2024-05-06T12:16:09-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-01-01 521809800 OLDER AMERICAN HOUSING IN SPOTSWOOD INC OLDE 7327230008 250 CRESCENT AVE SPOTSWOOD NJ 08884 KEN VAN WAGENINGE PRESIDENT 7327230008 2024-04-23 1 KEN VAN WAGENINGE 999009999 0 TARA DEL GAVIO P02438051 9739949494 2024-04-18 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z KEN VAN WAGENINGE 250 CRESCENT AVE SPOTSWOOD NJ 08884 1550346 0 X N/A X 1995 NJ PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009. 8 8 13 0 0 0 0 0 1546168 1490581 6895 14890 41996 44875 1595059 1550346 0 0 0 0 581498 604018 0 0 0 1102708 1291133 1684206 1895151 -89147 -344805 3376332 3061179 130058 156798 3246274 2904381 PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009. 0 0 1589849 1490581 PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009. 1589849 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 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 0 0 0 0 1 16 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LINDA SOLEY 7327230008 250 CRESCENT AVENUE SPOTSWOOD NJ 08884 NANCY CANO TRUSTEE 5.00 X 0 0 0 LUKE KNOX TRUSTEE 5.00 X 0 0 0 SHARON MILLER TRUSTEE 5.00 X 0 0 0 DAVID SLIKER TRUSTEE 5.00 X 0 0 0 CHARLES UHL TRUSTEE 5.00 X 0 0 0 KATHY ROMERO SECRETARY 5.00 X X 0 0 0 PETER SIANO VICE PRESIDENT 10.00 X X 0 0 0 KEN VAN WAGENINGE PRESIDENT 10.00 X X 0 0 0 LINDA SOLEY ASSISTANT MANAGER 10.00 X 0 164225 36695 JOSEPH WOODS MANGER 20.00 X 84346 0 4692 WILLIAM SHEPSKO BUILDING SUPERINTENDENT 35.00 X 109812 0 13538 194158 164225 54925 1 0 1 0 0 HUD-RENTAL ASSISTANCE 533110 840081 840081 TENANT RENTS 533110 344526 344526 CONGREGATE SERVICES 533110 303874 303874 LAUNDRY REVENUE 812300 2100 2100 1490581 14890 14890 ENTITY REVENUE 900099 44875 44875 44875 1550346 1490581 0 59765 267511 194231 73280 132031 95863 36168 51094 37098 13996 117395 85236 32159 35987 26129 9858 40000 40000 2500 2500 38545 38545 37629 37629 137447 137447 1733 1733 143668 143668 84537 84537 MISCELLANEOUS OPERATING 343299 343299 SERVICE COORDINATOR 269285 269285 CONTRACTS 60198 60198 MISCELLANEOUS ADMIN 59434 59434 72858 72858 1895151 1589849 305302 0 952 410 174780 185259 24338 23028 12798 14856 6272942 4124549 2287061 2148393 876403 689233 3376332 3061179 78010 71808 28345 27198 23703 30477 0 27315 130058 156798 X 3246274 2904381 3246274 2904381 3376332 3061179 -344805 2912 0 X X 0 1 X 1 1 1 X 1020276 963187 1013150 2996613 286223 293725 285358 1546168 1490581 3902055 1306499 1256912 1298508 1546168 1490581 6898668 0 0 0 6898668 11670 10237 7700 6895 14890 51392 11670 10237 7700 6895 14890 51392 41996 44875 86871 1318169 1267149 1306208 1595059 1550346 7036931 0.98040 0.98710 0.00730 0.00670 X 0 1 X 531000 531000 5611286 4011083 1600203 130656 113466 17190 2148393 TENANT DEPOSITS 27198 RESERVE FOR REPLACEMENTS 614708 RESIDUAL RECEIPTS 20012 RIGHT-OF-USE (ROU) ASSET, NET OF ACCUMULATED AMORTIZATION 27315 689233 LEASE LIABILITY - OPERATING 5939 NONCURRENT - LEASE LIABILITY - OPERATING 21376 27315 X 1553258 2912 2912 1550346 0 1550346 1895151 0 1895151 0 1895151 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS IN TRUST IN THE NAME OF EACH TENANT. PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'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 PROJECT'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING 2023 AND 2022. AT DECEMBER 31, 2023 AND 2022, THERE WERE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. 0 0 0 0 0 0 0 0 0 LINDA SOLEY ASSISTANT MANAGER 0 164225 0 0 0 0 0 16321 0 20374 0 200920 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 - REVIEWED BY LINDA SOLEY, PRESENTED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIALS AND OFFICERS COMPENSATION IS APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 NO PUBLIC DISCLOSURE EXPLANATION AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION - NO DOCUMENTS AVAILABLE TO THE PUBLIC. PART XII LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANTS. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.