2024-05-13T11:26:02-05:00 2023-06-30 366055558 GRANT THORNTON LLP 2001 MARKET STREET SUITE 700 PHILADELPHIA PA 19103 990 2022-07-01 272704950 MULLICA HILL SNH INC MULL 8563484020 1255 CALDWELL ROAD CHERRY HILL NJ 08034 JENNIFER CRIPPS CFO & TREASURER 8563484020 2024-05-13 1 JENNIFER CRIPPS 999009999 0 RUSSLEE ARMSTRONG P00288383 2155614200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TONI PERGOLIN 1255 CALDWELL ROAD CHERRY HILL NJ 08034 42903 0 X X 2009 NJ TO CONSTRUCT, OWN AND OPERATE SAFE, AFFORDABLE HOUSING UNITS FOR QUALIFIED LOW INCOME CLIENTS. 3 0 0 0 0 0 0 0 42903 42903 0 0 0 0 42903 42903 0 0 0 0 0 0 0 0 0 87902 85583 87902 85583 -44999 -42680 708758 676626 1165257 1175805 -456499 -499179 TO CONSTRUCT, OWN AND OPERATE SAFE, AFFORDABLE HOUSING UNITS ON BANCROFT, A NEW JERSEY NONPROFIT CORPORATION'S (BANCROFT) MULLICA HILL CAMPUS FOR CLIENTS OF BANCROFT WHO QUALIFY AS LOW INCOME AND TO ACT AS A SUPPORT ORGANIZATION FOR BANCROFT. 0 0 85583 42903 MULLICA HILL SNH OWNS AND OPERATES AFFORDABLE HOUSING UNITS INTENDED FOR USE BY QUALIFYING INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. EXPENSES INCURRED RELATE DIRECTLY TO THE ORGANIZATION'S OPERATION OF 66 AFFORDABLE HOUSING UNITS ON THE LAKESIDE CAMPUS. 85583 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X JENNIFER CRIPPS 8563481196 1255 CALDWELL ROAD CHERRY HILL NJ 08034 TONI PERGOLIN PRESIDENT AND CEO 1.00 44.00 X X 0 637078 64324 JENNIFER CRIPPS TREASURER/CFO 2.00 43.00 X X 0 309320 6255 KATHY ROSS SECRETARY/EXECUTIVE LIAISON 2.00 43.00 X X 0 137707 40661 0 1084105 111240 0 0 1 0 0 LOW INC HOUSING RENT 531110 42903 42903 42903 42903 42903 0 0 2952 2952 38978 38978 31686 31686 3085 3085 CLEANING & LANDSCAPING 8882 8882 85583 85583 0 0 445 0 42899 42898 998121 364393 665414 633728 0 0 0 0 0 0 708758 676626 0 0 812886 812886 352371 362919 1165257 1175805 X -456499 -499179 -456499 -499179 708758 676626 -42680 0 X 0 1 X 1 0 X X X 1 BANCROFT A NEW JERSEY NONPROFIT CORPORATION 210672770 2 1 53897 0 1 53897 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 998121 364393 633728 633728 INTERCOMPANY PAYABLE 362919 362919 X PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE MULLICA HILL SNH IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF ITS SUPPORTED ORGANIZATION, BANCROFT, A NEW JERSEY NONPROFIT ORGANIZATION. THE FOOTNOTE READS AS FOLLOWS: BANCROFT FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. BANCROFT IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. BANCROFT HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. BANCROFT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 1 0 0 0 0 0 0 0 TONI PERGOLIN PRESIDENT AND CEO 0 567078 0 70000 0 0 0 26600 0 37724 0 701402 0 0 JENNIFER CRIPPS TREASURER/CFO 0 272506 0 15385 0 21429 0 6055 0 200 0 315575 0 0 KATHY ROSS SECRETARY/EXECUTIVE LIAISON 0 127707 0 10000 0 0 0 2937 0 37724 0 178368 0 0 PART I, LINE 3 THE ORGANIZATION DOES NOT