BLOOMFIELD SENIOR CITIZENS HOUSING CORP FELICITY TOWERS: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: BLOOMFIELD SENIOR CITIZENS HOUSING CORP FELICITY TOWERS (EIN 23-7269706)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-06-19
IRS object ID: 201301709349300325
Schema version: 2012v2.0
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule M
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-06-19T11:53:57-07:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SAMUEL KLEIN AND COMPANY	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	550 BROAD ST STE 11	AddressLine1
City	NEWARK	City
State	NJ	State
ZIP Code	071024543	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	237269706	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	BLOOMFIELD SENIOR CITIZENS HOUSING	BusinessNameLine1
Business Name Line2	FELICITY TOWERS	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	BLOO	NameControl
Phone	9737432300	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	100 LLEWELYN AVENUE	AddressLine1
City	BLOOMFIELD	City
State	NJ	State
ZIP Code	07003	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	ALAN LAQUAGLIA	Name
Title	President	Title
Date Signed	2013-06-19	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRUCE W MICHEL	Name
PTIN	P00381558	PTIN
Phone	9736246100	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	ALAN LAQUAGLIA	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	280 BERKELEY AVENUE	AddressLine1
City	BLOOMFIELD	City
State	NJ	State
ZIP Code	07003	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1627040	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
All Affiliates Included	false	AllAffiliatesIncluded
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1968	YearFormation
State Legal Domicile	NJ	StateLegalDomicile
Activity Or Mission Description	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.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	7	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	7	NbrIndependentVotingMembers
Total Nbr Employees	4	TotalNbrEmployees
Total Nbr Volunteers	7	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	841150	ContributionsGrantsPriorYear
Contributions Grants Current Year	509757	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1072384	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1111875	ProgramServiceRevenueCY
Investment Income Prior Year	685	InvestmentIncomePriorYear
Investment Income Current Year	1203	InvestmentIncomeCurrentYear
Other Revenue Prior Year	936	OtherRevenuePriorYear
Other Revenue Current Year	4205	OtherRevenueCurrentYear
Total Revenue Prior Year	1915155	TotalRevenuePriorYear
Total Revenue Current Year	1627040	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	284564	SalariesEtcPriorYear
Salaries Etc Current Year	219752	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1383181	OtherExpensePriorYear
Other Expenses Current Year	1329353	OtherExpensesCurrentYear
Total Expenses Prior Year	1667745	TotalExpensesPriorYear
Total Expenses Current Year	1549105	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	247410	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	77935	RevenuesLessExpensesCY
Total Assets BOY	3671632	TotalAssetsBOY
Total Assets EOY	3569289	TotalAssetsEOY
Total Liabilities BOY	3842921	TotalLiabilitiesBOY
Total Liabilities EOY	3720197	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-171289	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-150908	NetAssetsOrFundBalancesEOY
Mission Description	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.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1487970	Expense
Revenue	1359899	Revenue
Description	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	Description
Total Program Service Expense	1487970	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	true	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	true	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Invest Tax Exempt Bonds	false	InvestTaxExemptBonds
Escrow Account	false	EscrowAccount
On Behalf Of Issuer	false	OnBehalfOfIssuer
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	true	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	false	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	6	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	4	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Form990-T Filed	false	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Number Of8282 Filed	0	NumberOf8282Filed
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Form8899 Filed	false	Form8899Filed
Form1098 C Filed	false	Form1098CFiled
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Filed Lieu1041	false	FiledLieu1041
Licensed More Than One State	false	LicensedMoreThanOneState
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	7	NbrVotingGoverningBodyMembers
Number Independent Voting Members	7	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	true	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	false	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Other Website	X	OtherWebsite
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	Co RP MARZULLI COMPANY	NamePerson
Telephone Number	9737432300	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	264 BELLEVILLE AVE	AddressLine1
City	BLOOMFIELD	City
State	NJ	State
ZIP Code	07003	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Average Hours Per Week RelatedAverageHoursPerWeekRelated	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
DEBBIE AGENS
Secretary	1.00	0.00	X	0	0	0
MICHAEL NAPOLITANO
Trustee	1.00	0.00	X	0	0	0
JOAN M YAR
Vice President	1.00	0.00	X	0	0	0	X
RICK STEFANELLI
Trustee	1.00	0.00	X	0	0	0
MARIA RIZZITELLO
Secretary	1.00	0.00	X	0	0	0	X
ALAN LAQUAGLIA
President	1.00	0.00	X	0	0	0	X
GREGG BURNETT
Trustee	1.00	0.00	X	0	0	0
RP MARZULLI COINC
MANAGING AGENT	40.00	0.00		66973	0	0	X

