2024-10-25T13:27:11-05:00 2023-12-31 WILKIN & GUTTENPLAN PC 1200 TICES LANE EAST BRUNSWICK NJ 08816 990 2023-01-01 452594112 MAXWELL PLACE WATERFRONT PARK CORPORATION INC c/o FIRST SERVICE RESIDENTIAL % PATRICK KRETZ MAXW 2016568323 1100 MAXWELL LANE HOBOKEN NJ 07030 FRED SCHMIDT TRUSTEE 2016568323 2024-10-20 true true MOHAMMED SALYANI CPA P01334537 7328463000 2024-10-02 2023 2024-10-15 13:58:12Z LEO PELLEGRINI 1100 MAXWELL LANE HOBOKEN NJ 07030 560933 false X N/A X 2011 NJ SEE SCHEDULE O 3 1 0 0 0 0 463381 491494 18253 69439 0 0 481634 560933 0 0 0 0 40593 44083 0 0 0 281556 165857 322149 209940 159485 350993 1909060 2271826 28665 40438 1880395 2231388 X MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY THE CITY OF HOBOKEN, NJ THAT CONSISTS OF 3.5 ACRES OF WATERFRONT LAND AND 10 ACRES OF WATER. THE PARK IS OPEN TO THE PUBLIC AND ALLOWS FOR AN URBAN COMMUNITY TO ENJOY THE OUTDOORS. THE PARK HAS MANY RESOURCES THAT INCLUDE A RIVERFRONT WALKWAY, A 500 FOOT FISHING PIER, A BOAT LAUNCH, PLAYING FIELDS, TWO CHILDREN'S PLAYGROUNDS AND A DOG RUN. THE PARK ALSO FEATURES A NATURAL SAND BEACH AND A RE-CREATION OF THE 1865 NEW YORK YACHT CLUB BOATHOUSE, THE FIRST YACHT BOATHOUSE IN THE UNITED STATES. IN ADDITION TO BEING OPEN TO THE PUBLIC, THE PARK ALLOWS FOR PUBLIC ACCESS TO THE HUDSON RIVER. THIS ORGANIZATION'S MISSION IS TO PERFORM ALL SERVICES NECESSARY FOR MAINTENANCE, REPLACEMENT AND IMPROVEMENT OF PARK FACILITIES. false false 177441 491494 PARK OPERATIONS-SEE RESPONSE TO PART III, QUESTION 1, ON SCHEDULE O 177441 false false false false false false false false true false false false false false false true false false false false false false false false false false false false false false false false false false false false true false false false false false true false false true 0 0 true 0 false false false false false false false false X 3 1 false true false false false true false true false false false true false false false false X PATRICK KRETZ 2016568323 OBSERVER PRTY MGMT 497 OBSERVER HI HOBOKEN NJ 07030 LEO PELLEGRINI TRUSTEE 0.0 0.0 X 0 0 0 EMILY JABBOUR TRUSTEE 0.0 0.0 X 0 0 0 FRED SCHMIDT TRUSTEE 0.0 0.0 X 0 0 0 0 0 0 0 false false false 0 0 OPERATIONS AND MAINTENANCE FUNDING AGREEMENT 531390 491494 491494 491494 69439 69439 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 560933 491494 69439 0 0 0 0 0 0 44083 44083 0 0 0 22509 22509 0 9700 9700 0 0 0 0 0 50 50 0 0 0 0 0 0 0 0 0 0 GEESE CONTROL 15859 15859 GENERAL MAINTENANCE 22840 22840 SNOW REMOVAL 9330 9330 PROFESSIONAL FEES 2172 2172 83397 83157 240 209940 177441 32499 0 1895324 2271826 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 13736 0 1909060 2271826 28665 40438 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28665 40438 X 1880395 2231388 0 0 1880395 2231388 1909060 2271826 350993 X false true X true false 1920726 301571 63188 2285485 1809395 194208 16863 99740 1920726 1610357 194208 7200 2370 1809395 1573944 194208 18768 176563 1610357 1464445 194208 21112 105820 1573945 1.00000 0.00000 0.00000 false false 560933 560933 560933 209940 209940 209940 SCHEDULE D, PART V, LINE 1 FUNDS SHOWN ON PART V, LINE 1 CONSISTS OF TWO SEPARATE FUNDS, THE O&M RESERVE FUND AND THE REPLACEMENT FUND. THE O&M RESERVE FUND IS USED FOR CAPITAL IMPROVEMENT PROJECTS TO THE PARK FACILITIES. THE REPLACEMENT FUND IS USED FOR MAJOR REPAIRS OR REPLACEMENTS OF COMMON PROPERTY OF THE PARK FACILITIES. MAXWELL PLACE CONOMINIUM ASSOCIATIO SEE SUPPLEMENTAL INFO SEE SUPPLEMENTAL INFO SCHEDULE L, PART IV DARYL SOLOMON AND GEOFF BAILEY WERE TRUSTEES