JIRAIR S AND ELIZABETH HOVNANIAN FOUNDATION INC: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization
JIRAIR S AND ELIZABETH HOVNANIAN FOUNDATION INC (EIN 22-3630232)
Tax period
2012-07-01 to 2013-06-30
Filed
2014-05-15
IRS object ID
201401359349102470
Schema version
2012v2.3
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)
Timestamp2014-05-15T15:43:00-05:00Timestamp
Tax Period End Date2013-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1HEFFLER RADETICH & SAITTA LLPBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1703-B BIRCHFIELD DRIVEAddressLine1
CityMOUNT LAURELCity
StateNJState
ZIP Code08054ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnType
Tax Period Begin Date2012-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN223630232EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1The Jirair S and Elizabeth Hovnanian FamilyBusinessNameLine1
Business Name Line2Foundation IncBusinessNameLine2
FieldValueIRS element (for citing)
In Care Of Name% THE FOUNDATIONInCareOfName
Name ControlJIRANameControl
Phone8562354444Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1900 Birchfield DriveAddressLine1
Address Line2SuiteAddressLine2
CityMount LaurelCity
StateNJState
ZIP Code08054ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePETER HOVNANIANName
TitlePRESIDENTTitle
Phone2156658870Phone
Date Signed2014-05-15DateSigned
Authorize Third PartytrueAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameRUSSELL H STROEMEL III CPAName
Phone8564396462Phone
FieldValueIRS element (for citing)
Tax Year2012TaxYear
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Exempt PFXExemptPF
FMV Assets EOY4216832FMVAssetsEOY
Method Of Accounting CashXMethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Received Rev And Expnss300ContriReceivedRevAndExpnss
Interest On Savings Rev And Expnss54InterestOnSavingsRevAndExpnss
Interest On Savings Net Invst Incm54InterestOnSavingsNetInvstIncm
Dividends Rev And Expnss90763DividendsRevAndExpnss
Dividends Net Invst Incm90763DividendsNetInvstIncm
Net Gain Sale Assets Rev And Expnss7754NetGainSaleAssetsRevAndExpnss
Gross Sales Price1344486GrossSalesPrice
Capital Gain Net Incm Net Invst Incm7754CapitalGainNetIncmNetInvstIncm
Total Revenue And Expenses98871TotalRevenueAndExpenses
Total Net Investment Income98571TotalNetInvestmentIncome
Comp Ofcr Dir Trst Rev And Expnss0CompOfcrDirTrstRevAndExpnss
Accounting Fees Rev And Expnss11815AccountingFeesRevAndExpnss
Accounting Fees Net Invst Incm0AccountingFeesNetInvstIncm
Accounting Fees Adj Net Incm0AccountingFeesAdjNetIncm
Accounting Fees Dsbrs Chrtbl Prps0AccountingFeesDsbrsChrtblPrps
Other Prof Fees Rev And Expnss59085OtherProfFeesRevAndExpnss
Taxes Rev And Expnss8034TaxesRevAndExpnss
Other Expenses Rev And Expnss412OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss79346TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm0TotOprExpensesNetInvstIncm
Tot Opr Expenses Adj Net Incm0TotOprExpensesAdjNetIncm
Tot Opr Expenses Dsbrs Chrtbl Prps0TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss36375ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps36375ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss115721TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm0TotalExpensesNetInvstIncm
Total Expenses Adj Net Incm0TotalExpensesAdjNetIncm
Total Expenses Dsbrs Chrtbl Prps36375TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses-16850ExcessOfRevenueOverExpenses
Net Investment Income98571NetInvestmentIncome

Balance Sheets BalanceSheets

FieldValueIRS element (for citing)
Cash BOY0CashBOY
Cash EOY1001322CashEOY
Cash EOYFMV1001322CashEOYFMV
Investments Corp Stock BOY4728193InvestmentsCorpStockBOY
Investments Corp Stock EOY3923826InvestmentsCorpStockEOY
Investments Corp Stock EOYFMV3217998InvestmentsCorpStockEOYFMV
Other Assets BOY-2488OtherAssetsBOY
Other Assets EOY-2488OtherAssetsEOY
Other Assets EOYFMV-2488OtherAssetsEOYFMV
Total Assets BOY4725705TotalAssetsBOY
Total Assets EOY4922660TotalAssetsEOY
Total Assets EOYFMV4216832TotalAssetsEOYFMV
Total Liabilities EOY0TotalLiabilitiesEOY
Org That Do Not Follow SFAS117XOrgThatDoNotFollowSFAS117
Capital Stock BOY4725705CapitalStockBOY
Capital Stock EOY4922660CapitalStockEOY
Total Net Assets BOY4725705TotalNetAssetsBOY
Total Net Assets EOY4922660TotalNetAssetsEOY
Total Liabilities Net Assets BOY4725705TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY4922660TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

