BETA

RIESE PROJECTS INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
RIESE PROJECTS INC (EIN 23-7311149)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-15
IRS object ID
201421359349306637
Schema version
2013v3.0
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)
Return2014-05-15T14:23:14-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461169726PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1HAMMOND & BURNS LLCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1155 WILLOWBROOK BLVD SUITE 350AddressLine1
CityWAYNECity
StateNJState
ZIP Code074707033ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237311149EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE RIESE PROJECTS INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlRIESBusinessNameControlTxt
Phone9732799262PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 20TH AVENUEAddressLine1
CityPATERSONCity
StateNJState
ZIP Code07501ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD F WARD JRPersonNm
Person TitleTREASURERPersonTitleTxt
Phone9732799262PhoneNum
Signature2014-05-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNEIL E BURNS CPAPreparerPersonNm
PTINP00133451PTIN
Phone9734920101PhoneNum
Preparation2014-05-09PreparationDt
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-11-30 17:44:51ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMSGR HERBERT K TILLYERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1777 VALLEY ROADAddressLine1
CityCLIFTONCity
StateNJState
ZIP Code07013ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$1,658,168GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1971FormationYr
Legal Domicile StateNJLegalDomicileStateCd
Activity Or MissionTHE 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.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee6TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$585,135PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$1,571,261PYProgramServiceRevenueAmt
CY Program Service Revenue$1,608,012CYProgramServiceRevenueAmt
PY Investment Income$811PYInvestmentIncomeAmt
CY Investment Income$760CYInvestmentIncomeAmt
PY Other Revenue$105,119PYOtherRevenueAmt
CY Other Revenue$49,396CYOtherRevenueAmt
PY Total Revenue$2,262,326PYTotalRevenueAmt
CY Total Revenue$1,658,168CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$264,793PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$296,266CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,302,879PYOtherExpensesAmt
CY Other Expenses$1,370,267CYOtherExpensesAmt
PY Total Expenses$1,567,672PYTotalExpensesAmt
CY Total Expenses$1,666,533CYTotalExpensesAmt
PY Revenues Less Expenses$694,654PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$8,365CYRevenuesLessExpensesAmt
Total Assets BOY$6,674,581TotalAssetsBOYAmt
Total Assets EOY$6,558,697TotalAssetsEOYAmt
Total Liabilities BOY$3,204,566TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,039,325TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,470,015NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,519,372NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,666,533ExpenseAmt
Revenue$1,608,012RevenueAmt
DescTO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS.Desc
Total Program Service Expenses$1,666,533TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee6EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn0AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc0RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CORPORATIONBusinessNameLine1
FieldValueIRS element (for citing)
Phone9732799262PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 20TH AVENUEAddressLine1
CityPATERSONCity
StateNJState
ZIP Code07501ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
MSGR HERBERT K TILLYER
PRESIDENT10.00Yes (X)Yes (X)$0$0$0
RICHARD WARD JR
TREASURER5.00Yes (X)Yes (X)$0$0$0
JOSEPH DUFFY
DIRECTOR1.00Yes (X)$0$0$0
MOST REVEREND FRANK J RODIMER DD
DIRECTOR1.00Yes (X)$0$0$0
ROBERT J SADUR
DIRECTOR1.00Yes (X)$0$0$0
ANDREW F MCBRIDE III ESQ
DIRECTOR1.00Yes (X)$0$0$0
DEACON PETER CISTARO
DIRECTOR1.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RAYMOND P MARZULLI COMPANY INCBusinessNameLine1

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1264 BELLEVILLE AVENUEAddressLine1
CityBLOOMFIELDCity
StateNJState
ZIP Code07003ZIPCode
FieldValueIRS element (for citing)
ServicesBUILDING MANAGEMENT AND ACCOUNTING SERVIServicesDesc
Compensation$131,401CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENT-SENIOR CITIZEN HO531110$1,579,506$1,579,506
EXCESS RENT REFUND531110$28,506$28,506
FieldValueIRS element (for citing)
Total Program Service Revenue$1,608,012TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$760TotalRevenueColumnAmt
Exclusion$760ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtExclusionExclusionAmt
REPAIRS AND RESERVE RE531190$41,357$41,357
LAUNDRY INCOME531190$17,106$17,106
OTHER INCOME531190$3,523$3,523

