2012-05-14T08:30:16-07:00 2011-12-31 SAMUEL KLEIN AND COMPANY 550 BROAD ST STE 11 NEWARK NJ 071024517 990 2011-01-01 237269706 BLOOMFIELD SENIOR CITIZENS HOUSING FELICITY TOWERS BLOO 9737432300 100 LLEWELYN AVENUE BLOOMFIELD NJ 07003 ALAN LAQUAGLIA 2012-05-14 true BRUCE W MICHEL 9736246100 2011 2016-02-24 21:20:13Z ALAN LAQUAGLIA 280 BERKELEY AVENUE BLOOMFIELD NJ 07003 1915155 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 247333 841150 1026648 1072384 556 685 24402 936 1298939 1915155 0 0 295125 284564 0 0 1071955 1383181 1367080 1667745 -68141 247410 3477684 3671632 3978095 3842921 -500411 -171289 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 1598518 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 1598518 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 6 0 true 5 true false false false false false false false false false false false 0 false false false false false false false false false false false X 7 7 false true false false false false false true true false false false true true false false false true true true false false NJ X X Co RP MARZULLI COMPANY 9737432300 264 BELLEVILLE AVE BLOOMFIELD NJ 07003 DEBBIE AGENS 0.00 X 0 0 0 MICHAEL NAPOLITANO 0.00 X 0 0 0 JOAN M YAR 0.00 X X 0 0 0 RICK STEFANELLI 0.00 X 0 0 0 MARIA RIZZITELLO 0.00 X X 0 0 0 ALAN LAQUAGLIA 0.00 X X 0 0 0 GREGG BURNETT 0.00 X 0 0 0 RP MARZULLI COINC 40.00 X 65215 0 0 65215 0 false false false 0 841150 211291 841150 LAUNDRY MACHINES 531110 11349 11349 GARAGE & PARKING RENT 531110 13807 13807 COMMERCIAL RENTS 531110 22658 22658 APARTMENT RENT 531110 1024570 1024570 1072384 685 685 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 900099 936 936 936 1915155 1073320 685 0 0 0 0 65215 32608 32607 0 174334 174334 0 29538 29538 15477 15477 0 0 14075 14075 0 0 0 0 1030 1030 0 7800 7800 0 0 0 0 0 192259 192259 0 152638 152638 44466 44466 UTILITIES 440188 440188 REPAIRS AND MAINTENACE 122330 122330 REAL ESTATE TAXES 123059 123059 PROVISION FOR REPAIR 81712 81712 MAINTENANCE CONTRACTS 168212 168212 35412 12867 22545 1667745 1598518 69227 0 153517 31513 0 0 8555 28036 0 0 0 0 20461 46014 6461754 3645672 2608607 2816082 0 0 0 0 686544 749987 3477684 3671632 85733 84545 3770756 3657734 121606 100642 3978095 3842921 X -500411 -171289 -500411 -171289 3477684 3671632 X 247410 81712 X false true true X true true X 221423 267203 280004 247333 841150 1857113 0 0 221423 267203 280004 247333 841150 1857113 0 1857113 21394 5402 181 556 685 28218 0 0 1885331 5013320 0.98500 0.96460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87139 87139 6374615 3645672 2728943 2816082 RESTRICTED DEPOSITS & FUNDED RESERVE 749987 749987 TENANTS SECURITY DEPOSITS 81308 EXCESS RENTS DUE TO FEDERAL GOV 19334 100642 1915155 1667745 247410 81712 81712 329122 1703864 1703864 211291 211291 1915155 1456454 1456454 211291 211291 1667745 Part XIII, Line 4b Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S INTEREST REDUCTION INKIND CONTRIBUTION $211291 Part XII, Line 4b Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S INTEREST REDUCTION INKIND CONTRIBUTIONS $211291 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances INCREASE IN RESERVE FOR REPAIRS AND REPLACEMENTS $81712 X 1 211291 X INTEREST REDUCT 1 211291 FMV false true false 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 11 Form 990, Part VI, Line 11: 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.