2024-11-13T14:18:19-06:00 2023-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-01-01 222169374 SPRINGFIELD SENIOR CITIZENS HOUSING INC SPRI 9734671480 350 INDEPENDENCE WAY SPRINGFIELD NJ 070812633 WALTER PETERSON PRESIDENT 9734671480 2024-11-13 1 0 JACOB A SOWERS P01712829 3178485700 2023 2024-10-15 13:58:12Z WALTER PETERSON 350 INDEPENDENCE WAY SPRINGFIELD NJ 070812633 2669960 0 X N/A X 1972 NJ TO PROVIDE LIVING ACCOMODATIONS TO SENIOR CITIZENS AT AFFORDABLE RATES. 6 6 0 6 0 0 2095396 2137974 500308 526190 805 840 6710 4956 2603219 2669960 0 0 0 0 294053 339745 0 0 0 1418256 1423233 1712309 1762978 890910 906982 10144206 11046505 1455355 430531 8688851 10615974 PROVIDE RENTAL HOUSING AND HOUSING RELATED FACILITIES TO ELDERLY PERSONS AT AFFORDABLE RATES. 0 0 1637632 526190 THE ORGANIZATION QUALIFIES UNDER HUD SECTION 8 TO RECEIVE SUBSIDIZED RENTAL PAYMENTS TO PROVIDE SAFE AND AFFORDABLE HOUSING TO SENIOR CITIZENS WHO MEET CERTAIN INCOME REQUIREMENTS. THE PROJECT PROVIDES 34 EFFICIENCY APARTMENTS AND 102 SINGLE-BEDROOM APARTMENTS. 1637632 1 1 0 0 0 0 0 0 1 0 1 0 0 1 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 1 14 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NJ X WALTER PETERSON 9734671480 350 INDEPENDENCE WAY SPRINGFIELD NJ 070812633 X WALTER PETERSON PRESIDENT 10.00 0.00 X X 0 0 0 DANIEL MCCARTHY VICE PRESIDENT 5.00 0.00 X X 0 0 0 PHILIP HUNRATH TREASURER 5.00 0.00 X X 0 0 0 EDWARD J SHAFFERY JR SECRETARY 5.00 0.00 X X 0 0 0 STANLEY GROSSMAN DIRECTOR 5.00 0.00 X 0 0 0 DONALD J LUSARDI SR DIRECTOR 5.00 0.00 X 0 0 0 0 0 0 0 0 0 0 0 2137974 2137974 RENTAL 531110 526190 526190 526190 840 840 WASHIING MACHINES 812900 4956 4956 4956 2669960 526190 0 5796 X 258439 258439 55717 55717 25589 25589 82344 82344 14194 14194 179388 179388 742 742 87904 59096 28808 540279 540279 289499 289499 MAINTENANCE & REPAIRS 119815 119815 MAINTENANCE CONTRACTS 109068 109068 1762978 1637632 125346 0 4155 5020 3829125 3715678 272572 435822 75356 127433 12448281 8970973 2958462 3477308 3004536 3285244 10144206 11046505 347671 375843 52019 54688 1055665 0 1455355 430531 X 8688851 10615974 8688851 10615974 10144206 11046505 X 906982 1020141 X X 0 1 X 1 1 1 X 1940742 2115147 2095396 2137974 8289259 2215262 443600 575791 500308 526190 4261151 2215262 2384342 2690938 2595704 2664164 12550410 0 0 0 12550410 24757 8710 1501 805 840 36613 24757 8710 1501 805 840 36613 10002 5835 1695 6710 4956 29198 2250021 2398887 2694134 2603219 2669960 12616221 0.99480 0.99340 0.00290 0.00390 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 11945488 8614835 3330653 502793 356138 146655 3477308 ESCROW CASH FUNDS 3220911 TENANT SECURITY DEPOSIT 64333 3285244 X 2669960 0 2669960 0 2669960 1762978 0 1762978 0 1762978 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS A TENANT SECURITY DEPOSIT BANK ACCOUNT. THE FUNDS ARE RETURNED TO THE TENANTS WHEN THEY MOVE OUT OF THEIR RESIDENCE. PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO DECEMBER 31, 2016. FORM 990, PART VI, SECTION A, LINE 3 MANAGING AGENT (MA), COMMUNITY INVESTMENT STRATEGIES, INC., WAS HIRED TO MAINTAIN THE BOOKS AND RECORDS OF THE ORGANIZATION. THEY HIRED A CPA TO REVIEW MONTHLY TRANSACTIONS AND PREPARE A MONTHLY TRIAL BALANCE AND GENERAL LEDGER. THE MA REVIEWS OPEN INVOICES ALONG WITH THE PRESIDENT OF THE ORGANIZATION AND WILL COSIGN CHECKS OVER A SPECIFIC DOLLAR LIMIT. THE MA ATTENDS BOARD MEETINGS TO DISCUSS OPERATIONS OF THE ENTITY. THE FEE PAID TO THE MA IS DETERMINED BY THE STATE AGENCY. NO OFFICER OR BOARD MEMBER WAS COMPENSATED BY THE MA FOR PROVIDING SERVICES TO THE ORGANIZATION DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVEIW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED IT IS PRESENTED BY PAPER TO THE BOARD MEMBERS OF THE ORGANIZATION FOR THEIR REVIEW AND COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND DISCUSSED BY THE PRESIDENT WITH THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION C, LINE 19 SPRINGFIELD SENIOR CITIZENS HOUSING, INC. MAKES ITS FORM 990, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST AT 350 INDEPENDENCE WAY, SPRINGFIELD, NJ 07081. FORM 990, PART IX, LINE 11G SECURITY: PROGRAM SERVICE EXPENSES 179,388. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 179,388. FORM 990, PART XI, LINE 9: RECLASS RESERVE FOR R & R TO EQUITY TO MATCH AUDITED FINANCIAL STATEMENTS 1,020,141. FORM 990 PART XII LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.