COMPENSATE TOP MANAGEMENT OFFICIALS, OFFICERS, OR KEY EMPLOYEES. THESE INDIVIDUALS ARE COMPENSATED BY BANCROFT, A NEW JERSEY NONPROFIT CORPORATION, A RELATED ORGANIZATION. THE RELATED ORGANIZATION CHECKS THE FOLLOWING BOXES ON ITS SCHEDULE J, LINE 3: COMPENSATION COMMITTEE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN BANCROFT, THE RELATED ORGANIZATION, HAS A SPLIT DOLLAR POLICY. ADDITIONALLY, ONE INDIVIDUAL LISTED ON PART VII PARTICIPATES IN AN INSURANCE POLICY PROGRAM ADMINISTERED BY THE RELATED ORGANIZATION, BANCROFT. PART I, LINE 7 NONFIXED PAYMENTS INCENTIVE COMPENSATION PAYMENTS WERE MADE BY A RELATED ORGANIZATION TO PERSONS LISTED ON PART VII, SECTION A. THE RELATED ORGANIZATION DETERMINED THE PAYMENTS BASED ON PERFORMANCE AGAINST GOALS SET PRIOR TO THE START OF THE FISCAL YEAR. THE AMOUNTS OF THE PAYMENTS RANGED FROM $9,485 AND $70,000 FOR INDIVIDUALS LISTED ON THIS ORGANIZATION'S RETURN. FORM 990: PART V, LINE 1A / PART VII, SEC B / PART IX, LINE 11G: IN CONNECTION WITH THE COORDINATED APPROACH OF ALL BANCROFT ENTITIES, ALL ACCOUNTS PAYABLE TRANSACTIONS ARE PROCESSED BY BANCROFT, A NEW JERSEY NONPROFIT CORPORATION (EIN 21-0672770). BANCROFT IS THEN REIMBURSED FOR THESE EXPENSES BY THE FILING ORGANIZATION. FORM 1096 REPORTING FOR THE FILING ORGANIZATION IS ALSO PROCESSED BY BANCROFT. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS WITH POWER TO ELECT THE BOARD OF TRUSTEES ARE APPOINTED BY THE BOARD OF TRUSTEES OF BANCROFT, A NEW JERSEY NONPROFIT CORPORATION, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES OF BANCROFT MUST APPROVE EACH OF THE FOLLOWING ACTIONS TAKEN BY THE CORPORATION IN ORDER FOR SUCH ACTIONS TO BE EFFECTIVE: ANY AMENDMENT OF THE CORPORATION'S CERTIFICATE OF INCORPORATION AND/OR BY-LAWS; ANY SALE, LEASE, EXCHANGE, ENCUMBRANCE OR OTHER TRANSFER OF ALL OR ANY SUBSTANTIAL PORTION OF THE CORPORATION'S ASSETS, WHICH IS NOT MADE IN THE ORDINARY COURSE OF BUSINESS; ANY MERGER OF THE CORPORATION INTO ANOTHER ENTITY, ANY MERGER OF ANOTHER ENTITY INTO THE CORPORATION, OR ANY CONSOLIDATION OF THE CORPORATION WITH ANOTHER ENTITY; ANY ADOPTION OF A PLAN OF LIQUIDATION OR ANY OTHER STEPS IN LIQUIDATION OR DISSOLUTION; AND ANY OTHER TRANSACTION OR OTHER EVENT IN WHICH THE CORPORATION BECOMES AFFILIATED WITH ANOTHER ENTITY OR WHICH CAUSES A MATERIAL CHANGE IN THE NATURE OF THE CORPORATION'S RELATIONSHIP WITH AN AFFILIATED ENTITY; ANY APPOINTMENT OR REAPPOINTMENT TO THE BOARD OF THE CORPORATION; THE BUDGET OF THE CORPORATION AND ANY MATERIAL DEVIATION FROM SUCH OPERATIONAL BUDGET, BUSINESS PLANS OR ANNUAL GOALS; ANY CAPITAL EXPENDITURES OR SERIES OF CAPITAL EXPENDITURES IN EXCESS OF $25,000 PER FISCAL YEAR NOT INCLUDED IN A CAPITAL BUDGET. FORM 990, PART VI, SECTION B, LINE 11B PROCESS USED TO REVIEW THE FORM 990 MANAGEMENT PRESENTS AND REVIEWS A DRAFT OF THE FORM 990 WITH THE AUDIT COMMITTEE FOR ITS APPROVAL PRIOR TO FILING. THIS GENERALLY TAKES PLACE AT THE APRIL AUDIT COMMITTEE MEETING. PRIOR TO FINALIZING, A COPY OF FORM 990, AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY VIA EMAIL. