2012-05-15T07:56:37-05:00 2011-12-31 841717178 HAMMOND TRAIER & BURNS LLC 155 WILLOWBROOK BLVD SUITE 350 WAYNE NJ 074707033 990 2011-01-01 237311149 THE RIESE PROJECTS INC RIES 9732799262 211 20TH AVENUE PATERSON NJ 07501 RICHARD F WARD JR 9732799262 2012-05-15 1 NEIL E BURNS CPA P00133451 9734920101 2012-05-15 X 2011 2016-02-24 21:20:13Z MSGR HERBERT K TILLYER 777 VALLEY ROAD CLIFTON NJ 07013 2264002 0 X N/A X 1971 NJ THE 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. 8 8 5 0 0 0 0 410319 1497609 1533729 5329 3372 170846 316582 1673784 2264002 0 0 0 0 248040 251841 0 0 0 1248786 1236890 1496826 1488731 176958 775271 5752751 6218748 3582578 3475400 2170173 2743348 TO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT. 0 0 1488731 1533729 TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS. 1488731 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 5 1 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 1 0 X CORPORATION 9732799262 211 20TH AVENUE PATERSON NJ 07501 X MSGR HERBERT K TILLYER 10.00 X X 0 0 0 RICHARD WARD JR 5.00 X X 0 0 0 WILLIAM J BATE 1.00 X 0 0 0 JOSEPH DUFFY 1.00 X 0 0 0 MICHAEL E RENALDO 1.00 X 0 0 0 MOST REVEREND FRANK J RODIMER DD 1.00 X 0 0 0 ROBERT J SADUR 1.00 X 0 0 0 ANDREW F MCBRIDE III ESQ 1.00 X 0 0 0 0 0 0 0 0 0 0 RAYMOND P MARZULLI COMPANY INC 264 BELLEVILLE AVENUE BLOOMFIELD NJ 07003 BUILDING MANAGEMENT AND ACCOUNTING SERVI 122413 1 410319 410319 RENT-SENIOR CITIZEN HO 531110 1513057 1513057 EXCESS RENT REFUND 531110 20672 20672 1533729 3372 3372 REPAIRS AND RESERVE RE 531190 292560 292560 OTHER INCOME 531190 28793 28793 LAUNDRY INCOME 531190 7763 7763 -12534 -12534 316582 2264002 1533729 0 319954 184026 184026 11218 11218 34986 34986 21611 21611 111413 111413 1911 1911 9240 9240 10969 10969 857316 857316 -31400 -31400 141905 141905 PROVISION FOR REPAIRS A 90464 90464 MISCELLANEOUS ADMINISTR 27583 27583 COMPUTER SERVICES 11000 11000 WORKMEN'S COMPENSATION 6072 6072 417 417 1488731 1488731 0 0 58175 129832 1821358 1255285 85980 1109 3952 43690 50189 6703218 2009708 3828419 4693510 5752751 6218748 90999 155572 3396508 3225898 95071 93930 3582578 3475400 X 1706346 2481617 463827 261731 2170173 2743348 5752751 6218748 X 775271 -202096 X 0 1 0 X 1 1 81993 81993 6005340 1528109 4477231 615885 481599 134286 4693510 SECURITY DEPOSITS 90340 PREPAID RENT 3590 93930 2264002 1488731 775271 -202096 -202096 573175 1971442 0 1971442 292560 292560 2264002 1398267 0 1398267 90464 90464 1488731 PART XI, LINE 8 - OTHER ADJUSTMENTS: NET RESERVE FOR REPLACEMENT FUNDING (REFUND) -202,096. PART XII, LINE 4B - OTHER ADJUSTMENTS: REFUNDS FROM RESERVE AND REPLACEMENT FUND 292,560. PART XIII, LINE 4B - OTHER ADJUSTMENTS: PROVISION FOR RESERVE AND REPLACEMENT FUND 90,464. FORM 990, PART VI, SECTION A, LINE 3 THE 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 6 MEMBERS 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 7A MEMBERS ARE APPOINTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B DISTRIBUTIONS 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 11 THE 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 15B MANAGING FEES PAID TO THE MANAGING AGENT ARE DETERMINED IN ACCORDANCE WITH HUD REGULATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE OFFICES OF THE CORPORATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET RESERVE FOR REPLACEMENT FUNDING (REFUND) -202,096. TOTAL TO FORM 990, PART XI, LINE 5: -202,096. THE RIESE CORPORATION 211 20TH AVENUE PATERSON NJ 07501 221823795 LOW INCOME HOUSING NJ 501(C)4 N/A 0 THE RIESE ST GERARD HOUSING CORP 505 WEST BROADWAY PATERSON NJ 07522 227311149 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 RIESE MADISON PARK INC 70 DEY STREET PATERSON NJ 07503 222125691 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 THE RIESE ST MARY'S COPORATION 200 PENNINGTON AVENUE PASSAIC NJ 07055 222299252 LOW INCOME HOUSING NJ 501(C)3 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0