OF BOTH MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC. AND MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. RECEIVES PROGRAM REVENUE FROM MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC. PER AN OPERATIONS AND MAINTENANCE FUNDING AGREEMENT. ACCORDING TO THE AGREEMENT, MEMBERS ARE REQUIRED TO PAY AN ANNUAL FEE TO MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. TO MAINTAIN CERTAIN PUBLIC PARK AREAS AND PIERS ADJACENT TO THE CONDOMINIUM ASSOCIATION. PART VI, SECTION A, QUESTION 7A THE GOVERNING BOARD OF MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. HAS THREE CONSTITUENT GROUPS: (1) THE CITY OF HOBOKEN, NJ; (2) MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC.; AND (3) TOLL BROS., INC. TO THE EXTENT VACANCIES ARISE ON THE BOARD OF TRUSTEES, THE RESPECTIVE CONSTITUENT GROUP HAS THE RIGHT TO APPOINT A SUCCESSOR TRUSTEE. PART VI, SECTION B, QUESTION 11B A DRAFT VERSION OF FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES PRIOR TO COMPLETION BY THE TAXPAYER'S CPA FIRM. ALL TRUSTEES REVIEW THE RETURN AND DISCUSS AND RESOLVE ANY QUERIES PRIOR TO COMPLETING AND FINALIZING FORM 990. PART VI, SECTION C, QUESTION 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART VII, SECTION A, LINE IA, COLUMN (E) GEOFF BAILEY IS A FULL TIME EMPLOYEE OF TOLL BROS., INC. AND RECEIVES COMPENSATION FROM TOLL BROS., INC. NO AMOUNT OF HIS SALARY FROM TOLL BROS., INC. IS SPECIALLY ALLOCATED TO HIS SERVICE FOR MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. AND ACCORDINGLY HAS NOT BEEN REFLECTED HERE. NO DIRECT COMPENSATION FROM MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. HAS BEEN RECEIVED AS WELL. PART VII, SECTION A, QUESTION 4 MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. DOES NOT HAVE ACCESS TO SALARY INFORMATION OF RELATED ORGANIZATION, TOLL BROS., INC., AND THEREFORE IS UNABLE TO ANSWER THIS QUESTION. PART I, LINE 1 MAXWELL PLACE WATERFRONT PARK IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY HOBOKEN, NJ. THE PARK PROVIDES THE URBAN/INDUSTRIALIZED PUBLIC WITH AN OPEN AND GREEN SPACE WITH ACCESS TO THE HUDSON RIVER. PART VI, SECTION A, QUESTION 3 MANAGEMENT DUTIES HAVE BEEN DELEGATED TO OBSERVER PROPERTY MANAGEMENT. PART VI, SECTION A, QUESTION 8B THE COMMITTEE RESPONSIBLE FOR SELECTING THE INDEPENDENT AUDITORS IS MADE UP OF THE ENTIRE BOARD OF TRUSTEES. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:LANDSCAPING AND IMPROVEMENTS TOTAL EXPENSES:69825 PROGRAM SERVICES:69825 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:PLUMBING REPAIRS TOTAL EXPENSES:8993 PROGRAM SERVICES:8993 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:IRRIGATIONG MAINTENANCE TOTAL EXPENSES:4339 PROGRAM SERVICES:4339 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:BANK FEES TOTAL EXPENSES:240 MANAGEMENT AND GENERAL:240 MAXWELL PLACE CONDOMINIUM ASSOC INC 1125 MAXWELL LANE HOBOKEN NJ 07030 205831493 CONDO ASSOC. NJ NA C CORP false TOLL BROS INC 250 GIBRALTAR ROAD HORSHAM PA 19044 232417123 RES. CONSTRUC PA NA C CORP false false false false false false false false false false false false false false false false false false true MAXWELL PLACE CONDOMINIUM ASSOCIATION INC LINE 301571 FMV PART V, QUESTION 2 AMOUNT REFLECTED ON SCHEDULE R, PART V, QUESTION 2 REPRESENTS AMOUNTS RECEIVED BY MAXWELL PLACE WATERFRONT PARK CORPORATION, INC. FROM MAXWELL PLACE CONDOMINIUM ASSOCIATION, INC. AS SPECIFIED IN AN OPERATIONS AND MAINTENANCE FUNDING AGREEMENT IN ORDER TO MAINTAIN CERTAIN PUBLIC PARK AREAS AND PIERS ADJACENT TO THE CONDOMINIUM ASSOCIATION.