2012-05-11T08:26:04-05:00 2011-12-31 MAHONEY SABOL & COMPANY LLP 95 GLASTONBURY BOULEVARD STE 201 GLASTONBURY CT 060334453 990 2011-01-01 061465129 JEROME ESTATES HOUSING CORPORATION C/O MERIT ASSOCIATES JERO 8608280531 93 DEMING ROAD SUITE A BERLIN CT 06037 STEPHEN F DARLEY 8608280531 2012-04-30 true KENNETH A KRON CPA 8605412000 2012-05-11 2011 2016-02-24 21:20:13Z STEPHEN F DARLEY 67 NORTH BRANFORD RROAD BRANFORD CT 06405 1520266 false X X 1997 CT THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. 3 3 11 0 372393 379680 1118722 1138319 2585 2267 0 1493700 1520266 0 0 255892 260358 0 0 1209961 1277480 1465853 1537838 27847 -17572 7930317 7773484 1656661 1517400 6273656 6256084 X THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD. false false 1410321 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 3325 OPERATION OF JEROME ESTATES WHICH IS A RESIDENTIAL APARTMENT COMPLEX WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT HAS 176 UNITS. 3325 1413646 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 false true 6 0 false 11 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 379680 379680 NET RENTAL INCOME 1138319 1138319 1138319 2267 2267 1520266 1138319 2267 208849 208849 26368 26368 25141 25141 102138 102138 40868 29180 11688 13483 13483 20732 10366 10366 713857 713857 76757 76757 225994 225994 ADMINISTRATIVE (BAD DEBT) 83651 83651 1537838 1413646 124192 0 100113 4264 107036 85358 20031 23810 8807631 2905052 6067749 5902579 156190 151563 1479198 1605910 7930317 7773484 163523 206481 1412331 1221071 80807 89848 1656661 1517400 X 6273656 6256084 6273656 6256084 7930317 7773484 -17572 X false true true X true true X 347923 358566 369449 372393 379680 1828011 1273457 1280514 1219699 1118722 1138319 6030711 1621380 1639080 1589148 1491115 1517999 7858722 7858722 4757 6152 2553 2585 2267 18314 4757 6152 2553 2585 2267 18314 1626137 1645232 1591701 1493700 1520266 7877036 0.99770 0.99600 0.00000 X false false false false false false false false false false 862705 862705 7676792 2745458 4931334 268134 159594 108540 5902579 REPLACEMENT RESERVES 922832 CONSTRUCTION IN PROCESS 441808 MORTGAGE ESCROW DEPOSITS 141663 TENANT SECURITY DEPOSITS 90719 OTHER RESERVES 8888 1605910 TENANT SECURITY DEPOSITS 89848 PREPAID RENTS 89848 1520266 1537838 -17572 -17572 1520266 1520266 1520266 1537838 1537838 1537838 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