2024-03-27T10:01:45-05:00 2023-09-30 223480145 HOLMAN FRENIA ALLISON PC 1985 CEDAR BRIDGE AVENUE SUITE 3 LAKEWOOD NJ 08701 990 2022-10-01 237242529 OYSTER BAY URBAN RENEWAL INC OYST 7322642711 50 BEERS STREET KEYPORT NJ 07735 JOSEPH CAREY PRESIDENT 7322642711 2024-03-27 1 JOSEPH CAREY 999009999 1 CRAIG R JOHNSON P00836358 7327971333 2024-03-27 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOSEPH CAREY 50 BEERS STREET KEYPORT NJ 07735 3921416 0 X COUGHLINMGT.COM/OYSTER-BAY X 1972 NJ THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS. 5 5 8 0 23425 22425 0 2501409 22800 1371227 -1772 21500 3861709 27280 3882737 3921416 0 0 0 0 525613 27405 0 0 0 2732078 3405717 3257691 3433122 625046 488294 23250569 23629118 15700736 15574953 7549833 8054165 THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS. 0 0 2895935 3897991 TO HELP PROVIDE AFFORDABLE RESIDENT SENIOR HOUSING. 2895935 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 0 0 1 4 0 8 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X THE ORGANIZATION 7322642711 50 BEERS STREET KEYPORT NJ 07735 X JOSEPH CAREY PRESIDENT 1.00 X X 0 0 0 CHRIS BURNS VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL WALLING SECRETARY/TREASURER 1.00 X X 0 0 0 CYNTHIA WEBER DIRECTOR 1.00 X X 0 0 0 NICHOLAS VECCHIO DIRECTOR 1.00 X X 0 0 0 0 0 0 0 0 0 0 CMC LIMITED INC PO BOX 266 ADELPHIA NJ 07710 EMPLOYEE LEASING 309030 COUGHLIN MANAGEMENT COMPANY PO BOX 266 ADELPHIA NJ 07710 PROPERTY MANAGEMENT 188868 WORLD INSURANCE ASSOCIATES LLC 650 CLARK AVE B KING OF PRUSSIA PA 19406 INSURANCE 130183 EVCO MECHANICAL CORPORATION 10 PULSH ST PORT MONMOUTH NJ 07758 WATER HEATER INSTALLATION 109803 4 2501409 2501409 TENANT RENTS 900099 1395951 1395951 ANTENNA RENTAL 900099 23425 23425 EXCESS RENTS 900099 1920 1920 LESS: RENTAL CONCESSIO 900099 -17550 -17550 LESS: VACANCY LOSSES 900099 -32519 -32519 1371227 21500 21500 LAUNDRY 812300 18966 18966 PARKING 812930 4380 4380 OTHER INCOME 900099 3934 3934 27280 3921416 1375082 23425 21500 27405 27405 188868 188868 7154 7154 31510 18300 13210 50045 50045 29948 2856 27092 750848 743340 7508 498155 493173 4982 397217 393245 3972 UTILITES 409618 405522 4096 LEASED EMPLOYEES 408936 185888 223048 MAINTENANCE CONTRACTS 322298 322298 REAL ESTATE TAXES 136153 136153 174967 145115 29852 3433122 2895935 537187 0 817330 144819 4669 10757 112949 99669 22909054 7255395 15896497 15653659 1421156 6419124 6299058 23250569 23629118 94917 159462 15478425 15270362 127394 145129 15700736 15574953 X 5033922 5517506 2515911 2536659 7549833 8054165 23250569 23629118 488294 16038 0 X 0 1 X 1 1 1 X 1124102 913463 913463 0 2501409 5452437 1906207 2680107 3282654 3861709 1375082 13105759 3030309 3593570 4196117 3861709 3876491 18558196 0 0 0 18558196 16794 13642 2203 0 21500 54139 16794 13642 2203 21500 54139 22800 24700 22800 22800 23425 116525 3069903 3631912 4221120 3884509 3921416 18728860 0.99090 0.99150 0.00290 0.00200 X 171185 171185 22121220 6893793 15227427 289384 163263 126121 327265 198339 128926 15653659 INSURANCE ESCROW 19 REAL ESTATE TAX ESCROW 72500 RESERVE FOR REPAIRS AND REPLACEMENTS 2536659 MODERATE REHAB RESERVE 2001073 OWNER'S COMPLETION RESERVE 833047 PRIORITY RESERVE 51113 REPLACEMENT RESERVE 175596 RESTABILIZATION RESERVE 486640 TENANT SECURITY DEPOSIT FUND 142411 6299058 TENANT SECURITY DEPOSITS 145129 145129 3921416 0 3921416 0 3921416 3433122 0 3433122 0 3433122 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION DOES DELEGATE CONTROL TO COUGHLIN MANAGEMENT COMPANY IN REGARDS TO PROPERTY MANAGEMENT AND FOR EMPLOYEES THEY DELEGATE THIS TO CMC LIMITED, INC. FORM 990, PART VI, SECTION B, LINE 11B BOARD MEMBER MEET TO REVIEW AND APPROVE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PER THE CONFLICT-OF- INTEREST POLICY, THE VENDOR LISTS ARE REVIEWED PERIODICALLY WITH THE BOARD OF DIRECTORS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. IF THERE ARE ANY CONFLICTS OF INTEREST WITH A SPECIFIC BOARD MEMBER, THE BOARD MEMBER WILL ABSTAIN FROM VOTING ON ANY APPROVALS FOR SUCH CONTRACTOR OR PAYMENT SUBMISSION. ANY POTENTIAL CONFLICTS OF INTEREST ARE DISCUSSED OPENLY AT BOARD MEETINGS. AN ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM IS ALSO FILED BY EACH BOARD MEMBER ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 A COPY OF THE IRS FORM 1023, ANNUAL FINANCIAL STATEMENT, IRS FORM 990 AND THE GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE ORGANIZATION. IN ADDITION, THE ANNUAL FINANCIAL STATEMENT AND FORM 990 ARE AVAILABLE TO THE GENERAL PUBLIC ON THE INTERNET AT WWW.GUIDESTAR.ORG.