2024-04-15T11:50:04-05:00 2023-05-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2022-06-01 222188180 PATERSON RESTORATION CORPORATION PATE 9733211220 125 ELLISON STREET PATERSON NJ 07505 ORLANDO CRUZ BOARD CHAIRMAN 9733211220 2024-04-11 1 ORLANDO CRUZ 999009999 0 CHRIS PERROTTA CPA P01450368 9733281825 2024-04-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ORLANDO CRUZ 125 ELLISON STREET PATERSON NJ 07505 165732 0 X N/A X 1977 NJ TO ENCOURAGE RESTORATION IN THE CITY OF PATERSON. TO PROVIDE LOW INTEREST LOANS TO FACILITATE THE PATERSON COMMUNITY CONSTRUCTION AND RESTORATION PROJECTS. 9 8 0 0 0 0 58438 75613 17119 8574 25362 42155 0 39390 100919 165732 0 0 0 0 0 0 0 0 0 103863 125148 103863 125148 -2944 40584 19877384 19867630 706864 659806 19170520 19207824 X TO ENCOURAGE RESTORATION IN THE CITY OF PATERSON. TO PROVIDE LOW INTEREST LOANS TO FACILITATE THE PATERSON COMMUNITY CONSTRUCTION AND RESTORATION PROJECTS. 0 0 THE GREAT FALLS HISTORIC DISTRICT- TITLE IX FUND- WAS ESTABLISHED IN 1984 BY CITY COUNCIL RESOLUTION. THE CITY OF PATERSON DREW DOWN THE BALANCE OF FUNDS AVAILABLE TO IT ACCORDING TO THE CITY'S GRANT AGREEMENT WITH THE USEDA. THE FUNDS WERE TRANSFERRED TO THE PRC AND ARE TO BE ENCUMBERED FOR USE ONLY IN THE GREAT FALLS HISTORIC DISTRICT. INDUSTRIAL RELOCATION EXPENSES INCURRED FOR PROMOTION AND RESEARCH TO ATTRACT MORE BUSINESS ENTERPRISES TO RELOCATE TO THE CITY OF PATERSON, UNDERWRITING COSTS TO PROVIDE LOANS TO BUSINESSES. 75637 8574 UEZ PROJECT PROGRAM - THIS PROGRAM FACILITATES THE FUNDING OF MANY UEZ STATE APPROVED PROJECTS. THE FUNDS ARE HELD IN A RESTRICTED BANK ACCOUNT TO BE USED FOR PAYMENT TO VENDORS IN CONNECTION WITH AN APPROVED PROJECT AND SUPPORTING DOCUMENTATION. DEVELOPMENT OF LOW AND MIDDLE INCOME HOUSING AND NEIGHBORHOOD PRESERVATION PROGRAM ACTIVITIES WITHIN THE CITY OF PATERSON.THE GREAT FALLS HISTORIC DISTRICT - TITLE IX FUND - WAS ESTABLISHED IN 1984 BY CITY COUNCIL RESOLUTION. THE CITY OF PATERSON DREW DOWN THE BALANCE OF FUNDS AVAILABLE TO IT ACCORDING TO THE CITY'S GRANT AGREEMENT WITH THE USEDA. THE FUNDS WERE TRANSFERRED TO THE PRC AND ARE TO BE ENCUMBERED FOR USE ONLY IN THE GREAT FALLS HISTORIC DISTRICT. THIS YEAR THE EXPENDITURES FOR THE PROGRAM AMOUNTED TO ZERO. 75637 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X THE ORGANIZATION 9733211220 125 ELLISON STREET PATERSON NJ 07505 X MARIO TOMMOLILLO TRUSTEE 2.00 X 0 0 0 GEORGE MCLOOF TRUSTEE 2.00 X 0 0 0 DR STEVE ROSE TRUSTEE 2.00 X 0 0 0 ABDUL HAMDAN TRUSTEE 2.00 X 0 0 0 ORLANDO CRUZ BOARD CHAIRMAN 2.00 X 0 0 0 JEFFREY LEVINE SECRETARY 2.00 X 0 0 0 MATTHEW EVANS VICE CHAIRMAN 2.00 X 0 0 0 HARVEY NUTTER TREASURER 2.00 X 0 0 0 MICHAEL POWELL EXECUTIVE DIRECTOR 2.00 X 0 0 0 0 0 0 0 0 0 0 0 75613 75613 UEZ PROGRAM LOANS 900099 4441 4441 MORTGAGE INTEREST 900099 4133 4133 8574 42155 42155 BAD DEBT RECOVERY 900099 39385 39385 MISCELLANEOUS REVENUE 900099 5 5 39390 165732 8574 0 81545 887 887 27000 27000 10300 10300 8000 8000 294 294 1509 1509 UEZ PROJECT EXPENSES 75613 75613 BANK CHARGES 1320 24 1296 MISC. EXPENSES 175 175 BOARD MEETING EXPENSE 50 50 125148 75637 49511 0 428010 2394769 7448041 5347617 740081 676915 1509 0 9167 9167 0 0 902542 938536 10357201 10509793 19877384 19867630 7054 678195 598491 28669 54261 706864 659806 X 19170520 19207824 19170520 19207824 19877384 19867630 40584 -3280 0 X X 0 0 0 X 537637 222178 192014 58438 75613 1085880 537637 222178 192014 58438 75613 1085880 1085880 98198 88406 50990 25362 42155 305111 89670 8942 6767 39390 144769 1535760 491280 0.70710 0.79500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9167 9167 0 0 ACCRUED INTEREST RECEIVABLE 8538 ADVANCE - 163-177 PENNSYLVANIA 9534635 ADVANCE - 75-81 ELLISON ST INC 911532 DUE - UEZ A/C 54555 TITLE IX ADVANCE 533 10509793 DUE - UEZ RESTRICTED A/C 34208 DUE - UNRESTRICTED PRC A/C 18723 UEZ EXCHANGE - CUSTOM LAMINATIONS 1330 54261 FORM 990, PART VI, SECTION B, LINE 11B PATERSON RESTORATION CORPORATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C PATERSON RESTORATION CORPORATION CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION C, LINE 19 PATERSON RESTORATION CORPORATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 125 ELLISON STREET PATERSON, NJ 07505. IN ADDITION, FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 125 ELLISON STREET PATERSON, NJ 07505. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.