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	66973	TotalReportableCompFromOrg
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Government Grants	509757	GovernmentGrants
Noncash Contributions	211291	NoncashContributions
Total Contributions	509757	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome
LAUNDRY MACHINES	531110	10770	10770
GARAGE & PARKING RENT	531110	12915	12915
COMMERCIAL RENTS	531110	21493	21493
APARTMENT RENT	531110	1066697	1066697

Field	Value	IRS element (for citing)
Total Program Service Revenue	1111875	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	1203	TotalRevenueColumn
Exclusion	$1,203	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Royalties Revenue RoyaltiesRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income From Gaming NetIncomeFromGaming

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Net Income Or Loss NetIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	MISCELLANEOUS INCOME	Description
Business Code	900099	BusinessCode
Total Revenue Column	4205	TotalRevenueColumn
Related Or Exempt Function Income	4205	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	4205	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1627040	TotalRevenueColumn
Related Or Exempt Function Income	1116080	RelatedOrExemptFunctionIncome
Exclusion	$1,203	ExclusionAmount

Grants To Domestic Orgs GrantsToDomesticOrgs

Field	Value	IRS element (for citing)
Total	0	Total

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	0	Total

Foreign Grants ForeignGrants

Field	Value	IRS element (for citing)
Total	0	Total

Benefits To Members BenefitsToMembers

Field	Value	IRS element (for citing)
Total	0	Total

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	66973	Total
Program Services	33487	ProgramServices
Management And General	33486	ManagementAndGeneral

Comp Disqual Persons CompDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	107940	Total
Program Services	107940	ProgramServices

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	0	Total

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	28611	Total
Program Services	28611	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	16228	Total
Program Services	16228	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	25565	Total
Program Services	14455	ProgramServices
Management And General	11110	ManagementAndGeneral

Fees For Services Lobbying FeesForServicesLobbying

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	0	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	0	Total

Advertising Advertising

Field	Value	IRS element (for citing)
Total	0	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	0	Total

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	0	Total

Royalties Royalties

Field	Value	IRS element (for citing)
Total	0	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	0	Total

Travel Travel

Field	Value	IRS element (for citing)
Total	0	Total

Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials

Field	Value	IRS element (for citing)
Total	0	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	0	Total

Interest Interest

Field	Value	IRS element (for citing)
Total	183258	Total
Program Services	183258	ProgramServices

Payments To Affiliates PaymentsToAffiliates

Field	Value	IRS element (for citing)
Total	0	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	176409	Total
Program Services	176409	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	53103	Total
Program Services	53103	ProgramServices

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
REPAIRS AND MAINTENACE	113286	113286
REAL ESTATE TAXES	136935	136935
MAINTENANCE CONTRACTS	169751	169751
UTILITIES	404618	404618

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	66428	Total
Program Services	49889	ProgramServices
Management And General	16539	ManagementAndGeneral

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1549105	Total
Program Services	1487970	ProgramServices
Management And General	61135	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	31513	BOY
EOY	26584	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
EOY	0	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
EOY	0	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	28036	BOY
EOY	11056	EOY

Receivables From Officers Etc ReceivablesFromOfficersEtc

Field	Value	IRS element (for citing)
EOY	0	EOY

Receivables From Disqual Persons ReceivablesFromDisqualPersons

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Notes Loans Receivable Net OtherNotesLoansReceivableNet

Field	Value	IRS element (for citing)
EOY	0	EOY

Inventories For Sale Or Use InventoriesForSaleOrUse

Field	Value	IRS element (for citing)
EOY	0	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	46014	BOY
EOY	45563	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	6602296	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	3800862	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	2816082	BOY
EOY	2801434	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
EOY	0	EOY