FieldValueIRS element (for citing)
Total Net Assets Fund Balances BOY4725705TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses-16850ExcessOfRevenueOverExpenses
Other Increases213805OtherIncreases
Subtotal4922660Subtotal
Total Net Assets Fund Balances EOY4922660TotalNetAssetsFundBalancesEOY

Capital Gains And Losses CapitalGainsAndLosses

Capital Gains And Losses Info CapitalGainsAndLossesInfo (3 entries)

Description Of AssetDescriptionOfAssetDate SoldDateSoldGross Sales PriceGrossSalesPriceCost Or Other BasisCostOrOtherBasisGain Or LossGainOrLossGains Minus Excess Or LossesGainsMinusExcessOrLossesHow AcquiredHowAcquired
THOMAS PAINE INVESTMENT ADVISORS ST2013-06-30491497375848115649115649
THOMAS PAINE INVESTMENT LT2013-06-30846803960884-114081-114081
CAPITAL GAIN DIVIDENDS6186P
FieldValueIRS element (for citing)
Capital Gain Net Income7754CapitalGainNetIncome

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

FieldValueIRS element (for citing)
Liable For4942 TaxfalseLiableFor4942Tax
Qualifying Distributions Year113524QualifyingDistributionsYear1
Noncharitable Assets Year13149696NoncharitableAssetsYear1
Distribution Ratio Year10.004294DistributionRatioYear1
Qualifying Distributions Year220032QualifyingDistributionsYear2
Noncharitable Assets Year21917587NoncharitableAssetsYear2
Distribution Ratio Year20.010446DistributionRatioYear2
Qualifying Distributions Year353476QualifyingDistributionsYear3
Noncharitable Assets Year31187684NoncharitableAssetsYear3
Distribution Ratio Year30.045025DistributionRatioYear3
Qualifying Distributions Year44000QualifyingDistributionsYear4
Noncharitable Assets Year4935545NoncharitableAssetsYear4
Distribution Ratio Year40.004276DistributionRatioYear4
Qualifying Distributions Year50QualifyingDistributionsYear5
Noncharitable Assets Year51162590NoncharitableAssetsYear5
Distribution Ratio Year50.0DistributionRatioYear5
Total Distribution Ratio0.064041TotalDistributionRatio
Average Distribution Ratio0.012808AverageDistributionRatio
Net Noncharitable Assets4242627NetNoncharitableAssets
Adjusted Noncharitable Assets54340AdjustedNoncharitableAssets
One Percent Net Investment Income986OnePercentNetInvestmentIncome
Adj Nonchrtbl Assets And One55326AdjNonchrtblAssetsAndOnePct
Qualifying Distributions36375QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

FieldValueIRS element (for citing)
Investment Income Excise Tax1971InvestmentIncomeExciseTax
Subtotal1971Subtotal
Tax Based On Investment Income1971TaxBasedOnInvestmentIncome
Total Credits And Payments0TotalCreditsAndPayments
Penalty For Underpayment45PenaltyForUnderpayment
Tax Due2016TaxDue

