125 1676365 2724887 3165760 355660 75295 0 3473526 4053694 264897 275087 1784691 1836790 7676 0 2057264 2111877 X 2064557 2314914 132227 433264 -780522 -806361 1416262 1941817 3473526 4053694 X 564583 1660 -40688 X 0 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 716443 483597 232846 3928946 1104270 2824676 119130 42267 76863 77606 46231 31375 3165760 KAZAZIAN CAPITAL OFFSHORE FUND 355660 F 355660 PART XII LINE 2D PART XII LINE 2D: RENTAL EXPENSES PART XIII LINE 2D: RENTAL EXPENSES 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 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 PARENTS PARTICIPATION 45505 45505 45505 45505 45505 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.