2016-05-05T15:46:44-05:00 2015-12-31 061289571 MAHONEY SABOL & COMPANY LLP 180 GLASTONBURY BLVD STE 400 GLASTONBURY CT 060334439 990 2015-01-01 061465129 JEROME ESTATES HOUSING CORPORATION C/O MERIT ASSOCIATES JERO 8608280531 1224 MILL STREET-BLDG A SUITE 102 EAST BERLIN CT 06023 CHERYL DANIW MANAGEMENT AGENT 8606466555 2016-05-05 true KENNETH A KRON CPA P00412073 8605412000 2016-05-05 2015 2016-09-27 15:27:22Z STEPHEN DARLEY 100 FITCH STREET NORTH HAVEN CT 06473 1713223 false X X 1997 CT THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. 3 3 0 0 191760 205444 1499524 1507371 5503 408 0 1696787 1713223 0 0 278172 291737 0 0 1444941 1490499 1723113 1782236 -26326 -69013 7177511 7120739 1363401 1375642 5814110 5745097 X THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. false false 1595875 1507371 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 25055 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 25055 1620930 true false false false false false false false false false true false false true true false 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 false false false false true 24 0 false 0 false false false false false false X 3 3 true false false false false false false true true true false false true true false false true false false false CT X X MERIT PROPERTIES 8608280531 1224 MILL STREET BLDG A - SUITE 102 EAST BERLIN CT 06023 X STEPHEN DARLEY PRESIDENT X 0 0 0 STEVEN MONTESANO VICE PRESIDE X 0 0 0 DEBRA SILVESTRI SECRETARY X 0 0 0 false false false 205444 205444 NET RENTAL INCOME 1507371 1507371 1507371 408 408 1713223 1507371 408 226154 226154 45143 45143 20440 20440 131020 131020 18015 18015 71296 50905 20391 17052 17052 19790 9895 9895 843973 843973 65539 65539 251670 251670 ADMINISTRATIVE (BAD DEBT) 72144 72144 1782236 1620930 161306 0 141517 156199 110573 83122 29668 46104 9861356 3825174 6148175 6036182 137679 133051 609899 666081 7177511 7120739 122810 133312 1138903 1119248 101688 123082 1363401 1375642 X 5814110 5745097 5814110 5745097 7177511 7120739 -69013 X false true X true true true X 379680 542843 151745 191760 205444 1471472 1138319 855799 1340052 1499524 1507371 6341065 1517999 1398642 1491797 1691284 1712815 7812537 7812537 2267 736 676 503 408 4590 2267 736 676 503 408 4590 1520266 1399378 1492473 1691787 1713223 7817127 0.99940 0.99910 0.00000 0.00000 X 720000 720000 8696456 3488892 5207564 291445 209041 82404 153455 127241 26214 6036182 REPLACEMENT RESERVES 364384 MORTGAGE ESCROW DEPOSITS 176737 TENANT SECURITY DEPOSITS 124960 666081 TENANT SECURITY DEPOSITS 123082 123082 1713223 1713223 1713223 1782236 1782236 1782236 FORM 990, PAGE 2, PART III, LINE 4D OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. FORM 990, PAGE 6, PART VI, LINE 2 STEPHEN DARLEY STEVEN MONTESANO DIRECTOR DIRECTOR BUSINESS RELATIONSHIPS DEBRA SILVESTRI DIRECTOR BUSINESS RELATIONSHIPS FORM 990, PAGE 6, PART VI, LINE 9 STEPHEN DARLEY 100 FITCH STREET NORTH HAVEN, CT 06473 STEVEN MONTESANO 86 IRONWORKS ROAD CLINTON, CT 06413 DEBRA SILVESTRI 86 IRONWORKS ROAD CLINTON, CT 06413 FORM 990, PAGE 6, PART VI, LINE 11B COPY OF FORM 990 PROVIDED TO GOVERNING BODY FOR THEIR REVIEW BEFORE FILING FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AVAILABLE ON GUIDESTAR WEBSITE