Statements Regarding Activities StatementsRegardingActivities

FieldValueIRS element (for citing)
Legislative Political ActivitiesfalseLegislativePoliticalActivities
More Than100 SpentfalseMoreThan100Spent
Form1120 POL FiledfalseForm1120POLFiled
Activities Not Prev ReportedfalseActivitiesNotPrevReported
Changes To Articles Or BylawsfalseChangesToArticlesOrBylaws
Unrelated Bus Income Over1000falseUnrelatedBusIncomeOver1000
Termination EtcfalseTerminationEtc
Requirements Of Sect508etrueRequirementsOfSect508e
At Least5000 In AssetstrueAtLeast5000InAssets
States Filed WithNJStatesFiledWith
Form990 PF Filed With AGtrueForm990PFFiledWithAG
Private Operating FoundationfalsePrivateOperatingFoundation
New Substantial ContributorsfalseNewSubstantialContributors
Interest In Controlled EntityfalseInterestInControlledEntity
Applicable Insurance ContractfalseApplicableInsuranceContract
Comply With Public Inspection RqrtrueComplyWithPublicInspectionRqr
Website AddressN/AWebsiteAddress

Books In Care Of Business Name BooksInCareOfBusinessName

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Books In Care Of Phone Number8562358444BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

FieldValueIRS element (for citing)
Address Line1900 BIRCHFIELD DRIVEAddressLine1
CityMOUNT LAURELCity
StateNJState
ZIP Code08054ZIPCode
FieldValueIRS element (for citing)
Foreign BankfalseForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

FieldValueIRS element (for citing)
Sale Or Exchange With Dsqfly PersonfalseSaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly PersonfalseBorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly PersonfalseFurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly PersonfalsePayCompensationToDsqflyPerson
Transfer Assets To Dsqfly PersonfalseTransferAssetsToDsqflyPerson
Payment To Government OfficalfalsePaymentToGovernmentOffical
Uncorrected Prior ActsfalseUncorrectedPriorActs
Undistributed Income Prior YearstrueUndistributedIncomePriorYears
Undistributed Income Prior Year12007UndistributedIncomePriorYear1
Undistr Income4942a2 Not AppliedfalseUndistrIncome4942a2NotApplied
Business HoldingsfalseBusinessHoldings
Jeopardy InvestmentsfalseJeopardyInvestments
Uncorrected Jeopardy InvestmentsfalseUncorrectedJeopardyInvestments
Influence LegislationfalseInfluenceLegislation
Influence ElectionfalseInfluenceElection
Grants To IndividualsfalseGrantsToIndividuals
Grants To OrganizationsfalseGrantsToOrganizations
Noncharitable PurposefalseNoncharitablePurpose
Prohibited Tax Shelter TransactnfalseProhibitedTaxShelterTransactn
Proceeds Or Net IncomefalseProceedsOrNetIncome

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (3 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleAvg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPositionCompensationCompensationContri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtcExpense Account Other AllowancesExpenseAccountOtherAllowances
ESTATE OF JIRAIR S HOVNANIAN
900 Birchfield DriveMount LaurelNJ08054TRUSTEE1.0000
STEPHEN J HOVNANIAN
900 Birchfield DriveMount LaurelNJ08054TRUSTEE1.0000
PETER J HOVNANIAN
900 Birchfield DriveMount LaurelNJ08054TRUSTEE1.0000
FieldValueIRS element (for citing)
Summary Of Direct Charitable ActySummaryOfDirectCharitableActy
Sum Of Program Related InvestmentsSumOfProgramRelatedInvestments

Minimum Investment Return MinimumInvestmentReturn

FieldValueIRS element (for citing)
Avg Monthly FMV Of Securities3780780AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances526456AvgMonthlyCashBalances
FMV All Other Noncharitable Assets0FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets4307236TotalFMVOfUnusedAssets
Acquisition Indebtedness0AcquisitionIndebtedness
Adj Total FMV Of Unused Assets4307236AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable64609CashDeemedCharitable
Net Noncharitable Assets4242627NetNoncharitableAssets
Minimum Investment Return212131MinimumInvestmentReturn

Distributable DistributableAmount

FieldValueIRS element (for citing)
Minimum Investment Return212131MinimumInvestmentReturn
Tax Based On Investment Income1971TaxBasedOnInvestmentIncome
Total Tax1971TotalTax
Distributable Amount Before Adj210160DistributableAmountBeforeAdj
Distributable Amount Before Ded210160DistributableAmountBeforeDed
Distributable Amount As Adjusted210160DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

