JEROME ESTATES HOUSING CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: JEROME ESTATES HOUSING CORPORATION (EIN 06-1465129)
Tax period: 2011-01-01 to 2011-12-31
Filed: 2012-05-11
IRS object ID: 201231329349300338
Schema version: 2011v1.2
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 D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2012-05-11T08:26:04-05:00	Timestamp
Tax Period End Date	2011-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MAHONEY SABOL & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	95 GLASTONBURY BOULEVARD STE 201	AddressLine1
City	GLASTONBURY	City
State	CT	State
ZIP Code	060334453	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	061465129	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	JEROME ESTATES HOUSING CORPORATION	BusinessNameLine1
Business Name Line2	C/O MERIT ASSOCIATES	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	JERO	NameControl
Phone	8608280531	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	93 DEMING ROAD SUITE A	AddressLine1
City	BERLIN	City
State	CT	State
ZIP Code	06037	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	STEPHEN F DARLEY	Name
Title	PRESIDENT	Title
Phone	8608280531	Phone
Date Signed	2012-04-30	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	KENNETH A KRON CPA	Name
Phone	8605412000	Phone
Date Prepared	2012-05-11	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	STEPHEN F DARLEY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	67 NORTH BRANFORD RROAD	AddressLine1
City	BRANFORD	City
State	CT	State
ZIP Code	06405	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	1520266	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1997	YearFormation
State Legal Domicile	CT	StateLegalDomicile
Activity Or Mission Description	THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	3	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	3	NbrIndependentVotingMembers
Total Nbr Employees	11	TotalNbrEmployees
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Prior Year	372393	ContributionsGrantsPriorYear
Contributions Grants Current Year	379680	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	1118722	ProgramServiceRevenuePriorYear
Program Service Revenue CY	1138319	ProgramServiceRevenueCY
Investment Income Prior Year	2585	InvestmentIncomePriorYear
Investment Income Current Year	2267	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	1493700	TotalRevenuePriorYear
Total Revenue Current Year	1520266	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	255892	SalariesEtcPriorYear
Salaries Etc Current Year	260358	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	1209961	OtherExpensePriorYear
Other Expenses Current Year	1277480	OtherExpensesCurrentYear
Total Expenses Prior Year	1465853	TotalExpensesPriorYear
Total Expenses Current Year	1537838	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	27847	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-17572	RevenuesLessExpensesCY
Total Assets BOY	7930317	TotalAssetsBOY
Total Assets EOY	7773484	TotalAssetsEOY
Total Liabilities BOY	1656661	TotalLiabilitiesBOY
Total Liabilities EOY	1517400	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	6273656	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	6256084	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	1410321	Expense
Description	OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Expense	3325	Expense
Description	OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS.	Description

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	3325	TotalOfOtherProgramServiceExp
Total Program Service Expense	1413646	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	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
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	false	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	false	ComplianceWithBackupWitholding
Number Of Employees	11	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	3	NbrVotingGoverningBodyMembers
Number Independent Voting Members	3	NumberIndependentVotingMembers
Family Or Business Relationship	true	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	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	true	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	false	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	CT	StatesWhereCopyOfReturnIsFiled
Other Website	X	OtherWebsite

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

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

Field	Value	IRS element (for citing)
Telephone Number	8608280531	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	93 DEMING ROAD	AddressLine1
Address Line2	SUITE A	AddressLine2
City	BERLIN	City
State	CT	State
ZIP Code	06037	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
STEPHEN DARLEY
PRESIDENT	1.00	X	0	0	0
STEVEN MONTESANO
VICE PRESIDE	1.00	X	0	0	0
DEBRA SILVESTRI
SECRETARY	1.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources
Government Grants	379680	GovernmentGrants
Total Contributions	379680	TotalContributions

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	NET RENTAL INCOME	Description
Total Revenue Column	1138319	TotalRevenueColumn
Related Or Exempt Function Income	1138319	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	1138319	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	2267	TotalRevenueColumn
Exclusion	$2,267	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	1520266	TotalRevenueColumn
Related Or Exempt Function Income	1138319	RelatedOrExemptFunctionIncome
Exclusion	$2,267	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	208849	Total
Program Services	208849	ProgramServices

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	26368	Total
Program Services	26368	ProgramServices

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	25141	Total
Program Services	25141	ProgramServices

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	102138	Total
Management And General	102138	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	40868	Total
Program Services	29180	ProgramServices
Management And General	11688	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	13483	Total
Program Services	13483	ProgramServices

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	20732	Total
Program Services	10366	ProgramServices
Management And General	10366	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	713857	Total
Program Services	713857	ProgramServices

Interest Interest

Field	Value	IRS element (for citing)
Total	76757	Total
Program Services	76757	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	225994	Total
Program Services	225994	ProgramServices

Other Expenses OtherExpenses

Field	Value	IRS element (for citing)
Description	ADMINISTRATIVE (BAD DEBT)	Description
Total	83651	Total
Program Services	83651	ProgramServices

