2013-08-13T20:32:06-05:00 2012-12-31 MAHONEY SABOL & COMPANY LLP 95 GLASTONBURY BOULEVARD STE 201 GLASTONBURY CT 060334453 990 2012-01-01 061465129 JEROME ESTATES HOUSING CORPORATION C/O MERIT ASSOCIATES JERO 8608280531 93 DEMING ROAD SUITE A BERLIN CT 06037 STEPHEN F DARLEY 8608280531 2013-08-01 true KENNETH A KRON CPA 8605412000 2013-08-07 2012 2016-02-24 21:20:13Z STEPHEN F DARLEY 67 NORTH BRANFORD RROAD BRANFORD CT 06405 1402378 false X X 1997 CT THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. 3 3 7 0 379680 542842 1138319 858801 2267 735 0 1520266 1402378 0 0 260358 292384 0 0 1277480 1384749 1537838 1677133 -17572 -274755 7773484 7394277 1517400 1412948 6256084 5981329 X THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. false false 1522039 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 22050 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 22050 1544089 true false 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 false false false false false false true 21 0 false 7 true false false false false false false X 3 3 true false false false false false false true true true false true true true false true true false false false CT X MERIT PROPERTIES 8608280531 93 DEMING ROAD SUITE A BERLIN CT 06037 X STEPHEN DARLEY 1.00 X 0 0 0 STEVEN MONTESANO 1.00 X 0 0 0 DEBRA SILVESTRI 1.00 X 0 0 0 false false false 542842 542842 NET RENTAL INCOME 858801 858801 858801 735 735 1402378 858801 735 233319 233319 39353 39353 19712 19712 106743 106743 30481 30481 63209 45131 18078 6263 6263 16446 8223 8223 795535 795535 68886 68886 237683 237683 ADMINISTRATIVE (BAD DEBT) 59073 59073 OTHER FINANCIAL EXPENSES 430 430 1677133 1544089 133044 0 4264 6424 85358 38269 23810 24991 9367088 3138107 5902579 6228981 151563 146934 1605910 948678 7773484 7394277 206481 145386 1221071 1174959 89848 92603 1517400 1412948 X 6256084 5981329 6256084 5981329 7773484 7394277 -274755 X false true X true true true X 358566 369449 372393 379680 542843 2022931 1280514 1219699 1118722 1138319 855799 5613053 1639080 1589148 1491115 1517999 1398642 7635984 7635984 6152 2553 2585 2267 736 14293 6152 2553 2585 2267 736 14293 1645232 1591701 1493700 1520266 1399378 7650277 0.99810 0.99770 0.00000 X 862705 862705 8207354 2951852 5255502 297029 186255 110774 6228981 REPLACEMENT RESERVES 702700 MORTGAGE ESCROW DEPOSITS 143632 TENANT SECURITY DEPOSITS 94845 OTHER RESERVES 7501 CONSTRUCTION IN PROCESS 948678 TENANT SECURITY DEPOSITS 92603 92603 1402378 1402378 1402378 1677133 1677133 1677133 ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. RELATED PARTY INFORMATION AMONG OFFICERS FORM 990, PAGE 6, PART VI, LINE 2 STEPHEN DARLEY STEVEN MONTESANO DIRECTOR DIRECTOR BUSINESS RELATIONSHIPS DEBRA SILVESTRI DIRECTOR BUSINESS RELATIONSHIPS OFFICERS WHO CANNOT BE REACHED FORM 990, PAGE 6, PART VI, LINE 9 STEPHEN DARLEY STEVEN MONTESANO DEBRA SILVESTRI ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B COPY OF FORM 990 PROVIDED TO GOVERNING BODY FOR THEIR REVIEW BEFORE FILING GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 FORM 990 AVAILABLE ON GUIDESTAR WEBSITE