FieldValueIRS element (for citing)
Expenses And Contributions36375ExpensesAndContributions
Program Related Investments Total0ProgramRelatedInvestmentsTotal
Amounts Paid Acq Charitable Assets0AmountsPaidAcqCharitableAssets
Amounts Set Aside Suitability Test0AmountsSetAsideSuitabilityTest
Amounts Set Aside Cash Distri Test0AmountsSetAsideCashDistriTest
Qualifying Distributions36375QualifyingDistributions
Adj Qualifying Distributions36375AdjQualifyingDistributions

Undistributed Income UndistributedIncome

FieldValueIRS element (for citing)
Distributable Amount As Adjusted210160DistributableAmountAsAdjusted
Undistributed Income Prior Year0UndistributedIncomePriorYear
Prior Year12010PriorYear1
Prior Year22009PriorYear2
Prior Year32008PriorYear3
Total For Prior Years50164TotalForPriorYears
Excess Distri Carryover Year10ExcessDistriCarryoverYear1
Total Excess Distri Carryover0TotalExcessDistriCarryover
Qualifying Distributions36375QualifyingDistributions
Applied To Year10AppliedToYear1
Applied To Current Year36375AppliedToCurrentYear
Remaining Distri From Corpus0RemainingDistriFromCorpus
Excess Distri Cyov App CY Corpus0ExcessDistriCyovAppCYCorpus
Excess Distri Cyov Applied CY0ExcessDistriCyovAppliedCY
Total Corpus0TotalCorpus
Prior Year Undistributed Income50164PriorYearUndistributedIncome
Taxable Amount150164TaxableAmount1
Taxable Amount20TaxableAmount2
Undistributed Income CY173785UndistributedIncomeCY
Excess Distri Cyov To Next Year0ExcessDistriCyovToNextYear
Excess From Current Year0ExcessFromCurrentYear
FieldValueIRS element (for citing)
Private Operating FoundationsPrivateOperatingFoundations

Supplementary Information SupplementaryInformation

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManager
Shareholder ManagerNAShareholderManager
Only Contributes To PreselectedXOnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear (9 entries)

Address Line1RecipientUSAddress/AddressLine1CityRecipientUSAddress/CityStateRecipientUSAddress/StateZIP CodeRecipientUSAddress/ZIPCodeRecipient RelationshipRecipientRelationshipRecipient Foundation StatusRecipientFoundationStatusPurpose Of Grant Or ContributionPurposeOfGrantOrContributionAmountAmountAddress Line1RecipientForeignAddress/AddressLine1CityRecipientForeignAddress/CityProvince Or StateRecipientForeignAddress/ProvinceOrStateCountryRecipientForeignAddress/CountryPostal CodeRecipientForeignAddress/PostalCode
BURLINGTON COUNTY COLLEGE FOUNDATION
601 PEMBERTON - BROWNS MILLS ROADPEMBERTONNJ08068NONEPUBLIC CHARITYTO PROVIDE SCHOLARSHIPS TO BURLINGTON COUNTY COLLEGE ACADEMIC STUDENTS.$500
KONSTANTINOS SCHOLARSHIP FOUNDATION
101 BORTONS ROADMARLTONNJ08053NONEPUBLIC CHARITYTO SUPPORT THE ARSHILE GORKY EXHIBITION AT THE PHILADELPHIA MUSEUM OF ART.$175
Armenian Sisters Academy
440 Upper Gulph RoadRadnorPA19087NONEPUBLIC CHARITYTo donate towards the "Perpetuating Our School and Heritage" annual affair to celebrate Armenia culture.$6,500
St Gregory the Illuminator Armenian Apostolic Chur
8701 RIDGE AVENUEPHILADELPHIAPA19128NONEPUBLIC CHARITYTo contribute to the building fund$400
BLSJ CHARITABLE FOUNDATION
114 HADDONTOWNE CTCHERRY HILLNJ08034NONEPUBLIC CHARITYTO PROVIDE SUPPORT TO THE ORGANIZATION.$1,000
BIRTHRIGHT ARMENIA
NONEPUBLIC CHARITYTO SUPPROT THE ORGANIZATION.$1,300SECOND FLOOR 37 HANRAPETUTYAN STYEREVANARMENIAAM540037
VIRTUA FOUNDATION
50 LAKE CENTER 401 RTE 73 NORTH SUIMARLTONNJ08053NONEPUBLIC CHARITYTO SUPPORT THE ORGANIZATION.$25,000
ARMENIAN SISTERS OF THE IMMACULATE CONCEPTION
NONEPUBLIC CHARITYTO SUPPORT THE ORGANIZATION.$5006 EGHISHE CHARENTS STREETANI DISTRICTGYUMRIAM3126
MONMOUTH MEDICAL CENTER FOUNDATION
300 2ND AVENUELONG BRANCHNJ07740NONEPUBLIC CHARITYTO SUPPORT THE ORGANIZATION.$1,000
FieldValueIRS element (for citing)
Tot Grant Or Contri Paid During Year36375TotGrantOrContriPaidDuringYear