Investments Program Related InvestmentsProgramRelated

Field	Value	IRS element (for citing)
EOY	0	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
EOY	0	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	749987	BOY
EOY	684652	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	3671632	BOY
EOY	3569289	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	84545	BOY
EOY	91432	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	3657734	BOY
EOY	3535381	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	100642	BOY
EOY	93384	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	3842921	BOY
EOY	3720197	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	-171289	BOY
EOY	-150908	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-171289	BOY
EOY	-150908	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3671632	BOY
EOY	3569289	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	77935	ReconcilationRevenueExpenses
Reconcilation Other Changes	-57554	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited

FS Audited Basis FSAuditedBasis

Field	Value	IRS element (for citing)
Financial Statement Separate	X	FinancialStatementSeparate

Field	Value	IRS element (for citing)
Audit Committee	true	AuditCommittee
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org170b1 Avi	X	PubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	267203	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	280004	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	247333	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	841150	CurrentTaxYearMinus1Year
Current Tax Year	509757	CurrentTaxYear
Total	2145447	Total

Tax Rev Levied For Org Benefit170 TaxRevLeviedForOrgBenefit170

Field	Value	IRS element (for citing)
Total	0	Total

Value Srvc Fclts Furnished By Govt ValueSrvcFcltsFurnishedByGovt

Field	Value	IRS element (for citing)
Total	0	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	267203	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	280004	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	247333	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	841150	CurrentTaxYearMinus1Year
Current Tax Year	509757	CurrentTaxYear
Total	2145447	Total

Field	Value	IRS element (for citing)
Amounts Subst Contributors Total	0	AmountsSubstContributorsTotal
Public Support Total170	2145447	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	5402	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	181	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	556	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	685	CurrentTaxYearMinus1Year
Current Tax Year	1203	CurrentTaxYear
Total	8027	Total

Net UBI NetUBI

Field	Value	IRS element (for citing)
Total	0	Total

Other Income170 OtherIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Total Support	2153474	TotalSupport
Gross Receipts From Admissions Etc	5195076	GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage170	0.99630	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.98500	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	87139	OtherCostOrOtherBasis
Book Value	87139	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	6515157	OtherCostOrOtherBasis
Depreciation	3800862	Depreciation
Book Value	2714295	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	2801434	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	RESTRICTED DEPOSITS & FUNDED RESERVE	Description
Book Value	684652	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	684652	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
TENANTS SECURITY DEPOSITS	$79,520
EXCESS RENTS DUE TO FEDERAL GOV	$13,864

Field	Value	IRS element (for citing)
Total Of Amounts	93384	TotalOfAmounts
Tot Revenue Etc Audited Fincl Stmt	1415749	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1415749	RevenueSubtotal
Other Revenues Not Included	211291	OtherRevenuesNotIncluded
Revenue Not Rptd On Fin Stmt	211291	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	1627040	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1337814	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1337814	ExpensesSubtotal
Other Expenses Not Included	211291	OtherExpensesNotIncluded
Expenses Not Rptd On Fin Stmt	211291	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	1549105	TotalExpensesPerForm990

Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Part XII, Line 4b	Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S	INTEREST REDUCTION INKIND CONTRIBUTION $211291
Part XI, Line 4b	Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S	INTEREST REDUCTION INKIND CONTRIBUTIONS $211291

Schedule M IRS990ScheduleM

Securities Miscellaneous SecuritiesMiscellaneous

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	211291	NoncashContribsRptdF990
Method Of Determining Revenues	FMV	MethodOfDeterminingRevenues

Other Non Cash Contributions Table OtherNonCashContributionsTable

Field	Value	IRS element (for citing)
Non Cash Checkbox	X	NonCashCheckbox
Description	INTEREST REDUCT	Description
Number Of Contributions	1	NumberOfContributions
Noncash Contribs Rptd F990	211291	NoncashContribsRptdF990
Method Of Determining Revenues	FAIR MARKET	MethodOfDeterminingRevenues

Field	Value	IRS element (for citing)
Any Property That Must Be Held	false	AnyPropertyThatMustBeHeld
Review Process Unusual NC Gifts	true	ReviewProcessUnusualNCGifts
Third Parties Used	false	ThirdPartiesUsed

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
Form 990, Part XI, Line 9	Other Changes In Net Assets Or Fund Balances - Other Decreases	INCREASE IN RESERVE FOR REPAIRS AND REPLACEMENTS = -$57554
Form 990, Part VI, Line 19	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
Form 990, Part VI, Line 15b	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 11b	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 3	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.