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF COMPLIANCE WITH CONFLICT OF INTEREST POLICY COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED REGULARLY AND CONSISTENTLY. ON AN ANNUAL BASIS, RELATED ORGANIZATION AND PARENT, BANCROFT, A NEW JERSEY NONPROFIT CORPORATION, HAS TRUSTEES, OFFICERS, KEY EMPLOYEES AND CERTAIN OTHER EMPLOYEES WITH SIGNIFICANT DECISION-MAKING AUTHORITY ARE ASKED TO COMPLETE A DISCLOSURE STATEMENT AND QUESTIONNAIRE FORM, WHICH ARE THEN REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE FINANCE COMMITTEE FOR THE EXISTENCE OF POTENTIAL CONFLICTS. ALL POTENTIAL CONFLICTS ARE REFERRED TO THE FULL BOARD, WHICH MAKES A DETERMINATION AS TO WHETHER THE APPLICABLE MEMBER SHOULD RECUSE HIMSELF OR HERSELF FROM DELIBERATIONS AND DECISIONS ON THE MATTER AT HAND. IF THE BOARD DETERMINES THAT A CONFLICT MAY EXIST, AND THE CONFLICTING INDIVIDUAL DOES NOT VOLUNTARILY RECUSE HIMSELF OR HERSELF, THE CONFLICTING INDIVIDUAL IS PROHIBITED FROM PARTICIPATION IN ANY OF THE BOARD'S DELIBERATIONS AND DECISIONS RELATED TO THE MATTER. THE CORPORATE SECRETARY FILES AND MAINTAINS COPIES OF ALL COMPLETED ANNUAL DISCLOSURE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS FOR DETERMINING COMPENSATION THE ORGANIZATION DOES NOT COMPENSATE TOP MANAGEMENT OFFICIALS, OFFICERS, OR KEY EMPLOYEES. THESE INDIVIDUALS ARE COMPENSATED BY BANCROFT, A NEW JERSEY NONPROFIT CORPORATION, A RELATED ORGANIZATION. THE FOLLOWING IS BANCROFT FORM 990 DISCLOSURE: THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IS RESPONSIBLE FOR DETERMINING THE COMPENSATION OF THE ORGANIZATION'S C-LEVEL OFFICERS, INCLUDING THAT OF ITS CHIEF EXECUTIVE OFFICER. THE ORGANIZATION PERIODICALLY OBTAINS INDEPENDENT COMPENSATION STUDIES WITH RESPECT TO ITS OTHER EXECUTIVES AND KEY EMPLOYEES TAKING INTO CONSIDERATION MANY OF THE SAME FACTORS USED TO DETERMINE THE REASONABLENESS OF ITS CEO AND OTHER KEY EMPLOYEES' COMPENSATION. THE MOST RECENT STUDY REVEALED THAT THE COMPENSATION AND BENEFITS RECEIVED BY EACH INDIVIDUAL IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 PROCESS FOR MAKING DOCUMENTS AVAILABLE TO THE PUBLIC THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. BANCROFT A NEW JERSEY NONPROFIT CORPORATION 1255 CALDWELL ROAD CHERRY HILL NJ 08034 210672770 SCHOOL NJ 501(C)(3) LINE 2 N/A 0 BRICK SNH URBAN RENEWAL LP 1255 CALDWELL ROAD CHERRY HILL NJ 08034 431985311 LOW INCOME HOUSING NJ N/A 0 0 BNH URBAN RENEWAL LP 1255 CALDWELL ROAD CHERRY HILL NJ 08034 223766289 LOW INCOME HOUSING NJ N/A 0 0 BNH OF BRICK INC 1255 CALDWELL ROAD CHERRY HILL NJ 08034 061676634 LOW INCOME HOUSING NJ BANCROFT C 0 BNH OF ECHELON INC 1255 CALDWELL ROAD CHERRY HILL NJ 08034 223752475 LOW INCOME HOUSING NJ BANCROFT C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0