2024-11-12T13:24:42-06:00 2023-12-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2023-01-01 311693980 NORTH SQUARE GATEWAY TERRACE INC C/O NEW OPPORTUNITIES INC NORT 2035759799 232 NORTH ELM STREET WATERBURY CT 06702 MR WILLIAM RYBCZYK PRESIDENT 2037819600 2024-11-06 1 1 THOMAS GOLDFUSS P01373588 8605223111 2023 2024-10-15 13:58:12Z MR WILLIAM RYBCZYK 232 NORTH ELM STREET WATERBURY CT 06702 213886 0 X N/A X 2000 CT TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES. 7 7 0 0 0 0 0 0 193290 210963 341 1891 1649 1032 195280 213886 0 0 0 0 22560 16802 0 0 0 270274 260982 292834 277784 -97554 -63898 1243694 1196060 1978991 1995255 -735297 -799195 TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES. 0 0 233714 210963 HOUSING - PROVIDED AFFORDABLE HOUSING TO 14 LOW INCOME FAMILIES. 233714 1 0 0 0 0 0 0 0 0 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 1 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 1 1 1 1 0 X MARK E KOVITCH 2035754204 232 NORTH ELM STREET WATERBURY CT 06702 BELINDA WEAVER DIRECTOR 1.00 X 0 0 0 JOYCE KENNEDY JONES DIRECTOR 1.00 X X 0 0 0 JUANITA ALGARIN DIRECTOR 1.00 X 0 0 0 MARITZA RIVERA DIRECTOR 1.00 X X 0 0 0 MELISSA GREEN DIRECTOR 1.00 X 0 0 0 WILLIAM RYBCZSK PRESIDENT 1.00 40.00 X X 0 191769 15250 VICTOR LOPEZ DIRECTOR 0.00 X 0 0 0 MARK E KOVITCH CFO 1.00 39.00 X 0 133032 23822 0 324801 39072 0 0 1 0 0 HUD RENT SUBSIDIES 531390 176456 176456 RENT FROM TENANTS 531110 34507 34507 210963 1891 1891 LAUNDRY AND VENDING 900099 1032 1032 1032 213886 211995 0 1891 15385 15385 1417 1417 15822 15822 13900 13900 9539 9539 81901 81901 90 90 81449 81449 31842 31842 PROPERTY TAXES 21394 21394 0 BAD DEBT EXPENSE 1039 1039 4006 236 3770 277784 233714 44070 0 1126 3553 3184 0 135 0 2267194 1244681 1055193 1022513 184056 169994 1243694 1196060 106208 122107 1872783 1873148 1978991 1995255 X -735297 -799195 -735297 -799195 1243694 1196060 -63898 0 X 0 1 X 1 1 1 X 199337 2071731 210960 193290 210963 2886281 199337 2071731 210960 193290 210963 2886281 0 0 0 2886281 199337 2071731 210960 193290 210963 2886281 1.00000 1.00000 0.00000 X 108000 108000 2090546 1200732 889814 68648 43949 24699 1022513 TENANT SECURITY DEPOSITS 2612 MORTGAGAE ESCROW DEPOSIT 6134 REPLACEMENT RESERVE 157744 RESIDUAL RECEIPTS RESERVE 3504 169994 CAPITAL ADVANCE 1870700 TENANT SECURITY DEPOSITS 2448 1873148 X 213886 0 213886 0 213886 277784 0 277784 0 277784 PART X, LINE 2: NORTH SQAURE GATEWAY TERRACE INC HAS BEEN RECOGNIZED BY THE IRS AS A NFP CORPORATION AS DESCRIBED IN SEC 501(3)(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO 501(A) OF THE CODE. ACCOUNTONG PRINCIPLES GENRALLY ACCEPTED IN THE USA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITIONTHAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 2022 AND 2021 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF LIABILITY (OR ASSET) OR DISCLOSURE IN FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENIDNG OR IN PROGRESS. PART XII, LINE 2B NORTH SQAURE GATEWAY TERRACE INC HAS BEEN RECOGNIZED BY THE IRS AS A NFP CORPORATION AS DESCRIBED IN SEC 501(3)(C) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO 501(A) OF THE CODE. ACCOUNTONG PRINCIPLES GENRALLY ACCEPTED IN THE USA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITIONTHAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITION TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 2023 AND 2022 THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF LIABILITY (OR ASSET) OR DISCLOSURE IN FINANCIAL STATEMENTS. THE PROJECT IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS PENIDNG OR IN PROGRESS. X X X 0 1 0 0 0 0 0 0 0 WILLIAM RYBCZSK PRESIDENT 0 191769 0 0 0 0 0 0 0 15230 0 206999 0 0 MARK E KOVITCH CFO 0 133032 0 0 0 0 0 0 0 23822 0 156854 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO NEW OPPORTUNITIES INC., A RALTED 501(C)3 ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY CHIEF FINANCE OFFICER OF NEW OPPORTUNITIES INC., AND IS THEN CIRCULATED TO BOARD OF DIRECTORS FOR REVIEW FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE THE EXECUTIVE DIRECTOR, OFFICER OR KEY EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES TO NEW OPPOTUNITIES, INC. A RELATED 501(C)3 ORGANIZATION. THERE ARE NO COMMITTEES OF THE GOVERNING BODY. NEW OPPORTUNITIES INC 232 NORTH ELM STREET WATERBURY CT 06702 TOIMPROVE LIVES OF ECONOMICALLY DISADVANTAGED INDIVIDUALS CT 501(C)3 LINE 7 0 NEW OPPRTUNITIES ECONOMIC DEVELOPMETN CORP 232 NORTH ELM STREET WATERBURY CT 06702 ECONOMIC DEVELOPMENT CT 501(C)3 LINE 9 0 CAMELOT LIMITED PARTNERSHIP 232 NORTH ELM STREET WATERBURY CT 06702 REAL ESTATE RENTAL CT N/A 0 0 CAMELOT CENTER INC 232 NORTH ELM STREET WATERBURY CT 06702 061531370 REAL ESTATE RENTAL CT C 0 COMUNITY WIDE INVESTMENTS CORPORATION INC 232 NORTH ELM STREET WATERBURY CT 06702 061103496 INACTIVE CT C 0 NORTH SQUARE GATEWAY DEVELOPMENT 232 NORTH ELM STREET WATERBURY CT 06702 264188184 INACTIVE CT C 0 CT FOOD 4 THOUGHT INC 232 NORTH ELM STREET WATERBURY CT 06702 825506813 INACTIVE - FINAL 2022 CT C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1