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	1537838	Total
Program Services	1413646	ProgramServices
Management And General	124192	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	100113	BOY
EOY	4264	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	107036	BOY
EOY	85358	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	20031	BOY
EOY	23810	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	8807631	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	2905052	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	6067749	BOY
EOY	5902579	EOY

Intangible Assets IntangibleAssets

Field	Value	IRS element (for citing)
BOY	156190	BOY
EOY	151563	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	1479198	BOY
EOY	1605910	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	7930317	BOY
EOY	7773484	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	163523	BOY
EOY	206481	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	1412331	BOY
EOY	1221071	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	80807	BOY
EOY	89848	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1656661	BOY
EOY	1517400	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	6273656	BOY
EOY	6256084	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	6273656	BOY
EOY	6256084	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	7930317	BOY
EOY	7773484	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-17572	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Consolidated	X	FinancialStatementConsolidated
Federal Grant Audit Required	true	FederalGrantAuditRequired
Federal Grant Audit Performed	true	FederalGrantAuditPerformed

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	347923	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	358566	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	369449	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	372393	CurrentTaxYearMinus1Year
Current Tax Year	379680	CurrentTaxYear
Total	1828011	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1273457	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1280514	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1219699	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1118722	CurrentTaxYearMinus1Year
Current Tax Year	1138319	CurrentTaxYear
Total	6030711	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1621380	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1639080	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1589148	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1491115	CurrentTaxYearMinus1Year
Current Tax Year	1517999	CurrentTaxYear
Total	7858722	Total

Field	Value	IRS element (for citing)
Public Support Total509	7858722	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	4757	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6152	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2553	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2585	CurrentTaxYearMinus1Year
Current Tax Year	2267	CurrentTaxYear
Total	18314	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	4757	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6152	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	2553	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2585	CurrentTaxYearMinus1Year
Current Tax Year	2267	CurrentTaxYear
Total	18314	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1626137	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	1645232	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1591701	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	1493700	CurrentTaxYearMinus1Year
Current Tax Year	1520266	CurrentTaxYear
Total	7877036	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.99770	PublicSupportPercentage509
Prior Year Support Percentage	0.99600	PriorYearSupportPercentage
Investment Income Percentage	0.00000	InvestmentIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule D IRS990ScheduleD

Field	Value	IRS element (for citing)
Disclosed Orgs Legal Control	false	DisclosedOrgsLegalControl
Disclosed For Charitable Purposes	false	DisclosedForCharitablePurposes
Written Policy Monitoring	false	WrittenPolicyMonitoring
Sect170h Requirements Satisfied	false	Sect170hRequirementsSatisfied
Solicited Assets For Sale	false	SolicitedAssetsForSale
Agent Trustee Etc	false	AgentTrusteeEtc
Included On FS	false	IncludedOnFS
Endowments Held By Unrelated Orgs	false	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	false	EndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule R	false	AreRelatedOrgsListedScheduleR

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	862705	OtherCostOrOtherBasis
Book Value	862705	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7676792	OtherCostOrOtherBasis
Depreciation	2745458	Depreciation
Book Value	4931334	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	268134	OtherCostOrOtherBasis
Depreciation	159594	Depreciation
Book Value	108540	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	5902579	TotalOfBookValueLandBuildings

Other Assets OtherAssets (5 entries)

DescriptionDescription	Book ValueBookValue
REPLACEMENT RESERVES	922832
CONSTRUCTION IN PROCESS	441808
MORTGAGE ESCROW DEPOSITS	141663
TENANT SECURITY DEPOSITS	90719
OTHER RESERVES	8888

Field	Value	IRS element (for citing)
Total Book Value Other Assets	1605910	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
TENANT SECURITY DEPOSITS	$89,848
PREPAID RENTS

Field	Value	IRS element (for citing)
Total Of Amounts	89848	TotalOfAmounts
Total Revenue	1520266	TotalRevenue
Total Expenses	1537838	TotalExpenses
Excess Or Deficit For Year	-17572	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-17572	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	1520266	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	1520266	RevenueSubtotal
Total Revenue Per Form990	1520266	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	1537838	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	1537838	ExpensesSubtotal
Total Expenses Per Form990	1537838	TotalExpensesPerForm990

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
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

JEROME ESTATES HOUSING CORPORATION: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

Activity Other ActivityOther

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

Program Service Revenue ProgramServiceRevenue

Investment Income InvestmentIncome

Total Revenue TotalRevenue

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Management FeesForServicesManagement

Fees For Services Accounting FeesForServicesAccounting

Advertising Advertising

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Other Expenses OtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Accounts Receivable AccountsReceivable

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Intangible Assets IntangibleAssets

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Total509 Total509

Gross Investment Income509 GrossInvestmentIncome509

Investment Income And UBTI InvestmentIncomeAndUBTI

Total Support Total TotalSupportTotal

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Equipment Equipment

Other Assets OtherAssets (5 entries)

Other Liabilities OtherLiabilities (2 entries)

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (5 entries)

Comments