2014-08-29T15:20:30-07:00 2013-12-31 SAMUEL KLEIN AND COMPANY 550 BROAD ST STE 11 NEWARK NJ 071024543 990 2013-01-01 237269706 BLOOMFIELD SENIOR CITIZENS HOUSING FELICITY TOWERS BLOO 9737432300 100 LLEWELYN AVENUE BLOOMFIELD NJ 07003 ALAN LAQUAGLIA President 2014-08-29 true BRUCE W MICHEL P00381558 9736246100 2013 2015-11-30 17:44:51Z 1570710 false false X N/A X 1968 NJ THE ORGANIZATION OWNS A 148-UNIT APARTMENT BUILDING THAT IS SUBSIDIZED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE ELDERLY INDIVIDUALS WITH LOW AND MODERATE INCOME HOUSING AT AN AFFORDABLE RATE.THE CORPORATION CHARGES THE TENANT RENT AT A RATE NOT TO EXCEED 30% OF THEIR INCOME. THE BALANCE IS SUPPLIED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 7 7 5 7 0 509757 456593 1111875 1109275 1203 961 4205 3881 1627040 1570710 0 0 219752 298274 0 0 1329353 1051820 1549105 1350094 77935 220616 3569289 3350651 3720197 3600435 -150908 -249784 THE ORGANIZATION OWNS A 148-UNIT APARTMENT BUILDING THAT IS SUBSIDIZED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE ELDERLY INDIVIDUALS WITH LOW AND MODERATE INCOME HOUSING AT AN AFFORDABLE RATE.THE CORPORATION CHARGES THE TENANT RENT AT A RATE NOT TO EXCEED 30% OF THEIR INCOME. THE BALANCE IS SUPPLIED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. false false 1287064 1345057 TO PROVIDE ELDERLY INDIVIDUALS WITH LOW TO MODERATE INCOME HOUSING AT AN AFFORDABLE RATE SUBSIDIZED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT 1287064 true true 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 true false false false false false false false false false true 7 0 true 5 true false false false false false false false false 0 false false false false false false false false false false X 7 7 false true false false false false false true true false false true true false false false true true true false X X Co RP MARZULLI COMPANY 9737432300 264 BELLEVILLE AVE BLOOMFIELD NJ 07003 GREGG BURNETT Trustee 1.00 0.00 X 0 0 0 ALAN LAQUAGLIA President 1.00 0.00 X X 0 0 0 MARIA RIZZITELLO Secretary 1.00 0.00 X X 0 0 0 RICK STEFANELLI Trustee 1.00 0.00 X 0 0 0 JOAN M YAR Vice President 1.00 0.00 X X 0 0 0 MICHAEL NAPOLITANO Trustee 1.00 0.00 X 0 0 0 DEBBIE AGENS Secretary 1.00 0.00 X 0 0 0 RP MARZULLI COINC MANAGING AGENT 40.00 0.00 X 68380 0 0 68380 0 false false false 0 456593 211291 456593 APARTMENT RENT 531110 1064021 1064021 COMMERCIAL RENTS 531110 22138 22138 GARAGE & PARKING RENT 531110 13596 13596 LAUNDRY MACHINES 531110 9520 9520 1109275 961 961 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 3881 3881 3881 1570710 1113156 961 0 0 0 0 68380 34190 34190 0 180399 180399 0 29450 29450 20045 20045 0 935 935 26069 14765 11304 0 0 0 0 7457 7457 0 0 0 0 0 0 0 -38021 -38021 0 200685 200685 58340 58340 UTILITIES 407626 407626 MAINTENANCE CONTRACTS 202750 202750 REAL ESTATE TAXES 131594 131594 REPAIRS AND MAINTENACE 122981 122981 -68596 -86132 17536 1350094 1287064 63030 0 26584 38406 0 0 11056 18481 0 0 0 0 45563 45936 6701595 3984376 2801434 2717219 0 0 0 0 684652 530609 3569289 3350651 91432 96921 3535381 3418592 93384 84922 3720197 3600435 X -150908 -249784 -150908 -249784 3569289 3350651 X 220616 -211291 -108201 X false true X true true true X 280004 247333 841150 509757 456593 2334837 0 0 280004 247333 841150 509757 456593 2334837 0 2334837 181 556 685 1203 961 3586 0 0 2338423 4225057 0.99850 0.99630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87139 87139 6614456 3984376 2630080 2717219 RESTRICTED DEPOSITS & FUNDED RESERVE 530609 530609 EXCESS RENTS DUE TO FEDERAL GOV 3671 TENANTS SECURITY DEPOSITS 81251 84922 1570710 1570710 1570710 1350094 1350094 1350094 X INTEREST RATE REDUCTION INKIND 1 211291 FMV false true false Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company THE MANAGING AGENT'S DUTIES INCLUDE: MANAGING THE FACILITY, HIRING AND SUPERVISING EMPLOYEES OF THE BUILDING, COLLECTION OF RENTS, MAINTENANCE OF THE BUILDING AND GROUNDS, PREPARATION OF VOUCHERS FOR GRANT ASSISTANCE PAYMENTS, DISBURSEMENT OF CHECKS, COMPLETING TENANT LEASES AND RENEWALS AND TENANT CERTIFICATIONS AND RECERTIFICATIONS. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE SIGNING OFFICER PRIOR TO FILING THE RETURN. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE TOP MANAGEMENT OFFICIAL'S COMPENSATION IS DETERMINED BY THE NEW JERSEY HOUSING MORTGAGE FINANCE AGENCY. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST Other Changes In Net Assets Or Fund Balances - Other Decreases INCREASE IN RESERVE FOR REPAIRS AND REPLACEMENTS = -$108201