Analysis Income Producing Acty AnalysisIncomeProducingActy

FieldValueIRS element (for citing)
Fees Contracts From Govt AgenciesFeesContractsFromGovtAgencies
Membership Dues And AssessmentsMembershipDuesAndAssessments

Int On Savings And Temp Cash Invst IntOnSavingsAndTempCashInvst

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$54ExclusionAmount

Dividends And Int From Sec Part VII DividendsAndIntFromSecPartVII

FieldValueIRS element (for citing)
Exclusion Code14ExclusionCode
Exclusion$90,763ExclusionAmount
FieldValueIRS element (for citing)
Net Rental Incm Re Debt Fincd PropNetRentalIncmReDebtFincdProp
Net Rntl Incm Re Not Debt Fincd PropNetRntlIncmReNotDebtFincdProp
Net Rental Incm Personal PropertyNetRentalIncmPersonalProperty
Other Investment Income Part VIIOtherInvestmentIncomePartVII

Gain Sales Assets Oth Than Invntry GainSalesAssetsOthThanInvntry

FieldValueIRS element (for citing)
Exclusion Code18ExclusionCode
Exclusion$7,754ExclusionAmount
FieldValueIRS element (for citing)
Net Income Loss From Special EventsNetIncomeLossFromSpecialEvents
Gross Profit Loss Sales Of InvntryGrossProfitLossSalesOfInvntry

Other Revenue Described OtherRevenueDescribed

FieldValueIRS element (for citing)
DescriptionCONTRIBUTIONSDescription
Exclusion$300ExclusionAmount

Subtotals Part XVIA SubtotalsPartXVIA

FieldValueIRS element (for citing)
Exclusion$98,871ExclusionAmount
FieldValueIRS element (for citing)
Total Part XVIA98871TotalPartXVIA

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

FieldValueIRS element (for citing)
Trnsfr Of Cash To Noncharitable EOfalseTrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EOfalseTrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssets
Purchase Assets Noncharitable EOfalsePurchaseAssetsNoncharitableEO
Rental Of Facilities EtcfalseRentalOfFacilitiesEtc
Reimbursement ArrangementsfalseReimbursementArrangements
Loans Or Loan GuaranteesfalseLoansOrLoanGuarantees
Performance Of Services EtcfalsePerformanceOfServicesEtc
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtc
Relationships Noncharitable E OsfalseRelationshipsNoncharitableEOs

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

FieldValueIRS element (for citing)
CategoryPROFESSIONAL FEESCategory
Amount$11,815Amount

Depreciation Schedule DepreciationSchedule

Land Etc Schedule2 LandEtcSchedule2

Other Assets Schedule OtherAssetsSchedule

Other Assets OtherAssets

FieldValueIRS element (for citing)
DescriptionEXCHANGEDescription
BOY Book Value-2488BOYBookValue
EOY Book Value-2488EOYBookValue
EOYFMV-2488EOYFMV

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionRevenue And Expenses Per BooksRevenueAndExpensesPerBooks
MISC EXPENSES257
BANK CHARGES155

Other Increases Schedule OtherIncreasesSchedule

Other Increases OtherIncreases

FieldValueIRS element (for citing)
DescriptionBEQUEST FROM E. HOVNANIAN ESTATEDescription
Amount$213,805Amount

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees OtherProfessionalFees (2 entries)

CategoryCategoryAmountAmount
ADVISORY FEES$53,619
OTHER FEES$5,466

Taxes Schedule TaxesSchedule

Taxes Taxes

FieldValueIRS element (for citing)
CategoryTAXES - FOREIGN WITHHELDCategory
Amount$8,034Amount

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