2024-11-12T09:32:57-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-01-01 274939264 DEMAREST FARMS 2 DEMA 2014989140 64 E MIDLAND AVE SUITE 2 PARAMUS NJ 07652 CAROLYN JAIME PRESIDENT & CEO 2014989140 2024-11-11 1 0 TARA DEL GAVIO P02438051 9739949494 2024-11-11 2023 2024-10-15 13:58:12Z CAROLYN JAIME LCSW 64 E MIDLAND AVE SUITE 2 PARAMUS NJ 07652 206786 0 X WWW.ADVANCEHOUSING.ORG X 2010 NJ THE MISSION OF DEMAREST FARMS 2 INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. 4 3 0 0 0 0 71955 79537 40396 42986 498 2458 8668 81805 121517 206786 0 0 0 0 6060 0 0 0 0 195567 197823 201627 197823 -80110 8963 1606669 1535295 218785 140168 1387884 1395127 X THE MISSION OF DEMAREST FARMS 2, INC. IS TO PROVIDE PERSONS WITH PSYCHIATRIC DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS. THE ORGANIZATION WILL ALSO USE ITS RESOURCES TO PROMOTE HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 0 0 172622 42986 HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF PERSONS WITH PSYCHIATRIC DISABILITIES. 172622 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X EVERARD BASCOE 2014989140 64 E MIDLAND AVE PARAMUS NJ 07652 CHARLES HIGGINS PRESIDENT 1.00 4.00 X X 0 0 0 SUSAN DEANGELO SECRETARY 1.00 4.00 X X 0 0 0 CAROLYN JAIME MEMBER/ CEO 1.00 39.00 X X 0 174000 5926 BRUCE NUSSMAN COUNSEL 1.00 4.00 X 0 0 0 EVERARD BASCOE CFO 1.00 39.00 X 0 85000 9324 0 259000 15250 0 0 1 0 0 79537 79537 RENTAL REVENUE 531110 42986 42986 42986 2458 2458 REVERSAL OF LOSS DUE T 900099 37066 37066 INSURANCE CLAIM PAYMEN 900099 35970 35970 REVERSAL OF MINIMUM CA 900099 7460 7460 1309 1309 81805 206786 42986 0 84263 6264 6264 15460 15460 82912 82912 11513 11513 65884 65884 5034 5034 CONTRACTS 7181 7181 MISC. ADMINISTRATIVE EX 3477 3477 MISCELLANEOUS OPERATING 98 98 197823 172622 25201 0 58660 40751 13375 17354 494 494 1996824 649788 1412920 1347036 121220 129660 1606669 1535295 99486 57835 80000 80000 39299 2333 218785 140168 X 1387884 1395127 1387884 1395127 1606669 1535295 X 8963 -1720 X X 0 1 X 1 1 1 X 76549 81310 72076 71955 79537 381427 76549 81310 72076 71955 79537 381427 381427 1524 513 188 498 2458 5181 8668 81805 90473 477081 40741 0.79950 0.97150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 185000 185000 1811824 649788 1162036 1347036 TENANT DEPOSITS HELD IN TRUST 2333 RESERVE FOR REPLACEMENT 52085 RESIDUAL RECEIPTS RESERVE 75242 129660 TENANT DEPOSITS HELD IN TRUST 2333 2333 X 206786 0 206786 0 206786 199543 1720 1720 197823 0 197823 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN, OR EXPECTED TO BE TAKEN, IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING FISCAL YEAR 2023. AT DECEMBER 31, 2023, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 1,720. X 0 0 0 0 0 0 0 0 0 CAROLYN JAIME MEMBER/ CEO 0 174000 0 0 0 0 0 0 0 5926 0 179926 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE A SEPARATE COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT AND ITS ACCOUNTANTS PRESENT FORM 990 TO THE FINANCE COMMITTEE AT A REGULAR SCHEDULED MEETING. THE FORM 990 IS THEN PRESENTED TO THE FULL BOARD AND RECOMMENDED FOR APPROVAL BY THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C UPON ORIENTATION TO THE AGENCY, AND ANNUALLY THEREAFTER, ALL STAFF AND BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A FORM INDICATING IT HAS BEEN REVIEWED. THE POLICY INDICATES THAT: 1) ALL POTENTIAL CONFLICTS OF INTEREST WILL NEED TO BE REPORTED, AND 2) THE PROCESS FOR REPORTING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST KEEPING A HARD COPY IN THE OFFICE. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -1,720. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ADVANCE HOUSING INC 100 HOLLISTER ROAD TETERBORO NJ 07608 223423159 SUPPORTIVE HOUSING SERVICES NJ 501 (C) (3) LINE 7 N/A 0 ADVANCE HOUSING FOUNDATION 100 HOLLISTER ROAD TETERBORO NJ 07608 261940826 FUNDRAISING TO SUPPORT ADVANCE HOUSING, INC. NJ 501 (C) (3) LINE 12B, II ADVANCE HOUSING INC 0 ADVANCE HOUSING DNM INC 100 HOLLISTER ROAD TETERBORO NJ 07608 202504202 SUPPORTIVE HOUSING SERVICES NJ 501 (C) (3) LINE 7 ADVANCE HOUSING INC 0 ADVANCE HOUSING 2000 INC 100 HOLLISTER ROAD TETERBORO NJ 07608 223749626 SUPPORTIVE HOUSING SERVICES NJ 501 (C) (3) LINE 7 ADVANCE HOUSING INC 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0