2016-05-12T14:27:16-05:00 2015-12-31 461169726 HAMMOND & BURNS LLC 155 WILLOWBROOK BLVD SUITE 430 WAYNE NJ 074707033 990 2015-01-01 237311149 RIESE PROJECTS URBAN RENEWAL CORPORATION FORMERLY THE RIESE PROJECTS INC RIES 9732799262 211 20TH AVENUE PATERSON NJ 07501 JOSEPH A PUSKAS TREASURER 9732799262 2016-05-10 1 NEIL E BURNS CPA P00133451 9734920101 2016-05-10 X 2015 2016-09-27 15:27:22Z MSGR HERBERT K TILLYER 777 VALLEY ROAD CLIFTON NJ 07013 2290754 0 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. 7 7 6 0 0 0 0 0 1600191 2286694 828 1658 5124 2402 1606143 2290754 0 0 0 0 285284 288083 0 0 0 1239616 1369687 1524900 1657770 81243 632984 6803947 7515342 3203332 3281743 3600615 4233599 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. 0 0 1657770 2289096 TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS. 1657770 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 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 1 13 0 1 6 1 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 1 1 1 1 0 0 1 1 0 0 0 0 0 1 0 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 DIRECTOR 1.00 X 0 0 0 MOST REVEREND FRANK J RODIMER DD DIRECTOR 1.00 X 0 0 0 ROBERT J SADUR DIRECTOR 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 0 0 0 0 0 0 0 RAYMOND P MARZULLI COMPANY INC 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 BUILDING MANAGEMENT AND ACCOUNTING SERVI 131876 1 RENT- SENIOR HOUSING P 531110 2285508 2285508 EXCESS RENT REFUND 531110 1186 1186 2286694 1658 1658 LAUNDRY INCOME 531190 11556 11556 MISCELLANEOUS INCOME 531190 3438 3438 SECTION 236 INVESMENT 531190 -12592 -12592 2402 2290754 2289096 0 1658 201874 201874 10083 10083 54775 54775 21351 21351 119676 119676 7560 7560 10165 10165 43311 43311 26960 26960 1009587 1009587 -127166 -127166 166823 166823 112771 112771 1657770 1657770 0 0 59745 722444 1585832 1652920 22367 16263 66805 52583 7625018 2713734 4941528 4911284 127670 159848 6803947 7515342 93663 210987 9369 17625 3000000 2954680 100300 98451 3203332 3281743 X 3600615 4233599 3600615 4233599 6803947 7515342 632984 0 X 0 1 X 0 1 1 81993 81993 6827646 2115903 4711743 715379 597831 117548 4911284 TENANT SECURITY DEPOSITS 98451 98451 X 2374218 83464 83464 2290754 0 2290754 1759631 101861 101861 1657770 0 1657770 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 2012. PART XI, LINE 2D - OTHER ADJUSTMENTS: REFUNDS FROM REPAIRS & REPLACEMENT FUND 83,464. PART XII, LINE 2D - OTHER ADJUSTMENTS: PROVISION FOR REPAIRS & REPLACE FUND 101,861. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, LINE 7A MEMBERS OF THE BOARD OF DIRECTORS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DISTRIBUTIONS 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 11 THE 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 15B MANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS. FORM 990, PART VI, SECTION C, 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 HOUSING NJ 501(C)4 N/A 0 THE RIESE ST GERARD HOUSING CORP 505 WEST BROADWAY PATERSON NJ 07522 227311149 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 RIESE MADISON PARK INC 70 DEY STREET PATERSON NJ 07503 222125691 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 THE RIESE ST MARY'S COPORATION 200 PENNINGTON AVENUE PASSAIC NJ 07055 222299252 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0