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column-$12,590TotalRevenueColumnAmt
Exclusion-$12,590ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$49,396OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,658,168TotalRevenueColumnAmt
Related Or Exempt Func Income$1,608,012RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$50,156ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$207,043TotalAmt
Program Services$207,043ProgramServicesAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$10,178TotalAmt
Program Services$10,178ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$54,987TotalAmt
Program Services$54,987ProgramServicesAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$24,058TotalAmt
Program Services$24,058ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$116,561TotalAmt
Program Services$116,561ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$608TotalAmt
Program Services$608ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$9,240TotalAmt
Program Services$9,240ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,073TotalAmt
Program Services$12,073ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$952,255TotalAmt
Program Services$952,255ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total-$63,492TotalAmt
Program Services-$63,492ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$187,331TotalAmt
Program Services$187,331ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
PROVISION FOR REPAIRS A$99,079$99,079
MISCELLANEOUS ADMINISTR$29,862$29,862
COMPUTER SERVICES$14,840$14,840
WORKMEN'S COMPENSATION$8,767$8,767

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$3,143TotalAmt
Program Services$3,143ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,666,533TotalAmt
Program Services$1,666,533ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$167,587BOYAmt
EOY$149,387EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,176,397BOYAmt
EOY$1,234,724EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,209BOYAmt
EOY$16,889EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$55,219BOYAmt
EOY$54,863EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$7,470,359LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,367,525LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$5,247,169BOYAmt
EOY$5,102,834EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$6,674,581BOYAmt
EOY$6,558,697EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$64,656BOYAmt
EOY$94,838EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$3,039,934BOYAmt
EOY$2,837,233EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$99,976BOYAmt
EOY$107,254EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,204,566BOYAmt
EOY$3,039,325EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,176,271BOYAmt
EOY$3,167,906EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$293,744BOYAmt
EOY$351,466EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,470,015BOYAmt
EOY$3,519,372EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$6,674,581BOYAmt
EOY$6,558,697EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$8,365ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$57,722OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$81,993OtherCostOrOtherBasisAmt
Book Value$81,993BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$6,732,253OtherCostOrOtherBasisAmt
Depreciation$1,813,665DepreciationAmt
Book Value$4,918,588BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$656,113OtherCostOrOtherBasisAmt
Depreciation$553,860DepreciationAmt
Book Value$102,253BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$5,102,834TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
SECURITY DEPOSITS$99,206
PREPAID RENT$8,048
FieldValueIRS element (for citing)
Total Liability$107,254TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$1,616,811TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,616,811RevenueSubtotalAmt
Other Revenues Not Included$41,357OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$41,357RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,658,168TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,567,454TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,567,454ExpensesSubtotalAmt
Other Expenses Not Included$99,079OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$99,079ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,666,533TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 4B - OTHER ADJUSTMENTS:REFUNDS FROM RESERVE AND REPLACEMENT FUND 41,357.
PART XII, LINE 4B - OTHER ADJUSTMENTS:PROVISION FOR RESERVE AND REPLACEMENT FUND 99,079.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE 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 6MEMBERS OF THE CORPORATION MAY BE ANY CITIZEN OF THE UNITED STATE OF MAJORITY AGE, INTERESTED IN THE EXTENSION OF THE OBJECTIVES OF THE CORPORATION, WHO HAS DULY EXECUTED AND FILED AN APPLICATION FOR MEMBERSHIP WHICH HAS BEEN APPROVED BY MAJORITY VOTE OF THE BOARD OF DIRECTORS, SHALL BE CONSIDERED A VOTING MEMBER OF THE GENERAL MEMBERSHIP OF THE CORPORATION. NO MEMBER SHALL HAVE THE RIGHT TO MORE THAN ONE VOTE ON ANY ISSUED, MOTION OR RESOLUTION AT ANY GENERAL, ANNUAL OR SPECIAL MEETING.
FORM 990, PART VI, SECTION A, LINE 7AMEMBERS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 7BDISTRIBUTIONS 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 11THE 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 15BMANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS.
FORM 990, PART VI, SECTION C, LINE 19THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION.
FORM 990, PART XI, LINE 9:NET RESERVE FOR REPLACEMENT FUNDING (REFUND) 57,722.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndPublic Charity StatusPublicCharityStatusTxt
THE RIESE CORPORATION
211 20TH AVENUEPATERSONNJ07501221823795LOW INCOME HOUSINGNJ501(C)4N/A0
THE RIESE ST GERARD HOUSING CORP
505 WEST BROADWAYPATERSONNJ07522227311149LOW INCOME HOUSINGNJ501(C)3N/A07
RIESE MADISON PARK INC
70 DEY STREETPATERSONNJ07503222125691LOW INCOME HOUSINGNJ501(C)3N/A07
THE RIESE ST MARY'S COPORATION
200 PENNINGTON AVENUEPASSAICNJ07055222299252LOW INCOME HOUSINGNJ501(C)3N/A07
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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